## Angola: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Angola

_IMF Staff Country Reports, November 3, 2015_

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**Canonical URL:** [Angola: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Angola](https://www.imf.org/en/publications/cr/issues/2016/12/31/angola-2015-article-iv-consultation-press-release-staff-report-and-statement-by-the-43374)

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## Bibliographic details
- Published: November 3, 2015
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513542218.002

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### Key findings and outlook
- The oil price shock is adversely impacting the economy of Angola.
- Oil production has recovered following the completion of maintenance work.
- Non-oil GDP growth is expected to decelerate to 2.1 percent in 2015.
- Growth is projected to remain stable at 3.5 percent in 2016.
- The oil sector is projected to grow by about 4 percent in 2016.
- The non-oil sector is expected to show a small improvement in 2016.
- The economic situation in 2016 is likely to remain challenging as international oil prices are not expected to recover and risks are on the downside.

### Subjects and keywords (as listed)
- Subjects: Energy subsidies, Exchange rates, Expenditure, External debt, Foreign exchange, Oil prices, Prices, Public debt
- Keywords: Africa, baseline debt path, CR, debt, diversification strategy, Energy subsidies, Exchange rates, GDP deflator, Global, inflation expectation, ISCR, liability positions vis-à-vis nonresident, oil price shock, Oil prices, oil revenue, oil wealth, reform revenue administration, revenue, shock

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/angola-2015-article-iv-consultation-press-release-staff-report-and-statement-by-the-43374_