O Ano de 2015
average daily production, helping to partly offset the fall in revenues.
Non-oil GDP growth decelerated in 2015. The industrial, construction
and services sectors are adjusting to the fall in private consumption
and public investment and to the persistent difficulties in obtaining
foreign currency. The inflation rate reached 14% at the end of 2015.
The Kwanza depreciated over the year, with particular impact in the
second half.
In 2016, oil GDP growth is expected to decelerate (from6.8% to 3.4%)
and the non-oil sector is expected to accelerate (from 2.1% to 3.4%),
mainly driven by the more robust recovery of agriculture.
Themain risk factor affecting economic growth and the sustainability
of the Angolan public finances continues to be the excessive depend-
ence on the oil sector, strongly conditioned by the lower prices in
international markets.
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