6.7% growth forecast for Angola’s agricultural sector in 2016

16 August 2016

Angola’s agricultural sector should grow this year at a rate of 6.7 percent, indicate forecasts included in the draft law on revision of the 2016 state budget, approved in general terms by the Angolan parliament on Monday.

Although this forecast’s variance is positive compared to the 5.2 percent rate set out in the 2016 state budget, it is well below the 11.3 percent predicted in the 2013-2017 national development plan, reports Angop news agency.

The sector’s current technological level and the major contribution by family farming make it very dependent on climate change and the distribution of production inputs such as seed, farm tools and fertiliser, which significantly impact both results and forecasts, the agency reports.

The real 2016 GDP growth of -1.1 percent forecast in the new document is based on year-on-year growth of 0.8 percent for the oil sector and 1.2 percent for the non-oil sector.

The non-oil sector’s performance in this scenario is justified by expected improvement in the sectors of agriculture (from 5.2 percent to 6.7 percent), construction (from 2.2 percent to 3.2 percent), manufacturing (from -11 percent to -3.9 percent) and market services (from -1.5 percent to 0 percent). (Macauhub/AO)