Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Angola Economy to Grow Estimated 7% in 2012 as Oil Output Gains

Don't Miss Out —
Follow us on:

Feb. 9 (Bloomberg) -- Angola’s economic growth will probably accelerate to about 7 percent this year because of higher oil production, according to the head of Angola’s Catholic University macroeconomic-studies department.

The economy of Africa’s second-biggest crude producer is estimated to have expanded 3 percent in 2011, Manuel Alves da Rocha, a former adviser to the country’s Ministry of Planning, said in a telephone interview today from Lisbon.

The southern African nation has forecast oil production of 1.8 million barrels a day this year, up from an average of 1.65 million barrels in 2011, Planning Minister Ana Dias Lourenco said Jan. 27. The government estimates the economy will expand 12.8 percent in 2012.

To contact the reporter on this story: Henrique Almeida in Lisbon at

To contact the editor responsible for this story: Andrew J. Barden at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.