The Angolan Head of State, João Lourenço, said on Monday that the country has become less and less dependent on oil, with an acceptable growth rate of 3.5% per year.
João Lourenço was speaking in an interview with Angolan public television (TPA).
“If we consider the non-oil economy, we have a higher growth rate, of 4.5%, an inflation rate of 22%, which, if possible, we will try to reduce,” he stressed, noting that unemployment stands at 29%.
According to the President of the Republic, the ratio of debt to Gross Domestic Product, which was once over one hundred percent, is currently at 63%.
Therefore, “I think we have more than enough reasons to feel very proud of our independence this year when we celebrate 50 years of independence,” he said.
Source: Angop
