Luanda - The country's current account balance remained in surplus at around 12.1% of Gross Domestic Product (GDP), showing a growing trend in line with the recovery of export earnings, ANGOP learned today.
According to the Information Note on External Statistics for the Third Quarter published on the website of the National Bank of Angola (BNA), the behaviour of the current account derived, fundamentally, from the increase in the balance of the goods account in the order of 34.6%, and the improvement of the income, services and current transfers accounts.
On the other hand, the capital and financial account recorded a deficit of USD 2,098.9 million, against a surplus of USD 327.3 million recorded in the previous quarter.
According to the Central Bank, in the third quarter of 2023, the net position of international investment registered a reduction in its deficit of USD 2,156.3 million, mainly as a result of the reduction in liabilities with non-residents.
The BNA notes that of the main financial assets that the country holds, vis-à-vis non-residents, reserve assets stand out, whose stock stood at USD 13,966.1 million at the end of the third quarter of 2023, against USD 13,680.9 million in the previous quarter, ensuring a coverage of 8.0 months of imports of goods and services. HM/AC/DOJ
