The contribution to GDP of the construction sector in Angola steadily increased from 2013 to 2023, reaching 15.35 Units in 2023. From 2024 onwards, the data is forecasted, continuing an upward trend to 17.1 Units in 2028. The year-on-year percentage growth remained relatively stable, however, it did experience a slight fluctuation with higher growth observed between 2021 and 2023. The CAGR over the last five years stood at 1.71%, indicating consistent performance.
Future trends to watch for include:
- Impact of governmental policies and infrastructure investments on construction.
- Influence of global commodity prices on Angola’s economic stability and construction sector.
- Technological advancements and sustainability practices in construction.