The construction sector in Angola has experienced fluctuations over the last decade. After peaking in growth in 2014, the sector faced a decline until 2016. This was followed by a steady recovery with modest year-on-year increases. By 2023, the construction value added stood at 18.404 billion US Dollars. Although growth tapered, the sector showed resilience with a 2.97% year-on-year growth rate in 2023. The average annual growth (CAGR) for the last five years leading up to 2023 was 3.31%. Future trends, projected until 2028, suggest a CAGR of 2.01%, indicating moderate but stable growth with a total increase of 10.47% over five years.
Future trends to watch for include:
• Potential impacts of government infrastructure policies.
• Influence of foreign investments.
• Changes in commodity prices, particularly oil.
• Technological advancements improving efficiency in construction processes.
• Economic fluctuations impacting funding and investment capabilities.
