The Angolan economy grew by 0.7 percent in 2021, following a contraction of 5.40 percent in 2020. Driven by supply-side factors, inflation remained high at 25.7 percent in 2021 and international reserves were maintained by rising oil exports to 8.1 months of import cover. The increase in oil exports raised the current account surplus to 11.4 percent of GDP in 2021 from 1.5 percent in 2020. The IMF's SDR allocation to Angola in 2021 was equivalent to US$1.0 billion, half of which was used to strengthen international reserves. (Download detailed Analysis Source : Report African Economic Outlook 2022 ; AfDB)