Angola’s Q2 2023 economic growth was near stagnation compared to the same quarter last year despite a slight rise in the previous quarter. While the oil sector saw a gentler contraction of 2.9% in Q2 compared to an 8.9% decline before, the diamond and mineral extraction sector witnessed a substantial drop, as diamonds and salt form over 90% of its total output. However, there was a noticeable upswing in the finance and insurance sectors, with the GDP marking a 0.2% QoQ increase, overturning a 1.1% dip in Q1 2023.