take advantage of its rich natural resources - gold, diamonds,
extensive forests, Atlantic fisheries, and large oil deposits -
Angola will need to continue reforming government policies and to
reduce corruption. While Angola made progress in bringing inflation
down further, from 325% in 2000 to about 106% in 2002, the
government has failed to make sufficient progress on reforms
recommended by the IMF such as increasing foreign exchange reserves
and promoting greater transparency in government spending. Increased
oil production supported 7% GDP growth in 2003.
GDP:
purchasing power parity - $20.42 billion (2003 est.)
GDP - real growth rate:
1.5% (2003 est.)
GDP - per capita:
purchasing power parity - $1,900 (2003 est.)
GDP - composition by sector: agriculture: 8% industry: 67% services: 25% (2001 est.)
Investment (gross fixed):
31.7% of GDP (2003)
Population below poverty line:
70% (2003 est.)
Household income or consumption by percentage share:
lowest 10%: NA
highest 10%: NA
Inflation rate (consumer prices):
76.6% (2003 est.)
Labor force:
5.57 million (2003 est.)
Labor force - by occupation:
agriculture 85%, industry and services 15% (2003 est.)
Unemployment rate:
extensive unemployment and underemployment affecting more than half
the population (2001 est.)
Budget:
revenues: $4.874 billion
expenditures: $6.012 billion, including capital expenditures of $963
million (2003 est.)
Agriculture - products:
bananas, sugarcane, coffee, sisal, corn, cotton, manioc (tapioca),
tobacco, vegetables, plantains; livestock; forest products; fish
Industries:
petroleum; diamonds, iron ore, phosphates, feldspar, bauxite,
uranium, and gold; cement; basic metal products; fish processing;
food processing; brewing; tobacco products; sugar; textiles
Industrial production growth rate:
1% (2000)
Electricity - production:
1.45 billion kWh (2001)
Electricity - consumption:
1.348 billion kWh (2001)
Electricity - exports:
0 kWh (2001)
Electricity - imports:
0 kWh (2001)
Oil - production:
742,400 bbl/day (2001 est.)
Oil - consumption:
31,000 bbl/day (2001 est.)
Oil - exports:
NA (2001)
Oil - imports:
NA (2001)
Oil - proved reserves:
5.691 billion bbl (1 January 2002)
Natural gas - production:
530 million cu m (2001 est.)
Natural gas - consumption:
530 million cu m (2001 est.)
Natural gas - exports:
0 cu m (2001 est.)
Natural gas - imports:
0 cu m (2001 est.)
Natural gas - proved reserves:
79.57 billion cu m (1 January 2002)
Current account balance:
$-475 million (2003)
Exports:
$9.669 billion f.o.b. (2003 est.)
Exports - commodities:
crude oil, diamonds, refined petroleum products, gas, coffee,
sisal, fish and fish products, timber, cotton
Exports - partners:
US 47.7%, China 23.4%, Taiwan 8%, France 7.4% (2003)
Imports:
$4.08 billion f.o.b. (2003 est.)
Imports - commodities:
machinery and electrical equipment, vehicles and spare parts;
medicines, food, textiles, military goods
Imports - partners:
Portugal 18.2%, South Africa 12.4%, US 12.2%, Netherlands 11.6%,
France 6.5%, Brazil 6.1%, UK 4.2% (2003)
Reserves of foreign exchange & gold:
$638.4 million (2003)
Debt - external:
$9.164 billion (2003 est.)
Economic aid - recipient:
$383.5 million (1999)
Currency:
kwanza (AOA)
Currency code:
AOA
Exchange rates:
kwanza per US dollar - 74.6063 (2003), 43.5302 (2002), 22.0579
(2001), 10.041 (2000), 2.791 (1999), 0.393 (1998); note - in
December 1999 the kwanza was revalued with six zeroes dropped off
the old value
Fiscal year:
calendar year
Communications Angola
Telephones - main lines in use:
96,300 (2003)
Telephones - mobile cellular:
130,000 (2002)
Telephone system:
general assessment: telephone service limited mostly to government
and business use; HF radiotelephone used extensively for military
links
domestic: limited system of wire, microwave radio relay, and
tropospheric scatter
international: country code - 244; satellite earth stations - 2
Intelsat (Atlantic Ocean); fiber optic submarine cable (SAT-3/WASC)
provides connectivity to Europe and Asia
Radio broadcast stations:
AM 21, FM 6, shortwave 7 (2000)
Radios:
815,000 (2000)
Television broadcast stations:
6 (2000)
Televisions:
196,000 (2000)
Internet country code: