Perpetua Pitra DIAKIDI
chancery: 1615 M Street, NW, Suite 900, Washington, DC 20036
telephone: [1] (202) 785–1156
FAX: [1] (202) 785–1258
consulate(s) general: New York
Diplomatic representation from the US: chief of mission: Ambassador
Joseph G. SULLIVAN
embassy: number 32 Rua Houari Boumeddienne, Luanda
mailing address: international mail: Caixa Postal 6484, Luanda; pouch: American Embassy Luanda, Department of State, Washington, DC 20521–2550
telephone: [244] (2) 345–481, 346–418
FAX: [244] (2) 346–924
Flag description: two equal horizontal bands of red (top) and black with a centered yellow emblem consisting of a five-pointed star within half a cogwheel crossed by a machete (in the style of a hammer and sickle)
Angola Economy
Economy - overview: Angola is an economy in disarray because of a quarter century of nearly continuous warfare. Despite its abundant natural resources, output per capita is among the world's lowest. Subsistence agriculture provides the main livelihood for 85% of the population. Oil production and the supporting activities are vital to the economy, contributing about 45% to GDP and 90% of exports. Violence continues, millions of land mines remain, and many farmers are reluctant to return to their fields. As a result, much of the country's food must still be imported. To fully take advantage of its rich resources - gold, diamonds, extensive forests, Atlantic fisheries, and large oil deposits - Angola will need to end its conflict and continue reforming government policies. Despite the increase in the pace of civil warfare in late 1998, the economy grew by an estimated 5% in 2000. The government introduced new currency denominations in 1999, including 1 and 5 kwanza notes. Internal strife discourages investment outside of the petroleum sector, which is producing roughly 800,000 barrels of oil per day. Angola has entered into a Staff Monitored Program (SMP) with the IMF. Continued growth depends on sharp cuts in inflation, further economic reform, and a lessening of fighting.
GDP: purchasing power parity - $10.1 billion (2000 est.)
GDP - real growth rate: 4.9% (2000 est.)
GDP - per capita: purchasing power parity - $1,000 (2000 est.)
GDP - composition by sector: agriculture: 7%
industry: 60%
services: 33% (1999 est.)
Population below poverty line: NA%
Household income or consumption by percentage share: lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices): 325% (2000 est.)
Labor force: 5 million (1997 est.)
Labor force - by occupation: agriculture 85%, industry and services 15% (1997 est.)
Unemployment rate: extensive unemployment and underemployment affecting more than half the population (2000 est.)
Budget: revenues: $928 million
expenditures: $2.5 billion, including capital expenditures of $963 million (1992 est.)
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: NA%
Electricity - production: 1.475 billion kWh (1999)
Electricity - production by source: fossil fuel: 32.2%
hydro: 67.8%
nuclear: 0%
other: 0% (1999)
Electricity - consumption: 1.372 billion kWh (1999)
Electricity - exports: 0 kWh (1999)
Electricity - imports: 0 kWh (1999)
Agriculture - products: bananas, sugarcane, coffee, sisal, corn, cotton, manioc (tapioca), tobacco, vegetables, plantains; livestock; forest products; fish
Exports: $7.8 billion (f.o.b., 2000 est.)
Exports - commodities: crude oil 90%, diamonds, refined petroleum products, gas, coffee, sisal, fish and fish products, timber, cotton
Exports - partners: US 54%, South Korea 14%, Benelux 11%, China 7%,
Taiwan 6% (1999)
Imports: $2.5 billion (f.o.b., 2000 est.)
Imports - commodities: machinery and electrical equipment, vehicles and spare parts; medicines, food, textiles, military goods
Imports - partners: South Korea 16%, Portugal 15%, US 13%, South
Africa 10%, France 8% (1999)
Debt - external: $10.8 billion (2000 est.)
Economic aid - recipient: $493.1 million (1995)
Currency: kwanza (AOA)
Currency code: AOA
Exchange rates: kwanza per US dollar - 17,910,800 (January 2001), 10,041,000 (2000), 2,790,706 (1999), 392,824 (1998), 229,040 (1997), 128,029 (1996); note - in December 1999 the kwanza was revalued with six zeroes dropped off the old value
Fiscal year: calendar year
Angola Communications
Telephones - main lines in use: 62,000 (1997)
Telephones - mobile cellular: 7,052 (1997)
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: satellite earth stations - 2 Intelsat (Atlantic Ocean)
Radio broadcast stations: AM 34, FM 7, shortwave 9 (1999)
Radios: 630,000 (1997)
Television broadcast stations: 7 (1999)
Televisions: 150,000 (1997)
Internet country code: .ao
Internet Service Providers (ISPs): 1 (2000)
Internet users: 12,000 (1999)
