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Angola Economy
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.)
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 - production by source:
fossil fuel: 36.4%
hydro: 63.6%
other: 0% (2001)
nuclear: 0%
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)
Agriculture - products:
bananas, sugarcane, coffee, sisal, corn, cotton, manioc (tapioca), tobacco, vegetables, plantains; livestock; forest products; fish
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 48.1%, China 23.5%, Taiwan 8.1%, France 7.4% (2003 est.)
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 18.1%, South Africa 12.3%, US 12.1%, Netherlands 11.5%, France 6.5%, Brazil 6.2%, UK 4.1% (2003 est.)
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
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