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Angola

Introduction to Angola

Civil war has been the norm in Angola since independence from Portugal in 1975. A 1994 peace accord between the government and the National Union for the Total Independence of Angola (UNITA) provided for the integration of former UNITA insurgents into the government and armed forces. A national unity government was installed in April of 1997, but serious fighting resumed in late 1998, rendering hundreds of thousands of people homeless. Up to 1.5 million lives may have been lost in fighting over the past quarter century. The death of insurgent leader Jonas SAVIMBI in 2002 and a subsequent cease-fire with UNITA may bode well for the country.

Government

Capital:

Luanda

Independence:

11 November 1975 (from Portugal)

National holiday:

Independence Day, 11 November (1975)

Economy

Economy overview:

Angola has been an economy in disarray because of a quarter century of nearly continuous warfare. An apparently durable peace was established after the death of rebel leader Jonas SAVIMBI on February 22, 2002, but consequences from the conflict continue including the impact of wide-spread land mines. 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 more than half of exports. Much of the country's food must still be imported. To fully 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 (2004 est.)

GDP - composition by sector:

agriculture: 8%
industry: 67%
services: 25% (2001 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

Transportation

Waterways:

1,300 km (2004)

Pipelines:

gas 214 km; liquid natural gas 14 km; liquid petroleum gas 30 km; oil 845 km; refined products 56 km (2003)

Ports and harbors:

Ambriz, Cabinda, Lobito, Luanda, Malongo, Namibe (Mocamedes), Porto Amboim, Soyo

Merchant marine:

total: 7 ships (1,000 GRT or over) 26,123 GRT/42,879 DWT
by type: cargo 6, petroleum tanker 1
registered in other countries: 4 (2003 est.)

Airports:

244 (2003 est.)

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