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    Angola Economy - 1990

      Overview: Subsistence agriculture provides the main livelihood for 80-90% of the population, but accounts for only 10-20% of GDP. Oil production is the most lucrative sector of the economy, contributing about 50% to GDP. In recent years, however, the impact of fighting an internal war has severely affected the economy and food has to be imported.

      GDP: $5.0 billion, per capita $600; real growth rate 9.2% (1988 est.)

      Inflation rate (consumer prices): NA%

      Unemployment rate: NA%

      Budget: revenues NA; expenditures $2.7 billion, including capital expenditures of NA (1986 est.)

      Exports: $2.9 billion (f.o.b., 1989 est.); commodities--oil, coffee, diamonds, sisal, fish and fish products, timber, cotton; partners--US, USSR, Cuba, Portugal, Brazil

      Imports: $2.5 billion (f.o.b., 1989 est.); commodities--capital equipment (machinery and electrical equipment), food, vehicles and spare parts, textiles and clothing, medicines; substantial military deliveries; partners--US, USSR, Cuba, Portugal, Brazil

      External debt: $3.0 billion (1989)

      Industrial production: growth rate NA%

      Electricity: 506,000 kW capacity; 770 million kWh produced, 90 kWh per capita (1989)

      Industries: petroleum, mining (phosphate rock, diamonds), fish processing, brewing, tobacco, sugar, textiles, cement, food processing, building construction

      Agriculture: cash crops--coffee, sisal, corn, cotton, sugar, manioc, tobacco; food crops--cassava, corn, vegetables, plantains, bananas, and other local foodstuffs; disruptions caused by civil war and marketing deficiencies require food imports

      Aid: US commitments, including Ex-Im (FY70-88), $263 million; Western (non-US) countries, ODA and OOF bilateral commitments (1970-87), $903 million; Communist countries (1970-88), $1.3 billion

      Currency: kwanza (plural--kwanza); 1 kwanza (Kz) = 100 lwei

      Exchange rates: kwanza (Kz) per US$1--29.62 (fixed rate since 1976)

      Fiscal year: calendar year

      NOTE: The information regarding Angola on this page is re-published from the 1990 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Angola Economy 1990 information contained here. All suggestions for corrections of any errors about Angola Economy 1990 should be addressed to the CIA.

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    Revised 07-Feb-03
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