| nomy of Angola | |
|---|---|
| Currency | Angolan kwanza (AOA) |
| Fiscal year | Calendar year |
| Trade organisations | AU, WTO |
| Statistics | |
| GDP | $99.01 billion (2010 est.) |
| GDP growth | 7.9% (2011 est.) |
| GDP per capita | $9,000 (2011 est.) |
| GDP by sector | agriculture: 9.6%; industry: 65.8%; services: 24.6% (2008 est.) |
| Inflation (CPI) | 13.3% (2010 est.) |
| Population below poverty line |
40.5% (2006 est.) |
| Labour force | 7.977 million (2010 est.) |
| Labour force by occupation |
agriculture: 85%; industry and services: 15% (2003 est.) |
| Average gross salary | 10,000 (2011) |
| Main industries | petroleum; diamonds, iron ore, phosphates, feldspar, bauxite, uranium, and gold; cement; basic metal products; fish processing; food processing, brewing, tobacco products, sugar; textiles; ship repair |
| Ease of Doing Business Rank | 172nd |
| External | |
| Exports | $51.65 billion (2010 est.) |
| Export goods | crude oil, diamonds, refined petroleum products, coffee, sisal, fish and fish products, timber, cotton |
| Main export partners | China 35.65%, United States 25.98%, France 8.83%, South Africa 4.13% (2009) |
| Imports | $18.1 billion (2010 est.) |
| Import goods | machinery and electrical equipment, vehicles and spare parts; medicines, food, textiles, military goods |
| Main import partners | Portugal 18.71%, China 17.39%, United States 8.51%, Brazil 8.22%, South Korea 6.72%, France 4.51%, Italy 4.28%, South Africa 4.02% (2009) |
| Gross external debt | $17.98 billion (31 December 2010 est.) |
| Public finances | |
| Public debt | 20.3% of GDP (2010 est.) |
| Revenues | $40.41 billion (2010 est.) |
| Expenses | $37.38 billion (2010 est.) |
| Economic aid | $383.5 million (1999[update]) |
| Foreign reserves | $16.89 billion (31 December 2010 est.) |
| Main data source: CIA World Fact Book All values, unless otherwise stated, are in US dollars | |
The Economy of Angola is one of the fastest-growing economies in the world, with the Economist asserting that for 2001 to 2010, Angolas' Annual average GDP growth was 11.1
The Economy of Angola is one of the fastest-growing economies in the world,with the Economist asserting that for 2001 to 2010, Angolas' Annual average GDP growth was 11.1 percent. It is still recovering from the Angolan Civil War that plagued Angola from independence in 1975 until 2002. Despite extensive oil and gas resources, diamonds, hydroelectric potential, and rich agricultural land, Angola remains poor, and a third of the population relies on subsistence agriculture. Since 2002, when the 27-year civil war ended, the country has worked to repair and improve ravaged infrastructure and weakened political and social institutions. High international oil prices and rising oil production have led to a very strong economic growth in recent years], but corruption and public-sector mismanagement remain, particularly in the oil sector, which accounts for over 50 percent of GDP, over 90 percent of export revenue, and over 80 percent of government revenue.
