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Home :: Trade Leads By Country : Angola



ANGOLA

Angola, Countries by TradeAngola, Countries by Trade

Introduction

It was once predicted that Angola will be ravaged by the war force but also some people said that Angola will come over and Peace will turn Angola into a tourist destination par excellence, due to the country’s potential for eco-tourism and this country has a lot of advantages to its side that make it a good destination to visit and explore especially the richness of its traditional culture, hallmarked by beautiful beaches and a wild, mountainous interior draw a lot of crowd that visits this place every year and year after year. Angolan authorities estimate that tourism revenue generated approximately US$25 million in 2001, and with the fresh opportunities now available for the development of new projects, this figure is set to climb steadily in the next few years and grow I mutliple terms that will benefit the country in a large way.


Business and Economy

Angola has been an economy in disarray because of a quarter century of nearly continuous warfare. This war fare had ravaged the country of all its resources and assets but by Gods grace this country has come over and is now some what staedy on the econmic front.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. Agriculture I this small country is the main occupation that makes the country’s GDP grow manifold and is a major contribution.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.


Major Cities

The major cities of the country are quite a few as it is a very small country where the population too is very less and numbered .The cities however are Benguela,Huambo,Lobito,Luanda,Namibe.


Fact Sheet

GDP- purchasing power parity - $20.59 billion (2003 est.)
GDP - real growth rate: 7.14% (2003 est.)
GDP - per capita: purchasing power parity - $1,900 (2003 est.)
GDP - composition by sector:
agriculture: 8%
industry: 67%
services: 25% (2001 est.)
Population below poverty line: 70% (2003 est.)
Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices): 106% (2002 est.)
Labor force: 6.23 million (2001 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 (2003 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: 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
Oil - imports: NA
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
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 41%, China 13.6%, France 7.9%, Taiwan 7.5%, Belgium 6.2%, Japan 4.9%, Spain 4.3% (2002)
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 19.2%, South Africa 14.7%, US 13.2%, Brazil 7.1%, France 6.4%, Belgium 5% (2002)
Debt - external: $9.2 billion (2003 est.)
Economic aid - recipient: $383.5 million (1999)
Currency: kwanza (AOA)
Currency code: AOA



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