telephone: [1] (202) 785-1156

FAX: [1] (202) 785-1258

consulate(s) general: New York

Diplomatic representation from the US: chief of mission: Ambassador
Joseph G. SULLIVAN

embassy: number 32 Rua Houari Boumeddienne, Luanda

mailing address: international mail: Caixa Postal 6484, Luanda;
pouch: American Embassy Luanda, Department of State, Washington, DC
20521-2550

telephone: [244] (2) 345-481, 346-418

FAX: [244] (2) 346-924

Flag description: two equal horizontal bands of red (top) and black
with a centered yellow emblem consisting of a five-pointed star
within half a cogwheel crossed by a machete (in the style of a
hammer and sickle)

Angola Economy

Economy - overview: Angola is an economy in disarray because of a
quarter century of nearly continuous warfare. Despite its abundant
natural resources, output per capita is among the world's lowest.
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 90% of exports.
Violence continues, millions of land mines remain, and many farmers
are reluctant to return to their fields. As a result, much of the
country's food must still be imported. To fully take advantage of
its rich resources - gold, diamonds, extensive forests, Atlantic
fisheries, and large oil deposits - Angola will need to end its
conflict and continue reforming government policies. Despite the
increase in the pace of civil warfare in late 1998, the economy grew
by an estimated 5% in 2000. The government introduced new currency
denominations in 1999, including 1 and 5 kwanza notes. Internal
strife discourages investment outside of the petroleum sector, which
is producing roughly 800,000 barrels of oil per day. Angola has
entered into a Staff Monitored Program (SMP) with the IMF. Continued
growth depends on sharp cuts in inflation, further economic reform,
and a lessening of fighting.

GDP: purchasing power parity - $10.1 billion (2000 est.)

GDP - real growth rate: 4.9% (2000 est.)

GDP - per capita: purchasing power parity - $1,000 (2000 est.)

GDP - composition by sector: agriculture: 7%

industry: 60%

services: 33% (1999 est.)

Population below poverty line: NA%

Household income or consumption by percentage share: lowest 10%: NA%

highest 10%: NA%

Inflation rate (consumer prices): 325% (2000 est.)

Labor force: 5 million