tural 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 further lowering inflation, 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 and 12% growth in 2004.

GDP (purchasing power parity):
$23.17 billion (2004 est.)

GDP - real growth rate:
11.7% (2004 est.)

GDP - per capita:
purchasing power parity - $2,100 (2004 est.)

GDP - composition by sector:
agriculture: 8%
industry: 67%
services: 25% (2001 est.)

Labor force:
5.41 million (2004 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 (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):
43.8% (2004 est.)

Investment (gross fixed):
34.5% of GDP (2004 est.)

Budget:
revenues: $9.013 billion
expenditures: $9.562 billion, including capital expenditures of $963
million (2004 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, ship
repair

Industrial production growth rate:
1% (2000)

Electricity - production:
1.707 billion kWh (2002)

Electricity - production by source:
fossil fuel: 36.4%
hydro: 63.6%
nuclear: 0%
other: 0% (2001)

Electricity - consumption:
1.587 billion kWh (2002)

Electricity - exports:
0 kWh (2002)

Electricity - imports:
0 kWh (2002)

Oil - production:
980,000 bbl/day (2004 est.)

Oil - consumption:
31,000 bbl/day (2001 est.)

Oil - exports:
NA

Oil - imports:
NA

Oil - proved reserves:
22.88 billion bbl (2004 est.)

Natural gas - producti