was established after the death of rebel leader Jonas SAVIMBI in
February 2002, but consequences from the conflict continue including
the impact of widespread land mines. 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. To fully take advantage
of its rich natural 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.
Anguilla
Anguilla has few natural resources, and the economy depends
heavily on luxury tourism, offshore banking, lobster fishing, and
remittances from emigrants. Increased activity in the tourism
industry, which has spurred the growth of the construction sector,
has contributed to economic growth. Anguillan officials have put
substantial effort into developing the offshore financial sector,
which is small, but growing. In the medium term, prospects for the
economy will depend largely on the tourism sector and, therefore, on
revived income growth in the industrialized nations as well as on
favorable weather conditions.
Antarctica
Fishing off the coast and tourism, both based abroad,
account for the limited economic activity. Antarctic fisheries in
2000-01 (1 July-30 June) reported landing 112,934 metric tons.
Unregulated fishing, particularly of Patagonian toothfish, is a
serious problem. The Convention on the Conservation of Antarctic
Marine Living Resources determines the recommended catch limits for
marine species. A total of 13,571 tourists visited in the 2002-03
antarctic summer, up from the 11,588 visitors the previous year.
Nearly all of them were passengers on commercial (nongovernmental)
ships and several yachts that make trips during the summer. Most
tourist trips last approximately two weeks.
Antigua and Barbuda
Touri
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