and 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 bringing inflation
down further, 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.

GDP:
purchasing power parity - $20.42 billion (2003 est.)

GDP - real growth rate:
1.5% (2003 est.)

GDP - per capita:
purchasing power parity - $1,900 (2003 est.)

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

Investment (gross fixed):
31.7% of GDP (2003)

Population below poverty line:
70% (2003 est.)

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

Inflation rate (consumer prices):
76.6% (2003 est.)

Labor force:
5.57 million (2003 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.)

Budget:
revenues: $4.874 billion
expenditures: $6.012 billion, including capital expenditures of $963
million (2003 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

Industrial production growth rate:
1% (2000)

Electricity - production:
1.45 billion kWh (2001)

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 - c