past three
years, Algeria's finances have further benefited from substantial
trade surpluses and record foreign exchange reserves. Real GDP has
risen due to higher oil output and increased government spending.
The government's continued efforts to diversify the economy by
attracting foreign and domestic investment outside the energy
sector, however, has had little success in reducing high
unemployment and improving living standards. Structural reform
within the economy moves ahead slowly.

American Samoa
This is a traditional Polynesian economy in which
more than 90% of the land is communally owned. Economic activity is
strongly linked to the US, with which American Samoa conducts most
of its foreign trade. Tuna fishing and tuna processing plants are
the backbone of the private sector, with canned tuna the primary
export. Transfers from the US Government add substantially to
American Samoa's economic well-being. Attempts by the government to
develop a larger and broader economy are restrained by Samoa's
remote location, its limited transportation, and its devastating
hurricanes. Tourism is a promising developing sector.

Andorra
Tourism, the mainstay of Andorra's tiny, well-to-do economy,
accounts for roughly 80% of GDP. An estimated 9 million tourists
visit annually, attracted by Andorra's duty-free status and by its
summer and winter resorts. Andorra's comparative advantage has
recently eroded as the economies of neighboring France and Spain
have been opened up, providing broader availability of goods and
lower tariffs. The banking sector, with its "tax haven" status, also
contributes substantially to the economy. Agricultural production is
limited - only 2% of the land is arable - and most food has to be
imported. The principal livestock activity is sheep raising.
Manufacturing output consists mainly of cigarettes, cigars, and
furniture. Andorra is a member of the EU Customs Union and is
treated as an EU member for trade in manufactured goods (no tariffs)
and as a non-EU member for agricultural products.

Angola
Angola has been an economy in disarray because of a quarter
century of nearly continuous warfare. 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. Subsistence
agriculture pro