vides 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.
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 who visited 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
Tourism continues to dominate the economy,
accounting for more than half of GDP. Weak tourist arrival numbers
since early 2000 have slowed the economy, however, and pressed the
government into a tight fiscal corner. The d
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