chief of mission: Ambassador Edmund T. DE JARNETTE
embassy: 32 Rua Houari Boumedienne, Miramar, Luanda
mailing address: C.P. 6484, Luanda; American Embassy, Luanda,
Department of State, Washington, D.C. 20521-2550 (pouch)
telephone: [244] (2) 345-481, 346-418
FAX: [244] (2) 347-884

Flag: two equal horizontal bands of red (top) and black with a
centered yellow emblem consisting of a five-pointed star within half a
cogwheel crossed by a machete (in the style of a hammer and sickle)

@Angola:Economy

Overview: Subsistence agriculture provides the main livelihood for
80%-90% of the population but accounts for less than 15% of GDP. Oil
production is vital to the economy, contributing about 60% to GDP.
Despite the signing of a peace accord in November 1994 between the
Angola government and the UNITA insurgents, sporadic fighting
continues and many farmers remain reluctant to return to their fields.
As a result, much of the country's food requirements must still be
imported. Angola has rich natural resources - notably gold, diamonds,
and arable land, in addition to large oil deposits - but will need to
observe the cease-fire, implement the peace agreement, and reform
government policies if it is to achieve its potential.

National product: GDP - purchasing power parity - $6.1 billion (1994
est.)

National product real growth rate: -1% (1994 est.)

National product per capita: $620 (1994 est.)

Inflation rate (consumer prices): 20% average per month (1994 est.)

Unemployment rate: 15% with considerable underemployment (1993 est.)

Budget:
revenues: $928 million
expenditures: $2.5 billion, including capital expenditures of $963
million (1992 est.)

Exports: $3 billion (f.o.b., 1993 est.)
commodities: oil, diamonds, refined petroleum products, gas, coffee,
sisal, fish and fish products, timber, cotton
partners: US, France, Germany, Netherlands, Brazil

Imports: $1.6 billion (f.o.b., 1992 est.)
commodities: capital equipment (machinery and electrical equipment),
food, vehicles and spare parts, textiles and clothing, medicines,
substantial military deliveries
partners: Portugal, Brazil, US, France, Spain

External debt: $11.7 billion (1994 est.)

Industrial production: growth rate NA%; accounts for about 60% of GDP,
including petroleum output

Electricity:
capacity: 620,000 kW
production: 1.9 billion kWh
consumption per capita: 189 kWh (1993)

Industries: petr