Diplomatic representation in the US:
chief of mission: Ambassador Josefina Perpetua Pitra DIAKITI
chancery: 2108 16th Street NW, Washington, DC 20009
telephone: [1] (202) 785-1156
FAX: [1] (202) 785-1258
consulate(s) general: Houston, New York
Diplomatic representation from the US:
chief of mission: Ambassador Cynthia EFIRD
embassy: number 32 Rua Houari Boumedienne (in the Miramar area of
Luanda), Luanda
mailing address: international mail: Caixa Postal 6468, Luanda;
pouch: US Embassy Luanda,US Department of State, 2550 Luanda Place,
Washington, DC 20521-2550
telephone: [244] (222) 64-1000
FAX: [244] (222) 64-1232
Flag description:
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)
Economy Angola
Economy - overview:
Angola's high growth rate is driven by its oil sector, with record
oil prices and rising petroleum production. Oil production and its
supporting activities contribute about half of GDP and 90% of
exports. Increased oil production supported 12% growth in 2004, 19%
growth in 2005, and nearly 17% growth in 2006. A postwar
reconstruction boom and resettlement of displaced persons has led to
high rates of growth in construction and agriculture as well. Much
of the country's infrastructure is still damaged or undeveloped from
the 27-year-long civil war. Remnants of the conflict such as
widespread land mines still mar the countryside even though an
apparently durable peace was established after the death of rebel
leader Jonas SAVIMBI in February 2002. Subsistence agriculture
provides the main livelihood for half of the population, but half of
the country's food must still be imported. In 2005, the government
started using a $2 billion line of credit from China to rebuild
Angola's public infrastructure, and several large-scale projects
were completed in 2006. The central bank in 2003 implemented an
exchange rate stabilization program using foreign exchange reserves
to buy kwanzas out of circulation, a policy that was more
sustainable in 2005 because of strong oil export earnings, and has
significantly reduced inflation. Consumer inflation declined from
325% in 2000 to about 13% in 2006, but the stabilization policy
places pressure on international net liquidity. To fully take
advantage of its rich national resources - gold, diamonds, extensive
forests, Atlantic fisheries, and large oil deposits - Angola will
need to continue reforming government policies and to reduce
corruption. The government has made little progress on reforms
recommended by the IMF such as promoting greater transparency in
government spending and continues to be without a formal monitoring
agreement with the institution. Corruption, especially in the
extractive sectors, is a major challenge facing Angola.
GDP (purchasing power parity):
$51.95 billion (2006 est.)
GDP (official exchange rate):
$28.37 billion (2006 est.)
GDP - real growth rate:
14% (2006 est.)
GDP - per capita (PPP):
$4,300 (2006 est.)
GDP - composition by sector: agriculture: 9.6% industry: 65.8% services: 24.6% (2005 est.)