Map of Angola
FACTS AND STATISTICS - ECONOMY
On April 2000, the Government agreed a nine-month Staff Monitored Program (SMP) with the IMF, which aims to implement fiscal, monetary and structural reforms that will higher growth and reduce poverty.

MINISTER OF FINANCE:

José Pedro Morais

Official Currency: New Kwanza (NKz)
Exchange Rate (6/30/00):
US$1 = 6.05 NKz
Trading currency:
US Dollars
Gross Domestic Product (GDP) (1998E): $US 8.0 billion
Real GDP Growth Rate (1998E): 2.8% (1999E): 2.6%
Inflation Rate (1998E): 91% (1999E): 250%

Current Account Balance
(1998E):
-US$1.9 billion
(1999E): -US$1.4 billion

Demographic density:
9,6 habitants/Kmē
Demographic growth: 2,9%/year
National Debt/GDP ratio:
18%
Rate of Inflation:
30% (1997)
Public Debt/PIB:
18%
Tax of Inflation:
30% (1997)
Employment structure:
Primary sector 68.5%; Secondary 4.5%; Tertiary 26.8%

Principal exports: Crude oil, diamonds, Refined Petroleum Products, other minerals, timber, fish, coffee, cotton and sisal.

Principal imports:
Foodstuffs, beverages, plant products, electrical equipment, military equipment, vehicles and spare vehicle parts.

Main trading partners: Brazil, South Africa, Belgium, Portugal, Spain, Germany, China, France and USA .

Main Ports:
Luanda, Lobito and Namibe.

Total External Debt (2000E): US$12 billion.
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