Overview: Subsistence agriculture provides the main livelihood for 80-90% of the population, but accounts for only 10-20% of GDP. Oil production is the most lucrative sector of the economy, contributing about a third to GDP. In recent years, however, the impact of fighting an internal war has severely affected the economy and food has to be imported.

GDP: $4.7 billion, per capita $600; real growth rate 1-2% (1987 est.)

Inflation rate (consumer prices): NA%

Unemployment rate: NA%

Budget: revenues NA; expenditures $2.7 billion, including capital expenditures of NA (1986 est.)

Exports: $1.5 billion (f.o.b., 1986 est.); @m5commodities--oil, coffee, diamonds, sisal, fish and fish products, timber, cotton; @m5partners--US, USSR, Cuba, Portugal, Brazil

Imports: $1.1 billion (f.o.b., 1986 est.); @m5commodities--capital equipment (machinery and electrical equipment), food, vehicles and spare parts, textiles and clothing, medicines; substantial military deliveries; @m5partners--US, USSR, Cuba, Portugal, Brazil

External debt: $1.8 billion (1988)

Industrial production: growth rate NA%

Electricity: 501,000 kW capacity; 737 million kWh produced, 90 kWh per capita (1988)

Industries: petroleum, mining (phosphate rock, diamonds), fish processing, brewing, tobacco, sugar, textiles, cement, food processing, building construction

Agriculture: cash crops--coffee, sisal, corn, cotton, sugar, manioc, tobacco; food crops--cassava, corn, vegetables, plantains, bananas, and other local foodstuffs; disruptions caused by civil war and marketing deficiencies require food imports

Aid: NA

Currency: kwanza (plural--kwanza); 1 kwanza (Kz) = 100 lwei

Exchange rates: kwanza (Kz) per US$1--NA (1988), 29.92 (1987), 29.62 (1986), 29.62 (1985)

Fiscal year: calendar year

NOTE: The information regarding Angola on this page is re-published from the 1989 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Angola Economy 1989 information contained here. All suggestions for corrections of any errors about Angola Economy 1989 should be addressed to the CIA.