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Angola's high growth rate in recent years was driven by its oil sector, and high international oil prices. Oil production and its supporting activities contribute about 85% of GDP. Increased oil production supported growth averaging more than 15% per year from 2004 to 2007. The global recession and lower prices led to a contraction in GDP in 2009. 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 most of the people, but half of the country's food must still be imported. Since 2005, the government has used billions of dollars in credit lines from China, Brazil, Portugal, Germany, Spain, and the EU to rebuild Angola's public infrastructure. Although consumer inflation declined from 325% in 2000 to under 13% in 2008, the stabilization policy proved unsustainable and Angola abandoned its currency peg in 2009. Angola became a member of OPEC in late 2006 and in late 2007 was assigned a production quota of 1.9 million barrels a day (bbl), somewhat less than the 2-2.5 million bbl Angola's government had wanted. In November 2009 the IMF announced its approval of Luanda's request for a Stand-By Arrangement; the loan of $1.4 billion aims to rebuild Angola's international reserves. Corruption, especially in the extractive sectors, is a major challenge.
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$107 billion (2009 est.)
country comparison to the world: 66
$107.3 billion (2008 est.)
$94.61 billion (2007 est.)
note:
data are in 2009 US dollars
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$68.76 billion (2009 est.)
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-0.3% (2009 est.)
country comparison to the world: 115
13.4% (2008 est.)
21.1% (2007 est.)
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$8,400 (2009 est.)
country comparison to the world: 115
$8,600 (2008 est.)
$7,700 (2007 est.)
note:
data are in 2009 US dollars
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agriculture: 9.6%
industry:
65.8%
services:
24.6% (2008 est.)
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7.769 million (2009 est.)
country comparison to the world: 56
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agriculture: 85%
industry and services:
15% (2003 est.)
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NA
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40.5% (2006 est.)
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lowest 10%: 0.6%
highest 10%:
44.7%
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15.6% of GDP (2009 est.)
country comparison to the world: 130
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revenues: $34.02 billion
expenditures:
$32.47 billion (2009 est.)
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22.1% of GDP (2009 est.)
country comparison to the world: 101
17.8% of GDP (2008 est.)
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13.8% (2009 est.)
country comparison to the world: 214
12.5% (2008 est.)
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19.57% (31 December 2008)
country comparison to the world: 10
19.57% (31 December 2007)
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12.53% (31 December 2008)
country comparison to the world: 27
17.7% (31 December 2007)
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$8.446 billion (31 December 2008)
country comparison to the world: 57
$4.153 billion (31 December 2007)
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$10.41 billion (31 December 2008)
country comparison to the world: 63
$7.216 billion (31 December 2007)
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$7.893 billion (31 December 2008)
country comparison to the world: 82
$1.166 billion (31 December 2007)
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bananas, sugarcane, coffee, sisal, corn, cotton, manioc (tapioca), tobacco, vegetables, plantains; livestock; forest products; fish
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petroleum; diamonds, iron ore, phosphates, feldspar, bauxite, uranium, and gold; cement; basic metal products; fish processing; food processing, brewing, tobacco products, sugar; textiles; ship repair
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-1.8% (2009 est.)
country comparison to the world: 86
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3.722 billion kWh (2007 est.)
country comparison to the world: 119
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3.173 billion kWh (2007 est.)
country comparison to the world: 125
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0 kWh (2008 est.)
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0 kWh (2008 est.)
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1.948 million bbl/day (2009 est.)
country comparison to the world: 17
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70,000 bbl/day (2009 est.)
country comparison to the world: 90
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1.407 million bbl/day (2007 est.)
country comparison to the world: 17
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28,090 bbl/day (2007 est.)
country comparison to the world: 102
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9.04 billion bbl (1 January 2009 est.)
country comparison to the world: 18
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680 million cu m (2008 est.)
country comparison to the world: 65
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680 million cu m (2008 est.)
country comparison to the world: 92
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0 cu m (2008 est.)
country comparison to the world: 206
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0 cu m (2008 est.)
country comparison to the world: 205
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269.8 billion cu m (1 January 2009 est.)
country comparison to the world: 42
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-$1.429 billion (2009 est.)
country comparison to the world: 140
$6.408 billion (2008 est.)
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$40.65 billion (2009 est.)
country comparison to the world: 53
$63.91 billion (2008 est.)
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crude oil, diamonds, refined petroleum products, coffee, sisal, fish and fish products, timber, cotton
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China 35.65%, US 25.98%, France 8.83%, South Africa 4.13% (2009)
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$15.74 billion (2009 est.)
country comparison to the world: 76
$20.98 billion (2008 est.)
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machinery and electrical equipment, vehicles and spare parts; medicines, food, textiles, military goods
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Portugal 18.71%, China 17.39%, US 8.51%, Brazil 8.22%, South Korea 6.72%, France 4.51%, Italy 4.28%, South Africa 4.02% (2009)
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$13.64 billion (31 December 2009 est.)
country comparison to the world: 63
$17.87 billion (31 December 2008 est.)
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$12.83 billion (31 December 2009 est.)
country comparison to the world: 74
$14.09 billion (31 December 2008 est.)
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$73.62 billion (31 December 2009 est.)
country comparison to the world: 43
$65.75 billion (31 December 2008 est.)
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$5.015 billion (31 December 2009 est.)
country comparison to the world: 59
$3.865 billion (31 December 2008 est.)
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kwanza (AOA) per US dollar - 77.17 (2009), 75.023 (2008), 76.6 (2007), 80.4 (2006), 88.6 (2005)
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