Compare Angola (2007) - Angola (2008)

Compare Angola (2007) z Angola (2008)

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	Angola (2007)	Angola (2008)

Background	Angola is rebuilding its country after the end of a 27-year civil war in 2002. Fighting between the Popular Movement for the Liberation of Angola (MPLA), led by Jose Eduardo DOS SANTOS, and the National Union for the Total Independence of Angola (UNITA), led by Jonas SAVIMBI, followed independence from Portugal in 1975. Peace seemed imminent in 1992 when Angola held national elections, but UNITA renewed fighting after being beaten by the MPLA at the polls. Up to 1.5 million lives may have been lost - and 4 million people displaced - in the quarter century of fighting. SAVIMBI's death in 2002 ended UNITA's insurgency and strengthened the MPLA's hold on power. While President DOS SANTOS had pledged to hold legislative elections in 2007, he has since announced that legislative elections will be held in 2008, with Presidential elections planned for 2009. A specific election timetable has yet to be established.	Angola is rebuilding its country after the end of a 27-year civil war in 2002. Fighting between the Popular Movement for the Liberation of Angola (MPLA), led by Jose Eduardo DOS SANTOS, and the National Union for the Total Independence of Angola (UNITA), led by Jonas SAVIMBI, followed independence from Portugal in 1975. Peace seemed imminent in 1992 when Angola held national elections, but UNITA renewed fighting after being beaten by the MPLA at the polls. Up to 1.5 million lives may have been lost - and 4 million people displaced - in the quarter century of fighting. SAVIMBI's death in 2002 ended UNITA's insurgency and strengthened the MPLA's hold on power. President DOS SANTOS has announced legislative elections will be held on September 5 and 6, 2008, with Presidential elections planned for sometime in 2009.
Budget	revenues: $14.07 billion expenditures: $10.78 billion (2006 est.)	revenues: $18.58 billion expenditures: $15.7 billion (2007 est.)
Debt - external	$10.66 billion (2006 est.)	$8.835 billion (31 December 2007 est.)
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	chief of mission: Ambassador Dan MOZENA 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
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	chief of mission: Ambassador Josefina Perpetua Pitra DIAKITE chancery: 2108 16th Street NW, Washington, DC 20009 telephone: [1] (202) 785-1156 FAX: [1] (202) 785-1258 consulate(s) general: Houston, New York
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 14% 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 most of the people, 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. This policy became more sustainable in 2005 because of strong oil export earnings; it has significantly reduced inflation. Although consumer inflation declined from 325% in 2000 to about 13% in 2006, the stabilization policy has put 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 implement government reforms 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.	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 85% of GDP. Increased oil production supported growth averaging more than 15% per year from 2004 to 2007. 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. In 2005, the government started using a $2 billion line of credit, since increased to $7 billion, from China to rebuild Angola's public infrastructure, and several large-scale projects were completed in 2006. Angola also has large credit lines from Brazil, Portugal, Germany, Spain, and the EU. The central bank in 2003 implemented an exchange rate stabilization program using foreign exchange reserves to buy kwanzas out of circulation. This policy became more sustainable in 2005 because of strong oil export earnings; it has significantly reduced inflation. Although consumer inflation declined from 325% in 2000 to under 13% in 2007, the stabilization policy has put pressure on international net liquidity. 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, somewhat less than the 2-2.5 million bbl Angola's government had wanted. To fully take advantage of its rich national resources - gold, diamonds, extensive forests, Atlantic fisheries, and large oil deposits - Angola will need to implement government reforms, increase transparency, and reduce corruption. The government has rejected a formal IMF monitored program, although it continues Article IV consultations and ad hoc cooperation. Corruption, especially in the extractive sectors, and the negative effects of "Dutch disease" produced by large inflows of foreign exchange, are major challenges facing Angola.
Exchange rates	kwanza per US dollar - 80.4 (2006), 88.6 (2005), 83.541 (2004), 74.606 (2003), 43.53 (2002)	kwanza per US dollar - 76.6 (2007), 80.4 (2006), 88.6 (2005), 83.541 (2004), 74.606 (2003)
Executive branch	chief of state: President Jose Eduardo DOS SANTOS (since 21 September 1979); note - the president is both chief of state and head of government head of government: President Jose Eduardo DOS SANTOS (since 21 September 1979); Fernando de Piedade Dias DOS SANTOS was appointed prime minister on 6 December 2002 cabinet: Council of Ministers appointed by the president elections: president elected by universal ballot for a five-year term (eligible for a second consecutive or discontinuous term) under the 1992 constitution; President DOS SANTOS originally elected (in 1979) without opposition under a one-party system and stood for reelection in Angola's first multiparty elections 29-30 September 1992 (next to be held in 2009) election results: Jose Eduardo DOS SANTOS 49.6%, Jonas SAVIMBI 40.1%, making a run-off election necessary; the run-off was not held and SAVIMBI's National Union for the Total Independence of Angola (UNITA) repudiated the results of the first election; the civil war resumed leaving DOS SANTOS in his current position as the president	chief of state: President Jose Eduardo DOS SANTOS (since 21 September 1979); note - the president is both chief of state and head of government head of government: President Jose Eduardo DOS SANTOS (since 21 September 1979); Fernando de Piedade Dias DOS SANTOS was appointed prime minister on 6 December 2002 cabinet: Council of Ministers appointed by the president elections: president elected by universal ballot for a five-year term (eligible for a second consecutive or discontinuous term) under the 1992 constitution; President DOS SANTOS originally elected (in 1979) without opposition under a one-party system and stood for reelection in Angola's first multiparty elections 29-30 September 1992 (next to be held in 2009) election results: Jose Eduardo DOS SANTOS 49.6%, Jonas SAVIMBI 40.1%, making a run-off election necessary; the run-off was not held because SAVIMBI's National Union for the Total Independence of Angola (UNITA) repudiated the results of the first election; the civil war resumed leaving DOS SANTOS in his current position as the president
Exports	NA bbl/day	1.021 million bbl/day (2004)
GDP - real growth rate	16.1% (2006 est.)	16.3% (2007 est.)
Imports	NA bbl/day	18,290 bbl/day (2004)
Industrial production growth rate	13.5% (2004)	24.4% (2007 est.)
Inflation rate (consumer prices)	13.3% (2006 est.)	12.5% (2007 est.)
International organization participation	ACP, AfDB, AU, COMESA, CPLP, FAO, G-77, IAEA, IBRD, ICAO, ICCt (signatory), ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO (correspondent), ITSO, ITU, ITUC, MIGA, NAM, OAS (observer), OPEC, SADC, UN, UNCTAD, UNESCO, UNIDO, Union Latina, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO	ACP, AfDB, AU, CPLP, FAO, G-77, IAEA, IBRD, ICAO, ICCt (signatory), ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO (correspondent), ITSO, ITU, ITUC, MIGA, NAM, OAS (observer), OPEC, SADC, UN, UNCTAD, UNESCO, UNIDO, Union Latina, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO
Labor force	6.444 million (2006 est.)	6.573 million (2007 est.)
Legal system	based on Portuguese civil law system and customary law; recently modified to accommodate political pluralism and increased use of free markets	based on Portuguese civil law system and customary law; modified to accommodate political pluralism and increased use of free markets
Pipelines	gas 235 km; liquid petroleum gas 122 km; oil 867 km; oil/gas/water 5 km (2006)	gas 234 km; liquid petroleum gas 85 km; oil 896 km; oil/gas/water 5 km (2007)
Political parties and leaders	Liberal Democratic Party or PLD [Analia de Victoria PEREIRA]; National Front for the Liberation of Angola or FNLA [Holden ROBERTO]; National Union for the Total Independence of Angola or UNITA (largest opposition party) [Isaias SAMAKUVA]; Popular Movement for the Liberation of Angola or MPLA (ruling party in power since 1975) [Jose Eduardo DOS SANTOS]; Social Renewal Party or PRS [Antonio MUACHICUNGO] note: about a dozen minor parties participated in the 1992 elections but only won a few seats; they and the other 115 smaller parties have little influence in the National Assembly	Liberal Democratic Party or PLD [Analia de Victoria PEREIRA]; National Front for the Liberation of Angola or FNLA [disputed between Ngola KABANGU and Lucas NGONDA]; National Union for the Total Independence of Angola or UNITA (largest opposition party) [Isaias SAMAKUVA]; Popular Movement for the Liberation of Angola or MPLA (ruling party in power since 1975) [Jose Eduardo DOS SANTOS]; Social Renewal Party or PRS [Eduardo KUANGANA] note: about a dozen minor parties participated in the 1992 elections but only won a few seats; they and over 100 other smaller parties have little influence in the National Assembly

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