Angola

Wealth and National Well-Being

Country Comparisons:
2010: see chart

World Factbook: "Angola's high growth rate is driven by its oil sector, which has taken advantage of high international oil prices. Oil production and its supporting activities contribute about 85% of GDP. "

February 28, 2006: According to the BBC, Angola has a "burgeoning middle class."

Angola has been slowly rebuilding its country since the end of a 27-year civil war in 2002.

Some gain in per capita GDP for 2003 can be attributed to an end of Angola's 27-year civil war.

In 2004 Angola benefited from an increase in oil production, at 980,000 barrels per day -- about one-ninth that of Saudi Arabia. Oil production estimated for 2005: 1.6 billion barrels per day.

Figures for 2003 have 85 percent of the population depending on agriculture for their livelihood. But according to the BBC, on February 28, 2006, about one-quarter of Angola's population lives in Luanda, most of them in the city's slums.

Troubled by population pressures and overuse of pastures creating soil erosion.

Public debt
2010: 20.5% of GDP

Budget
revenues: $40.41 billion, 108.1% of expenditures ($37.38 billion), 35.4% of GDP.

External debt
Dec 31, 2010: $17.98 billion, 44.5% of revenues

Export/import ratio
2010: 285% favorable. Angola exports oil, diamonds, coffee and timber.

Angola has inadequate supplies of drinking water.

People

Living in an urban area
2010: 59%

Migration
2009: More arriving than leaving. A net gain of 0.82 persons per 1,000 population.

Ethnicities
Ovimbundu 37%t, Kimbundu 25%, Bakongo 13%, mixed European and African 2%, European 1%

Religions
1998: Roman Catholics 38%, Protestants 15%

Geography

Southern Africa bordering the South Atlantic Ocean

Government

Chief of state and head of the government is a "president" elected by the National Assembly to a five-year term and under the 2010 constitution eligible for a second consecutive or discontinuous term.

Capital: Luanda

Recent History

Angola won its independence from Portugal in 1975.

SOURCES:
http://www.cia.gov/cia/publications/factbook/