Part 21

International organization participation: ACP, AfDB, CCC, CEEAC (observer), ECA, FAO, G-77, IBRD, ICAO, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Intelsat, Interpol, IOC, IOM, ITU, NAM, OAS (observer), OAU, SADC, UN, UNCTAD, UNESCO, UNIDO, UPU, WCL, WFTU, WHO, WIPO, WMO, WToO

Diplomatic representation in US: chief of mission: Ambassador Antonio dos Santos FRANCA "N'dalu" embassy: 1819 L Street NW, Suite 400, Washington, DC 20036 telephone: (202) 785-1156 FAX: (202) 785-1258

US diplomatic representation: chief of mission: Ambassador Donald K. STEINBERG embassy: No. 32 Rua Houari Boumedienne, Miramar, Luanda mailing address: C.P. 6484, Luanda; American Embassy, Luanda, Department of State, Washington, DC 20521-2550 (pouch) telephone: (2) 345-481, 346-418 FAX: (2) 346-924

Flag: two equal horizontal bands of red (top) and black with a centered yellow emblem consisting of a five-pointed star within half a cogwheel crossed by a machete (in the style of a hammer and sickle)

Economy -------

Economic overview: Angola is an economy in disarray. Despite its abundant natural resources, output per capita is among the world's lowest. Subsistence agriculture provides the main livelihood for 80%-90% of the population but accounts for less than 15% of GDP. Oil production and the supporting activities are vital to the economy, contributing about 50% to GDP. Despite the signing of a peace accord in November 1994 between the Angola Government and the UNITA insurgents, sporadic fighting continues and many farmers remain reluctant to return to their fields. As a result, much of the country's food must still be imported. To take advantage of its rich resources - notably gold, diamonds, extensive forests, Atlantic fisheries, and arable land, in addition to its large oil deposits - Angola will need to observe the cease-fire, implement the peace agreement, and reform government policies.

GDP: purchasing power parity - $7.4 billion (1995 est.)

GDP real growth rate: 4% (1995 est.)

GDP per capita: $700 (1995 est.)

GDP composition by sector: agriculture: 12% industry: 56% services: 32% (1994 est.)

Inflation rate (consumer prices): 20% monthly average (1994 est.)

Labor force: 2.783 million economically active by occupation: agriculture 85%, industry 15% (1985 est.)

Unemployment rate: 24% with extensive underemployment (1993 est.)

Budget: revenues: $928 million expenditures: $2.5 billion, including capital expenditures of $963 million (1992 est.)

Industries: petroleum; diamonds, iron ore, phosphates, feldspar, bauxite, uranium, and gold; fish processing; food processing; brewing; tobacco; sugar; textiles; cement; basic metal products

Industrial production growth rate: NA%

Electricity: capacity: 620,000 kW production: 1.9 billion kWh consumption per capita: 189 kWh (1993)

Agriculture: bananas, sugarcane, coffee, sisal, corn, cotton, manioc (tapioca), tobacco, vegetables, plantains; livestock; forest products; fish

Illicit drugs: increasingly used as a transshipment point for cocaine and heroin destined for Western Europe and other African states

Exports: $3 billion (f.o.b., 1993 est.) commodities: oil, diamonds, refined petroleum products, gas, coffee, sisal, fish and fish products, timber, cotton partners: US, France, Germany, Netherlands, Brazil

Imports: $1.6 billion (f.o.b., 1992 est.) commodities: capital equipment (machinery and electrical equipment), food, vehicles and spare parts, textiles and clothing, medicines, substantial military deliveries partners: Portugal, Brazil, US, France, Spain

External debt: $12 billion (1995 est.)

Economic aid: recipient: ODA, $189 million (1993)

Currency: 1 new kwanza (NKz) = 100 lwei

Exchange rates: new kwanza (NKz) per US$1 - 900,000 (official rate 25 April 1995), 1,900,000 (black market rate 6 April 1995), 600,000 (official rate 10 January 1995), 90,000 (official rate 1 June 1994), 180,000 (black market rate 1 June 1994); 7,000 (official rate 16 December 1993), 50,000 (black market rate 16 December 1993); 3,884 (July 1993); 550 (April 1992); 90 (November 1991); 60 (October 1990)

Fiscal year: calendar year

Transportation --------------

Railways: total: 2,952 km (1995 est.); note - limited trackage in use because of landmines still in place from the civil war narrow gauge: 2,798 km 1.067-m gauge; 154 km 0.600-m gauge