Ludwig von Mises Institute

Angola

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Country summary

Capital

Luanda

Borders

Democratic Republic of the Congo 2,511 km (of which 225 km is the boundary of discontiguous Cabinda Province), Republic of the Congo 201 km, Namibia 1,376 km, Zambia 1,110 km

Government type

republic; multiparty presidential regime

Population

12,799,293 (July 2010 est.)[1]

Population growth

2.095% (2010 est.)[1]

Life expectancy

38.2 years[1]

Unemployment

NA[1]

Index of Economic Freedom

154[2]

Corruption Perceptions Index

162[3]

Doing Business ranking

169[4]


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 fighting picked up again by 1996. 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 held legislative elections in September 2008 and, despite promising to hold presidential elections in 2009, has since made a presidential poll contingent on the drafting of a new constitution.[1]

Economical characteristics[edit]

  • Currency: Kwanza (ISO code: AOA)
  • Central bank discount rate: 19.57% (31 December 2008)[1]
  • Commercial banks lending rate: 12.53% (31 December 2008)[1]
  • Stock of money (M1): $8.446 billion (31 December 2008)[1]
  • Quasi money (with M1 makes M2): $10.41 billion (31 December 2008)[1]

Notable events:[edit]

Statistics[edit]

Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (million USD)[7] 6 154 9 129 8 936 11 432 13 956 19 775 30 632 45 163 59 263 84 945
Govt. debt (% of GDP)[8]
Govt. revenue (% of GDP)[9]
Govt. expenses (% of GDP)[10]
Debt to revenue (years)

References[edit]

Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Factbook. "Angola", from The World Factbook. Referenced 2010-10-01.
  2. ↑ Heritage Foundation. "Angola", Economic Freedom Score. A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-10-01.
  3. ↑ Transparency International. "Angola", Corruption Perceptions Index 2009. A lower ranking is better; but please note that the numbers cannot be compared between countries or years due to different methodology. Referenced 2010-10-01.
  4. ↑ Doing Business. "Angola", Doing Business 2010 (part of The World Bank Group). A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-10-01.
  5. ↑ Carmen M. Reinhart and Kenneth S. Rogoff. "This Time is Different", Princeton University Press, ISBN 978-0-691-14216-6, p. 348. (The list does not claim to be complete.) Referenced 2011-07-19.
  6. ↑ Carmen M. Reinhart. "This Time is Different Chartbook: Country Histories on Debt, Default, and Financial Crises" (pdf), March 3, 2010, p. 15. (The list does not claim to be complete.) Referenced 2011-07-19.
  7. ↑ World Bank. "Angola: GDP", from World Bank Data. Referenced 2010-10-01.
  8. ↑ World Bank. "Angola: government debt", from World Bank Data. Referenced 2010-10-01.
  9. ↑ World Bank. "Angola: government revenue", from World Bank Data. Referenced 2010-10-01.
  10. ↑ World Bank. "Angola: government expenses", from World Bank Data. Referenced 2010-10-01.

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