Economy of Angola

ANGOLA ECONOMY 

At present, Angola country  has  a strong economy, the country has  numerous natural resources such as Petroleum, uranium, diamonds, gold, iron , phosphates,  zinc, aluminum, sugar textiles and a rich fauna and flora (Africaes, 2012).

Angola economy grew rapidly with an average of 18 % to year, Angola is considered as one of the most dynamic in the world. That growth is due to  a large oil reserves that it has. The first semester of 2013 Angola produced 1.800.000 barrels of oil daily. This activity   contribute to   economy growth in other sectors such as Agriculture, Industry and services (Embassy of Angola, 2015)

 Despite having a great economy, the 54,8 % of people to Angola live in extreme poverty, because the  members of big  political  elite  catch the earnings.

Below, some important information of  Angola economy ​:

•             Coin: kwanza

•             GDP $130.4 Billon

•             Inflation 8.8 %