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Economic Problems in Angola

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Economic Problems in Angola
Economic problems in Angola

Subject: Development economics

Course work: Economic problems in Angola

2012
CONTENT

1 Angola 1 1.2 Basic information 1 1.2 History 3 1.3 Economic situation 3 2 Internal economic problems 4 2.1 Inflation 4 2. 2 GDP composition by sectors 5 2. 3 GDP Growth rate 8 3 International economic problems 10 3.1 Foreign trade problems 10 3. 2 Foreign investments to the country and depths problems 11 3. 2. 1 Foreign investments 11 3. 2. 2 Debt problems 12 3. 3 Regional participation (regional integration) 13 4 Conclusions 15 5 Sources 16

1 Angola

1.2 Basic information

Official name: REPUBLICA DE ANGOLA (Republic of Angola)
Area: 1, 25 million sq km
Population: 13 338 541 (estimate 2011)
Capital city: Luanda
Official language: Portuguese
Population below poverty line: 40.5% (2006 est.)
Currency: New kwanza
Figure 1 Flag of Angola

Source: www.unimaps.com
Republic of Angola is a state in southern Africa. It covers 1,246,700 sq km and is the seventh largest country in Africa, covering an area greater than France and Spain combined. Angola has a coastline of about 1600 km. The capital and largest city is Luanda. Angola is bounded on the north and east by the Democratic Republic of the Congo (DRC, formerly Zaire), on the east by Zambia, on the south by Namibia, and on the west by the Atlantic Ocean.
Figure 2 Map of Angola

Source: www.unimaps.com Angola is rich in mineral resources, and further geological exploration is likely to add to the list of known mineral reserves. Among the most notable resources are petroleum, diamonds, iron ore, manganese, copper, uranium, phosphates, and salt. Vegetation varies with the climate. Thick tropical rain forests are found in the north and in the Cabinda exclave. To the south the rain forests give way to savannah, lands of mixed trees and grasses,

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