Angola is an oil-rich nation located in southern Africa, on the Atlantic coast
of Africa, and bordered by Namibia, Zambia and the Democratic Republic
of the Congo. President Jose Eduardo dos Santos’ ruling party, the People’s
Movement for the Liberation of Angola, won a further term at the
elections in August 2012, having taken 72 percent at the polls. The country
has come a long way since its civil war ended in 2002. In 10 years Angola
has managed to transform its economy into a robust system, with real
GDP estimated at 8.2 percent and 7.1 percent in 2012 and 2013
respectively. This is an impressive increase in real GDP from 3.5 percent
in 2011, due to the rise in oil prices (oil production is expected to increase
to over two million barrels a day) and the growth of 7.7 percent of other
non-oil sectors. The growth in GDP is also attributed to the start of the
Angola Liquefied Natural Gas project that will cost US$9 billion. The
economy has a huge structural dependence on oil. Angola has high levels
of inflation. In December 2011 inflation was at 11.4 percent and increased
to 11.5 percent in January 2012. The government aims to bring down the
rate to 10 percent by the end of 2012. While the Angolan economy has
grown eight fold since the end of the war, reducing poverty has been much
slower
DW Angola
Development Workshop Angola