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GDP:
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purchasing power parity - $20.42 billion (2003 est.)
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GDP - real growth rate:
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1.5% (2003 est.)
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GDP - per capita:
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purchasing power parity - $1,900 (2003 est.)
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GDP - composition by sector:
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agriculture: 8%
industry: 67%
services: 25% (2001 est.)
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Investment (gross fixed):
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31.7% of GDP (2003)
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Population below poverty line:
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70% (2003 est.)
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Household income or consumption by percentage share:
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lowest 10%: NA
highest 10%: NA
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Inflation rate (consumer prices):
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76.6% (2003 est.)
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Labor force:
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5.57 million (2003 est.)
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Labor force - by occupation:
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agriculture 85%, industry and services 15% (2003 est.)
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Unemployment rate:
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extensive unemployment and underemployment affecting more than half the population (2001 est.)
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Budget:
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revenues: $4.874 billion
expenditures: $6.012 billion, including capital expenditures of $963 million (2003 est.)
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Industries:
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petroleum; diamonds, iron ore, phosphates, feldspar, bauxite, uranium, and gold; cement; basic metal products; fish processing; food processing; brewing; tobacco products; sugar; textiles
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Industrial production growth rate:
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1% (2000)
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Electricity - production:
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1.45 billion kWh (2001)
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Electricity - production by source:
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fossil fuel: 36.4%
hydro: 63.6%
other: 0% (2001)
nuclear: 0%
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Electricity - consumption:
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1.348 billion kWh (2001)
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Electricity - exports:
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0 kWh (2001)
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Electricity - imports:
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0 kWh (2001)
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Oil - production:
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742,400 bbl/day (2001 est.)
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Oil - consumption:
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31,000 bbl/day (2001 est.)
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Oil - exports:
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NA (2001)
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Oil - imports:
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NA (2001)
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Oil - proved reserves:
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5.691 billion bbl (1 January 2002)
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Natural gas - production:
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530 million cu m (2001 est.)
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Natural gas - consumption:
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530 million cu m (2001 est.)
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Natural gas - exports:
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0 cu m (2001 est.)
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Natural gas - imports:
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0 cu m (2001 est.)
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Natural gas - proved reserves:
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79.57 billion cu m (1 January 2002)
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Agriculture - products:
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bananas, sugarcane, coffee, sisal, corn, cotton, manioc (tapioca), tobacco, vegetables, plantains; livestock; forest products; fish
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Current account balance:
|
$-475 million (2003)
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Exports:
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$9.669 billion f.o.b. (2003 est.)
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Exports - commodities:
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crude oil, diamonds, refined petroleum products, gas, coffee, sisal, fish and fish products, timber, cotton
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Exports - partners:
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US 48.1%, China 23.5%, Taiwan 8.1%, France 7.4% (2003 est.)
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Imports:
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$4.08 billion f.o.b. (2003 est.)
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Imports - commodities:
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machinery and electrical equipment, vehicles and spare parts; medicines, food, textiles, military goods
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Imports - partners:
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Portugal 18.1%, South Africa 12.3%, US 12.1%, Netherlands 11.5%, France 6.5%, Brazil 6.2%, UK 4.1% (2003 est.)
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Reserves of foreign exchange & gold:
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$638.4 million (2003)
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Debt - external:
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$9.164 billion (2003 est.)
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Economic aid - recipient:
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$383.5 million (1999)
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Currency:
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kwanza (AOA)
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Currency code:
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AOA
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Exchange rates:
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kwanza per US dollar - 74.6063 (2003), 43.5302 (2002), 22.0579 (2001), 10.041 (2000), 2.791 (1999), 0.393 (1998); note - in December 1999 the kwanza was revalued with six zeroes dropped off the old value
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