embassy: 1819 L Street NW, Suite 400, Washington, DC 20036
telephone: [1] (202) 785-1156
FAX: [1] (202) 785-1258

US diplomatic representation:
chief of mission: Ambassador Donald K. STEINBERG
embassy: No. 32 Rua Houari Boumedienne, Miramar, Luanda
mailing address: C.P. 6484, Luanda; American Embassy, Luanda,
Department of State, Washington, DC 20521-2550 (pouch)
telephone: [244] (2) 345-481, 346-418
FAX: [244] (2) 346-924

Flag: two equal horizontal bands of red (top) and black with a
centered yellow emblem consisting of a five-pointed star within half
a cogwheel crossed by a machete (in the style of a hammer and sickle)

Economy
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Economic overview: Angola is an economy in disarray. Despite its
abundant natural resources, output per capita is among the world's
lowest. Subsistence agriculture provides the main livelihood for
80%-90% of the population but accounts for less than 15% of GDP. Oil
production and the supporting activities are vital to the economy,
contributing about 50% to GDP. Despite the signing of a peace accord
in November 1994 between the Angola Government and the UNITA
insurgents, sporadic fighting continues and many farmers remain
reluctant to return to their fields. As a result, much of the
country's food must still be imported. To take advantage of its rich
resources - notably gold, diamonds, extensive forests, Atlantic
fisheries, and arable land, in addition to its large oil deposits -
Angola will need to observe the cease-fire, implement the peace
agreement, and reform government policies.

GDP: purchasing power parity - $7.4 billion (1995 est.)

GDP real growth rate: 4% (1995 est.)

GDP per capita: $700 (1995 est.)

GDP composition by sector:
agriculture: 12%
industry: 56%
services: 32% (1994 est.)

Inflation rate (consumer prices): 20% monthly average (1994 est.)

Labor force: 2.783 million economically active
by occupation: agriculture 85%, industry 15% (1985 est.)

Unemployment rate: 24% with extensive underemployment (1993 est.)

Budget:
revenues: $928 million
expenditures: $2.5 billion, including capital expenditures of $963
million (1992 est.)

Industries: petroleum; diamonds, iron ore, phosphates, feldspar,
bauxite, uranium, and gold; fish processing; food processing;
brewing; tobacco; sugar; textiles; cement; basic metal products

Industrial production growth rate: NA%

Electricity:
c