You are here -allRefer - Reference - Country Study & Country Guide - Angola >

allRefer Reference and Encyclopedia Resource

allRefer    
allRefer
   


-- Country Study & Guide --     

 

Angola

 
Country Guide
Afghanistan
Albania
Algeria
Angola
Armenia
Austria
Azerbaijan
Bahrain
Bangladesh
Belarus
Belize
Bhutan
Bolivia
Brazil
Bulgaria
Cambodia
Chad
Chile
China
Colombia
Caribbean Islands
Comoros
Cyprus
Czechoslovakia
Dominican Republic
Ecuador
Egypt
El Salvador
Estonia
Ethiopia
Finland
Georgia
Germany
Germany (East)
Ghana
Guyana
Haiti
Honduras
Hungary
India
Indonesia
Iran
Iraq
Israel
Cote d'Ivoire
Japan
Jordan
Kazakhstan
Kuwait
Kyrgyzstan
Latvia
Laos
Lebanon
Libya
Lithuania
Macau
Madagascar
Maldives
Mauritania
Mauritius
Mexico
Moldova
Mongolia
Nepal
Nicaragua
Nigeria
North Korea
Oman
Pakistan
Panama
Paraguay
Peru
Philippines
Poland
Portugal
Qatar
Romania
Russia
Saudi Arabia
Seychelles
Singapore
Somalia
South Africa
South Korea
Soviet Union [USSR]
Spain
Sri Lanka
Sudan
Syria
Tajikistan
Thailand
Turkmenistan
Turkey
Uganda
United Arab Emirates
Uruguay
Uzbekistan
Venezuela
Vietnam
Yugoslavia
Zaire

Angola

The Economy

[GIF]

Women cultivate a field belonging to a farmers' association.

IN 1988 OBSERVERS OFTEN mentioned Angola's need to rehabilitate and revive its economy. Since independence in 1975, most economic production had deteriorated, and the country had become almost totally dependent on the export of oil for revenues. In the wake of the war for independence, the flight of trained personnel and foreign capital had left the country without the means to continue production. Furthermore, the prolonged insurgency, which still affected much of the country in late 1988, had undermined those enterprises that were still functioning. Although the political and military situation undoubtedly contributed to these economic problems, the Angolan economy had never been very strong, and most economic successes were of recent and precarious origins.

By the late 1980s, the economic potential of Angola had not been reached. Existing transportation networks, including railroads, roads, and ports, serviced only a fraction of the traffic they were built to accommodate. Likewise, manufacturing industries, such as textiles, cement, vehicle assembly, and food processing, all operated well below their productive capacities. Moreover, vast areas that had been cultivated for both cash and subsistence crops lay idle, and Angola was forced to import food. Indeed, even the local labor force, which had worked on the large agricultural estates, was unemployed and subsisted in displacement camps or in the cities on foreign aid. The only exceptions to the general regression in productivity were in the oil, electric power, telecommunications, and air transportation industries. While these sectors were expanding, most of Angola's economic production was shrinking.

Data as of February 1989

Angola - TABLE OF CONTENTS

Angola - The Economy


Go Up - Top of Page

Make allRefer Reference your HomepageAdd allRefer Reference to your FavoritesGo to Top of PagePrint this PageSend this Page to a Friend


Information Courtesy: The Library of Congress - Country Studies


Content on this web site is provided for informational purposes only. We accept no responsibility for any loss, injury or inconvenience sustained by any person resulting from information published on this site. We encourage you to verify any critical information with the relevant authorities.

 

 

 
 


About Us | Contact Us | Terms of Use | Privacy | Links Directory
Link to allRefer | Add allRefer Search to your site

allRefer
All Rights reserved. Site best viewed in 800 x 600 resolution.