Angola: Staff Report for the 2004 Article IV Consultation

IMF Staff Country Reports, July 6, 2005

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Bibliographic details

• Published: July 6, 2005
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781451800548.002

Key economic outcomes (2004)

• GDP grew by 11 percent in 2004.
• Growth followed a slowdown in 2003.
• Oil production now accounts for one-half of GDP.
• The economy outside the extractive sector is currently estimated to be growing by about 9 percent.

Sectoral developments

• Oil/extractive sector: Primary driver of overall GDP growth through 2004.
• Agriculture: Despite extensive landmines and devastated infrastructure, agricultural production has recently begun to recover.
• State role: The state continues to exercise a heavy influence in many sectors.

Structural reform and poverty policy

• Progress on structural reform has been limited.
• Implementation of policies to deal systematically with poverty reduction has been limited.

Angola: Staff Report for the 2004 Article IV Consultation (IMF Staff Country Report No. 2005/228).

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