Angola: Staff Report for the 2004 Article IV Consultation

July 6, 2005

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Angola: Staff Report for the 2004 Article IV Consultation, (USA: International Monetary Fund, 2005) accessed September 20, 2024

Summary

This 2004 Article IV Consultation highlights that Angola’s GDP grew by 11 percent in 2004, following a slowdown in growth in 2003, largely reflecting the profile of oil production, which now accounts for one-half of GDP. The economy outside the extractive sector is currently estimated to be growing by about 9 percent. Despite extensive landmines and devastated infrastructure, agricultural production has recently begun to recover. Progress on structural reform and the implementation of policies to deal systematically with poverty reduction has been limited. The state continues to exercise a heavy influence in many sectors.

Subject: Commodities, Expenditure, External debt, Oil, Oil prices, Oil, gas and mining taxes, Prices, Taxes

Keywords: Africa, Broad money M3, CR, Estimate, Gas and mining taxes, Global, Government, ISCR, M3, Oil, Oil prices, Retail prices of petroleum product, Southern Africa, Staff appraisal, Staff mission, Staff's estimate, Sub-Saharan Africa

Publication Details

Pages:

56
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/228
Stock No:

1AGOEA2005002
ISBN:

9781451800548
ISSN:

1934-7685

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