The Economy of Angola is one of the fastest-growing economies in the world,[3] and the Economist said that for 2001 to 2010, Annual average GDP growth for Angola was 11.1 percent, with an average growth GDP growth of 20 percent between 2005 and 2007, whereas China was10.5 (01-10), Wikipedia. Angola is experiencing an unprecedented economic boom. In May 2008, the Organization of Petroleum Exporting countries (OPEC) confirmed Angola's oil production at 1.9 million barrels per day and this number is expected to reach 2.2 million in 2011. The growth in this industry has had substantial spillover effects, spurring investment in the financial services, construction, and agriculture sectors. According to the International Monetary Fund (IMF), Angola's GDP grew by over 20% in 2007 making it Africa's fastest growing economy and the fourth fastest in the world. New businesses are registering every day, fostered by an environment of peace and stability in the country and a new private investment law that has expanded incentives for investors. Although a majority of U.S. companies remain focused on the oil and gas sector, non-oil sectors have also seen an increased presence of U.S. companies. Coca-Cola operations continue to expand throughout the country; Barloworld markets Caterpillar machinery; the Boeing company completed a major sale of aircrafts to TAAG, the national airline; Microsoft is represented and many; other U.S. products and services are now found in Angola. As the fourth fastest growing economy in the world, without a doubt, the time to invest in Angola is now!
Facts
Angola is one of the fasted growing economies in the world. It has estimated reserves of 10 billion barrels of oil, and is the fourth largest producer of diamonds in the world; has million hectares of arable land; many valuable minerals and one of Africa's largest water reserves.
This country was once the world's fourth largest coffee producer, a major iron ore producer and an exporter off high-quality marble , food and sisal. Now, following the advent of peace, the GoA plans to restore Angola to its former position in the global economy. Inflation has been extremely stable in recent years, and continues it's downward trend while the exchange rate has stabilized.
This country was once the world's fourth largest coffee producer, a major iron ore producer and an exporter off high-quality marble , food and sisal. Now, following the advent of peace, the GoA plans to restore Angola to its former position in the global economy. Inflation has been extremely stable in recent years, and continues it's downward trend while the exchange rate has stabilized.
Oil is the country's major product and source of foreign currency.
Angola is a source of top quality gemstones.
The Lundas region is one of the most important diamond-producing areas in the world.
The country's subsoil contains 35 of the 45 most important minerals in the world trade.
Angola's fishing industry is in the process of being re-established.
Ministry of Hotel and Tourism plans to build 40-50 new hotels in Angola before 2010 when Angola hosts the African Soccer tournament.
Thanks to its extensive river systems and varied environment, Angola has enormous potential for production of tropical and subtropical crops. Angola has great hydro electrical potential for the production of tropical and subtropical crops. Angola has great hydro electrical potential with its large fast-flowing rivers. Certain regions of Angola have ideal climatic conditions for productions of high quality coffee. The unexploited forests cover 43% of Angolan territory, with particular valuable timber species in Cabinda. The extensive river system facilities transport. (http://www.us-angola.org/investinangola.html)
Angola is looks just like Brazil, I traded Brazil in 93-95, Aly khan Satchu, CEO of Rich Management
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