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Angola: Staff Report for the 2004 Article IV Consultation

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  • International Monetary Fund

Abstract

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.

Suggested Citation

  • International Monetary Fund, 2005. "Angola: Staff Report for the 2004 Article IV Consultation," IMF Staff Country Reports 2005/228, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2005/228
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=18390
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    More about this item

    Keywords

    ISCR; CR; government; broad money M3; staff appraisal; M3; estimate; staff mission; staff's estimate; retail prices of petroleum product; Oil prices; Oil; gas and mining taxes; Southern Africa; Sub-Saharan Africa; Africa; Global;
    All these keywords.

    JEL classification:

    • M3 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising
    • M3 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising

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