Economist Intelligence Unit (EIU)
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EIU Angola

Overview

With voter registration due to end in late 2007, Angola's long-delayed legislative election is expected take place in mid-2008, to be followed by the presidential election in 2009. Given the powers of incumbency and its current political domination, the Economist Intelligence Unit expects the ruling Movimento Popular de Libertacao de Angola (MPLA) to win the legislative poll. We also expect the Angolan president, Jose Eduardo dos Santos, to stand in, and win, the presidential poll. Since oil production is set to rise strongly against a background of high oil prices, we expect strong economic growth over the forecast period, of 21.1% in 2008 and 12.9% in 2009. We expect massive government spending and buoyant domestic demand to keep inflation high, averaging 13.4% in 2008 and 14.7% in 2009.

Key Reports Available for Angola
  • Country Report
  • Country Profile
  • Country Risk Service
  • Basic Data

    Land area
    1,246,700 sq km
    Population
    17m (2007 IMF estimate)
    Main towns
    Population estimates in '000 (2008, World Gazetteer)
    Luanda (capital): 4,500
    Cabinda City: 358
    Huambo: 325
    Lubango: 245
    Lobito: 142
    Benguela: 128
    Climate
    Tropical and humid in the north, subtropical with lower rainfall in the south. Temperatures are lower and rainfall higher in the central plateau than in the coastal lowlands. The rainy season lasts from October to April; the dry season is from May to September
    Weather in Luanda (altitude sea level)
    Hottest months, February-March, average maximum temperature 28°C; coldest months, July-August, average minimum temperature 23°C. Average annual rainfall about 400 mm
    Language
    Portuguese (official), Umbundu, Kimbundu, Kikongo and other Bantu-group languages
    Measures
    Metric system
    Currency
    The kwanza (Kz). Average annual exchange rate, 2007: Kz76.7:US$1. Exchange rate on October 14th 2008: Kz74.8:US$1
    Time
    1 hour ahead of GMT
    Public holidays
    January 1st, January 4th, February 4th, March 8th, April 4th, May 1st, May 25th, June 1st, September 17th, November 1st (All Saints' Day), November 11th, December 25th
    Moveable: Good Friday, Easter Monday
    SOURCE: Country Profile


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