Angola rebuilds after years of war.

Position:Civil war affects inflation rate - Brief article

Angola's recovery from a more than a quarter century of civil war is apparently sustainable. The civil war ended in 2002, and since that time the struggling government has been able to make significant improvements. Growth has been spectacular-albeit from a very small base-with GDP growing an average of 9.5 percent from 1997 through 2006. Average annual growth for the past five years was 14.2 percent, according to International Monetary Fund (IMF) statistics. The estimates all include a soaring 27.6 estimate in GDP growth for 2006.

The government has been able to control inflation as well. The annual percent change in inflation fell from a decade high of 221.5 percent in 1997 to what the IMF estimates will be an increase of 10.5 percent in 2006.

Per capita income is also increasing. The average annual increase for 1997 through 2006 is 7.2 percent. The average jumps to 10.9 percent when only the years 2002 through 2006 are taken into consideration. The IMF says...

To continue reading

FREE SIGN UP