Angola Natural Resources Exports Situation And Problems

After27years of civil war, since2002, Angola has been committed to the restoration and improvement of infrastructure, fragile political and social systems. Angola is one of the fastest developing countries in the world for ten years, according to the World Bank, from2000to2010, the average annual growth rate of Angola GDP reached11.3%. Angola has a lot of oil, natural gas, diamond and hydropower natural resources, since the end of the civil war, oil exports become the main pillar of the economy of Angola, accounting for more than90%of Angola’s total exports. The main object of Angola oil exports in2013is China, the United States, Korea, etc..Angola’s natural resource exports has several problems as follows:1) the Angolan economy is too dependent on oil exports Lead to economic instability;2) the impact of international oil prices drop;3) the serious corruption in Angola.