Angola: GDP may reach US$100 billion by 2010, World Bank says

19 December 2007

Luanda, Angola, 19 Dec – Angola’s Gross Domestic Product (GDP) could in the next three years reach US$100 billion based on the Angolan economy’s “rate of growth” the World Bank’s representative in Angola, Alberto Chueca said in Luanda.

“The country reached gigantic levels of growth, considering its GDP, and could double to reach US$100 billion by 2010. I think it is a great success,” Chueca said in an interview with radio station, Rádio Nacional de Angola.

According to Chueca, controlling inflation, international financial reserves and the growth of the economy, as well as the oil, agricultural, construction and financial services are a sign that financial management “is on a good path.”

In 2006, Angola’s GDP totaled US$44 billion, with year on year growth of 14.6 percent. (macauhub)