Does Angola have a good or bad economy?

Answer 1

Angola's economy has been characterized by significant fluctuations, heavily reliant on oil exports, which account for a large portion of its GDP. While the country experienced rapid growth in the early 2000s due to rising oil prices, it has faced challenges like economic mismanagement, corruption, and a lack of diversification. Recent years have seen efforts to diversify the economy and improve infrastructure, but high unemployment and poverty levels remain persistent issues. Overall, the assessment of Angola's economy varies, with potential for growth tempered by ongoing structural challenges.