Angola's Natural Resources: Oil, Diamonds, and More

Angola is exceptionally resource-rich. Its key assets include:

• Oil & Natural Gas: The backbone of the economy, ~50% of GDP and 90% of exports.
• Diamonds: World-class alluvial and kimberlite deposits; a top global producer.
• Metals & Minerals: Iron ore, copper, gold, phosphate, uranium.
• Construction Materials: Granite, marble, feldspar.
• Other: Bitumen, quartz.

Resource extraction drives the economy but also fuels corruption, inequality, and the "resource curse." Diversification remains a critical challenge.