Luanda, – Angolan minister of Economy, Manuel Nunes Júnior, said Monday in Luanda that the country’s economy recorded an average growth rate of 9.6 percent between 1989 and 2007 and a 92,4 percent real growth from 2004 to 2007.

 
Manuel Júnior, who was speaking at the opening of the Angola-Netherlands Economic-Business Forum, stressed that the Angola economy is among the world’s most growing, following the consolidation of the political stability.

 
According to the minister, the results show that in four years alone, the Gross Domestic Product (GDP) has almost doubled which, he added, is remarkable, as it corresponds to an average annual real growth rate of approximately 17,8 percent.

 
He stated that Angola has been guaranteeing the national reconstruction and setting steady steps towards the macro-economic stability and development of the basis for a strong
economic development.

 
The minister asserted that the political stability and investments in the rehabilitation and modernisation of the productive infrastructures have been leading to a major flow of goods and people, increase of local and foreign private investment and alteration to the basic structures of the economy.

 
Mentioning the result of the diversification of the Angolan economy, Manuel Júnior told the Dutch business people that since 2006, the non-oil GDP has been growing at a higher pace than the oil one which, according to him, is a positive sign.

 
He also mentioned that the national currency (Kwanza) has been stable, playing more effectively its role as a trade and reserve value.

 
The minister noted that from the period of hyper-inflation of 1996 that reached an accumulated rate of 3,000 percent, the country is recording over the last few years an inflation of about 10 percent (12,2 percent in 2006, 11,79 in 2007 and 12,8 in 2008).

 
Manuel Junior assured that although affected by the world financial and economic crisis, the Angolan economy will continue to grow in 2009, within an environment of stability and with a rate above three percent (population’s growth rate).

 
To him, it is fundamental that Angola continues with its poverty and famine fight programme, through the main projects of rehabilitation of infrastructures and foment to the productive activity, coupled with institutional reforms.