Constitution of Angola to remain president until 2022. Angola was a colony of Portugal for more than 400 years from the 15th century. Demands for independence picked up momentum during the early 1950s. The principal protagonists included the MPLA, founded in 1956, the National Front for the Liberation of Angola (FNLA), which appeared in 1961, and the UNITA, founded in 1966. After many years of conflict that weakened all of the insurgent parties, Angola gained independence on 11 November 1975, after the Carnation Revolution in Portugal overthrew the Portuguese regime headed by Marcelo Caetano. A fight for dominance broke out immediately between the
Economy of Angola Economy of Angola The Economy of Angola is one of the fastest-growing in the world, with reported annual average GDP growth of 11.1 percent from 2001 to 2010. It is still recovering from 27 years of the civil war that plagued the country from its independence in 1975 to 2002. Despite extensive oil and gas resources, diamonds, hydroelectric potential, and rich agricultural land, Angola remains poor, and a third of the population relies on subsistence agriculture. Since 2002, when the 27-year civil war ended, the nation has worked to repair and improve ravaged infrastructure and weakened political and social institutions.