over the past decade, the Republic of Angola has emerged as the fastest-growing economy in the world. Registering an impressive annual GDP growth of 11.5% for the period 2000-2010, Angola trumped even the much-vaunted BRICs and emerging Asian economies to claim the top spot in an analysis published by The Economist. This result comes in spite of a flatlining in Angola's 2009 GDP, due to the republic's heavy dependence on oil revenues as global petroleum prices fell sharply. Nevertheless, the Angolan economy rebounded in 2010 and last year's GDP reached 5.9%.
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