Part 12
Legislative branch: bicameral Parliament consists of the Senate (17-member body appointed by the governor general) and the House of Representatives (17 seats; members are elected by proportional representation to serve five-year terms) elections: House of Representatives - last held 23 March 2004 (next to be held in 2009) election results: percent of vote by party - NA; seats by party - ALP 4, UPP 13
Judicial branch: Eastern Caribbean Supreme Court (based in Saint Lucia; one judge of the Supreme Court is a resident of the islands and presides over the Court of Summary Jurisdiction); member Caribbean Court of Justice
Political parties and leaders: Antigua Labor Party or ALP [Lester Bryant BIRD]; Barbudans for a Better Barbuda [Ordrick SAMUEL]; Barbuda People's Movement or BPM [Thomas H. FRANK]; Barbuda People's Movement for Change [Arthur NIBBS]; National Democratic Congress [Tillman THOMAS]; United Progressive Party or UPP [Baldwin SPENCER] (a coalition of three parties - Antigua Caribbean Liberation Movement or ACLM, Progressive Labor Movement or PLM, United National Democratic Party or UNDP)
Political pressure groups and leaders: Antigua Trades and Labor Union or ATLU [William ROBINSON]; People's Democratic Movement or PDM [Hugh MARSHALL]
International organization participation: ACP, C, Caricom, CDB, FAO, G-77, IBRD, ICAO, ICCt, ICRM, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, ISO (subscriber), ITU, ITUC, MIGA, NAM, OAS, OECS, OPANAL, OPCW, UN, UNCTAD, UNESCO, UPU, WCL, WFTU, WHO, WIPO, WMO, WTO
Diplomatic representation in the US: chief of mission: Ambassador Deborah Mae LOVELL chancery: 3216 New Mexico Avenue NW, Washington, DC 20016 telephone: [1] (202) 362-5122 FAX: [1] (202) 362-5225 consulate(s) general: Miami
Diplomatic representation from the US: the US does not have an embassy in Antigua and Barbuda; the US Ambassador to Barbados is accredited to Antigua and Barbuda
Flag description: red, with an inverted isosceles triangle based on the top edge of the flag; the triangle contains three horizontal bands of black (top), light blue, and white, with a yellow rising sun in the black band
Economy Antigua and Barbuda
Economy - overview: Tourism continues to dominate the economy, accounting for more than half of GDP. Weak tourist arrival numbers since early 2000 have slowed the economy and pressed the government into a tight fiscal corner. The dual-island nation's agricultural production is focused on the domestic market and constrained by a limited water supply and a labor shortage stemming from the lure of higher wages in tourism and construction. Manufacturing comprises enclave-type assembly for export with major products being bedding, handicrafts, and electronic components. Prospects for economic growth in the medium term will continue to depend on income growth in the industrialized world, especially in the US, which accounts for slightly more than one-third of tourist arrivals.
GDP (purchasing power parity): $750 million (2002 est.)
GDP (official exchange rate): $905 million (2005 est.)
GDP - real growth rate: 3.8% (2005 est.)
GDP - per capita (PPP): $10,900 (2005 est.)
GDP - composition by sector: agriculture: 3.8% industry: 22% services: 74.3% (2002 est.)
Labor force: 30,000
Labor force - by occupation: agriculture: 7% industry: 11% services: 82% (1983)
Unemployment rate: 11% (2001 est.)
Population below poverty line: NA%
Household income or consumption by percentage share: lowest 10%: NA% highest 10%: NA%
Inflation rate (consumer prices): 0.9% (2005 est.)
Budget: revenues: $123.7 million expenditures: $145.9 million; including capital expenditures of $NA (2000 est.)
Agriculture - products: cotton, fruits, vegetables, bananas, coconuts, cucumbers, mangoes, sugarcane; livestock
Industries: tourism, construction, light manufacturing (clothing, alcohol, household appliances)
Industrial production growth rate: NA
Electricity - production: 105 million kWh (2004)
Electricity - production by source: fossil fuel: 100% hydro: 0% nuclear: 0% other: 0% (2001)
Electricity - consumption: 97.65 million kWh (2004)
Electricity - exports: 0 kWh (2004)
Electricity - imports: 0 kWh (2004)
Oil - production: 0 bbl/day (2004)
Oil - consumption: 3,800 bbl/day (2004 est.)
Oil - exports: NA bbl/day (2001)
Oil - imports: NA bbl/day (2001)
Natural gas - production: 0 cu m (2004 est.)
Natural gas - consumption: 0 cu m (2004 est.)
Current account balance: $-83.4 million (2004)
Exports: $46.81 million (2004 est.)
Exports - commodities: petroleum products 48%, manufactures 23%, machinery and transport equipment 17%, food and live animals 4%, other 8%
Exports - partners: Spain 34%, Germany 20.7%, Italy 7.7%, Singapore 5.8%, UK 4.9% (2005)
Imports: $378 million (2004 est.)
Imports - commodities: food and live animals, machinery and transport equipment, manufactures, chemicals, oil
Imports - partners: US 21.1%, China 16.4%, Germany 13.3%, Singapore 12.7%, Spain 6.5% (2005)
Debt - external: $427.3 million; note - data are for public external debt, not total external debt (2000)
Economic aid - recipient: $1.65 million (2004)
Currency (code): East Caribbean dollar (XCD)
Currency code: XCD
Exchange rates: East Caribbean dollars per US dollar - 2.7 (2005), 2.7 (2004), 2.7 (2003), 2.7 (2002), note, fixed rate since 1976
Fiscal year: 1 April - 31 March
Communications Antigua and Barbuda
Telephones - main lines in use: 38,000 (2004)
Telephones - mobile cellular: 54,000 (2004)
Telephone system: general assessment: NA domestic: good automatic telephone system international: country code - 1-268; 1 coaxial submarine cable; satellite earth station - 2; tropospheric scatter to Saba (Netherlands Antilles) and Guadeloupe
Radio broadcast stations: AM 4, FM 2, shortwave 0 (1998)
Radios: 36,000 (1997)
Television broadcast stations: 2 (1997)
Televisions: 31,000 (1997)
Internet country code: .ag
Internet hosts: 2,231 (2006)
Internet Service Providers (ISPs): 16 (2000)
Internet users: 20,000 (2005)
Transportation Antigua and Barbuda
Airports: 3 (2006)
Airports - with paved runways: total: 2 2,438 to 3,047 m: 1 under 914 m: 1 (2006)
Airports - with unpaved runways: total: 1 under 914 m: 1 (2006)
Roadways: total: 1,165 km paved: 384 km unpaved: 781 km (2002)
Merchant marine: total: 1,011 ships (1000 GRT or over) 7,452,503 GRT/9,783,309 DWT by type: bulk carrier 40, cargo 596, chemical tanker 7, container 321, liquefied gas 11, passenger/cargo 2, petroleum tanker 1, refrigerated cargo 12, roll on/roll off 21 foreign-owned: 984 (Australia 1, Bangladesh 4, Belgium 4, Colombia 2, Denmark 14, Estonia 12, France 1, Germany 858, Iceland 8, Isle of Man 2, Latvia 5, Lebanon 1, Lithuania 3, Netherlands 14, Norway 11, NZ 1, Poland 3, Russia 6, Singapore 1, Slovenia 6, Switzerland 4, Turkey 8, UK 7, US 7, Vietnam 1) (2006)
Ports and terminals: Saint John's
Military Antigua and Barbuda
Military branches: Royal Antigua and Barbuda Defense Force (2006)
Military service age and obligation: 18 years of age (est.); no conscript military service (2001)
Manpower available for military service: males age 18-49: 18,952 females age 18-49: 18,360 (2005 est.)
Manpower fit for military service: males age 18-49: 14,859 females age 18-49: 14,947 (2005 est.)
Manpower reaching military service age annually: males age 18-49: 507 females age 18-49: 494 (2005 est.)
Military expenditures - dollar figure: NA
Military expenditures - percent of GDP: NA
Transnational Issues Antigua and Barbuda
Disputes - international: none
Illicit drugs: considered a minor transshipment point for narcotics bound for the US and Europe; more significant as an offshore financial center
This page was last updated on 8 February, 2007
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@Arctic Ocean
Background: The Arctic Ocean is the smallest of the world's five oceans (after the Pacific Ocean, Atlantic Ocean, Indian Ocean, and the recently delimited Southern Ocean). The Northwest Passage (US and Canada) and Northern Sea Route (Norway and Russia) are two important seasonal waterways. A sparse network of air, ocean, river, and land routes circumscribes the Arctic Ocean.
Geography Arctic Ocean
Location: body of water between Europe, Asia, and North America, mostly north of the Arctic Circle
Geographic coordinates: 90 00 N, 0 00 E
Map references: Arctic Region
Area: total: 14.056 million sq km note: includes Baffin Bay, Barents Sea, Beaufort Sea, Chukchi Sea, East Siberian Sea, Greenland Sea, Hudson Bay, Hudson Strait, Kara Sea, Laptev Sea, Northwest Passage, and other tributary water bodies
Area - comparative: slightly less than 1.5 times the size of the US
Coastline: 45,389 km
Climate: polar climate characterized by persistent cold and relatively narrow annual temperature ranges; winters characterized by continuous darkness, cold and stable weather conditions, and clear skies; summers characterized by continuous daylight, damp and foggy weather, and weak cyclones with rain or snow
Terrain: central surface covered by a perennial drifting polar icepack that, on average, is about 3 meters thick, although pressure ridges may be three times that thickness; clockwise drift pattern in the Beaufort Gyral Stream, but nearly straight-line movement from the New Siberian Islands (Russia) to Denmark Strait (between Greenland and Iceland); the icepack is surrounded by open seas during the summer, but more than doubles in size during the winter and extends to the encircling landmasses; the ocean floor is about 50% continental shelf (highest percentage of any ocean) with the remainder a central basin interrupted by three submarine ridges (Alpha Cordillera, Nansen Cordillera, and Lomonosov Ridge)
Elevation extremes: lowest point: Fram Basin -4,665 m highest point: sea level 0 m
Natural resources: sand and gravel aggregates, placer deposits, polymetallic nodules, oil and gas fields, fish, marine mammals (seals and whales)
Natural hazards: ice islands occasionally break away from northern Ellesmere Island; icebergs calved from glaciers in western Greenland and extreme northeastern Canada; permafrost in islands; virtually ice locked from October to June; ships subject to superstructure icing from October to May
Environment - current issues: endangered marine species include walruses and whales; fragile ecosystem slow to change and slow to recover from disruptions or damage; thinning polar icepack
Geography - note: major chokepoint is the southern Chukchi Sea (northern access to the Pacific Ocean via the Bering Strait); strategic location between North America and Russia; shortest marine link between the extremes of eastern and western Russia; floating research stations operated by the US and Russia; maximum snow cover in March or April about 20 to 50 centimeters over the frozen ocean; snow cover lasts about 10 months
Economy Arctic Ocean
Economy - overview: Economic activity is limited to the exploitation of natural resources, including petroleum, natural gas, fish, and seals.
Transportation Arctic Ocean
Ports and terminals: Churchill (Canada), Murmansk (Russia), Prudhoe Bay (US)
Transportation - note: sparse network of air, ocean, river, and land routes; the Northwest Passage (North America) and Northern Sea Route (Eurasia) are important seasonal waterways
Transnational Issues Arctic Ocean
Disputes - international: some maritime disputes (see littoral states)
This page was last updated on 8 February, 2007
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@Argentina
Introduction Argentina
Background: In 1816, the United Provinces of the Rio Plata declared their independence from Spain. Eventually, Bolivia, Paraguay, and Uruguay went their own way, but the area that remained became Argentina. The country's population and culture were subsequently heavily shaped by immigrants from throughout Europe, but most particularly Italy and Spain, which provided the largest percentage of newcomers from 1860 to 1930. Up until about the mid-20th century, much of Argentina's history was dominated by periods of internal political conflict between Federalists and Unitarians and between civilian and military factions. After World War II, an era of Peronist authoritarian rule and interference in subsequent governments was followed by a military junta that took power in 1976. Democracy returned in 1983, and has persisted despite numerous challenges, the most formidable of which was a severe economic crisis in 2001-02 that led to violent public protests and the resignation of several interim presidents. The economy has since recovered strongly since bottoming out in 2002. The government renegotiated its public debt in 2005 and paid off its remaining obligations to the IMF in early 2006.
Geography Argentina
Location: Southern South America, bordering the South Atlantic Ocean, between Chile and Uruguay
Geographic coordinates: 34 00 S, 64 00 W
Map references: South America
Area: total: 2,766,890 sq km land: 2,736,690 sq km water: 30,200 sq km
Area - comparative: slightly less than three-tenths the size of the US
Land boundaries: total: 9,861 km border countries: Bolivia 832 km, Brazil 1,261 km, Chile 5,308 km, Paraguay 1,880 km, Uruguay 580 km
Coastline: 4,989 km
Maritime claims: territorial sea: 12 nm contiguous zone: 24 nm exclusive economic zone: 200 nm continental shelf: 200 nm or to the edge of the continental margin
Climate: mostly temperate; arid in southeast; subantarctic in southwest
Terrain: rich plains of the Pampas in northern half, flat to rolling plateau of Patagonia in south, rugged Andes along western border
Elevation extremes: lowest point: Laguna del Carbon -105 m (located between Puerto San Julian and Comandante Luis Piedra Buena in the province of Santa Cruz) highest point: Cerro Aconcagua 6,960 m (located in the northwestern corner of the province of Mendoza)
Natural resources: fertile plains of the pampas, lead, zinc, tin, copper, iron ore, manganese, petroleum, uranium
Land use: arable land: 10.03% permanent crops: 0.36% other: 89.61% (2005)
Irrigated land: 15,500 sq km (2003)
Natural hazards: San Miguel de Tucuman and Mendoza areas in the Andes subject to earthquakes; pamperos are violent windstorms that can strike the pampas and northeast; heavy flooding
Environment - current issues: environmental problems (urban and rural) typical of an industrializing economy such as deforestation, soil degradation, desertification, air pollution, and water pollution note: Argentina is a world leader in setting voluntary greenhouse gas targets
Environment - international agreements: party to: Antarctic-Environmental Protocol, Antarctic-Marine Living Resources, Antarctic Seals, Antarctic Treaty, Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Environmental Modification, Hazardous Wastes, Law of the Sea, Marine Dumping, Ozone Layer Protection, Ship Pollution, Wetlands, Whaling signed, but not ratified: Marine Life Conservation
Geography - note: second-largest country in South America (after Brazil); strategic location relative to sea lanes between the South Atlantic and the South Pacific Oceans (Strait of Magellan, Beagle Channel, Drake Passage); diverse geophysical landscapes range from tropical climates in the north to tundra in the far south; Cerro Aconcagua is the Western Hemisphere's tallest mountain, while Laguna del Carbon is the lowest point in the Western Hemisphere
People Argentina
Population: 39,921,833 (July 2006 est.)
Age structure: 0-14 years: 25.2% (male 5,153,164/female 4,921,625) 15-64 years: 64.1% (male 12,804,376/female 12,798,731) 65 years and over: 10.6% (male 1,740,118/female 2,503,819) (2006 est.)
Median age: total: 29.7 years male: 28.8 years female: 30.7 years (2006 est.)
Population growth rate: 0.96% (2006 est.)
Birth rate: 16.73 births/1,000 population (2006 est.)
Death rate: 7.55 deaths/1,000 population (2006 est.)
Net migration rate: 0.4 migrant(s)/1,000 population (2006 est.)
Sex ratio: at birth: 1.05 male(s)/female under 15 years: 1.05 male(s)/female 15-64 years: 1 male(s)/female 65 years and over: 0.7 male(s)/female total population: 0.97 male(s)/female (2006 est.)
Infant mortality rate: total: 14.73 deaths/1,000 live births male: 16.58 deaths/1,000 live births female: 12.78 deaths/1,000 live births (2006 est.)
Life expectancy at birth: total population: 76.12 years male: 72.38 years female: 80.05 years (2006 est.)
Total fertility rate: 2.16 children born/woman (2006 est.)
HIV/AIDS - adult prevalence rate: 0.7% (2001 est.)
HIV/AIDS - people living with HIV/AIDS: 130,000 (2001 est.)
HIV/AIDS - deaths: 1,500 (2003 est.)
Nationality: noun: Argentine(s) adjective: Argentine
Ethnic groups: white (mostly Spanish and Italian) 97%, mestizo (mixed white and Amerindian ancestry), Amerindian, or other non-white groups 3%
Religions: nominally Roman Catholic 92% (less than 20% practicing), Protestant 2%, Jewish 2%, other 4%
Languages: Spanish (official), English, Italian, German, French
Literacy: definition: age 15 and over can read and write total population: 97.1% male: 97.1% female: 97.1% (2003 est.)
Government Argentina
Country name: conventional long form: Argentine Republic conventional short form: Argentina local long form: Republica Argentina local short form: Argentina
Government type: republic
Capital: name: Buenos Aires geographic coordinates: 34 36 S, 58 27 W time difference: UTC-3 (2 hours ahead of Washington, DC during Standard Time)
Administrative divisions: 23 provinces (provincias, singular - provincia) and 1 autonomous city* (distrito federal); Buenos Aires, Buenos Aires Capital Federal*, Catamarca, Chaco, Chubut, Cordoba, Corrientes, Entre Rios, Formosa, Jujuy, La Pampa, La Rioja, Mendoza, Misiones, Neuquen, Rio Negro, Salta, San Juan, San Luis, Santa Cruz, Santa Fe, Santiago del Estero, Tierra del Fuego - Antartida e Islas del Atlantico Sur, Tucuman note: the US does not recognize any claims to Antarctica
Independence: 9 July 1816 (from Spain)
National holiday: Revolution Day, 25 May (1810)
Constitution: 1 May 1853; revised August 1994
Legal system: mixture of US and West European legal systems; has not accepted compulsory ICJ jurisdiction
Suffrage: 18 years of age; universal and compulsory
Executive branch: chief of state: President Nestor KIRCHNER (since 25 May 2003); Vice President Daniel SCIOLI (since 25 May 2003); note - the president is both the chief of state and head of government head of government: President Nestor KIRCHNER (since 25 May 2003); Vice President Daniel SCIOLI (since 25 May 2003); note - the president is both the chief of state and head of government cabinet: Cabinet appointed by the president elections: president and vice president elected on the same ticket by popular vote for four-year terms (eligible for a second term); election last held 27 April 2003 (next election to be held in 2007) election results: results of the presidential election of 27 April 2003: Carlos Saul MENEM 24.3%, Nestor KIRCHNER 22%, Ricardo Lopez MURPHY 16.4%, Adolfo Rodriguez SAA 14.4%, Elisa CARRIO 14.2%, other 8.7%; the subsequent runoff election slated for 25 May 2003 was awarded to KIRCHNER by default after MENEM withdrew his candidacy on the eve of the election
Legislative branch: bicameral National Congress or Congreso Nacional consists of the Senate (72 seats; members are elected by direct vote; presently one-third of the members elected every two years to a six-year term) and the Chamber of Deputies (257 seats; members are elected by direct vote; one-half of the members elected every two years to a four-year term) elections: Senate - last held 23 October 2005 (next to be held in 2007); Chamber of Deputies - last held last held 23 October 2005 (next to be held in 2007) election results: Senate - percent of vote by bloc or party - FV 45.1%, FJ 17.2%, UCR 7.5%, other 30.2%; seats by bloc or party - FV 14, FJ 3, UCR 2, other 5; Chamber of Deputies - percent of vote by bloc or party - FV 29.9%, UCR 8.9%, ARI 7.2%, PJ 6.7%, PRO 6.2%, FJ 3.9%, other 37.2%; seats by bloc or party - FV 50, UCR 10, ARI 8, PJ 9, PRO 9, FJ 7, other 34
Judicial branch: Supreme Court or Corte Suprema (the nine Supreme Court judges are appointed by the president with approval by the Senate) note: the Supreme Court currently has two unfilled vacancies, and the Argentine Congress is considering a bill to reduce the number of Supreme Court judges to five
Political parties and leaders: Affirmation for an Egalitarian Republic or ARI [Elisa CARRIO]; Front for Victory or FV [Nestor KIRCHNER]; Interbloque Federal or IF (a broad coalition of approximately 12 parties including PRO); Justicialist Front or FJ [leader NA]; Justicialist Party or PJ (Peronist umbrella political organization); Radical Civic Union or UCR [Gerardo MORALES]; Republican Proposal or PRO (including Federal Recreate Movement or RECREAR [Ricardo LOPEZ MURPHY] and Commitment for Change or CPC [Mauricio MACRI]); Socialist Party or PS [Ruben GIUSTINIANI]; Union For All [Patricia BULLRICH]; several provincial parties
Political pressure groups and leaders: Argentine Association of Pharmaceutical Labs (CILFA); Argentine Industrial Union (manufacturers' association); Argentine Rural Confederation or CRA (small to medium landowners' association); Argentine Rural Society (large landowners' association); business organizations; Central of Argentine Workers or CTA (a radical union for employed and unemployed workers); General Confederation of Labor or CGT (Peronist-leaning umbrella labor organization); Peronist-dominated labor movement; Piquetero groups (popular protest organizations that can be either pro or anti-government); Roman Catholic Church; students
International organization participation: ABEDA, AfDB, Australia Group, BCIE, BIS, CAN (associate), CSN, FAO, G-6, G-15, G-24, G-77, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO, ITU, ITUC, LAES, LAIA, Mercosur, MIGA, MINURSO, MINUSTAH, NSG, OAS, OPANAL, OPCW, PCA, RG, UN, UN Security Council (temporary), UNCTAD, UNESCO, UNFICYP, UNHCR, UNIDO, UNMOVIC, UNTSO, UNWTO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO, ZC
Diplomatic representation in the US: chief of mission: Ambassador Jose Octavio BORDON chancery: 1600 New Hampshire Avenue NW, Washington, DC 20009 telephone: [1] (202) 238-6400 FAX: [1] (202) 332-3171 consulate(s) general: Atlanta, Chicago, Houston, Los Angeles, Miami, New York
Diplomatic representation from the US: chief of mission: Ambassador Earl Anthony WAYNE embassy: Avenida Colombia 4300, C1425GMN Buenos Aires mailing address: international mail: use street address; APO address: Unit 4334, APO AA 34034 telephone: [54] (11) 5777-4533 FAX: [54] (11) 5777-4240
Flag description: three equal horizontal bands of light blue (top), white, and light blue; centered in the white band is a radiant yellow sun with a human face known as the Sun of May
Economy Argentina
Economy - overview: Argentina benefits from rich natural resources, a highly literate population, an export-oriented agricultural sector, and a diversified industrial base. Although one of the world's wealthiest countries 100 years ago, Argentina suffered during most of the twentieth century from recurring economic crises, persistent fiscal and current account deficits, high inflation, mounting external debt, and capital flight. Beginning in 1998, with external debt equivalent to more than 400 percent of annual exports, economic growth slowed and ultimately fell into a full-blown depression, as investors' fears grew in the wake of Russia's debt default, political discord caused by then-President Carlos MENEM's unpopular efforts to run for a constitutionally prohibited third term, and Brazil's devaluation. The government of Fernando DE LA RUA, elected President in late 1999, tried several measures to cut the fiscal deficit and instill confidence and received large IMF credit facilities, but nothing worked to revive the economy. Depositors began withdrawing money from the banks in late 2001, and the government responded with strict limits on withdrawals. When street protests turned deadly, DE LA RUA was forced to resign in December 2001. Interim President Adolfo Rodriguez SAA declared a default, the largest in history, on Argentina's foreign debt, but he stepped down only a few days later when he failed to garner political support from the country's governors. Eduardo DUHALDE became President in January 2002 and announced an end to the peso's decade-long 1-to-1 peg to the US dollar. When the peso depreciated and inflation rose, DUHALDE's government froze utility tariffs indefinitely, curtailed creditors' rights, and imposed high taxes on exports. The economy rebounded strongly from the crisis, inflation started falling, and DUHALDE called for special elections. Nestor KIRCHNER was elected President, taking office in May 2003, and continued the restrictions imposed by DUHALDE. With the reemergence of double-digit inflation in 2005, the KIRCHNER administration pressured businesses into a series of agreements to hold down prices. The government also restructured its defaulted debt in 2005, convincing most bondholders to accept a large cut on the value of their holdings, and paid off its IMF obligations from reserves in full in early 2006, both of which have reduced Argentina's external debt burden. Real GDP has continued growing strongly, averaging 9 percent during the period 2003-2006, bolstering government revenues and keeping the fiscal accounts-a key vulnerability in the past-in surplus.
GDP (purchasing power parity): $599.1 billion (2006 est.)
GDP (official exchange rate): $210 billion (2006 est.)
GDP - real growth rate: 8.5% (2006 est.)
GDP - per capita (PPP): $15,000 (2006 est.)
GDP - composition by sector: agriculture: 9.5% industry: 35.8% services: 54.7% (2005 est.)
Labor force: 15.35 million (2006 est.)
Labor force - by occupation: agriculture: NA% industry: NA% services: NA%
Unemployment rate: 10.2% (3rd quarter)
Population below poverty line: 31.4% (June 2006)
Household income or consumption by percentage share: lowest 10%: 1% highest 10%: 35%
Distribution of family income - Gini index: 48.3 (June 2006)
Inflation rate (consumer prices): 10% (November 2006 est.)
Investment (gross fixed): 22.6% of GDP (2006 est.)
Budget: revenues: $52.1 billion expenditures: $47.6 billion; including capital expenditures of $5.4 billion (2006 est.)
Public debt: 62.2% of GDP (2006 est.)
Agriculture - products: sunflower seeds, lemons, soybeans, grapes, corn, tobacco, peanuts, tea, wheat; livestock
Industries: food processing, motor vehicles, consumer durables, textiles, chemicals and petrochemicals, printing, metallurgy, steel
Industrial production growth rate: 8.2% (2006 est.)
Electricity - production: 93.94 billion kWh (2004)