opean Union for money supply in the Euro
Area; the European Central Bank (ECB) controls monetary policy for
the 15 members of the Economic and Monetary Union (EMU); individual
members of the EMU do not control the quantity of money and quasi
money circulating within their own borders (31 December 2007)

Stock of quasi money:

$43.93 billion (31 December 2007)

Stock of domestic credit:

$52.09 billion (31 December 2007)

Agriculture - products:

citrus, vegetables, barley, grapes, olives, vegetables; poultry,
pork, lamb; dairy, cheese

Industries:

tourism, food and beverage processing, cement and gypsum production,
ship repair and refurbishment, textiles, light chemicals, metal
products, wood, paper, stone, and clay products

Industrial production growth rate:

3.8% (2007 est.)

Electricity - production:

4.52 billion kWh (2007 est.)

Electricity - consumption:

4.151 billion kWh (2006 est.)

Electricity - exports:

0 kWh (2007 est.)

Electricity - imports:

0 kWh (2007 est.)

Electricity - production by source:

fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (2001)

Oil - production:

0 bbl/day (2008 est.)

Oil - consumption:

57,830 bbl/day (2006 est.)

Oil - exports:

0 bbl/day (2005)

Oil - imports:

55,970 bbl/day (2005)

Oil - proved reserves:

NA

Natural gas - production:

0 cu m (2007 est.)

Natural gas - consumption:

NA

Natural gas - exports:

0 cu m (2007 est.)

Natural gas - imports:

NA

Natural gas - proved reserves:

0 cu m (1 January 2006)

Current account balance:

-$2.144 billion (2007 est.)

Exports:

$1.495 billion f.o.b. (2007 est.)

Exports - commodities:

citrus, potatoes, pharmaceuticals, cement, and clothing

Exports - partners:

Greece 21.1%, UK 14.3%, Germany 6.6% (2007)

Imports:

$7.84 billion f.o.b. (2007 est.)

Imports - commodities:

consumer goods, petroleum and lubricants, intermediate goods,
machinery, transport equipment

Imports - partners:

Greece 17.7%, Italy 10.2%, UK 9.6%, Germany 9.4%, Israel 6.5%,
France 5.4%, China 5.3%, Netherlands 4.1% (2007)

Economic aid - donor:

$25.9 million (2006)

Economic aid - recipient:

$15 million (2006)

Reserves of foreign exchange and gold:

$6.507 billion (31 December 2007 est.)

Debt - external:

$26.97 billion (31 December 2007 est.)

Stock of direct foreign investment - a