ent years and the central bank raised its key rate 13
times since January 2004 to finish 2007 at 8.25%. A large balance of
payments deficit poses another challenge in managing the economy.

GDP (purchasing power parity):

$112.4 billion (2007 est.)

GDP (official exchange rate):

$128.1 billion (2007 est.)

GDP - real growth rate:

3.1% (2007 est.)

GDP - per capita (PPP):

$27,200 (2007 est.)

GDP - composition by sector:

agriculture: 4.5%
industry: 26.2%
services: 69.3% (2007 est.)

Labor force:

2.236 million (2007 est.)

Labor force - by occupation:

agriculture: 7%
industry: 19%
services: 74% (2006 est.)

Unemployment rate:

3.6% (2007 est.)

Population below poverty line:

NA%

Household income or consumption by percentage share:

lowest 10%: %NA
highest 10%: %NA

Distribution of family income - Gini index:

36.2 (1997)

Investment (gross fixed):

23.3% of GDP (2007 est.)

Budget:

revenues: $58.31 billion
expenditures: $53.5 billion (2007 est.)

Fiscal year:

1 April - 31 March
note: this is the fiscal year for tax purposes

Public debt:

20.7% of GDP (2007 est.)

Inflation rate (consumer prices):

2.4% (2007 est.)

Central bank discount rate:

8.25% (31 December 2007)

Commercial bank prime lending rate:

12.83% (31 December 2007)

Stock of money:

$24.2 billion (31 December 2007)

Stock of quasi money:

$117.8 billion (31 December 2007)

Stock of domestic credit:

$200.1 billion (31 December 2007)

Agriculture - products:

dairy products, lamb and mutton; wheat, barley, potatoes, pulses,
fruits, vegetables; wool, beef; fish

Industries:

food processing, wood and paper products, textiles, machinery,
transportation equipment, banking and insurance, tourism, mining

Industrial production growth rate:

1.5% (2007 est.)

Electricity - production:

42.41 billion kWh (2007 est.)

Electricity - consumption:

38.93 billion kWh (2006 est.)

Electricity - exports:

0 kWh (2007 est.)

Electricity - imports:

0 kWh (2007 est.)

Electricity - production by source:

fossil fuel: 31.6%
hydro: 57.8%
nuclear: 0%
other: 10.7% (2001)

Oil - production:

47,850 bbl/day (2007 est.)

Oil - consumption:

158,400 bbl/day (2007 est.)

Oil - exports:

14,570 bbl/day (2005)

Oil - imports:

137,300 bbl/day (2005)

Oil - proved reserves:

55 million bbl (1 Jan