31.1% of GDP (2007 est.)

Budget:

revenues: $588.5 billion
expenditures: $556.5 billion (2007 est.)

Fiscal year:

calendar year

Public debt:

36.2% of GDP (2007 est.)

Inflation rate (consumer prices):

2.8% (2007 est.)

Central bank discount rate:

NA

Commercial bank prime lending rate:

9.89% (31 December 2007)

Stock of money:

NA
note: see entry for the European 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

Stock of quasi money:

NA (31 December 2007)

Stock of domestic credit:

$3.177 trillion (31 December 2007)

Agriculture - products:

grain, vegetables, olives, wine grapes, sugar beets, citrus; beef,
pork, poultry, dairy products; fish

Industries:

textiles and apparel (including footwear), food and beverages,
metals and metal manufactures, chemicals, shipbuilding, automobiles,
machine tools, tourism, clay and refractory products, footwear,
pharmaceuticals, medical equipment

Industrial production growth rate:

3.1% (2007 est.)

Electricity - production:

287.4 billion kWh (2007 est.)

Electricity - consumption:

254.1 billion kWh (2006 est.)

Electricity - exports:

14.52 billion kWh (2007 est.)

Electricity - imports:

8.773 billion kWh (2007 est.)

Electricity - production by source:

fossil fuel: 50.4%
hydro: 18.2%
nuclear: 27.2%
other: 4.1% (2001)

Oil - production:

29,000 bbl/day (2007 est.)

Oil - consumption:

1.611 million bbl/day (2007 est.)

Oil - exports:

181,800 bbl/day (2005)

Oil - imports:

1.777 million bbl/day (2005)

Oil - proved reserves:

150 million bbl (1 January 2008 est.)

Natural gas - production:

88 million cu m (2007 est.)

Natural gas - consumption:

34.43 billion cu m (2007 est.)

Natural gas - exports:

0 cu m (2007 est.)

Natural gas - imports:

34.47 billion cu m (2007 est.)

Natural gas - proved reserves:

2.548 billion cu m (1 January 2008 est.)

Current account balance:

-$145.3 billion (2007 est.)

Exports:

$256.7 billion f.o.b. (2007 est.)

Exports - commodities:

machinery, motor vehicles; foodstuffs, pharmaceuticals, medicines,
other consumer goods

Exports - partners: