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was slashed by up to 50% in 1997. Despite problems with drought, the year 1998 saw a small recovery in GDP. GDP: purchasing power parity--$11.1 billion (1998 est.) GDP--real growth rate: 1.6% (1998 est.) GDP--per capita: purchasing power parity?$2,400 (1998 est.) GDP--composition by sector: agriculture: 28.2% industry: 34.5% services: 37.3% (1997 est.) Population below poverty line: NA% Household income or consumption by percentage share: lowest 10%: 1.7% highest 10%: 40.5% (1996) Inflation rate (consumer prices): 12% (FY97/98 est.) Labor force: 1.941 million Labor force--by occupation: agriculture 64% (1993 est.) Unemployment rate: NA% Budget: revenues: $1.5 billion expenditures: $1.35 billion, including capital expenditures of $NA (1997 est.) Industries: copra crushing, palm oil processing, plywood production, wood chip production; mining of gold, silver, and copper; crude oil production; construction, tourism Industrial production growth rate: NA% Electricity--production: 1.7 billion kWh (1996) Electricity--production by source: fossil fuel: 70.59% hydro: 29.41% nuclear: 0% other: 0% (1996) Electricity--consumption: 1.7 billion kWh (1996) Electricity--exports: 0 kWh (1996) Electricity--imports: 0 kWh (1996) Agriculture--products: coffee, cocoa, coconuts, palm kernels, tea, rubber, sweet potatoes, fruit, vegetables; poultry, pork Exports: $2.2 billion (f.o.b., 1997) Exports--commodities: gold, copper ore, oil, logs, palm oil, coffee, cocoa, crayfish and prawns Exports--partners: Australia, Japan, Germany, UK, South Korea, China Imports: $1.5 billion (c.i.f., 1997) Imports--commodities: machinery and transport equipment, manufactured goods, food, fuels, chemicals Imports--partners: Australia, Singapore, Japan, US, New Zealand, Malaysia Debt--external: $3.2 billion (1995) Economic aid--recipient: $376.3 million (1995) Currency: 1 kina (K) = 100 toea Exchange rates: kina (K) per US$1--0.47 (December 1998), 0.6975 (1997), 0.7588 (1996), 0.7835 (1995), 0.9950 (1994); note--the government floated the kina on 10 October 1994 Fiscal year: calendar year Communications Telephones: 63,212 (1986 est.) Telephone system: services are adequate and being improved; facilities provide radiotelephone and telegraph, coastal radio, aeronautical radio, and international radio communication services
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