s, and the perception that much-needed
corporate and financial reforms had stalled. Led by consumer
spending and exports, growth in 2002 was an impressive 7%, despite
anemic global growth. Between 2003 and 2007, growth moderated to
about 4-5% annually. A downturn in consumer spending was offset by
rapid export growth. Moderate inflation, low unemployment, and an
export surplus in 2007 characterize this solid economy, but
inflation and unemployment are increasing in the face of rising oil
prices.

GDP (purchasing power parity):

$1.206 trillion (2007 est.)

GDP (official exchange rate):

$957.1 billion (2007 est.)

GDP - real growth rate:

5% (2007 est.)

GDP - per capita (PPP):

$25,000 (2007 est.)

GDP - composition by sector:

agriculture: 3%
industry: 39.4%
services: 57.6% (2007 est.)

Labor force:

24.22 million (2007 est.)

Labor force - by occupation:

agriculture: 7.5%
industry: 17.3%
services: 75.2% (2007)

Unemployment rate:

3.3% (2007 est.)

Population below poverty line:

15% (2003 est.)

Household income or consumption by percentage share:

lowest 10%: 2.9%
highest 10%: 25% (2005 est.)

Distribution of family income - Gini index:

35.1 (2006)

Investment (gross fixed):

28.8% of GDP (2007 est.)

Budget:

revenues: $262.2 billion
expenditures: $225.8 billion (2007 est.)

Fiscal year:

calendar year

Public debt:

28.2% of GDP (2007 est.)

Inflation rate (consumer prices):

2.5% (2007 est.)

Central bank discount rate:

3.25% (31 December 2007)

Commercial bank prime lending rate:

6.55% (31 December 2007)

Stock of money:

$92.59 billion (31 December 2007)

Stock of quasi money:

$541.7 billion (31 December 2007)

Stock of domestic credit:

$1.061 trillion (31 December 2007)

Agriculture - products:

rice, root crops, barley, vegetables, fruit; cattle, pigs, chickens,
milk, eggs; fish

Industries:

electronics, telecommunications, automobile production, chemicals,
shipbuilding, steel

Industrial production growth rate:

5.5% (2007 est.)

Electricity - production:

412.7 billion kWh (2007 est.)

Electricity - consumption:

368.6 billion kWh (2007)

Electricity - exports:

0 kWh (2007 est.)

Electricity - imports:

0 kWh (2007 est.)

Electricity - production by source:

fossil fuel: 62.4%
hydro: 0.8%
nuclear: 36.6%
other: 0.2% (2001)

Oil - production: