of tourist
arrivals. Since taking office in 2004, the SPENCER government has
adopted an ambitious fiscal reform program, but will continue to be
saddled by its debt burden with a debt-to-GDP ratio exceeding 100%.

GDP (purchasing power parity):

$1.526 billion (2007 est.)

GDP (official exchange rate):

$1.089 billion (2007 est.)

GDP - real growth rate:

6.1% (2007 est.)

GDP - per capita (PPP):

$18,300 (2007 est.)

GDP - composition by sector:

agriculture: 3.8%
industry: 22%
services: 74.3% (2002 est.)

Labor force:

30,000 (1991)

Labor force - by occupation:

agriculture: 7%
industry: 11%
services: 82% (1983)

Unemployment rate:

11% (2001 est.)

Population below poverty line:

NA%

Household income or consumption by percentage share:

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

Budget:

revenues: $123.7 million
expenditures: $145.9 million (2000 est.)

Fiscal year:

1 April - 31 March

Inflation rate (consumer prices):

1.5% (2007 est.)

Central bank discount rate:

6.5% (31 December 2007)

Commercial bank prime lending rate:

10.44% (31 December 2007)

Stock of money:

$294.8 million (31 December 2007)

Stock of quasi money:

$902 million (31 December 2007)

Stock of domestic credit:

$1.002 billion (31 December 2007)

Agriculture - products:

cotton, fruits, vegetables, bananas, coconuts, cucumbers, mangoes,
sugarcane; livestock

Industries:

tourism, construction, light manufacturing (clothing, alcohol,
household appliances)

Industrial production growth rate:

NA%

Electricity - production:

105 million kWh (2006 est.)

Electricity - consumption:

97.65 million 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 (2007 est.)

Oil - consumption:

4,109 bbl/day (2006 est.)

Oil - exports:

157.7 bbl/day (2005)

Oil - imports:

4,556 bbl/day (2005)

Oil - proved reserves:

0 bbl (1 January 2006 est.)

Natural gas - production:

0 cu m (2007 est.)

Natural gas - consumption:

0 cu m (2007 est.)

Natural gas - exports:

0 cu m (2007 est.)

Natural gas - imports:

0 cu m (2007 est.)

Natural gas - proved reserves:

0 cu m (1 January 2006 est.)

Current account