euro. The new
government has also announced its intention to enact
business-friendly reforms, reduce public sector spending growth,
lower taxes, and accelerate privatization. However, the government
does not have the necessary three-fifths majority needed to override
a presidential veto, and thus may have to water down initiatives in
order to garner enough support to pass its pro-business policies.

GDP (purchasing power parity):

$623.1 billion (2007 est.)

GDP (official exchange rate):

$420.3 billion (2007 est.)

GDP - real growth rate:

6.6% (2007 est.)

GDP - per capita (PPP):

$16,200 (2007 est.)

GDP - composition by sector:

agriculture: 4.1%
industry: 31.6%
services: 64.4% (2007 est.)

Labor force:

16.86 million (2007 est.)

Labor force - by occupation:

agriculture: 16.1%
industry: 29%
services: 54.9% (2002)

Unemployment rate:

12.8% (2007 est.)

Population below poverty line:

17% (2003 est.)

Household income or consumption by percentage share:

lowest 10%: 3.1%
highest 10%: 27% (2002)

Distribution of family income - Gini index:

36 (2005)

Investment (gross fixed):

21.7% of GDP (2007 est.)

Budget:

revenues: $85.39 billion
expenditures: $91.16 billion (2007 est.)

Fiscal year:

calendar year

Public debt:

43.1% of GDP (2007 est.)

Inflation rate (consumer prices):

2.5% (2007 est.)

Central bank discount rate:

5% (31 December 2007)

Commercial bank prime lending rate:

5.48% (31 December 2006)

Stock of money:

$137.4 billion (31 December 2007)

Stock of quasi money:

$93.99 billion (31 December 2007)

Stock of domestic credit:

$223.2 billion (31 December 2007)

Agriculture - products:

potatoes, fruits, vegetables, wheat; poultry, eggs, pork, dairy

Industries:

machine building, iron and steel, coal mining, chemicals,
shipbuilding, food processing, glass, beverages, textiles

Industrial production growth rate:

8.9% (2007 est.)

Electricity - production:

149.3 billion kWh (2007 est.)

Electricity - consumption:

126.2 billion kWh (2006 est.)

Electricity - exports:

13.11 billion kWh (2007)

Electricity - imports:

7.761 billion kWh (2007 est.)

Electricity - production by source:

fossil fuel: 98.1%
hydro: 1.5%
nuclear: 0%
other: 0.4% (2001)

Oil - production:

37,670 bbl/day (2007 est.)

Oil - consumption:

524,000 bbl/day (2007 est