manufactured goods, notably food and beverages, as
well as cement to the Caribbean region. Oil and gas account for
about 40% of GDP and 80% of exports, but only 5% of employment. The
country is also a regional financial center, and tourism is a
growing sector, although it is not proportionately as important as
in many other Caribbean islands. The economy benefits from a growing
trade surplus. Economic growth reached 12.6% in 2006 and 5.5% in
2007 as prices for oil, petrochemicals, and LNG remained high, and
as foreign direct investment continued to grow to support expanded
capacity in the energy sector.

GDP (purchasing power parity):

$26.79 billion (2007 est.)

GDP (official exchange rate):

$20.7 billion (2007 est.)

GDP - real growth rate:

5.5% (2007 est.)

GDP - per capita (PPP):

$25,400 (2007 est.)

GDP - composition by sector:

agriculture: 0.6%
industry: 62%
services: 37.5% (2007 est.)

Labor force:

622,000 (2007 est.)

Labor force - by occupation:

agriculture 4%, manufacturing, mining, and quarrying 12.9%,
construction and utilities 17.5%, services 65.6% (2006 est.)

Unemployment rate:

4.5% (2007 est.)

Population below poverty line:

17% (2007 est.)

Household income or consumption by percentage share:

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

Investment (gross fixed):

16.7% of GDP (2007 est.)

Budget:

revenues: $6.332 billion
expenditures: $5.969 billion (2007 est.)

Fiscal year:

1 October - 30 September

Public debt:

27.9% of GDP (2007 est.)

Inflation rate (consumer prices):

7.9% (2007 est.)

Central bank discount rate:

10% (31 December 2007)

Commercial bank prime lending rate:

11.75% (31 December 2007)

Stock of money:

$2.646 billion (31 December 2007)

Stock of quasi money:

$5.707 billion (31 December 2007)

Stock of domestic credit:

$3.721 billion (31 December 2007)

Agriculture - products:

cocoa, rice, citrus, coffee, vegetables; poultry

Industries:

petroleum, chemicals, tourism, food processing, cement, beverage,
cotton textiles

Industrial production growth rate:

6.5% (2007 est.)

Electricity - production:

7.704 billion kWh (2007)

Electricity - consumption:

7.083 billion kWh (2007)

Electricity - exports:

0 kWh (2007 est.)

Electricity - imports:

0 kWh (2007 est.)

Electricity - production by source:

fossil fuel: 99.8%
hydro: 0%
nuclear: