1.4% (2004 est.)

Investment (gross fixed):
19.9% of GDP (2004 est.)

Budget:
revenues: $256.9 billion
expenditures: $274.4 billion, including capital expenditures of NA
(2004 est.)

Public debt:
55.8% of GDP (2004 est.)

Agriculture - products:
grains, potatoes, sugar beets, fruits, vegetables; livestock

Industries:
agroindustries, metal and engineering products, electrical
machinery and equipment, chemicals, petroleum, construction,
microelectronics, fishing

Industrial production growth rate:
0.8% (2004 est.)

Electricity - production:
90.61 billion kWh (2002)

Electricity - production by source:
fossil fuel: 89.9%
hydro: 0.1%
nuclear: 4.3%
other: 5.7% (2001)

Electricity - consumption:
100.7 billion kWh (2002)

Electricity - exports:
4.5 billion kWh (2002)

Electricity - imports:
20.9 billion kWh (2002)

Oil - production:
46,200 bbl/day (2001 est.)

Oil - consumption:
895,300 bbl/day (2001 est.)

Oil - exports:
1.418 million bbl/day (2001)

Oil - imports:
2.284 million bbl/day (2001)

Oil - proved reserves:
88.06 million bbl (1 January 2002)

Natural gas - production:
77.75 billion cu m (2001 est.)

Natural gas - consumption:
49.72 billion cu m (2001 est.)

Natural gas - exports:
49.28 billion cu m (2001 est.)

Natural gas - imports:
20.78 billion cu m (2001 est.)

Natural gas - proved reserves:
1.693 trillion cu m (1 January 2002)

Current account balance:
$19.9 billion (2004 est.)

Exports:
$293.1 billion f.o.b. (2004 est.)

Exports - commodities:
machinery and equipment, chemicals, fuels; foodstuffs

Exports - partners:
Germany 25%, Belgium 12.4%, UK 10.1%, France 9.9%, Italy 6%, US
4.3% (2004)

Imports:
$252.7 billion f.o.b. (2004 est.)

Imports - commodities:
machinery and transport equipment, chemicals, fuels; foodstuffs,
clothing

Imports - partners:
Germany 17.9%, Belgium 9.9%, US 7.9%, China 7.4%, UK 6.4%, France
4.8% (2004)

Reserves of foreign exchange and gold:
$21.44 billion (2003)

Economic aid - donor:
ODA, $4 billion (2003 est.)

Currency (code):
euro (EUR)
note: on 1 January 1999, the European Monetary Union introduced the
euro as a common currency to be used by financial institutions of
member countries; on 1 January 2002, the euro became the sole
currency for everyday transactions within the member countries

Currency code:
EUR

E