has been invited to join the European Union and
will do so in May 2004. The economy is greatly influenced by
developments in Finland, Sweden, Russia, and Germany, four major
trading partners. The high current account deficit remains a
concern. However, the state budget enjoyed a surplus of $130 million
in 2003.

GDP:
purchasing power parity - $17.35 billion (2003 est.)

GDP - real growth rate:
4.7% (2003 est.)

GDP - per capita:
purchasing power parity - $12,300 (2003 est.)

GDP - composition by sector:
agriculture: 4.9%
industry: 30.3%
services: 64.8% (2003)

Investment (gross fixed):
30.2% of GDP (2003)

Population below poverty line:
NA (2000)

Household income or consumption by percentage share:
lowest 10%: 3%
highest 10%: 29.8% (1998)

Distribution of family income - Gini index:
37 (1999)

Inflation rate (consumer prices):
1.3% (2003 est.)

Labor force:
654,000 (2003 est.)

Labor force - by occupation:
agriculture 11%, industry 20%, services 69% (1999 est.)

Unemployment rate:
10.1% (2003)

Budget:
revenues: $3.806 billion
expenditures: $3.648 billion, including capital expenditures of NA
(2003 est.)

Public debt:
7.4% of GDP (2003)

Agriculture - products:
potatoes, vegetables; livestock and dairy products; fish

Industries:
engineering, electronics, wood and wood products, textile;
information technology, telecommunications

Industrial production growth rate:
5% (2000 est.)

Electricity - production:
7.937 billion kWh (2001)

Electricity - consumption:
6.192 billion kWh (2001)

Electricity - exports:
1.19 billion kWh (2001)

Electricity - imports:
0 kWh (2001)

Oil - production:
5,100 bbl/day (2001 est.)

Oil - consumption:
24,000 bbl/day (2001 est.)

Oil - exports:
NA (2001)

Oil - imports:
NA (2001)

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

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

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

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

Current account balance:
$-1.15 billion (2003)

Exports:
$4.075 billion f.o.b. (2003 est.)

Exports - commodities:
machinery and equipment 33%, wood and paper 15%, textiles 14%, food
products 8%, furniture 7%, metals, chemical products (2001)

Exports - partners:
Finland 21.9%, Sweden 12.5%, Russia 11.4%, Germany 8.4%, Latvia
7.4%, Lithuania 4% (2003)