f labor market rigidities are
further addressed. The government is also starting long-needed
structural reforms designed to revitalize the country's economy. In
the short run, however, the fall in government revenues and the rise
in expenditures have raised the deficit above the EU's 3% debt limit.

GDP:
purchasing power parity - $2.271 trillion (2003 est.)

GDP - real growth rate:
-0.1% (2003 est.)

GDP - per capita:
purchasing power parity - $27,600 (2003 est.)

GDP - composition by sector:
agriculture: 1%
industry: 31%
services: 68% (2002 est.)

Investment (gross fixed):
17.7% of GDP (2003)

Population below poverty line:
NA

Household income or consumption by percentage share:
lowest 10%: 3.6%
highest 10%: 25.1% (1997)

Distribution of family income - Gini index:
30 (1994)

Inflation rate (consumer prices):
1.1% (2003 est.)

Labor force:
42.63 million (2003)

Labor force - by occupation:
agriculture 2.8%, industry 33.4%, services 63.8% (1999)

Unemployment rate:
10.5% (2003 est.)

Budget:
revenues: $1.079 trillion
expenditures: $1.173 trillion, including capital expenditures of NA
(2003 est.)

Public debt:
64.2% of GDP (2003)

Agriculture - products:
potatoes, wheat, barley, sugar beets, fruit, cabbages; cattle,
pigs, poultry

Industries:
among the world's largest and most technologically advanced
producers of iron, steel, coal, cement, chemicals, machinery,
vehicles, machine tools, electronics, food and beverages;
shipbuilding; textiles

Industrial production growth rate:
0.2% (2003 est.)

Electricity - production:
544.8 billion kWh (2001)

Electricity - consumption:
506.8 billion kWh (2001)

Electricity - exports:
43.9 billion kWh (2001)

Electricity - imports:
44 billion kWh (2001)

Oil - production:
85,860 bbl/day (2001 est.)

Oil - consumption:
2.813 million bbl/day (2001 est.)

Oil - exports:
404,300 bbl/day (2001)

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

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

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

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

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

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

Natural gas - proved reserves:
298.3 billion cu m (1 January 2002)

Current account balance:
$57.24 billion (200