nomy is estimated at around 40% of GDP. Politically, the
country is more stable than in 2002.

GDP:
purchasing power parity - $13.81 billion (2003 est.)

GDP - real growth rate:
2.8% (2003 est.)

GDP - per capita:
purchasing power parity - $6,700 (2003 est.)

GDP - composition by sector:
agriculture: 11.3%
industry: 32.1%
services: 56.6% (2003 est.)

Investment (gross fixed):
16.3% of GDP (2003)

Population below poverty line:
30.2% (2002 est.)

Household income or consumption by percentage share:
lowest 10%: NA
highest 10%: NA

Inflation rate (consumer prices):
1.2% (2003 est.)

Labor force:
860,000 (2003 est.)

Labor force - by occupation:
agriculture NA, industry NA, services NA

Unemployment rate:
36.7% (2003 est.)

Budget:
revenues: $1.582 billion
expenditures: $1.661 billion, including capital expenditures of $80
million NA (2003 est.)

Public debt:
30.2% of GDP (2003)

Agriculture - products:
rice, tobacco, wheat, corn, millet, cotton, sesame, mulberry
leaves, citrus, vegetables; beef, pork, poultry, mutton

Industries:
coal, metallic chromium, lead, zinc, ferronickel, textiles, wood
products, tobacco, food processing, buses, steel

Industrial production growth rate:
4.5% (2003 est.)

Electricity - production:
6.465 billion kWh (2001)

Electricity - consumption:
6.112 billion kWh (2001)

Electricity - exports:
0 kWh (2001)

Electricity - imports:
100 million kWh (2001)

Oil - production:
0 bbl/day (2001 est.)

Oil - consumption:
20,000 bbl/day (2001 est.)

Oil - exports:
NA (2001)

Oil - imports:
NA (2001)

Current account balance:
$-278 million (2003)

Exports:
$1.346 billion f.o.b. (2003 est.)

Exports - commodities:
food, beverages, tobacco; miscellaneous manufactures, iron and steel

Exports - partners:
Serbia and Montenegro 37.8%, Germany 27%, Italy 14.7%, Greece 9.7%,
Croatia 6.9%, US 6.1%, Netherlands 4.8% (2003)

Imports:
$2.184 billion f.o.b. (2003 est.)

Imports - commodities:
machinery and equipment, chemicals, fuels; food products

Imports - partners:
Greece 17.3%, Germany 12.6%, Serbia and Montenegro 9.2%, Slovenia
7.9%, Bulgaria 7.4%, Italy 6.2%, Turkey 6% (2003)

Reserves of foreign exchange & gold:
$935.1 million (2003)

Debt - external:
$1.929 billion (2003 est.)

Economic aid - recipient:
$250 million (2003 est.)

Currency:
Macedo