plexity of Serbia and
Montenegro political relationships, slow progress in privatization,
legal uncertainty over property rights, and scarcity of
foreign-investment are holding back Serbia and Montenegro's economy.
Arrangements with the IMF, especially requirements for fiscal
discipline, are an important element in policy formation. Severe
unemployment remains a key political economic problem.

GDP:
purchasing power parity - $23.89 billion (2003 est.)

GDP - real growth rate:
1.5% (2003 est.)

GDP - per capita:
purchasing power parity - $2,200 (2003 est.)

GDP - composition by sector:
agriculture: 15.2%
industry: 28.2%
services: 56.5% (2003 est.)

Investment (gross fixed):
14.3% of GDP (2003)

Population below poverty line:
30% (1999 est.)

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

Inflation rate (consumer prices):
11.2% (2003 est.)

Labor force:
2.93 million (2003 est.)

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

Unemployment rate:
34.5% (2003 est.)

Budget:
revenues: $8.668 billion
expenditures: $9.633 billion, including capital expenditures of NA
(2003 est.)

Public debt:
123.2% of GDP (2003)

Agriculture - products:
cereals, fruits, vegetables, tobacco, olives; cattle, sheep, goats

Industries:
machine building (aircraft, trucks, and automobiles; tanks and
weapons; electrical equipment; agricultural machinery); metallurgy
(steel, aluminum, copper, lead, zinc, chromium, antimony, bismuth,
cadmium); mining (coal, bauxite, nonferrous ore, iron ore,
limestone); consumer goods (textiles, footwear, foodstuffs,
appliances); electronics, petroleum products, chemicals, and
pharmaceuticals

Industrial production growth rate:
1.7% (2002 est.)

Electricity - production:
31.71 billion kWh (2001)

Electricity - consumption:
32.37 billion kWh (2001)

Electricity - exports:
446 million kWh (2001)

Electricity - imports:
3.33 billion kWh (2001)

Oil - production:
15,000 bbl/day (2001 est.)

Oil - consumption:
64,000 bbl/day (2001 est.)

Oil - exports:
NA (2001)

Oil - imports:
NA (2001)

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

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

Natural gas - consumption:
602 million cu m (2001 est.)

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

Natural gas