US-led coalition and Iraq
added new uncertainties to global economic prospects. After the
coalition victory, the complex political difficulties and the high
economic cost of establishing domestic order in Iraq became major
global problems that continue into 2004.

GDP:
GWP (gross world product) - purchasing power parity - $51.48
trillion (2003 est.)

GDP - real growth rate:
3.8% (2003 est.)

GDP - per capita:
purchasing power parity - $8,200 (2003 est.)

GDP - composition by sector:
agriculture: 4%
industry: 32%
services: 64% (2004 est.)

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

Inflation rate (consumer prices):
developed countries 1% to 4% typically; developing countries 5% to
60% typically; national inflation rates vary widely in individual
cases, from declining prices in Japan to hyperinflation in several
Third World countries (2003 est.)

Labor force:
NA

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

Unemployment rate:
30% combined unemployment and underemployment in many
non-industrialized countries; developed countries typically 4%-12%
unemployment

Industries:
dominated by the onrush of technology, especially in computers,
robotics, telecommunications, and medicines and medical equipment;
most of these advances take place in OECD nations; only a small
portion of non-OECD countries have succeeded in rapidly adjusting to
these technological forces; the accelerated development of new
industrial (and agricultural) technology is complicating already
grim environmental problems

Industrial production growth rate:
3% (2002 est.)

Electricity - production:
14.93 trillion kWh (2001 est.)

Electricity - consumption:
13.94 trillion kWh (2001 est.)

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

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

Oil - proved reserves:
1.025 trillion bbl (1 January 2002)

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

Natural gas - consumption:
2.555 trillion cu m (2001 est.)

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

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

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

Exports:
$6.421 trillion f.o.b. (2002 est.)

Exports - commodities:
the whole range of industrial and agricultural goods an