no economic activity

Atlantic Ocean
The Atlantic Ocean provides some of the world's most
heavily trafficked sea routes, between and within the Eastern and
Western Hemispheres. Other economic activity includes the
exploitation of natural resources, e.g., fishing, the dredging of
aragonite sands (The Bahamas), and production of crude oil and
natural gas (Caribbean Sea, Gulf of Mexico, and North Sea).

Australia
Australia has an enviable Western-style capitalist
economy, with a per capita GDP on par with the four dominant West
European economies. Rising output in the domestic economy has been
offsetting the global slump, and business and consumer confidence
remains robust. Australia's emphasis on reforms, low inflation, and
growing ties with China are other key factors behind the economy's
strength. The impact of drought, weak foreign demand, and strong
import demand pushed the trade deficit up to $18 billion in 2003 and
to $20 billion in 2004 from $8 billion in 2002. One other concern is
the domestic housing bubble.

Austria
Austria, with its well-developed market economy and high
standard of living, is closely tied to other EU economies,
especially Germany's. Membership in the EU has drawn an influx of
foreign investors attracted by Austria's access to the single
European market and proximity to EU aspirant economies. Slow growth
in Germany and elsewhere in the world held the economy to 0.7%
growth in 2001, 1.4% in 2002, and again less than 1% in 2003.
However, recent data signal that the recovery has started. The
government estimates economic growth in 2004 of 1.7-2.1% and of 2.5%
in 2005. The government is planning a EURO 500 billion income tax
cut in 2004, though some economists doubt it will have stimulative
effects in 2004, because it will be offset by higher health
insurance contributions and higher taxes on energy. For 2005,
Austria plans a tax cut of EURO 2.5 billion and harmonization of the
various pension schemes. To meet increased competition from both EU
and Central European countries, particularly the new EU members,
Austria will need to emphasize knowledge-based sectors of the
economy, continue to deregulate the service sector, and lower its
tax burden. A key issue is the encouragement of much greater
participation in the labor market by its aging population.

Azerbaijan
Azerbaijan's number one export is oil. Azerbaijan's