a for participating in economic and monetary union. SIMITIS
faces strong opposition to further privatization and further
austerity. Plans to increase defense spending could undermine
SIMITIS's goal to curb government expenditures.

GDP: purchasing power parity - $106.9 billion (1996 est.)

GDP - real growth rate: 2.2% (1996 est.)

GDP - per capita: purchasing power parity - $10,000 (1996 est.)

GDP - composition by sector:
agriculture: 11%
industry: 25%
services : 64% (1994)

Inflation rate - consumer price index: 8.6% (1996 est.)

Labor force:
total: 4.21 million
by occupation : services 52%, agriculture 23%, industry 25% (1995)

Unemployment rate: 10% (1996 est.)

Budget:
revenues: $33 billion (excluding privatization receipts)
expenditures: $45 billion, including capital expenditures of $NA (1996
est.)

Industries: tourism; food and tobacco processing, textiles; chemicals,
metal products; mining, petroleum

Industrial production growth rate: 1.8% (1996 est.)

Electricity - capacity: 8.61 million kW (1994)

Electricity - production: 41.5 billion kWh (1995)

Electricity - consumption per capita: 3,466 kWh (1995 est.)

Agriculture - products: wheat, corn, barley, sugar beets, olives,
tomatoes, wine, tobacco, potatoes; meat, dairy products

Exports:
total value: $5.9 billion (f.o.b., 1995)
commodities : manufactured goods 53%, foodstuffs 34%, fuels 5% (1994)
partners: EU 60% (Germany 22%, Italy 14%, France 6%, UK 6%), US 3%
(1995)

Imports:
total value: $20.3 billion (f.o.b., 1995)
commodities: manufactured goods 72%, foodstuffs 15%, fuels 10% (1994)
partners : EU 70% (Italy 18%, Germany 16%, France 8%, UK 6%) US 4%
(1995)

Debt - external: $34.2 billion (1996 est.)

Economic aid:
recipient : ODA, $NA

Currency: 1 drachma (Dr) = 100 lepta

Exchange rates: drachmae (Dr) per US$1 - 251.55 (January 1997), 240.71
(1996), 231.66 (1995), 242.60 (1994), 229.26 (1993), 190.62 (1992)

Fiscal year: calendar year

@Greece:Communications

Telephones: 5,571,293 (1993 est.)

Telephone system: adequate, modern networks reach all areas; microwave
radio relay carries most traffic; extensive open-wire network;
submarine cables to off-shore islands
domestic: microwave radio relay, open wire, and submarine cable
international: tropospheric scatter; 8 submarine cables; satellite
earth stations - 2 Intelsat (1 Atlantic Ocean and 1 Indian Ocean), 1
Eutelsat, and 1 Inmarsat (Indian Ocean Region)

Radio