ectors, which together
account for about one-half of GDP. Higher crude oil prices countered
declining oil production and exports and led to higher budgetary and
export receipts. Total foreign assets of the Central Bank and
domestic banking system rose to about $20 billion in 2006, and the
government strengthened the private sector foreign exchange rate by
about 7 percent from the start of the year. The Government of Syria
has implemented modest economic reforms in the past few years,
including cutting interest rates, opening private banks,
consolidating some of the multiple exchange rates, and raising
prices on some subsidized foodstuffs. Nevertheless, the economy
remains highly controlled by the government. Long-run economic
constraints include declining oil production and exports, weak
investment, and increasing pressure on water supplies caused by
heavy use in agriculture, rapid population growth, industrial
expansion, and water pollution.

Taiwan
Taiwan has a dynamic capitalist economy with gradually
decreasing guidance of investment and foreign trade by government
authorities. In keeping with this trend, some large,
government-owned banks and industrial firms are being privatized.
Exports have provided the primary impetus for industrialization. The
island runs a trade surplus, and foreign reserves are the world's
third largest. Despite restrictions cross-strait links, China has
overtaken the US to become Taiwan's largest export market and, in
2006, its second-largest source of imports after Japan. China is
also the island's number one destination for foreign direct
investment. Strong trade performance in 2006 pushed Taiwan's GDP
growth rate above 4%, and unemployment is below 4%. Consumer
spending recovered following a slowdown early in 2006, when banks
tightened lending to address a sharp increase in delinquent consumer
debt.

Tajikistan
Tajikistan has one of the lowest per capita GDPs among
the 15 former Soviet republics. Only 6% of the land area is arable;
cotton is the most important crop. Mineral resources, varied but
limited in amount, include silver, gold, uranium, and tungsten.
Industry consists only of a large aluminum plant, hydropower
facilities, and small obsolete factories mostly in light industry
and food processing. The civil war (1992-97) severely damaged the
already weak economic infrastructure and caused a sharp decli