← The 2008 CIA World Factbook, Volume 5
Chapter 10
ZWD (part 10)
Burkina Faso
manganese, limestone, marble; small deposits of gold,
phosphates, pumice, salt
Burma
petroleum, timber, tin, antimony, zinc, copper, tungsten,
lead, coal, marble, limestone, precious stones, natural gas,
hydropower
Burundi
nickel, uranium, rare earth oxides, peat, cobalt, copper,
platinum, vanadium, arable land, hydropower, niobium, tantalum,
gold, tin, tungsten, kaolin, limestone
Cambodia
oil and gas, timber, gemstones, iron ore, manganese,
phosphates, hydropower potential
Cameroon
petroleum, bauxite, iron ore, timber, hydropower
Canada
iron ore, nickel, zinc, copper, gold, lead, molybdenum,
potash, diamonds, silver, fish, timber, wildlife, coal, petroleum,
natural gas, hydropower
Cape Verde
salt, basalt rock, limestone, kaolin, fish, clay, gypsum
Cayman Islands
fish, climate and beaches that foster tourism
Central African Republic
diamonds, uranium, timber, gold, oil,
hydropower
Chad
petroleum, uranium, natron, kaolin, fish (Lake Chad), gold,
limestone, sand and gravel, salt
Chile
copper, timber, iron ore, nitrates, precious metals,
molybdenum, hydropower
China
coal, iron ore, petroleum, natural gas, mercury, tin,
tungsten, antimony, manganese, molybdenum, vanadium, magnetite,
aluminum, lead, zinc, uranium, hydropower potential (world's largest)
Christmas Island
phosphate, beaches
Clipperton Island
fish
Cocos (Keeling) Islands
fish
Colombia
petroleum, natural gas, coal, iron ore, nickel, gold,
copper, emeralds, hydropower
Comoros
NEGL
Congo, Democratic Republic of the cobalt, copper, niobium, tantalum, petroleum, industrial and gem diamonds, gold, silver, zinc, manganese, tin, uranium, coal, hydropower, timber
Congo, Republic of the petroleum, timber, potash, lead, zinc, uranium, copper, phosphates, gold, magnesium, natural gas, hydropower
Cook Islands
NEGL
Coral Sea Islands
NEGL
Costa Rica
hydropower
Cote d'Ivoire
petroleum, natural gas, diamonds, manganese, iron ore,
cobalt, bauxite, copper, gold, nickel, tantalum, silica sand, clay,
cocoa beans, coffee, palm oil, hydropower
Croatia
oil, some coal, bauxite, low-grade iron ore, calcium,
gypsum, natural asphalt, silica, mica, clays, salt, hydropower
Cuba
cobalt, nickel, iron ore, chromium, copper, salt, timber,
silica, petroleum, arable land
Cyprus
copper, pyrites, asbestos, gypsum, timber, salt, marble, clay
earth pigment
Czech Republic
hard coal, soft coal, kaolin, clay, graphite, timber
Denmark
petroleum, natural gas, fish, salt, limestone, chalk, stone,
gravel and sand
Djibouti
geothermal areas, gold, clay, granite, limestone, marble,
salt, diatomite, gypsum, pumice, petroleum
Dominica
timber, hydropower, arable land
Dominican Republic
nickel, bauxite, gold, silver
Ecuador
petroleum, fish, timber, hydropower
Egypt
petroleum, natural gas, iron ore, phosphates, manganese,
limestone, gypsum, talc, asbestos, lead, zinc
El Salvador
hydropower, geothermal power, petroleum, arable land
Equatorial Guinea
petroleum, natural gas, timber, gold, bauxite,
diamonds, tantalum, sand and gravel, clay
Eritrea
gold, potash, zinc, copper, salt, possibly oil and natural
gas, fish
Estonia
oil shale, peat, phosphorite, clay, limestone, sand,
dolomite, arable land, sea mud
Ethiopia
small reserves of gold, platinum, copper, potash, natural
gas, hydropower
European Union
iron ore, natural gas, petroleum, coal, copper, lead,
zinc, bauxite, uranium, potash, salt, hydropower, arable land,
timber, fish
Falkland Islands (Islas Malvinas) fish, squid, wildlife, calcified seaweed, sphagnum moss
Faroe Islands
fish, whales, hydropower, possible oil and gas
Fiji
timber, fish, gold, copper, offshore oil potential, hydropower
Finland
timber, iron ore, copper, lead, zinc, chromite, nickel,
gold, silver, limestone
France
metropolitan France: coal, iron ore, bauxite, zinc, uranium,
antimony, arsenic, potash, feldspar, fluorspar, gypsum, timber, fish
French Guiana: gold deposits, petroleum, kaolin, niobium, tantalum,
clay
French Polynesia
timber, fish, cobalt, hydropower
French Southern and Antarctic Lands
fish, crayfish
note: Glorioso Islands and Tromelin Island (Iles Eparses) have
guano, phosphates, and coconuts
Gabon
petroleum, natural gas, diamond, niobium, manganese, uranium,
gold, timber, iron ore, hydropower
Gambia, The
fish, titanium (rutile and ilmenite), tin, zircon,
silica sand, clay, petroleum
Gaza Strip
arable land, natural gas
Georgia
forests, hydropower, manganese deposits, iron ore, copper,
minor coal and oil deposits; coastal climate and soils allow for
important tea and citrus growth
Germany
coal, lignite, natural gas, iron ore, copper, nickel,
uranium, potash, salt, construction materials, timber, arable land
Ghana
gold, timber, industrial diamonds, bauxite, manganese, fish,
rubber, hydropower, petroleum, silver, salt, limestone
Gibraltar
none
Greece
lignite, petroleum, iron ore, bauxite, lead, zinc, nickel,
magnesite, marble, salt, hydropower potential
Greenland
coal, iron ore, lead, zinc, molybdenum, diamonds, gold,
platinum, niobium, tantalite, uranium, fish, seals, whales,
hydropower, possible oil and gas
Grenada
timber, tropical fruit, deepwater harbors
Guam
aquatic wildlife (supporting tourism), fishing (largely
undeveloped)
Guatemala
petroleum, nickel, rare woods, fish, chicle, hydropower
Guernsey
cropland
Guinea
bauxite, iron ore, diamonds, gold, uranium, hydropower, fish,
salt
Guinea-Bissau
fish, timber, phosphates, bauxite, clay, granite,
limestone, unexploited deposits of petroleum
Guyana
bauxite, gold, diamonds, hardwood timber, shrimp, fish
Haiti
bauxite, copper, calcium carbonate, gold, marble, hydropower
Heard Island and McDonald Islands
fish
Holy See (Vatican City)
none
Honduras
timber, gold, silver, copper, lead, zinc, iron ore,
antimony, coal, fish, hydropower
Hong Kong
outstanding deepwater harbor, feldspar
Hungary
bauxite, coal, natural gas, fertile soils, arable land
Iceland
fish, hydropower, geothermal power, diatomite
India
coal (fourth-largest reserves in the world), iron ore,
manganese, mica, bauxite, titanium ore, chromite, natural gas,
diamonds, petroleum, limestone, arable land
Indian Ocean
oil and gas fields, fish, shrimp, sand and gravel
aggregates, placer deposits, polymetallic nodules
Indonesia
petroleum, tin, natural gas, nickel, timber, bauxite,
copper, fertile soils, coal, gold, silver
Iran
petroleum, natural gas, coal, chromium, copper, iron ore, lead,
manganese, zinc, sulfur
Iraq
petroleum, natural gas, phosphates, sulfur
Ireland
natural gas, peat, copper, lead, zinc, silver, barite,
gypsum, limestone, dolomite
Isle of Man
none
Israel
timber, potash, copper ore, natural gas, phosphate rock,
magnesium bromide, clays, sand
Italy
coal, mercury, zinc, potash, marble, barite, asbestos, pumice,
fluorspar, feldspar, pyrite (sulfur), natural gas and crude oil
reserves, fish, arable land
Jamaica
bauxite, gypsum, limestone
Jan Mayen
none
Japan
negligible mineral resources, fish
note: with virtually no energy natural resources, Japan is the
world's largest importer of coal and liquefied natural gas as well
as the second largest importer of oil
Jersey
arable land
Jordan
phosphates, potash, shale oil
Kazakhstan
major deposits of petroleum, natural gas, coal, iron ore,
manganese, chrome ore, nickel, cobalt, copper, molybdenum, lead,
zinc, bauxite, gold, uranium
Kenya
limestone, soda ash, salt, gemstones, fluorspar, zinc,
diatomite, gypsum, wildlife, hydropower
Kiribati
phosphate (production discontinued in 1979)
Korea, North
coal, lead, tungsten, zinc, graphite, magnesite, iron
ore, copper, gold, pyrites, salt, fluorspar, hydropower
Korea, South
coal, tungsten, graphite, molybdenum, lead, hydropower
potential
Kosovo
nickel, lead, zinc, magnesium, lignite, kaolin, chrome,
bauxite
Kuwait
petroleum, fish, shrimp, natural gas
Kyrgyzstan
abundant hydropower; significant deposits of gold and
rare earth metals; locally exploitable coal, oil, and natural gas;
other deposits of nepheline, mercury, bismuth, lead, and zinc
Laos
timber, hydropower, gypsum, tin, gold, gemstones
Latvia
peat, limestone, dolomite, amber, hydropower, wood, arable
land
Lebanon
limestone, iron ore, salt, water-surplus state in a
water-deficit region, arable land
Lesotho
water, agricultural and grazing land, diamonds, sand, clay,
building stone
Liberia
iron ore, timber, diamonds, gold, hydropower
Libya
petroleum, natural gas, gypsum
Liechtenstein
hydroelectric potential, arable land
Lithuania
peat, arable land, amber
Luxembourg
iron ore (no longer exploited), arable land
Macau
NEGL
Macedonia
low-grade iron ore, copper, lead, zinc, chromite,
manganese, nickel, tungsten, gold, silver, asbestos, gypsum, timber,
arable land
Madagascar
graphite, chromite, coal, bauxite, salt, quartz, tar
sands, semiprecious stones, mica, fish, hydropower
Malawi
limestone, arable land, hydropower, unexploited deposits of
uranium, coal, and bauxite
Malaysia
tin, petroleum, timber, copper, iron ore, natural gas,
bauxite
Maldives
fish
Mali
gold, phosphates, kaolin, salt, limestone, uranium, gypsum,
granite, hydropower
note: bauxite, iron ore, manganese, tin, and copper deposits are
known but not exploited
Malta
limestone, salt, arable land
Marshall Islands
coconut products, marine products, deep seabed
minerals
Mauritania
iron ore, gypsum, copper, phosphate, diamonds, gold, oil,
fish
Mauritius
arable land, fish
Mayotte
NEGL
Mexico
petroleum, silver, copper, gold, lead, zinc, natural gas,
timber
Micronesia, Federated States of
forests, marine products,
deep-seabed minerals, phosphate
Moldova
lignite, phosphorites, gypsum, arable land, limestone
Monaco
none
Mongolia
oil, coal, copper, molybdenum, tungsten, phosphates, tin,
nickel, zinc, fluorspar, gold, silver, iron
Montenegro
bauxite, hydroelectricity
Montserrat
NEGL
Morocco
phosphates, iron ore, manganese, lead, zinc, fish, salt
Mozambique
coal, titanium, natural gas, hydropower, tantalum,
graphite
Namibia
diamonds, copper, uranium, gold, silver, lead, tin, lithium,
cadmium, tungsten, zinc, salt, hydropower, fish
note: suspected deposits of oil, coal, and iron ore
Nauru
phosphates, fish
Navassa Island
guano
Nepal
quartz, water, timber, hydropower, scenic beauty, small
deposits of lignite, copper, cobalt, iron ore
Netherlands
natural gas, petroleum, peat, limestone, salt, sand and
gravel, arable land
Netherlands Antilles
phosphates (Curacao only), salt (Bonaire only)
New Caledonia
nickel, chrome, iron, cobalt, manganese, silver, gold,
lead, copper
New Zealand
natural gas, iron ore, sand, coal, timber, hydropower,
gold, limestone
Nicaragua
gold, silver, copper, tungsten, lead, zinc, timber, fish
Niger
uranium, coal, iron ore, tin, phosphates, gold, molybdenum,
gypsum, salt, petroleum
Nigeria
natural gas, petroleum, tin, iron ore, coal, limestone,
niobium, lead, zinc, arable land
Niue
fish, arable land
Norfolk Island
fish
Northern Mariana Islands
arable land, fish
Norway
petroleum, natural gas, iron ore, copper, lead, zinc,
titanium, pyrites, nickel, fish, timber, hydropower
Oman
petroleum, copper, asbestos, some marble, limestone, chromium,
gypsum, natural gas
Pacific Ocean
oil and gas fields, polymetallic nodules, sand and
gravel aggregates, placer deposits, fish
Pakistan
land, extensive natural gas reserves, limited petroleum,
poor quality coal, iron ore, copper, salt, limestone
Palau
forests, minerals (especially gold), marine products,
deep-seabed minerals
Panama
copper, mahogany forests, shrimp, hydropower
Papua New Guinea
gold, copper, silver, natural gas, timber, oil,
fisheries
Paracel Islands
none
Paraguay
hydropower, timber, iron ore, manganese, limestone
Peru
copper, silver, gold, petroleum, timber, fish, iron ore, coal,
phosphate, potash, hydropower, natural gas
Philippines
timber, petroleum, nickel, cobalt, silver, gold, salt,
copper
Pitcairn Islands
miro trees (used for handicrafts), fish
note: manganese, iron, copper, gold, silver, and zinc have been
discovered offshore
Poland
coal, sulfur, copper, natural gas, silver, lead, salt, amber,
arable land
Portugal
fish, forests (cork), iron ore, copper, zinc, tin,
tungsten, silver, gold, uranium, marble, clay, gypsum, salt, arable
land, hydropower
Puerto Rico
some copper and nickel; potential for onshore and
offshore oil
Qatar
petroleum, natural gas, fish
Romania
petroleum (reserves declining), timber, natural gas, coal,
iron ore, salt, arable land, hydropower
Russia
wide natural resource base including major deposits of oil,
natural gas, coal, and many strategic minerals, timber
note: formidable obstacles of climate, terrain, and distance hinder
exploitation of natural resources
Rwanda
gold, cassiterite (tin ore), wolframite (tungsten ore),
methane, hydropower, arable land
Saint Barthelemy
has few natural resouces, its beaches being the
most important
Saint Helena
fish, lobster
Saint Kitts and Nevis
arable land
Saint Lucia
forests, sandy beaches, minerals (pumice), mineral
springs, geothermal potential
Saint Martin
salt
Saint Pierre and Miquelon
fish, deepwater ports
Saint Vincent and the Grenadines
hydropower, cropland
Samoa
hardwood forests, fish, hydropower
San Marino
building stone
Sao Tome and Principe
fish, hydropower
Saudi Arabia
petroleum, natural gas, iron ore, gold, copper
Senegal
fish, phosphates, iron ore
Serbia
oil, gas, coal, iron ore, copper, zinc, antimony, chromite,
gold, silver, magnesium, pyrite, limestone, marble, salt, arable land
Seychelles
fish, copra, cinnamon trees
Sierra Leone
diamonds, titanium ore, bauxite, iron ore, gold,
chromite
Singapore
fish, deepwater ports
Slovakia
brown coal and lignite; small amounts of iron ore, copper
and manganese ore; salt; arable land
Slovenia
lignite coal, lead, zinc, building stone, hydropower,
forests
Solomon Islands
fish, forests, gold, bauxite, phosphates, lead,
zinc, nickel
Somalia
uranium and largely unexploited reserves of iron ore, tin,
gypsum, bauxite, copper, salt, natural gas, likely oil reserves
South Africa
gold, chromium, antimony, coal, iron ore, manganese,
nickel, phosphates, tin, uranium, gem diamonds, platinum, copper,
vanadium, salt, natural gas
South Georgia and the South Sandwich Islands
fish
Southern Ocean
probable large and possible giant oil and gas fields
on the continental margin; manganese nodules, possible placer
deposits, sand and gravel, fresh water as icebergs; squid, whales,
and seals - none exploited; krill, fish
Spain
coal, lignite, iron ore, copper, lead, zinc, uranium,
tungsten, mercury, pyrites, magnesite, fluorspar, gypsum, sepiolite,
kaolin, potash, hydropower, arable land
Spratly Islands
fish, guano, undetermined oil and natural gas
potential
Sri Lanka
limestone, graphite, mineral sands, gems, phosphates,
clay, hydropower
Sudan
petroleum; small reserves of iron ore, copper, chromium ore,
zinc, tungsten, mica, silver, gold, hydropower
Suriname
timber, hydropower, fish, kaolin, shrimp, bauxite, gold,
and small amounts of nickel, copper, platinum, iron ore
Svalbard
coal, iron ore, copper, zinc, phosphate, wildlife, fish
Swaziland
asbestos, coal, clay, cassiterite, hydropower, forests,
small gold and diamond deposits, quarry stone, and talc
Sweden
iron ore, copper, lead, zinc, gold, silver, tungsten,
uranium, arsenic, feldspar, timber, hydropower
Switzerland
hydropower potential, timber, salt
Syria
petroleum, phosphates, chrome and manganese ores, asphalt,
iron ore, rock salt, marble, gypsum, hydropower
Taiwan
small deposits of coal, natural gas, limestone, marble, and
asbestos
Tajikistan
hydropower, some petroleum, uranium, mercury, brown coal,
lead, zinc, antimony, tungsten, silver, gold
Tanzania
hydropower, tin, phosphates, iron ore, coal, diamonds,
gemstones, gold, natural gas, nickel
Thailand
tin, rubber, natural gas, tungsten, tantalum, timber, lead,
fish, gypsum, lignite, fluorite, arable land
Timor-Leste
gold, petroleum, natural gas, manganese, marble
Togo
phosphates, limestone, marble, arable land
Tokelau
NEGL
Tonga
fish, fertile soil
Trinidad and Tobago
petroleum, natural gas, asphalt
Tunisia
petroleum, phosphates, iron ore, lead, zinc, salt
Turkey
coal, iron ore, copper, chromium, antimony, mercury, gold,
barite, borate, celestite (strontium), emery, feldspar, limestone,
magnesite, marble, perlite, pumice, pyrites (sulfur), clay, arable
land, hydropower
Turkmenistan
petroleum, natural gas, sulfur, salt
Turks and Caicos Islands
spiny lobster, conch
Tuvalu
fish
Uganda
copper, cobalt, hydropower, limestone, salt, arable land
Ukraine
iron ore, coal, manganese, natural gas, oil, salt, sulfur,
graphite, titanium, magnesium, kaolin, nickel, mercury, timber,
arable land
United Arab Emirates
petroleum, natural gas
United Kingdom
coal, petroleum, natural gas, iron ore, lead, zinc,
gold, tin, limestone, salt, clay, chalk, gypsum, potash, silica
sand, slate, arable land
United States
coal, copper, lead, molybdenum, phosphates, uranium,
bauxite, gold, iron, mercury, nickel, potash, silver, tungsten,
zinc, petroleum, natural gas, timber
note: the US has the world's largest coal reserves with 491 billion
short tons accounting for 27% of the world's total
United States Pacific Island Wildlife Refuges terrestrial and aquatic wildlife
Uruguay
arable land, hydropower, minor minerals, fisheries
Uzbekistan
natural gas, petroleum, coal, gold, uranium, silver,
copper, lead and zinc, tungsten, molybdenum
Vanuatu
manganese, hardwood forests, fish
Venezuela
petroleum, natural gas, iron ore, gold, bauxite, other
minerals, hydropower, diamonds
Vietnam
phosphates, coal, manganese, bauxite, chromate, offshore oil
and gas deposits, forests, hydropower
Virgin Islands
sun, sand, sea, surf
Wake Island
none
Wallis and Futuna
NEGL
West Bank
arable land
Western Sahara
phosphates, iron ore
World
the rapid depletion of nonrenewable mineral resources, the
depletion of forest areas and wetlands, the extinction of animal and
plant species, and the deterioration in air and water quality
(especially in Eastern Europe, the former USSR, and China) pose
serious long-term problems that governments and peoples are only
beginning to address
Yemen
petroleum, fish, rock salt, marble; small deposits of coal,
gold, lead, nickel, and copper; fertile soil in west
Zambia
copper, cobalt, zinc, lead, coal, emeralds, gold, silver,
uranium, hydropower
Zimbabwe
coal, chromium ore, asbestos, gold, nickel, copper, iron
ore, vanadium, lithium, tin, platinum group metals
This page was last updated on 18 December 2008
@2112 Net migration rate (migrant(s)/1,000 population)
Afghanistan
21 migrant(s)/1,000 population (2008 est.)
Albania
-4.41 migrant(s)/1,000 population (2008 est.)
Algeria
-0.31 migrant(s)/1,000 population (2008 est.)
American Samoa
-7.17 migrant(s)/1,000 population (2008 est.)
Andorra
13.99 migrant(s)/1,000 population (2008 est.)
Angola
1.72 migrant(s)/1,000 population (2008 est.)
Anguilla
14.6 migrant(s)/1,000 population (2008 est.)
Antigua and Barbuda
2.41 migrant(s)/1,000 population (2008 est.)
Argentina
0 migrant(s)/1,000 population (2008 est.)
Armenia
-4.95 migrant(s)/1,000 population (2008 est.)
Aruba
9.85 migrant(s)/1,000 population (2008 est.)
Australia
6.34 migrant(s)/1,000 population (2008 est.)
Austria
1.88 migrant(s)/1,000 population (2008 est.)
Azerbaijan
-1.97 migrant(s)/1,000 population (2008 est.)
Bahamas, The
-2.14 migrant(s)/1,000 population (2008 est.)
Bahrain
0.4 migrant(s)/1,000 population (2008 est.)
Bangladesh
-0.65 migrant(s)/1,000 population (2008 est.)
Barbados
-0.31 migrant(s)/1,000 population (2008 est.)
Belarus
0.38 migrant(s)/1,000 population (2008 est.)
Belgium
1.22 migrant(s)/1,000 population (2008 est.)
Belize
NA (2008 est.)
Benin
0 migrant(s)/1,000 population (2008 est.)
Bermuda
2.28 migrant(s)/1,000 population (2008 est.)
Bhutan
NA (2008 est.)
Bolivia
-1.14 migrant(s)/1,000 population (2008 est.)
Bosnia and Herzegovina
6.38 migrant(s)/1,000 population (2008 est.)
Botswana
5.41 migrant(s)/1,000 population
note: there is an increasing flow of Zimbabweans into South Africa
and Botswana in search of better economic opportunities (2008 est.)
Brazil
-0.09 migrant(s)/1,000 population (2008 est.)
British Virgin Islands
8.44 migrant(s)/1,000 population (2008 est.)
Brunei
2.74 migrant(s)/1,000 population (2008 est.)
Bulgaria
-3.41 migrant(s)/1,000 population (2008 est.)
Burkina Faso
NA (2008 est.)
Burma
NA (2008 est.)
Burundi
5.62 migrant(s)/1,000 population (2008 est.)
Cambodia
NA (2008 est.)
Cameroon
NA (2008 est.)
Canada
5.62 migrant(s)/1,000 population (2008 est.)
Cape Verde
-11.74 migrant(s)/1,000 population (2008 est.)
Cayman Islands
16.88 migrant(s)/1,000 population
note: major destination for Cubans trying to migrate to the US (2008
est.)
Central African Republic
NA (2008 est.)
Chad
-3.27 migrant(s)/1,000 population (2008 est.)
Chile
NA (2008 est.)
China
-0.39 migrant(s)/1,000 population (2008 est.)
Christmas Island
NA (2008 est.)
Cocos (Keeling) Islands
NA (2008 est.)
Colombia
-0.28 migrant(s)/1,000 population (2008 est.)
Comoros
NA (2008 est.)
Congo, Democratic Republic of the 1.24 migrant(s)/1,000 population (2008 est.)
Congo, Republic of the
-2.52 migrant(s)/1,000 population (2008 est.)
Costa Rica
0.48 migrant(s)/1,000 population (2008 est.)
Cote d'Ivoire
NA (2008 est.)
Croatia
1.58 migrant(s)/1,000 population (2008 est.)
Cuba
-1.57 migrant(s)/1,000 population (2008 est.)
Cyprus
0.42 migrant(s)/1,000 population (2008 est.)
Czech Republic
0.97 migrant(s)/1,000 population (2008 est.)
Denmark
2.49 migrant(s)/1,000 population (2008 est.)
Djibouti
NA (2008 est.)
Dominica
-5.46 migrant(s)/1,000 population (2008 est.)
Dominican Republic
-2.4 migrant(s)/1,000 population (2008 est.)
Ecuador
-7.98 migrant(s)/1,000 population (2008 est.)
Egypt
-0.21 migrant(s)/1,000 population (2008 est.)
El Salvador
-3.4 migrant(s)/1,000 population (2008 est.)
Equatorial Guinea
NA (2008 est.)
Eritrea
NA (2008 est.)
Estonia
-3.24 migrant(s)/1,000 population (2008 est.)
Ethiopia
NA
note: repatriation of Ethiopian refugees residing in Sudan is
expected to continue for several years; some Sudanese, Somali, and
Eritrean refugees, who fled to Ethiopia from the fighting or famine
in their own countries, continue to return to their homes (2008 est.)
European Union
1.23 migrant(s)/1,000 population (2008 est.)
Falkland Islands (Islas Malvinas)
NA (2008 est.)
Faroe Islands
-0.82 migrant(s)/1,000 population (2008 est.)
Fiji
-2.62 migrant(s)/1,000 population (2008 est.)
Finland
0.73 migrant(s)/1,000 population (2008 est.)
France
1.48 migrant(s)/1,000 population (2008 est.)
French Polynesia
2.77 migrant(s)/1,000 population (2008 est.)
Gabon
-3.62 migrant(s)/1,000 population (2008 est.)
Gambia, The
0.61 migrant(s)/1,000 population (2008 est.)
Gaza Strip
0 migrant(s)/1,000 population (2008 est.)
Georgia
-4.36 migrant(s)/1,000 population (2008 est.)
Germany
2.19 migrant(s)/1,000 population (2008 est.)
Ghana
-0.55 migrant(s)/1,000 population (2008 est.)
Gibraltar
0 migrant(s)/1,000 population (2008 est.)
Greece
2.33 migrant(s)/1,000 population (2008 est.)
Greenland
-5.99 migrant(s)/1,000 population (2008 est.)
Grenada
-11.23 migrant(s)/1,000 population (2008 est.)
Guam
NA (2008 est.)
Guatemala
-2.26 migrant(s)/1,000 population (2008 est.)
Guernsey
3.8 migrant(s)/1,000 population (2008 est.)
Guinea
-1.63 migrant(s)/1,000 population (2008 est.)
Guinea-Bissau
0 migrant(s)/1,000 population (2008 est.)
Guyana
-7.45 migrant(s)/1,000 population (2008 est.)
Haiti
-0.61 migrant(s)/1,000 population (2008 est.)
Honduras
-1.33 migrant(s)/1,000 population (2008 est.)
Hong Kong
4.55 migrant(s)/1,000 population (2008 est.)
Hungary
0.86 migrant(s)/1,000 population (2008 est.)
Iceland
1.13 migrant(s)/1,000 population (2008 est.)
India
-0.05 migrant(s)/1,000 population (2008 est.)
Indonesia
-1.25 migrant(s)/1,000 population (2008 est.)
Iran
-3.28 migrant(s)/1,000 population (2008 est.)
Iraq
NA (2008 est.)
Ireland
4.76 migrant(s)/1,000 population (2008 est.)
Isle of Man
5.25 migrant(s)/1,000 population (2008 est.)
Israel
2.52 migrant(s)/1,000 population (2008 est.)
Italy
2.06 migrant(s)/1,000 population (2008 est.)
Jamaica
-5.88 migrant(s)/1,000 population (2008 est.)
Japan
NA (2008 est.)
Jersey
2.73 migrant(s)/1,000 population (2008 est.)
Jordan
5.97 migrant(s)/1,000 population (2008 est.)
Kazakhstan
-3.31 migrant(s)/1,000 population (2008 est.)
Kenya
0 migrant(s)/1,000 population (2008 est.)
Kiribati
NA (2008 est.)
Korea, North
NA (2008 est.)
Korea, South
NA (2008 est.)
Kuwait
16.39 migrant(s)/1,000 population (2008 est.)
Kyrgyzstan
-2.55 migrant(s)/1,000 population (2008 est.)
Laos
NA (2008 est.)
Latvia
-2.29 migrant(s)/1,000 population (2008 est.)
Lebanon
NA (2008 est.)
Lesotho
-0.78 migrant(s)/1,000 population (2008 est.)
Liberia
15.14 migrant(s)/1,000 population (2008 est.)
Libya
NA (2008 est.)
Liechtenstein
4.7 migrant(s)/1,000 population (2008 est.)
Lithuania
-0.72 migrant(s)/1,000 population (2008 est.)
Luxembourg
8.54 migrant(s)/1,000 population (2008 est.)
Macau
26.21 migrant(s)/1,000 population (2008 est.)
Macedonia
-0.57 migrant(s)/1,000 population (2008 est.)
Madagascar
NA (2008 est.)
Malawi
NA (2008 est.)
Malaysia
NA
note: does not reflect net flow of an unknown number of illegal
immigrants from other countries in the region (2008 est.)
Maldives
NA (2008 est.)
Mali
-5.97 migrant(s)/1,000 population (2008 est.)
Malta
2.03 migrant(s)/1,000 population (2008 est.)
Marshall Islands
-5.52 migrant(s)/1,000 population (2008 est.)
Mauritania
NA (2008 est.)
Mauritius
-0.09 migrant(s)/1,000 population (2008 est.)
Mayotte
2.22 migrant(s)/1,000 population (2008 est.)
Mexico
-3.84 migrant(s)/1,000 population (2008 est.)
Micronesia, Federated States of -21.04 migrant(s)/1,000 population (2008 est.)
Moldova
-1.13 migrant(s)/1,000 population (2008 est.)
Monaco
7.62 migrant(s)/1,000 population (2008 est.)
Mongolia
NA (2008 est.)
Montserrat
NA (2008 est.)
Morocco
-0.77 migrant(s)/1,000 population (2008 est.)
Mozambique
NA (2008 est.)
Namibia
0.35 migrant(s)/1,000 population (2008 est.)
Nauru
NA (2008 est.)
Nepal
NA (2008 est.)
Netherlands
2.55 migrant(s)/1,000 population (2008 est.)
Netherlands Antilles
-0.39 migrant(s)/1,000 population (2008 est.)
New Caledonia
NA
note: there has been steady emigration from Wallis and Futuna to New
Caledonia (2008 est.)
New Zealand
2.62 migrant(s)/1,000 population (2008 est.)
Nicaragua
-1.13 migrant(s)/1,000 population (2008 est.)
Niger
-0.57 migrant(s)/1,000 population (2008 est.)
Nigeria
-0.1 migrant(s)/1,000 population (2008 est.)
Niue
NA (2008 est.)
Norfolk Island
NA (2008 est.)
Northern Mariana Islands
7.04 migrant(s)/1,000 population (2008 est.)
Norway
1.71 migrant(s)/1,000 population (2008 est.)
Oman
0.33 migrant(s)/1,000 population (2008 est.)
Pakistan
-0.51 migrant(s)/1,000 population (2008 est.)
Palau
0.9 migrant(s)/1,000 population (2008 est.)
Panama
-0.53 migrant(s)/1,000 population (2008 est.)
Papua New Guinea
NA (2008 est.)
Paraguay
-0.07 migrant(s)/1,000 population (2008 est.)
Peru
-0.97 migrant(s)/1,000 population (2008 est.)
Philippines
-1.36 migrant(s)/1,000 population (2008 est.)
Pitcairn Islands
NA (2008 est.)
Poland
-0.46 migrant(s)/1,000 population (2008 est.)
Portugal
3.23 migrant(s)/1,000 population (2008 est.)
Puerto Rico
-1.03 migrant(s)/1,000 population (2008 est.)
Qatar
-2.28 migrant(s)/1,000 population (2008 est.)
Romania
-0.13 migrant(s)/1,000 population (2008 est.)
Russia
0.28 migrant(s)/1,000 population (2008 est.)
Rwanda
2.29 migrant(s)/1,000 population (2008 est.)
Saint Helena
NA (2008 est.)
Saint Kitts and Nevis
-2.31 migrant(s)/1,000 population (2008 est.)
Saint Lucia
-4.33 migrant(s)/1,000 population (2008 est.)
Saint Pierre and Miquelon
-4.97 migrant(s)/1,000 population (2008
est.)
Saint Vincent and the Grenadines
-7.56 migrant(s)/1,000 population
(2008 est.)
Samoa
-9.14 migrant(s)/1,000 population (2008 est.)
San Marino
10.44 migrant(s)/1,000 population (2008 est.)
Sao Tome and Principe
-1.97 migrant(s)/1,000 population (2008 est.)
Saudi Arabia
-6.82 migrant(s)/1,000 population (2008 est.)
Senegal
0 migrant(s)/1,000 population (2008 est.)
Seychelles
-5.11 migrant(s)/1,000 population (2008 est.)
Sierra Leone
0 migrant(s)/1,000 population
note: refugees currently in surrounding countries are slowly
returning (2008 est.)
Singapore
6.88 migrant(s)/1,000 population (2008 est.)
Slovakia
0.3 migrant(s)/1,000 population (2008 est.)
Slovenia
0.64 migrant(s)/1,000 population (2008 est.)
Solomon Islands
NA (2008 est.)
Somalia
0 migrant(s)/1,000 population (2008 est.)
South Africa
4.98 migrant(s)/1,000 population
note: there is an increasing flow of Zimbabweans into South Africa
and Botswana in search of better economic opportunities (2008 est.)
Spain
0.99 migrant(s)/1,000 population (2008 est.)
Sri Lanka
-1.12 migrant(s)/1,000 population (2008 est.)
Sudan
0.67 migrant(s)/1,000 population (2008 est.)
Suriname
-0.52 migrant(s)/1,000 population (2008 est.)
Svalbard
NA (2008 est.)
Swaziland
NA (2008 est.)
Sweden
1.66 migrant(s)/1,000 population (2008 est.)
Switzerland
2.21 migrant(s)/1,000 population (2008 est.)
Syria
NA (2008 est.)
Taiwan
0.04 migrant(s)/1,000 population (2008 est.)
Tajikistan
-1.31 migrant(s)/1,000 population (2008 est.)
Tanzania
-1.48 migrant(s)/1,000 population (2008 est.)
Thailand
NA (2008 est.)
Timor-Leste
NA (2008 est.)
Togo
NA (2008 est.)
Tokelau
NA (2008 est.)
Tonga
NA (2008 est.)
Trinidad and Tobago
-11.2 migrant(s)/1,000 population (2008 est.)
Tunisia
-0.44 migrant(s)/1,000 population (2008 est.)
Turkey
0 migrant(s)/1,000 population (2008 est.)
Turkmenistan
-3 migrant(s)/1,000 population (2008 est.)
Turks and Caicos Islands
9.48 migrant(s)/1,000 population (2008 est.)
Tuvalu
NA (2008 est.)
Uganda
0.21 migrant(s)/1,000 population (2008 est.)
Ukraine
-0.12 migrant(s)/1,000 population (2008 est.)
United Arab Emirates
24.41 migrant(s)/1,000 population (2008 est.)
United Kingdom
2.17 migrant(s)/1,000 population (2008 est.)
United States
2.92 migrant(s)/1,000 population (2008 est.)
Uruguay
-0.18 migrant(s)/1,000 population (2008 est.)
Uzbekistan
-3.04 migrant(s)/1,000 population (2008 est.)
Vanuatu
NA (2008 est.)
Venezuela
-0.84 migrant(s)/1,000 population (2008 est.)
Vietnam
-0.39 migrant(s)/1,000 population (2008 est.)
Virgin Islands
-5.72 migrant(s)/1,000 population (2008 est.)
Wallis and Futuna
NA
note: there has been steady emigration from Wallis and Futuna to New
Caledonia (2008 est.)
West Bank
0 migrant(s)/1,000 population (2008 est.)
Yemen
NA (2008 est.)
Zambia
-2.63 migrant(s)/1,000 population (2008 est.)
Zimbabwe
NA
note: there is an increasing flow of Zimbabweans into South Africa
and Botswana in search of better economic opportunities (2008 est.)
This page was last updated on 18 December 2008
@2113 Geography - note
Afghanistan
landlocked; the Hindu Kush mountains that run northeast
to southwest divide the northern provinces from the rest of the
country; the highest peaks are in the northern Vakhan (Wakhan
Corridor)
Akrotiri
British extraterritorial rights also extended to several
small off-post sites scattered across Cyprus; of the Sovereign Base
Area land, 60% is privately owned and farmed, 20% is owned by the
Ministry of Defense, and 20% is SBA Crown land
Albania
strategic location along Strait of Otranto (links Adriatic
Sea to Ionian Sea and Mediterranean Sea)
Algeria
second-largest country in Africa (after Sudan)
American Samoa
Pago Pago has one of the best natural deepwater
harbors in the South Pacific Ocean, sheltered by shape from rough
seas and protected by peripheral mountains from high winds;
strategic location in the South Pacific Ocean
Andorra
landlocked; straddles a number of important crossroads in
the Pyrenees
Angola
the province of Cabinda is an exclave, separated from the
rest of the country by the Democratic Republic of the Congo
Anguilla
the most northerly of the Leeward Islands in the Lesser
Antilles
Antarctica
the coldest, windiest, highest (on average), and driest
continent; during summer, more solar radiation reaches the surface
at the South Pole than is received at the Equator in an equivalent
period; mostly uninhabitable
Antigua and Barbuda
Antigua has a deeply indented shoreline with
many natural harbors and beaches; Barbuda has a large western harbor
Arctic Ocean
major chokepoint is the southern Chukchi Sea (northern
access to the Pacific Ocean via the Bering Strait); strategic
location between North America and Russia; shortest marine link
between the extremes of eastern and western Russia; floating
research stations operated by the US and Russia; maximum snow cover
in March or April about 20 to 50 centimeters over the frozen ocean;
snow cover lasts about 10 months
Argentina
second-largest country in South America (after Brazil);
strategic location relative to sea lanes between the South Atlantic
and the South Pacific Oceans (Strait of Magellan, Beagle Channel,
Drake Passage); diverse geophysical landscapes range from tropical
climates in the north to tundra in the far south; Cerro Aconcagua is
the Western Hemisphere's tallest mountain, while Laguna del Carbon
is the lowest point in the Western Hemisphere
Armenia
landlocked in the Lesser Caucasus Mountains; Sevana Lich
(Lake Sevan) is the largest lake in this mountain range
Aruba
a flat, riverless island renowned for its white sand beaches;
its tropical climate is moderated by constant trade winds from the
Atlantic Ocean; the temperature is almost constant at about 27
degrees Celsius (81 degrees Fahrenheit)
Ashmore and Cartier Islands
Ashmore Reef National Nature Reserve
established in August 1983; Cartier Island Marine Reserve
established in 2000
Atlantic Ocean
major chokepoints include the Dardanelles, Strait of
Gibraltar, access to the Panama and Suez Canals; strategic straits
include the Strait of Dover, Straits of Florida, Mona Passage, The
Sound (Oresund), and Windward Passage; the Equator divides the
Atlantic Ocean into the North Atlantic Ocean and South Atlantic Ocean
Australia
world's smallest continent but sixth-largest country;
population concentrated along the eastern and southeastern coasts;
the invigorating sea breeze known as the "Fremantle Doctor" affects
the city of Perth on the west coast, and is one of the most
consistent winds in the world
Austria
landlocked; strategic location at the crossroads of central
Europe with many easily traversable Alpine passes and valleys; major
river is the Danube; population is concentrated on eastern lowlands
because of steep slopes, poor soils, and low temperatures elsewhere
Azerbaijan
both the main area of the country and the Naxcivan
exclave are landlocked
Bahamas, The
strategic location adjacent to US and Cuba; extensive
island chain of which 30 are inhabited
Bahrain
close to primary Middle Eastern petroleum sources; strategic
location in Persian Gulf, through which much of the Western world's
petroleum must transit to reach open ocean
Bangladesh
most of the country is situated on deltas of large rivers
flowing from the Himalayas: the Ganges unites with the Jamuna (main
channel of the Brahmaputra) and later joins the Meghna to eventually
empty into the Bay of Bengal
Barbados
easternmost Caribbean island
Belarus
landlocked; glacial scouring accounts for the flatness of
Belarusian terrain and for its 11,000 lakes
Belgium
crossroads of Western Europe; most West European capitals
within 1,000 km of Brussels, the seat of both the European Union and
NATO
Belize
only country in Central America without a coastline on the
North Pacific Ocean
Benin
sandbanks create difficult access to a coast with no natural
harbors, river mouths, or islands
Bermuda
consists of about 138 coral islands and islets with ample
rainfall, but no rivers or freshwater lakes; some land was leased by
US Government from 1941 to 1995
Bhutan
landlocked; strategic location between China and India;
controls several key Himalayan mountain passes
Bolivia
landlocked; shares control of Lago Titicaca, world's highest
navigable lake (elevation 3,805 m), with Peru
Bosnia and Herzegovina
within Bosnia and Herzegovina's recognized
borders, the country is divided into a joint Bosniak/Croat
Federation (about 51% of the territory) and the Bosnian Serb-led
Republika Srpska or RS (about 49% of the territory); the region
called Herzegovina is contiguous to Croatia and Montenegro, and
traditionally has been settled by an ethnic Croat majority in the
west and an ethnic Serb majority in the east
Botswana
landlocked; population concentrated in eastern part of the
country
Bouvet Island
covered by glacial ice; declared a nature reserve
Norway
Brazil
largest country in South America; shares common boundaries
with every South American country except Chile and Ecuador
British Indian Ocean Territory archipelago of 55 islands; Diego Garcia, largest and southernmost island, occupies strategic location in central Indian Ocean; island is site of joint US-UK military facility
British Virgin Islands
strong ties to nearby US Virgin Islands and
Puerto Rico
Brunei
close to vital sea lanes through South China Sea linking
Indian and Pacific Oceans; two parts physically separated by
Malaysia; almost an enclave within Malaysia
Bulgaria
strategic location near Turkish Straits; controls key land
routes from Europe to Middle East and Asia
Burkina Faso
landlocked savanna cut by the three principal rivers of
the Black, Red, and White Voltas
Burma
strategic location near major Indian Ocean shipping lanes
Burundi
landlocked; straddles crest of the Nile-Congo watershed; the
Kagera, which drains into Lake Victoria, is the most remote
headstream of the White Nile
Cambodia
a land of paddies and forests dominated by the Mekong River
and Tonle Sap
Cameroon
sometimes referred to as the hinge of Africa; throughout
the country there are areas of thermal springs and indications of
current or prior volcanic activity; Mount Cameroon, the highest
mountain in Sub-Saharan west Africa, is an active volcano
Canada
second-largest country in world (after Russia); strategic
location between Russia and US via north polar route; approximately
90% of the population is concentrated within 160 km of the US border
Cape Verde
strategic location 500 km from west coast of Africa near
major north-south sea routes; important communications station;
important sea and air refueling site
Cayman Islands
important location between Cuba and Central America
Central African Republic
landlocked; almost the precise center of
Africa
Chad
landlocked; Lake Chad is the most significant water body in the
Sahel
Chile
strategic location relative to sea lanes between Atlantic and
Pacific Oceans (Strait of Magellan, Beagle Channel, Drake Passage);
Atacama Desert is one of world's driest regions
China
world's fourth largest country (after Russia, Canada, and US);
Mount Everest on the border with Nepal is the world's tallest peak
Christmas Island
located along major sea lanes of Indian Ocean
Clipperton Island
reef 12 km in circumference
Cocos (Keeling) Islands
islands are thickly covered with coconut
palms and other vegetation; site of a World War I naval battle in
November 1914 between the Australian light cruiser HMAS Sydney and
the German raider SMS Emden; after being heavily damaged in the
engagement, the Emden was beached by her captain on North Keeling
Island
Colombia
only South American country with coastlines on both the
North Pacific Ocean and Caribbean Sea
Comoros
important location at northern end of Mozambique Channel
Congo, Democratic Republic of the straddles equator; has narrow strip of land that controls the lower Congo River and is only outlet to South Atlantic Ocean; dense tropical rain forest in central river basin and eastern highlands
Congo, Republic of the
about 70% of the population lives in
Brazzaville, Pointe-Noire, or along the railroad between them
Cook Islands
the northern Cook Islands are seven low-lying, sparsely
populated, coral atolls; the southern Cook Islands, where most of
the population lives, consist of eight elevated, fertile, volcanic
isles, including the largest, Rarotonga, at 67 sq km
Coral Sea Islands
important nesting area for birds and turtles
Costa Rica
four volcanoes, two of them active, rise near the capital
of San Jose in the center of the country; one of the volcanoes,
Irazu, erupted destructively in 1963-65
Cote d'Ivoire
most of the inhabitants live along the sandy coastal
region; apart from the capital area, the forested interior is
sparsely populated
Croatia
controls most land routes from Western Europe to Aegean Sea
and Turkish Straits; most Adriatic Sea islands lie off the coast of
Croatia - some 1,200 islands, islets, ridges, and rocks
Cuba
largest country in Caribbean and westernmost island of the
Greater Antilles
Cyprus
the third largest island in the Mediterranean Sea (after
Sicily and Sardinia)
Czech Republic
landlocked; strategically located astride some of
oldest and most significant land routes in Europe; Moravian Gate is
a traditional military corridor between the North European Plain and
the Danube in central Europe
Denmark
controls Danish Straits (Skagerrak and Kattegat) linking
Baltic and North Seas; about one-quarter of the population lives in
greater Copenhagen
Dhekelia
British extraterritorial rights also extended to several
small off-post sites scattered across Cyprus; of the Sovereign Base
Area land 60% is privately owned and farmed, 20% is owned by the
Ministry of Defense, and 20% is SBA Crown land
Djibouti
strategic location near world's busiest shipping lanes and
close to Arabian oilfields; terminus of rail traffic into Ethiopia;
mostly wasteland; Lac Assal (Lake Assal) is the lowest point in
Africa
Dominica
known as "The Nature Island of the Caribbean" due to its
spectacular, lush, and varied flora and fauna, which are protected
by an extensive natural park system; the most mountainous of the
Lesser Antilles, its volcanic peaks are cones of lava craters and
include Boiling Lake, the second-largest, thermally active lake in
the world
Dominican Republic
shares island of Hispaniola with Haiti
Ecuador
Cotopaxi in Andes is highest active volcano in world
Egypt
controls Sinai Peninsula, only land bridge between Africa and
remainder of Eastern Hemisphere; controls Suez Canal, a sea link
between Indian Ocean and Mediterranean Sea; size, and juxtaposition
to Israel, establish its major role in Middle Eastern geopolitics;
dependence on upstream neighbors; dominance of Nile basin issues;
prone to influxes of refugees
El Salvador
smallest Central American country and only one without a
coastline on Caribbean Sea
Equatorial Guinea
insular and continental regions widely separated
Eritrea
strategic geopolitical position along world's busiest
shipping lanes; Eritrea retained the entire coastline of Ethiopia
along the Red Sea upon de jure independence from Ethiopia on 24 May
1993
Estonia
the mainland terrain is flat, boggy, and partly wooded;
offshore lie more than 1,500 islands
Ethiopia
landlocked - entire coastline along the Red Sea was lost
with the de jure independence of Eritrea on 24 May 1993; the Blue
Nile, the chief headstream of the Nile by water volume, rises in
T'ana Hayk (Lake Tana) in northwest Ethiopia; three major crops are
believed to have originated in Ethiopia: coffee, grain sorghum, and
castor bean
Falkland Islands (Islas Malvinas)
deeply indented coast provides
good natural harbors; short growing season
Faroe Islands
archipelago of 17 inhabited islands and one
uninhabited island, and a few uninhabited islets; strategically
located along important sea lanes in northeastern Atlantic;
precipitous terrain limits habitation to small coastal lowlands
Fiji
includes 332 islands; approximately 110 are inhabited
Finland
long boundary with Russia; Helsinki is northernmost national
capital on European continent; population concentrated on small
southwestern coastal plain
France
largest West European nation
French Polynesia
includes five archipelagoes (four volcanic, one
coral); Makatea in French Polynesia is one of the three great
phosphate rock islands in the Pacific Ocean - the others are Banaba
(Ocean Island) in Kiribati and Nauru
French Southern and Antarctic Lands islands component is widely scattered across remote locations in the southern Indian Ocean Bassas da India (Iles Eparses): the atoll is a circular reef that sits atop a long-extinct, submerged volcano Europa Island and Juan de Nova Island (Iles Eparses): wildlife sanctuary for seabirds and sea turtles Glorioso Island (Iles Eparses): the islands and rocks are surrounded by an extensive reef system Tromelin Island (Iles Eparses): climatologically important location for forecasting cyclones in the western Indian Ocean; wildlife sanctuary (seabirds, tortoises)
Gabon
a small population and oil and mineral reserves have helped
Gabon become one of Africa's wealthier countries; in general, these
circumstances have allowed the country to maintain and conserve its
pristine rain forest and rich biodiversity
Gambia, The
almost an enclave of Senegal; smallest country on the
continent of Africa
Gaza Strip
strategic strip of land along Mideast-North African trade
routes has experienced an incredibly turbulent history; the town of
Gaza itself has been besieged countless times in its history
Georgia
strategically located east of the Black Sea; Georgia
controls much of the Caucasus Mountains and the routes through them
Germany
strategic location on North European Plain and along the
entrance to the Baltic Sea
Ghana
Lake Volta is the world's largest artificial lake
Gibraltar
strategic location on Strait of Gibraltar that links the
North Atlantic Ocean and Mediterranean Sea
Greece
strategic location dominating the Aegean Sea and southern
approach to Turkish Straits; a peninsular country, possessing an
archipelago of about 2,000 islands
Greenland
dominates North Atlantic Ocean between North America and
Europe; sparse population confined to small settlements along coast;
close to one-quarter of the population lives in the capital, Nuuk;
world's second largest ice cap
Grenada
the administration of the islands of the Grenadines group is
divided between Saint Vincent and the Grenadines and Grenada
Guam
largest and southernmost island in the Mariana Islands
archipelago; strategic location in western North Pacific Ocean
Guatemala
no natural harbors on west coast
Guernsey
large, deepwater harbor at Saint Peter Port
Guinea
the Niger and its important tributary the Milo have their
sources in the Guinean highlands
Guinea-Bissau
this small country is swampy along its western coast
and low-lying inland
Guyana
the third-smallest country in South America after Suriname
and Uruguay; substantial portions of its western and eastern
territories are claimed by Venezuela and Suriname respectively
Haiti
shares island of Hispaniola with Dominican Republic (western
one-third is Haiti, eastern two-thirds is the Dominican Republic)
Heard Island and McDonald Islands Mawson Peak on Heard Island is the highest Australian mountain (at 2,745 meters, it is taller than Mt. Kosciuszko in Australia proper), and one of only two active volcanoes located in Australian territory, the other being McDonald Island; in 1992, McDonald Island broke its dormancy and began erupting; it has erupted several times since, the most recent being in 2005
Holy See (Vatican City)
landlocked; enclave in Rome, Italy; world's
smallest state; beyond the territorial boundary of Vatican City, the
Lateran Treaty of 1929 grants the Holy See extraterritorial
authority over 23 sites in Rome and five outside of Rome, including
the Pontifical Palace at Castel Gandolfo (the Pope's summer
residence)
Honduras
has only a short Pacific coast but a long Caribbean
shoreline, including the virtually uninhabited eastern Mosquito Coast
Hong Kong
more than 200 islands
Hungary
landlocked; strategic location astride main land routes
between Western Europe and Balkan Peninsula as well as between
Ukraine and Mediterranean basin; the north-south flowing Duna
(Danube) and Tisza Rivers divide the country into three large regions
Iceland
strategic location between Greenland and Europe; westernmost
European country; Reykjavik is the northernmost national capital in
the world; more land covered by glaciers than in all of continental
Europe
India
dominates South Asian subcontinent; near important Indian
Ocean trade routes; Kanchenjunga, third tallest mountain in the
world, lies on the border with Nepal
Indian Ocean
major chokepoints include Bab el Mandeb, Strait of
Hormuz, Strait of Malacca, southern access to the Suez Canal, and
the Lombok Strait
Indonesia
archipelago of 17,508 islands (6,000 inhabited); straddles
equator; strategic location astride or along major sea lanes from
Indian Ocean to Pacific Ocean
Iran
strategic location on the Persian Gulf and Strait of Hormuz,
which are vital maritime pathways for crude oil transport
Iraq
strategic location on Shatt al Arab waterway and at the head of
the Persian Gulf
Ireland
strategic location on major air and sea routes between North
America and northern Europe; over 40% of the population resides
within 100 km of Dublin
Isle of Man
one small islet, the Calf of Man, lies to the southwest
and is a bird sanctuary
Israel
there are about 340 Israeli civilian sites - including 100
small outpost communities in the West Bank - as well as 42 sites in
the Golan Heights, 0 in the Gaza Strip, and 29 in East Jerusalem
(July 2008 est.); Lake Tiberias (Sea of Galilee) is an important
freshwater source
Italy
strategic location dominating central Mediterranean as well as
southern sea and air approaches to Western Europe
Jamaica
strategic location between Cayman Trench and Jamaica
Channel, the main sea lanes for the Panama Canal
Jan Mayen
barren volcanic island with some moss and grass
Japan
strategic location in northeast Asia
Jersey
largest and southernmost of Channel Islands; about 30% of
population concentrated in Saint Helier
Jordan
strategic location at the head of the Gulf of Aqaba and as
the Arab country that shares the longest border with Israel and the
occupied West Bank
Kazakhstan
landlocked; Russia leases approximately 6,000 sq km of
territory enclosing the Baykonur Cosmodrome; in January 2004,
Kazakhstan and Russia extended the lease to 2050
Kenya
the Kenyan Highlands comprise one of the most successful
agricultural production regions in Africa; glaciers are found on
Mount Kenya, Africa's second highest peak; unique physiography
supports abundant and varied wildlife of scientific and economic
value
Kiribati
21 of the 33 islands are inhabited; Banaba (Ocean Island)
in Kiribati is one of the three great phosphate rock islands in the
Pacific Ocean - the others are Makatea in French Polynesia, and Nauru
Korea, North
strategic location bordering China, South Korea, and
Russia; mountainous interior is isolated and sparsely populated
Korea, South
strategic location on Korea Strait
Kuwait
strategic location at head of Persian Gulf
Kyrgyzstan
landlocked; entirely mountainous, dominated by the Tien
Shan range; many tall peaks, glaciers, and high-altitude lakes
Laos
landlocked; most of the country is mountainous and thickly
forested; the Mekong River forms a large part of the western
boundary with Thailand
Latvia
most of the country is composed of fertile, low-lying plains,
with some hills in the east
Lebanon
Nahr el Litani is the only major river in Near East not
crossing an international boundary; rugged terrain historically
helped isolate, protect, and develop numerous factional groups based
on religion, clan, and ethnicity
Lesotho
landlocked, completely surrounded by South Africa;
mountainous, more than 80% of the country is 1,800 m above sea level
Liberia
facing the Atlantic Ocean, the coastline is characterized by
lagoons, mangrove swamps, and river-deposited sandbars; the inland
grassy plateau supports limited agriculture
Libya
more than 90% of the country is desert or semidesert
Liechtenstein
along with Uzbekistan, one of only two doubly
landlocked countries in the world; variety of microclimatic
variations based on elevation
Lithuania
fertile central plains are separated by hilly uplands that
are ancient glacial deposits
Luxembourg
landlocked; the only Grand Duchy in the world
Macau
essentially urban; an area of land reclaimed from the sea
measuring 5.2 sq km and known as Cotai now connects the islands of
Coloane and Taipa; the island area is connected to the mainland
peninsula by three bridges
Macedonia
landlocked; major transportation corridor from Western and
Central Europe to Aegean Sea and Southern Europe to Western Europe
Madagascar
world's fourth-largest island; strategic location along
Mozambique Channel
Malawi
landlocked; Lake Nyasa, some 580 km long, is the country's
most prominent physical feature
Malaysia
strategic location along Strait of Malacca and southern
South China Sea
Maldives
1,190 coral islands grouped into 26 atolls (200 inhabited
islands, plus 80 islands with tourist resorts); archipelago with
strategic location astride and along major sea lanes in Indian Ocean
Mali
landlocked; divided into three natural zones: the southern,
cultivated Sudanese; the central, semiarid Sahelian; and the
northern, arid Saharan
Malta
the country comprises an archipelago, with only the three
largest islands (Malta, Ghawdex or Gozo, and Kemmuna or Comino)
being inhabited; numerous bays provide good harbors; Malta and
Tunisia are discussing the commercial exploitation of the
continental shelf between their countries, particularly for oil
exploration
Marshall Islands
the Marshall Islands Bikini and Enewetak are former
US nuclear test sites; Kwajalein atoll, famous as a World War II
battleground, surrounds the world's largest lagoon and is used as a
US missile test range; the island city of Ebeye is the second
largest settlement in the Marshall Islands, after the capital of
Majuro, and one of the most densely populated locations in the
Pacific
Mauritania
most of the population concentrated in the cities of
Nouakchott and Nouadhibou and along the Senegal River in the
southern part of the country
Mauritius
the main island, from which the country derives its name,
is of volcanic origin and is almost entirely surrounded by coral
reefs; home of the dodo, a large flightless bird related to pigeons,
driven to extinction by the end of the 17th century through a
combination of hunting and the introduction of predatory species
Mayotte
part of Comoro Archipelago (18 islands)
Mexico
strategic location on southern border of US; corn (maize),
one of the world's major grain crops, is thought to have originated
in Mexico
Micronesia, Federated States of
four major island groups totaling
607 islands
Moldova
landlocked; well endowed with various sedimentary rocks and
minerals including sand, gravel, gypsum, and limestone
Monaco
second-smallest independent state in the world (after Holy
See); almost entirely urban
Mongolia
landlocked; strategic location between China and Russia
Montenegro
strategic location along the Adriatic coast
Montserrat
the island is entirely volcanic in origin and comprised
of three major volcanic centers of differing ages
Morocco
strategic location along Strait of Gibraltar
Mozambique
the Zambezi flows through the north-central and most
fertile part of the country
Namibia
first country in the world to incorporate the protection of
the environment into its constitution; some 14% of the land is
protected, including virtually the entire Namib Desert coastal strip
Nauru
Nauru is one of the three great phosphate rock islands in the
Pacific Ocean - the others are Banaba (Ocean Island) in Kiribati and
Makatea in French Polynesia; only 53 km south of Equator
Navassa Island
strategic location 160 km south of the US Naval Base
at Guantanamo Bay, Cuba; mostly exposed rock with numerous solution
holes but with enough grassland to support goat herds; dense stands
of fig trees, scattered cactus
Nepal
landlocked; strategic location between China and India;
contains eight of world's 10 highest peaks, including Mount Everest
and Kanchenjunga - the world's tallest and third tallest - on the
borders with China and India respectively
Netherlands
located at mouths of three major European rivers (Rhine,
Maas or Meuse, and Schelde)
Netherlands Antilles
the five islands of the Netherlands Antilles
are divided geographically into the Leeward Islands (northern) group
(Saba, Sint Eustatius, and Sint Maarten) and the Windward Islands
(southern) group (Bonaire and Curacao); the island of Saint Martin
is the smallest landmass in the world shared by two independent
states, the French territory of Saint Martin and the Dutch territory
of Sint Maarten
New Caledonia
consists of the main island of New Caledonia (one of
the largest in the Pacific Ocean), the archipelago of Iles Loyaute,
and numerous small, sparsely populated islands and atolls
New Zealand
about 80% of the population lives in cities; Wellington
is the southernmost national capital in the world
Nicaragua
largest country in Central America; contains the largest
freshwater body in Central America, Lago de Nicaragua
Niger
landlocked; one of the hottest countries in the world;
northern four-fifths is desert, southern one-fifth is savanna,
suitable for livestock and limited agriculture
Nigeria
the Niger enters the country in the northwest and flows
southward through tropical rain forests and swamps to its delta in
the Gulf of Guinea
Niue
one of world's largest coral islands
Norfolk Island
most of the 32 km coastline consists of almost
inaccessible cliffs, but the land slopes down to the sea in one
small southern area on Sydney Bay, where the capital of Kingston is
situated
Northern Mariana Islands
strategic location in the North Pacific
Ocean
Norway
about two-thirds mountains; some 50,000 islands off its much
indented coastline; strategic location adjacent to sea lanes and air
routes in North Atlantic; one of most rugged and longest coastlines
in the world
Oman
strategic location on Musandam Peninsula adjacent to Strait of
Hormuz, a vital transit point for world crude oil
Pacific Ocean
the major chokepoints are the Bering Strait, Panama
Canal, Luzon Strait, and the Singapore Strait; the Equator divides
the Pacific Ocean into the North Pacific Ocean and the South Pacific
Ocean; dotted with low coral islands and rugged volcanic islands in
the southwestern Pacific Ocean
Pakistan
controls Khyber Pass and Bolan Pass, traditional invasion
routes between Central Asia and the Indian Subcontinent
Palau
westernmost archipelago in the Caroline chain, consists of six
island groups totaling more than 300 islands; includes World War II
battleground of Beliliou (Peleliu) and world-famous rock islands
Panama
strategic location on eastern end of isthmus forming land
bridge connecting North and South America; controls Panama Canal
that links North Atlantic Ocean via Caribbean Sea with North Pacific
Ocean
Papua New Guinea
shares island of New Guinea with Indonesia; one of
world's largest swamps along southwest coast
Paracel Islands
composed of 130 small coral islands and reefs
divided into the northeast Amphitrite Group and the western Crescent
Group
Paraguay
landlocked; lies between Argentina, Bolivia, and Brazil;
population concentrated in southern part of country
Peru
shares control of Lago Titicaca, world's highest navigable
lake, with Bolivia; a remote slope of Nevado Mismi, a 5,316 m peak,
is the ultimate source of the Amazon River
Philippines
the Philippine archipelago is made up of 7,107 islands;
favorably located in relation to many of Southeast Asia's main water
bodies: the South China Sea, Philippine Sea, Sulu Sea, Celebes Sea,
and Luzon Strait
Pitcairn Islands
Britain's most isolated dependency; only the larger
island of Pitcairn is inhabited but it has no port or natural
harbor; supplies must be transported by rowed longboat from larger
ships stationed offshore
Poland
historically, an area of conflict because of flat terrain and
the lack of natural barriers on the North European Plain
Portugal
Azores and Madeira Islands occupy strategic locations along
western sea approaches to Strait of Gibraltar
Puerto Rico
important location along the Mona Passage - a key
shipping lane to the Panama Canal; San Juan is one of the biggest
and best natural harbors in the Caribbean; many small rivers and
high central mountains ensure land is well watered; south coast
relatively dry; fertile coastal plain belt in north
Qatar
strategic location in central Persian Gulf near major
petroleum deposits
Romania
controls most easily traversable land route between the
Balkans, Moldova, and Ukraine
Russia
largest country in the world in terms of area but unfavorably
located in relation to major sea lanes of the world; despite its
size, much of the country lacks proper soils and climates (either
too cold or too dry) for agriculture; Mount El'brus is Europe's
tallest peak
Rwanda
landlocked; most of the country is savanna grassland with the
population predominantly rural
Saint Helena
Saint Helena harbors at least 40 species of plants
unknown anywhere else in the world; Ascension is a breeding ground
for sea turtles and sooty terns; Queen Mary's Peak on Tristan da
Cunha is the highest island mountain in the South Atlantic and a
prominent landmark on the sea lanes around southern Africa
Saint Kitts and Nevis
with coastlines in the shape of a baseball bat
and ball, the two volcanic islands are separated by a 3-km-wide
channel called The Narrows; on the southern tip of long, baseball
bat-shaped Saint Kitts lies the Great Salt Pond; Nevis Peak sits in
the center of its almost circular namesake island and its ball shape
complements that of its sister island
Saint Lucia
the twin Pitons (Gros Piton and Petit Piton), striking
cone-shaped peaks south of Soufriere, are one of the scenic natural
highlights of the Caribbean
Saint Martin
the island of Saint Martin is the smallest landmass in
the world shared by two independent states, the French territory of
Saint Martin and the Dutch territory of Sint Maarten
Saint Pierre and Miquelon
vegetation scanty
Saint Vincent and the Grenadines the administration of the islands of the Grenadines group is divided between Saint Vincent and the Grenadines and Grenada; Saint Vincent and the Grenadines is comprised of 32 islands and cays
Samoa
occupies an almost central position within Polynesia
San Marino
landlocked; smallest independent state in Europe after
the Holy See and Monaco; dominated by the Apennines
Sao Tome and Principe
the smallest country in Africa; the two main
islands form part of a chain of extinct volcanoes and both are
mountainous
Saudi Arabia
extensive coastlines on Persian Gulf and Red Sea
provide great leverage on shipping (especially crude oil) through
Persian Gulf and Suez Canal
Senegal
westernmost country on the African continent; The Gambia is
almost an enclave within Senegal
Serbia
controls one of the major land routes from Western Europe to
Turkey and the Near East
Seychelles
41 granitic and about 75 coralline islands
Sierra Leone
rainfall along the coast can reach 495 cm (195 inches)
a year, making it one of the wettest places along coastal, western
Africa
Singapore
focal point for Southeast Asian sea routes
Slovakia
landlocked; most of the country is rugged and mountainous;
the Tatra Mountains in the north are interspersed with many scenic
lakes and valleys
Slovenia
despite its small size, this eastern Alpine country
controls some of Europe's major transit routes
Solomon Islands
strategic location on sea routes between the South
Pacific Ocean, the Solomon Sea, and the Coral Sea; on 2 April 2007
an undersea earthquake measuring 8.1 on the Richter scale occurred
345 km WNW of the capital Honiara, the resulting tsunami devastated
coastal areas of Western and Choiseul provinces with dozens of
deaths and thousands dislocated; the provincial capital of Gizo was
especially hard hit
Somalia
strategic location on Horn of Africa along southern
approaches to Bab el Mandeb and route through Red Sea and Suez Canal
South Africa
South Africa completely surrounds Lesotho and almost
completely surrounds Swaziland
South Georgia and the South Sandwich Islands
the north coast of
South Georgia has several large bays, which provide good anchorage;
reindeer, introduced early in the 20th century, live on South Georgia
Southern Ocean
the major chokepoint is the Drake Passage between
South America and Antarctica; the Polar Front (Antarctic
Convergence) is the best natural definition of the northern extent
of the Southern Ocean; it is a distinct region at the middle of the
Antarctic Circumpolar Current that separates the cold polar surface
waters to the south from the warmer waters to the north; the Front
and the Current extend entirely around Antarctica, reaching south of
60 degrees south near New Zealand and near 48 degrees south in the
far South Atlantic coinciding with the path of the maximum westerly
winds
Spain
strategic location along approaches to Strait of Gibraltar
Spratly Islands
strategically located near several primary shipping
lanes in the central South China Sea; includes numerous small
islands, atolls, shoals, and coral reefs
Sri Lanka
strategic location near major Indian Ocean sea lanes
Sudan
largest country in Africa; dominated by the Nile and its
tributaries
Suriname
smallest independent country on South American continent;
mostly tropical rain forest; great diversity of flora and fauna
that, for the most part, is increasingly threatened by new
development; relatively small population, mostly along the coast
Svalbard
northernmost part of the Kingdom of Norway; consists of
nine main islands; glaciers and snowfields cover 60% of the total
area; Spitsbergen Island is the site of the Svalbard Global Seed
Vault, a seed repository established by the Global Crop Diversity
Trust and the Norwegian Government
Swaziland
landlocked; almost completely surrounded by South Africa
Sweden
strategic location along Danish Straits linking Baltic and
North Seas
Switzerland
landlocked; crossroads of northern and southern Europe;
along with southeastern France, northern Italy, and southwestern
Austria, has the highest elevations in the Alps
Syria
there are 42 Israeli settlements and civilian land use sites
in the Israeli-occupied Golan Heights (August 2005 est.)
Taiwan
strategic location adjacent to both the Taiwan Strait and the
Luzon Strait
Tajikistan
landlocked; mountainous region dominated by the
Trans-Alay Range in the north and the Pamirs in the southeast;
highest point, Qullai Ismoili Somoni (formerly Communism Peak), was
the tallest mountain in the former USSR
Tanzania
Kilimanjaro is highest point in Africa; bordered by three
of the largest lakes on the continent: Lake Victoria (the world's
second-largest freshwater lake) in the north, Lake Tanganyika (the
world's second deepest) in the west, and Lake Nyasa in the southwest
Thailand
controls only land route from Asia to Malaysia and Singapore
Timor-Leste
Timor comes from the Malay word for "East"; the island
of Timor is part of the Malay Archipelago and is the largest and
easternmost of the Lesser Sunda Islands
Togo
the country's length allows it to stretch through six distinct
geographic regions; climate varies from tropical to savanna
Tokelau
consists of three atolls (Atafu, Fakaofo, Nukunonu), each
with a lagoon surrounded by a number of reef-bound islets of varying
length and rising to over 3 m above sea level
Tonga
archipelago of 169 islands (36 inhabited)
Trinidad and Tobago
Pitch Lake, on Trinidad's southwestern coast, is
the world's largest natural reservoir of asphalt
Tunisia
strategic location in central Mediterranean; Malta and
Tunisia are discussing the commercial exploitation of the
continental shelf between their countries, particularly for oil
exploration
Turkey
strategic location controlling the Turkish Straits (Bosporus,
Sea of Marmara, Dardanelles) that link Black and Aegean Seas; Mount
Ararat, the legendary landing place of Noah's ark, is in the far
eastern portion of the country
Turkmenistan
landlocked; the western and central low-lying desolate
portions of the country make up the great Garagum (Kara-Kum) desert,
which occupies over 80% of the country; eastern part is plateau
Turks and Caicos Islands
about 40 islands (eight inhabited)
Tuvalu
one of the smallest and most remote countries on Earth; six
of the nine coral atolls - Nanumea, Nui, Vaitupu, Nukufetau,
Funafuti, and Nukulaelae - have lagoons open to the ocean; Nanumaya
and Niutao have landlocked lagoons; Niulakita does not have a lagoon
Uganda
landlocked; fertile, well-watered country with many lakes and
rivers
Ukraine
strategic position at the crossroads between Europe and
Asia; second-largest country in Europe
United Arab Emirates
strategic location along southern approaches to
Strait of Hormuz, a vital transit point for world crude oil
United Kingdom
lies near vital North Atlantic sea lanes; only 35 km
from France and linked by tunnel under the English Channel; because
of heavily indented coastline, no location is more than 125 km from
tidal waters
United States
world's third-largest country by size (after Russia
and Canada) and by population (after China and India); Mt. McKinley
is highest point in North America and Death Valley the lowest point
on the continent
United States Pacific Island Wildlife Refuges
Baker, Howland, and
Jarvis Islands: scattered vegetation consisting of grasses,
prostrate vines, and low growing shrubs; primarily a nesting,
roosting, and foraging habitat for seabirds, shorebirds, and marine
wildlife; closed to the public
Johnston Atoll: Johnston Island and Sand Island are natural islands,
which have been expanded by coral dredging; North Island (Akau) and
East Island (Hikina) are manmade islands formed from coral dredging;
the egg-shaped reef is 34 km in circumference; closed to the public
Kingman Reef: barren coral atoll with deep interior lagoon; closed
to the public
Midway Islands: a coral atoll managed as a national wildlife refuge
and open to the public for wildlife-related recreation in the form
of wildlife observation and photography
Palmyra Atoll: the high rainfall and resulting lush vegetation make
the environment of this atoll unique among the US Pacific Island
territories; supports a large undisturbed stand of Pisonia beach
forest
Uruguay
second-smallest South American country (after Suriname);
most of the low-lying landscape (three-quarters of the country) is
grassland, ideal for cattle and sheep raising
Uzbekistan
along with Liechtenstein, one of the only two doubly
landlocked countries in the world
Vanuatu
a Y-shaped chain of four main islands and 80 smaller
islands; several of the islands have active volcanoes
Venezuela
on major sea and air routes linking North and South
America; Angel Falls in the Guiana Highlands is the world's highest
waterfall
Vietnam
extending 1,650 km north to south, the country is only 50 km
across at its narrowest point
Virgin Islands
important location along the Anegada Passage - a key
shipping lane for the Panama Canal; Saint Thomas has one of the best
natural deepwater harbors in the Caribbean
Wake Island
strategic location in the North Pacific Ocean; emergency
landing location for transpacific flights
Wallis and Futuna
both island groups have fringing reefs
West Bank
landlocked; highlands are main recharge area for Israel's
coastal aquifers; there are about 340 Israeli civilian
sites—including 100 small outpost communities in the West Bank and
29 sites in East Jerusalem (July 2008 est.)
Western Sahara
the waters off the coast are particularly rich
fishing areas
World
the world is now thought to be about 4.55 billion years old,
just about one-third of the 13.7-billion-year age estimated for the
universe
Yemen
strategic location on Bab el Mandeb, the strait linking the
Red Sea and the Gulf of Aden, one of world's most active shipping
lanes
Zambia
landlocked; the Zambezi forms a natural riverine boundary
with Zimbabwe
Zimbabwe
landlocked; the Zambezi forms a natural riverine boundary
with Zambia; in full flood (February-April) the massive Victoria
Falls on the river forms the world's largest curtain of falling water
This page was last updated on 18 December 2008
@2115 Political pressure groups and leaders
Afghanistan
other: religious groups; tribal leaders
Albania
Citizens Advocacy Office [Kreshnik SPAHIU]; Confederation of
Trade Unions of Albania or KSSH [Kastriot MUCO]; Front for Albanian
National Unification or FBKSH [Gafur ADILI]; Mjaft Movement; Omonia
[Jani JANI]; Union of Independent Trade Unions of Albania or BSPSH
[Gezim KALAJA]
Algeria
The Algerian Human Rights League or LADDH [Hocine ZEHOUANE];
SOS Disparus [Nacera DUTOUR]; Somoud [Ali MERABET]
American Samoa
Population Pressure LAS (addresses the growing
population pressures)
Andorra
NA
Angola
Front for the Liberation of the Enclave of Cabinda or FLEC
[N'zita Henriques TIAGO, Antonio Bento BEMBE]
Anguilla
NA
Antigua and Barbuda
Antigua Trades and Labor Union or ATLU [William
ROBINSON]; People's Democratic Movement or PDM [Hugh MARSHALL]
Argentina
Argentine Association of Pharmaceutical Labs (CILFA);
Argentine Industrial Union (manufacturers' association); Argentine
Rural Confederation or CRA (small to medium landowners'
association); Argentine Rural Society (large landowners'
association); Central of Argentine Workers or CTA (a radical union
for employed and unemployed workers); General Confederation of Labor
or CGT (Peronist-leaning umbrella labor organization); Roman
Catholic Church
other: business organizations; Peronist-dominated labor movement;
Piquetero groups (popular protest organizations that can be either
pro or anti-government); students
Armenia
Aylentrank (Impeachment) [Nikol PASHINYAN]; Yerkrapah Union
[Manvel GRIGORIAN]
Aruba
other: environmental groups
Australia
other: business groups; environmental groups; social
groups; trade unions
Austria
Austrian Trade Union Federation or OeGB (nominally
independent but primarily Social Democratic); Federal Economic
Chamber; OeVP-oriented Association of Austrian Industrialists or IV;
Roman Catholic Church, including its chief lay organization,
Catholic Action
other: three composite leagues of the Austrian People's Party or
OeVP representing business, labor, farmers, and other nongovernment
organizations in the areas of environment and human rights
Azerbaijan
Armenian Nagorno-Karabakh Republic (self-proclaimed);
Karabakh Liberation Organization; Sadval, Lezgin movement; Talysh
independence movement; Union of Pro-Azerbaijani Forces or UPAF
Bahamas, The
Friends of the Environment
other: trade unions
Bahrain
Shia activists; Sunni Islamist legislators
other: several small leftist and other groups are active
Bangladesh
Advocacy to End Gender-based Violence through the MoWCA
(Ministry of Women's and Children's Affairs)
other: environmentalists; Islamist groups; religious leaders;
teachers; union leaders
Barbados
Barbados Secondary Teachers' Union or BSTU [Patrick FROST];
Barbados Union of Teachers or BUT [Herbert GITTENS]; Congress of
Trade Unions and Staff Associations of Barbados or CTUSAB, (includes
the BWU, NUPW, BUT, and BSTU) [Leroy TROTMAN]; Barbados Workers
Union or BWU [Leroy TROTMAN]; Clement Payne Labor Union [David
COMISSIONG]; National Union of Public Workers [Joseph GODDARD]
Belarus
Assembly of Pro-Democratic NGOs [Sergey MATSKEVICH];
Belarusian Congress of Democratic Trade Unions [Aleksandr YAROSHUK];
Belarusian Helsinki Committee [Tatiana PROTKO]; Belarusian
Organization of Working Women [Irina ZHIKHAR]; Charter 97 [Andrey
SANNIKOV]; For Freedom (unregistered) [Aleksandr MILINKEVICH]; Lenin
Communist Union of Youth (youth wing of the Belarusian Party of
Communists or PKB); National Strike Committee of Entrepreneurs
[Aleksandr VASILYEV, Valery LEVONEVSKY]; Partnership NGO [Nikolay
ASTREYKA]; Perspektiva kiosk watchdog NGO [Anatol SHUMCHENKO];
Vyasna [Ales BYALATSKY]; Women's Independent Democratic Movement
[Ludmila PETINA]; Youth Front (Malady Front) [Dmitriy DASHKEVICH,
Sergey BAKHUN]; Zubr youth group [Vladimir KOBETS]
Belgium
Christian, Socialist, and Liberal Trade Unions; Federation
of Belgian Industries
other: numerous other associations representing bankers,
manufacturers, middle-class artisans, and the legal and medical
professions; various organizations represent the cultural interests
of Flanders and Wallonia; various peace groups such as Pax Christi
and groups representing immigrants
Belize
Society for the Promotion of Education and Research or SPEAR
[Gustavo PERERA]; Association of Concerned Belizeans or ACB [David
VASQUEZ]; National Trade Union Congress of Belize or NTUC/B [Rene
GOMEZ]
Benin
other: economic groups; environmentalists; political groups;
teachers' unions and other educational groups
Bermuda
Bermuda Employer's Union [Eddie SAINTS]; Bermuda Industrial
Union or BIU [Derrick BURGESS]; Bermuda Public Services Union or
BPSU [Ed BALL]; Bermuda Union of Teachers [Michael CHARLES]
Bhutan
United Front for Democracy (exiled)
other: Buddhist clergy; ethnic Nepalese organizations leading
militant antigovernment campaign; Indian merchant community
Bolivia
Sole Confederation of Campesino Workers of Bolivia or CSUTCB
other: Cocalero groups; indigenous organizations; labor unions
Bosnia and Herzegovina
other: displaced persons associations;
student councils; war veterans
Botswana
First People of the Kalahari (Bushman organization); Pitso
Ya Ba Tswana; Society for the Promotion of Ikalanga Language
(Kalanga elites)
other: diamond mining companies
Brazil
Landless Workers' Movement or MST
other: labor unions and federations; large farmers' associations;
religious groups including evangelical Christian churches and the
Catholic Church
British Virgin Islands
The Family Support Network; The Women's Desk
other: environmentalists
Brunei
NA
Bulgaria
Confederation of Independent Trade Unions of Bulgaria or
CITUB; Podkrepa Labor Confederation
other: numerous regional, ethnic, and national interest groups with
various agendas
Burkina Faso
Burkinabe General Confederation of Labor or CGTB [Tole
SAGNON]; Burkinabe Movement for Human Rights or MBDHP [Chrysigone
ZOUGMORE]; Group of 14 February [Benewende STANISLAS]; National
Confederation of Burkinabe Workers or CNTB [Laurent OUEDRAOGO];
National Organization of Free Unions or ONSL [Paul KABORE]
other: watchdog/political action groups throughout the country in
both organizations and communities
Burma
Ethnic Nationalities Council or ENC (based in Thailand);
Federation of Trade Unions-Burma or FTUB (exile trade union and
labor advocates); National Coalition Government of the Union of
Burma or NCGUB (self-proclaimed government in exile) ["Prime
Minister" Dr. SEIN WIN] consists of individuals, some legitimately
elected to the People's Assembly in 1990 (the group fled to a border
area and joined insurgents in December 1990 to form parallel
government in exile); Kachin Independence Organization or KIO; Karen
National Union or KNU; Karenni National People's Party or KNPP;
National Council-Union of Burma or NCUB (exile coalition of
opposition groups); United Wa State Army or UWSA; Union Solidarity
and Development Association or USDA (pro-regime, a social and
political mass-member organization) [HTAY OO, general secretary]; 88
Generation Students (pro-democracy movement) [MIN KO NAING]
other: several Shan factions
Burundi
Observatoire de lutte contre la corruption et les
malversations economiques or OLUCOME [Gabriel RUFYIRI]
(anti-corruption pressure group)
other: Hutu and Tutsi militias (loosely organized)
Cambodia
Cambodian Freedom Fighters or CFF; Partnership for
Transparency Fund or PTF (anti-corruption organization); Students
Movement for Democracy; The Committee for Free and Fair Elections or
Comfrel
other: human rights organizations; vendors
Cameroon
Human Rights Defense Group [Albert MUKONG, president];
Southern Cameroon National Council [Ayamba Ette OTUN]
Canada
other: agricultural sector; automobile industry; business
groups; chemical industry; commercial banks; communications sector;
energy industry; environmentalists; public administration groups;
steel industry; trade unions
Cape Verde
other: environmentalists; political pressure groups
Cayman Islands
National Trust
other: environmentalists
Central African Republic
Monam (combating gender-base violence)
Chad
rebel groups
Chile
Roman Catholic Church; United Labor Central or CUT includes
trade unionists from the country's five largest labor confederations
other: revitalized university student federations at all major
universities
China
the China Democracy Party; the Falungong spiritual movement
note: no substantial political opposition groups exist, although the
government has identified the organizations listed above as
subversive groups
Christmas Island
none
Cocos (Keeling) Islands
The Cocos Islands Youth Support Centre
Colombia
National Liberation Army or ELN; Revolutionary Armed Forces
of Colombia or FARC
note: two largest insurgent groups active in Colombia
Comoros
other: environmentalists
Congo, Democratic Republic of the
MONUC - UN organization working
with the government; FARDC (Forces Armees de la Republique du Congo)
- Army of the Democratic Republic of the Congo which commits
atrocities on citizens; FDLA (Forces Democratiques de Liberation du
Rwanda) - Rwandan militia group
Congo, Republic of the
Congolese Trade Union Congress or CSC;
General Union of Congolese Pupils and Students or UGEEC;
Revolutionary Union of Congolese Women or URFC; Union of Congolese
Socialist Youth or UJSC
Cook Islands
Reform Conference (lobby for political system changes)
other: various groups lobbying for political change
Costa Rica
Authentic Confederation of Democratic Workers or CATD
(Communist Party affiliate); Chamber of Coffee Growers; Confederated
Union of Workers or CUT (Communist Party affiliate); Costa Rican
Confederation of Democratic Workers or CCTD (Liberation Party
affiliate); Costa Rican Exporter's Chamber or CADEXCO; Costa Rican
Solidarity Movement; Costa Rican Union of Private Sector Enterprises
or UCCAEP [Rafael CARRILLO]; Federation of Public Service Workers or
FTSP; National Association for Economic Development or ANFE;
National Association of Educators or ANDE; National Association of
Public and Private Employees or ANEP [Albino VARGAS]; Rerum Novarum
or CTRN (PLN affiliate) [Gilbert BROWN]
Cote d'Ivoire
Federation of University and High School Students of
Cote d'Ivoire or FESCI [Serges KOFFI]; Rally of Houphouetists for
Democracy and Peace or RHDP [Alphonse DJEDJE MADY]; Young Patriots
[Charles BLE GOUDE]
Croatia
other: human rights groups
Cuba
Human Rights Watch; National Association of Small Farmers
Cyprus
Confederation of Cypriot Workers or SEK (pro-West);
Confederation of Revolutionary Labor Unions or Dev-Is; Federation of
Turkish Cypriot Labor Unions or Turk-Sen; Pan-Cyprian Labor
Federation or PEO (Communist controlled)
Czech Republic
Czech-Moravian Confederation of Trade Unions or CMKOS
[Milan STECH]
Denmark
Danish Free Press Society (freedom of speech); Danish
National Socialist Movement or DNSB [Jonni HANSEN] (neo-Nazi
organization)
other: human rights groups
Djibouti
Union for Presidential Majority UMP (coalition includes
RPP, FRUD, PPSD and PND); Union for Democratic Changeover or UAD
(opposition coalition includes ARD, MRDD, and UDJ)
Dominica
Dominica Liberation Movement or DLM (a small leftist party)
Dominican Republic
Citizen Participation Group (Participacion
Ciudadania); Collective of Popular Organizations or COP; Foundation
for Institution-Building and Justice (FINJUS)
Ecuador
Confederation of Indigenous Nationalities of Ecuador or
CONAIE [Marlon SANTI, president]; Coordinator of Social Movements or
CMS [F. Napoleon SANTOS]; Federation of Indigenous Evangelists of
Ecuador or FEINE [Marco MURILLO, president]; National Federation of
Indigenous Afro-Ecuatorianos and Peasants or FENOCIN [Pedro DE LA
CRUZ, president]
Egypt
Muslim Brotherhood (technically illegal)
note: despite a constitutional ban against religious-based parties
and political activity, the technically illegal Muslim Brotherhood
constitutes Hosni MUBARAK's potentially most significant political
opposition
El Salvador
labor organizations - Electrical Industry Union of El
Salvador or SIES; Federation of the Construction Industry, Similar
Transport and other activities, or FESINCONTRANS; National
Confederation of Salvadoran Workers or CNTS; National Union of
Salvadoran Workers or UNTS; Port Industry Union of El Salvador or
SIPES; Salvadoran Union of Ex-Petrolleros and Peasant Workers or
USEPOC; Salvadoran Workers Central or CTS; Workers Union of
Electrical Corporation or STCEL; business organizations - National
Association of Small Enterprise or ANEP; Salvadoran Assembly
Industry Association or ASIC; Salvadoran Industrial Association or
ASI
Equatorial Guinea
ASODEGUE (Madrid-based pressure group for
democratic reform); Global Witness (anti-corruption)
Eritrea
Eritrean Democratic Party (EDP) [HAGOS, Mesfin]; Eritrean
Islamic Jihad or EIJ (includes Eritrean Islamic Jihad Movement or
EIJM also known as the Abu Sihel Movement); Eritrean Islamic
Salvation or EIS (also known as the Arafa Movement); Eritrean
Liberation Front or ELF [ABDULLAH Muhammed]; Eritrean National
Alliance or ENA (a coalition including EIJ, EIS, ELF, and a number
of ELF factions) [HERUY Tedla Biru]; Eritrean Public Forum or EPF
[ARADOM Iyob]
Estonia
Nochnoy Dozor/Night Watch anti-fascist movement (leader
Alexander KOROBOV)
Ethiopia
Ethiopian People's Patriotic Front or EPPF; Ogaden National
Liberation Front or ONLF; Oromo Liberation Front or OLF [DAOUD Ibsa]
Falkland Islands (Islas Malvinas)
Falkland Islands Association
(supports freedom of the people from external causes)
Faroe Islands
Sea Shepard [Paul WATSON] (preservation of small
whales)
other: conservationists
Fiji
Group Against Racial Discrimination or GARD [Dr. Anirudk SINGH]
(for restoration of a democratic government); Viti Landowners
Association
France
Confederation Francaise Democratique du Travail or CFDT,
left-leaning labor union with approximately 803,000 members;
Confederation Generale des Cadres or CGC, independent white-collar
union with 196,000 members; Confederation Generale du Travail or
CGT, historically communist labor union with approximately 700,000
members; Confederation Generale du Travail - Force Ouvriere or FO,
independent labor union with an estimated 300,000 members; Mouvement
des Entreprises de France or MEDEF, employers' union with 750,000
companies as members (claimed)
French Guiana: conservationists; gold mining pressure groups;
hunting pressure groups
Guadeloupe: Christian Movement for the Liberation of Guadeloupe or
KLPG; General Federation of Guadeloupe Workers or CGT-G; General
Union of Guadeloupe Workers or UGTG; Movement for an Independent
Guadeloupe or MPGI; The Socialist Renewal Movement
Martinique: Caribbean Revolutionary Alliance or ARC; Central Union
for Martinique Workers or CSTM; Frantz Fanon Circle; League of
Workers and Peasants; Proletarian Action Group or GAP
Reunion: NA
French Polynesia
NA
Gabon
NA
Gambia, The
National Environment Agency or NEA; West African Peace
Building Network-Gambian Chapter or WANEB-GAMBIA; Youth Employment
Network Gambia or YENGambia
other: special needs group advocates; teachers and principals
Georgia
other: Georgian independent deputies from Abkhaz government
in exile; separatists in the breakaway regions of Abkhazia and South
Ossetia
Germany
other: business associations and employers' organizations;
religious, trade unions, immigrant, expellee, and veterans groups
Ghana
Christian Aid (water rights); Committee for Joint Action or
CJA (education reform); National Coalition Against the Privatization
of Water or CAP (water rights); Oxfam (water rights); Public Citizen
(water rights); Students Coalition Against EPA [Kwabena Ososukene
OKAI] (education reform); Third World Network (education reform)
Gibraltar
Chamber of Commerce; Gibraltar Representatives
Organization; Women's Association
Greece
Civil Servants Confederation or ADEDY [Spyros PAPASPYROS];
Federation of Greek Industries or SEV [Dimitris DASKALOPOULOS];
General Confederation of Greek Workers or GSEE [Ioannis PANAGOPOULOS]
Greenland
other: conservationists; environmentalists
Grenada
Committee for Human Rights in Grenada or CHRG; New Jewel
Movement Support Group; The British Grenada Friendship Society; The
New Jewel 19 Committee
Guam
Guam Federation of Teachers' Union; Guam Waterworks Authority
Workers
other: activists; indigenous groups
Guatemala
Agrarian Owners Group or UNAGRO; Alliance Against Impunity
or AAI; Committee for Campesino Unity or CUC; Coordinating Committee
of Agricultural, Commercial, Industrial, and Financial Associations
or CACIF; Mutual Support Group or GAM
Guernsey
Stop Traffic Endangering Pedestrian Safety or STEPS; No
More Masts [Colin FALLAIZE]
Guinea
National Confederation of Guinean Workers-Labor Union of
Guinean Workers or CNTG-USTG Alliance (includes National
Confederation of Guinean Workers or CNTG [Rabiatou Sarah DIALLO] and
Labor Union of Guinean Workers or USTG [Dr. Ibrahima FOFANA]);
National Council of Civil Society Organizations of Guinea or CNOSCG
[Ben Sekou SYLLA]; Syndicate of Guinean Teachers and Researchers or
SLECG [Dr. Louis M'Bemba SOUMAH]
Guinea-Bissau
NA
Guyana
Amerindian People's Association; Guyana Bar Association;
Guyana Citizens Initiative; Guyana Human Rights Association; Guyana
Public Service Union or GPSU; Private Sector Commission; Trades
Union Congress
Haiti
Autonomous Organizations of Haitian Workers or CATH [Fignole
ST-CYR]; Confederation of Haitian Workers or CTH; Federation of
Workers Trade Unions or FOS; General Organization of Independent
Haitian Workers [Patrick NUMAS]; Grand-Anse Resistance Committee, or
KOREGA; National Popular Assembly or APN; Papaye Peasants Movement
or MPP [Chavannes JEAN-BAPTISTE]; Popular Organizations Gathering
Power or PROP; Protestant Federation of Haiti; Roman Catholic Church
Holy See (Vatican City)
none (exclusive of influence exercised by
church officers)
Honduras
Committee for the Defense of Human Rights in Honduras or
CODEH; Confederation of Honduran Workers or CTH; Coordinating
Committee of Popular Organizations or CCOP; General Workers
Confederation or CGT; Honduran Council of Private Enterprise or
COHEP; National Association of Honduran Campesinos or ANACH;
National Union of Campesinos or UNC; Popular Bloc or BP; United
Confederation of Honduran Workers or CUTH
Hong Kong
Chinese General Chamber of Commerce (pro-China); Chinese
Manufacturers' Association of Hong Kong; Confederation of Trade
Unions or CTU (pro-democracy) [LAU Chin-shek, president; LEE
Cheuk-yan, general secretary]; Federation of Hong Kong Industries;
Federation of Trade Unions or FTU (pro-China) [CHENG Yiu-tong,
executive councilor]; Hong Kong Alliance in Support of the Patriotic
Democratic Movement in China [Szeto WAH, chairman]; Hong Kong and
Kowloon Trade Union Council (pro-Taiwan); Hong Kong General Chamber
of Commerce; Hong Kong Professional Teachers' Union [CHEUNG
Man-kwong, president]; Neighborhood and Workers' Service Center or
NWSC (pro-democracy); The Alliance [Bernard CHARNWUT, executive
committee member]
Hungary
Air Work Group (works to reduce air pollution in towns and
cities); Company For Freedom Rights (Tarsasag a Szabadsagjogokert)
or TASZ (personal data protection); Danube Circle (protests the
building of the Gabchikovo-Nagymaros dam); Green Future (protests
the impact of lead contamination of local factory on health of the
people); environmentalists: Hungarian Ornithological and Nature
Conservation Society (Magyar Madartani Egyesulet)or MME; Green
Alternative (Zold Alternativa)
Iceland
Icelandic Psychiatric Human Rights Group
India
All Parties Hurriyat Conference in the Kashmir Valley
(separatist group); Bajrang Dal (religious organization); National
Socialist Council of Nagaland in the northeast (separatist group);
Rashtriya Swayamsevak Sangh (religious organization); Vishwa Hindu
Parishad (religious organization
other: numerous religious or militant/chauvinistic organizations;
various separatist groups seeking greater communal and/or regional
autonomy
Indonesia
Indonesian Women's Coalition (Koalisi Perempuan - human
rights group); Islamic Defenders Front or FPI; National Alliance for
Freedom of Religion and Faith; Oil Palm Watch (environmental)
Iran
groups that generally support the Islamic Republic: Ansar-e
Hizballah-Islamic Coalition Party (Motalefeh); Followers of the Line
of the Imam and the Leader; Islamic Engineers Society; Tehran
Militant Clergy Association (Ruhaniyat); active pro-reform student
group: Office of Strengthening Unity (OSU); opposition groups:
Baluchistan People's Party (BPP); Freedom Movement of Iran; Marz-e
Por Gohar; National Front; and various ethnic and Monarchist
organizations; armed political groups that have been repressed by
the government: Democratic Party of Iranian Kurdistan (KDPI);
Jundallah; Komala; Mujahidin-e Khalq Organization (MEK or MKO);
People's Fedayeen; People's Free Life Party of Kurdistan (PJAK)
Iraq
Sunni militias; Shia militias, some associated with political
parties
Ireland
Families Acting for Innocent Relatives or FAIR [Brian
McCONNELL] (seek compensation for victims of violence); Families
Against Intimidation and Terror or FAIT (oppose terrorism);
Gaeltacht Civil Rights Campaign (Coiste Cearta Sibhialta na Gaeilge)
or CCSG (encourages the use of the Irish language and campaigns for
greater civil rights in Irish speaking areas); Irish Republican Army
or IRA (terrorist group); Keep Ireland Open (environmental group);
Midland Railway Action Group or MRAG [Willie ALLEN] (transportation
promoters); Rail Users Ireland (formerly the Platform 11 -
transportation promoters); 32 Country Sovereignty Movement or 32CSM
(supports a fully sovereign Ireland); Ulster Defence Association or
UDA (terrorist group)
Isle of Man
Alliance for Progressive Government or APG (a government
watchdog); Mec Vannin (political party advocating a sovereign state
and environment policies); note - has only had one member elected to
the Tynwald
Israel
B'Tselem [Jessica MONTELL, Executive Director] monitors human
rights abuses; Peace Now [Yariv OPPENHEIMER, Secretary General]
supports territorial concessions in the West Bank and Gaza Strip;
YESHA Council of Settlements [Danny DAYAN, Chairman] promotes
settler interests and opposes territorial compromise
Italy
manufacturers and merchants associations - Confcommercio;
Confindustria; organized farm groups - Confcoltivatori;
Confagricoltura; Roman Catholic Church; three major trade union
confederations - Confederazione Generale Italiana del Lavoro or CGIL
[Guglielmo EPIFANI] which is left wing; Confederazione Italiana dei
Sindacati Lavoratori or CISL [Raffaele BONANNO], which is Roman
Catholic centrist; Unione Italiana del Lavoro or UIL [Luigi
ANGELETTI] which is lay centrist)
Jamaica
New Beginnings Movement or NBM; Rastafarians (black
religious/racial cultists, pan-Africanists)
Japan
other: business groups; trade unions
Jersey
Institute of Directors, Jersey branch (provides business
support); Jersey Hospitality Association [Robert JONES] (trade
association); Jersey Rights Association [David ROTHERHAM] (human
rights); La Societe Jersiaise (education and conservation group);
Progress Jersey [Darius J. PEARCE, Daren O'TOOLE, Gino RISOLI]
(human rights); Royal Jersey Agriculture and Horticultural Society
or RJA&HS (development and management of the Jersey breed of
cattle); Save Jersey's Heritage (protects heritage through building
preservation)
Jordan
Anti-Normalization Committee [Ali Abu SUKKAR, president vice
chairman]; Jordan Bar Association [Hussein Mujalli, chairman];
Jordanian Press Association [Sayf al-SHARIF, president]; Muslim
Brotherhood [Salem AL-FALAHAT, controller general]
Kazakhstan
Adil-Soz [Tamara KALEYEVA]; Almaty Helsinki Group [Ninel
FOKINA]; Confederation of Free Trade Unions [Sergei BELKIN]; For a
Just Kazakhstan [Bolat ABILOV]; For Fair Elections [Yevgeniy
ZHOVTIS, Sabit ZHUSUPOV, Sergey DUVANOV, Ibrash NUSUPBAYEV];
Kazakhstan International Bureau on Human Rights [Yevgeniy ZHOVTIS,
executive director]; Pan-National Social Democratic Party of
Kazakhstan [Zharmakhan TUYAKBAI]; Pensioners Movement or Pokoleniye
[Irina SAVOSTINA, chairwoman]; Republican Network of International
Monitors [Dos KUSHIM]; Transparency International [Sergei ZLOTNIKOV]
Kenya
Council of Islamic Preachers of Kenya or CIPK [Sheikh Idris
MOHAMMED]; Kenya Human Rights Commission [L. Muthoni WANYEKI];
Muslim Human Rights Forum [Ali-Amin KIMATHI]; National Convention
Executive Council or NCEC, a proreform coalition of political
parties and nongovernment organizations [Ndung'u WAINANA];
Protestant National Council of Churches of Kenya or NCCK [Canon
Peter Karanja MWANGI]; Roman Catholic and other Christian churches;
Supreme Council of Kenya Muslims or SUPKEM [Shaykh Abdul Gafur
al-BUSAIDY]
other: labor unions
Kiribati
NA
Korea, North
none
Korea, South
Federation of Korean Industries; Federation of Korean
Trade Unions; Korean Confederation of Trade Unions; Korean National
Council of Churches; Korean Traders Association; Korean Veterans'
Association; National Council of Labor Unions; National Democratic
Alliance of Korea; National Federation of Farmers' Associations;
National Federation of Student Associations
Kosovo
Council for the Defense of Human Rights and Freedom (human
rights); Humanitarian Law Centre (human rights); Movement for
Self-Determination; Serb National Council (SNV)
Kuwait
other: Islamists; merchants; political groups; secular
liberals and pro-governmental deputies; Shia activists; tribal groups
Kyrgyzstan
Adilet Legal Clinic [Cholpon JAKUPOVA]; Coalition for
Democracy and Civil Society [Dinara OSHURAKHUNOVA]; Interbilim
[Asiya SASYKBAYEVA]
Laos
NA
Latvia
Headquarters for the Protection of Russian Schools (SHTAB)
[Aleksandr KAZAKOV]
Lebanon
Hizballah military wing
other: Palestinian militias; Maronite Christians; Sunnis and their
militias; Shi'as and their militias
Lesotho
Media Institute of Southern Africa, Lesotho chapter [Thabang
MATJAMA] (pushes for media freedom)
Liberia
other: demobilized former military officers
Libya
other: Arab nationalist movements; anti-QADHAFI Libyan exile
Movement; Islamic elements
Liechtenstein
NA
Lithuania
Europe House (promotes the EU); European Movement
(promotes the EU); Lithuanian Future Forum (promotes the EU)
Luxembourg
ABBL (bankers' association); ALEBA (financial sector
trade union); Centrale Paysanne (federation of agricultural
producers); CEP (professional sector chamber); CGFP (trade union
representing civil service); Chambre de Commerce (Chamber of
Commerce); Chambre des Metiers (Chamber of Artisans); FEDIL
(federation of industrialists); Greenpeace (environment protection);
LCGP (center-right trade union); Mouvement Ecologique (protection of
ecology); OGBL (center-left trade union)
Macau
Macau Society of Tourism and Entertainment or STDM [Stanley
HO]; Roman Catholic Church; Union for Democracy Development [Antonio
NG Kuok-cheong]
Macedonia
Federation of Free Trade Unions [Svetlana PETROVIC];
Federation of Trade Unions [Vanco MURATOVSKI]; Trade Union of
Education, Science and Culture [Dojcin CVETANOSKI]; World Macedonian
Congress [Todor PETROV]
Madagascar
Committee for the Defense of Truth and Justice or KMMR;
Committee for National Reconciliation or CRN [Albert Zafy]; National
Council of Christian Churches or FFKM
Malawi
Agri-Ecology Media (agriculture and environmental group);
Malawi Law Society (human rights); Malawi Movement for the
Restoration of Democracy or MMRD (acts to restore and maintain
democracy); National Democratic Alliance or NDA (acts to restore
democracy; Public Affairs Committee or PAC (promotes democracy,
development, peace and unity)
Malaysia
Bersih (electoral reform); Sharia High Court
other: religious groups; women's groups; youth groups
Maldives
other: various unregistered political parties
Mali
other: the army; Islamic authorities; rebels in the northern
region; state-run cotton company CMDT; tuaregs
Malta
Alleanza Liberal-Demokratika Maltra ro ALDM (against illegal
immigration); Alleanza Nazzionali Repubblikana or ANR (encourages
tourism); Alternattiva Demokratika (campaign to reform rent law, and
other campaigns); Azzjoni Nazzjonali or AN (freedom to participate
in democratic government); Ghazdatal-Konsumaturi (consumer rights);
Nazi Watch Malta (exposing Nazis)
other: environmentalists
Marshall Islands
NA
Mauritania
General Confederation of Mauritanian Workers or CGTM
[Abdallahi Ould MOHAMED, secretary general]; Independent
Confederation of Mauritanian Workers or CLTM [Samory Ould BEYE];
Mauritanian Workers Union or UTM [Mohamed Ely Ould BRAHIM, secretary
general]
other: Arab nationalists; Ba'thists; Islamists
Mauritius
other: various labor unions
Mayotte
NA
Mexico
Broad Progressive Front or FAP; Businessmen's Coordinating
Council or CCE; Confederation of Employers of the Mexican Republic
or COPARMEX; Confederation of Industrial Chambers or CONCAMIN;
Confederation of Mexican Workers or CTM; Confederation of National
Chambers of Commerce or CONCANACO; Coordinator for Foreign Trade
Business Organizations or COECE; Federation of Unions Providing
Goods and Services or FESEBES; National Chamber of Transformation
Industries or CANACINTRA; National Peasant Confederation or CNC;
National Small Business Chamber or CANACOPE; National Syndicate of
Education Workers or SNTE; National Union of Workers or UNT; Popular
Assembly of the People of Oaxaca or APPO; Roman Catholic Church
Micronesia, Federated States of
NA
Moldova
NA
Monaco
NA
Mongolia
other: human rights groups; women's groups
Montenegro
Sandzak People's Movement [Cemal SULFEJIC]
Montserrat
NA
Morocco
Democratic Confederation of Labor or CDT [Noubir AMAOUI];
General Union of Moroccan Workers or UGTM [Abderrazzak AFILAL];
Moroccan Employers Association or CGEM [Hassan CHAMI]; National
Labor Union of Morocco or UNMT [Abdelslam MAATI]; Union of Moroccan
Workers or UMT [Mahjoub BENSEDDIK]
Mozambique
Etica [Abdul CARIMO Issa, chairman]; Human Rights and
Development (Direitos Humanos e Desenvolvimento) or DHD [Artemisia
FRANCO, secretary general]; Institute for Peace and Democracy
(Instituto para Paz e Democracia) or IPADE [Raul DOMINGOS,
president]; Movement for Peace and Citizenship (Movimento para Paz e
Cidadania); Mozambican League of Human Rights (Liga Mocambicana dos
Direitos Humanos) or LDH [Alice MABOTE, president]
Namibia
Earthlife Namibia [Berthchen KOHRS] (environmentalist
group); National Society for Human Rights or NSHR; The World
Information Services of Energy or WISE (group against nuclear power)
Nauru
Woman Information and News Agency (women's issues)
Nepal
other: several small armed Madhesi groups along the southern
border with India; a variety of groups advocating regional autonomy
for individual ethnic groups
Netherlands
Christian Trade Union Federation or CNV [Rene PAAS];
Confederation of Netherlands Industry and Employers or VNO-NCW
[Bernard WIENTJES]; Federation for Small and Medium-sized businesses
or MKB [Loek HERMANS]; Netherlands Trade Union Federation or FNV
[Agnes JONGERIUS]; Social Economic Council or SER [Alexander RINNOOY
Kan]; Trade Union Federation of Middle and High Personnel or MHP [Ad
VERHOEVEN]
Netherlands Antilles
Employers Association (VBC); Unions (AVBO)
New Caledonia
NA
New Zealand
Women's Electoral Lobby or WEL
other: apartheid groups; civil rights groups; farmers groups; Maori;
nuclear weapons groups; women's rights groups
Nicaragua
National Workers Front or FNT (a Sandinista umbrella group
of eight labor unions including: Farm Workers Association or ATC,
Health Workers Federation or FETASALUD, Heroes and Martyrs
Confederation of Professional Associations or CONAPRO, National
Association of Educators of Nicaragua or ANDEN, National Union of
Employees or UNE, National Union of Farmers and Ranchers or UNAG,
Sandinista Workers Central or CST, and Union of Journalists of
Nicaragua or UPN); Permanent Congress of Workers or CPT (an umbrella
group of four non-Sandinista labor unions including: Autonomous
Nicaraguan Workers Central or CTN-A, Confederation of Labor
Unification or CUS, Independent General Confederation of Labor or
CGT-I, and Labor Action and Unity Central or CAUS); Nicaraguan
Workers' Central or CTN (an independent labor union); Superior
Council of Private Enterprise or COSEP (a confederation of business
groups)
Niger
The Nigerien Movement for Justice or MNJ, a predominantly
Tuareg rebel group
Nigeria
Academic Staff Union for Universities or ASUU; Campaign for
Democracy or CD; Civil Liberties Organization or CLO; Committee for
the Defense of Human Rights or CDHR; Constitutional Right Project or
CRP; Human Right Africa; National Association of Democratic Lawyers
or NADL; National Association of Nigerian Students or NANS; Nigerian
Bar Association or NBA; Nigerian Labor Congress or NLC; Nigerian
Medical Association or NMA; the Press; Universal Defenders of
Democracy or UDD
Niue
NA
Norfolk Island
none
Northern Mariana Islands
NA
Norway
Norwegian Aid Committee or NORWAC; Norwegian Association of
the Disabled; Pure Salmon Campaign; The Consumer Council (consumer
advocacy group)
other: environmental groups; media; reform movements
Oman
none
Pakistan
other: military (most important political force); ulema
(clergy); landowners; industrialists; small merchants
Palau
NA
Panama
Chamber of Commerce; National Civic Crusade; National Council
of Organized Workers or CONATO; National Council of Private
Enterprise or CONEP; National Union of Construction and Similar
Workers (SUNTRACS); Panamanian Association of Business Executives or
APEDE; Panamanian Industrialists Society or SIP; Workers
Confederation of the Republic of Panama or CTRP
Papua New Guinea
Ahora [Andrew MAMOKO] (represents local tribes);
Centre for Environment Law and Community Rights or Celcor [Damien
ASE]; Community Coalition Against Corruption
Paraguay
Ahorristas Estafados or AE; National Coordinating Board of
Campesino Organizations or MCNOC [Luis AGUAYO]; National Federation
of Campesinos or FNC [Odilon ESPINOLA]; National Workers Central or
CNT [Secretary General Juan TORRALES]; Paraguayan Workers
Confederation or CPT; Roman Catholic Church; Unitary Workers Central
or CUT [Jorge Guzman ALVARENGA Malgarejo]
Peru
Shining Path [Abimael GUZMAN Reynoso (imprisoned), Gabriel
MACARIO (top leader at-large)] (leftist guerrilla group); Tupac
Amaru Revolutionary Movement or MRTA [Victor POLAY (imprisoned),
Hugo AVALLENEDA Valdez (top leader at-large)] (leftist guerrilla
group)
Philippines
AKBAYAN [Etta ROSALES, Mario AGUJA, and Risa
HONTIVEROS-BARAQUIEL]; ALAGAD [Rodante MARROLITA]; ALIF [Acmad
TOMAWIS]; An Waray [Horencio NOEL]; Anak Mindanao [Mujiv HATAMIN];
ANAKPAWIS [Crispin BELTRAN and Rafael MARIANO]; Association of
Philippine Electric Cooperatives (APEC) [Sunny Rose MADAMBA, Ernesto
PABLO, and Edgar VALDEZ]; AVE [Eulogio MAGSAYSAY]; Bayan Muna [Satur
OCAMPO, Joel VIRADOR, and Teodoro CASINO, Jr.]; BUHAY [Rene VELARDE
and Hans Christian SENERES]; BUTIL [Benjamin CRUZ]; CIBAC [Emmanuel
Joel VILLANUEVA]; COOP-NATCO [Guillermo CUA]; GABRIELA [Liza MAZA];
Partido Ng Manggagawa [Renato MAGTUBO]; Veterans Federation of the
Philippines [Ernesto GIDAYA]
Pitcairn Islands
none
Poland
All Poland Trade Union Alliance or OPZZ (trade union) [Jan
GUZ]; Roman Catholic Church [Cardinal Stanislaw DZIWISZ, Archbishop
Jozef MICHALIK]; Solidarity Trade Union [Janusz SNIADEK]
Portugal
the media
Puerto Rico
Boricua Popular Army or EPB (a revolutionary group also
known as Los Macheteros); note - the following radical groups are
considered dormant by Federal law enforcement: Armed Forces for
National Liberation or FALN, Armed Forces of Popular Resistance,
Volunteers of the Puerto Rican Revolution
Qatar
none
Romania
other: various human rights and professional associations
Russia
Levada Center (conducts polls); Memorial (human rights group;
Movement Against Illegal Migration; Pamjat (preservation of
historical monuments and recording of history); Russian Orthodox
Church; Russian-Chechen Friendship Society
other: ecology groups; human rights groups; nationalist pragmatists
(no foreign influence over Central Eurasia); neo-Eurasianists
(against Western influence for the area); religious groups;
westernizers (lean towards the West)
Rwanda
IBUKA (association of genocide survivors)
Saint Barthelemy
The Marine Reserve (protection of fish); Rotary Club
Saint Helena
other: private sector; unions
Saint Kitts and Nevis
NA
Saint Lucia
NA
Saint Martin
NA
Saint Pierre and Miquelon
NA
Saint Vincent and the Grenadines
NA
Samoa
NA
San Marino
NA
Sao Tome and Principe
Association of Sao Tome and Principe NGOs or
FONG
other: the media
Saudi Arabia
Ansar Al Marah (supports women's rights)
other: gas companies; religious groups
Senegal
other: labor; students; Sufi brotherhoods, including the
Mourides and Tidjanes; teachers
Serbia
NA
Seychelles
Roman Catholic Church
other: trade unions
Sierra Leone
other: student unions; trade unions
Singapore
UNFEM [Saleeman ISMAIL]
other: investment companies; news organizations
Slovakia
Association of Towns and Villages or ZMOS; Confederation of
Trade Unions or KOZ; Entrepreneurs Association of Slovakia or ZPS;
Federation of Employers' Associations of the Slovak Republic;
National Union of Employers or RUZ; Slovak Chamber of Commerce and
Industry or SOPK; The Business Alliance of Slovakia or PAS
Slovenia
Democratic Party of Slovenian Pensioners or DeSUS
(protecting the rights of the older generation); Slovenian Roma
Association [Jozek Horvat MUC]
other: Catholic Church
Solomon Islands
Isatabu Freedom Movement (IFM); Malaita Eagle Force
(MEF); note - these rival armed ethnic factions crippled the Solomon
Islands in a wave of violence from 1999 to 2003
Somalia
other: numerous clan and sub-clan factions exist both in
support and in opposition to the transitional government
South Africa
Congress of South African Trade Unions or COSATU
[Zwelinzima VAVI, general secretary]; South African Communist Party
or SACP [Blade NZIMANDE, general secretary]; South African National
Civics Organization or SANCO [Mlungisi HLONGWANE, national president]
note: note - COSATU and SACP are in a formal alliance with the ANC
Spain
Association for Victims of Terrorism or AVT (grassroots
organization devoted primarily to opposing ETA terrorist attacks and
supporting its victims); Basta Ya (Spanish for "Enough is Enough";
grassroots organization devoted primarily to opposing ETA terrorist
attacks and supporting its victims); Nunca Mais (Galician for "Never
Again"; formed in response to the oil Tanker Prestige oil spill);
Socialist General Union of Workers or UGT and the smaller
independent Workers Syndical Union or USO; Trade Union Confederation
of Workers' Commissions or CC.OO.
other: business and landowning interests; Catholic Church; free
labor unions (authorized in April 1977); university students
Sri Lanka
Liberation Tigers of Tamil Eelam or LTTE [Velupillai
PRABHAKARAN](insurgent group fighting for a separate state); Tamil
Makkal Viduthalai Pulikal (TMVP) or Karuna Faction [Vinayagamurthi
MURALITHARAN] (paramilitary breakaway from LTTE and fighting LTTE)
other: Buddhist clergy; labor unions; radical chauvinist Sinhalese
groups such as the National Movement Against Terrorism; Sinhalese
Buddhist lay groups
Sudan
Umma Party [Sadiq al-MAHDI]; Popular Congress Party or PCP
[Hassan al-TURABI]
Suriname
Association of Indigenous Village Chiefs [Ricardo PANE];
Association of Saramaccan Authorities or Maroon [Head Captain WASE];
Women's Parliament Forum or PVF [Iris GILLIAD]
Svalbard
NA
Swaziland
Swaziland Federation of Trade Unions; Swaziland and
Solidarity Network or SSN
Sweden
Children's Rights in Society; Central Association of
Salarited Emplyees or TCO; Swedish Federation of Trade Unions or LO
other: media
Switzerland
NA
Syria
Damascus Declaration National Council [Riyad SEIF, secretary
general] (a broad alliance of opposition groups and individuals
including: Committee for Revival of Civil Society [Michel KILO,
Riyad SEIF], Communist Action Party [Fateh JAMOUS], Kurdish
Democratic Alliance, Kurdish Democratic Front, Liberal Nationalists'
Movement, National Democratic Front, National Democratic Rally, and
Syrian Human Rights Society or HRAS [Fawed FAWUZ]); National
Salvation Front (alliance between former Vice President Abd al-Halim
KHADDAM, the SMB, and other small opposition groups); Syrian Muslim
Brotherhood or SMB [Sadr al-Din al-BAYANUNI] (operates in exile in
London; endorsed the Damascus Declaration, but is not an official
member)
Taiwan
Organization for Taiwan Nation Building; World United
Formosans for Independence
other: environmental groups; independence movement; various business
groups
note: debate on Taiwan independence has become acceptable within the
mainstream of domestic politics on Taiwan; political liberalization
and the increased representation of opposition parties in Taiwan's
legislature have opened public debate on the island's national
identity; a broad popular consensus has developed that the island
currently enjoys sovereign independence and - whatever the ultimate
outcome regarding reunification or independence - that Taiwan's
people must have the deciding voice; public opinion polls
consistently show a substantial majority of Taiwan people supports
maintaining Taiwan's status quo for the foreseeable future;
advocates of Taiwan independence oppose the stand that the island
will eventually unify with mainland China; goals of the Taiwan
independence movement include establishing a sovereign nation on
Taiwan and entering the UN
Tajikistan
Agrarian Party [Hikmatullo NASREDDINOV] (unregistered
political party); Democratic Party or DPT [Masud SOBIROV]
(splintered from Iskanderov's DPT); Progressive Party [Sulton
QUVVATOV]; Socialist Party or SPT [Abdualim GHAFFOROV] (splintered
from Narziyev's SPT); Unity Party [Hikmatullo SAIDOV]
other: splinter parties recognized by the government but not by the
base of the party; unregistered political parties
Tanzania
Economic and Social Research Foundation or ESRF; Free
Zanzibar; Tanzania Media Women's Association or TAMWA
Thailand
People's Alliance for Democracy; Campaign for Democracy
[Pibob THONGCHAI]
Timor-Leste
NA
Togo
NA
Tokelau
none
Tonga
Human Rights and Democracy Movement Tonga or HRDMT [Rev.
Simote VEA, chairman]; Public Servant's Association [Finau TUTONE]
Trinidad and Tobago
Jamaat-al Muslimeen [Yasin BAKR]
Tunisia
18 October Group [collective leadership]; Tunisian League
for Human Rights or LTDH [Mokhtar TRIFI]
Turkey
Confederation of Public Sector Unions or KESK [Ismail Hakki
TOMBUL]; Confederation of Revolutionary Workers Unions or DISK
[Suleyman CELEBI]; Independent Industrialists' and Businessmen's
Association or MUSIAD [Omer BOLAT]; Moral Rights Workers Union or
Hak-Is [Salim USLU]; Turkish Confederation of Employers' Unions or
TISK [Tugurl KUDATGOBILIK]; Turkish Confederation of Labor or
Turk-Is [Salih KILIC]; Turkish Confederation of Tradesmen and
Craftsmen or TESK [Dervis GUNDAY]; Turkish Industrialists' and
Businessmen's Association or TUSIAD [Omer SABANCI]; Turkish Union of
Chambers of Commerce and Commodity Exchanges or TOBB [M. Rifat
HISARCIKLIOGLU]
Turkmenistan
NA
Turks and Caicos Islands
NA
Tuvalu
none
Uganda
Lord's Resistence Group or LRA [Joseph KONY]; Young
Parliamentary Association [Henry BANYENZAKI]; Parliamentary Advocacy
Forum or PAFO; National Association of Women Organizations in Uganda
or NAWOU [Florence NEKYON]; The Ugandan Coalition for Political
Accountability to Wormen or COPAW
Ukraine
Committee of Voters of Ukraine [Ihor POPOV]; Peoples'
Self-Defense [Yuriy LUTSENKO]
United Arab Emirates
NA
United Kingdom
Campaign for Nuclear Disarmament; Confederation of
British Industry; National Farmers' Union; Trades Union Congress
United States
environmentalists; business groups; labor unions;
churches; ethnic groups; political action committees or PAC; health
groups; education groups; cuvuc griyos; youth groups; transportation
groups; agricultural groups; veterans groups; women's groups; reform
lobbies
Uruguay
Architect's Society of Uruguay (professional organization);
Chamber of Uruguayan Industries (manufacturer's association);
Chemist and Pharmaceutical Association (professional organization);
PIT/CNT (powerful federation of Uruguayan Unions - umbrella labor
organization); Rural Association of Uruguay (rancher's association);
Uruguayan Construction League; Uruguayan Network of Political Women
other: Catholic Church; students
Uzbekistan
Agrarian and Entrepreneurs' Party [Marat ZAHIDOV]; Birlik
(Unity) Movement [Abdurakhim POLAT, chairman]; Committee for the
Protection of Human Rights [Marat ZAHIDOV]; Erk (Freedom) Democratic
Party [Muhammad SOLIH, chairman] (was banned 9 December 1992);
Ezgulik Human Rights Society [Vasila INOYATOVA]; Free Farmers' Party
or Ozod Dehqonlar [Nigora KHIDOYATOVA]; Human Rights Society of
Uzbekistan [Talib YAKUBOV, chairman]; Independent Human Rights
Organization of Uzbekistan [Mikhail ARDZINOV, chairman]; Mazlum;
Sunshine Coalition [Sanjar UMAROV, chairman]
Vanuatu
NA
Venezuela
FEDECAMARAS, a conservative business group; VECINOS
groups; Venezuelan Confederation of Workers or CTV (labor
organization dominated by the Democratic Action)
Vietnam
8406 Bloc; Democratic Party of Vietnam or DPV; People's
Democratic Party Vietnam or PDP-VN; Alliance for Democracy
note: these groups advocate democracy but are not recognized by the
government
Virgin Islands
NA
Wallis and Futuna
NA
Western Sahara
none
Yemen
Muslim Brotherhood; Women National Committee
other: conservative tribal groups
Zambia
NA
Zimbabwe
Crisis in Zimbabwe Coalition [Xolani ZITHA]; National
Constitutional Assembly or NCA [Lovemore MADHUKU]; Women of Zimbabwe
Arise or WOZA [Jenny WILLIAMS]; Zimbabwe Congress of Trade Unions or
ZCTU [Wellington CHIBEBE]
This page was last updated on 18 December 2008
@2116 Economy - overview
Afghanistan
Afghanistan's economy is recovering from decades of
conflict. The economy has improved significantly since the fall of
the Taliban regime in 2001 largely because of the infusion of
international assistance, the recovery of the agricultural sector,
and service sector growth. Real GDP growth exceeded 7% in 2007.
Despite the progress of the past few years, Afghanistan is extremely
poor, landlocked, and highly dependent on foreign aid, agriculture,
and trade with neighboring countries. Much of the population
continues to suffer from shortages of housing, clean water,
electricity, medical care, and jobs. Criminality, insecurity, and
the Afghan Government's inability to extend rule of law to all parts
of the country pose challenges to future economic growth. It will
probably take the remainder of the decade and continuing donor aid
and attention to significantly raise Afghanistan's living standards
from its current level, among the lowest in the world. International
pledges made by more than 60 countries and international financial
institutions at the Berlin Donors Conference for Afghan
reconstruction in March 2004 reached $8.9 billion for 2004-09. While
the international community remains committed to Afghanistan's
development, pledging over $24 billion at three donors' conferences
since 2002, Kabul will need to overcome a number of challenges.
Expanding poppy cultivation and a growing opium trade generate
roughly $4 billion in illicit economic activity and looms as one of
Kabul's most serious policy concerns. Other long-term challenges
include: budget sustainability, job creation, corruption, government
capacity, and rebuilding war torn infrastructure.
Akrotiri
Economic activity is limited to providing services to the
military and their families located in Akrotiri. All food and
manufactured goods must be imported.
Albania
Lagging behind its Balkan neighbors, Albania is making the
difficult transition to a more modern open-market economy. The
government has taken measures to curb violent crime, and recently
adopted a fiscal reform package aimed at reducing the large gray
economy and attracting foreign investment. The economy is bolstered
by annual remittances from abroad of $600-$800 million, mostly from
Albanians residing in Greece and Italy; this helps offset the
towering trade deficit. Agriculture, which accounts for more than
one-fifth of GDP, is held back because of lack of modern equipment,
unclear property rights, and the prevalence of small, inefficient
plots of land. Energy shortages and antiquated and inadequate
infrastructure contribute to Albania's poor business environment,
which make it difficult to attract and sustain foreign investment.
The completion of a new thermal power plant near Vlore and improved
transmission line between Albania and Montenegro will help relieve
the energy shortages. Also, the government is moving slowly to
improve the poor national road and rail network, a long-standing
barrier to sustained economic growth. On the positive side,
macroeconomic growth was strong in 2003-07 and inflation is low and
stable.
Algeria
The hydrocarbons sector is the backbone of the economy,
accounting for roughly 60% of budget revenues, 30% of GDP, and over
95% of export earnings. Algeria has the eighth-largest reserves of
natural gas in the world and is the fourth-largest gas exporter; it
ranks 14th in oil reserves. Sustained high oil prices in recent
years have helped improve Algeria's financial and macroeconomic
indicators. Algeria is running substantial trade surpluses and
building up record foreign exchange reserves. Algeria has decreased
its external debt to less than 10% of GDP after repaying its Paris
Club and London Club debt in 2006. Real GDP has risen due to higher
oil output and increased government spending. The government's
continued efforts to diversify the economy by attracting foreign and
domestic investment outside the energy sector, however, has had
little success in reducing high unemployment and improving living
standards. Structural reform within the economy, such as development
of the banking sector and the construction of infrastructure, moves
ahead slowly hampered by corruption and bureaucratic resistance.
American Samoa
American Samoa has a traditional Polynesian economy
in which more than 90% of the land is communally owned. Economic
activity is strongly linked to the US with which American Samoa
conducts most of its commerce. Tuna fishing and tuna processing
plants are the backbone of the private sector, with canned tuna the
primary export. Transfers from the US Government add substantially
to American Samoa's economic well being. Attempts by the government
to develop a larger and broader economy are restrained by Samoa's
remote location, its limited transportation, and its devastating
hurricanes. Tourism is a promising developing sector.
note: as a territory of the US, American Samoa does not treat the US
as an external trade partner
Andorra
Tourism, the mainstay of Andorra's tiny, well-to-do economy,
accounts for more than 80% of GDP. An estimated 11.6 million
tourists visit annually, attracted by Andorra's duty-free status and
by its summer and winter resorts. Andorra's comparative advantage
has recently eroded as the economies of neighboring France and Spain
have been opened up, providing broader availability of goods and
lower tariffs. The banking sector, with its partial "tax haven"
status, also contributes substantially to the economy. Agricultural
production is limited - only 2% of the land is arable - and most
food has to be imported. The principal livestock activity is sheep
raising. Manufacturing output consists mainly of cigarettes, cigars,
and furniture. Andorra is a member of the EU Customs Union and is
treated as an EU member for trade in manufactured goods (no tariffs)
and as a non-EU member for agricultural products.
Angola
Angola's high growth rate is driven by its oil sector, with
record oil prices and rising petroleum production. Oil production
and its supporting activities contribute about 85% of GDP. Increased
oil production supported growth averaging more than 15% per year
from 2004 to 2007. A postwar reconstruction boom and resettlement of
displaced persons has led to high rates of growth in construction
and agriculture as well. Much of the country's infrastructure is
still damaged or undeveloped from the 27-year-long civil war.
Remnants of the conflict such as widespread land mines still mar the
countryside even though an apparently durable peace was established
after the death of rebel leader Jonas SAVIMBI in February 2002.
Subsistence agriculture provides the main livelihood for most of the
people, but half of the country's food must still be imported. In
2005, the government started using a $2 billion line of credit,
since increased to $7 billion, from China to rebuild Angola's public
infrastructure, and several large-scale projects were completed in
2006. Angola also has large credit lines from Brazil, Portugal,
Germany, Spain, and the EU. The central bank in 2003 implemented an
exchange rate stabilization program using foreign exchange reserves
to buy kwanzas out of circulation. This policy became more
sustainable in 2005 because of strong oil export earnings; it has
significantly reduced inflation. Although consumer inflation
declined from 325% in 2000 to under 13% in 2007, the stabilization
policy has put pressure on international net liquidity. Angola
became a member of OPEC in late 2006 and in late 2007 was assigned a
production quota of 1.9 million barrels a day, somewhat less than
the 2-2.5 million bbl Angola's government had wanted. To fully take
advantage of its rich national resources - gold, diamonds, extensive
forests, Atlantic fisheries, and large oil deposits - Angola will
need to implement government reforms, increase transparency, and
reduce corruption. The government has rejected a formal IMF
monitored program, although it continues Article IV consultations
and ad hoc cooperation. Corruption, especially in the extractive
sectors, and the negative effects of large inflows of foreign
exchange, are major challenges facing Angola.
Anguilla
Anguilla has few natural resources, and the economy depends
heavily on luxury tourism, offshore banking, lobster fishing, and
remittances from emigrants. Increased activity in the tourism
industry has spurred the growth of the construction sector,
contributing to economic growth. Anguillan officials have put
substantial effort into developing the offshore financial sector,
which is small, but growing. In the medium term, prospects for the
economy will depend largely on the tourism sector and, therefore, on
revived income growth in the industrialized nations as well as on
favorable weather conditions.
Antarctica
Fishing off the coast and tourism, both based abroad,
account for Antarctica's limited economic activity. Antarctic
fisheries in 2005-06 (1 July-30 June) reported landing 128,081
metric tons (estimated fishing from the area covered by the
Convention on the Conservation of Antarctic Marine Living Resources
(CCAMLR), which extends slightly beyond the Antarctic Treaty area).
Unregulated fishing, particularly of Patagonian toothfish
(Dissostichus eleginoides), is a serious problem. The CCAMLR
determines the recommended catch limits for marine species. A total
of 36,460 tourists visited the Antarctic Treaty area in the 2006-07
Antarctic summer, up from the 30,877 visitors the previous year
(estimates provided to the Antarctic Treaty by the International
Association of Antarctica Tour Operators (IAATO); this does not
include passengers on overflights). Nearly all of them were
passengers on commercial (nongovernmental) ships and several yachts
that make trips during the summer. Most tourist trips last
approximately two weeks.
Antigua and Barbuda
Antigua has a relatively high GDP per capita in
comparison to most other Caribbean nations. It has experienced solid
growth since 2003, driven by a construction boom in hotels and
housing that which should wind down in 2008. Tourism continues to
dominate the economy, accounting for more than half of GDP. The
dual-island nation's agricultural production is focused on the
domestic market and constrained by a limited water supply and a
labor shortage stemming from the lure of higher wages in tourism and
construction. Manufacturing comprises enclave-type assembly for
export with major products being bedding, handicrafts, and
electronic components. Prospects for economic growth in the medium
term will continue to depend on income growth in the industrialized
world, especially in the US, which accounts for slightly more than
one-third of tourist arrivals. Since taking office in 2004, the
SPENCER government has adopted an ambitious fiscal reform program,
but will continue to be saddled by its debt burden with a
debt-to-GDP ratio exceeding 100%.
Arctic Ocean
Economic activity is limited to the exploitation of
natural resources, including petroleum, natural gas, fish, and seals.
Argentina
Argentina benefits from rich natural resources, a highly
literate population, an export-oriented agricultural sector, and a
diversified industrial base. Although one of the world's wealthiest
countries 100 years ago, Argentina suffered during most of the 20th
century from recurring economic crises, persistent fiscal and
current account deficits, high inflation, mounting external debt,
and capital flight. A severe depression, growing public and external
indebtedness, and a bank run culminated in 2001 in the most serious
economic, social, and political crisis in the country's turbulent
history. Interim President Adolfo RODRIGUEZ SAA declared a default -
the largest in history - on the government's foreign debt in
December of that year, and abruptly resigned only a few days after
taking office. His successor, Eduardo DUHALDE, announced an end to
the peso's decade-long 1-to-1 peg to the US dollar in early 2002.
The economy bottomed out that year, with real GDP 18% smaller than
in 1998 and almost 60% of Argentines under the poverty line. Real
GDP rebounded to grow by an average 9% annually over the subsequent
five years, taking advantage of previously idled industrial capacity
and labor, an audacious debt restructuring and reduced debt burden,
excellent international financial conditions, and expansionary
monetary and fiscal policies. Inflation, however, reached
double-digit levels in 2006 and the government of President Nestor
KIRCHNER responded with "voluntary" price agreements with
businesses, as well as export taxes and restraints. Multi-year price
freezes on electricity and natural gas rates for residential users
stoked consumption and kept private investment away, leading to
restrictions on industrial use and blackouts in 2007.
Armenia
Since the breakup of the Soviet Union in 1991, Armenia has
made progress in implementing many economic reforms including
privatization, price reforms, and prudent fiscal policies. The
conflict with Azerbaijan over the ethnic Armenian-dominated region
of Nagorno-Karabakh contributed to a severe economic decline in the
early 1990s. By 1994, however, the Armenian Government launched an
ambitious IMF-sponsored economic liberalization program that
resulted in positive growth rates. Economic growth has averaged over
13% in recent years. Armenia has managed to reduce poverty, slash
inflation, stabilize its currency, and privatize most small- and
medium-sized enterprises. Under the old Soviet central planning
system, Armenia developed a modern industrial sector, supplying
machine tools, textiles, and other manufactured goods to sister
republics, in exchange for raw materials and energy. Armenia has
since switched to small-scale agriculture and away from the large
agroindustrial complexes of the Soviet era. Nuclear power plants
built at Metsamor in the 1970s were closed following the 1988 Spitak
Earthquake, though they sustained no damage. One of the two reactors
was re-opened in 1995, but the Armenian government is under
international pressure to close it due to concerns that the Soviet
era design lacks important safeguards. Metsamor provides 40 percent
of the country's electricity - hydropower accounts for about
one-fourth. Economic ties with Russia remain close, especially in
the energy sector. The electricity distribution system was
privatized in 2002 and bought by Russia's RAO-UES in 2005.
Construction of a pipeline to deliver natural gas from Iran to
Armenia is halfway completed and is scheduled to be commissioned by
January 2009. Armenia has some mineral deposits (copper, gold,
bauxite). Pig iron, unwrought copper, and other nonferrous metals
are Armenia's highest valued exports. Armenia's severe trade
imbalance has been offset somewhat by international aid, remittances
from Armenians working abroad, and foreign direct investment.
Armenia joined the WTO in January 2003. The government made some
improvements in tax and customs administration in recent years, but
anti-corruption measures will be more difficult to implement.
Despite strong economic growth, Armenia's unemployment rate remains
high. Armenia will need to pursue additional economic reforms in
order to improve its economic competitiveness and to build on recent
improvements in poverty and unemployment, especially given its
economic isolation from two of its nearest neighbors, Turkey and
Azerbaijan.
Aruba
Tourism is the mainstay of the small, open Aruban economy,
with offshore banking and oil refining and storage also important.
The rapid growth of the tourism sector over the last decade has
resulted in a substantial expansion of other activities. Over 1.5
million tourists per year visit Aruba, with 75% of those from the
US. Construction continues to boom, with hotel capacity five times
the 1985 level. In addition, the country's oil refinery reopened in
1993, providing a major source of employment, foreign exchange
earnings, and growth. Tourist arrivals have rebounded strongly
following a dip after the 11 September 2001 attacks. The island
experiences only a brief low season, and hotel occupancy in 2004
averaged 80%, compared to 68% throughout the rest of the Caribbean.
The government has made cutting the budget and trade deficits a high
priority.
Ashmore and Cartier Islands
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, 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, strong economy with a per
capita GDP on par with the four dominant West European economies.
Robust business and consumer confidence and high export prices for
raw materials and agricultural products are fueling the economy,
particularly in mining states. Australia's emphasis on reforms, low
inflation, a housing market boom, and growing ties with China have
been key factors behind the economy's 16 solid years of expansion.
Drought, robust import demand, and a strong currency have pushed the
trade deficit up in recent years, while infrastructure bottlenecks
and a tight labor market are constraining growth in export volumes
and stoking inflation. Australia's budget has been in surplus since
2002 due to strong revenue growth.
Austria
Austria, with its well-developed market economy and high
standard of living, is closely tied to other EU economies,
especially Germany's. The Austrian economy also benefits greatly
from strong commercial relations, especially in the banking and
insurance sectors, with central, eastern, and southeastern Europe.
The economy features a large service sector, a sound industrial
sector, and a small, but highly developed agricultural sector.
Membership in the EU has drawn an influx of foreign investors
attracted by Austria's access to the single European market and
proximity to the new EU economies. The outgoing government has
successfully pursued a comprehensive economic reform program, aimed
at streamlining government and creating a more competitive business
environment, further strengthening Austria's attractiveness as an
investment location. It has implemented effective pension reforms;
however, lower taxes in 2005-06 led to a small budget deficit in
2006 and 2007. Boosted by strong exports, growth nevertheless
reached 3.3% in both 2006 and 2007, although the economy may slow in
2008 because of the strong euro, high oil prices, and problems in
international financial markets. To meet increased competition -
especially from new EU members and Central European countries -
Austria will need to continue restructuring, emphasizing
knowledge-based sectors of the economy, and encouraging greater
labor flexibility and greater labor participation by its aging
population.
Azerbaijan
Azerbaijan's high economic growth in 2006 and 2007 is
attributable to large and growing oil exports. Azerbaijan's oil
production declined through 1997, but has registered an increase
every year since. Negotiation of production-sharing arrangements
(PSAs) with foreign firms, which have committed $60 billion to
long-term oilfield development, should generate the funds needed to
spur future industrial development. Oil production under the first
of these PSAs, with the Azerbaijan International Operating Company,
began in November 1997. A consortium of Western oil companies began
pumping 1 million barrels a day from a large offshore field in early
2006, through a $4 billion pipeline it built from Baku to Turkey's
Mediterranean port of Ceyhan. By 2010 revenues from this project
will double the country's current GDP. Azerbaijan shares all the
formidable problems of the former Soviet republics in making the
transition from a command to a market economy, but its considerable
energy resources brighten its long-term prospects. Baku has only
recently begun making progress on economic reform, and old economic
ties and structures are slowly being replaced. Several other
obstacles impede Azerbaijan's economic progress: the need for
stepped up foreign investment in the non-energy sector, the
continuing conflict with Armenia over the Nagorno-Karabakh region,
pervasive corruption, and elevated inflation. Trade with Russia and
the other former Soviet republics is declining in importance, while
trade is building with Turkey and the nations of Europe. Long-term
prospects will depend on world oil prices, the location of new oil
and gas pipelines in the region, and Azerbaijan's ability to manage
its energy wealth.
Bahamas, The
The Bahamas is one of the wealthiest Caribbean
countries with an economy heavily dependent on tourism and offshore
banking. Tourism together with tourism-driven construction and
manufacturing accounts for approximately 60% of GDP and directly or
indirectly employs half of the archipelago's labor force. Steady
growth in tourism receipts and a boom in construction of new hotels,
resorts, and residences had led to solid GDP growth in recent years,
but tourist arrivals have been on the decline since 2006. Financial
services constitute the second-most important sector of the Bahamian
economy and, when combined with business services, account for about
36% of GDP. However, since December 2000, when the government
enacted new regulations on the financial sector, many international
businesses have left The Bahamas. Manufacturing and agriculture
combined contribute approximately a tenth of GDP and show little
growth, despite government incentives aimed at those sectors.
Overall growth prospects in the short run rest heavily on the
fortunes of the tourism sector. Tourism, in turn, depends on growth
in the US, the source of more than 80% of the visitors.
Bahrain
With its highly developed communication and transport
facilities, Bahrain is home to numerous multinational firms with
business in the Gulf. Petroleum production and refining account for
over 60% of Bahrain's export receipts, over 70% of government
revenues, and 11% of GDP (exclusive of allied industries),
underpinning Bahrain's strong economic growth in recent years.
Aluminum is Bahrain's second major export after oil. Other major
segments of Bahrain's economy are the financial and construction
sectors. Bahrain is focused on Islamic banking and is competing on
an international scale with Malaysia as a worldwide banking center.
Bahrain is actively pursuing the diversification and privatization
of its economy to reduce the country's dependence on oil. As part of
this effort, in August 2006 Bahrain and the US implemented a Free
Trade Agreement (FTA), the first FTA between the US and a Gulf
state. Continued strong growth hinges on Bahrain's ability to
acquire new natural gas supplies as feedstock to support its
expanding petrochemical and aluminum industries. Unemployment,
especially among the young, and the depletion of oil and underground
water resources are long-term economic problems.
Bangladesh
The economy has grown 5-6% over the past few years
despite inefficient state-owned enterprises, delays in exploiting
natural gas resources, insufficient power supplies, and slow
implementation of economic reforms. Bangladesh remains a poor,
overpopulated, and inefficiently-governed nation. Although more than
half of GDP is generated through the service sector, nearly
two-thirds of Bangladeshis are employed in the agriculture sector,
with rice as the single-most-important product. Garment exports and
remittances from Bangladeshis working overseas, mainly in the Middle
East and East Asia, fuel economic growth.
Barbados
Historically, the Barbadian economy was dependent on
sugarcane cultivation and related activities. However, production in
recent years has diversified into light industry and tourism, with
about three-quarters of GDP and 80% of exports being attributed to
services. Growth has rebounded since 2003, bolstered by increases in
construction projects and tourism revenues - reflecting its success
in the higher-end segment. The country enjoys one of the highest per
capita incomes in the region and an investment grade rating which
benefits from its political stability and stable institutions.
Offshore finance and information services are important foreign
exchange earners and thrive from having the same time zone as
eastern US financial centers and a relatively highly educated
workforce. The government continues its efforts to reduce
unemployment, to encourage direct foreign investment, and to
privatize remaining state-owned enterprises.
Belarus
Belarus has seen little structural reform since 1995, when
President LUKASHENKO launched the country on the path of "market
socialism." In keeping with this policy, LUKASHENKO reimposed
administrative controls over prices and currency exchange rates and
expanded the state's right to intervene in the management of private
enterprises. Since 2005, the government has re-nationalized a number
of private companies. In addition, businesses have been subject to
pressure by central and local governments, e.g., arbitrary changes
in regulations, numerous rigorous inspections, retroactive
application of new business regulations, and arrests of "disruptive"
businessmen and factory owners. A wide range of redistributive
policies has helped those at the bottom of the ladder; the Gini
coefficient is among the lowest in the world. Because of these
restrictive economic policies, Belarus has had trouble attracting
foreign investment. Nevertheless, GDP growth has been strong in
recent years, reaching nearly 7% in 2007, despite the roadblocks of
a tough, centrally directed economy with a high, but decreasing,
rate of inflation. Belarus receives heavily discounted oil and
natural gas from Russia and much of Belarus' growth can be
attributed to the re-export of Russian oil at market prices. Trade
with Russia - by far its largest single trade partner - decreased in
2007, largely as a result of a change in the way the Value Added Tax
(VAT) on trade was collected. Russia has introduced an export duty
on oil shipped to Belarus, which will increase gradually through
2009, and a requirement that Belarusian duties on re-exported
Russian oil be shared with Russia - 80% will go to Russia in 2008,
and 85% in 2009. Russia also increased Belarusian natural gas prices
from $47 per thousand cubic meters (tcm) to $100 per tcm in 2007,
and plans to increase prices gradually to world levels by 2011.
Russia's recent policy of bringing energy prices for Belarus to
world market levels may result in a slowdown in economic growth in
Belarus over the next few years. Some policy measures, including
tightening of fiscal and monetary policies, improving energy
efficiency, and diversifying exports, have been introduced, but
external borrowing has been the main mechanism used to manage the
growing pressures on the economy.
Belgium
This modern, private-enterprise economy has capitalized on
its central geographic location, highly developed transport network,
and diversified industrial and commercial base. Industry is
concentrated mainly in the populous Flemish area in the north. With
few natural resources, Belgium must import substantial quantities of
raw materials and export a large volume of manufactures, making its
economy unusually dependent on the state of world markets. Roughly
three-quarters of its trade is with other EU countries. Public debt
is more than 85% of GDP. On the positive side, the government has
succeeded in balancing its budget, and income distribution is
relatively equal. Belgium began circulating the euro currency in
January 2002. Economic growth in 2001-03 dropped sharply because of
the global economic slowdown, with moderate recovery in 2004-07.
Economic growth and foreign direct investment are expected to slow
down in 2008, due to credit tightening, falling consumer and
business confidence, and above average inflation. However, with the
successful negotiation of the 2008 budget and devolution of power
within the government, political tensions seem to be easing and
could lead to an improvement in the economic outlook for 2008.
Belize
In this small, essentially private-enterprise economy,
tourism is the number one foreign exchange earner followed by
exports of marine products, citrus, cane sugar, bananas, and
garments. The government's expansionary monetary and fiscal
policies, initiated in September 1998, led to sturdy GDP growth
averaging nearly 4% in 1999-2007. Oil discoveries in 2006 bolstered
the economic growth in 2006 and 2007. Major concerns continue to be
the sizable trade deficit and unsustainable foreign debt. In
February 2007, the government restructured nearly all of its public
external commercial debt, which will reduce interest payments and
relieve liquidity concerns. A key short-term objective remains the
reduction of poverty with the help of international donors.
Benin
The economy of Benin remains underdeveloped and dependent on
subsistence agriculture, cotton production, and regional trade.
Growth in real output has averaged around 5% in the past seven
years, but rapid population growth has offset much of this increase.
Inflation has subsided over the past several years. In order to
raise growth still further, Benin plans to attract more foreign
investment, place more emphasis on tourism, facilitate the
development of new food processing systems and agricultural
products, and encourage new information and communication
technology. Specific projects to improve the business climate by
reforms to the land tenure system, the commercial justice system,
and the financial sector were included in Benin's $307 million
Millennium Challenge Account grant signed in February 2006. The 2001
privatization policy continues in telecommunications, water,
electricity, and agriculture though the government annulled the
privatization of Benin's state cotton company in November 2007 after
the discovery of irregularities in the bidding process. The Paris
Club and bilateral creditors have eased the external debt situation,
with Benin benefiting from a G8 debt reduction announced in July
2005, while pressing for more rapid structural reforms. An
insufficient electrical supply continues to adversely affect Benin's
economic growth though the government recently has taken steps to
increase domestic power production.
Bermuda
Bermuda enjoys the third highest per capita income in the
world, more than 50% higher than that of the US. Its economy is
primarily based on providing financial services for international
business and luxury facilities for tourists. A number of reinsurance
companies relocated to the island following the 11 September 2001
attacks and again after Hurricane Katrina in August 2005,
contributing to the expansion of an already robust international
business sector. Bermuda's tourism industry - which derives over 80%
of its visitors from the US - continues to struggle but remains the
island's number two industry. Most capital equipment and food must
be imported. Bermuda's industrial sector is small, although
construction continues to be important; the average cost of a house
in June 2003 had risen to $976,000. Agriculture is limited with only
20% of the land being arable.
Bhutan
The economy, one of the world's smallest and least developed,
is based on agriculture and forestry, which provide the main
livelihood for more than 60% of the population. Agriculture consists
largely of subsistence farming and animal husbandry. Rugged
mountains dominate the terrain and make the building of roads and
other infrastructure difficult and expensive. The economy is closely
aligned with India's through strong trade and monetary links and
dependence on India's financial assistance. The industrial sector is
technologically backward, with most production of the cottage
industry type. Most development projects, such as road construction,
rely on Indian migrant labor. Model education, social, and
environment programs are underway with support from multilateral
development organizations. Each economic program takes into account
the government's desire to protect the country's environment and
cultural traditions. For example, the government, in its cautious
expansion of the tourist sector, encourages visits by upscale,
environmentally conscientious tourists. Detailed controls and
uncertain policies in areas such as industrial licensing, trade,
labor, and finance continue to hamper foreign investment. Hydropower
exports to India had a major impact on growth in 2007.
Bolivia
Bolivia is one of the poorest and least developed countries
in Latin America. Following a disastrous economic crisis during the
early 1980s, reforms spurred private investment, stimulated economic
growth, and cut poverty rates in the 1990s. The period 2003-05 was
characterized by political instability, racial tensions, and violent
protests against plans - subsequently abandoned - to export
Bolivia's newly discovered natural gas reserves to large northern
hemisphere markets. In 2005, the government passed a controversial
hydrocarbons law that imposed significantly higher royalties and
required foreign firms then operating under risk-sharing contracts
to surrender all production to the state energy company, which was
made the sole exporter of natural gas. The law also required that
the state energy company regain control over the five companies that
were privatized during the 1990s - a process that is still underway.
In 2006, higher earnings for mining and hydrocarbons exports pushed
the current account surplus to about 12% of GDP and the government's
higher tax take produced a fiscal surplus after years of large
deficits. Debt relief from the G8 - announced in 2005 - also has
significantly reduced Bolivia's public sector debt burden. Private
investment as a share of GDP, however, remains among the lowest in
Latin America, and inflation reached double-digit levels in 2007.
Bosnia and Herzegovina
Bosnia and Herzegovina ranked next to
Macedonia as the poorest republic in the old Yugoslav federation.
Although agriculture is almost all in private hands, farms are small
and inefficient, and the republic traditionally is a net importer of
food. The private sector is growing and foreign investment is slowly
increasing, but government spending, at nearly 40% of adjusted GDP,
remains unreasonably high. The interethnic warfare in Bosnia caused
production to plummet by 80% from 1992 to 1995 and unemployment to
soar. With an uneasy peace in place, output recovered in 1996-99 at
high percentage rates from a low base; but output growth slowed in
2000-02. Part of the lag in output was made up in 2003-07 when GDP
growth exceeded 5% per year. National-level statistics are limited
and do not capture the large share of black market activity. The
konvertibilna marka (convertible mark or BAM)- the national currency
introduced in 1998 - is pegged to the euro, and confidence in the
currency and the banking sector has increased. Implementing
privatization, however, has been slow, particularly in the
Federation, although more successful in the Republika Srpska.
Banking reform accelerated in 2001 as all the Communist-era payments
bureaus were shut down; foreign banks, primarily from Western
Europe, now control most of the banking sector. A sizeable current
account deficit and high unemployment rate remain the two most
serious macroeconomic problems. On 1 January 2006 a new value-added
tax (VAT) went into effect. The VAT has been successful in capturing
much of the gray market economy and has developed into a significant
and predictable source of revenues for all layers of government.
Bosnia and Herzegovina became a full member of the Central European
Free Trade Agreement in September 2007. The country receives
substantial reconstruction assistance and humanitarian aid from the
international community but will have to prepare for an era of
declining assistance.
Botswana
Botswana has maintained one of the world's highest economic
growth rates since independence in 1966, though growth slowed to
4.7% annually in 2006-07. Through fiscal discipline and sound
management, Botswana has transformed itself from one of the poorest
countries in the world to a middle-income country with a per capita
GDP of nearly $15,000 in 2007. Two major investment services rank
Botswana as the best credit risk in Africa. Diamond mining has
fueled much of the expansion and currently accounts for more than
one-third of GDP and for 70-80% of export earnings. Tourism,
financial services, subsistence farming, and cattle raising are
other key sectors. On the downside, the government must deal with
high rates of unemployment and poverty. Unemployment officially was
23.8% in 2004, but unofficial estimates place it closer to 40%.
HIV/AIDS infection rates are the second highest in the world and
threaten Botswana's impressive economic gains. An expected leveling
off in diamond mining production overshadows long-term prospects.
Bouvet Island
no economic activity; declared a nature reserve
Brazil
Characterized by large and well-developed agricultural,
mining, manufacturing, and service sectors, Brazil's economy
outweighs that of all other South American countries and is
expanding its presence in world markets. Having weathered 2001-03
financial turmoil, capital inflows are regaining strength and the
currency has resumed appreciating. The appreciation has slowed
export volume growth, but since 2004, Brazil's growth has yielded
increases in employment and real wages. The resilience in the
economy stems from commodity-driven current account surpluses, and
sound macroeconomic policies that have bolstered international
reserves to historically high levels, reduced public debt, and
allowed a significant decline in real interest rates. A floating
exchange rate, an inflation-targeting regime, and a tight fiscal
policy are the three pillars of the economic program. From 2003 to
2007, Brazil ran record trade surpluses and recorded its first
current account surpluses since 1992. Productivity gains coupled
with high commodity prices contributed to the surge in exports.
Brazil improved its debt profile in 2006 by shifting its debt burden
toward real denominated and domestically held instruments. "LULA" DA
SILVA restated his commitment to fiscal responsibility by
maintaining the country's primary surplus during the 2006 election.
Following his second inauguration, "LULA" DA SILVA announced a
package of further economic reforms to reduce taxes and increase
investment in infrastructure. The government's goal of achieving
strong growth while reducing the debt burden is likely to create
inflationary pressures.
British Indian Ocean Territory All economic activity is concentrated on the largest island of Diego Garcia, where a joint UK-US military facility is located. Construction projects and various services needed to support the military installation are performed by military and contract employees from the UK, Mauritius, the Philippines, and the US. There are no industrial or agricultural activities on the islands. When the native Ilois return, they plan to reestablish sugarcane production and fishing. The territory earns foreign exchange by selling fishing licenses and postage stamps.
British Virgin Islands
The economy, one of the most stable and
prosperous in the Caribbean, is highly dependent on tourism,
generating an estimated 45% of the national income. An estimated
820,000 tourists, mainly from the US, visited the islands in 2005.
In the mid-1980s, the government began offering offshore
registration to companies wishing to incorporate in the islands, and
incorporation fees now generate substantial revenues. Roughly
400,000 companies were on the offshore registry by yearend 2000. The
adoption of a comprehensive insurance law in late 1994, which
provides a blanket of confidentiality with regulated statutory
gateways for investigation of criminal offenses, made the British
Virgin Islands even more attractive to international business.
Livestock raising is the most important agricultural activity; poor
soils limit the islands' ability to meet domestic food requirements.
Because of traditionally close links with the US Virgin Islands, the
British Virgin Islands has used the US dollar as its currency since
1959.
Brunei
Brunei has a small well-to-do economy that encompasses a
mixture of foreign and domestic entrepreneurship, government
regulation, welfare measures, and village tradition. Crude oil and
natural gas production account for just over half of GDP and more
than 90% of exports. Per capita GDP is among the highest in Asia,
and substantial income from overseas investment supplements income
from domestic production. The government provides for all medical
services and free education through the university level and
subsidizes rice and housing. Brunei's leaders are concerned that
steadily increased integration in the world economy will undermine
internal social cohesion. Plans for the future include upgrading the
labor force, reducing unemployment, strengthening the banking and
tourist sectors, and, in general, further widening the economic base
beyond oil and gas.
Bulgaria
Bulgaria, a former communist country that entered the EU on
1 January 2007, has experienced strong growth since a major economic
downturn in 1996. Successive governments have demonstrated
commitment to economic reforms and responsible fiscal planning, but
have failed so far to rein in rising inflation and large current
account deficits. Bulgaria has averaged more than 6% growth since
2004, attracting significant amounts of foreign direct investment,
but corruption in the public administration, a weak judiciary, and
the presence of organized crime remain significant challenges.
Burkina Faso
One of the poorest countries in the world, landlocked
Burkina Faso has few natural resources and a weak industrial base.
About 90% of the population is engaged in subsistence agriculture,
which is vulnerable to periodic drought. Cotton is the main cash
crop and the government has joined with three other cotton producing
countries in the region - Mali, Niger, and Chad - to lobby in the
World Trade Organization for fewer subsidies to producers in other
competing countries. Since 1998, Burkina Faso has embarked upon a
gradual but successful privatization of state-owned enterprises.
Having revised its investment code in 2004, Burkina Faso hopes to
attract foreign investors. Thanks to this new code and other
legislation favoring the mining sector, the country has seen an
upswing in gold exploration and production. While the bitter
internal crisis in neighboring Cote d'Ivoire is beginning to be
resolved, it is still having a negative effect on Burkina Faso's
trade and employment. In 2007 higher costs for energy and imported
foodstuffs, as well as low cotton prices, dampened a GDP growth rate
that had averaged 6% in the last 10 years. Burkina Faso received a
Millennium Challenge Account threshold grant to improve girls'
education at the primary school level, and appears likely to receive
a grant in the areas of infrastructure, agriculture, and land reform.
Burma Burma, a resource-rich country, suffers from pervasive government controls, inefficient economic policies, and rural poverty. The junta took steps in the early 1990s to liberalize the economy after decades of failure under the "Burmese Way to Socialism," but those efforts stalled, and some of the liberalization measures were rescinded. Despite Burma's increasing oil and gas revenue, socio-economic conditions have deteriorated due to the regime's mismanagement of the economy. Lacking monetary or fiscal stability, the economy suffers from serious macroeconomic imbalances - including rising inflation, fiscal deficits, multiple official exchange rates that overvalue the Burmese kyat, a distorted interest rate regime, unreliable statistics, and an inability to reconcile national accounts to determine a realistic GDP figure. Most overseas development assistance ceased after the junta began to suppress the democracy movement in 1988 and subsequently refused to honor the results of the 1990 legislative elections. In response to the government of Burma's attack in May 2003 on AUNG SAN SUU KYI and her convoy, the US imposed new economic sanctions in August 2003 including a ban on imports of Burmese products and a ban on provision of financial services by US persons. Further, a poor investment climate hampers attracting outside investment slowing the inflow of foreign exchange. The most productive sectors will continue to be in extractive industries, especially oil and gas, mining, and timber with the latter especially causing environmental degradation. Other areas, such as manufacturing and services, are struggling with inadequate infrastructure, unpredictable import/export policies, deteriorating health and education systems, and endemic corruption. A major banking crisis in 2003 shuttered the country's 20 private banks and disrupted the economy. As of 2007, the largest private banks operated under tight restrictions limiting the private sector's access to formal credit. Moreover, the September 2007 crackdown on prodemocracy demonstrators, including thousands of monks, further strained the economy as the tourism industry, which directly employs about 500,000 people, suffered dramatic declines in foreign visitor levels. In November 2007, the European Union announced new sanctions banning investment and trade in Burmese gems, timber and precious stones, while the United States expanded its sanctions list to include more Burmese government and military officials and their family members, as well as prominent regime business cronies, their family members, and associated companies. Official statistics are inaccurate. Published statistics on foreign trade are greatly understated because of the size of the black market and unofficial border trade - often estimated to be as large as the official economy. Though the Burmese government has good economic relations with its neighbors, better investment and business climates and an improved political situation are needed to promote serious foreign investment, exports, and tourism.
Burundi
Burundi is a landlocked, resource-poor country with an
underdeveloped manufacturing sector. The economy is predominantly
agricultural with more than 90% of the population dependent on
subsistence agriculture. Economic growth depends on coffee and tea
exports, which account for 90% of foreign exchange earnings. The
ability to pay for imports, therefore, rests primarily on weather
conditions and international coffee and tea prices. The Tutsi
minority, 14% of the population, dominates the government and the
coffee trade at the expense of the Hutu majority, 85% of the
population. An ethnic-based war that lasted for over a decade
resulted in more than 200,000 deaths, forced more than 48,000
refugees into Tanzania, and displaced 140,000 others internally.
Only one in two children go to school, and approximately one in 15
adults has HIV/AIDS. Food, medicine, and electricity remain in short
supply. Burundi's GDP grew around 5% annually in 2006-07. Political
stability and the end of the civil war have improved aid flows and
economic activity has increased, but underlying weaknesses - a high
poverty rate, poor education rates, a weak legal system, and low
administrative capacity - risk undermining planned economic reforms.
Burundi will continue to remain heavily dependent on aid from
bilateral and multilateral donors; the delay of funds after a
corruption scandal cut off bilateral aid in 2007 reduced
government's revenues and its ability to pay salaries.
Cambodia
From 2001 to 2004, the economy grew at an average rate of
6.4%, driven largely by an expansion in the garment sector and
tourism. The US and Cambodia signed a Bilateral Textile Agreement,
which gave Cambodia a guaranteed quota of US textile imports and
established a bonus for improving working conditions and enforcing
Cambodian labor laws and international labor standards in the
industry. With the January 2005 expiration of a WTO Agreement on
Textiles and Clothing, Cambodia-based textile producers were forced
to compete directly with lower-priced producing countries such as
China and India. Better-than-expected garment sector performance led
to more than 9% growth in 2007. Its vibrant garment industry employs
more than 350,000 people and contributes more than 70% of Cambodia's
exports. The Cambodian government has committed itself to a policy
supporting high labor standards in an attempt to maintain buyer
interest. In 2005, exploitable oil and natural gas deposits were
found beneath Cambodia's territorial waters, representing a new
revenue stream for the government if commercial extraction begins.
Mining also is attracting significant investor interest,
particularly in the northeastern parts of the country, and the
government has said opportunities exist for mining bauxite, gold,
iron and gems. In 2006, a US-Cambodia bilateral Trade and Investment
Framework Agreement (TIFA) was signed and the first round of
discussions took place in early 2007. The tourism industry continues
to grow rapidly, with foreign arrivals reaching 2 million in 2007.
In 2007 the government signed a joint venture agreement with two
companies to form a new national airline. The long-term development
of the economy remains a daunting challenge. The Cambodian
government is working with bilateral and multilateral donors,
including the World Bank and IMF, to address the country's many
pressing needs. The major economic challenge for Cambodia over the
next decade will be fashioning an economic environment in which the
private sector can create enough jobs to handle Cambodia's
demographic imbalance. More than 50% of the population is less than
21 years old. The population lacks education and productive skills,
particularly in the poverty-ridden countryside, which suffers from
an almost total lack of basic infrastructure.
Cameroon
Because of its modest oil resources and favorable
agricultural conditions, Cameroon has one of the best-endowed
primary commodity economies in sub-Saharan Africa. Still, it faces
many of the serious problems facing other underdeveloped countries,
such as a top-heavy civil service and a generally unfavorable
climate for business enterprise. Since 1990, the government has
embarked on various IMF and World Bank programs designed to spur
business investment, increase efficiency in agriculture, improve
trade, and recapitalize the nation's banks. In June 2000, the
government completed an IMF-sponsored, three-year structural
adjustment program; however, the IMF is pressing for more reforms,
including increased budget transparency, privatization, and poverty
reduction programs. In January 2001, the Paris Club agreed to reduce
Cameroon's debt of $1.3 billion by $900 million; debt relief now
totals $1.26 billion. International oil and cocoa prices have a
significant impact on the economy.
Canada
As an affluent, high-tech industrial society in the
trillion-dollar class, Canada resembles the US in its
market-oriented economic system, pattern of production, and affluent
living standards. Since World War II, the impressive growth of the
manufacturing, mining, and service sectors has transformed the
nation from a largely rural economy into one primarily industrial
and urban. The 1989 US-Canada Free Trade Agreement (FTA) and the
1994 North American Free Trade Agreement (NAFTA) (which includes
Mexico) touched off a dramatic increase in trade and economic
integration with the US. Given its great natural resources, skilled
labor force, and modern capital plant, Canada enjoys solid economic
prospects. Top-notch fiscal management has produced consecutive
balanced budgets since 1997, although public debate continues over
the equitable distribution of federal funds to the Canadian
provinces. Exports account for roughly a third of GDP. Canada enjoys
a substantial trade surplus with its principal trading partner, the
US, which absorbs 80% of Canadian exports each year. Canada is the
US's largest foreign supplier of energy, including oil, gas,
uranium, and electric power. During 2007, Canada enjoyed good
economic growth, moderate inflation, and the lowest unemployment
rate in more than three decades.
Cape Verde
This island economy suffers from a poor natural resource
base, including serious water shortages exacerbated by cycles of
long-term drought. The economy is service-oriented, with commerce,
transport, tourism, and public services accounting for about
three-fourths of GDP. Although nearly 70% of the population lives in
rural areas, the share of food production in GDP is low. About 82%
of food must be imported. The fishing potential, mostly lobster and
tuna, is not fully exploited. Cape Verde annually runs a high trade
deficit, financed by foreign aid and remittances from emigrants;
remittances supplement GDP by more than 20%. Economic reforms are
aimed at developing the private sector and attracting foreign
investment to diversify the economy. Future prospects depend heavily
on the maintenance of aid flows, the encouragement of tourism,
remittances, and the momentum of the government's development
program. Cape Verde became a member of the WTO in July 2008.
Cayman Islands
With no direct taxation, the islands are a thriving
offshore financial center. More than 68,000 companies were
registered in the Cayman Islands as of 2003, including almost 500
banks, 800 insurers, and 5,000 mutual funds. A stock exchange was
opened in 1997. Tourism is also a mainstay, accounting for about 70%
of GDP and 75% of foreign currency earnings. The tourist industry is
aimed at the luxury market and caters mainly to visitors from North
America. Total tourist arrivals exceeded 2.1 million in 2003, with
about half from the US. About 90% of the islands' food and consumer
goods must be imported. The Caymanians enjoy one of the highest
outputs per capita and one of the highest standards of living in the
world.
Central African Republic
Subsistence agriculture, together with
forestry, remains the backbone of the economy of the Central African
Republic (CAR), with more than 70% of the population living in
outlying areas. The agricultural sector generates more than half of
GDP. Timber has accounted for about 16% of export earnings and the
diamond industry, for 40%. Important constraints to economic
development include the CAR's landlocked position, a poor
transportation system, a largely unskilled work force, and a legacy
of misdirected macroeconomic policies. Factional fighting between
the government and its opponents remains a drag on economic
revitalization. Distribution of income is extraordinarily unequal.
Grants from France and the international community can only
partially meet humanitarian needs.
Chad
Chad's primarily agricultural economy will continue to be
boosted by major foreign direct investment projects in the oil
sector that began in 2000. At least 80% of Chad's population relies
on subsistence farming and livestock raising for its livelihood.
Chad's economy has long been handicapped by its landlocked position,
high energy costs, and a history of instability. Chad relies on
foreign assistance and foreign capital for most public and private
sector investment projects. A consortium led by two US companies has
been investing $3.7 billion to develop oil reserves - estimated at 1
billion barrels - in southern Chad. Chinese companies are also
expanding exploration efforts and plan to build a refinery. The
nation's total oil reserves have been estimated to be 1.5 billion
barrels. Oil production came on stream in late 2003. Chad began to
export oil in 2004. Cotton, cattle, and gum arabic provide the bulk
of Chad's non-oil export earnings.
Chile
Chile has a market-oriented economy characterized by a high
level of foreign trade. During the early 1990s, Chile's reputation
as a role model for economic reform was strengthened when the
democratic government of Patricio AYLWIN - which took over from the
military in 1990 - deepened the economic reform initiated by the
military government. Growth in real GDP averaged 8% during 1991-97,
but fell to half that level in 1998 because of tight monetary
policies implemented to keep the current account deficit in check
and because of lower export earnings - the latter a product of the
global financial crisis. A severe drought exacerbated the recession
in 1999, reducing crop yields and causing hydroelectric shortfalls
and electricity rationing, and Chile experienced negative economic
growth for the first time in more than 15 years. Despite the effects
of the recession, Chile maintained its reputation for strong
financial institutions and sound policy that have given it the
strongest sovereign bond rating in South America. Between 2000 and
2007 growth ranged between 2%-6%. Throughout these years Chile
maintained a low rate of inflation with GDP growth coming from high
copper prices, solid export earnings (particularly forestry,
fishing, and mining), and growing domestic consumption. President
BACHELET in 2006 established an Economic and Social Stabilization
Fund to hold excess copper revenues so that social spending can be
maintained during periods of copper shortfalls. This fund probably
surpassed $20 billion at the end of 2007. Chile continues to attract
foreign direct investment, but most foreign investment goes into
gas, water, electricity and mining. Unemployment has exhibited a
downward trend over the past two years, dropping to 7.8% and 7.0% at
the end of 2006 and 2007, respectively. Chile deepened its
longstanding commitment to trade liberalization with the signing of
a free trade agreement with the US, which took effect on 1 January
2004. Chile claims to have more bilateral or regional trade
agreements than any other country. It has 57 such agreements (not
all of them full free trade agreements), including with the European
Union, Mercosur, China, India, South Korea, and Mexico.
China China's economy during the last quarter century has changed from a centrally planned system that was largely closed to international trade to a more market-oriented economy that has a rapidly growing private sector and is a major player in the global economy. Reforms started in the late 1970s with the phasing out of collectivized agriculture, and expanded to include the gradual liberalization of prices, fiscal decentralization, increased autonomy for state enterprises, the foundation of a diversified banking system, the development of stock markets, the rapid growth of the non-state sector, and the opening to foreign trade and investment. China has generally implemented reforms in a gradualist or piecemeal fashion, including the sale of minority shares in four of China's largest state banks to foreign investors and refinements in foreign exchange and bond markets in 2005. After keeping its currency tightly linked to the US dollar for years, China in July 2005 revalued its currency by 2.1% against the US dollar and moved to an exchange rate system that references a basket of currencies. Cumulative appreciation of the renminbi against the US dollar since the end of the dollar peg reached 15% in January 2008. The restructuring of the economy and resulting efficiency gains have contributed to a more than tenfold increase in GDP since 1978. Measured on a purchasing power parity (PPP) basis, China in 2007 stood as the second-largest economy in the world after the US, although in per capita terms the country is still lower middle-income. Annual inflows of foreign direct investment in 2007 rose to $75 billion. By the end of 2007, more than 5,000 domestic Chinese enterprises had established direct investments in 172 countries and regions around the world. The Chinese government faces several economic development challenges: (a) to sustain adequate job growth for tens of millions of workers laid off from state-owned enterprises, migrants, and new entrants to the work force; (b) to reduce corruption and other economic crimes; and (c) to contain environmental damage and social strife related to the economy's rapid transformation. Economic development has been more rapid in coastal provinces than in the interior, and approximately 200 million rural laborers have relocated to urban areas to find work. One demographic consequence of the "one child" policy is that China is now one of the most rapidly aging countries in the world. Deterioration in the environment - notably air pollution, soil erosion, and the steady fall of the water table, especially in the north - is another long-term problem. China continues to lose arable land because of erosion and economic development. In 2007 China intensified government efforts to improve environmental conditions, tying the evaluation of local officials to environmental targets, publishing a national climate change policy, and establishing a high level leading group on climate change, headed by Premier WEN Jiabao. The Chinese government seeks to add energy production capacity from sources other than coal and oil as its double-digit economic growth increases demand. Chinese energy officials in 2007 agreed to purchase five third generation nuclear reactors from Western companies. More power generating capacity came on line in 2006 as large scale investments - including the Three Gorges Dam across the Yangtze River - were completed.
Christmas Island
Phosphate mining had been the only significant
economic activity, but in December 1987 the Australian Government
closed the mine. In 1991, the mine was reopened. With the support of
the government, a $34 million casino opened in 1993, but closed in
1998. The Australian Government in 2001 agreed to support the
creation of a commercial space-launching site on the island,
expected to begin operations in the near future.
Clipperton Island
Although 115 species of fish have been identified
in the territorial waters of Clipperton Island, the only economic
activity is tuna fishing.
Cocos (Keeling) Islands
Grown throughout the islands, coconuts are
the sole cash crop. Small local gardens and fishing contribute to
the food supply, but additional food and most other necessities must
be imported from Australia. There is a small tourist industry.
Colombia
Colombia's economy has experienced positive growth over the
past five years despite a serious armed conflict. In fact, 2007 is
regarded by policy makers and the private sector as one of the best
economic years in recent history, after 2005. The economy continues
to improve in part because of austere government budgets, focused
efforts to reduce public debt levels, an export-oriented growth
strategy, improved domestic security, and high commodity prices.
Ongoing economic problems facing President URIBE include reforming
the pension system, reducing high unemployment, and funding new
exploration to offset declining oil production. The government's
economic reforms and democratic security strategy, coupled with
increased investment, have engendered a growing sense of confidence
in the economy. However, the business sector continues to be
concerned about failure of the US Congress to approve the signed FTA.
Comoros
One of the world's poorest countries, Comoros is made up of
three islands that have inadequate transportation links, a young and
rapidly increasing population, and few natural resources. The low
educational level of the labor force contributes to a subsistence
level of economic activity, high unemployment, and a heavy
dependence on foreign grants and technical assistance. Agriculture,
including fishing, hunting, and forestry, contributes 40% to GDP,
employs 80% of the labor force, and provides most of the exports.
The country is not self-sufficient in food production; rice, the
main staple, accounts for the bulk of imports. The government -
which is hampered by internal political disputes - is struggling to
upgrade education and technical training, privatize commercial and
industrial enterprises, improve health services, diversify exports,
promote tourism, and reduce the high population growth rate. The
political problems caused the economy to contract in 2007.
Remittances from 150,000 Comorans abroad help supplement GDP.
Congo, Democratic Republic of the
The economy of the Democratic
Republic of the Congo - a nation endowed with vast potential wealth
- is slowly recovering from two decades of decline. Conflict, which
began in August 1998, dramatically reduced national output and
government revenue, increased external debt, and resulted in the
deaths of more than 3.5 million people from violence, famine, and
disease. Foreign businesses curtailed operations due to uncertainty
about the outcome of the conflict, lack of infrastructure, and the
difficult operating environment. Conditions began to improve in late
2002 with the withdrawal of a large portion of the invading foreign
troops. The transitional government reopened relations with
international financial institutions and international donors, and
President KABILA has begun implementing reforms, although progress
is slow and the International Monetary Fund curtailed their program
for the DRC at the end of March 2006 because of fiscal overruns.
Much economic activity still occurs in the informal sector, and is
not reflected in GDP data. Renewed activity in the mining sector,
the source of most export income, boosted Kinshasa's fiscal position
and GDP growth. Government reforms and improved security may lead to
increased government revenues, outside budget assistance, and
foreign direct investment, although an uncertain legal framework,
corruption, and a lack of transparency in government policy are
continuing long-term problems.
Congo, Republic of the
The economy is a mixture of subsistence
agriculture, an industrial sector based largely on oil, and support
services, and a government characterized by budget problems and
overstaffing. Oil has supplanted forestry as the mainstay of the
economy, providing a major share of government revenues and exports.
In the early 1980s, rapidly rising oil revenues enabled the
government to finance large-scale development projects with GDP
growth averaging 5% annually, one of the highest rates in Africa.
The government has mortgaged a substantial portion of its oil
earnings through oil-backed loans that have contributed to a growing
debt burden and chronic revenue shortfalls. Economic reform efforts
have been undertaken with the support of international
organizations, notably the World Bank and the IMF. However, the
reform program came to a halt in June 1997 when civil war erupted.
Denis SASSOU-NGUESSO, who returned to power when the war ended in
October 1997, publicly expressed interest in moving forward on
economic reforms and privatization and in renewing cooperation with
international financial institutions. Economic progress was badly
hurt by slumping oil prices and the resumption of armed conflict in
December 1998, which worsened the republic's budget deficit. The
current administration presides over an uneasy internal peace and
faces difficult economic challenges of stimulating recovery and
reducing poverty. Recovery of oil prices has boosted the economy's
GDP and near-term prospects. In March 2006, the World Bank and the
International Monetary Fund (IMF) approved Heavily Indebted Poor
Countries (HIPC) treatment for Congo.
Cook Islands
Like many other South Pacific island nations, the Cook
Islands' economic development is hindered by the isolation of the
country from foreign markets, the limited size of domestic markets,
lack of natural resources, periodic devastation from natural
disasters, and inadequate infrastructure. Agriculture, employing
about one-third of the working population, provides the economic
base with major exports made up of copra and citrus fruit. Black
pearls are the Cook Islands' leading export. Manufacturing
activities are limited to fruit processing, clothing, and
handicrafts. Trade deficits are offset by remittances from emigrants
and by foreign aid, overwhelmingly from New Zealand. In the 1980s
and 1990s, the country lived beyond its means, maintaining a bloated
public service and accumulating a large foreign debt. Subsequent
reforms, including the sale of state assets, the strengthening of
economic management, the encouragement of tourism, and a debt
restructuring agreement, have rekindled investment and growth.
Coral Sea Islands
no economic activity
Costa Rica
Costa Rica's basically stable economy depends on tourism,
agriculture, and electronics exports. Poverty has remained around
20% for nearly 20 years, and the strong social safety net that had
been put into place by the government has eroded due to increased
financial constraints on government expenditures. Immigration from
Nicaragua has increasingly become a concern for the government. The
estimated 300,000-500,000 Nicaraguans estimated to be in Costa Rica
legally and illegally are an important source of (mostly unskilled)
labor, but also place heavy demands on the social welfare system.
Foreign investors remain attracted by the country's political
stability and high education levels, as well as the fiscal
incentives offered in the free-trade zones. Exports have become more
diversified in the past 10 years due to the growth of the high-tech
manufacturing sector, which is dominated by the microprocessor
industry. Tourism continues to bring in foreign exchange, as Costa
Rica's impressive biodiversity makes it a key destination for
ecotourism. The government continues to grapple with its large
internal and external deficits and sizable internal debt. Reducing
inflation remains a difficult problem because of rising import
prices, labor market rigidities, and fiscal deficits. Tax and public
expenditure reforms will be necessary to close the budget gap. In
October 2007, a national referendum voted in favor of the US-Central
American Free Trade Agreement (CAFTA).
Cote d'Ivoire
Cote d'Ivoire is the world's largest producer and
exporter of cocoa beans and a significant producer and exporter of
coffee and palm oil. Consequently, the economy is highly sensitive
to fluctuations in international prices for these products, and, to
a lesser extent, in climatic conditions. Despite government attempts
to diversify the economy, it is still heavily dependent on
agriculture and related activities, engaging roughly 68% of the
population. Since 2006, oil and gas production have become more
important engines of economic activity than cocoa. According to IMF
statistics, earnings from oil and refined products were $1.3 billion
in 2006, while cocoa-related revenues were $1 billion during the
same period. Cote d'Ivoire's offshore oil and gas production has
resulted in substantial crude oil exports and provides sufficient
natural gas to fuel electricity exports to Ghana, Togo, Benin, Mali
and Burkina Faso. Oil exploration by a number of consortiums of
private companies continues offshore, and President GBAGBO has
expressed hope that daily crude output could reach 200,000 barrels
per day (b/d) by the end of the decade. Since the end of the civil
war in 2003, political turmoil has continued to damage the economy,
resulting in the loss of foreign investment and slow economic
growth. GDP grew by 1.8% in 2006 and 1.7% in 2007. Per capita income
has declined by 15% since 1999.
Croatia
Once one of the wealthiest of the Yugoslav republics,
Croatia's economy suffered badly during the 1991-95 war as output
collapsed and the country missed the early waves of investment in
Central and Eastern Europe that followed the fall of the Berlin
Wall. Since 2000, however, Croatia's economic fortunes have begun to
improve slowly, with moderate but steady GDP growth between 4% and
6% led by a rebound in tourism and credit-driven consumer spending.
Inflation over the same period has remained tame and the currency,
the kuna, stable. Nevertheless, difficult problems still remain,
including a stubbornly high unemployment rate, a growing trade
deficit and uneven regional development. The state retains a large
role in the economy, as privatization efforts often meet stiff
public and political resistance. While macroeconomic stabilization
has largely been achieved, structural reforms lag because of deep
resistance on the part of the public and lack of strong support from
politicians. The EU accession process should accelerate fiscal and
structural reform.
Cuba
The government continues to balance the need for economic
loosening against a desire for firm political control. It has rolled
back limited reforms undertaken in the 1990s to increase enterprise
efficiency and alleviate serious shortages of food, consumer goods,
and services. The average Cuban's standard of living remains at a
lower level than before the downturn of the 1990s, which was caused
by the loss of Soviet aid and domestic inefficiencies. Since late
2000, Venezuela has been providing oil on preferential terms, and it
currently supplies about 100,000 barrels per day of petroleum
products. Cuba has been paying for the oil, in part, with the
services of Cuban personnel in Venezuela, including some 20,000
medical professionals. In 2007, high metals prices continued to
boost Cuban earnings from nickel and cobalt production. Havana
continued to invest in the country's energy sector to mitigate
electrical blackouts that had plagued the country since 2004.
Cyprus
The area of the Republic of Cyprus under government control
has a market economy dominated by the service sector, which accounts
for 78% of GDP. Tourism, financial services, and real estate are the
most important sectors. Erratic growth rates over the past decade
reflect the economy's reliance on tourism, which often fluctuates
with political instability in the region and economic conditions in
Western Europe. Nevertheless, the economy in the area under
government control grew by an average of 3.6% per year during the
period of 2000-06, well above the EU average. Cyprus joined the
European Exchange Rate Mechanism (ERM2) in May 2005 and adopted the
euro as its national currency on 1 January 2008. An aggressive
austerity program in the preceding years, aimed at paving the way
for the euro, helped turn a soaring fiscal deficit (6.3% in 2003)
into a surplus of 1.5% in 2007. As in the area administered by
Turkish Cypriots, water shortages are a perennial problem; a few
desalination plants are now on line. After 10 years of drought, the
country received substantial rainfall from 2001-04 alleviating
immediate concerns. Rainfall in 2005 and 2006, however, was well
below average, making water rationing a necessity in 2007.
Czech Republic
The Czech Republic is one of the most stable and
prosperous of the post-Communist states of Central and Eastern
Europe. Growth in 2000-07 was supported by exports to the EU,
primarily to Germany, and a strong recovery of foreign and domestic
investment. Domestic demand is playing an ever more important role
in underpinning growth as the availability of credit cards and
mortgages increases. The current account deficit has declined to
around 3.3% of GDP as demand for automotive and other products from
the Czech Republic remains strong in the European Union. Rising
inflation from higher food and energy prices are a risk to balanced
economic growth. Significant increases in social spending in the
run-up to June 2006 elections prevented, the government from meeting
its goal of reducing its budget deficit to 3% of GDP in 2007.
Negotiations on pension and additional healthcare reforms are
continuing without clear prospects for agreement and implementation.
Intensified restructuring among large enterprises, improvements in
the financial sector, and effective use of available EU funds should
strengthen output growth. The pro-business Civic Democratic
Party-led government approved reforms in 2007 designed to cut
spending on some social welfare benefits and reform the tax system
with the aim of eventually reducing the budget deficit to 2.3% of
GDP by 2010. Parliamentary approval for any additional reforms could
prove difficult, however, because of the parliament's even split.
The government withdrew a 2010 target date for euro adoption and
instead aims to meet the eurozone criteria around 2012.
Denmark
The Danish economy has in recent years undergone strong
expansion fueled primarily by private consumption growth, but also
supported by exports and investments. This thoroughly modern market
economy features high-tech agriculture, up-to-date small-scale and
corporate industry, extensive government welfare measures,
comfortable living standards, a stable currency, and high dependence
on foreign trade. Unemployment is low and capacity constraints are
limiting growth potential. Denmark is a net exporter of food and
energy and enjoys a comfortable balance of payments surplus.
Government objectives include streamlining the bureaucracy and
further privatization of state assets. The government has been
successful in meeting, and even exceeding, the economic convergence
criteria for participating in the third phase (a common European
currency) of the European Economic and Monetary Union (EMU), but so
far Denmark has decided not to join 15 other EU members in the euro.
Nonetheless, the Danish krone remains pegged to the euro. Economic
growth gained momentum in 2004 and the upturn continued through
2007. The controversy over caricatures of the Prophet Muhammad
printed in a Danish newspaper in September 2005 led to boycotts of
some Danish exports to the Muslim world, especially exports of dairy
products, but the boycotts did not have a significant impact on the
overall Danish economy. Because of high GDP per capita, welfare
benefits, a low Gini index, and political stability, the Danish
living standards are among the highest in the world. A major
long-term issue will be the sharp decline in the ratio of workers to
retirees.
Dhekelia
Economic activity is limited to providing services to the
military and their families located in Dhekelia. All food and
manufactured goods must be imported.
Djibouti
The economy is based on service activities connected with
the country's strategic location and status as a free trade zone in
the Horn of Africa. Two-thirds of Djibouti's inhabitants live in the
capital city; the remainder are mostly nomadic herders. Scanty
rainfall limits crop production to fruits and vegetables, and most
food must be imported. Djibouti provides services as both a transit
port for the region and an international transshipment and refueling
center. Imports and exports from landlocked neighbor Ethiopia
represent 85% of port activity at Djibouti's container terminal.
Djibouti has few natural resources and little industry. The nation
is, therefore, heavily dependent on foreign assistance to help
support its balance of payments and to finance development projects.
An unemployment rate of nearly 60% continues to be a major problem.
While inflation is not a concern, due to the fixed tie of the
Djiboutian franc to the US dollar, the artificially high value of
the Djiboutian franc adversely affects Djibouti's balance of
payments. Per capita consumption dropped an estimated 35% between
1999 and 2006 because of recession, civil war, and a high population
growth rate (including immigrants and refugees). Faced with a
multitude of economic difficulties, the government has fallen in
arrears on long-term external debt and has been struggling to meet
the stipulations of foreign aid donors.
Dominica
The Dominican economy depends on agriculture, primarily
bananas, and remains highly vulnerable to climatic conditions and
international economic developments. Tourism has increased as the
government seeks to promote Dominica as an "ecotourism" destination.
In 2003, the government began a comprehensive restructuring of the
economy - including elimination of price controls, privatization of
the state banana company, and tax increases - to address Dominica's
economic and financial crisis of 2001-02 and to meet IMF targets.
This restructuring paved the way for the current economic recovery -
real growth for 2006 reached a two-decade high - and will help to
reduce the debt burden, which remains at about 100% of GDP. In order
to diversify the island's production base, the government is
attempting to develop an offshore financial sector and is
researching Dominica's capability to export geothermal energy.
Dominican Republic
The Dominican Republic has enjoyed strong GDP
growth since 2005, with double digit growth in 2006. In 2007,
exports were bolstered by the nearly 50% increase in nickel prices;
however, prices are expected to fall in 2008, contributing to a
slowdown in GDP growth for the year. Although the country has long
been viewed primarily as an exporter of sugar, coffee, and tobacco,
in recent years the service sector has overtaken agriculture as the
economy's largest employer due to growth in tourism and free trade
zones. The economy is highly dependent upon the US, the source of
nearly three-fourths of exports, and remittances represent about a
tenth of GDP, equivalent to almost half of exports and
three-quarters of tourism receipts. With the help of strict fiscal
targets agreed to in the 2004 renegotiation of an IMF standby loan,
President FERNANDEZ has stabilized the country's financial
situation, lowering inflation to less than 6%. A fiscal expansion is
expected for 2008 prior to the elections in May and for Tropical
Storm Noel reconstruction. Although the economy is growing at a
respectable rate, high unemployment and underemployment remains an
important challenge. The country suffers from marked income
inequality; the poorest half of the population receives less than
one-fifth of GNP, while the richest 10% enjoys nearly 40% of
national income. The Central America-Dominican Republic Free Trade
Agreement (CAFTA-DR) came into force in March 2007, which should
boost investment and exports and reduce losses to the Asian garment
industry.
Ecuador
Ecuador is substantially dependent on its petroleum
resources, which have accounted for more than half of the country's
export earnings and one-fourth of public sector revenues in recent
years. In 1999/2000, Ecuador suffered a severe economic crisis, with
GDP contracted by more than 6%, with a significant increase in
poverty. The banking system also collapsed, and Ecuador defaulted on
its external debt later that year. In March 2000, Congress approved
a series of structural reforms that also provided for the adoption
of the US dollar as legal tender. Dollarization stabilized the
economy, and positive growth returned in the years that followed,
helped by high oil prices, remittances, and increased
non-traditional exports. From 2002-06 the economy grew 5.5%, the
highest five-year average in 25 years. The poverty rate declined but
remained high at 38% in 2006. In 2006 the government of Alfredo
PALACIO (2005-07) seized the assets of Occidental Petroleum for
alleged contract violations and imposed a windfall revenue tax on
foreign oil companies, leading to the suspension of free trade
negotiations with the US. These measures, combined with chronic
underinvestment in the state oil company, Petroecuador, led to a
drop in petroleum production in 2007. PALACIO's successor, Rafael
CORREA, raised the specter of debt default - but Ecuador has paid
its debt on time. He also decreed a higher windfall revenue tax on
private oil companies, then sought to renegotiate their contracts to
overcome the debilitating effect of the tax. This generated economic
uncertainty; private investment has dropped and economic growth has
slowed significantly.
Egypt
Occupying the northeast corner of the African continent, Egypt
is bisected by the highly fertile Nile valley, where most economic
activity takes place. In the last 30 years, the government has
reformed the highly centralized economy it inherited from President
Gamel Abdel NASSER. In 2005, Prime Minister Ahmed NAZIF's government
reduced personal and corporate tax rates, reduced energy subsidies,
and privatized several enterprises. The stock market boomed, and GDP
grew about 5% per year in 2005-06, and topped 7% in 2007. Despite
these achievements, the government has failed to raise living
standards for the average Egyptian, and has had to continue
providing subsidies for basic necessities. The subsidies have
contributed to a sizeable budget deficit - roughly 7.5% of GDP in
2007 - and represent a significant drain on the economy. Foreign
direct investment has increased significantly in the past two years,
but the NAZIF government will need to continue its aggressive
pursuit of reforms in order to sustain the spike in investment and
growth and begin to improve economic conditions for the broader
population. Egypt's export sectors - particularly natural gas - have
bright prospects.
El Salvador
The smallest country in Central America, El Salvador has
the third largest economy, but growth has been modest in recent
years. Robust growth in non-traditional exports have offset declines
in the maquila exports, while remittances and external aid offset
the trade deficit from high oil prices and strong import demand for
consumer and intermediate goods. El Salvador leads the region in
remittances per capita with inflows equivalent to nearly all export
income. Implementation in 2006 of the Central America-Dominican
Republic Free Trade Agreement (CAFTA), which El Salvador was the
first to ratify, has strengthened an already positive export trend.
With the adoption of the US dollar as its currency in 2001, El
Salvador lost control over monetary policy and must concentrate on
maintaining a disciplined fiscal policy. The current government has
pursued economic diversification, with some success in promoting
textile production, international port services, and tourism through
tax incentives. It is committed to opening the economy to trade and
investment, and has embarked on a wave of privatizations extending
to telecom, electricity distribution, banking, and pension funds. In
late 2006, the government and the Millennium Challenge Corporation
signed a five-year, $461 million compact to stimulate economic
growth and reduce poverty in the country's northern region through
investments in education, public services, enterprise development,
and transportation infrastructure.
Equatorial Guinea
The discovery and exploitation of large oil
reserves have contributed to dramatic economic growth in recent
years. Forestry, farming, and fishing are also major components of
GDP. Subsistence farming predominates. Although pre-independence
Equatorial Guinea counted on cocoa production for hard currency
earnings, the neglect of the rural economy under successive regimes
has diminished potential for agriculture-led growth (the government
has stated its intention to reinvest some oil revenue into
agriculture). A number of aid programs sponsored by the World Bank
and the IMF have been cut off since 1993, because of corruption and
mismanagement. No longer eligible for concessional financing because
of large oil revenues, the government has been trying to agree on a
"shadow" fiscal management program with the World Bank and IMF.
Government officials and their family members own most businesses.
Undeveloped natural resources include titanium, iron ore, manganese,
uranium, and alluvial gold. Growth remained strong in 2007, led by
oil.
Eritrea
Since independence from Ethiopia in 1993, Eritrea has faced
the economic problems of a small, desperately poor country,
accentuated by the recent implementation of restrictive economic
policies. Eritrea has a command economy under the control of the
sole political party, the People's Front for Democracy and Justice
(PFDJ). Like the economies of many African nations, the economy is
largely based on subsistence agriculture, with 80% of the population
involved in farming and herding. The Ethiopian-Eritrea war in
1998-2000 severely hurt Eritrea's economy. GDP growth fell to zero
in 1999 and to -12.1% in 2000. The May 2000 Ethiopian offensive into
northern Eritrea caused some $600 million in property damage and
loss, including losses of $225 million in livestock and 55,000
homes. The attack prevented planting of crops in Eritrea's most
productive region, causing food production to drop by 62%. Even
during the war, Eritrea developed its transportation infrastructure,
asphalting new roads, improving its ports, and repairing war-damaged
roads and bridges. Since the war ended, the government has
maintained a firm grip on the economy, expanding the use of the
military and party-owned businesses to complete Eritrea's
development agenda. The government strictly controls the use of
foreign currency, limiting access and availability. Few private
enterprises remain in Eritrea. Eritrea's economy is heavily
dependent on taxes paid by members of the diaspora. Erratic rainfall
and the delayed demobilization of agriculturalists from the military
continue to interfere with agricultural production, and Eritrea's
recent harvests have not been able to meet the food needs of the
country. The government continues to place its hope for additional
revenue on the development of several international mining projects.
Despite difficulties for international companies in working with the
Eritrean government, a Canadian mining company signed a contract
with the GSE in 2007 and plans to begin mineral extraction in 2010.
Eritrea also anticipates opening a free trade zone at the port of
Massawa in 2008. Eritrea's economic future depends upon its ability
to master social problems such as illiteracy, unemployment, and low
skills, and more importantly, on the government's willingness to
support a true market economy.
Estonia
Estonia, a 2004 European Union entrant, has a modern
market-based economy and one of the highest per capita income levels
in Central Europe. The economy benefits from strong electronics and
telecommunications sectors and strong trade ties with Finland,
Sweden, and Germany. The current government has pursued relatively
sound fiscal policies, resulting in balanced budgets and low public
debt. In 2007, however, a large current account deficit and rising
inflation put pressure on Estonia's currency, which is pegged to the
euro, highlighting the need for growth in export-generating
industries.
Ethiopia
Ethiopia's poverty-stricken economy is based on
agriculture, accounting for almost half of GDP, 60% of exports, and
80% of total employment. The agricultural sector suffers from
frequent drought and poor cultivation practices. Coffee is critical
to the Ethiopian economy with exports of some $350 million in 2006,
but historically low prices have seen many farmers switching to qat
to supplement income. The war with Eritrea in 1998-2000 and
recurrent drought have buffeted the economy, in particular coffee
production. In November 2001, Ethiopia qualified for debt relief
from the Highly Indebted Poor Countries (HIPC) initiative, and in
December 2005 the IMF voted to forgive Ethiopia's debt to the body.
Under Ethiopia's constitution, the state owns all land and provides
long-term leases to the tenants; the system continues to hamper
growth in the industrial sector as entrepreneurs are unable to use
land as collateral for loans. Drought struck again late in 2002,
leading to a 3.3% decline in GDP in 2003. Normal weather patterns
helped agricultural and GDP growth recover during 2004-07.
European Union
Internally, the EU is attempting to lower trade
barriers, adopt a common currency, and move toward convergence of
living standards. Internationally, the EU aims to bolster Europe's
trade position and its political and economic power. Because of the
great differences in per capita income among member states (from
$7,000 to $69,000) and historic national animosities, the EU faces
difficulties in devising and enforcing common policies. For example,
since 2003 Germany and France have flouted the member states' treaty
obligation to prevent their national budgets from running more than
a 3% deficit. In 2004 and 2007, the EU admitted 10 and two
countries, respectively, that are, in general, less advanced
technologically and economically than the other 15. Eleven
established EU member states introduced the euro as their common
currency on 1 January 1999 (Greece did so two years later), but the
UK, Sweden, and Denmark chose not to participate. Of the 12 most
recent member states, only Slovenia (1 January 2007) and Cyprus and
Malta (1 January 2008) have adopted the euro; the remaining nine are
legally required to adopt the currency upon meeting EU's fiscal and
monetary convergence criteria.
Falkland Islands (Islas Malvinas) The economy was formerly based on agriculture, mainly sheep farming, but today fishing contributes the bulk of economic activity. In 1987, the government began selling fishing licenses to foreign trawlers operating within the Falkland Islands' exclusive fishing zone. These license fees total more than $40 million per year, which help support the island's health, education, and welfare system. Squid accounts for 75% of the fish taken. Dairy farming supports domestic consumption; crops furnish winter fodder. Exports feature shipments of high-grade wool to the UK and the sale of postage stamps and coins. The islands are now self-financing except for defense. The British Geological Survey announced a 200-mile oil exploration zone around the islands in 1993, and early seismic surveys suggest substantial reserves capable of producing 500,000 barrels per day; to date, no exploitable site has been identified. An agreement between Argentina and the UK in 1995 seeks to defuse licensing and sovereignty conflicts that would dampen foreign interest in exploiting potential oil reserves. Tourism, especially eco-tourism, is increasing rapidly, with about 30,000 visitors in 2001. Another large source of income is interest paid on money the government has in the bank. The British military presence also provides a sizeable economic boost.
Faroe Islands
The Faroese economy is dependent on fishing, which
makes the economy vulnerable to price swings. Since 2003 the Faroese
economy has picked up as a result of higher prices for fish and for
housing. Unemployment is minimal and government finances are
relatively sound. Oil finds close to the Islands give hope for
economically recoverable deposits, which could eventually lay the
basis for a more diversified economy and lessen dependence on Danish
economic assistance. Aided by a substantial annual subsidy (about
15% of GDP) from Denmark, the Faroese have a standard of living not
far below the Danes and other Scandinavians.
Fiji
Fiji, endowed with forest, mineral, and fish resources, is one
of the most developed of the Pacific island economies, though still
with a large subsistence sector. Sugar exports, remittances from
Fijians working abroad, and a growing tourist industry - with
400,000 to 500,000 tourists annually - are the major sources of
foreign exchange. Fiji's sugar has special access to European Union
markets, but will be harmed by the EU's decision to cut sugar
subsidies. Sugar processing makes up one-third of industrial
activity but is not efficient. Fiji's tourism industry was damaged
by the December 2006 coup and is facing an uncertain recovery time.
The coup has created a difficult business climate. Tourist arrivals
for 2007 are estimated to be down almost 6%, with substantial job
losses in the service sector. In July 2007 the Reserve Bank of Fiji
announced the economy was expected to contract by 3.1% in 2007.
Fiji's current account deficit reached 23% of GDP in 2006. The EU
has suspended all aid until the interim government takes steps
toward new elections. Long-term problems include low investment,
uncertain land ownership rights, and the government's inability to
manage its budget. Overseas remittances from Fijians working in
Kuwait and Iraq have decreased significantly.
Finland
Finland has a highly industrialized, largely free-market
economy with per capita output roughly that of the UK, France,
Germany, and Italy. Its key economic sector is manufacturing -
principally the wood, metals, engineering, telecommunications, and
electronics industries. Trade is important; exports equal nearly
two-fifths of GDP. Finland excels in high-tech exports, e.g., mobile
phones. Except for timber and several minerals, Finland depends on
imports of raw materials, energy, and some components for
manufactured goods. Because of the climate, agricultural development
is limited to maintaining self-sufficiency in basic products.
Forestry, an important export earner, provides a secondary
occupation for the rural population. High unemployment remains a
persistent problem. In 2007 Russia announced plans to impose high
tariffs on raw timber exported to Finland. The Finnish pulp and
paper industry will be threatened if these duties are put into place
in 2008 and 2009, and the matter is now being handled by the
European Union.
France
France is in the midst of transition from a well-to-do modern
economy that has featured extensive government ownership and
intervention to one that relies more on market mechanisms. The
government has partially or fully privatized many large companies,
banks, and insurers, and has ceded stakes in such leading firms as
Air France, France Telecom, Renault, and Thales. It maintains a
strong presence in some sectors, particularly power, public
transport, and defense industries. The telecommunications sector is
gradually being opened to competition. France's leaders remain
committed to a capitalism in which they maintain social equity by
means of laws, tax policies, and social spending that reduce income
disparity and the impact of free markets on public health and
welfare. Widespread opposition to labor reform has in recent years
hampered the government's ability to revitalize the economy. In
2007, the government launched divisive labor reform efforts that
will continue into 2008. France's tax burden remains one of the
highest in Europe (nearly 50% of GDP in 2005). France brought the
budget deficit within the eurozone's 3%-of-GDP limit for the first
time in 2007 and has reduced unemployment to roughly 8%. With at
least 75 million foreign tourists per year, France is the most
visited country in the world and maintains the third largest income
in the world from tourism.
French Polynesia
Since 1962, when France stationed military
personnel in the region, French Polynesia has changed from a
subsistence agricultural economy to one in which a high proportion
of the work force is either employed by the military or supports the
tourist industry. With the halt of French nuclear testing in 1996,
the military contribution to the economy fell sharply. Tourism
accounts for about one-fourth of GDP and is a primary source of hard
currency earnings. Other sources of income are pearl farming and
deep-sea commercial fishing. The small manufacturing sector
primarily processes agricultural products. The territory benefits
substantially from development agreements with France aimed
principally at creating new businesses and strengthening social
services.
French Southern and Antarctic Lands
Economic activity is limited to
servicing meteorological and geophysical research stations, military
bases, and French and other fishing fleets. The fish catches landed
on Iles Kerguelen by foreign ships are exported to France and
Reunion.
Gabon
Gabon enjoys a per capita income four times that of most of
sub-Saharan African nations. but because of high income inequality,
a large proportion of the population remains poor. Gabon depended on
timber and manganese until oil was discovered offshore in the early
1970s. The oil sector now accounts for 50% of GDP. Gabon continues
to face fluctuating prices for its oil, timber, and manganese
exports. Despite the abundance of natural wealth, poor fiscal
management hobbles the economy. The devaluation of the CFA franc -
its currency - by 50% in January 1994 sparked a one-time
inflationary surge, to 35%; the rate dropped to 6% in 1996. The IMF
provided a one-year standby arrangement in 1994-95, a three-year
Enhanced Financing Facility (EFF) at near commercial rates beginning
in late 1995, and stand-by credit of $119 million in October 2000.
Those agreements mandated progress in privatization and fiscal
discipline. France provided additional financial support in January
1997 after Gabon met IMF targets for mid-1996. In 1997, an IMF
mission to Gabon criticized the government for overspending on
off-budget items, overborrowing from the central bank, and slipping
on its schedule for privatization and administrative reform. The
rebound of oil prices since 1999 have helped growth, but drops in
production have hampered Gabon from fully realizing potential gains,
and will continue to temper the gains for most of this decade. In
December 2000, Gabon signed a new agreement with the Paris Club to
reschedule its official debt. A follow-up bilateral repayment
agreement with the US was signed in December 2001. Gabon signed a
14-month Stand-By Arrangement with the IMF in May 2004, and received
Paris Club debt rescheduling later that year. Short-term progress
depends on an upbeat world economy and fiscal and other adjustments
in line with IMF policies.
Gambia, The
The Gambia has no confirmed mineral or natural resource
deposits and has a limited agricultural base. About 75% of the
population depends on crops and livestock for its livelihood.
Small-scale manufacturing activity features the processing of
peanuts, fish, and hides. Reexport trade normally constitutes a
major segment of economic activity, but a 1999 government-imposed
preshipment inspection plan, and instability of the Gambian dalasi
(currency) have drawn some of the reexport trade away from The
Gambia. The Gambia's natural beauty and proximity to Europe has made
it one of the larger markets for tourism in West Africa. The
government's 1998 seizure of the private peanut firm Alimenta
eliminated the largest purchaser of Gambian groundnuts. Despite an
announced program to begin privatizing key parastatals, no plans
have been made public that would indicate that the government
intends to follow through on its promises. Unemployment and
underemployment rates remain extremely high; short-run economic
progress depends on sustained bilateral and multilateral aid, on
responsible government economic management, on continued technical
assistance from the IMF and bilateral donors, and on expected growth
in the construction sector.
Gaza Strip
High population density, limited land access, and strict
internal and external security controls have kept economic
conditions in the Gaza Strip - the smaller of the two areas under
the Palestinian Authority (PA)- even more degraded than in the West
Bank. The beginning of the second intifada in September 2000 sparked
an economic downturn, largely the result of Israeli closure
policies; these policies, which were imposed to address security
concerns in Israel, disrupted labor and trade access to and from the
Gaza Strip. In 2001, and even more severely in 2003, Israeli
military measures in PA areas resulted in the destruction of
capital, the disruption of administrative structures, and widespread
business closures. The Israeli withdrawal from the Gaza Strip in
September 2005 offered some medium-term opportunities for economic
growth, but continued Israeli-imposed crossings closures, which
became more restrictive after Hamas violently took over the
territory in June 2007, have resulted in widespread private sector
layoffs and shortages of most goods.
Georgia
Georgia's economy has sustained robust GDP growth of close
to 10% in 2006 and 12% in 2007, based on strong inflows of foreign
investment and robust government spending. However, a widening trade
deficit and higher inflation are emerging risks to the economy.
Areas of recent improvement include increasing foreign direct
investment as well as growth in the construction, banking services
and mining sectors. Georgia's main economic activities include the
cultivation of agricultural products such as grapes, citrus fruits,
and hazelnuts; mining of manganese and copper; and output of a small
industrial sector producing alcoholic and nonalcoholic beverages,
metals, machinery, aircraft and chemicals. The country imports
nearly all its needed supplies of natural gas and oil products. It
has sizeable hydropower capacity, a growing component of its energy
supplies. Despite the severe damage the economy suffered due to
civil strife in the 1990s, Georgia, with the help of the IMF and
World Bank, has made substantial economic gains since 2000,
achieving positive GDP growth and curtailing inflation. Georgia's
GDP growth neared 10% in 2006 and 2007 despite restrictions on
commerce with Russia. Areas of recent improvement include increased
foreign direct investment as well as growth in the construction,
banking services, and mining sectors. In addition, the reinvigorated
privatization process has met with success. However, a widening
trade deficit and higher inflation are emerging risks to the
economy. Georgia has suffered from a chronic failure to collect tax
revenues; however, the new government is making progress and has
reformed the tax code, improved tax administration, increased tax
enforcement, and cracked down on corruption. Government revenues
have increased nearly four fold since 2003. Due to improvements in
customs and financial (tax) enforcement, smuggling is a declining
problem. Georgia has overcome the chronic energy shortages of the
past by renovating hydropower plants and by bringing newly available
natural gas supplies from Azerbaijan. It also has an increased
ability to pay for more expensive gas imports from Russia. The
country is pinning its hopes for long-term growth on a determined
effort to reduce regulation, taxes and corruption in order to
attract foreign investment. The construction on the
Baku-T'bilisi-Ceyhan oil pipeline, the Baku-T'bilisi-Erzerum gas
pipeline, and the Kars-Akhalkalaki Railroad are part of a strategy
to capitalize on Georgia's strategic location between Europe and
Asia and develop its role as a transit point for gas, oil and other
goods.
Germany
Germany's affluent and technologically powerful economy -
the fifth largest in the world in PPP terms - showed considerable
improvement in 2007 with 2.6% growth. After a long period of
stagnation with an average growth rate of 0.7% between 2001-05 and
chronically high unemployment, stronger growth led to a considerable
fall in unemployment to about 8% near the end of 2007. Among the
most important reasons for Germany's high unemployment during the
past decade were macroeconomic stagnation, the declining level of
investment in plant and equipment, company restructuring, flat
domestic consumption, structural rigidities in the labor market,
lack of competition in the service sector, and high interest rates.
The modernization and integration of the eastern German economy
continues to be a costly long-term process, with annual transfers
from west to east amounting to roughly $80 billion. The former
government of Chancellor Gerhard SCHROEDER launched a comprehensive
set of reforms of labor market and welfare-related institutions. The
current government of Chancellor Angela MERKEL has initiated other
reform measures, such as a gradual increase in the mandatory
retirement age from 65 to 67 and measures to increase female
participation in the labor market. Germany's aging population,
combined with high chronic unemployment, has pushed social security
outlays to a level exceeding contributions, but higher government
revenues from the cyclical upturn in 2006-07 and a 3% rise in the
value-added tax pushed Germany's budget deficit well below the EU's
3% debt limit. Corporate restructuring and growing capital markets
are setting the foundations that could help Germany meet the
long-term challenges of European economic integration and
globalization, although some economists continue to argue the need
for change in inflexible labor and services markets. Growth may fall
below 2% in 2008 as the strong euro, high oil prices, tighter credit
markets, and slowing growth abroad take their toll.
Ghana
Well endowed with natural resources, Ghana has roughly twice
the per capita output of the poorest countries in West Africa. Even
so, Ghana remains heavily dependent on international financial and
technical assistance. Gold and cocoa production, and individual
remittances, are major sources of foreign exchange. The domestic
economy continues to revolve around agriculture, which accounts for
about 35% of GDP and employs about 55% of the work force, mainly
small landholders. Ghana opted for debt relief under the Heavily
Indebted Poor Country (HIPC) program in 2002, and is also benefiting
from the Multilateral Debt Relief Initiative that took effect in
2006. Thematic priorities under its current Growth and Poverty
Reduction Strategy, which also provides the framework for
development partner assistance, are: macroeconomic stability;
private sector competitiveness; human resource development; and good
governance and civic responsibility. Sound macro-economic management
along with high prices for gold and cocoa helped sustain GDP growth
in 2007. Ghana signed a Millennium Challenge Corporation (MCC)
Compact in 2006, which aims to assist in transforming Ghana's
agricultural sector.
Gibraltar
Self-sufficient Gibraltar benefits from an extensive
shipping trade, offshore banking, and its position as an
international conference center. The British military presence has
been sharply reduced and now contributes about 7% to the local
economy, compared with 60% in 1984. The financial sector, tourism
(almost 5 million visitors in 1998), shipping services fees, and
duties on consumer goods also generate revenue. The financial
sector, the shipping sector, and tourism each contribute 25%-30% of
GDP. Telecommunications accounts for another 10%. In recent years,
Gibraltar has seen major structural change from a public to a
private sector economy, but changes in government spending still
have a major impact on the level of employment.
Greece
Greece has a capitalist economy with the public sector
accounting for about 40% of GDP and with per capita GDP at least 75%
of the leading euro-zone economies. Tourism provides 15% of GDP.
Immigrants make up nearly one-fifth of the work force, mainly in
agricultural and unskilled jobs. Greece is a major beneficiary of EU
aid, equal to about 3.3% of annual GDP. The Greek economy grew by
nearly 4.0% per year between 2003 and 2007, due partly to
infrastructural spending related to the 2004 Athens Olympic Games,
and in part to an increased availability of credit, which has
sustained record levels of consumer spending. Greece violated the
EU's Growth and Stability Pact budget deficit criteria of no more
than 3% of GDP from 2001 to 2006, but finally met that criteria in
2007. Public debt, inflation, and unemployment are above the
euro-zone average, but are falling. The Greek Government continues
to grapple with cutting government spending, reducing the size of
the public sector, and reforming the labor and pension systems, in
the face of often vocal opposition from the country's powerful labor
unions and the general public. The economy remains an important
domestic political issue in Greece and, while the ruling New
Democracy government has had some success in improving economic
growth and reducing the budget deficit, Athens faces long-term
challenges in its effort to continue its economic reforms,
especially social security reform and privatization.
Greenland
The economy remains critically dependent on exports of
fish and a substantial subsidy from the Danish Government, which
supplies about half of government revenues. The public sector,
including publicly owned enterprises and the municipalities, plays
the dominant role in the economy. Several interesting hydrocarbon
and mineral exploration activities are ongoing. Press reports in
early 2007 indicated that two international aluminum companies were
considering building smelters in Greenland to take advantage of
local hydropower potential. Tourism is the only sector offering any
near-term potential, and even this is limited due to a short season
and high costs. Air Greenland began summer-season direct flights to
the US east coast in May 2007, potentially opening a major new
tourism market.
Grenada
Grenada relies on tourism as its main source of foreign
exchange, especially since the construction of an international
airport in 1985. Strong performances in construction and
manufacturing, together with the development of an offshore
financial industry, have also contributed to growth in national
output. Grenada has rebounded from the devastating effects of
Hurricanes Ivan (2004) and Emily (2005), but is now saddled with the
debt burden from the rebuilding process. The agricultural sector,
particularly nutmeg and cocoa cultivation, has gradually recovered,
and the tourism sector has seen substantial increases in foreign
direct investment as the regional share of the tourism market
increases.
Guam
The economy depends largely on US military spending and
tourism. Total US grants, wage payments, and procurement outlays
amounted to $1.3 billion in 2004. Over the past 30 years, the
tourist industry has grown to become the largest income source
following national defense. The Guam economy continues to experience
expansion in both its tourism and military sectors.
Guatemala
Guatemala is the most populous of the Central American
countries with a GDP per capita roughly one-half that of Argentina,
Brazil, and Chile. The agricultural sector accounts for about
one-tenth of GDP, two-fifths of exports, and half of the labor
force. Coffee, sugar, and bananas are the main products, with sugar
exports benefiting from increased global demand for ethanol. The
1996 signing of peace accords, which ended 36 years of civil war,
removed a major obstacle to foreign investment, and Guatemala since
then has pursued important reforms and macroeconomic stabilization.
On 1 July 2006, the Central American Free Trade Agreement (CAFTA)
entered into force between the US and Guatemala and has since
spurred increased investment in the export sector. The distribution
of income remains highly unequal with about 56% of the population
below the poverty line. Other ongoing challenges include increasing
government revenues, negotiating further assistance from
international donors, upgrading both government and private
financial operations, curtailing drug trafficking and rampant crime,
and narrowing the trade deficit. Given Guatemala's large expatriate
community in the United States, it is the top remittance recipient
in Central America, with inflows serving as a primary source of
foreign income equivalent to nearly two-thirds of exports.
Guernsey
Financial services - banking, fund management, insurance -
account for about 23% of employment and about 55% of total income in
this tiny, prosperous Channel Island economy. Tourism,
manufacturing, and horticulture, mainly tomatoes and cut flowers,
have been declining. Financial services, construction, retail, and
the public sector have been growing. Light tax and death duties make
Guernsey a popular tax haven. The evolving economic integration of
the EU nations is changing the environment under which Guernsey
operates.
Guinea
Guinea possesses major mineral, hydropower, and agricultural
resources, yet remains an underdeveloped nation. The country has
almost half of the world's bauxite reserves and is the
second-largest bauxite producer. The mining sector accounts for over
70% of exports. Long-run improvements in government fiscal
arrangements, literacy, and the legal framework are needed if the
country is to move out of poverty. Investor confidence has been
sapped by rampant corruption, a lack of electricity and other
infrastructure, a lack of skilled workers, and the political
uncertainty due to the failing health of President Lansana CONTE.
Guinea is trying to reengage with the IMF and World Bank, which cut
off most assistance in 2003, and is working closely with technical
advisors from the U.S. Treasury Department, the World Bank and IMF,
seeking to return to a fully funded program. Growth rose slightly in
2006-07, primarily due to increases in global demand and commodity
prices on world markets, but the standard of living fell. The Guinea
franc depreciated sharply as the prices for basic necessities like
food and fuel rose beyond the reach of most Guineans.
Dissatisfaction with economic conditions prompted nationwide strikes
in February and June 2006.
Guinea-Bissau
One of the five poorest countries in the world,
Guinea-Bissau depends mainly on farming and fishing. Cashew crops
have increased remarkably in recent years, and the country now ranks
sixth in cashew production. Guinea-Bissau exports fish and seafood
along with small amounts of peanuts, palm kernels, and timber. Rice
is the major crop and staple food. However, intermittent fighting
between Senegalese-backed government troops and a military junta
destroyed much of the country's infrastructure and caused widespread
damage to the economy in 1998; the civil war led to a 28% drop in
GDP that year, with partial recovery in 1999-2002. Before the war,
trade reform and price liberalization were the most successful part
of the country's structural adjustment program under IMF
sponsorship. The tightening of monetary policy and the development
of the private sector had also begun to reinvigorate the economy.
Because of high costs, the development of petroleum, phosphate, and
other mineral resources is not a near-term prospect. Offshore oil
prospecting is underway in several sectors but has not yet led to
commercially viable crude deposits. The inequality of income
distribution is one of the most extreme in the world. The government
and international donors continue to work out plans to forward
economic development from a lamentably low base. In December 2003,
the World Bank, IMF, and UNDP were forced to step in to provide
emergency budgetary support in the amount of $107 million for 2004,
representing over 80% of the total national budget. Government drift
and indecision, however, resulted in continued low growth in
2002-06. Higher raw material prices boosted growth to 3.7% in 2007.
Guyana
The Guyanese economy exhibited moderate economic growth in
2001-07, based on expansion in the agricultural and mining sectors,
a more favorable atmosphere for business initiatives, a more
realistic exchange rate, fairly low inflation, and the continued
support of international organizations. Economic recovery since the
2005 flood-related contraction has been buoyed by increases in
remittances and foreign direct investment. Chronic problems include
a shortage of skilled labor and a deficient infrastructure. The
government is juggling a sizable external debt against the urgent
need for expanded public investment. In March 2007, the
Inter-American Development Bank, Guyana's principal donor, canceled
Guyana's nearly $470 million debt, equivalent to nearly 48% of GDP.
The bauxite mining sector should benefit in the near term from
restructuring and partial privatization, and the state-owned sugar
industry will conduct efficiency increasing modernizations. Export
earnings from agriculture and mining have fallen sharply, while the
import bill has risen, driven by higher energy prices. Guyana's
entrance into the Caricom Single Market and Economy (CSME) in
January 2006 will broaden the country's export market, primarily in
the raw materials sector.
Haiti
Haiti is the poorest country in the Western Hemisphere, with
80% of the population living under the poverty line and 54% in
abject poverty. Two-thirds of all Haitians depend on the
agricultural sector, mainly small-scale subsistence farming, and
remain vulnerable to damage from frequent natural disasters,
exacerbated by the country's widespread deforestation. A
macroeconomic program developed in 2005 with the help of the
International Monetary Fund helped the economy grow 3.5% in 2007,
the highest growth rate since 1999. US economic engagement under the
Haitian Hemispheric Opportunity through Partnership Encouragement
(HOPE) Act, passed in December 2006, has boosted the garment and
automotive parts exports and investment by providing tariff-free
access to the US. Haiti suffers from high inflation, a lack of
investment because of insecurity and limited infrastructure, and a
severe trade deficit. In 2005, Haiti paid its arrears to the World
Bank, paving the way for reengagement with the Bank. The government
relies on formal international economic assistance for fiscal
sustainability. Remittances are the primary source of foreign
exchange, equaling nearly a quarter of GDP and more than twice the
earnings from exports.
Heard Island and McDonald Islands
The islands have no indigenous
economic activity, but the Australian Government allows limited
fishing in the surrounding waters.
Holy See (Vatican City)
This unique, noncommercial economy is
supported financially by an annual contribution (known as Peter's
Pence) from Roman Catholic dioceses throughout the world; by the
sale of postage stamps, coins, medals, and tourist mementos; by fees
for admission to museums; and by the sale of publications.
Investments and real estate income also account for a sizable
portion of revenue. The incomes and living standards of lay workers
are comparable to those of counterparts who work in the city of Rome.
Honduras
Honduras, the second poorest country in Central America and
one of the poorest countries in the Western Hemisphere, with an
extraordinarily unequal distribution of income and massive
unemployment, is banking on expanded trade under the US-Central
America Free Trade Agreement (CAFTA) and on debt relief under the
Heavily Indebted Poor Countries (HIPC) initiative. Despite
improvements in tax collections, the government's fiscal deficit is
growing due to increases in current expenditures and financial
losses from the state energy and telephone companies. Honduras is
the fastest growing remittance destination in the region with
inflows representing over a quarter of GDP, equivalent to nearly
three-quarters of exports. The economy relies heavily on a narrow
range of exports, notably bananas and coffee, making it vulnerable
to natural disasters and shifts in commodity prices, however,
investments in the maquila and non-traditional export sectors are
slowly diversifying the economy. Growth remains dependent on the
economy of the US, its largest trading partner, and on reduction of
the high crime rate, as a means of attracting and maintaining
investment.
Hong Kong
Hong Kong has a free market economy highly dependent on
international trade. In 2006, the total value of goods and services
trade, including the sizable share of reexports, was equivalent to
400% of GDP. The territory has become increasingly integrated with
mainland China over the past few years through trade, tourism, and
financial links. The mainland has long been Hong Kong's largest
trading partner, accounting for 46% of Hong Kong's total trade by
value in 2006. As a result of China's easing of travel restrictions,
the number of mainland tourists to the territory has surged from 4.5
million in 2001 to 13.6 million in 2006, when they outnumbered
visitors from all other countries combined. Hong Kong has also
established itself as the premier stock market for Chinese firms
seeking to list abroad. Bolstered by several successful initial
public offerings in early 2007, by September 2007 mainland companies
accounted for one-third of the firms listed on the Hong Kong Stock
Exchange, and more than half of the Exchange's market
capitalization. During the past decade, as Hong Kong's manufacturing
industry moved to the mainland, its service industry has grown
rapidly and now accounts for 91% of the territory's GDP. Hong Kong's
natural resources are limited, and food and raw materials must be
imported. GDP growth averaged a strong 5% from 1989 to 2007, despite
the economy suffering two recessions during the Asian financial
crisis in 1997-98 and the global downturn in 2001-02. Hong Kong
continues to link its currency closely to the US dollar, maintaining
an arrangement established in 1983.
Hungary
Hungary has made the transition from a centrally planned to
a market economy, with a per capita income nearly two-thirds that of
the EU-25 average. The private sector accounts for more than 80% of
GDP. Foreign ownership of and investment in Hungarian firms are
widespread, with cumulative foreign direct investment totaling more
than $60 billion since 1989. Hungary issues investment-grade
sovereign debt. International observers, however, have expressed
concerns over Hungary's fiscal and current account deficits. In
2007, Hungary eliminated a trade deficit that had persisted for
several years. Inflation declined from 14% in 1998 to a low of 3.7%
in 2006, but jumped to 7.8% in 2007. Unemployment has persisted
above 6%. Hungary's labor force participation rate of 57% is one of
the lowest in the Organization for Economic Cooperation and
Development (OECD). Germany is by far Hungary's largest economic
partner. Policy challenges include cutting the public sector deficit
to 4% of GDP by 2008, from about 6% in 2007. The government's
austerity program of tax hikes and subsidy cuts has reduced
Hungary's large budget deficit, but the reforms have dampened
domestic consumption, slowing GDP growth to about 2% in 2007. The
government will need to pass additional reforms to ensure the
long-term stability of public finances. The government plans to
eventually lower its public sector deficit to below 3% of GDP to
adopt the euro.
Iceland
Iceland's Scandinavian-type economy is basically
capitalistic, yet with an extensive welfare system (including
generous housing subsidies), low unemployment, and remarkably even
distribution of income. In the absence of other natural resources
(except for abundant geothermal power), the economy depends heavily
on the fishing industry, which provides 70% of export earnings and
employs 6% of the work force. The economy remains sensitive to
declining fish stocks as well as to fluctuations in world prices for
its main exports: fish and fish products, aluminum, and
ferrosilicon. Substantial foreign investment in the aluminum and
hydropower sectors has boosted economic growth which, nevertheless,
has been volatile and characterized by recurrent imbalances.
Government policies include reducing the current account deficit,
limiting foreign borrowing, containing inflation, revising
agricultural and fishing policies, and diversifying the economy. The
government remains opposed to EU membership, primarily because of
Icelanders' concern about losing control over their fishing
resources. Iceland's economy has been diversifying into
manufacturing and service industries in the last decade, and new
developments in software production, biotechnology, and financial
services are taking place. The tourism sector is also expanding,
with the recent trends in ecotourism and whale watching. The 2006
closure of the US military base at Keflavik had very little impact
on the national economy; Iceland's low unemployment rate aided
former base employees in finding alternate employment.
India
India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern
industries, and a multitude of services. Services are the major
source of economic growth, accounting for more than half of India's
output with less than one third of its labor force. About
three-fifths of the work force is in agriculture, leading the United
Progressive Alliance (UPA) government to articulate an economic
reform program that includes developing basic infrastructure to
improve the lives of the rural poor and boost economic performance.
The government has reduced controls on foreign trade and investment.
Higher limits on foreign direct investment were permitted in a few
key sectors, such as telecommunications. However, tariff spikes in
sensitive categories, including agriculture, and incremental
progress on economic reforms still hinder foreign access to India's
vast and growing market. Privatization of government-owned
industries remains stalled and continues to generate political
debate; populist pressure from within the UPA government and from
its Left Front allies continues to restrain needed initiatives. The
economy has posted an average growth rate of more than 7% in the
decade since 1997, reducing poverty by about 10 percentage points.
India achieved 8.5% GDP growth in 2006, and again in 2007,
significantly expanding production of manufactures. India is
capitalizing on its large numbers of well-educated people skilled in
the English language to become a major exporter of software services
and software workers. Economic expansion has helped New Delhi
continue to make progress in reducing its federal fiscal deficit.
However, strong growth combined with easy consumer credit and a real
estate boom fueled inflation concerns in 2006 and 2007, leading to a
series of central bank interest rate hikes that have slowed credit
growth and eased inflation concerns. The huge and growing population
is the fundamental social, economic, and environmental problem.
Indian Ocean
The Indian Ocean provides major sea routes connecting
the Middle East, Africa, and East Asia with Europe and the Americas.
It carries a particularly heavy traffic of petroleum and petroleum
products from the oilfields of the Persian Gulf and Indonesia. Its
fish are of great and growing importance to the bordering countries
for domestic consumption and export. Fishing fleets from Russia,
Japan, South Korea, and Taiwan also exploit the Indian Ocean, mainly
for shrimp and tuna. Large reserves of hydrocarbons are being tapped
in the offshore areas of Saudi Arabia, Iran, India, and western
Australia. An estimated 40% of the world's offshore oil production
comes from the Indian Ocean. Beach sands rich in heavy minerals and
offshore placer deposits are actively exploited by bordering
countries, particularly India, South Africa, Indonesia, Sri Lanka,
and Thailand.
Indonesia
Indonesia, a vast polyglot nation, has been undergoing
significant economic reforms under President YUDHOYONO. Indonesia's
debt-to-GDP ratio has been declining steadily, its foreign exchange
reserves are at an all-time high of over $50 billion, and its stock
market has been one of the three best performers in the world in
2006 and 2007, as global investors sought out higher returns in
emerging markets. The government has introduced significant reforms
in the financial sector, including tax and customs reforms, the
introduction of Treasury bills, and improved capital market
supervision. Indonesia's new investment law, passed in March 2007,
seeks to address some of the concerns of foreign and domestic
investors. Indonesia still struggles with poverty and unemployment,
inadequate infrastructure, corruption, a complex regulatory
environment, and unequal resource distribution among regions.
Indonesia has been slow to privatize over 100 state-owned
enterprises, several of which have monopolies in key sectors. The
non-bank financial sector, including pension funds and insurance,
remains weak. Capital markets are underdeveloped. The high global
price of oil in 2007 increased the cost of domestic fuel and
electricity subsidies, and are contributing to concerns about higher
food prices. Located on the Pacific "Ring of Fire" Indonesia remains
vulnerable to volcanic and tectonic disasters. Significant progress
has been made in rebuilding Aceh after the devastating December 2004
tsunami, and the province now shows more economic activity than
before the disaster. Unfortunately, Indonesia suffered new disasters
in 2006 and early 2007 including: a major earthquake near
Yogyakarta, an industrial accident in Sidoarjo, East Java that
created a "mud volcano," a tsunami in South Java, and major flooding
in Jakarta, all of which caused additional damages in the billions
of dollars. Donors are assisting Indonesia with its disaster
mitigation and early warning efforts.
Iran
Iran's economy is marked by an inefficient state sector,
reliance on the oil sector (which provides 85% of government
revenues), and statist policies that create major distortions
throughout. Most economic activity is controlled by the state.
Private sector activity is typically small-scale workshops, farming,
and services. President Mahmud AHMADI-NEJAD failed to make any
notable progress in fulfilling the goals of the nation's latest
five-year plan. A combination of price controls and subsidies,
particularly on food and energy, continue to weigh down the economy,
and administrative controls, widespread corruption, and other
rigidities undermine the potential for private-sector-led growth. As
a result of these inefficiencies, significant informal market
activity flourishes and shortages are common. High oil prices in
recent years have enabled Iran to amass nearly $70 billion in
foreign exchange reserves. Yet this increased revenue has not eased
economic hardships, which include double-digit unemployment and
inflation - inflation climbed to 26% as of June 2008. The economy
has seen only moderate growth. Iran's educated population, economic
inefficiency and insufficient investment - both foreign and domestic
- have prompted an increasing number of Iranians to seek employment
overseas, resulting in significant "brain drain."
Iraq
Iraq's economy is dominated by the oil sector, which has
traditionally provided about 95% of foreign exchange earnings.
Although looting, insurgent attacks, and sabotage have undermined
economy rebuilding efforts, economic activity is beginning to pick
up in areas recently secured by the US military surge. Oil exports
are around levels seen before Operation Iraqi Freedom, and total
government revenues have benefited from high oil prices. Despite
political uncertainty, Iraq is making some progress in building the
institutions needed to implement economic policy and has negotiated
a debt reduction agreement with the Paris Club and a new Stand-By
Arrangement with the IMF. Iraq has received pledges for $13.5
billion in foreign aid for 2004-07 from outside of the US, more than
$33 billion in total pledges. The International Compact with Iraq
was established in May 2007 to integrate Iraq into the regional and
global economy, and the Iraqi government is seeking to pass laws to
strengthen its economy. This legislation includes a hydrocarbon law
to establish a modern legal framework to allow Iraq to develop its
resources and a revenue sharing law to equitably divide oil revenues
within the nation, although both are still bogged down in
discussions. The Central Bank has been successful in controlling
inflation through appreciation of the dinar against the US dollar.
Reducing corruption and implementing structural reforms, such as
bank restructuring and developing the private sector, will be key to
Iraq's economic success.
Ireland
Ireland is a small, modern, trade-dependent economy with
growth averaging 6% in 1995-2007. Agriculture, once the most
important sector, is now dwarfed by industry and services. Although
the exports sector, dominated by foreign multinationals, remains a
key component of Ireland's economy, construction has most recently
fueled economic growth along with strong consumer spending and
business investment. Property prices have risen more rapidly in
Ireland in the decade up to 2006 than in any other developed world
economy. Per capita GDP is 40% above that of the four big European
economies and the second highest in the EU behind Luxembourg, and in
2007 surpassed that of the United States. The Irish Government has
implemented a series of national economic programs designed to curb
price and wage inflation, invest in infrastructure, increase labor
force skills, and promote foreign investment. A slowdown in the
property market, more intense global competition, and increased
costs, however, have compelled government economists to lower
Ireland's growth forecast slightly for 2008. Ireland joined in
circulating the euro on 1 January 2002 along with 11 other EU
nations.
Isle of Man
Offshore banking, manufacturing, and tourism are key
sectors of the economy. The government offers incentives to
high-technology companies and financial institutions to locate on
the island; this has paid off in expanding employment opportunities
in high-income industries. As a result, agriculture and fishing,
once the mainstays of the economy, have declined in their shares of
GDP. The Isle of Man also attracts online gambling sites and the
film industry. Trade is mostly with the UK. The Isle of Man enjoys
free access to EU markets.
Israel
Israel has a technologically advanced market economy with
substantial, though diminishing, government participation. It
depends on imports of crude oil, grains, raw materials, and military
equipment. Despite limited natural resources, Israel has intensively
developed its agricultural and industrial sectors over the past 20
years. Israel imports substantial quantities of grain but is largely
self-sufficient in other agricultural products. Cut diamonds,
high-technology equipment, and agricultural products (fruits and
vegetables) are the leading exports. Israel usually posts sizable
trade deficits, which are covered by large transfer payments from
abroad and by foreign loans. Roughly half of the government's
external debt is owed to the US, its major source of economic and
military aid. Israel's GDP, after contracting slightly in 2001 and
2002 due to the Palestinian conflict and troubles in the
high-technology sector, has grown by about 5% per year since 2003.
The economy grew an estimated 5.4% in 2007, the fastest pace since
2000. The government's prudent fiscal policy and structural reforms
over the past few years have helped to induce strong foreign
investment, tax revenues, and private consumption, setting the
economy on a solid growth path.
Italy
Italy has a diversified industrial economy with roughly the
same total and per capita output as France and the UK. This
capitalistic economy remains divided into a developed industrial
north, dominated by private companies, and a less-developed,
welfare-dependent, agricultural south, with 20% unemployment. Most
raw materials needed by industry and more than 75% of energy
requirements are imported. Over the past decade, Italy has pursued a
tight fiscal policy in order to meet the requirements of the
Economic and Monetary Unions and has benefited from lower interest
and inflation rates. The current government has enacted numerous
short-term reforms aimed at improving competitiveness and long-term
growth. Italy has moved slowly, however, on implementing needed
structural reforms, such as lightening the high tax burden and
overhauling Italy's rigid labor market and over-generous pension
system, because of the current economic slowdown and opposition from
labor unions. But the leadership faces a severe economic constraint:
Italy's official debt remains above 100% of GDP, and the government
has found it difficult to bring the budget deficit down to a level
that would allow a rapid decrease in that debt. The economy
continues to grow by less than the euro-zone average and growth is
expected to decelerate from 1.9% in 2006 and 2007 to under 1.5% in
2008 as the euro-zone and world economies slow.
Jamaica
The Jamaican economy is heavily dependent on services, which
now account for more than 60% of GDP. The country continues to
derive most of its foreign exchange from tourism, remittances, and
bauxite/alumina. Remittances account for nearly 20% of GDP and are
equivalent to tourism revenues. Jamaica's economy, already saddled
with a record of sluggish growth, will suffer an economic setback
from damages caused by Hurricane Dean in August 2007. The economy
faces serious long-term problems: high but declining interest rates,
increased foreign competition, exchange rate instability, a sizable
merchandise trade deficit, large-scale unemployment and
underemployment, and a debt-to-GDP ratio of 135%. Jamaica's onerous
debt burden - the fourth highest per capita - is the result of
government bailouts to ailing sectors of the economy, most notably
the financial sector in the mid-to-late 1990s. Inflation also has
declined, standing at about 7% at the end of 2007. High unemployment
exacerbates the serious crime problem, including gang violence that
is fueled by the drug trade. The GOLDING administration faces the
difficult prospect of having to achieve fiscal discipline in order
to maintain debt payments while simultaneously attacking a serious
and growing crime problem that is hampering economic growth.
Jan Mayen
Jan Mayen is a volcanic island with no exploitable natural
resources. Economic activity is limited to providing services for
employees of Norway's radio and meteorological stations on the
island.
Japan
Government-industry cooperation, a strong work ethic, mastery
of high technology, and a comparatively small defense allocation (1%
of GDP) helped Japan advance with extraordinary rapidity to the rank
of second most technologically powerful economy in the world after
the US and the third-largest economy in the world after the US and
China, measured on a purchasing power parity (PPP) basis. One
notable characteristic of the economy has been how manufacturers,
suppliers, and distributors have worked together in closely-knit
groups called keiretsu. A second basic feature has been the
guarantee of lifetime employment for a substantial portion of the
urban labor force. Both features have now eroded. Japan's industrial
sector is heavily dependent on imported raw materials and fuels. The
tiny agricultural sector is highly subsidized and protected, with
crop yields among the highest in the world. Usually self sufficient
in rice, Japan must import about 55% of its food on a caloric basis.
Japan maintains one of the world's largest fishing fleets and
accounts for nearly 15% of the global catch. For three decades,
overall real economic growth had been spectacular - a 10% average in
the 1960s, a 5% average in the 1970s, and a 4% average in the 1980s.
Growth slowed markedly in the 1990s, averaging just 1.7%, largely
because of the after effects of overinvestment and an asset price
bubble during the late 1980s that required a protracted period of
time for firms to reduce excess debt, capital, and labor. From 2000
to 2001, government efforts to revive economic growth proved short
lived and were hampered by the slowing of the US, European, and
Asian economies. In 2002-07, growth improved and the lingering fears
of deflation in prices and economic activity lessened, leading the
central bank to raise interest rates to 0.25% in July 2006, up from
the near 0% rate of the six years prior, and to 0.50% in February
2007. In addition, the 10-year privatization of Japan Post, which
has functioned not only as the national postal delivery system but
also, through its banking and insurance facilities as Japan's
largest financial institution, was completed in October 2007,
marking a major milestone in the process of structural reform.
Nevertheless, Japan's huge government debt, which totals 182% of
GDP, and the aging of the population are two major long-run
problems. Some fear that a rise in taxes could endanger the current
economic recovery. Debate also continues on the role of and effects
of reform in restructuring the economy, particularly with respect to
increasing income disparities.
Jersey
Jersey's economy is based on international financial
services, agriculture, and tourism. In 2005 the finance sector
accounted for about 50% of the island's output. Potatoes,
cauliflower, tomatoes, and especially flowers are important export
crops, shipped mostly to the UK. The Jersey breed of dairy cattle is
known worldwide and represents an important export income earner.
Milk products go to the UK and other EU countries. Tourism accounts
for one-quarter of GDP. In recent years, the government has
encouraged light industry to locate in Jersey, with the result that
an electronics industry has developed alongside the traditional
manufacturing of knitwear. All raw material and energy requirements
are imported, as well as a large share of Jersey's food needs. Light
taxes and death duties make the island a popular tax haven. Living
standards come close to those of the UK.
Jordan
Jordan is a small Arab country with insufficient supplies of
water, oil, and other natural resources. Poverty, unemployment, and
inflation are fundamental problems, but King ABDALLAH II, since
assuming the throne in 1999, has undertaken some broad economic
reforms in a long-term effort to improve living standards. Since
Jordan's graduation from its most recent IMF program in 2002, Amman
has continued to follow IMF guidelines, practicing careful monetary
policy, making substantial headway with privatization, and opening
the trade regime. Jordan's exports have significantly increased
under the free trade accord with the US and Jordanian Qualifying
Industrial Zones (QIZ), which allow Jordan to export goods duty free
to the US. In 2006, Jordan reduced its debt-to-GDP ratio
significantly. These measures have helped improve productivity and
have made Jordan more attractive for foreign investment. Before the
US-led war in Iraq, Jordan imported most of its oil from Iraq. Since
2003, however, Jordan has been more dependent on oil from other Gulf
nations. The government ended subsidies for petroleum and other
consumer goods in 2008 in an effort to control the budget. The main
challenges facing Jordan are reducing dependence on foreign grants,
reducing the budget deficit, attracting investments, and creating
jobs.
Kazakhstan
Kazakhstan, the largest of the former Soviet republics in
territory, excluding Russia, possesses enormous fossil fuel reserves
and plentiful supplies of other minerals and metals. It also has a
large agricultural sector featuring livestock and grain.
Kazakhstan's industrial sector rests on the extraction and
processing of these natural resources. The breakup of the USSR in
December 1991 and the collapse in demand for Kazakhstan's
traditional heavy industry products resulted in a short-term
contraction of the economy, with the steepest annual decline
occurring in 1994. In 1995-97, the pace of the government program of
economic reform and privatization quickened, resulting in a
substantial shifting of assets into the private sector. Kazakhstan
enjoyed double-digit growth in 2000-01 - 8% or more per year in
2002-07 - thanks largely to its booming energy sector, but also to
economic reform, good harvests, and foreign investment. Inflation,
however, jumped to more than 10% in 2007. In the energy sector, the
opening of the Caspian Consortium pipeline in 2001, from western
Kazakhstan's Tengiz oilfield to the Black Sea, substantially raised
export capacity. In 2006 Kazakhstan completed the Atasu-Alashankou
portion of an oil pipeline to China that is planned in future
construction to extend from the country's Caspian coast eastward to
the Chinese border. The country has embarked upon an industrial
policy designed to diversify the economy away from overdependence on
the oil sector by developing its manufacturing potential. The policy
aims to reduce the influence of foreign investment and foreign
personnel. The government has engaged in several disputes with
foreign oil companies over the terms of production agreements;
tensions continue. Upward pressure on the local currency continued
in 2007 due to massive oil-related foreign-exchange inflows. Aided
by strong growth and foreign exchange earnings, Kazakhstan aspires
to become a regional financial center and has created a banking
system comparable to those in Central Europe.
Kenya
The regional hub for trade and finance in East Africa, Kenya
has been hampered by corruption and by reliance upon several primary
goods whose prices have remained low. In 1997, the IMF suspended
Kenya's Enhanced Structural Adjustment Program due to the
government's failure to maintain reforms and curb corruption. A
severe drought from 1999 to 2000 compounded Kenya's problems,
causing water and energy rationing and reducing agricultural output.
As a result, GDP contracted by 0.2% in 2000. The IMF, which had
resumed loans in 2000 to help Kenya through the drought, again
halted lending in 2001 when the government failed to institute
several anticorruption measures. Despite the return of strong rains
in 2001, weak commodity prices, endemic corruption, and low
investment limited Kenya's economic growth to 1.2%. Growth lagged at
1.1% in 2002 because of erratic rains, low investor confidence,
meager donor support, and political infighting up to the elections.
In the key December 2002 elections, Daniel Arap MOI's 24-year-old
reign ended, and a new opposition government took on the formidable
economic problems facing the nation. After some early progress in
rooting out corruption and encouraging donor support, the KIBAKI
government was rocked by high-level graft scandals in 2005 and 2006.
In 2006 the World Bank and IMF delayed loans pending action by the
government on corruption. The international financial institutions
and donors have since resumed lending, despite little action on the
government's part to deal with corruption. The scandals have not
weighed down growth, with estimated real GDP growth at more than 6
percent in 2007.
Kiribati
A remote country of 33 scattered coral atolls, Kiribati has
few natural resources. Commercially viable phosphate deposits were
exhausted at the time of independence from the UK in 1979. Copra and
fish now represent the bulk of production and exports. The economy
has fluctuated widely in recent years. Economic development is
constrained by a shortage of skilled workers, weak infrastructure,
and remoteness from international markets. Tourism provides more
than one-fifth of GDP. Private sector initiatives and a financial
sector are in the early stages of development. Foreign financial aid
from UK, Japan, Australia, New Zealand, and China equals more than
10% of GDP. Remittances from seamen on merchant ships abroad account
for more than $5 million each year. Kiribati receives around $15
million annually for the government budget from an Australian trust
fund.
Korea, North
North Korea, one of the world's most centrally directed
and least open economies, faces chronic economic problems.
Industrial capital stock is nearly beyond repair as a result of
years of underinvestment and shortages of spare parts. Industrial
and power output have declined in parallel from pre-1990 levels. Due
in part to severe summer flooding followed by dry weather conditions
in the fall of 2006, the nation suffered its 13th year of food
shortages because of on-going systemic problems including a lack of
arable land, collective farming practices, and persistent shortages
of tractors and fuel. During the summer of 2007, severe flooding
again occurred. Large-scale international food aid deliveries have
allowed the people of North Korea to escape widespread starvation
since famine threatened in 1995, but the population continues to
suffer from prolonged malnutrition and poor living conditions.
Large-scale military spending draws off resources needed for
investment and civilian consumption. Since 2002, the government has
formalized an arrangement whereby private "farmers' markets" were
allowed to begin selling a wider range of goods. It also permitted
some private farming on an experimental basis in an effort to boost
agricultural output. In October 2005, the government tried to
reverse some of these policies by forbidding private sales of grains
and reinstituting a centralized food rationing system. By December
2005, the government terminated most international humanitarian
assistance operations in North Korea (calling instead for
developmental assistance only) and restricted the activities of
remaining international and non-governmental aid organizations such
as the World Food Program. External food aid now comes primarily
from China and South Korea in the form of grants and long-term
concessional loans. During the October 2007 summit, South Korea also
agreed to develop some of North Korea's infrastructure and natural
resources and light industry. Firm political control remains the
Communist government's overriding concern, which will likely inhibit
the loosening of economic regulations.