Pitcairn Islands The inhabitants of this tiny isolated economy exist on fishing, subsistence farming, handicrafts, and postage stamps. The fertile soil of the valleys produces a wide variety of fruits and vegetables, including citrus, sugarcane, watermelons, bananas, yams, and beans. Bartering is an important part of the economy. The major sources of revenue are the sale of postage stamps to collectors and the sale of handicrafts to passing ships. In October 2004, more than one-quarter of Pitcairn's labor force was arrested, putting the economy in a bind, since their services were required as lighter crew to load or unload passing ships.

Poland Poland has steadfastly pursued a policy of economic liberalization throughout the 1990s and today stands out as a success story among transition economies. Even so, much remains to be done, especially in bringing down unemployment. The privatization of small and medium-sized state-owned companies and a liberal law on establishing new firms has encouraged the development of the private business sector, but legal and bureaucratic obstacles alongside persistent corruption are hampering its further development. Poland's agricultural sector remains handicapped by surplus labor, inefficient small farms, and lack of investment. Restructuring and privatization of "sensitive sectors" (e.g., coal, steel, railroads, and energy), while recently initiated, have stalled. Reforms in health care, education, the pension system, and state administration have resulted in larger-than-expected fiscal pressures. Further progress in public finance depends mainly on reducing losses in Polish state enterprises, restraining entitlements, and overhauling the tax code to incorporate the growing gray economy and farmers, most of whom pay no tax. The government has introduced a package of social and administrative spending cuts to reduce public spending by about $17 billion through 2007. Additional reductions are under discussion in the legislature but could be trumped by election-year politics in 2005. Poland joined the EU in May 2004, and surging exports to the EU contributed to Poland's strong growth in 2004, though its competitiveness could be threatened by the zloty's appreciation. GDP per capita roughly equals that of the three Baltic states. Poland stands to benefit from nearly $13.5 billion in EU funds, available through 2006. Farmers have already begun to reap the rewards of membership via higher food prices and EU agricultural subsidies.

Portugal Portugal has become a diversified and increasingly service-based economy since joining the European Community in 1986. Over the past decade, successive governments have privatized many state-controlled firms and liberalized key areas of the economy, including the financial and telecommunications sectors. The country qualified for the European Monetary Union (EMU) in 1998 and began circulating the euro on 1 January 2002 along with 11 other EU member economies. Economic growth had been above the EU average for much of the past decade, but fell back in 2001-04. GDP per capita stands at two-thirds that of the Big Four EU economies. A poor educational system, in particular, has been an obstacle to greater productivity and growth. Portugal has been increasingly overshadowed by lower-cost producers in Central Europe and Asia as a target for foreign direct investment. The government faces tough choices in its attempts to boost Portugal's economic competitiveness while keeping the budget deficit within the eurozone's 3%-of-GDP ceiling.

Puerto Rico Puerto Rico has one of the most dynamic economies in the Caribbean region. A diverse industrial sector has far surpassed agriculture as the primary locus of economic activity and income. Encouraged by duty-free access to the US and by tax incentives, US firms have invested heavily in Puerto Rico since the 1950s. US minimum wage laws apply. Sugar production has lost out to dairy production and other livestock products as the main source of income in the agricultural sector. Tourism has traditionally been an important source of income, with estimated arrivals of nearly 5 million tourists in 1999. Growth fell off in 2001-03, largely due to the slowdown in the US economy, and has recovered in 2004.

Qatar Oil and gas account for more than 55% of GDP, roughly 85% of export earnings, and 70% of government revenues. Oil and gas have given Qatar a per capita GDP about 80% of that of the leading West European industrial countries. Proved oil reserves of 16 billion barrels should ensure continued output at current levels for 23 years. Qatar's proved reserves of natural gas exceed 14 trillion cubic meters, more than 5% of the world total and third largest in the world. Long-term goals feature the development of offshore natural gas reserves to offset the ultimate decline in oil production. In recent years, Qatar has consistently posted trade surpluses largely because of high oil prices and increased natural gas exports, becoming one of the world's fastest growing and highest per-capita income countries.

Reunion The economy has traditionally been based on agriculture, but services now dominate. Sugarcane has been the primary crop for more than a century, and in some years it accounts for 85% of exports. The government has been pushing the development of a tourist industry to relieve high unemployment, which amounts to one-third of the labor force. The gap in Reunion between the well-off and the poor is extraordinary and accounts for the persistent social tensions. The white and Indian communities are substantially better off than other segments of the population, often approaching European standards, whereas minority groups suffer the poverty and unemployment typical of the poorer nations of the African continent. The outbreak of severe rioting in February 1991 illustrates the seriousness of socioeconomic tensions. The economic well-being of Reunion depends heavily on continued financial assistance from France.

Romania Romania began the transition from Communism in 1989 with a largely obsolete industrial base and a pattern of output unsuited to the country's needs. The country emerged in 2000 from a punishing three-year recession thanks to strong demand in EU export markets. Despite the global slowdown in 2001-02, strong domestic activity in construction, agriculture, and consumption have kept growth above 4%. An IMF standby agreement, signed in 2001, has been accompanied by slow but palpable gains in privatization, deficit reduction, and the curbing of inflation. The IMF Board approved Romania's completion of the standby agreement in October 2003, the first time Romania has successfully concluded an IMF agreement since the 1989 revolution. In July 2004, the executive board of the IMF approved a 24-month standby agreement for $367 million. The Romanian authorities do not intend to draw on this agreement, however, viewing it simply as a precaution. Meanwhile, recent macroeconomic gains have done little to address Romania's widespread poverty, while corruption and red tape continue to handicap the business environment.

Russia Russia ended 2004 with its sixth straight year of growth, averaging 6.5% annually since the financial crisis of 1998. Although high oil prices and a relatively cheap ruble are important drivers of this economic rebound, since 2000 investment and consumer-driven demand have played a noticeably increasing role. Real fixed capital investments have averaged gains greater than 10% over the last five years, and real personal incomes have realized average increases over 12%. Russia has also improved its international financial position since the 1998 financial crisis, with its foreign debt declining from 90% of GDP to around 28%. Strong oil export earnings have allowed Russia to increase its foreign reserves from only $12 billion to some $120 billion at yearend 2004. These achievements, along with a renewed government effort to advance structural reforms, have raised business and investor confidence in Russia's economic prospects. Nevertheless, serious problems persist. Economic growth slowed down in the second half of 2004 and the Russian government forecasts growth of only 4.5% to 6.2% for 2005. Oil, natural gas, metals, and timber account for more than 80% of exports, leaving the country vulnerable to swings in world prices. Russia's manufacturing base is dilapidated and must be replaced or modernized if the country is to achieve broad-based economic growth. Other problems include a weak banking system, a poor business climate that discourages both domestic and foreign investors, corruption, and widespread lack of trust in institutions. In addition, a string of investigations launched against a major Russian oil company, culminating with the arrest of its CEO in the fall of 2003, have raised concerns by some observers that President PUTIN is granting more influence to forces within his government that desire to reassert state control over the economy.

Rwanda Rwanda is a poor rural country with about 90% of the population engaged in (mainly subsistence) agriculture. It is the most densely populated country in Africa; landlocked with few natural resources and minimal industry. Primary foreign exchange earners are coffee and tea. The 1994 genocide decimated Rwanda's fragile economic base, severely impoverished the population, particularly women, and eroded the country's ability to attract private and external investment. However, Rwanda has made substantial progress in stabilizing and rehabilitating its economy to pre-1994 levels, although poverty levels are higher now. GDP has rebounded and inflation has been curbed. Export earnings, however, have been hindered by low beverage prices, depriving the country of much needed hard currency. Despite Rwanda's fertile ecosystem, food production often does not keep pace with population growth, requiring food imports. Rwanda continues to receive substantial aid money and was approved for IMF-World Bank Heavily Indebted Poor Country (HIPC) initiative debt relief in late 2000. Kigali's high defense expenditures have caused tension between the government and international donors and lending agencies. An energy shortage and instability in neighboring states may slow growth in 2005, while the lack of adequate transportation linkages to other countries continues to handicap export growth.

Saint Helena The economy depends largely on financial assistance from the UK, which amounted to about $5 million in 1997 or almost one-half of annual budgetary revenues. The local population earns income from fishing, raising livestock, and sales of handicrafts. Because there are few jobs, 25% of the work force has left to seek employment on Ascension Island, on the Falklands, and in the UK.

Saint Kitts and Nevis Sugar was the traditional mainstay of the Saint Kitts economy until the 1970s. Although the crop still dominates the agricultural sector, activities such as tourism, export-oriented manufacturing, and offshore banking have assumed larger roles in the economy. Tourism revenues are now the chief source of the islands' foreign exchange. The opening of a 470-room resort in February 2003 was expected to bring in much-needed revenue.

Saint Lucia Changes in the EU import preference regime and the increased competition from Latin American bananas have made economic diversification increasingly important in Saint Lucia. The island nation has been able to attract foreign business and investment, especially in its offshore banking and tourism industries. The manufacturing sector is the most diverse in the Eastern Caribbean area, and the government is trying to revitalize the banana industry. Economic fundamentals remain solid, even though unemployment needs to be cut.

Saint Pierre and Miquelon The inhabitants have traditionally earned their livelihood by fishing and by servicing fishing fleets operating off the coast of Newfoundland. The economy has been declining, however, because of disputes with Canada over fishing quotas and a steady decline in the number of ships stopping at Saint Pierre. In 1992, an arbitration panel awarded the islands an exclusive economic zone of 12,348 sq km to settle a longstanding territorial dispute with Canada, although it represents only 25% of what France had sought. The islands are heavily subsidized by France to the great betterment of living standards. The government hopes an expansion of tourism will boost economic prospects. Recent test drilling for oil may pave the way for development of the energy sector.

Saint Vincent and the Grenadines Economic growth in this lower-middle-income country hinges upon seasonal variations in the agricultural and tourism sectors. Tropical storms wiped out substantial portions of crops in 1994, 1995, and 2002, and tourism in the Eastern Caribbean has suffered low arrivals following 11 September 2001. Saint Vincent is home to a small offshore banking sector and has moved to adopt international regulatory standards. Saint Vincent is also a large producer of marijuana and is being used as a transshipment point for illegal narcotics from South America.

Samoa The economy of Samoa has traditionally been dependent on development aid, family remittances from overseas, agriculture, and fishing. The country is vulnerable to devastating storms. Agriculture employs two-thirds of the labor force, and furnishes 90% of exports, featuring coconut cream, coconut oil, and copra. The manufacturing sector mainly processes agricultural products. The decline of fish stocks in the area is a continuing problem. Tourism is an expanding sector, accounting for 25% of GDP; about 88,000 tourists visited the islands in 2001. One factory in the Foreign Trade Zone employs 3,000 people to make automobile electrical harnesses for an assembly plant in Australia. The Samoan Government has called for deregulation of the financial sector, encouragement of investment, and continued fiscal discipline, meantime protecting the environment. Observers point to the flexibility of the labor market as a basic strength for future economic advances. Foreign reserves are in a relatively healthy state, the external debt is stable, and inflation is low.

San Marino The tourist sector contributes over 50% of GDP. In 2000 more than 3 million tourists visited San Marino. The key industries are banking, wearing apparel, electronics, and ceramics. Main agricultural products are wine and cheeses. The per capita level of output and standard of living are comparable to those of the most prosperous regions of Italy, which supplies much of its food.

Sao Tome and Principe This small poor island economy has become increasingly dependent on cocoa since independence in 1975. Cocoa production has substantially declined in recent years because of drought and mismanagement, but strengthening prices helped boost export earnings in 2003. Sao Tome has to import all fuels, most manufactured goods, consumer goods, and a substantial amount of food. Over the years, it has had difficulty servicing its external debt and has relied heavily on concessional aid and debt rescheduling. Sao Tome benefited from $200 million in debt relief in December 2000 under the Highly Indebted Poor Countries (HIPC) program, but lacking a formal poverty reduction program with the IMF, it has not benefited from subsequent HIPC debt reductions. Sao Tome's external debt stands at over $300 million. Considerable potential exists for development of a tourist industry, and the government has taken steps to expand facilities in recent years. The government also has attempted to reduce price controls and subsidies. Sao Tome is optimistic about the development of petroleum resources in its territorial waters in the oil-rich Gulf of Guinea. The first production license was sold to a consortium led by US-based oil firms. Much of the 2005 budget is dependent upon the sale of additional production licenses.

Saudi Arabia This is an oil-based economy with strong government controls over major economic activities. Saudi Arabia possesses 25% of the world's proven petroleum reserves, ranks as the largest exporter of petroleum, and plays a leading role in OPEC. The petroleum sector accounts for roughly 75% of budget revenues, 45% of GDP, and 90% of export earnings. About 40% of GDP comes from the private sector. Roughly five and a half million foreign workers play an important role in the Saudi economy, for example, in the oil and service sectors. The government in 1999 announced plans to begin privatizing the electricity companies, which follows the ongoing privatization of the telecommunications company. The government is encouraging private sector growth to lessen the kingdom's dependence on oil and increase employment opportunities for the swelling Saudi population. Priorities for government spending in the short term include additional funds for education and for the water and sewage systems. Economic reforms proceed cautiously because of deep-rooted political and social conservatism.

Senegal In January 1994, Senegal undertook a bold and ambitious economic reform program with the support of the international donor community. This reform began with a 50% devaluation of Senegal's currency, the CFA franc, which was linked at a fixed rate to the French franc. Government price controls and subsidies have been steadily dismantled. After seeing its economy contract by 2.1% in 1993, Senegal made an important turnaround, thanks to the reform program, with real growth in GDP averaging 5% annually during 1995-2003. Annual inflation had been pushed down to the low single digits. As a member of the West African Economic and Monetary Union (WAEMU), Senegal is working toward greater regional integration with a unified external tariff and a more stable monetary policy. Senegal still relies heavily upon outside donor assistance, however. Under the IMF's Highly Indebted Poor Countries debt relief program, Senegal will benefit from eradication of two-thirds of its bilateral, multilateral, and private sector debt.

Serbia and Montenegro MILOSEVIC-era mismanagement of the economy, an extended period of economic sanctions, and the damage to Yugoslavia's infrastructure and industry during the NATO airstrikes in 1999 left the economy only half the size it was in 1990. After the ousting of former Federal Yugoslav President MILOSEVIC in October 2000, the Democratic Opposition of Serbia (DOS) coalition government implemented stabilization measures and embarked on an aggressive market reform program. After renewing its membership in the IMF in December 2000, a down-sized Yugoslavia continued to reintegrate into the international community by rejoining the World Bank (IBRD) and the European Bank for Reconstruction and Development (EBRD). A World Bank-European Commission sponsored Donors' Conference held in June 2001 raised $1.3 billion for economic restructuring. An agreement rescheduling the country's $4.5 billion Paris Club government debts was concluded in November 2001 - it wrote off 66% of the debt - and the London Club of private creditors forgave $1.7 billion of debt, just over half the total owed, in July 2004. The smaller republic of Montenegro severed its economy from federal control and from Serbia during the MILOSEVIC era and continues to maintain its own central bank, uses the euro instead of the Yugoslav dinar as official currency, collects customs tariffs, and manages its own budget. Kosovo's economy continues to transition to a market-based system, and is largely dependent on the international community and the diaspora for financial and technical assistance. The euro and the Yugoslav dinar are both accepted currencies in Kosovo. While maintaining ultimate oversight, UNMIK continues to work with the European Union and Kosovo's local provisional government to accelerate economic growth, lower unemployment, and attract foreign investment to help Kosovo integrate into regional economic structures. The complexity of Serbia and Montenegro political relationships, slow progress in privatization, legal uncertainty over property rights, scarcity of foreign-investment and a substantial foreign trade deficit are holding back the economy. Arrangements with the IMF, especially requirements for fiscal discipline, are an important element in policy formation. Severe unemployment remains a key political economic problem for this entire region.

Seychelles Since independence in 1976, per capita output in this Indian Ocean archipelago has expanded to roughly seven times the old near-subsistence level. Growth has been led by the tourist sector, which employs about 30% of the labor force and provides more than 70% of hard currency earnings, and by tuna fishing. In recent years the government has encouraged foreign investment in order to upgrade hotels and other services. At the same time, the government has moved to reduce the dependence on tourism by promoting the development of farming, fishing, and small-scale manufacturing. A sharp drop illustrated the vulnerability of the tourist sector in 1991-92 due largely to the Gulf war, and once again following the 11 September 2001 terrorist attacks on the US. Growth slowed in 1998-2002, and fell in 2003, due to sluggish tourist and tuna sectors, but resumed in 2004, erasing a persistent budget deficit. Tight controls on exchange rates and the scarcity of foreign exchange have impaired short-term economic prospects. The black market value of the Seychelles rupee is half the official exchange rate; without a devaluation of the currency the tourist sector may remain sluggish as vacationers seek cheaper destinations such as Comoros, Mauritius, and Madagascar.

Sierra Leone Sierra Leone is an extremely poor African nation with tremendous inequality in income distribution. While it possesses substantial mineral, agricultural, and fishery resources, its economic and social infrastructure is not well developed, and serious social disorders continue to hamper economic development. About two-thirds of the working-age population engages in subsistence agriculture. Manufacturing consists mainly of the processing of raw materials and of light manufacturing for the domestic market. Plans to reopen bauxite and rutile mines shut down during an 11 year civil war have not been implemented due to lack of foreign investment. Alluvial diamond mining remains the major source of hard currency earnings. The fate of the economy depends upon the maintenance of domestic peace and the continued receipt of substantial aid from abroad, which is essential to offset the severe trade imbalance and supplement government revenues. International financial institutions contributed over $600 million in development aid and budgetary support in 2003.

Singapore Singapore, a highly developed and successful free market economy, enjoys a remarkably open and corruption-free environment, stable prices, and a per capita GDP equal to that of the Big 4 West European countries. The economy depends heavily on exports, particularly in electronics and manufacturing. It was hard hit in 2001-03 by the global recession, by the slump in the technology sector, and by an outbreak of Severe Acute Respiratory Syndrome in 2003, which curbed tourism and consumer spending. The government hopes to establish a new growth path that will be less vulnerable to the external business cycle and will continue efforts to establish Singapore as Southeast Asia's financial and high-tech hub. Fiscal stimulus, low interest rates, a surge in exports, and internal flexibility led to vigorous growth in 2004, with real GDP rising by 8 percent, by far the economy's best performance since 2000.

Slovakia Slovakia has mastered much of the difficult transition from a centrally planned economy to a modern market economy. The DZURINDA government made excellent progress during 2001-04 in macroeconomic stabilization and structural reform. Major privatizations are nearly complete, the banking sector is almost completely in foreign hands, and the government has helped facilitate a foreign investment boom with business-friendly policies, such as labor market liberalization and a 19% flat tax. Slovakia's economic growth exceeded expectations in 2001-04, despite the general European slowdown. Unemployment, at an unacceptable 15% in 2003-04, remains the economy's Achilles heel. Slovakia joined the EU on 1 May 2004.

Slovenia Slovenia, with its historical ties to Western Europe, enjoys a GDP per capita substantially higher than that of the other transitioning economies of Central Europe. In March 2004, Slovenia became the first transition country to graduate from borrower status to donor partner at the World Bank. Privatization of the economy proceeded at an accelerated pace in 2002-04. Despite lackluster performance in Europe in 2001-04, Slovenia maintained moderate growth. Structural reforms to improve the business environment have allowed for greater foreign participation in Slovenia's economy and have helped to lower unemployment. Further measures to curb inflation are still needed. Corruption and the high degree of coordination between government, business, and central bank policy were issues of concern in the run-up to Slovenia's 1 May 2004 accession to the European Union. In mid-2004 Slovenia agreed to adopt the euro by 2007 and, therefore, must keep its debt levels, budget deficits, interest rates, and inflation levels within the EU's Maastrict criteria.

Solomon Islands The bulk of the population depends on agriculture, fishing, and forestry for at least part of their livelihood. Most manufactured goods and petroleum products must be imported. The islands are rich in undeveloped mineral resources such as lead, zinc, nickel, and gold. Prior to the arrival of the Regional Assistance Mission to the Solomon Islands (RAMSI), severe ethnic violence, the closing of key businesses, and an empty government treasury culminated in economic collapse. RAMSI has enabled a return to law and order, a new period of economic stability, and modest growth as the economy rebuilds.

Somalia Somalia's economic fortunes are driven by its deep political divisions. The northwestern area has declared its independence as the "Republic of Somaliland"; the northeastern region of Puntland is a semi-autonomous state; and the remaining southern portion is riddled with the struggles of rival factions. Economic life continues, in part because much activity is local and relatively easily protected. Agriculture is the most important sector, with livestock normally accounting for about 40% of GDP and about 65% of export earnings, but Saudi Arabia's recent ban on Somali livestock, because of Rift Valley Fever concerns, has severely hampered the sector. Nomads and semi-nomads, who are dependent upon livestock for their livelihood, make up a large portion of the population. Livestock, hides, fish, charcoal, and bananas are Somalia's principal exports, while sugar, sorghum, corn, qat, and machined goods are the principal imports. Somalia's small industrial sector, based on the processing of agricultural products, has largely been looted and sold as scrap metal. Despite the seeming anarchy, Somalia's service sector has managed to survive and grow. Telecommunication firms provide wireless services in most major cities and offer the lowest international call rates on the continent. In the absence of a formal banking sector, money exchange services have sprouted throughout the country, handling between $500 million and $1 billion in remittances annually. Mogadishu's main market offers a variety of goods from food to the newest electronic gadgets. Hotels continue to operate, and militias provide security. The ongoing civil disturbances and clan rivalries, however, have interfered with any broad-based economic development and international aid arrangements. In 2004 Somalia's overdue financial obligations to the IMF continued to grow. Statistics on Somalia's GDP, growth, per capita income, and inflation should be viewed skeptically. In late December 2004, a major tsunami took an estimated 150 lives and caused destruction of properity in coastal areas.

South Africa South Africa is a middle-income, emerging market with an abundant supply of natural resources; well-developed financial, legal, communications, energy, and transport sectors; a stock exchange that ranks among the 10 largest in the world; and a modern infrastructure supporting an efficient distribution of goods to major urban centers throughout the region. However, growth has not been strong enough to lower South Africa's high unemployment rate; and daunting economic problems remain from the apartheid era, especially poverty and lack of economic empowerment among the disadvantaged groups. South African economic policy is fiscally conservative, but pragmatic, focusing on targeting inflation and liberalizing trade as means to increase job growth and household income.

South Georgia and the South Sandwich Islands Some fishing takes place in adjacent waters. There is a potential source of income from harvesting finfish and krill. The islands receive income from postage stamps produced in the UK, sale of fishing licenses, and harbor and landing fees from tourist vessels. Tourism from specialized cruise ships is increasing rapidly.

Southern Ocean Fisheries in 2000-01 (1 July to 30 June) landed 112,934 metric tons, of which 87% was krill and 11% Patagonian toothfish. International agreements were adopted in late 1999 to reduce illegal, unreported, and unregulated fishing, which in the 2000-01 season landed, by one estimate, 8,376 metric tons of Patagonian and antarctic toothfish. In the 2000-01 antarctic summer 12,248 tourists, most of them seaborne, visited the Southern Ocean and Antarctica, compared to 14,762 the previous year.

Spain The Spanish economy boomed from 1986 to 1990, averaging five percent annual growth. After a European-wide recession in the early 1990s, the Spanish economy resumed moderate growth starting in 1994. Spain's mixed capitalist economy supports a GDP that on a per capita basis is 80% that of the four leading West European economies. The center-right government of former President AZNAR successfully worked to gain admission to the first group of countries launching the European single currency (the euro) on 1 January 1999. The AZNAR administration continued to advocate liberalization, privatization, and deregulation of the economy and introduced some tax reforms to that end. Unemployment fell steadily under the AZNAR administration but remains high at 10.4%. Growth of 2.5% in 2003 and 2.6% in 2004 was satisfactory given the background of a faltering European economy. The socialist president, RODRIGUEZ ZAPATERO, has initiated economic and social reforms that are generally popular among the masses of people but that are anathema to religious and other conservative elements. Adjusting to the monetary and other economic policies of an integrated Europe, reducing unemployment, and absorbing widespread social changes will pose challenges to Spain over the next few years.

Spratly Islands Economic activity is limited to commercial fishing. The proximity to nearby oil- and gas-producing sedimentary basins suggests the potential for oil and gas deposits, but the region is largely unexplored; there are no reliable estimates of potential reserves; commercial exploitation has yet to be developed.

Sri Lanka In 1977, Colombo abandoned statist economic policies and its import substitution trade policy for market-oriented policies and export-oriented trade. Sri Lanka's most dynamic sectors now are food processing, textiles and apparel, food and beverages, telecommunications, and insurance and banking. In 2003, plantation crops made up only 15% of exports (compared with 93% in 1970), while textiles and garments accounted for 63%. GDP grew at an average annual rate of 5.5% in the early 1990s until a drought and a deteriorating security situation lowered growth to 3.8% in 1996. The economy rebounded in 1997-2000 with average growth of 5.3%, but 2001 saw the first contraction in the country's history, -1.4%, due to a combination of power shortages, severe budgetary problems, the global slowdown, and continuing civil strife. Growth recovered to 4.0% in 2002 and to 5.2% in both 2003 and 2004. About 800,000 Sri Lankans work abroad, 90% in the Middle East. They send home about $1 billion a year. The struggle by the Tamil Tigers of the north and east for a largely independent homeland continues to cast a shadow over the economy. In late December 2004, a major tsunami took about 31,000 lives, left more than 6,300 missing and 443,000 displaced, and destroyed an estimated $1.5 billion worth of property.

Sudan Sudan has turned around a struggling economy with sound economic policies and infrastructure investments, but it still faces formidable economic problems, starting from its low level of per capita output. From 1997 to date, Sudan has been implementing IMF macroeconomic reforms. In 1999, Sudan began exporting crude oil and in the last quarter of 1999 recorded its first trade surplus, which, along with monetary policy, has stabilized the exchange rate. Increased oil production, revived light industry, and expanded export processing zones helped sustain GDP growth at 6.4% in 2004. Agriculture production remains Sudan's most important sector, employing 80% of the work force, contributing 39% of GDP, and accounting for most of GDP growth, but most farms remain rain-fed and susceptible to drought. Chronic instability - including the long-standing civil war between the Muslim north and the Christian/pagan south, adverse weather, and weak world agricultural prices - ensure that much of the population will remain at or below the poverty line for years.

Suriname The economy is dominated by the alumina industry, which accounts for more than 15% of GDP and 70% of export earnings. Suriname's economic prospects for the medium term will depend on continued commitment to responsible monetary and fiscal policies and to the introduction of structural reforms to liberalize markets and promote competition. The government of Ronald VENETIAAN has begun an austerity program, raised taxes, and attempted to control spending. While - in 2002 - President VENETIAAN agreed to a large pay raise for civil servants, threatening his earlier gains in stabilizing the economy, he has not repeated this promise in the run-up to the May 2005 elections. The Dutch Government has agreed to restart the aid flow, which will allow Suriname to access international development financing, but plans to phase out funds over the next five years. The short-term economic outlook depends on the government's ability to control inflation and on the development of projects in the bauxite and gold mining sectors. Prospects for local onshore oil production are good, as a drilling program is underway. Offshore oil drilling was given a boost in 2004 when the State Oil Company (Staatsolie) signed exploration agreements with Repsol and Mearsk.

Svalbard Coal mining is the major economic activity on Svalbard. The treaty of 9 February 1920 gives the 41 signatories equal rights to exploit mineral deposits, subject to Norwegian regulation. Although US, UK, Dutch, and Swedish coal companies have mined in the past, the only companies still mining are Norwegian and Russian. The settlements on Svalbard are essentially company towns. The Norwegian state-owned coal company employs nearly 60% of the Norwegian population on the island, runs many of the local services, and provides most of the local infrastructure. There is also some hunting of seal, reindeer, and fox.

Swaziland In this small, landlocked economy, subsistence agriculture occupies more than 80% of the population. The manufacturing sector has diversified since the mid-1980s. Sugar and wood pulp remain important foreign exchange earners. Mining has declined in importance in recent years with only coal and quarry stone mines remaining active. Surrounded by South Africa, except for a short border with Mozambique, Swaziland is heavily dependent on South Africa from which it receives about nine-tenths of its imports and to which it sends nearly three-quarters of its exports. Customs duties from the Southern African Customs Union and worker remittances from South Africa substantially supplement domestically earned income. The government is trying to improve the atmosphere for foreign investment. Overgrazing, soil depletion, drought, and sometimes floods persist as problems for the future. More than one-fourth of the population needed emergency food aid in 2004 because of drought, and more than one-third of the adult population was infected by HIV/AIDS.

Sweden Aided by peace and neutrality for the whole 20th century, Sweden has achieved an enviable standard of living under a mixed system of high-tech capitalism and extensive welfare benefits. It has a modern distribution system, excellent internal and external communications, and a skilled labor force. Timber, hydropower, and iron ore constitute the resource base of an economy heavily oriented toward foreign trade. Privately owned firms account for about 90% of industrial output, of which the engineering sector accounts for 50% of output and exports. Agriculture accounts for only 2% of GDP and 2% of the jobs. The government's commitment to fiscal discipline resulted in a substantial budgetary surplus in 2001, which was cut by more than half in 2002, due to the global economic slowdown, declining revenue, and increased spending. The Swedish central bank (the Riksbank) focuses on price stability with its inflation target of 2%. Growth remained sluggish in 2003, but picked up in 2004. Presumably because of generous sicktime benefits, Swedish workers report in sick more often than other Europeans. On 14 September 2003, Swedish voters turned down entry into the euro system, concerned about the impact on democracy and sovereignty.

Switzerland Switzerland is a peaceful, prosperous, and stable modern market economy with low unemployment, a highly skilled labor force, and a per capita GDP larger than that of the big Western European economies. The Swiss in recent years have brought their economic practices largely into conformity with the EU's to enhance their international competitiveness. Switzerland remains a safe haven for investors, because it has maintained a degree of bank secrecy and has kept up the franc's long-term external value. Reflecting the anemic economic conditions of Europe, GDP growth dropped in 2001 to about 0.8%, to 0.2% in 2002, and to -0.3% in 2003, with a small rise to 1.8% in 2004. Even so, unemployment has remained at less than half the EU average.

Syria Real GDP growth rose to 2.3 percent in 2004, a slight increase from 2003 when the predominantly statist economy suffered from disruptions caused by the war in Iraq and other developments in the region. Annual real GDP growth has averaged 2.3 percent for the last seven years. The Government of Syria has implemented modest economic reforms in the last few years, including cutting interest rates, opening private banks, consolidating some of the multiple exchange rates, and raising prices on some subsidized foodstuffs. Nevertheless, the economy remains highly controlled by the government. Long run economic constraints include declining oil production and exports and pressure on water supplies caused by rapid population growth, industrial expansion, and increased water pollution.

Taiwan Taiwan has a dynamic capitalist economy with gradually decreasing guidance of investment and foreign trade by government authorities. In keeping with this trend, some large government-owned banks and industrial firms are being privatized. Exports have provided the primary impetus for industrialization. The trade surplus is substantial, and foreign reserves are the world's third largest. Agriculture contributes less than 2% to GDP, down from 32% in 1952. Taiwan is a major investor throughout Southeast Asia. China has overtaken the US to become Taiwan's largest export market. Because of its conservative financial approach and its entrepreneurial strengths, Taiwan suffered little compared with many of its neighbors from the Asian financial crisis in 1998. The global economic downturn, combined with problems in policy coordination by the administration and bad debts in the banking system, pushed Taiwan into recession in 2001, the first year of negative growth ever recorded. Unemployment also reached record levels. Output recovered moderately in 2002 in the face of continued global slowdown, fragile consumer confidence, and bad bank loans; and the essentially vibrant economy pushed ahead in 2003-04. Growing economic ties with China are a dominant long-term factor, e.g., exports to China of parts and equipment for the assembly of goods for export to developed countries.

Tajikistan Tajikistan has one of the lowest per capita GDPs among the 15 former Soviet republics. Only 5% to 6% of the land area is arable. Cotton is the most important crop. Mineral resources, varied but limited in amount, include silver, gold, uranium, and tungsten. Industry consists only of a large aluminum plant, hydropower facilities, and small obsolete factories mostly in light industry and food processing. The civil war (1992-97) severely damaged the already weak economic infrastructure and caused a sharp decline in industrial and agricultural production. Even though 60% of its people continue to live in abject poverty, Tajikistan has experienced steady economic growth since 1997. Continued privatization of medium and large state-owned enterprises will further increase productivity. Tajikistan's economic situation, however, remains fragile due to uneven implementation of structural reforms, weak governance, widespread unemployment, and the external debt burden. A debt restructuring agreement was reached with Russia in December 2002, including an interest rate of 4%, a 3-year grace period, and a US $49.8 million credit to the Central Bank of Tajikistan.

Tanzania Tanzania is one of the poorest countries in the world. The economy depends heavily on agriculture, which accounts for almost half of GDP, provides 85% of exports, and employs 80% of the work force. Topography and climatic conditions, however, limit cultivated crops to only 4% of the land area. Industry traditionally featured the processing of agricultural products and light consumer goods. The World Bank, the International Monetary Fund, and bilateral donors have provided funds to rehabilitate Tanzania's out-of-date economic infrastructure and to alleviate poverty. Growth in 1991-2002 featured a pickup in industrial production and a substantial increase in output of minerals, led by gold. Recent banking reforms have helped increase private sector growth and investment. Continued donor assistance and solid macroeconomic policies supported real GDP growth of nearly 6% in 2004.

Thailand Thailand has a well developed infrastructure, a free-enterprise economy, and welcomes foreign investment. Thailand has fully recovered from the 1997-98 Asian Financial Crisis and was one of East Asia's best performers in 2002-04. Increased consumption and investment spending and strong export growth pushed GDP growth up to 6.9% in 2003 and 6.1% in 2004 despite a sluggish global economy. The highly popular government's expansionist policy, including major support of village economic development, has raised concerns about fiscal discipline and the health of financial institutions. Bangkok has pursued preferential trade agreements with a variety of partners in an effort to boost exports and maintain high growth, and in 2004 began negotiations on a Free Trade Agreement with the US. In late December 2004, a major tsunami took 8,500 lives in Thailand and caused massive destruction of property in the southern provinces of Krabi, Phangnga, and Phuket.

Togo This small sub-Saharan economy is heavily dependent on both commercial and subsistence agriculture, which provides employment for 65% of the labor force. Some basic foodstuffs must still be imported. Cocoa, coffee, and cotton generate about 40% of export earnings, with cotton being the most important cash crop. Togo is the world's fourth-largest producer of phosphate, but production fell an estimated 22% in 2002 due to power shortages and the cost of developing new deposits. The government's decade-long effort, supported by the World Bank and the IMF, to implement economic reform measures, encourage foreign investment, and bring revenues in line with expenditures has moved slowly. Progress depends on following through on privatization, increased openness in government financial operations, progress toward legislative elections, and continued support from foreign donors.

Tokelau Tokelau's small size (three villages), isolation, and lack of resources greatly restrain economic development and confine agriculture to the subsistence level. The people rely heavily on aid from New Zealand - about $4 million annually - to maintain public services, with annual aid being substantially greater than GDP. The principal sources of revenue come from sales of copra, postage stamps, souvenir coins, and handicrafts. Money is also remitted to families from relatives in New Zealand.

Tonga Tonga, a small, open, South Pacific island economy, has a narrow export base in agricultural goods. Squash, coconuts, bananas, and vanilla beans are the main crops, and agricultural exports make up two-thirds of total exports. The country must import a high proportion of its food, mainly from New Zealand. Tourism is the second largest source of hard currency earnings following remittances. The country remains dependent on external aid and remittances from Tongan communities overseas to offset its trade deficit. The government is emphasizing the development of the private sector, especially the encouragement of investment, and is committing increased funds for health and education. Tonga has a reasonably sound basic infrastructure and well-developed social services. High unemployment among the young, a continuing upturn in inflation, and rising civil service expenditures are major issues facing the government.

Trinidad and Tobago Trinidad and Tobago, the leading Caribbean producer of oil and gas, has earned a reputation as an excellent investment site for international businesses. Tourism is a growing sector, although not proportionately as important as in many other Caribbean islands. The economy benefits from low inflation and a growing trade surplus. Prospects for growth in 2004 are good as prices for oil, petrochemicals, and liquified natural gas are expected to remain high, and foreign direct investment continues to grow to support expanded capacity in the energy sector. The government is coping with a rise in violent crime.

Tromelin Island no economic activity

Tunisia Tunisia has a diverse economy, with important agricultural, mining, energy, tourism, and manufacturing sectors. Governmental control of economic affairs while still heavy has gradually lessened over the past decade with increasing privatization, simplification of the tax structure, and a prudent approach to debt. Progressive social policies also have helped raise living conditions in Tunisia relative to the region. Real growth slowed to a 15-year low of 1.9% in 2002 because of agricultural drought and lackluster tourism. Better rains in 2003 and 2004, however, helped push GDP growth above 5% for these years. Tourism also recovered after the end of combat operations in Iraq. Tunisia is gradually removing barriers to trade with the European Union. Broader privatization, further liberalization of the investment code to increase foreign investment, improvements in government efficiency, and reduction of the trade deficit are among the challenges ahead.

Turkey Turkey's dynamic economy is a complex mix of modern industry and commerce along with a traditional agriculture sector that in 2004 still accounted for more than 35% of employment. It has a strong and rapidly growing private sector, yet the state still plays a major role in basic industry, banking, transport, and communication. The largest industrial sector is textiles and clothing, which accounts for one-third of industrial employment; it faces stiff competition in international markets with the end of the global quota system. However, other sectors, notably the automotive and electronics industries, are rising in importance within Turkey's export mix. In recent years the economic situation has been marked by erratic economic growth and serious imbalances. Real GNP growth has exceeded 6% in many years, but this strong expansion has been interrupted by sharp declines in output in 1994, 1999, and 2001. Inflation, in recent years in the high double-digit range, fell to 9.3% by 2004 - a 30-year low. Despite these strong economic gains in 2002-04, which were largely due to renewed investor interest in emerging markets, IMF backing, and tighter fiscal policy, the economy is still plagued with high debt and deficits. The public sector fiscal deficit exceeds 6% of GDP - due in large part to the huge burden of interest payments, which accounted for more than 40% of central government spending in 2004, and to populist spending. Foreign direct investment (FDI) in Turkey remains low - averaging less than $1 billion annually, but further economic and judicial reforms and prospective EU membership are expected to boost FDI. A major political and economic issue over the next decade is whether or not Turkey will become a member of the EU.

Turkmenistan Turkmenistan is largely desert country with intensive agriculture in irrigated oases and large gas and oil resources. One-half of its irrigated land is planted in cotton; formerly it was the world's tenth-largest producer. Poor harvests in recent years have led to a nearly 46% decline in cotton exports. With an authoritarian ex-Communist regime in power and a tribally based social structure, Turkmenistan has taken a cautious approach to economic reform, hoping to use gas and cotton sales to sustain its inefficient economy. Privatization goals remain limited. In 1998-2004, Turkmenistan suffered from the continued lack of adequate export routes for natural gas and from obligations on extensive short-term external debt. At the same time, however, total exports rose by perhaps 30% in 2003 and 19% in 2004, largely because of higher international oil and gas prices. Overall prospects in the near future are discouraging because of widespread internal poverty, the burden of foreign debt, the government's irrational use of oil and gas revenues, and its unwillingness to adopt market-oriented reforms. Turkmenistan's economic statistics are state secrets, and GDP and other figures are subject to wide margins of error. In particular, the rate of GDP growth is uncertain.

Turks and Caicos Islands The Turks and Caicos economy is based on tourism, fishing, and offshore financial services. Most capital goods and food for domestic consumption are imported. The US is the leading source of tourists, accounting for more than half of the annual 93,000 visitors in the late 1990s. Major sources of government revenue also include fees from offshore financial activities and customs receipts.

Tuvalu Tuvalu consists of a densely populated, scattered group of nine coral atolls with poor soil. The country has no known mineral resources and few exports. Subsistence farming and fishing are the primary economic activities. Fewer than 1,000 tourists, on average, visit Tuvalu annually. Government revenues largely come from the sale of stamps and coins and worker remittances. About 1,000 Tuvaluans work in Nauru in the phosphate mining industry. Nauru has begun repatriating Tuvaluans, however, as phosphate resources decline. Substantial income is received annually from an international trust fund established in 1987 by Australia, NZ, and the UK and supported also by Japan and South Korea. Thanks to wise investments and conservative withdrawals, this fund has grown from an initial $17 million to over $35 million in 1999. The US government is also a major revenue source for Tuvalu because of payments from a 1988 treaty on fisheries. In an effort to reduce its dependence on foreign aid, the government is pursuing public sector reforms, including privatization of some government functions and personnel cuts of up to 7%. In 1998, Tuvalu began deriving revenue from use of its area code for "900" lines and in 2000, from the lease of its ".tv" Internet domain name. Royalties from these new technology sources could increase substantially over the next decade. With merchandise exports only a fraction of merchandise imports, continued reliance must be placed on fishing and telecommunications license fees, remittances from overseas workers, official transfers, and income from overseas investments.

Uganda Uganda has substantial natural resources, including fertile soils, regular rainfall, and sizable mineral deposits of copper and cobalt. Agriculture is the most important sector of the economy, employing over 80% of the work force. Coffee accounts for the bulk of export revenues. Since 1986, the government - with the support of foreign countries and international agencies - has acted to rehabilitate and stabilize the economy by undertaking currency reform, raising producer prices on export crops, increasing prices of petroleum products, and improving civil service wages. The policy changes are especially aimed at dampening inflation and boosting production and export earnings. During 1990-2001, the economy turned in a solid performance based on continued investment in the rehabilitation of infrastructure, improved incentives for production and exports, reduced inflation, gradually improved domestic security, and the return of exiled Indian-Ugandan entrepreneurs. Corruption within the government and slippage in the government's determination to press reforms raise doubts about the continuation of strong growth. In 2000, Uganda qualified for enhanced Highly Indebted Poor Countries (HIPC) debt relief worth $1.3 billion and Paris Club debt relief worth $145 million. These amounts combined with the original HIPC debt relief added up to about $2 billion. Growth for 2001-02 was solid despite continued decline in the price of coffee, Uganda's principal export. Solid growth in 2003-04 reflected an upturn in Uganda's export markets.

Ukraine After Russia, the Ukrainian republic was far and away the most important economic component of the former Soviet Union, producing about four times the output of the next-ranking republic. Its fertile black soil generated more than one-fourth of Soviet agricultural output, and its farms provided substantial quantities of meat, milk, grain, and vegetables to other republics. Likewise, its diversified heavy industry supplied the unique equipment (for example, large diameter pipes) and raw materials to industrial and mining sites (vertical drilling apparatus) in other regions of the former USSR. Ukraine depends on imports of energy, especially natural gas, to meet some 85% of its annual energy requirements. Shortly after independence in December 1991, the Ukrainian Government liberalized most prices and erected a legal framework for privatization, but widespread resistance to reform within the government and the legislature soon stalled reform efforts and led to some backtracking. Output by 1999 had fallen to less than 40% of the 1991 level. Loose monetary policies pushed inflation to hyperinflationary levels in late 1993. Ukraine's dependence on Russia for energy supplies and the lack of significant structural reform have made the Ukrainian economy vulnerable to external shocks. Ukrainian government officials have taken some steps to reform the country's Byzantine tax code, such as the implementation of lower tax rates aimed at bringing more economic activity out of Ukraine's large shadow economy, but more improvements are needed, including closing tax loopholes and eliminating tax privileges and exemptions. Reforms in the more politically sensitive areas of structural reform and land privatization are still lagging. Outside institutions - particularly the IMF - have encouraged Ukraine to quicken the pace and scope of reforms. GDP in 2000 showed strong export-based growth of 6% - the first growth since independence - and industrial production grew 12.9%. The economy continued to expand in 2001 as real GDP rose 9% and industrial output grew by over 14%. Growth of 4.6% in 2002 was more moderate, in part a reflection of faltering growth in the developed world. In general, growth has been undergirded by strong domestic demand, low inflation, and solid consumer and investor confidence. Growth was a sturdy 9.3% in 2003 and a remarkable 12% in 2004, despite a loss of momentum in needed economic reforms.

United Arab Emirates The UAE has an open economy with a high per capita income and a sizable annual trade surplus. Its wealth is based on oil and gas output (about 30% of GDP), and the fortunes of the economy fluctuate with the prices of those commodities. Since the discovery of oil in the UAE more than 30 years ago, the UAE has undergone a profound transformation from an impoverished region of small desert principalities to a modern state with a high standard of living. At present levels of production, oil and gas reserves should last for more than 100 years. The government has increased spending on job creation and infrastructure expansion and is opening up its utilities to greater private sector involvement. In April 2004, the UAE signed a Trade and Investment Framework Agreement (TIFA) with Washington and in November 2004 agreed to undertake negotiations toward a Free Trade Agreement (FTA) with the US.

United Kingdom The UK, a leading trading power and financial center, is one of the quartet of trillion dollar economies of Western Europe. Over the past two decades the government has greatly reduced public ownership and contained the growth of social welfare programs. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with less than 2% of the labor force. The UK has large coal, natural gas, and oil reserves; primary energy production accounts for 10% of GDP, one of the highest shares of any industrial nation. Services, particularly banking, insurance, and business services, account by far for the largest proportion of GDP while industry continues to decline in importance. GDP growth slipped in 2001-03 as the global downturn, the high value of the pound, and the bursting of the "new economy" bubble hurt manufacturing and exports. Output recovered in 2004, to 3.2% growth. The economy is one of the strongest in Europe; inflation, interest rates, and unemployment remain low. The relatively good economic performance has complicated the BLAIR government's efforts to make a case for Britain to join the European Economic and Monetary Union (EMU). Critics point out that the economy is doing well outside of EMU, and they cite public opinion polls that continue to show a majority of Britons opposed to the euro. Meantime, the government has been speeding up the improvement of education, transport, and health services, at a cost in higher taxes.

United States The US has the largest and most technologically powerful economy in the world, with a per capita GDP of $40,100. In this market-oriented economy, private individuals and business firms make most of the decisions, and the federal and state governments buy needed goods and services predominantly in the private marketplace. US business firms enjoy considerably greater flexibility than their counterparts in Western Europe and Japan in decisions to expand capital plant, to lay off surplus workers, and to develop new products. At the same time, they face higher barriers to entry in their rivals' home markets than the barriers to entry of foreign firms in US markets. US firms are at or near the forefront in technological advances, especially in computers and in medical, aerospace, and military equipment; their advantage has narrowed since the end of World War II. The onrush of technology largely explains the gradual development of a "two-tier labor market" in which those at the bottom lack the education and the professional/technical skills of those at the top and, more and more, fail to get comparable pay raises, health insurance coverage, and other benefits. Since 1975, practically all the gains in household income have gone to the top 20% of households. The response to the terrorist attacks of 11 September 2001 showed the remarkable resilience of the economy. The war in March/April 2003 between a US-led coalition and Iraq, and the subsequent occupation of Iraq, required major shifts in national resources to the military. The rise in GDP in 2004 was undergirded by substantial gains in labor productivity. The economy suffered from a sharp increase in energy prices in the second half of 2004. Long-term problems include inadequate investment in economic infrastructure, rapidly rising medical and pension costs of an aging population, sizable trade and budget deficits, and stagnation of family income in the lower economic groups.

Uruguay Uruguay's well-to-do economy is characterized by an export-oriented agricultural sector, a well-educated workforce, and high levels of social spending. After averaging growth of 5% annually during 1996-98, in 1999-2002 the economy suffered a major downturn, stemming largely from the spillover effects of the economic problems of its large neighbors, Argentina and Brazil. For instance, in 2001-02 massive withdrawals by Argentina of dollars deposited in Uruguayan banks led to a plunge in the Uruguyan peso and a massive rise in unemployment. Total GDP in these four years dropped by nearly 20%, with 2002 the worst year due to the serious banking crisis. Unemployment rose to nearly 20% in 2002, inflation surged, and the burden of external debt doubled. Cooperation with the IMF limited the damage. The debt swap with private creditors carried out in 2003, which extended the maturity dates on nearly half of Uruguay's $11.3 billion in public debt, substantially alleviated the country's amortization burden in the coming years and restored public confidence. The economy grew about 10% in 2004 as a result of high commodity prices for Uruguayan exports, the weakness of the dollar against the euro, growth in the region, low international interest rates, and greater export competitiveness.

Uzbekistan Uzbekistan is a dry, landlocked country of which 11% consists of intensely cultivated, irrigated river valleys. More than 60% of its population lives in densely populated rural communities. Uzbekistan is now the world's second-largest cotton exporter, a large producer of gold and oil, and a regionally significant producer of chemicals and machinery. Following independence in December 1991, the government sought to prop up its Soviet-style command economy with subsidies and tight controls on production and prices. Uzbekistan responded to the negative external conditions generated by the Asian and Russian financial crises by emphasizing import substitute industrialization and by tightening export and currency controls within its already largely closed economy. The government, while aware of the need to improve the investment climate, sponsors measures that often increase, not decrease, the government's control over business decisions. A sharp increase in the inequality of income distribution has hurt the lower ranks of society since independence. In 2003, the government accepted the obligations of Article VIII under the International Monetary Fund (IMF), providing for full currency convertibility. However, strict currency controls and tightening of borders have lessened the effects of convertibility and have also led to some shortages that have further stifled economic activity.

Vanuatu This South Pacific island economy is based primarily on small-scale agriculture, which provides a living for 65% of the population. Fishing, offshore financial services, and tourism, with about 50,000 visitors in 2004, are other mainstays of the economy. Mineral deposits are negligible; the country has no known petroleum deposits. A small light industry sector caters to the local market. Tax revenues come mainly from import duties. Economic development is hindered by dependence on relatively few commodity exports, vulnerability to natural disasters, and long distances from main markets and between constituent islands. GDP growth rose less than 3% on average in the 1990s. In response to foreign concerns, the government has promised to tighten regulation of its offshore financial center. In mid-2002 the government stepped up efforts to boost tourism. Agriculture, especially livestock farming, is a second target for growth. Australia and New Zealand are the main suppliers of tourists and foreign aid.

Venezuela Venezuela continues to be highly dependent on the petroleum sector, accounting for roughly one-third of GDP, around 80% of export earnings, and over half of government operating revenues. A disastrous two-month national oil strike from December 2002 to February 2003, temporarily halted economic activity. The economy remained in depression in 2003, declining by 9.2% after an 8.9% fall in 2002. Despite continued domestic instability, output recovered strongly in 2004, aided by high oil prices. Both inflation and unemployment remain fundamental problems.

Vietnam Vietnam is a densely-populated, developing country that in the last 30 years has had to recover from the ravages of war, the loss of financial support from the old Soviet Bloc, and the rigidities of a centrally planned economy. Substantial progress was achieved from 1986 to 1997 in moving forward from an extremely low level of development and significantly reducing poverty. Growth averaged around 9% per year from 1993 to 1997. The 1997 Asian financial crisis highlighted the problems in the Vietnamese economy and temporarily allowed opponents of reform to slow progress towards a market oriented economy. GDP growth of 8.5% in 1997 fell to 6% in 1998 and 5% in 1999. Growth then rose to 7% in 2000-04 even against the background of global recession. Since 2001, however, Vietnamese authorities have reaffirmed their commitment to economic liberalization and international integration. They have moved to implement the structural reforms needed to modernize the economy and to produce more competitive, export-driven industries. However, equitization of state-owned enterprises and reduction in the proportion of non-performing loans has fallen behind schedule. Vietnam's membership in the ASEAN Free Trade Area (AFTA) and entry into force of the US-Vietnam Bilateral Trade in December 2001 have led to even more rapid changes in Vietnam's trade and economic regime. Vietnam's exports to the US doubled in 2002 and again in 2003. Vietnam is working toward accession to the WTO in 2005. Among other benefits, accession will allow Vietnam to take advantage of the phase out of the Agreement on Textiles and Clothing, which eliminated quotas on textiles and clothing for WTO partners on 1 January 2005. Vietnam is working to promote job creation to keep up with the country's high population growth rate. However, in 2004, high levels of inflation prompted Vietnamese authorities to tighten monetary and fiscal policies.

Virgin Islands Tourism is the primary economic activity, accounting for 80% of GDP and employment. The islands normally host 2 million visitors a year. The manufacturing sector consists of petroleum refining, textiles, electronics, pharmaceuticals, and watch assembly. The agricultural sector is small, with most food being imported. International business and financial services are a small but growing component of the economy. One of the world's largest petroleum refineries is at Saint Croix. The islands are subject to substantial damage from storms. The government is working to improve fiscal discipline, to support construction projects in the private sector, to expand tourist facilities, to reduce crime, and to protect the environment.

Wake Island Economic activity is limited to providing services to contractors located on the island. All food and manufactured goods must be imported.

Wallis and Futuna The economy is limited to traditional subsistence agriculture, with about 80% labor force earnings from agriculture (coconuts and vegetables), livestock (mostly pigs), and fishing. About 4% of the population is employed in government. Revenues come from French Government subsidies, licensing of fishing rights to Japan and South Korea, import taxes, and remittances from expatriate workers in New Caledonia.

West Bank The West Bank - the larger of the two areas under the Palestine Authority - has experienced a general decline in economic growth and a degradation in economic conditions made worse since the second intifadah began in September 2000. The downturn has been largely the result of the Israeli closure policies - the imposition of border closures in response to security incidents in Israel - which disrupted labor and commodity market relationships. In 2001, and even more severely in 2002, Israeli military measures in Palestine Authority areas resulted in the destruction of much capital plant, the disruption of administrative structure, and widespread business closures. Including the Gaza Strip, the UN estimates that more than 100,000 Palestinians out of the 125,000 who used to work in Israeli settlements, or in joint industrial zones, have lost their jobs. International aid of $2 billion to the West Bank and Gaza strip in 2004 prevented the complete collapse of the economy and allowed some reforms in the government's financial operations. Meanwhile, unemployment has continued at more than half the labor force. ARAFAT's death in 2004 leaves open more political options that could affect the economy.

Western Sahara Western Sahara depends on pastoral nomadism, fishing, and phosphate mining as the principal sources of income for the population. The territory lacks sufficient rainfall for sustainable agricultural production, and most of the food for the urban population must be imported. All trade and other economic activities are controlled by the Moroccan Government. Moroccan energy interests in 2001 signed contracts to explore for oil off the coast of Western Sahara, which has angered the Polisario. Incomes and standards of living in Western Sahara are substantially below the Moroccan level.

World Global output rose by 4.9% in 2004, led by China (9.1%), Russia (6.7%), and India (6.2%). The other 14 successor nations of the USSR and the other old Warsaw Pact nations again experienced widely divergent growth rates; the three Baltic nations continued as strong performers, in the 7% range of growth. Growth results posted by the major industrial countries varied from a small gain in Italy (1.3%) to a strong gain by the United States (4.4%). The developing nations also varied in their growth results, with many countries facing population increases that erode gains in output. Externally, the nation-state, as a bedrock economic-political institution, is steadily losing control over international flows of people, goods, funds, and technology. Internally, the central government often finds its control over resources slipping as separatist regional movements - typically based on ethnicity - gain momentum, e.g., in many of the successor states of the former Soviet Union, in the former Yugoslavia, in India, in Iraq, in Indonesia, and in Canada. Externally, the central government is losing decisionmaking powers to international bodies, notably the European Union. In Western Europe, governments face the difficult political problem of channeling resources away from welfare programs in order to increase investment and strengthen incentives to seek employment. The addition of 75 million people each year to an already overcrowded globe is exacerbating the problems of pollution, desertification, underemployment, epidemics, and famine. Because of their own internal problems and priorities, the industrialized countries devote insufficient resources to deal effectively with the poorer areas of the world, which, at least from an economic point of view, are becoming further marginalized. The introduction of the euro as the common currency of much of Western Europe in January 1999, while paving the way for an integrated economic powerhouse, poses economic risks because of varying levels of income and cultural and political differences among the participating nations. The terrorist attacks on the US on 11 September 2001 accentuate a further growing risk to global prosperity, illustrated, for example, by the reallocation of resources away from investment to anti-terrorist programs. The opening of war in March 2003 between a US-led coalition and Iraq added new uncertainties to global economic prospects. After the coalition victory, the complex political difficulties and the high economic cost of establishing domestic order in Iraq became major global problems that continued into 2005.

Yemen Yemen, one of the poorest countries in the Arab world, has reported strong growth since 2000, but its economic fortunes depend mostly on oil. Yemen has embarked on an IMF-supported structural adjustment program designed to modernize and streamline the economy, which has led to substantial foreign debt relief and restructuring. Yemen has worked to maintain tight control over spending and to implement additional components of the IMF program, but a high population growth rate and internal political dissension complicate the government's task. Plans include a diversification of the economy, encouragement of tourism, and more efficient use of scarce water resources.

Zambia Despite progress in privatization and budgetary reform, Zambia's economic growth remains somewhat below the 5% to 7% needed to reduce poverty significantly. Privatization of government-owned copper mines relieved the government from covering mammoth losses generated by the industry and greatly improved the chances for copper mining to return to profitability and spur economic growth. Copper output increased in 2004 and is expected to increase again in 2005, due to higher copper prices and the opening of new mines. The maize harvest was again good in 2004, helping boost GDP and agricultural exports. Cooperation continues with international bodies on programs to reduce poverty, including a new lending arrangement with the IMF in the second quarter, 2004. A tighter monetary policy will help cut inflation, but Zambia still has a serious problem with fiscal discipline.

Zimbabwe The government of Zimbabwe faces a wide variety of difficult economic problems as it struggles with an unsustainable fiscal deficit, an overvalued exchange rate, soaring inflation, and bare shelves. Its 1998-2002 involvement in the war in the Democratic Republic of the Congo, for example, drained hundreds of millions of dollars from the economy. Badly needed support from the IMF has been suspended because of the country's failure to meet budgetary goals. Inflation rose from an annual rate of 32% in 1998 to 133% at the end of 2004, while the exchange rate fell from 24 Zimbabwean dollars per US dollar to 6,200 in the same time period. The government's land reform program, characterized by chaos and violence, has badly damaged the commercial farming sector, the traditional source of exports and foreign exchange and the provider of 400,000 jobs.

This page was last updated on 20 October, 2005



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@2117 Pipelines (km)

Afghanistan gas 387 km (2004)

Albania gas 339 km; oil 207 km (2004)

Algeria condensate 1,344 km; gas 85,946 km; liquid petroleum gas 2,213 km; oil 6,496 km (2004)

Angola gas 214 km; liquid natural gas 14 km; liquid petroleum gas 30 km; oil 837 km; refined products 56 km (2004)

Argentina gas 27,166 km; liquid petroleum gas 41 km; oil 3,668 km; refined products 2,945 km; unknown (oil/water) 13 km (2004)

Armenia gas 1,871 km (2004)

Australia condensate/gas 492 km; gas 28,680 km; liquid petroleum gas 240 km; oil 4,773 km; oil/gas/water 110 km (2004)

Austria gas 2,722 km; oil 663 km; refined products 149 km (2004)

Azerbaijan gas 4,451 km; oil 1,518 km (2004)

Bahrain gas 20 km; oil 53 km (2004)

Bangladesh gas 2,012 km (2004)

Belarus gas 5,223 km; oil 2,443 km; refined products 1,686 km (2004)

Belgium gas 1,485 km; oil 158 km; refined products 535 km (2004)

Bolivia gas 4,860 km; liquid petroleum gas 47 km; oil 2,457 km; refined products 1,589 km; unknown (oil/water) 247 km (2004)

Brazil condensate/gas 244 km; gas 10,739 km; liquid petroleum gas 341 km; oil 5,212 km; refined products 4,755 km (2004)

Brunei gas 665 km; oil 439 km (2004)

Bulgaria gas 2,425 km; oil 339 km; refined products 156 km (2004)

Burma gas 2,056 km; oil 558 km (2004)

Cameroon gas 90 km; liquid petroleum gas 9 km; oil 1,120 km (2004)

Canada crude and refined oil 23,564 km; liquid petroleum gas 74,980 km (2003)

Chad oil 205 km (2004)

Chile gas 2,583 km; gas/lpg 42 km; liquid petroleum gas 539 km; oil 1,003 km; refined products 757 km (2004)

China gas 15,890 km; oil 14,478 km; refined products 3,280 km (2004)

Colombia gas 4,360 km; oil 6,134 km; refined products 3,140 km (2004)

Congo, Democratic Republic of the gas 54 km; oil 71 km (2004)

Congo, Republic of the gas 53 km; oil 646 km (2004)

Costa Rica refined products 242 km (2004)

Cote d'Ivoire condensate 107 km; gas 223 km; oil 104 km (2004)

Croatia gas 1,340 km; oil 583 km (2004)

Cuba gas 49 km; oil 230 km (2004)

Czech Republic gas 7,020 km; oil 547 km; refined products 94 km (2004)

Denmark condensate 12 km; gas 3,892 km; oil 455 km; oil/gas/water 2 km; unknown (oil/water) 64 km (2004)

Ecuador extra heavy crude 578 km; gas 71 km; oil 1,386 km; refined products 1,185 km (2004)

Egypt condensate 289 km; condensate/gas 94 km; gas 6,115 km; liquid petroleum gas 852 km; oil 5,032 km; oil/gas/water 36 km; refined products 246 km (2004)

Equatorial Guinea condensate 37 km; gas 39 km; liquid natural gas 4 km; oil 24 km (2004)

Estonia gas 859 km (2004)

Finland gas 694 km (2004)

France gas 14,232 km; oil 3,024 km; refined products 4,889 km (2004)

Gabon gas 210 km; oil 1,385 km (2004)

Georgia gas 1,697 km; oil 1,027 km; refined products 232 km (2004)

Germany condensate 325 km; gas 25,293 km; oil 3,540 km; refined products 3,827 km (2004)

Ghana refined products 74 km (2004)

Greece gas 1,166 km; oil 94 km (2004)

Guatemala oil 480 km (2004)

Hungary gas 4,397 km; oil 990 km; refined products 335 km (2004)

India gas 6,171 km; liquid petroleum gas 1,195 km; oil 5,613 km; refined products 5,567 km (2004)

Indonesia condensate 850 km; condensate/gas 128 km; gas 8,506 km; oil 7,472 km; oil/gas/water 66 km; refined products 1,329 km (2004)

Iran condensate/gas 212 km; gas 16,998 km; liquid petroleum gas 570 km; oil 8,256 km; refined products 7,808 km (2004)

Iraq gas 1,739 km; oil 5,418 km; refined products 1,343 km (2004)

Ireland gas 1,795 km (2004)

Israel gas 140 km; oil 1,509 km (2004)

Italy gas 17,335 km; oil 1,136 km (2004)

Japan gas 2,719 km; oil 170 km; oil/gas/water 60 km (2004)

Jordan gas 10 km; oil 743 km (2004)

Kazakhstan condensate 18 km; gas 10,370 km; oil 10,158 km; refined products 1,187 km (2004)

Kenya refined products 752 km (2004)

Korea, North oil 154 km (2004)

Korea, South gas 1,433 km; refined products 827 km (2004)

Kuwait gas 169 km; oil 540 km; refined products 57 km (2004)

Kyrgyzstan gas 367 km; oil 13 km (2004)

Laos refined products 540 km (2004)

Latvia gas 1,097 km; oil 409 km; refined products 415 km (2004)

Lebanon oil 209 km (2004)

Libya condensate 225 km; gas 3,611 km; oil 7,252 km (2004)

Liechtenstein gas 20 km (2004)

Lithuania gas 1,696 km; oil 331 km; refined products 109 km (2004)

Luxembourg gas 155 km (2004)

Macedonia gas 268 km; oil 120 km (2004)

Malaysia condensate 279 km; gas 5,047 km; oil 1,841 km; refined products 114 km (2004)

Mexico crude oil 28,200 km; petroleum products 10,150 km; natural gas 13,254 km; petrochemical 1,400 km (2003)

Moldova gas 606 km (2004)

Morocco gas 695 km; oil 285 km (2004)

Mozambique gas 649 km; refined products 292 km (2004)

Netherlands condensate 325 km; gas 6,998 km; oil 590 km; refined products 716 km (2004)

New Zealand gas 2,213 km; liquid petroleum gas 79 km; oil 160 km; refined products 304 km (2004)

Nicaragua oil 54 km (2004)

Nigeria condensate 105 km; gas 1,896 km; oil 3,638 km; refined products 3,626 km (2004)

Norway condensate 411 km; gas 6,199 km; oil 2,213 km; oil/gas/water 746 km; unknown (oil/water) 38 km (2004)

Oman gas 3,754 km; oil 3,212 km (2004)

Pakistan gas 9,945 km; oil 1,821 km (2004)

Papua New Guinea oil 264 km (2004)

Peru gas 388 km; oil 1,557 km; refined products 13 km (2004)

Philippines gas 565 km; oil 135 km; refined products 100 km (2004)

Poland gas 13,552 km; oil 1,772 km (2004)

Portugal gas 1,099 km; oil 8 km; refined products 174 km (2004)

Qatar condensate 319 km; condensate/gas 209 km; gas 1,024 km; liquid petroleum gas 87 km; oil 702 km; oil/gas/water 41 km (2004)

Romania gas 3,508 km; oil 2,427 km (2004)

Russia condensate 122 km; gas 150,007 km; oil 75,539 km; refined products 13,771 km (2004)

Saudi Arabia condensate 212 km; gas 1,780 km; liquid petroleum gas 1,191 km; oil 5,068 km; refined products 1,162 km (2004)

Senegal gas 564 km (2004)

Serbia and Montenegro gas 3,177 km; oil 393 km (2004)

Singapore gas 139 km (2004)

Slovakia gas 6,769 km; oil 449 km (2004)

Slovenia gas 2,526 km; oil 11 km (2004)

South Africa condensate 100 km; gas 1,052 km; oil 847 km; refined products 1,354 km (2004)

Spain gas 7,306 km; oil 730 km; refined products 3,512 km (2004)

Sudan gas 156 km; oil 2,365 km; refined products 810 km (2004)

Suriname oil 51 km (2004)

Sweden gas 798 km (2004)

Switzerland gas 1,831 km; oil 94 km; refined products 7 km (2004)

Syria gas 2,300 km; oil 2,183 km (2004)

Taiwan condensate 25 km; gas 435 km (2004)

Tajikistan gas 541 km; oil 38 km (2004)

Tanzania gas 29 km; oil 866 km (2004)

Thailand gas 3,112 km; refined products 265 km (2004)

Trinidad and Tobago condensate 253 km; gas 1,117 km; oil 478 km (2004)

Tunisia gas 3,059 km; oil 1,203 km; refined products 345 km (2004)

Turkey gas 3,177 km; oil 3,562 km (2004)

Turkmenistan gas 6,549 km; oil 1,395 km (2004)

Ukraine gas 20,069 km; oil 4,540 km; refined products 4,169 km (2004)

United Arab Emirates condensate 469 km; gas 2,655 km; liquid petroleum gas 300 km; oil 2,936 km; oil/gas/water 5 km (2004)

United Kingdom condensate 370 km; gas 21,446 km; liquid petroleum gas 59 km; oil 6,420 km; oil/gas/water 63 km; refined products 4,474 km (2004)

United States petroleum products 244,620 km; natural gas 548,665 km (2003)

Uruguay gas 192 km (2004)

Uzbekistan gas 9,149 km; oil 869 km; refined products 33 km (2004)

Venezuela extra heavy crude 992 km; gas 5,262 km; oil 7,360 km; refined products 1,681 km; unknown (oil/water) 141 km (2004)

Vietnam condensate/gas 432 km; gas 210 km; oil 3 km; refined products 206 km (2004)

Yemen gas 88 km; oil 1,174 km (2004)

Zambia oil 771 km (2004)

Zimbabwe refined products 261 km (2004)

This page was last updated on 20 October, 2005



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@2118 Political parties and leaders

Afghanistan note - includes only political parties approved by the Ministry of Justice: Afghan Millat [Anwarul Haq AHADI]; De Afghanistan De Solay Ghorzang Gond [Shahnawaz TANAI]; De Afghanistan De Solay Mili Islami Gond [Shah Mahmood Polal ZAI]; Harakat-e-Islami Afghanistan [Mohammad Asif MOHSINEE]; Hezb-e-Aarman-e-Mardum-e-Afghanistan [Iihaj Saraj-u-din ZAFAREE]; Hezb-e-Aazadee Afghanistan [Abdul MALIK]; Hezb-e-Adalat-e-Islami Afghanistan [Mohammad Kabeer MARZBAN]; Hezb-e-Afghanistan-e-Wahid [Mohammad Wasil RAHEEMEE]; Hezb-e-Afghan Watan Islami Gond [leader NA]; Hezb-e-Congra-e-Mili Afghanistan [Latif PEDRAM]; Hezb-e-Falah-e-Mardum-e-Afghanistan [Mohammad ZAREEF]; Hezb-e-Libral-e-Aazadee Khwa-e-Mardum-e-Afghanistan [Ajmal SOHAIL]; Hezb-e-Hambastagee Mili Jawanan-e-Afghanistan [Mohammad Jamil KARZAI]; Hezb-e-Hamnbatagee-e-Afghanistan [Abdul Khaleq NEMAT]; Hezb-e-Harakat-e-Mili Wahdat-e-Afghanistan [Mohammad Nadir AATASH]; Hezb-e-Harak-e-Islami Mardum-e-Afghanistan [Ilhaj Said Hssain ANWARY]; Hezb-e-Ifazat Az Uqoq-e-Bashar Wa Inkishaf-e-Afghanistan [Baryalai NASRATEE]; Hezb-e-Istiqlal-e-Afghanistan [Dr. Gh. Farooq NIJZRABEE]; Hezb-e-Jamhoree Khwahan [Sibghatullah SANJAR]; Hezb-e-Kar Wa Tawsiha-e-Afghanistan [Zulfiar OMID]; Hezb-e-Mili Afghanistan [Abdul Rasheed AARYAN]; Hezb-e-Mili Wahdat-e-Aqwam-e-Islami Afghanistan [Mohammad Shah KHOGYANEE]; Hezb-e-Nuhzhat-e-Mili Afghanistan [Ahmad Wali MASOUD]; Hezb-e-Paiwand-e-Mili Afghanistan [Said Mansoor NADIRI]; Hezb-e-Rastakhaiz-e-Islami Mardum-e-Afghanistan [Said ZAHIR]; Hezb-e-Refah-e-Mardum-e-Afghanistan [Mia Gul WASEEQ]; Hezb-e-Risalat-e-Mardum-e-Afghanistan [Noor Aqa ROEEN]; Hezb-e-Sahadat-e-Mardum-e-Afghanistan [Mohammad Zubair PAIROZ]; Hezb-e-Sahadat-e-Mili Wa Islami Afghanistan [Mohammad Usman SALIGZADA]; Hezb-e-Sulh-e-Mili Islami Aqwam-e-Afghanistan [Abdul Qahir SHARYATEE]; Hezb-e-Sulh Wa Wahdat-e-Mili Afghanistan [Abdul Qadir IMAMEE]; Hezb-e-Tafahum-e-Wa Democracy Afghanistan [Ahamad SHAHEEN]; Hezb-e-Wahdat-e-Islami Afghanistan [Mohammad Karim KHALILI]; Hezb-e-Wahdat-e-Islami Mardum-e-Afghanistan [Ustad Mohammad MOHAQQEQ]; Hezb-e-Wahdat-e-Mili Afghanistan [Abdul Rasheed Jalili]; Jamahat-ul-Dahwat ilal Qurhan-wa-Sunat-ul-Afghanistan [Mawlawee Samiullah NAJEEBEE]; Jombesh-e Milli [Abdul Rashid DOSTAM]; Mahaz-e-Mili Islami Afghanistan [Said Ahmad GAILANEE]; Majmah-e-Mili Fahaleen-e-Sulh-e-Afghanistan [Shams ul Haq Noor SHAMS]; Nuhzat-e-Aazadee Wa democracy Afghanistan [Abdul Raqeeb Jawid KUHISTANEE]; Nuhzat-e-Hambastagee Mili Afghanistan [Peer Said Ishaq GAILANEE]; Sazman-e-Islami Afghanistan-e-Jawan [Siad Jawad HUSSAINEE]; Tahreek Wahdat-e-Mili [Sultan Mahmood DHAZI] (30 Sep 2004)

Albania Agrarian Environmentalist Party or PAA [Lufter XHUVELI]; Christian Democratic Party or PDK [Nikolle LESI]; Communist Party of Albania or PKSH [Hysni MILLOSHI]; Democratic Alliance Party or PAD [Neritan CEKA]; Democratic Party or PD [Sali BERISHA]; Legality Movement Party or PLL [Ekrem SPAHIU]; Liberal Union Party or PBL [Arjan STAROVA]; National Front Party (Balli Kombetar) or PBK [Adriatik ALIMADHI]; New Democratic Party or PDR [Genc POLLO]; Party of National Unity or PUK [Idajet BEQIRI]; Renewed Democratic Party or PDR [Dashamir SHEHI]; Republican Party or PR [Fatmir MEDIU]; Social Democracy Party or PDS [Paskal MILO]; Social Democratic Party or PSD [Skender GJINUSHI]; Socialist Movement for Integration or LSI [Ilir META]; Socialist Party or PS (formerly the Albanian Party of Labor) [Fatos NANO]; Union for Human Rights Party or PBDNJ [Vangjel DULE]

Algeria Algerian National Front or FNA [Moussa TOUATI]; Democratic National Rally or RND [Ahmed OUYAHIA, chairman]; Islamic Salvation Front or FIS (outlawed April 1992) [Ali BELHADJ and Dr. Abassi MADANI, Rabeh KEBIR (self-exiled in Germany)]; National Entente Movement or MEN [Ali BOUKHAZNA]; National Liberation Front or FLN [Abdelaziz BELKHADEM, secretary general (also serves as Foreign Minister)]; National Reform Movement or Islah (formerly MRN) [Abdellah DJABALLAH]; National Renewal Party or PRA [Yacine TERKMANE]; Progressive Republican Party [Khadir DRISS]; Rally for Culture and Democracy or RCD [Said SAADI, secretary general]; Renaissance Movement or EnNahda Movement [Fatah RABEI]; Socialist Forces Front or FFS [Hocine Ait AHMED, secretary general (self-exiled in Switzerland)]; Social Liberal Party or PSL [Ahmed KHELIL]; Society of Peace Movement or MSP [Boujerra SOLTANI]; Workers Party or PT [Louisa HANOUN] note: a law banning political parties based on religion was enacted in March 1997

American Samoa Democratic Party [Oreta M. TOGAFAU]; Republican Party [Tautai A. F. FAALEVAO]

Andorra Andorran Democratic Center Party or CDA (formerly Democratic Party or PD) [leader NA]; Liberal Party of Andorra or PLA (formerly Liberal Union or UL) [Albert PINTAT]; Social Democratic Party or PS (formerly part of National Democratic Group or AND) [Mariona GONZALEZ REOLIT]

Angola Liberal Democratic Party or PLD [Analia de Victoria PEREIRA]; National Front for the Liberation of Angola or FNLA [disputed leadership: Lucas NGONDA, Holden ROBERTO]; National Union for the Total Independence of Angola or UNITA [Isaias SAMAKUVA], largest opposition party has engaged in years of armed resistance; Popular Movement for the Liberation of Angola or MPLA [Jose Eduardo DOS SANTOS], ruling party in power since 1975; Social Renewal Party or PRS [disputed leadership: Eduardo KUANGANA, Antonio MUACHICUNGO] note: about a dozen minor parties participated in the 1992 elections but only won a few seats and have little influence in the National Assembly

Anguilla Anguilla United Movement or AUM [Hubert HUGHES]; The Anguilla United Front or AUF [Osbourne FLEMING, Victor BANKS], a coalition of the Anguilla Democratic Party or ADP and the Anguilla National Alliance or ANA; Anguilla Progressive Party or APP [Roy ROGERS]; Anguilla Strategic Alternative or ANSA [Edison BAIRD]

Antigua and Barbuda Antigua Labor Party or ALP [Lester Bryant BIRD]; Barbuda People's Movement or BPM [Thomas H. FRANK]; United Progressive Party or UPP [Baldwin SPENCER] (a coalition of three opposition parties - United National Democratic Party or UNDP, Antigua Caribbean Liberation Movement or ACLM, and Progressive Labor Movement or PLM)

Argentina Action for the Republic or AR [Domingo CAVALLO]; Alternative for a Republic of Equals or ARI [Elisa CARRIO]; Federal Recreate Movement or RECREAR [Ricardo LOPEZ MURPHY]; Front for a Country in Solidarity or Frepaso (a four-party coalition) [Dario Pedro ALESSANDRO]; Interbloque Federal or IF (a broad coalition of approximately 12 parties including RECREAR) [leader NA]; Justicialist Party or PJ (Peronist umbrella political organization) [leader NA]; Radical Civic Union or UCR [Angel ROZAS]; Socialist Party or PS [Ruben GIUSTINIANI]; Union For All [Patricia BULLRICH]; several provincial parties

Armenia Agro-Industrial Party [Vladimir BADALIAN]; Armenia Party [Myasnik MALKHASYAN]; Armenian National Movement or ANM [Alex ARZUMANYAN, chairman]; Armenian Ramkavar Liberal Party or HRAK [Harutyun MIRZAKHANYAN, chairman]; Armenian Revolutionary Federation ("Dashnak" Party) or ARF [Vahan HOVHANISSIAN]; Democratic Party [Aram SARKISYAN]; Justice Bloc (comprised of the Democratic Party, National Democratic Party, National Democratic Union, and the People's Party) [Stepan DEMIRCHYAN]; National Democratic Party [Shavarsh KOCHARIAN]; National Democratic Union or NDU [Vazgen MANUKIAN]; National Unity Party [Artashes GEGAMIAN, chairman]; People's Party of Armenia [Stepan DEMIRCHYAN]; Republic Party [Albert BAZEYAN and Aram SARKISYAN, chairmen]; Republican Party or RPA [Andranik MARKARYAN]; Rule of Law Party [Artur BAGDASARIAN, chairman]; Union of Constitutional Rights [Hrant KHACHATURYAN]; United Labor Party [Gurgen ARSENIAN]

Aruba Aliansa/Aruban Social Movement or MSA [Robert WEVER]; Aruban Liberal Organization or OLA [Glenbert CROES]; Aruban Patriotic Movement or MPA [Monica ARENDS-KOCK]; Aruban Patriotic Party or PPA [Benny NISBET]; Aruban People's Party or AVP [Mike EMAN]; People's Electoral Movement Party or MEP [Nelson O. ODUBER]; Real Democracy or PDR [Andin BIKKER]; RED [Rudy LAMPE]; Workers Political Platform or PTT [Gregorio WOLFF]

Australia Australian Democrats [Lyn ALLISON]; Australian Labor Party [Kim BEAZLEY]; Australian Progressive Alliance [Meg LEES]; Australian Greens [Bob BROWN]; Liberal Party [John Winston HOWARD]; The Nationals [Mark VAILE]; One Nation Party [Len HARRIS]; Family First Party [Steve FIELDING]

Austria Alliance for the Future of Austria or BZOe [Joerg HAIDER]; Austrian People's Party or OeVP [Wolfgang SCHUESSEL]; Freedom Party of Austria or FPOe [Heinz Christian STRACHE]; Social Democratic Party of Austria or SPOe [Alfred GUSENBAUER]; The Greens [Alexander VAN DER BELLEN]

Azerbaijan Azerbaijan Popular Front or APF [Ali KARIMLI, leader of "Reform" faction; Mirmahmud MIRALI-OGLU, leader of "Classic" faction]; Civic Solidarity Party or CSP [Sabir RUSTAMKHANLY]; Civic Union Party [Ayaz MUTALIBOV]; Communist Party of Azerbaijan or CPA [Ramiz AHMADOV]; Compatriot Party [Mais SAFARLI]; Democratic Party for Azerbaijan or DPA [Rasul QULIYEV, chairman]; Justice Party [Ilyas ISMAILOV]; Liberal Party of Azerbaijan [Lala Shovkat HACIYEVA]; Musavat [Isa GAMBAR, chairman]; New Azerbaijan Party or NAP [vacant]; Party for National Independence of Azerbaijan or PNIA [Etibar MAMMADLI, chairman]; Social Democratic Party of Azerbaijan or SDP [Araz ALIZADE and Ayaz MUTALIBOV] note: opposition parties regularly factionalize and form new parties

Bahamas, The Free National Movement or FNM [Tommy TURNQUEST]; Progressive Liberal Party or PLP [Perry CHRISTIE]

Bahrain political parties prohibited but politically oriented societies are allowed

Bangladesh Awami League or AL [Sheikh HASINA]; Bangladesh Communist Party or BCP [Saifuddin Ahmed MANIK]; Bangladesh Nationalist Party or BNP [Khaleda ZIA, chairperson]; Islami Oikya Jote or IOJ [Mufti Fazlul Haq AMINI]; Jamaat-e-Islami or JI [Motiur Rahman NIZAMI]; Jatiya Party or JP (Ershad faction) [Hussain Mohammad ERSHAD]; Jatiya Party (Manzur faction) [Naziur Rahman MANZUR]

Barbados Barbados Labor Party or BLP [Owen ARTHUR]; Democratic Labor Party or DLP [Clyde Mascoll]

Belarus Pro-government parties: Agrarian Party or AP [leader NA]; Belarusian Communist Party or KPB [leader NA]; Belarusian Patriotic Movement (Belarusian Patriotic Party) or BPR [Anatoliy BARANKEVICH, chairman]; Liberal Democratic Party of Belarus [Sergei GAYDUKEVICH]; Social-Sports Party [leader NA]; Opposition parties: Belarusian Popular Front or BNF [Vintsuk VYACHORKA]; Belarusian Social-Democrat Party Narodnaya Gromada or BSDP NG [Nikolay STATKEVICH, chairman]; Belarusian Social-Democratic Party Hromada [Stanislav SHUSHKEVICH, chairman]; United Civic Party or UCP [Anatol LEBEDKO]; Party of Communists Belarusian or PKB [Sergei KALYAKIN, chairman]; Women's Party "Nadezhda" [Valentina MATUSEVICH, chairperson] note: the opposition Belarusian Party of Labor [Aleksandr BUKHVOSTOV] was liquidated in August 2004, but remains active

Belgium Flemish parties: Christian Democrats and Flemish or CD & V [Jo VANDEURZEN]; Flemish Liberal Democrats or VLD [Bart SOMERS]; GROEN! (formerly AGALEV, Flemish Greens) [Vera DUA]; New Flemish Alliance or NVA [Bart DE WEVER]; Socialist Party.Alternative or SP.A [Caroline GENNEZ]; Spirit [Geert LAMBERT] (new party now associated with SP.A); Vlaams Belang (Flemish Interest) or VB [Frank VANHECKE] Francophone parties: Ecolo (Francophone Greens) [Jean-Michel JAVAUX, Evelyne HUYTEBROECK, Claude BROUIR]; Humanist and Democratic Center of CDH [Joelle MILQUET]; National Front or FN [Daniel FERET]; Reformist Movement or MR [Didier REYNDERS]; Socialist Party or PS [Elio DI RUPO]; other minor parties

Belize People's United Party or PUP [Said MUSA]; United Democratic Party or UDP [Dean BARROW, party leader; Douglas SINGH, party chairman]

Benin African Congress for Renewal or DUNYA [Saka SALEY]; African Movement for Democracy and Progress or MADEP [Sefou FAGBOHOUN]; Alliance of the Social Democratic Party or PSD [Bruno AMOUSSOU]; Coalition of Democratic Forces [Gatien HOUNGBEDJI]; Democratic Renewal Party or PRD [Adrien HOUNGBEDJI]; Front for Renewal and Development or FARD-ALAFIA [Jerome Sakia KINA]; Impulse for Progress and Democracy or IPD [Bertin BORNA]; Key Force or FC [leader NA]; Presidential Movement (UBF, MADEP, FC, IDP, and four small parties); Renaissance Party du Benin or PRB [Nicephore SOGLO]; The Star Alliance (Alliance E'toile) [Sacca LAFIA]; Union of Tomorrow's Benin or UBF [Bruno AMOUSSOU] note: approximately 20 additional minor parties

Bermuda Progressive Labor Party or PLP [William Alexander SCOTT]; United Bermuda Party or UBP [Grant GIBBONS]

Bhutan no legal parties

Bolivia Bolivian Socialist Falange or FSB [Romel PANTOJA]; Civic Solidarity Union or UCS [Johnny FERNANDEZ]; Free Bolivia Movement or MBL [Franz BARRIOS]; Marshal of Ayacucho Institutional Vanguard or VIMA [Freddy ZABALA]; Movement of the Revolutionary Left or MIR [Jaime PAZ Zamora]; Movement Toward Socialism or MAS [Evo MORALES]; Movement Without Fear or MSM [Juan DEL GRANADO]; Nationalist Democratic Action or ADN [Jorge Fernando QUIROGA Ramirez]; Nationalist Revolutionary Movement or MNR [leader NA]; New Republican Force or NFR [Manfred REYES-VILLA]; Pachakuti Indigenous Movement or MIP [Felipe QUISPE]; Socialist Party or PS [Jeres JUSTINIANO]

Bosnia and Herzegovina Alliance of Independent Social Democrats or SNSD [Milorad DODIK]; Bosnian Party or BOSS [Mirnes AJANOVIC]; Civic Democratic Party or GDS [Ibrahim SPAHIC]; Croatian Democratic Union of Bosnia and Herzegovina or HDZ-BH [Barisa COLAK]; Croat Christian Democratic Union of Bosnia and Herzegovina or HKDU [Mijo IVANIC-LONIC]; Croat Party of Rights or HSP [Zdravko HRISTIC]; Croat Peasants Party or HSS [Marko TADIC]; Democratic National Union or DNZ [Fikret ABDIC]; Liberal Democratic Party or LDS [Rasim KADIC]; New Croat Initiative or NHI [Kresimir ZUBAK]; Party for Bosnia and Herzegovina or SBiH [Safet HALILOVIC]; Party of Democratic Action or SDA [Sulejman TIHIC]; Party of Democratic Progress or PDP [Mladen IVANIC]; Serb Democratic Party or SDS [Dragan CAVIC - acting]; Serb Radical Party of the Republika Srpska or SRS-RS [Milanko MIHAJLICA]; Serb Radical Party-Dr. Vojislav Seselj or SRS-VS [Radislav KANJERIC]; Social Democratic Party of BIH or SDP [Zlatko LAGUMDZIJA]; Social Democratic Union or SDU [Miro LAZOVIC]; Socialist Party of Republika Srpska or SPRS [Petar DJOKIC]