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San Marino The tourist sector contributes over 50% of GDP. In 2006 more than 2.1 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, which helped bring down the country's $300 million debt burden. In August 2005, Sao Tome signed on to a new 3-year IMF Poverty Reduction and Growth Facility (PRGF) program worth $4.3 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, which are being jointly developed in a 60-40 split with Nigeria. The first production licenses were sold in 2004, though a dispute over licensing with Nigeria delayed Sao Tome's receipt of more than $20 million in signing bonuses for almost a year. Real GDP growth exceeded 4% in 2006, as a result of increases in public expenditures and oil-related capital investment.
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 5.5 million foreign workers play an important role in the Saudi economy, particularly in the oil and service sectors. The government is encouraging private sector growth to lessen the kingdom's dependence on oil and increase employment opportunities for the swelling Saudi population. The government is promoting private sector and foreign participation in the power generation, telecom, natural gas, and petrochemical industries. As part of its effort to attract foreign investment and diversify the economy, Saudi Arabia acceded to the WTO in December 2005 after many years of negotiations. With high oil revenues enabling the government to post large budget surpluses, Riyadh has been able to substantially boost spending on job training and education, infrastructure development, and government salaries.
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 over 5% annually during 1995-2006. 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. High unemployment, however, continues to prompt illegal migrants to flee Senegal in search of better job opportunities in Europe. Senegal was also beset by an energy crisis that caused widespread blackouts in 2006. Senegal still relies heavily upon outside donor assistance. Under the IMF's Highly Indebted Poor Countries (HIPC) debt relief program, Senegal will benefit from eradication of two-thirds of its bilateral, multilateral, and private-sector debt.
Serbia 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 a 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. In November 2001, the Paris Club agreed to reschedule the country's $4.5 billion public debt and wrote off 66% of the debt. In July 2004, the London Club of private creditors forgave $1.7 billion of debt, just over half the total owed. Belgrade has made only minimal progress in restructuring and privatizing its holdings in major sectors of the economy, including energy and telecommunications. It has made halting progress towards EU membership and is currently pursuing a Stabilization and Association Agreement with Brussels. Serbia is also pursuing membership in the World Trade Organization. Unemployment remains an ongoing political and economic problem. The Republic of Montenegro severed its economy from Serbia during the MILOSEVIC era; therefore, the formal separation of Serbia and Montenegro in June 2006 had little real impact on either economy. 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 Serbian dinar are both accepted currencies in Kosovo. While maintaining ultimate oversight, UNMIK continues to work with the EU 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 Kosovo's political and legal relationships has created uncertainty over property rights and hindered the privatization of state-owned assets in Kosovo. Most of Kosovo's population lives in rural towns outside of the largest city, Pristina. Inefficient, near-subsistence farming is common. note: economic data for Serbia currently reflects information for the former Serbia and Montenegro, unless otherwise noted; data for Serbia alone will be added when available
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. Sharp drops 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. Growth turned negative again in 2005-06. 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. Alluvial diamond mining remains the major source of hard currency earnings, accounting for nearly half of Sierra Leone's exports. 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. The IMF has completed a Poverty Reduction and Growth Facility program that helped stabilize economic growth and reduce inflation. A recent increase in political stability has led to a revival of economic activity, such as the rehabilitation of bauxite and rutile mining.
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 four largest West European countries. The economy depends heavily on exports, particularly in consumer electronics and information technology products. 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 (SARS) in 2003, which curbed tourism and consumer spending. Fiscal stimulus, low interest rates, a surge in exports, and internal flexibility led to vigorous growth in 2004-06, with real GDP growth averaging 7% annually. The government hopes to establish a new growth path that will be less vulnerable to the global demand cycle for information technology products - it has attracted major investments in pharmaceuticals and medical technology production - and will continue efforts to establish Singapore as Southeast Asia's financial and high-tech hub.
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. Foreign investment in the automotive sector has been strong. Slovakia's economic growth exceeded expectations in 2001-06, despite the general European slowdown. Unemployment, at an unacceptable 18% in 2003-04, dropped to 10.2% in 2006, but remains the economy's Achilles heel. Slovakia joined the EU on 1 May 2004.
Slovenia With a GDP per capita substantially greater than the other transitioning economies of Central Europe, Slovenia is a model of economic success and stability for its neighbors in the former Yugoslavia. The country, which joined the EU in 2004 and joined the eurozone on 1 January 2007, has excellent infrastructure, a well-educated work force, and an excellent central location. Privatization of the economy proceeded at an accelerated pace in 2002-05. Despite lackluster performance in Europe in 2001-05, 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. In March 2004, Slovenia became the first transition country to graduate from borrower status to donor partner at the World Bank. Despite its economic success, Slovenia faces growing challenges. Much of the economy remains in state hands and foreign direct investment (FDI) in Slovenia is one of the lowest in the EU on a per capita basis. Taxes are relatively high, the labor market is often seen as inflexible, and legacy industries are losing sales to more competitive firms in China, India, and elsewhere. The current center-right government, elected in October 2004, has pledged to accelerate privatization of a number of large state holdings and is interested in increasing FDI in Slovenia. In late 2005, the government's new Committee for Economic Reforms was elevated to cabinet-level status. The Committee's program includes plans for lowering the tax burden, privatizing state-controlled firms, improving the flexibility of the labor market, and increasing the government's efficiency.
Solomon Islands The bulk of the population depends on agriculture, fishing, and forestry for at least part of its 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's efforts to restore law and order and economic stability have led to 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 ban on Somali livestock, due to 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. The SCIC has opened Mogadishu's main port and airport - closed for 15 years - and now controls most of the ports and airfields in southern Somalia. 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. Somalia's arrears to the IMF continued to grow in 2006. Statistics on Somalia's GDP, growth, per capita income, and inflation should be viewed skeptically. In late December 2004, a major tsunami caused an estimated 150 deaths and resulted in destruction of property 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 2003-04 landed 136,262 metric tons, of which 87% (118,166 tons) was krill and 8% (11,182 tons) Patagonian toothfish, compared to 142,555 tons in 2002-03 of which 83% (117,728 tons) was krill and 12% (16,479 tons) Patagonian toothfish (estimated fishing from the area covered by the Convention of the Conservation of Antarctic Marine Living Resources (CCAMLR), which extends slightly beyond the Southern Ocean area). 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 2004-05 Antarctic summer 28,202 tourists, most of them seaborne (approximately 97%), visited the Southern Ocean and Antarctica, compared to 14,762 in 1999-2000.
Spain The Spanish economy boomed from 1986 to 1990, averaging 5% 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 8.7%. Growth averaging 3% annually during 2003-06 was satisfactory given the background of a faltering European economy. The Socialist president, RODRIGUEZ ZAPATERO, has made mixed progress in carrying out key structural reforms, which need to be accelerated and deepened to sustain Spain's strong economic growth. Despite the economy's relative solid footing significant downside risks remain, including Spain's continued loss of competitiveness, the potential for a housing market collapse, the country's changing demographic profile and a decline in EU structural funds.
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 more market-oriented policies, export-oriented trade, and encouragement of foreign investment. Recent changes in government have brought some policy reversals, however. Currently, the ruling Sri Lanka Freedom Party has a more statist economic approach which seeks to reduce poverty by steering investment to disadvantaged areas, developing small and medium enterprises, promoting agriculture, and expanding the already enormous civil service. The government has halted most privatizations. Although suffering a brutal civil war that began in 1983, Sri Lanka saw GDP growth average 4.5% in the last ten years, with a brief interruption during the global downturn in 2001. 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. Growth, partly spurred by reconstruction, reached 5% in 2005 and more than 6% in 2006. Sri Lanka's most dynamic sectors now are food processing, textiles and apparel, food and beverages, port contstruction, telecommunications, and insurance and banking. In 2005, plantation crops made up only about 15% of exports (compared with more than 90% in 1970), while textiles and garments accounted for more than 60%. 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.
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 10% in 2006. Agricultural production remains Sudan's most important sector, employing 80% of the work force, contributing 35% of GDP, and accounting for most of GDP growth, but most farms remain rain-fed and susceptible to drought. Chronic instability - resulting from 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 mining industry, which accounts for more than a third of GDP and subjects government revenues to mineral price volatility. 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. 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, in his first term, implemented an austerity program, raised taxes, and attempted to control spending. Economic policies are likely to remain the same during VENETIAAN's second term. 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, Mearsk, and Occidental. Bidding on these new offshore blocks was completed in July 2006.
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 more than nine-tenths of its imports and to which it sends 60% 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 2004-05 because of drought, and nearly two-fifths of the adult population has been infected by HIV/AIDS.
Sweden Aided by peace and neutrality for the whole of the 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 1% of GDP and 2% of employment. 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 during 2004-06. Presumably because of generous sick-leave benefits, Swedish workers report in sick more often than other Europeans. In September 2003, Swedish voters turned down entry into the euro system, concerned about the impact on the economy 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 safehaven 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 stagnated during the 2001-03 period, improved during 2004-05 to 1.8% annually and to 2.9% in 2006. Even so, unemployment has remained at less than half the EU average.
Syria The Syrian economy grew by an estimated 2.9% in real terms in 2006, led by the petroleum and agricultural sectors, which together account for about one-half of GDP. Higher crude oil prices countered declining oil production and exports and led to higher budgetary and export receipts. Total foreign assets of the Central Bank and domestic banking system rose to about $20 billion in 2006, and the government strengthened the private sector foreign exchange rate by about 7 percent from the start of the year. The Government of Syria has implemented modest economic reforms in the past few years, including cutting interest rates, opening private banks, consolidating some of the multiple exchange rates, and raising prices on some subsidized foodstuffs. Nevertheless, the economy remains highly controlled by the government. Long-run economic constraints include declining oil production and exports, weak investment, and increasing pressure on water supplies caused by heavy use in agriculture, rapid population growth, industrial expansion, and water pollution.
Taiwan Taiwan has a dynamic capitalist economy with gradually decreasing guidance of investment and foreign trade by government authorities. In keeping with this trend, some large, government-owned banks and industrial firms are being privatized. Exports have provided the primary impetus for industrialization. The island runs a trade surplus, and foreign reserves are the world's third largest. Despite restrictions cross-strait links, China has overtaken the US to become Taiwan's largest export market and, in 2006, its second-largest source of imports after Japan. China is also the island's number one destination for foreign direct investment. Strong trade performance in 2006 pushed Taiwan's GDP growth rate above 4%, and unemployment is below 4%. Consumer spending recovered following a slowdown early in 2006, when banks tightened lending to address a sharp increase in delinquent consumer debt.
Tajikistan Tajikistan has one of the lowest per capita GDPs among the 15 former Soviet republics. Only 6% of the land area is arable; cotton is the most important crop. Mineral resources, varied but limited in amount, include silver, gold, uranium, and tungsten. Industry consists only of a large aluminum plant, hydropower facilities, and small obsolete factories mostly in light industry and food processing. The civil war (1992-97) severely damaged the already weak economic infrastructure and caused a sharp decline in industrial and agricultural production. While Tajikistan has experienced steady economic growth since 1997, nearly two-thirds of the population continue to live in abject poverty. Economic growth reached 10.6% in 2004, but dropped to 8% in 2005, and to 7% in 2006. Tajikistan's economic situation, however, remains fragile due to uneven implementation of structural reforms, weak governance, widespread unemployment, and the external debt burden. Continued privatization of medium and large state-owned enterprises could increase productivity. A debt restructuring agreement was reached with Russia in December 2002, including a $250 million write-off of Tajikistan's $300 million debt to Russia. Tajikistan ranks third in the world in terms of water resources per head. A proposed investment to finish the hydropower dams Rogun and Sangtuda I and II would substantially add to electricity production, which could be exported for profit. If finished, Rogun will be the world's tallest dam. In 2006, Tajikistan was the recipient of substantial Shanghai Cooperation Organization infrastructure development credits to improve its roads and electricity transmission network.
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. Long-term growth through 2005 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 2006.
Thailand With a well-developed infrastructure, a free-enterprise economy, and pro-investment policies, Thailand appears to have fully recovered from the 1997-98 Asian Financial Crisis. The country was one of East Asia's best performers in 2002-04. Boosted by increased consumption and strong export growth, the Thai economy grew 6.9% in 2003 and 6.1% in 2004 despite a sluggish global economy. Bangkok has pursued preferential trade agreements with a variety of partners in an effort to boost exports and to maintain high growth. 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. In 2006, investment stagnated as investors, spooked by the Thaksin administration's political problems, stayed on the sidelines. The military coup in September brought in a new economic team, led by the former central bank governor. In December, the Thai Board of Investment reported the value of investment applications from January to November had declined by 27% year-on-year. On the positive side, exports have performed at record levels, rising nearly 17% in 2006. Export-oriented manufacturing - in particular automobile production - and farm output are driving these gains.
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. 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 follow-through on privatization, increased openness in government financial operations, progress toward legislative elections, and continued support from foreign donors. Togo is working with donors to write a PRGF that could eventually lead to a debt reduction plan.
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. The country remains dependent on external aid and remittances from Tongan communities overseas to offset its trade deficit. Tourism is the second-largest source of hard currency earnings following remittances. 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, pressures for democratic reform, 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 a growing trade surplus. Economic growth in 2006 reached 12.6% as prices for oil, petrochemicals, and liquefied natural gas remained high, and foreign direct investment continued 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. Increased rain helped to push GDP growth to an average rate of 5% in 2003-06. However, a recession in agriculture, weak expansion in the tourism and textile sectors, and increasing import costs due to rising world energy prices cut growth to 4% in 2006. Tunisia is gradually removing barriers to trade with the EU. 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 still accounts 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. 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. The economy is turning around with the implementation of economic reforms, and 2004 GDP growth reached 9%, followed by roughly 5% annual growth in 2005-06. Inflation fell to 7.7% in 2005 - a 30-year low, but climbed back to 9.8% in 2006. Despite the strong economic gains in 2002-06, which were largely due to renewed investor interest in emerging markets, IMF backing, and tighter fiscal policy, the economy is still burdened by a high current account deficit and high debt. The public sector fiscal deficit exceeds 6% of GDP - due in large part to high interest payments, which accounted for about 37% of central government spending in 2004. Prior to 2005, foreign direct investment (FDI) in Turkey averaged less than $1 billion annually, but further economic and judicial reforms and prospective EU membership are expected to boost FDI. Privatization sales are currently approaching $21 billion. Oil began to flow through the Baku-Tblisi-Ceyhan pipeline in May 2006, marking a major milestone that will bring up to 1 billion barrels per day from the Caspian to market.
Turkmenistan Turkmenistan is a 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 an almost 50% 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 1998-2005, 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 an average of 15% per year in 2003-06, largely because of higher international oil and gas prices. In 2006, Ashgabat raised its natural gas export prices to its main customer, Russia, from $66 per thousand cubic meters (tcm) to $100 per tcm. Overall prospects in the near future are discouraging because of widespread internal poverty, a poor educational system, government misuse of oil and gas revenues, and Ashgabat's 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, offshore financial services, and fishing. Most capital goods and food for domestic consumption are imported. The US is the leading source of tourists, accounting for more than three-quarters of the 175,000 visitors that arrived in 2004. 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 remittances from seamen on merchant ships abroad. About 1,000 Tuvaluans are being repatriated from Nauru, with the decline of phosphate resources there. 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%. Tuvalu derives around $1.5 million per year from the lease of its ".tv" Internet domain name. 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. 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. Growth in 2003-06 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 was ratified 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. A dispute with Russia over pricing in late 2005 and early 2006 led to a temporary gas cut-off; Ukraine concluded a deal with Russia in January 2006 that almost doubled the price Ukraine pays for Russian gas, and could cost the Ukrainian economy $1.4-2.2 billion. Ukrainian Government officials eliminated most tax and customs privileges in a March 2005 budget law, bringing more economic activity out of Ukraine's large shadow economy, but more improvements are needed, including fighting corruption, developing capital markets, and improving the legislative framework for businesses. 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 growth was 6% in 2006, up from 2.4% in 2005 mainly because of high steel prices worldwide and strong demand for Ukrainian goods. The privatization of the Kryvoryzhstal steelworks in late 2005 produced $4.8 billion in windfall revenue for the government. Some of the proceeds were used to finance the budget deficit, some to recapitalize two state banks, some to retire public debt, and the rest may be used to finance future deficits. Although the economy is likely to expand in 2007, long-term growth could be threatened by the government's plans to reinstate tax, trade, and customs privileges and to maintain restrictive grain export quotas.
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. 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. Higher oil revenue, strong liquidity, and cheap credit in 2005-06 led to a surge in asset prices (shares and real estate) and consumer inflation. Rising prices are increasing the operating costs for businesses in the UAE and degrading the UAE's allure to foreign investors. Dependence on a large expatriate workforce and oil are significant long-term challenges to the UAE's economy.
United Kingdom The UK, a leading trading power and financial center, is one of the quintet 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, then slowed to 1.7% in 2005 and 2.6% in 2006. 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 public opinion polls show a majority of Britons are 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 and a widening public deficit.
United States The US has the largest and most technologically powerful economy in the world, with a per capita GDP of $43,500. 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 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 enter their rivals' home markets than foreign firms face entering 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 2004-06 was undergirded by substantial gains in labor productivity. Hurricane Katrina caused extensive damage in the Gulf Coast region in August 2005, but had a small impact on overall GDP growth for the year. Soaring oil prices in 2005 and 2006 threatened inflation and unemployment, yet the economy continued to grow through year-end 2006. Imported oil accounts for about two-thirds of US consumption. 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.
United States Pacific Island Wildlife Refuges no economic activity
Uruguay Uruguay's well-to-do economy is characterized by an export-oriented agricultural sector, a well-educated work force, 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 Argentina made massive withdrawals of dollars deposited in Uruguayan banks, which led to a plunge in the Uruguayan 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 banking crisis. The unemployment rate rose to nearly 20% in 2002, inflation surged, and the burden of external debt doubled. Cooperation with the IMF helped stem the damage. A debt swap with private-sector creditors in 2003 extended the maturity dates on nearly half of Uruguay's then $11.3 billion of public debt and helped restore public confidence. The economy grew about 12% in 2004 as a result of high commodity prices for Uruguayan exports, a competitive peso, growth in the region, and low international interest rates, and it continued to grow nearly 7% annually in 2005 and 2006.
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 and fifth largest producer; it relies heavily on cotton production as the major source of export earnings. Other major export earners include gold, natural gas, and oil. Following independence in September 1991, the government sought to prop up its Soviet-style command economy with subsidies and tight controls on production and prices. While aware of the need to improve the investment climate, the government still sponsors measures that often increase, not decrease, its 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. The Central Bank often delays or restricts convertibility, especially for consumer goods. Potential investment by Russia and China in Uzbekistan's gas and oil industry would increase economic growth prospects. In November 2005, Russian President Vladimir PUTIN and Uzbekistan President KARIMOV signed an "alliance" treaty, which included provisions for economic and business cooperation. Russian businesses have shown increased interest in Uzbekistan, especially in mining, telecom, and oil and gas. In December 2005, the Russians opened a "Trade House" to support and develop Russian-Uzbek business and economic ties.
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 more than 60,000 visitors in 2005, 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 through improved air connections, resort development, and cruise ship facilities. 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 remains highly dependent on oil revenues, which account for roughly 90% of export earnings, more than 50% of the federal budget revenues, and around 30% of GDP. Tax collection-Venezuela's primary source of non-oil revenue-is expected to surpass $23 billion in 2006, exceeding the yearend collection goal by more than 20%. A nationwide strike between December 2002 and February 2003 had far-reaching economic consequences - real GDP declined by around 9% in 2002 and 8% in 2003 - but economic output since then has recovered strongly. Fueled by higher oil prices, record government spending helped to boost GDP growth in 2004 and 2005 to approximately 18% and 11%, respectively. Economic growth in 2006 reached around 9%. This spending, combined with recent minimum wage hikes and improved access to domestic credit, has fueled a consumption boom - car sales in 2006 increased by around 70% - but has come at the cost of higher inflation. Despite government attempts to withdraw liquidity from the economy, Venezuela's money supply set a record in June 2006, approximately 70% higher than the previous year. Imports have also jumped significantly.
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 toward a market-oriented economy. GDP growth averaged 6.8% per year from 1997 to 2004 even against the background of the Asian financial crisis and a global recession, and growth hit 8% in 2005 and 7.8% in 2006. 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. Vietnam's membership in the ASEAN Free Trade Area (AFTA) and entry into force of the US-Vietnam Bilateral Trade Agreement 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 joined the World Trade Organization in January 2007. This should provide an important boost to the economy and should help to ensure the continuation of liberalizing reforms. 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. Agriculture's share of economic output has continued to shrink, from about 25% in 2000 to 20% in 2006. Deep poverty, defined as a percent of the population living under $1 per day, has declined significantly and is now smaller than that of China, India, and the Philippines. Vietnam is working to promote job creation to keep up with the country's high population growth rate. However, high levels of inflation have prompted Vietnamese authorities to tighten monetary and fiscal policies. Hanoi is targeting an economic growth rate between 7.5 and 8% over the next five years.
Virgin Islands Tourism is the primary economic activity, accounting for 80% of GDP and employment. The islands hosted 2.6 million visitors in 2005. The manufacturing sector consists of petroleum refining, textiles, electronics, pharmaceuticals, and watch assembly. One of the world's largest petroleum refineries is at Saint Croix. The agricultural sector is small, with most food being imported. International business and financial services are small but growing components of the economy. The islands are vulnerable 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 military personnel and 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% of 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 Palestinian Authority (PA) - has experienced a general decline in economic conditions since the second intifadah began in September 2000. The downturn has been largely the result of Israeli closure policies - the imposition of border closures in response to security incidents in Israel - which disrupted labor and trading relationships. In 2001, and even more severely in 2002, Israeli military measures in PA areas resulted in the destruction of capital, the disruption of administrative structures, and widespread business closures. International aid of at least $1.14 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. In 2005, high unemployment and limited trade opportunities - due to continued closures both within the West Bank and externally - stymied growth. Israel's and the international community's financial embargo of the PA since HAMAS took office in March 2006 has interrupted the provision of PA social services and the payment of PA salaries.
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. Incomes in Western Sahara are substantially below the Moroccan level. The Moroccan Government controls all trade and other economic activities in Western Sahara. Morocco and the European Union signed a four-year agreement in July 2006 allowing European vessels to fish off the coast of Morocco, including the disputed waters off the coast of Western Sahara. Moroccan energy interests in 2001 signed contracts to explore for oil off the coast of Western Sahara, which has angered the Polisario. However, in 2006, the Polisario awarded similar exploration licenses in the disputed territory, which would come into force if Morocco and the Polisario resolve their dispute over Western Sahara.
World Global output rose by 4.4% in 2005, led by China (9.3%), India (7.6%), and Russia (5.9%). 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 no gain for Italy to a strong gain by the United States (3.5%). 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 EU. 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 80 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 accentuated 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 through 2006.
Yemen Yemen, one of the poorest countries in the Arab world, reported average annual growth of 3.5% from 2000 through 2006. Its economic fortunes depend mostly on oil. Oil revenues probably increased in 2006 as a result of higher prices. Yemen was on an IMF-supported structural adjustment program designed to modernize and streamline the economy, which led to substantial foreign debt relief and restructuring. However, government dedication to the program waned in 2001 for political reasons. Yemen is struggling to control excessive spending and rampant corruption. Yemen is dependent on foreign aid to finance its budget deficits and development projects. In November, Yemen secured $4.7 billion in assistance from Arabian Gulf and Western donors.
Zambia Despite progress in privatization and budgetary reform, Zambia's economic growth in 2005-06 remained somewhat below the 6%-7% per year 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 has increased steadily since 2004, due to higher copper prices and the opening of new mines. The maize harvest was again good in 2005, 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 of 2004. A tighter monetary policy will help cut inflation, but Zambia still has a serious problem with high public debt.
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 drained hundreds of millions of dollars from the economy. 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, turning Zimbabwe into a net importer of food products. Badly needed support from the IMF has been suspended because of the government's arrears on past loans, which it began repaying in 2005. The official annual inflation rate rose from 32% in 1998, to 133% in 2004, 585% in 2005, and approached 1000% in 2006, although private sector estimates put the figure much higher. Meanwhile, the official exchange rate fell from approximately 1 (revalued) Zimbabwean dollar per US dollar in 2003 to 250 per US dollar in August 2006.
This page was last updated on 8 February, 2007
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@2117 Pipelines (km)
Afghanistan gas 466 km (2006)
Albania gas 339 km; oil 207 km (2006)
Algeria condensate 1,344 km; gas 85,946 km; liquid petroleum gas 2,213 km; oil 6,496 km (2005)
Angola gas 235 km; liquid petroleum gas 122 km; oil 867 km; oil/gas/water 5 km (2006)
Argentina gas 29,804 km; liquid petroleum gas 41 km; oil 10,373 km; refined products 8,540 km; unknown (oil/water) 13 km (2006)
Armenia gas 2,002 km (2006)
Australia condensate/gas 546 km; gas 31,323 km; liquid petroleum gas 240 km; oil 4,808 km; oil/gas/water 110 km (2006)
Austria gas 2,722 km; oil 663 km; refined products 149 km (2006)
Azerbaijan gas 3,190 km; oil 2,436 km (2006)
Bahrain gas 20 km; oil 52 km (2006)
Bangladesh gas 2,604 km (2006)
Belarus gas 5,223 km; oil 2,321 km; refined products 1,686 km (2006)
Belgium gas 1,561 km; oil 158 km; refined products 535 km (2006)
Bolivia gas 4,860 km; liquid petroleum gas 47 km; oil 2,475 km; refined products 1,589 km; unknown (oil/water) 247 km (2006)
Brazil condensate/gas 244 km; gas 11,669 km; liquid petroleum gas 341 km; oil 5,212 km; refined products 4,755 km (2006)
Brunei gas 672 km; oil 463 km (2006)
Bulgaria gas 2,505 km; oil 339 km; refined products 156 km (2006)
Burma gas 2,224 km; oil 558 km (2006)
Cameroon gas 70 km; liquid petroleum gas 9 km; oil 1,107 km (2006)
Canada crude and refined oil 23,564 km; liquid petroleum gas 74,980 km (2005)
Chad oil 205 km (2006)
Chile gas 2,567 km; gas/lpg 42 km; liquid petroleum gas 539 km; oil 1,003 km; refined products 757 km; unknown (oil/water) 97 km (2006)
China gas 22,664 km; oil 15,256 km; refined products 6,106 km (2006)
Colombia gas 4,360 km; oil 6,140 km; refined products 3,158 km (2006)
Congo, Democratic Republic of the gas 54 km; oil 78 km (2006)
Congo, Republic of the gas 89 km; liquid petroleum gas 4 km; oil 744 km (2006)
Costa Rica refined products 242 km (2006)
Cote d'Ivoire condensate 109 km; gas 240 km; oil 112 km (2006)
Croatia gas 1,340 km; oil 583 km (2006)
Cuba gas 49 km; oil 230 km (2006)
Czech Republic gas 7,010 km; oil 547 km; refined products 94 km (2006)
Denmark condensate 12 km; gas 3,931 km; oil 626 km; oil/gas/water 2 km (2006)
Ecuador extra heavy crude 578 km; gas 71 km; oil 1,386 km; refined products 1,185 km (2006)
Egypt condensate 464 km; condensate/gas 94 km; gas 6,021 km; liquid petroleum gas 897 km; oil 5,120 km; oil/gas/water 36 km; refined products 897 km (2006)
Equatorial Guinea condensate 46 km; condensate/gas 5 km; gas 47 km; oil 31 km (2006)
Estonia gas 859 km (2006)
Finland gas 694 km (2006)
France gas 14,588 km; oil 3,024 km; refined products 4,889 km (2006)
Gabon gas 272 km; oil 1,354 km (2006)
Georgia gas 1,349 km; oil 1,010 km (2006)
Germany condensate 37 km; gas 25,035 km; oil 3,546 km; refined products 3,827 km (2006)
Ghana oil 13 km; refined products 316 km (2006)
Greece gas 1,166 km; oil 94 km (2006)
Guatemala oil 480 km (2006)
Hungary gas 4,397 km; oil 990 km; refined products 335 km (2006)
India condensate/gas 8 km; gas 5,184 km; liquid petroleum gas 1,993 km; oil 6,500 km; refined products 6,152 km (2006)
Indonesia condensate 944 km; condensate/gas 135 km; gas 9,175 km; oil 7,684 km; oil/gas/water 89 km; refined products 1,367 km (2006)
Iran condensate 7 km; condensate/gas 397 km; gas 17,099 km; liquid petroleum gas 570 km; oil 8,521 km; refined products 7,808 km (2006)
Iraq gas 2,228 km; liquid petroleum gas 918 km; oil 5,506 km; refined products 1,637 km (2006)
Ireland gas 1,728 km (2006)
Israel gas 193 km; oil 442 km; refined products 261 km (2006)
Italy gas 17,589 km; oil 1,136 km (2006)
Japan gas 8,015 km; oil 170 km; oil/gas/water 60 km (2006)
Jordan gas 426 km; oil 49 km (2006)
Kazakhstan condensate 658 km; gas 11,019 km; oil 10,338 km; refined products 1,095 km (2006)
Kenya refined products 894 km (2006)
Korea, North oil 154 km (2006)
Korea, South gas 1,482 km; refined products 827 km (2006)
Kuwait gas 269 km; oil 540 km; refined products 57 km (2006)
Kyrgyzstan gas 254 km; oil 16 km (2006)
Laos refined products 540 km (2006)
Latvia gas 1,097 km; oil 82 km; refined products 415 km (2006)
Lebanon gas 43 km (2006)
Libya condensate 882 km; gas 3,481 km; oil 6,916 km (2006)
Liechtenstein gas 20 km (2006)
Lithuania gas 1,696 km; oil 228 km; refined products 121 km (2006)
Luxembourg gas 155 km (2006)
Macedonia gas 268 km; oil 120 km (2006)
Malaysia condensate 282 km; gas 5,372 km; oil 1,715 km; oil/gas/water 19 km; refined products 114 km (2006)
Mexico gas 22,705 km; liquid petroleum gas 1,875 km; oil 8,688 km; oil/gas/water 228 km; refined products 6,520 km (2006)
Moldova gas 606 km (2006)
Morocco gas 715 km; oil 285 km (2006)
Mozambique gas 918 km; refined products 294 km (2006)
Netherlands condensate 81 km; gas 7,229 km; oil 578 km; refined products 716 km (2006)
New Zealand condensate 224 km; gas 1,693 km; liquid petroleum gas 45 km; oil 280 km; refined products 288 km (2006)
Nicaragua oil 54 km (2006)
Nigeria condensate 126 km; gas 2,812 km; liquid petroleum gas 125 km; oil 4,278 km; refined products 3,517 km (2006)
Norway condensate 508 km; gas 5,910 km; oil 2,557 km; oil/gas/water 746 km (2006)
Oman gas 4,072 km; oil 3,405 km (2006)
Pakistan gas 10,257 km; oil 2,001 km (2006)
Papua New Guinea oil 264 km (2006)
Peru gas 983 km; gas/lpg 61 km; liquid natural gas 106 km; liquid petroleum gas 517 km; oil 1,754 km; refined products 13 km (2006)
Philippines gas 565 km; oil 135 km; refined products 105 km (2006)
Poland gas 13,552 km; oil 1,384 km; refined products 777 km (2006)
Portugal gas 1,099 km; oil 8 km; refined products 174 km (2006)
Qatar condensate 319 km; condensate/gas 209 km; gas 1,024 km; liquid petroleum gas 87 km; oil 844 km (2006)
Romania gas 3,508 km; oil 2,427 km (2006)
Russia condensate 122 km; gas 156,285 km; oil 72,283 km; refined products 13,658 km (2006)
Saudi Arabia condensate 212 km; gas 1,880 km; liquid petroleum gas 1,183 km; oil 4,531 km; refined products 1,150 km (2006)
Senegal gas 43 km (2006)
Serbia gas 3,177 km; oil 393 km (2006)
Singapore gas 139 km; refined products 8 km (2006)
Slovakia gas 6,769 km; oil 416 km (2006)
Slovenia gas 2,526 km; oil 11 km (2006)
South Africa condensate 100 km; gas 1,062 km; oil 966 km; refined products 1,354 km (2006)
Spain gas 7,962 km; oil 622 km; refined products 3,447 km (2006)
Sudan gas 156 km; oil 3,930 km; refined products 1,613 km (2006)
Suriname oil 51 km (2006)
Sweden gas 798 km (2006)
Switzerland gas 1,831 km; oil 94 km; refined products 7 km (2006)
Syria gas 2,764 km; oil 2,000 km (2006)
Taiwan condensate 25 km; gas 661 km (2006)
Tajikistan gas 549 km; oil 38 km (2006)
Tanzania gas 254 km; oil 872 km (2006)
Thailand gas 3,760 km; refined products 379 km (2006)
Trinidad and Tobago condensate 253 km; gas 1,278 km; oil 571 km (2006)
Tunisia gas 2,945 km; oil 1,227 km; refined products 351 km (2006)
Turkey gas 4,621 km; oil 3,543 km (2006)
Turkmenistan gas 6,441 km; oil 1,361 km (2006)
Ukraine gas 19,951 km; oil 4,514 km; refined products 4,211 km (2006)
United Arab Emirates condensate 520 km; gas 2,580 km; liquid petroleum gas 300 km; oil 2,950 km; oil/gas/water 5 km; refined products 156 km (2006)
United Kingdom condensate 565 km; condensate/gas 6 km; gas 21,575 km; liquid petroleum gas 59 km; oil 5,094 km; oil/gas/water 161 km; refined products 4,444 km (2006)
United States petroleum products 244,620 km; natural gas 548,665 km (2003)
Uruguay gas 257 km; oil 160 km (2006)
Uzbekistan gas 9,594 km; oil 868 km (2006)
Venezuela extra heavy crude 992 km; gas 5,369 km; oil 7,607 km; refined products 1,681 km; unknown (oil/water) 141 km (2006)
Vietnam condensate/gas 432 km; gas 163 km; oil 50 km; refined products 206 km (2006)
Yemen gas 71 km; liquid petroleum gas 22 km; oil 1,284 km (2006)
Zambia oil 771 km (2006)
Zimbabwe refined products 261 km (2006)
This page was last updated on 8 February, 2007
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@2118 Political parties and leaders
Afghanistan note - includes only political parties approved by the Ministry of Justice; De Afghan Watan Islami Gond [Mohammad Osman SALEKZADA]; De Afghanistan De Mili Mubarizeeno Islami Gond [Amanat NINGARHAREE]; De Afghanistan De Mili Wahdat Wolesi Tahreek [Abdul Hakim NOORZAI]; De Afghanistan De Solay Ghorzang Gond [Shahnawaz TANAI]; De Afghanistan De Solay Mili Islami Gond [Shah Mohammood Popal ZAI]; Hezb-e Esteqlal-e-Mili Afghanistan [Taj Mohammad WARDAK]; Hezb-e Hambastagee Mili Aqwam-e-Afghanistan [Mohammad Zarif NASERI]; Hezb-e Harakat-e-Islami-e-Afghanistan [Mohammad Ali JAWID]; Hezb-e Jamihat-e-Islami [Ustad RABBANI]; Hezb-e Paiwand Mihahani Afghanistan [Sayed Kamal SADAT]; Hezb-e-Aarman-e-Mardom-e-Afghanistan [Ilhaj Saraj-u-din ZAFAREE]; Hezb-e-Aazaadi Khwahan Maihan [Abdul Hadi DABEER]; Hezb-e-Aazadee Khwahan Mardom-e-Afghanistan [Feda Mohammad EHSAS]; Hezb-e-Adalat-e-Islami Afghanistan [Mohammad Kabir MARZBAN]; Hezb-e-Afghan Melat [Anwarul Haq AHADI]; Hezb-e-Afghanistan-e-Naween [Mohammad Yunis QANUNI]; Hezb-e-Afghanistan-e-Wahid [Mohammad Wasil RAHIMEE]; Hezb-e-Azadee-e-Afghanistan [Ilaj Abdul MALEK]; Hezb-e-Democracy Afghanistan [Tawos ARAB]; Hezb-e-Domcrat-e-Afghanistan [Abdul Kabir RANJBAR]; Hezb-e-Eatedal-e-Mili Islami-e-Afghanistan [Qara Bik Eized YAAR]; Hezb-e-Eqtedar-e-Mili [Sayed Mustafa KAZEMI]; Hezb-e-Falah-e-Mardom-e-Afghanistan [Ustad Mohammad ZAREEF]; Hezb-e-Hambastagee Mili Jawanan-e-Afghanistan [Mohammad Jamil KARZAI]; Hezb-e-Hambastagee-e-Afghanistan [Abdul Khaleq NEMAT]; Hezb-e-Harakat-e-Islami Mardom-e-Afghanistan [Ilhaj Said Hussain ANWARY]; Hezb-e-Harakat-e-Mili Wahdat-e-Afghanistan [Mohammad Nadir AATASH]; Hezb-e-Ifazat Az Uqooq-e-Bashar Wa Inkishaf-e-Afghanistan [Baryalai NASRATI]; Hezb-e-Islami-e-Afghanistan-e-Jawan [Sayed Jawad HUSSINEE]; Hezb-e-Isteqlal-e-Afghanistan [Dr. Ghulam Farooq NEJRABEE]; Hezb-e-Jamahat-ul-Dawat ilal Quran-wa-Sunat-e-Afghanistan [Mawlawee Samiullah NAJEEBEE]; Hezb-e-Jamhoree Khwahane-Afghanistan [Sebghatullah SANJAR]; Hezb-e-Junbish Democracy Mardom-e-Afghanistan [Sharif NAZARI]; Hezb-e-Junbish Mili Islami-e-Afghanistan [Sayed NOORULLAH]; Hezb-e-Kangra-e-Mili-e-Afghanistan [Abdul Latif PEDRAM]; Hezb-e-Kar Wa Tawsiha-e-Afghanistan [Zulfiqar OMID]; Hezb-e-Lebral-e-Aazadee Khwa-e-Afghanistan [Ajmal SUHAIL]; Hezb-e-Majmeh Mili Faleen-Sulh-e-Afghanistan [Shamsul Haq Noor SHAMS]; Hezb-e-Mardom-e-Afghanistan [Ahmad Shah ASAR]; Hezb-e-Mardom-e-Mosalman-e-Afghanistan [Besmellah JOYAN]; Hezb-e-Mili Afghanistan [Abdul Rashid ARYAN]; Hezb-e-Mili Heward [GHULAM MOHAMMAD]; Hezb-e-Mili Islami-e-Afghanistan [Rohullah LOUDIN]; Hezb-e-Mili Wahdat-e-Aqwam-e-Islami-e-Afghanistan [Mohammad Shah KHOGYANI]; Hezb-e-Mutahed Mili [Noorul Haq ULOOMI]; Hezb-e-Nahzat-e-Aazadee Wa Democracy-e-Afghanistan [Abdul Raqib Jawid KOHISTANEE]; Hezb-e-Nahzat-e-Hambastagee Mili-e-Afghanistan [Pir Sayed Eshaq GAILANEE]; Hezb-e-Nakhbagan-e-Mardom-e-Afghanistan [Abdul Hamid JAWAD]; Hezb-e-Paiwand Mili Afghanistan [Sayed Mansoor NADREEI]; Hezb-e-Rastakhaiz-e-Mardom-e-Afghanistan [Sayed Zahir Qayed Omul BELADI]; Hezb-e-Refah-e-Afghanistan [Meer Asef ZAEEFI]; Hezb-e-Refah-e-Mardom-e-Afghanistan [Mia Gul WASIQ]; Hezb-e-Refah-e-Mili Afghanistan [Mohammad Hassan JAHFAREE]; Hezb-e-Resalat-e-Mardom-e-Afghanistan [Noor Aqa ROEENE]; Hezb-e-Sahadat-e-Mardom-e-Afghanistan [Mohammad Zubair PAIROZ]; Hezb-e-Sahadat-e-Mili Islami-e-Afghanistan [Mohammad Osman SALEKZADA]; Hezb-e-Subat-e-Mili Islami-e-Afghanistan [Mohammad Same KHAROTI]; Hezb-e-Sulh Wa Wahdat-e-Mili-e-Afghanistan [Gulabuddin Shir ZAEE]; Hezb-e-Sulh-e-Mili Islami Aqwam-e-Afghanistan [Abdul Qaher SHARIATEE]; Hezb-e-Tafahum Wa Democracy-e-Afghanistan [Ahamad SHAHEEN]; Hezb-e-Tahreek Wahdat-e-Mili-e-Afghanistan [Sultan Mohammad GHAZI]; Hezb-e-Tahreek Wahdat-ul-Musimeen Afghanistan [Wazir Mohammad WAHDAT]; Hezb-e-Tanzim Jabha Mili Nejat-e-Afghanistan [Seghatullah MOJADDEDI]; Hezb-e-Taraqee Democrat Afghanistan [Wali ARYA]; Hezb-e-Taraqee Mili Afghanistan [Dr. Aref BAKTASH]; Hezb-e-Umat-e-Islam-e-Afghanistan [Toran Noor Aqa Ahmad ZAI]; Hezb-e-Wahdat-e-Islami Mardom-e-Afghanistan [Ustad Mohammad MOHAQQEQ]; Hezb-e-Wahdat-e-Islami-e-Afghanistan [Mohammad Karim KHALILI]; Hezb-e-Wahdat-e-Islami-e-Melat-e-Afghanistan [Qurban Ali URFANI]; Hezb-e-Wahdat-e-Mili Afghanistan [Abdul Rashid JALILI]; Hezb-e-Wahdat-e-Mili Islami-e-Afghanistan [Mohammad AKBAREE]; Mahaz-e-Mili Islami Afghanistan [Pir Sayed Ahmad GAILANEE]; Mili Dreez Gong [Habibullah JANBDAD]; Nahzat-e-Hakemyat-e-Mardom-e-Afghanistan [Hayatullah SUBHANEE]; Nahzat-e-Mili Afghanistan [Ahmad Wali MASOOUD]; Tanzim Daawat-e-Islami-e-Afghanistan [Abdul Rasoul SAYYAF]; (20 August 2005)
Albania Agrarian Environmentalist Party or PAA [Lufter XHUVELI]; Christian Democratic Party or PDK [Nard NDOKA]; Communist Party of Albania or PKSH [Hysni MILLOSHI]; Democratic Alliance Party or AD [Neritan CEKA]; Democratic Party or PD [Sali BERISHA]; Legality Movement Party or PLL [Ekrem SPAHIU]; Liberal Union Party or BLD [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 PDRN [Dashamir SHEHI]; Republican Party or PR [Fatmir MEDIU]; Social Democracy Party of Albania or PDSSh [Paskal MILO]; Social Democratic Party or PSD [Skender GJINUSHI]; Socialist Movement for Integration or LSI [Ilir META]; Socialist Party or PS [Edi RAMA]; Union for Human Rights Party or PBDNj [Vangjel DULE]
Algeria Algerian National Front or FNA [Moussa TOUATI]; National Democratic Rally (Rassemblement National Democratique) or RND [Ahmed OUYAHIA, secretary general]; Islamic Salvation Front or FIS (outlawed April 1992) [Ali BELHADJ, Dr. Abassi MADANI, Rabeh KEBIR]; National Entente Movement or MEN [Ali BOUKHAZNA]; National Liberation Front or FLN [Abdelaziz BELKHADEM, secretary general]; 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 SADI]; Renaissance Movement or EnNahda Movement [Fatah RABEI]; Socialist Forces Front or FFS [Hocine Ait AHMED, secretary general]; Social Liberal Party or PSL [Ahmed KHELIL]; Society of Peace Movement or MSP [Boudjerra 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); Century 21 or S21 [Enric TARRADO]; Liberal Party of Andorra or PLA (formerly Liberal Union or UL) [Albert PINTAT SANTOLARIA]; Social Democratic Party or PS (formerly part of National Democratic Group or AND) [Jaume BARTUMEU CASSANY]
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); 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; they and the other 115 smaller parties 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]; Barbudans for a Better Barbuda [Ordrick SAMUEL]; Barbuda People's Movement or BPM [Thomas H. FRANK]; Barbuda People's Movement for Change [Arthur NIBBS]; National Democratic Congress [Tillman THOMAS]; United Progressive Party or UPP [Baldwin SPENCER] (a coalition of three parties - Antigua Caribbean Liberation Movement or ACLM, Progressive Labor Movement or PLM, United National Democratic Party or UNDP)
Argentina Affirmation for an Egalitarian Republic or ARI [Elisa CARRIO]; Front for Victory or FV [Nestor KIRCHNER]; Interbloque Federal or IF (a broad coalition of approximately 12 parties including PRO); Justicialist Front or FJ [leader NA]; Justicialist Party or PJ (Peronist umbrella political organization); Radical Civic Union or UCR [Gerardo MORALES]; Republican Proposal or PRO (including Federal Recreate Movement or RECREAR [Ricardo LOPEZ MURPHY] and Commitment for Change or CPC [Mauricio MACRI]); Socialist Party or PS [Ruben GIUSTINIANI]; Union For All [Patricia BULLRICH]; several provincial parties
Armenia Agro-Industrial Party [Vladimir BADALYAN]; Armenia Party (Hayastan) [Myasnik MALKHASYAN]; Armenian National Movement or ANM [Artashes ZURABYAN]; Armenian Ramkavar Liberal Party or HRAK [Harutyun MIRZAKHANYAN, chairman]; Armenian Revolutionary Federation ("Dashnak" Party) or ARF [Hrant MARKARYAN]; Democratic Party [Aram SARKISYAN]; Justice Bloc (comprised of the Democratic Party, National Democratic Party, National Democratic Union, the People's Party, and the Republic Party) [Stepan DEMIRCHYAN]; National Democratic Party [Shavarsh KOCHARIAN]; National Democratic Union or NDU [Vazgen MANUKIAN]; National Revival Party [Albert BAZEYAN]; National Unity Party [Artashes GEGHAMYAN, chairman]; People's Party of Armenia [Stepan DEMIRCHYAN]; Republic Party [Aram SARKISYAN, chairman]; Republican Party or RPA [Andranik MARGARYAN]; Rule of Law Party [Artur BAGHDASARYAN]; Union of Constitutional Rights [Hrant KHACHATURYAN]; United Labor Party [Gurgen ARSENYAN] |
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