Chapter 17
Economy--overview: Bermuda enjoys one of the highest per capita incomes in the world, having successfully exploited its location by providing financial services for international firms and luxury tourist facilities for 360,000 visitors annually. The tourist industry, which accounts for an estimated 28% of GDP, attracts 84% of its business from North America. The industrial sector is small, and agriculture is severely limited by a lack of suitable land. About 80% of food needs are imported. International business contributes over 60% of Bermuda's economic output; a failed independence vote in late 1995 can be partially attributed to Bermudian fears of scaring away foreign firms.
GDP: purchasing power parity--$1.9 billion (1997 est.)
GDP--real growth rate: 3% (1997 est.)
GDP--per capita: purchasing power parity?$30,000 (1997 est.)
GDP--composition by sector: agriculture: NA% industry: NA% services: NA%
Population below poverty line: NA%
Household income or consumption by percentage share: lowest 10%: NA% highest 10%: NA%
Inflation rate (consumer prices): 2.1% (1997)
Labor force: 35,296 (1997)
Labor force--by occupation: clerical 23%, services 22%, laborers 17%, professional and technical 17%, administrative and managerial 12%, sales 7%, agriculture and fishing 2% (1996)
Unemployment rate: NEGL% (1995)
Budget: revenues: $504.6 million expenditures: $537 million, including capital expenditures of $75 million (FY97/98)
Industries: tourism, finance, insurance, structural concrete products, paints, perfumes, pharmaceuticals, ship repairing
Industrial production growth rate: NA%
Electricity--production: 480 million kWh (1996)
Electricity--production by source: fossil fuel: 100% hydro: 0% nuclear: 0% other: 0% (1996)
Electricity--consumption: 480 million kWh (1996)
Electricity--exports: 0 kWh (1996)
Electricity--imports: 0 kWh (1996)
Agriculture--products: bananas, vegetables, citrus, flowers; dairy products
Exports: $57 million (1997)
Exports--commodities: reexports of pharmaceuticals
Exports--partners: Netherlands 50%, Brazil 13%, Canada 6% (1996)
Imports: $617 million (1997)
Imports--commodities: miscellaneous manufactured articles, machinery and transport equipment, food and live animals, chemicals
Imports--partners: US 73%, UK 5%, Canada 4% (1996 est.)
Debt--external: $NA
Economic aid--recipient: $27.9 million (1995)
Currency: 1 Bermudian dollar (Bd$) = 100 cents
Exchange rates: Bermudian dollar (Bd$) per US$1--1.0000 (fixed rate)
Fiscal year: 1 April--31 March
Communications
Telephones: 54,000 (1991 est.)
Telephone system: domestic: modern, fully automatic telephone system international: 3 submarine cables; satellite earth stations--3 Intelsat (Atlantic Ocean)
Radio broadcast stations: AM 3, FM 3, shortwave 0
Radios: 78,000 (1992 est.)
Television broadcast stations: 3 (1997)
Televisions: 57,000 (1992 est.)
Transportation
Railways: 0 km
Highways: total: 225 km paved: 225 km unpaved: 0 km (1997 est.) note: in addition, there are 232 km of paved and unpaved roads that are privately owned
Ports and harbors: Hamilton, Saint George
Merchant marine: total: 97 ships (1,000 GRT or over) totaling 4,647,576 GRT/7,612,686 DWT ships by type: bulk 18, cargo 3, chemical tanker 1, container 20, liquefied gas tanker 7, oil tanker 27, refrigerated cargo 15, roll-on/roll-off cargo 4, short-sea passenger 2 note: a flag of convenience registry; includes ships from 11 countries among which are UK 24, Canada 12, Hong Kong 11, US 11, Nigeria 4, Sweden 4, Norway 3, and Switzerland 2 (1998 est.)
Airports: 1 (1998 est.)
Airports--with paved runways: total: 1 2,438 to 3,047 m: 1 (1998 est.)
Military
Military branches: Bermuda Regiment, Bermuda Police Force, Bermuda Reserve Constabulary
Military expenditures--dollar figure: $NA
Military expenditures--percent of GDP: NA%
Military--note: defense is the responsibility of the UK
Transnational Issues
Disputes--international: none
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@Bhutan ------
Geography
Location: Southern Asia, between China and India
Geographic coordinates: 27 30 N, 90 30 E
Map references: Asia
Area: total: 47,000 sq km land: 47,000 sq km water: 0 sq km
Area--comparative: about half the size of Indiana
Land boundaries: total: 1,075 km border countries: China 470 km, India 605 km
Coastline: 0 km (landlocked)
Maritime claims: none (landlocked)
Climate: varies; tropical in southern plains; cool winters and hot summers in central valleys; severe winters and cool summers in Himalayas
Terrain: mostly mountainous with some fertile valleys and savanna
Elevation extremes: lowest point: Drangme Chhu 97 m highest point: Kula Kangri 7,553 m
Natural resources: timber, hydropower, gypsum, calcium carbide
Land use: arable land: 2% permanent crops: 0% permanent pastures: 6% forests and woodland: 66% other: 26% (1993 est.)
Irrigated land: 340 sq km (1993 est.)
Natural hazards: violent storms coming down from the Himalayas are the source of the country's name which translates as Land of the Thunder Dragon; frequent landslides during the rainy season
Environment--current issues: soil erosion; limited access to potable water
Environment--international agreements: party to: Biodiversity, Climate Change, Nuclear Test Ban signed, but not ratified: Law of the Sea
Geography--note: landlocked; strategic location between China and India; controls several key Himalayan mountain passes
People
Population: 1,951,965 (July 1999 est.) note: other estimates range as low as 600,000
Age structure: 0-14 years: 40% (male 405,745; female 376,738) 15-64 years: 56% (male 561,754; female 530,420) 65 years and over: 4% (male 39,251; female 38,057) (1999 est.)
Population growth rate: 2.25% (1999 est.)
Birth rate: 36.76 births/1,000 population (1999 est.)
Death rate: 14.26 deaths/1,000 population (1999 est.)
Net migration rate: 0 migrant(s)/1,000 population (1999 est.)
Sex ratio: at birth: 1.05 male(s)/female under 15 years: 1.08 male(s)/female 15-64 years: 1.06 male(s)/female 65 years and over: 1.03 male(s)/female total population: 1.07 male(s)/female (1999 est.)
Infant mortality rate: 109.33 deaths/1,000 live births (1999 est.)
Life expectancy at birth: total population: 52.75 years male: 53.19 years female: 52.29 years (1999 est.)
Total fertility rate: 5.16 children born/woman (1999 est.)
Nationality: noun: Bhutanese (singular and plural) adjective: Bhutanese
Ethnic groups: Bhote 50%, ethnic Nepalese 35%, indigenous or migrant tribes 15%
Religions: Lamaistic Buddhism 75%, Indian- and Nepalese-influenced Hinduism 25%
Languages: Dzongkha (official), Bhotes speak various Tibetan dialects, Nepalese speak various Nepalese dialects
Literacy: definition: age 15 and over can read and write total population: 42.2% male: 56.2% female: 28.1% (1995 est.)
People--note: refugee issue over the presence in Nepal of approximately 91,000 Bhutanese refugees, 90% of whom are in seven United Nations Office of the High Commissioner for Refugees (UNHCR) camps
Government
Country name: conventional long form: Kingdom of Bhutan conventional short form: Bhutan
Data code: BT
Government type: monarchy; special treaty relationship with India
Capital: Thimphu
Administrative divisions: 18 districts (dzongkhag, singular and plural); Bumthang, Chhukha, Chirang, Daga, Geylegphug, Ha, Lhuntshi, Mongar, Paro, Pemagatsel, Punakha, Samchi, Samdrup Jongkhar, Shemgang, Tashigang, Thimphu, Tongsa, Wangdi Phodrang
Independence: 8 August 1949 (from India)
National holiday: National Day, 17 December (1907) (Ugyen WANGCHUCK became first hereditary king)
Constitution: no written constitution or bill of rights note: Bhutan uses 1953 Royal decree for the Constitution of the National Assembly
Legal system: based on Indian law and English common law; has not accepted compulsory ICJ jurisdiction
Suffrage: each family has one vote in village-level elections
Executive branch: chief of state: King Jigme Singye WANGCHUCK (since 24 July 1972); note--the monarch is both the chief of state and head of government head of government: King Jigme Singye WANGCHUCK (since 24 July 1972); note--the monarch is both the chief of state and head of government cabinet: Council of Ministers (Lhengye Shungtsog) appointed by the monarch, approved by the National Assembly note: there is also a Royal Advisory Council (Lodoi Tsokde), members nominated by the monarch elections: none; the monarch is hereditary
Legislative branch: unicameral National Assembly or Tshogdu (150 seats; 105 elected from village constituencies, 10 represent religious bodies, and 35 are designated by the monarch to represent government and other secular interests; members serve three-year terms) elections: last held NA (next to be held NA) election results: NA
Judicial branch: the Supreme Court of Appeal is the monarch; High Court, judges appointed by the monarch
Political parties and leaders: no legal parties
Political pressure groups and leaders: United Front for Democracy (exiled); Buddhist clergy; Indian merchant community; ethnic Nepalese organizations leading militant antigovernment campaign
International organization participation: AsDB, CP, ESCAP, FAO, G-77, IBRD, ICAO, IDA, IFAD, IMF, Intelsat, IOC, ITU, NAM, OPCW, SAARC, UN, UNCTAD, UNESCO, UNIDO, UPU, WHO, WIPO
Diplomatic representation in the US: none; note--Bhutan has a Permanent Mission to the UN; address: 2 United Nations Plaza, 27th Bhutanese mission to the UN has consular jurisdiction in the US consulate(s) general: New York
Diplomatic representation from the US: the US and Bhutan have no formal diplomatic relations, although informal contact is maintained between the Bhutanese and US Embassy in New Delhi (India)
Flag description: divided diagonally from the lower hoist side corner; the upper triangle is yellow and the lower triangle is orange; centered along the dividing line is a large black and white dragon facing away from the hoist side
Economy
Economy--overview: The economy, one of the world's smallest and least developed, is based on agriculture and forestry, which provide the main livelihood for 90% of the population and account for about 40% of GDP. Agriculture consists largely of subsistence farming and animal husbandry. Rugged mountains dominate the terrain and make the building of roads and other infrastructure difficult and expensive. The economy is closely aligned with India's through strong trade and monetary links. The industrial sector is technologically backward, with most production of the cottage industry type. Most development projects, such as road construction, rely on Indian migrant labor. Bhutan's hydropower potential and its attraction for tourists are key resources. The Bhutanese Government has made some progress in expanding the nation's productive base and improving social welfare. Model education, social, and environment programs in Bhutan are underway with support from multilateral development organizations. Each economic program takes into account the government's desire to protect the country's environment and cultural traditions. Detailed controls and uncertain policies in areas like industrial licensing, trade, labor, and finance continue to hamper foreign investment.
GDP: purchasing power parity--$1.9 billion (1998 est.)
GDP--real growth rate: 6.5% (1998 est.)
GDP--per capita: purchasing power parity?$1,000 (1998 est.)
GDP--composition by sector: agriculture: 38% industry: 38% services: 24% (1997)
Population below poverty line: NA%
Household income or consumption by percentage share: lowest 10%: NA% highest 10%: NA%
Inflation rate (consumer prices): 7.4% (1997 est.)
Labor force: NA note: massive lack of skilled labor
Labor force--by occupation: agriculture 93%, services 5%, industry and commerce 2%
Unemployment rate: NA%
Budget: revenues: $146 million expenditures: $152 million, including capital expenditures of $NA (FY95/96 est.) note: the government of India finances nearly three-fifths of Bhutan's budget expenditures
Industries: cement, wood products, processed fruits, alcoholic beverages, calcium carbide
Industrial production growth rate: 9.3% (1996 est.)
Electricity--production: 1.717 billion kWh (1996) note: exports electricity to India
Electricity--production by source: fossil fuel: 0.41% hydro: 99.59% nuclear: 0% other: 0% (1996)
Electricity--consumption: 246 million kWh (1996)
Electricity--exports: 1.475 billion kWh (1996)
Electricity--imports: 4 million kWh (1996)
Agriculture--products: rice, corn, root crops, citrus, foodgrains; dairy products, eggs
Exports: $99 million (f.o.b., 1997 est.)
Exports--commodities: cardamom, gypsum, timber, handicrafts, cement, fruit, electricity (to India), precious stones, spices
Exports--partners: India 94%, Bangladesh
Imports: $131 million (c.i.f., 1997 est.)
Imports--commodities: fuel and lubricants, grain, machinery and parts, vehicles, fabrics, rice
Imports--partners: India 77%, Japan, UK, Germany, US
Debt--external: $87 million (1996)
Economic aid--recipient: $73.8 million (1995)
Currency: 1 ngultrum (Nu) = 100 chetrum; note--Indian currency is also legal tender
Exchange rates: ngultrum (Nu) per US$1--42.508 (January 1999), 41.259 (1998), 36.313 (1997), 35.433 (1996), 32.427 (1995), 31.374 (1994); note--the Bhutanese ngultrum is at par with the Indian rupee
Fiscal year: 1 July--30 June
Communications
Telephones: 4,620 (1991 est.)
Telephone system: domestic: domestic telephone service is very poor with very few telephones in use international: international telephone and telegraph service is by landline through India; a satellite earth station was planned (1990)
Radio broadcast stations: AM 0, FM 1, shortwave 1 (1998)
Radios: 23,000 (1989 est.)
Television broadcast stations: 0 (1997)
Televisions: 200 (1985 est.)
Transportation
Railways: 0 km
Highways: total: 3,285 km paved: 1,994 km unpaved: 1,291 km (1996 est.)
Ports and harbors: none
Airports: 2 (1998 est.)
Airports--with paved runways: total: 1 1,524 to 2,437 m: 1 (1998 est.)
Airports--with unpaved runways: total: 1 914 to 1,523 m: 1 (1998 est.)
Military
Military branches: Royal Bhutan Army, Palace Guard, Militia, Royal Police Force
Military manpower--military age: 18 years of age
Military manpower--availability: males age 15-49: 477,944 (1999 est.)
Military manpower--fit for military service: males age 15-49: 254,992 (1999 est.)
Military manpower--reaching military age annually: males: 19,424 (1999 est.)
Military expenditures--dollar figure: $NA
Military expenditures--percent of GDP: NA%
Transnational Issues
Disputes--international: with Nepal over 91,000 Bhutanese refugees in Nepal
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@Bolivia -------
Introduction
Background: Bolivia broke away from Spanish rule in 1825. Its subsequent history has been marked by a seemingly endless series of coups, counter-coups, and abrupt changes in leaders and policies. Comparatively democratic civilian rule was established in the 1980s, but the leaders have faced difficult problems of deep-seated poverty, social unrest, strikes, and drug dealing. Current issues include encouraging and negotiating the terms for foreign investment; strengthening the educational system; continuing the privatization program; pursuing judicial reform and an anti-corruption campaign.
Geography
Location: Central South America, southwest of Brazil
Geographic coordinates: 17 00 S, 65 00 W
Map references: South America
Area: total: 1,098,580 sq km land: 1,084,390 sq km water: 14,190 sq km
Area--comparative: slightly less than three times the size of Montana
Land boundaries: total: 6,743 km border countries: Argentina 832 km, Brazil 3,400 km, Chile 861 km, Paraguay 750 km, Peru 900 km
Coastline: 0 km (landlocked)
Maritime claims: none (landlocked)
Climate: varies with altitude; humid and tropical to cold and semiarid
Terrain: rugged Andes Mountains with a highland plateau (Altiplano), hills, lowland plains of the Amazon Basin
Elevation extremes: lowest point: Rio Paraguay 90 m highest point: Nevado Sajama 6,542 m
Natural resources: tin, natural gas, petroleum, zinc, tungsten, antimony, silver, iron, lead, gold, timber
Land use: arable land: 2% permanent crops: 0% permanent pastures: 24% forests and woodland: 53% other: 21% (1993 est.)
Irrigated land: 1,750 sq km (1993 est.)
Natural hazards: cold, thin air of high plateau is obstacle to efficient fuel combustion, as well as to physical activity by those unaccustomed to it from birth; flooding in the northeast (March-April)
Environment--current issues: the clearing of land for agricultural purposes and the international demand for tropical timber are contributing to deforestation; soil erosion from overgrazing and poor cultivation methods (including slash-and-burn agriculture); desertification; loss of biodiversity; industrial pollution of water supplies used for drinking and irrigation
Environment--international agreements: party to: Biodiversity, Climate Change, Desertification, Endangered Species, Hazardous Wastes, Law of the Sea, Nuclear Test Ban, Tropical Timber 83, Tropical Timber 94 signed, but not ratified: Climate Change-Kyoto Protocol, Environmental Modification, Marine Dumping, Marine Life Conservation, Ozone Layer Protection
Geography--note: landlocked; shares control of Lago Titicaca, world's highest navigable lake (elevation 3,805 m), with Peru
People
Population: 7,982,850 (July 1999 est.)
Age structure: 0-14 years: 39% (male 1,573,391; female 1,540,123) 15-64 years: 56% (male 2,199,077; female 2,307,490) 65 years and over: 5% (male 164,213; female 198,556) (1999 est.)
Population growth rate: 1.96% (1999 est.)
Birth rate: 30.72 births/1,000 population (1999 est.)
Death rate: 9.61 deaths/1,000 population (1999 est.)
Net migration rate: -1.5 migrant(s)/1,000 population (1999 est.)
Sex ratio: at birth: 1.05 male(s)/female under 15 years: 1.02 male(s)/female 15-64 years: 0.95 male(s)/female 65 years and over: 0.83 male(s)/female total population: 0.97 male(s)/female (1999 est.)
Infant mortality rate: 62.02 deaths/1,000 live births (1999 est.)
Life expectancy at birth: total population: 61.43 years male: 58.51 years female: 64.51 years (1999 est.)
Total fertility rate: 3.93 children born/woman (1999 est.)
Nationality: noun: Bolivian(s) adjective: Bolivian
Ethnic groups: Quechua 30%, Aymara 25%, mestizo (mixed white and Amerindian ancestry) 30%, white 15%
Religions: Roman Catholic 95%, Protestant (Evangelical Methodist)
Languages: Spanish (official), Quechua (official), Aymara (official)
Literacy: definition: age 15 and over can read and write total population: 83.1% male: 90.5% female: 76% (1995 est.)
Government
Country name: conventional long form: Republic of Bolivia conventional short form: Bolivia local long form: Republica de Bolivia local short form: Bolivia
Data code: BL
Government type: republic
Capital: La Paz (seat of government); Sucre (legal capital and seat of judiciary)
Administrative divisions: 9 departments (departamentos, singular--departamento); Chuquisaca, Cochabamba, Beni, La Paz, Oruro, Pando, Potosi, Santa Cruz, Tarija
Independence: 6 August 1825 (from Spain)
National holiday: Independence Day, 6 August (1825)
Constitution: 2 February 1967; revised in August 1994
Legal system: based on Spanish law and Napoleonic Code; has not accepted compulsory ICJ jurisdiction
Suffrage: 18 years of age, universal and compulsory (married); 21 years of age, universal and compulsory (single)
Executive branch: chief of state: President Hugo BANZER Suarez (since 6 August 1997); Vice President Jorge Fernando QUIROGA Ramirez (since 6 August 1997); note--the president is both the chief of state and head of government head of government: President Hugo BANZER Suarez (since 6 August 1997); Vice President Jorge Fernando QUIROGA Ramirez (since 6 August 1997); note--the president is both the chief of state and head of government cabinet: Cabinet appointed by the president from a panel of candidates proposed by the Senate elections: president and vice president elected on the same ticket by popular vote for five-year terms; election last held 1 June 1997 (next to be held June 2002) election results: Hugo BANZER Suarez elected president; percent of vote--Hugo BANZER Suarez (ADN) 22%; Jaime PAZ Zamora (MIR) 17%, Juan Carlos DURAN (MNR) 18%, Ivo KULJIS (UCS) 16%, Remedios LOZA (CONDEPA) 17%; no candidate received a majority of the popular vote; Hugo BANZER Suarez won a congressional runoff election on 5 August 1997 after forming a "megacoalition" with MIR, UCS, CONDEPA, NFR and PDC
Legislative branch: bicameral National Congress or Congreso Nacional consists of Chamber of Senators or Camara de Senadores (27 seats; members are directly elected by popular vote to serve five-year terms) and Chamber of Deputies or Camara de Diputados (130 seats; members are directly elected by popular vote to serve five-year terms) elections: Chamber of Senators and Chamber of Deputies--last held 1 June 1997 (next to be held June 2002) election results: Chamber of Senators--percent of vote by party--NA; seats by party--ADN 11, MIR 7, MNR 4, CONDEPA 3, UCS 2; Chamber of Deputies--percent of vote by party--NA; seats by party--ADN 32, MNR 26, MIR 23, UCS 21, CONDEPA 19, MBL 5, IU 4
Judicial branch: Supreme Court (Corte Suprema), judges appointed for a 10-year term by National Congress
Political parties and leaders: Center-Left Parties: Movement of the Revolutionary Left or MIR SANCHEZ DE LOZADA] FERNANDEZ, Hugo VILLEGAS] Indigenous Parties: Tupac Katari Revolutionary Liberation Movement
International organization participation: CAN, ECLAC, FAO, G-11, G-77, IADB, IAEA, IBRD, ICAO, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Intelsat, Interpol, IOC, IOM, ISO (correspondent), ITU, LAES, LAIA, NAM, OAS, OPANAL, OPCW, PCA, RG, UN, UNCTAD, UNESCO, UNIDO, UPU, WCL, WFTU, WHO, WIPO, WMO, WToO, WTrO
Diplomatic representation in the US: chief of mission: Ambassador Marcelo PEREZ Monasterios chancery: 3014 Massachusetts Avenue NW, Washington, DC 20008 consulate(s) general: Los Angeles, Miami, New York, and San Francisco
Diplomatic representation from the US: chief of mission: Ambassador Donna Jean HRINAK embassy: Avenida Arce 2780, San Jorge, La Paz mailing address: P. O. Box 425, La Paz; APO AA 34032
Flag description: three equal horizontal bands of red (top), yellow, and green with the coat of arms centered on the yellow band; similar to the flag of Ghana, which has a large black five-pointed star centered in the yellow band
Economy