Part 327

South Africa Congress of South African Trade Unions or COSATU [Zwelinzima VAVI, general secretary]; South African Communist Party or SACP [Blade NZIMANDE, general secretary]; South African National Civics Organization or SANCO [Mlungisi HLONGWANE, national president] note: note - COSATU and SACP are in a formal alliance with the ANC

Spain Association for Victims of Terrorism or AVT (grassroots organization devoted primarily to opposing ETA terrorist attacks and supporting its victims); Basta Ya (Spanish for "Enough is Enough"; grassroots organization devoted primarily to opposing ETA terrorist attacks and supporting its victims); Nunca Mais (Galician for "Never Again"; formed in response to the oil Tanker Prestige oil spill); Socialist General Union of Workers or UGT and the smaller independent Workers Syndical Union or USO; Trade Union Confederation of Workers' Commissions or CC.OO. other: business and landowning interests; Catholic Church; free labor unions (authorized in April 1977); university students

Sri Lanka Liberation Tigers of Tamil Eelam or LTTE [Velupillai PRABHAKARAN](insurgent group fighting for a separate state); Tamil Makkal Viduthalai Pulikal (TMVP) or Karuna Faction [Vinayagamurthi MURALITHARAN] (paramilitary breakaway from LTTE and fighting LTTE) other: Buddhist clergy; labor unions; radical chauvinist Sinhalese groups such as the National Movement Against Terrorism; Sinhalese Buddhist lay groups

Sudan Umma Party [SADIQ Siddiq al-Mahdi]; Popular Congress Party or PCP [Hassan al-TURABI]; Darfur rebel groups including the Justice and Equality Movement or JEM [Khalil IBRAHIM] and the Sudan Liberation Movement or SLM [various factional leaders]

Suriname Association of Indigenous Village Chiefs [Ricardo PANE]; Association of Saramaccan Authorities or Maroon [Head Captain WASE]; Women's Parliament Forum or PVF [Iris GILLIAD]

Svalbard NA

Swaziland Swaziland Federation of Trade Unions; Swaziland and Solidarity Network or SSN

Sweden Children's Rights in Society; Swedish Confederation of Professional Employees or TCO; Swedish Federation of Trade Unions or LO other: media

Switzerland NA

Syria Damascus Declaration National Council [Riyad SEIF, secretary general] (a broad alliance of opposition groups and individuals including: Committee for Revival of Civil Society [Michel KILO, Riyad SEIF]; Communist Action Party [Fateh JAMOUS]; Kurdish Democratic Alliance; Kurdish Democratic Front; Liberal Nationalists' Movement; National Democratic Rally; and Syrian Human Rights Society or HRAS [Fawed FAWUZ]); National Salvation Front (alliance between former Vice President Abd al-Halim KHADDAM, the SMB, and other small opposition groups); Syrian Muslim Brotherhood or SMB [Sadr al-Din al-BAYANUNI] (operates in exile in London; endorsed the Damascus Declaration, but is not an official member)

Taiwan Organization for Taiwan Nation Building; World United Formosans for Independence other: environmental groups; independence movement; various business groups note: debate on Taiwan independence has become acceptable within the mainstream of domestic politics on Taiwan; political liberalization and the increased representation of opposition parties in Taiwan's legislature have opened public debate on the island's national identity; a broad public consensus has developed that the government enjoys popular sovereignty and - whatever the ultimate outcome regarding unification or independence - that Taiwan's people must have the deciding voice; public opinion polls consistently show a substantial majority of Taiwan people supports maintaining Taiwan's status quo for the foreseeable future; advocates of Taiwan independence oppose the stand that the island will eventually unify with mainland China; goals of the Taiwan independence movement include establishing a sovereign nation on Taiwan and entering the UN; advocates of eventual unification predicate their goal on the democratic transformation of the mainland

Tajikistan splinter parties recognized by the government but not by the base of the party: Democratic Party or DPT [Masud SOBIROV] (splintered from ISKANDAROV's DPT); Socialist Party or SPT [Abduhalim GHAFFOROV] (splintered from NARZIEV's SPT) unregistered political parties: Agrarian Party [Hikmatullo NASREDDINOV]; Progressive Party [Sulton QUVVATOV]; Unity Party [Hikmatullo SAIDOV]

Tanzania Economic and Social Research Foundation or ESRF; Free Zanzibar; Tanzania Media Women's Association or TAMWA

Thailand People's Alliance for Democracy or PAD; United Front for Democracy Against Dictatorship

Timor-Leste NA

Togo NA

Tokelau none

Tonga Human Rights and Democracy Movement Tonga or HRDMT [Rev. Simote VEA, chairman]; Public Servant's Association [Finau TUTONE]

Trinidad and Tobago Jamaat-al Muslimeen [Yasin BAKR]

Tunisia 18 October Group [collective leadership]; Tunisian League for Human Rights or LTDH [Mokhtar TRIFI]

Turkey Confederation of Public Sector Unions or KESK [Sami EVREN]; Confederation of Revolutionary Workers Unions or DISK [Suleyman CELEBI]; Independent Industrialists' and Businessmen's Association or MUSIAD [Omer Cihad VARDAN]; Moral Rights Workers Union or Hak-Is [Salim USLU]; Turkish Confederation of Employers' Unions or TISK [Tugurl KUDATGOBILIK]; Turkish Confederation of Labor or Turk-Is [Mustafa KUMLU]; Turkish Confederation of Tradesmen and Craftsmen or TESK [Dervis GUNDAY]; Turkish Industrialists' and Businessmen's Association or TUSIAD [Arzuhan Dogan YALCINDAG]; Turkish Union of Chambers of Commerce and Commodity Exchanges or TOBB [M. Rifat HISARCIKLIOGLU]

Turkmenistan NA

Turks and Caicos Islands NA

Tuvalu none

Uganda Lord's Resistance Army or LRA [Joseph KONY]; Young Parliamentary Association [Henry BANYENZAKI]; Parliamentary Advocacy Forum or PAFO; National Association of Women Organizations in Uganda or NAWOU [Florence NEKYON]; The Ugandan Coalition for Political Accountability to Women or COPAW

Ukraine Committee of Voters of Ukraine [Ihor POPOV]

United Arab Emirates NA

United Kingdom Campaign for Nuclear Disarmament; Confederation of British Industry; National Farmers' Union; Trades Union Congress

United States environmentalists; business groups; labor unions; churches; ethnic groups; political action committees or PAC; health groups; education groups; civic groups; youth groups; transportation groups; agricultural groups; veterans groups; women's groups; reform lobbies

Uruguay Architect's Society of Uruguay (professional organization); Chamber of Uruguayan Industries (manufacturer's association); Chemist and Pharmaceutical Association (professional organization); PIT/CNT (powerful federation of Uruguayan Unions - umbrella labor organization); Rural Association of Uruguay (rancher's association); Uruguayan Construction League; Uruguayan Network of Political Women other: Catholic Church; students

Uzbekistan Agrarian and Entrepreneurs' Party [Marat ZAHIDOV]; Birlik (Unity) Movement [Abdurahim POLAT, chairman]; Committee for the Protection of Human Rights [Marat ZAHIDOV]; Erk (Freedom) Democratic Party [Muhammad SOLIH, chairman] (was banned 9 December 1992); Ezgulik Human Rights Society [Vasila INOYATOVA]; Free Farmers' Party or Ozod Dehqonlar [Nigora HIDOYATOVA]; Human Rights Society of Uzbekistan [Talib YAKUBOV, chairman]; Independent Human Rights Organization of Uzbekistan [Mikhail ARDZINOV, chairman]; Mazlum; Sunshine Coalition [Sanjar UMAROV, chairman]

Vanuatu NA

Venezuela FEDECAMARAS, a conservative business group; VECINOS groups; Venezuelan Confederation of Workers or CTV (labor organization dominated by the Democratic Action)

Vietnam 8406 Bloc; Democratic Party of Vietnam or DPV; People's Democratic Party Vietnam or PDP-VN; Alliance for Democracy note: these groups advocate democracy but are not recognized by the government

Virgin Islands NA

Wallis and Futuna NA

Western Sahara none

Yemen Muslim Brotherhood; Women National Committee other: conservative tribal groups

Zambia NA

Zimbabwe Crisis in Zimbabwe Coalition [Xolani ZITHA]; National Constitutional Assembly or NCA [Lovemore MADHUKU]; Women of Zimbabwe Arise or WOZA [Jenny WILLIAMS]; Zimbabwe Congress of Trade Unions or ZCTU [Wellington CHIBEBE]

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Field Listing :: Economy - overview

This entry briefly describes the type of economy, including the degree of market orientation, the level of economic development, the most important natural resources, and the unique areas of specialization. It also characterizes major economic events and policy changes in the most recent 12 months and may include a statement about one or two key future macroeconomic trends. Country

Economy - overview

Afghanistan Afghanistan's economy is recovering from decades of conflict. The economy has improved significantly since the fall of the Taliban regime in 2001 largely because of the infusion of international assistance, the recovery of the agricultural sector, and service sector growth. Real GDP growth fell from the 10% level in 2006-07 to a little more than 3% in 2008. Despite the progress of the past few years, Afghanistan is extremely poor, landlocked, and highly dependent on foreign aid, agriculture, and trade with neighboring countries. Much of the population continues to suffer from shortages of housing, clean water, electricity, medical care, and jobs. Criminality, insecurity, and the Afghan Government's inability to extend rule of law to all parts of the country pose challenges to future economic growth. It will probably take the remainder of the decade and continuing donor aid and attention to significantly raise Afghanistan's living standards from its current level, among the lowest in the world. International pledges made by more than 60 countries and international financial institutions at the Berlin Donors Conference for Afghan reconstruction in March 2004 reached $8.9 billion for 2004-09. While the international community remains committed to Afghanistan's development, pledging over $57 billion at three donors' conferences since 2002, Kabul will need to overcome a number of challenges. Expanding poppy cultivation and a growing opium trade generate roughly $3 billion in illicit economic activity and looms as one of Kabul's most serious policy concerns. Other long-term challenges include: budget sustainability, job creation, corruption, government capacity, and rebuilding war torn infrastructure.

Akrotiri Economic activity is limited to providing services to the military and their families located in Akrotiri. All food and manufactured goods must be imported.

Albania Lagging behind its Balkan neighbors, Albania is making the difficult transition to a more modern open-market economy. Macroeconomic growth has averaged around 5% over the last five years and inflation is low and stable. The government has taken measures to curb violent crime, and recently adopted a fiscal reform package aimed at reducing the large gray economy and attracting foreign investment. The economy is bolstered by annual remittances from abroad representing about 15% of GDP, mostly from Albanians residing in Greece and Italy; this helps offset the towering trade deficit. The agricultural sector, which accounts for over half of employment but only about one-fifth of GDP, is limited primarily to small family operations and subsistence farming because of lack of modern equipment, unclear property rights, and the prevalence of small, inefficient plots of land. Energy shortages because of a reliance on hydropower, and antiquated and inadequate infrastructure contribute to Albania's poor business environment and lack of success in attracting new foreign investment. The completion of a new thermal power plant near Vlore has helped diversify generation capacity, and plans to upgrade transmission lines between Albania and Montenegro and Kosovo would help relieve the energy shortages. Also, with help from EU funds, the government is taking steps to improve the poor national road and rail network, a long-standing barrier to sustained economic growth.

Algeria The hydrocarbons sector is the backbone of the economy, accounting for roughly 60% of budget revenues, 30% of GDP, and over 95% of export earnings. Algeria has the eighth-largest reserves of natural gas in the world and is the fourth-largest gas exporter; it ranks 15th in oil reserves. Sustained high oil prices in recent years have helped improve Algeria's financial and macroeconomic indicators. Algeria is running substantial trade surpluses and building up record foreign exchange reserves. Algeria has decreased its external debt to less than 5% of GDP after repaying its Paris Club and London Club debt in 2006. Real GDP has risen due to higher oil output and increased government spending. The government's continued efforts to diversify the economy by attracting foreign and domestic investment outside the energy sector, however, has had little success in reducing high unemployment and improving living standards. Structural reform within the economy, such as development of the banking sector and the construction of infrastructure, moves ahead slowly hampered by corruption and bureaucratic resistance.

American Samoa American Samoa has a traditional Polynesian economy in which more than 90% of the land is communally owned. Economic activity is strongly linked to the US with which American Samoa conducts most of its commerce. Tuna fishing and tuna processing plants are the backbone of the private sector, with canned tuna the primary export. Transfers from the US Government add substantially to American Samoa's economic well being. Attempts by the government to develop a larger and broader economy are restrained by Samoa's remote location, its limited transportation, and its devastating hurricanes. Tourism is a promising developing sector.

Andorra Tourism, the mainstay of Andorra's tiny, well-to-do economy, accounts for more than 80% of GDP. An estimated 11.6 million tourists visit annually, attracted by Andorra's duty-free status and by its summer and winter resorts. Andorra's comparative advantage has recently eroded as the economies of neighboring France and Spain have been opened up, providing broader availability of goods and lower tariffs. The banking sector, with its partial "tax haven" status, also contributes substantially to the economy. Agricultural production is limited - only 2% of the land is arable - and most food has to be imported. The principal livestock activity is sheep raising. Manufacturing output consists mainly of cigarettes, cigars, and furniture. Andorra is a member of the EU Customs Union and is treated as an EU member for trade in manufactured goods (no tariffs) and as a non-EU member for agricultural products.

Angola Angola's high growth rate is driven by its oil sector, which has taken advantage of high international oil prices. Oil production and its supporting activities contribute about 85% of GDP. Increased oil production supported growth averaging more than 15% per year from 2004 to 2007. A postwar reconstruction boom and resettlement of displaced persons has led to high rates of growth in construction and agriculture as well. Much of the country's infrastructure is still damaged or undeveloped from the 27-year-long civil war. Remnants of the conflict such as widespread land mines still mar the countryside even though an apparently durable peace was established after the death of rebel leader Jonas SAVIMBI in February 2002. Subsistence agriculture provides the main livelihood for most of the people, but half of the country's food must still be imported. In 2005, the government started using a $2 billion line of credit, since increased to $7 billion, from China to rebuild Angola's public infrastructure, and several large-scale projects were completed in 2006. Angola also has large credit lines from Brazil, Portugal, Germany, Spain, and the EU. The central bank in 2003 implemented an exchange rate stabilization program using foreign exchange reserves to buy kwanzas out of circulation. This policy became more sustainable in 2005 because of strong oil export earnings; it has significantly reduced inflation. Although consumer inflation declined from 325% in 2000 to under 13% in 2008, the stabilization policy has put pressure on international net liquidity. Angola became a member of OPEC in late 2006 and in late 2007 was assigned a production quota of 1.9 million barrels a day, somewhat less than the 2-2.5 million bbl Angola's government had wanted. To fully take advantage of its rich national resources - gold, diamonds, extensive forests, Atlantic fisheries, and large oil deposits - Angola will need to implement government reforms, increase transparency, and reduce corruption. The government has rejected a formal IMF monitored program, although it continues Article IV consultations and ad hoc cooperation. Corruption, especially in the extractive sectors, and the negative effects of large inflows of foreign exchange, are major challenges facing Angola.

Anguilla Anguilla has few natural resources, and the economy depends heavily on luxury tourism, offshore banking, lobster fishing, and remittances from emigrants. Increased activity in the tourism industry has spurred the growth of the construction sector contributing to economic growth. Anguillan officials have put substantial effort into developing the offshore financial sector, which is small but growing. In the medium term, prospects for the economy will depend largely on the tourism sector and, therefore, on revived income growth in the industrialized nations as well as on favorable weather conditions.

Antarctica Fishing off the coast and tourism, both based abroad, account for Antarctica's limited economic activity. Antarctic fisheries in 2006-07 (1 July-30 June) reported landing 126,976 metric tons (estimated fishing from the area covered by the Convention on the Conservation of Antarctic Marine Living Resources (CCAMLR), which extends slightly beyond the Antarctic Treaty area). Unregulated fishing, particularly of Patagonian toothfish (Dissostichus eleginoides - also known as Chilean sea bass), is a serious problem. The CCAMLR determines the recommended catch limits for marine species. A total of 45,652 tourists visited the Antarctic Treaty area in the 2007-08 Antarctic summer, up from the 36,460 visitors in 2006-2007, and the 30,877 visitors in 2005-2006 (estimates provided to the Antarctic Treaty by the International Association of Antarctica Tour Operators (IAATO); this does not include passengers on overflights). Nearly all of them were passengers on commercial (nongovernmental) ships and several yachts that make trips during the summer. Most tourist trips last approximately two weeks.

Antigua and Barbuda Antigua has a relatively high GDP per capita in comparison to most other Caribbean nations. The economy experienced solid growth from 2003 to 2007, reaching over 12% in 2006 driven by a construction boom in hotels and housing associated with the Cricket World Cup. Growth dropped off in 2008 with the end of the boom. Tourism continues to dominate the economy, accounting for nearly 60% of GDP and 40% of investment. The dual-island nation's agricultural production is focused on the domestic market and constrained by a limited water supply and a labor shortage stemming from the lure of higher wages in tourism and construction. Manufacturing comprises enclave-type assembly for export with major products being bedding, handicrafts, and electronic components. Prospects for economic growth in the medium term will continue to depend on tourist arrivals from the US, Canada, and Europe and potential damages from natural disasters. Since taking office in 2004, the SPENCER government has adopted an ambitious fiscal reform program, and has been successful in reducing its public debt-to-GDP ratio from 120% to about 90%.

Arctic Ocean Economic activity is limited to the exploitation of natural resources, including petroleum, natural gas, fish, and seals.

Argentina Argentina benefits from rich natural resources, a highly literate population, an export-oriented agricultural sector, and a diversified industrial base. Although one of the world's wealthiest countries 100 years ago, Argentina suffered during most of the 20th century from recurring economic crises, persistent fiscal and current account deficits, high inflation, mounting external debt, and capital flight. A severe depression, growing public and external indebtedness, and a bank run culminated in 2001 in the most serious economic, social, and political crisis in the country's turbulent history. Interim President Adolfo RODRIGUEZ SAA declared a default - the largest in history - on the government's foreign debt in December of that year, and abruptly resigned only a few days after taking office. His successor, Eduardo DUHALDE, announced an end to the peso's decade-long 1-to-1 peg to the US dollar in early 2002. The economy bottomed out that year, with real GDP 18% smaller than in 1998 and almost 60% of Argentines under the poverty line. Real GDP rebounded to grow by an average 9% annually over the subsequent five years, taking advantage of previously idled industrial capacity and labor, an audacious debt restructuring and reduced debt burden, excellent international financial conditions, and expansionary monetary and fiscal policies. Inflation also increased, however, during the administration of President Nestor KIRCHNER, which responded with price restraints on businesses, as well as export taxes and restraints, and beginning in early 2007, with understating inflation data. Cristina FERNANDEZ DE KIRCHNER succeeded her husband as President in late 2007, but was stymied in her efforts to hike export taxes still further by protesting farmers. Her government nationalized private pension funds in late 2008, which bolstered government coffers, but failed to assuage investors' concerns about the direction of economic policy.