The 2009 CIA World Factbook

Part 388

Chapter 3883,935 wordsPublic domain

Economy of the area administered by Turkish Cypriots

Cyprus Economy - overview: The Turkish Cypriot economy has roughly 40% of the per capita GDP of the south, and economic growth tends to be volatile, given the north's relative isolation, bloated public sector, reliance on the Turkish lira, and small market size. Agriculture and services, together, employ more than half of the work force. The Turkish Cypriot economy grew around 10.6% in 2006, fueled by growth in the construction and education sectors, as well as increased employment of Turkish Cypriots in the area under government control. GDP declined about 2.0% in 2007. The Turkish Cypriots are heavily dependent on transfers from the Turkish Government. Ankara directly finances about one-third of the "TRNC's" budget. Aid from Turkey has exceeded $400 million annually in recent years. The Turkish Cypriot economy probably will experience a sharp slowdown in 2008-2009 due to the global financial crisis, because the Turkish Cypriot financial sector is dominated by mainland Turkish banks, and because of its reliance on British and Turkish tourism, which has declined due to the recession. GDP (purchasing power parity): $1.829 billion (2007 est.) GDP - real growth rate: -2% (2007 est.) GDP - per capita: $11,700 (2007 est.) GDP - composition by sector: agriculture: 8.6%, industry: 22.5%, services: 69.1% (2006 est.) Labor force: 95,030 (2007 est.) Labor force - by occupation: agriculture: 14.5%, industry: 29%, services: 56.5% (2004) Unemployment rate: 9.4% (2005 est.) Population below poverty line: %NA Inflation rate: 11.4% (2006) Budget: revenues: $2.5 billion, expenditures: $2.5 billion (2006) Agriculture - products: citrus fruit, dairy, potatoes, grapes, olives, poultry, lamb Industries: foodstuffs, textiles, clothing, ship repair, clay, gypsum, copper, furniture Industrial production growth rate: -0.3% (2007 est.) Electricity production: 998.9 million kWh (2005) Electricity consumption: 797.9 million kWh (2005) Exports: $68.1 million, f.o.b. (2007 est.) Export - commodities: citrus, dairy, potatoes, textiles Export - partners: Turkey 40%; direct trade between the area administered by Turkish Cypriots and the area under government control remains limited Imports: $1.2 billion, f.o.b. (2007 est.) Import - commodities: vehicles, fuel, cigarettes, food, minerals, chemicals, machinery Import - partners: Turkey 60%; direct trade between the area administered by Turkish Cypriots and the area under government control remains limited Reserves of foreign exchange and gold: $NA Debt - external: $NA Currency (code): Turkish new lira (YTL) Exchange rates: Turkish new lira per US dollar: 1.319 (2007) 1.4286 (2006) 1.3436 (2005) 1.4255 (2004) 1.5009 (2003)

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Field Listing :: School life expectancy (primary to tertiary

education)

School life expectancy (SLE) is the total number of years of schooling (primary to tertiary) that a child can expect to receive, assuming that the probability of his or her being enrolled in school at any particular future age is equal to the current enrollment ratio at that age. Caution must be maintained when utilizing this indicator in international comparisons. For example, a year or grade completed in one country is not necessarily the same in terms of educational content or quality as a year or grade completed in another country. SLE represents the expected number of years of schooling that will be completed, including years spent repeating one or more grades. Country

School life expectancy (primary to tertiary education)(years)

Afghanistan total: 8 years male: 11 years female: 4 years (2004)

Albania total: 11 years male: 11 years female: 11 years (2004)

Algeria total: 13 years male: 13 years female: 13 years (2005)

Andorra total: 11 years male: 11 years female: 11 years (2006)

Anguilla total: 11 years male: 11 years female: 11 years (2006)

Argentina total: 15 years male: 14 years female: 16 years (2005)

Armenia total: 11 years male: 11 years female: 12 years (2006)

Aruba total: 14 years male: 13 years female: 14 years (2006)

Australia total: 20 years male: 20 years female: 21 years (2006)

Austria total: 15 years male: 15 years female: 16 years (2006)

Azerbaijan total: 11 years male: 11 years female: 11 years (2006)

Bahrain total: 15 years male: 14 years female: 16 years (2006)

Bangladesh total: 8 years male: 8 years female: 8 years (2004)

Barbados total: 13 years male: 13 years female: 14 years (2001)

Belarus total: 15 years male: 14 years female: 15 years (2006)

Belgium total: 16 years male: 16 years female: 16 years (2006)

Belize total: 13 years male: 13 years female: 13 years (2004)

Benin total: 7 years male: 9 years female: 6 years (2001)

Bermuda total: 13 years male: 13 years female: 14 years (2005)

Bhutan total: 10 years male: 11 years female: 10 years (2006)

Botswana total: 12 years male: 12 years female: 12 years (2005)

Brazil total: 14 years male: 14 years female: 15 years (2005)

British Virgin Islands total: 17 years male: 15 years female: 19 years (2005)

Brunei total: 14 years male: 14 years female: 14 years (2006)

Bulgaria total: 14 years male: 13 years female: 14 years (2006)

Burkina Faso total: 5 years male: 5 years female: 4 years (2006)

Burma total: 8 years male: 8 years female: 8 years (2001)

Burundi total: 7 years male: 8 years female: 7 years (2006)

Cambodia total: 10 years male: 10 years female: 9 years (2006)

Cameroon total: 9 years male: 10 years female: 8 years (2006)

Canada total: 17 years male: 17 years female: 17 years (2004)

Cape Verde total: 12 years male: 11 years female: 12 years (2006)

Cayman Islands total: 13 years male: 12 years female: 13 years (2001)

Chad total: 6 years male: 7 years female: 4 years (2005)

Chile total: 14 years male: 14 years female: 14 years (2006)

China total: 11 years male: 11 years female: 11 years (2006)

Colombia total: 12 years male: 12 years female: 13 years (2006)

Comoros total: 8 years male: 9 years female: 7 years (2004)

Congo, Republic of the total: 9 years male: 10 years female: 8 years (2003)

Cook Islands total: 10 years male: 10 years female: 10 years (2005)

Costa Rica total: 12 years male: 12 years female: 12 years (2005)

Croatia total: 14 years male: 13 years female: 14 years (2006)

Cuba total: 16 years male: 15 years female: 17 years (2006)

Cyprus total: 14 years male: 13 years female: 14 years (2006)

Czech Republic total: 15 years male: 15 years female: 15 years (2006)

Denmark total: 17 years male: 16 years female: 17 years (2006)

Djibouti total: 4 years male: 5 years female: 4 years (2006)

Dominica total: 13 years male: 13 years female: 14 years (2005)

Dominican Republic total: 12 years male: 12 years female: 13 years (2004)

El Salvador total: 12 years male: 12 years female: 12 years (2006)

Equatorial Guinea total: 10 years male: 10 years female: 9 years (2000)

Eritrea total: 5 years male: 6 years female: 4 years (2004)

Estonia total: 16 years male: 15 years female: 17 years (2006)

Ethiopia total: 8 years male: 8 years female: 7 years (2007)

Fiji total: 13 years male: 13 years female: 13 years (2005)

Finland total: 17 years male: 17 years female: 18 years (2006)

France total: 16 years male: 16 years female: 17 years (2006)

Gambia, The total: 7 years male: 7 years female: 7 years (2004)

Gaza Strip total: 14 years male: 13 years female: 14 years (2006)

Georgia total: 12 years male: 12 years female: 13 years (2006)

Germany total: 16 years male: 16 years female: 16 years (2006)

Ghana total: 9 years male: 10 years female: 9 years (2007)

Greece total: 17 years male: 17 years female: 17 years (2006)

Grenada total: 12 years male: 12 years female: 12 years (2005)

Guatemala total: 10 years male: 11 years female: 10 years (2006)

Guinea total: 8 years male: 10 years female: 7 years (2006)

Guinea-Bissau total: 5 years male: 7 years female: 4 years (2001)

Guyana total: 13 years male: 13 years female: 14 years (2005)

Honduras total: 11 years male: 11 years female: 12 years (2004)

Hong Kong total: 14 years male: 14 years female: 13 years (2006)

Hungary total: 15 years male: 15 years female: 16 years (2006)

Iceland total: 18 years male: 17 years female: 19 years (2006)

India total: 10 years male: 11 years female: 9 years (2005)

Indonesia total: 11 years male: 12 years female: 11 years (2005)

Iran total: 13 years male: 13 years female: 13 years (2005)

Iraq total: 10 years male: 11 years female: 8 years (2005)

Ireland total: 18 years male: 17 years female: 18 years (2006)

Israel total: 15 years male: 15 years female: 16 years (2006)

Italy total: 16 years male: 16 years female: 17 years (2006)

Jamaica total: 12 years male: 11 years female: 12 years (2003)

Japan total: 15 years male: 15 years female: 15 years (2006)

Jordan total: 13 years male: 13 years female: 13 years (2006)

Kazakhstan total: 15 years male: 15 years female: 16 years (2007)

Kenya total: 10 years male: 10 years female: 9 years (2004)

Kiribati total: 12 years male: 12 years female: 13 years (2005)

Korea, South total: 17 years male: 18 years female: 15 years (2007)

Kuwait total: 13 years male: 12 years female: 13 years (2006)

Kyrgyzstan total: 12 years male: 12 years female: 13 years (2006)

Laos total: 9 years male: 10 years female: 8 years (2006)

Latvia total: 16 years male: 14 years female: 17 years (2006)

Lebanon total: 13 years male: 13 years female: 13 years (2006)

Lesotho total: 10 years male: 10 years female: 10 years (2006)

Liberia total: 10 years male: 11 years female: 8 years (2000)

Libya total: 17 years male: 16 years female: 17 years (2003)

Liechtenstein total: 15 years male: 16 years female: 13 years (2004)

Lithuania total: 16 years male: 15 years female: 17 years (2006)

Luxembourg total: 14 years male: 13 years female: 14 years (2006)

Macau total: 15 years male: 16 years female: 14 years (2006)

Macedonia total: 12 years male: 12 years female: 12 years (2005)

Madagascar total: 9 years male: 10 years female: 9 years (2006)

Malawi total: 9 years male: 10 years female: 9 years (2004)

Malaysia total: 13 years male: 12 years female: 13 years (2005)

Maldives total: 12 years male: 12 years female: 12 years (2006)

Mali total: 7 years male: 8 years female: 5 years (2005)

Malta total: 15 years male: 15 years female: 15 years (2005)

Marshall Islands total: 13 years male: 13 years female: 13 years (2003)

Mauritania total: 8 years male: 8 years female: 8 years (2006)

Mauritius total: 14 years male: 14 years female: 13 years (2005)

Mexico total: 13 years male: 14 years female: 13 years (2006)

Moldova total: 12 years male: 12 years female: 13 years (2006)

Mongolia total: 13 years male: 12 years female: 14 years (2006)

Montserrat total: 16 years male: 15 years female: 16 years (2006)

Morocco total: 10 years male: 11 years female: 9 years (2005)

Mozambique total: 8 years male: 9 years female: 7 years (2005)

Namibia total: 11 years male: 11 years female: 11 years (2006)

Nauru total: 8 years male: 8 years female: 9 years (2006)

Nepal total: 9 years male: 10 years female: 8 years (2003)

Netherlands total: 16 years male: 17 years female: 16 years (2006)

Netherlands Antilles total: 14 years male: 14 years female: 15 years (2002)

New Zealand total: 19 years male: 19 years female: 20 years (2006)

Nicaragua total: 11 years male: 11 years female: 11 years (2003)

Niger total: 4 years male: 5 years female: 3 years (2006)

Nigeria total: 8 years male: 9 years female: 7 years (2004)

Niue total: 12 years male: 12 years female: 12 years (2005)

Norway total: 17 years male: 17 years female: 18 years (2006)

Oman total: 12 years male: 12 years female: 11 years (2006)

Pakistan total: 7 years male: 7 years female: 6 years (2006)

Palau total: 15 years male: 14 years female: 15 years (2000)

Panama total: 13 years male: 13 years female: 14 years (2006)

Paraguay total: 12 years male: 12 years female: 12 years (2005)

Peru total: 14 years male: 14 years female: 14 years (2006)

Philippines total: 12 years male: 11 years female: 12 years (2006)

Poland total: 15 years male: 15 years female: 16 years (2006)

Portugal total: 15 years male: 15 years female: 16 years (2006)

Qatar total: 13 years male: 13 years female: 14 years (2006)

Romania total: 14 years male: 14 years female: 14 years (2006)

Russia total: 14 years male: 13 years female: 14 years (2006)

Rwanda total: 9 years male: 8 years female: 9 years (2005)

Saint Kitts and Nevis total: 12 years male: 12 years female: 13 years (2005)

Saint Lucia total: 14 years male: 13 years female: 14 years (2006)

Saint Vincent and the Grenadines total: 12 years male: 12 years female: 12 years (2005)

Samoa total: 12 years male: 12 years female: 12 years (2001)

Sao Tome and Principe total: 10 years male: 10 years female: 10 years (2006)

Seychelles total: 15 years male: 14 years female: 15 years (2007)

Sierra Leone total: 7 years male: 8 years female: 6 years (2001)

Slovakia total: 15 years male: 14 years female: 15 years (2006)

Slovenia total: 17 years male: 16 years female: 17 years (2006)

Solomon Islands total: 8 years male: 9 years female: 8 years (2005)

South Africa total: 13 years male: 13 years female: 13 years (2004)

Spain total: 16 years male: 16 years female: 17 years (2006)

Suriname total: 12 years male: 11 years female: 13 years (2002)

Swaziland total: 10 years male: 10 years female: 10 years (2005)

Sweden total: 16 years male: 15 years female: 17 years (2006)

Switzerland total: 15 years male: 15 years female: 15 years (2006)

Tajikistan total: 11 years male: 12 years female: 10 years (2006)

Thailand total: 14 years male: 13 years female: 14 years (2006)

Togo total: 9 years male: 11 years female: 7 years (2000)

Tokelau total: 11 years male: 10 years female: 11 years (2004)

Tonga total: 13 years male: 13 years female: 13 years (2004)

Trinidad and Tobago total: 11 years male: 11 years female: 11 years (2005)

Tunisia total: 14 years male: 13 years female: 14 years (2006)

Turkey total: 11 years male: 12 years female: 11 years (2006)

Turks and Caicos Islands total: 11 years male: 11 years female: 12 years (2005)

Tuvalu total: 11 years male: 11 years female: 11 years (2001)

Uganda total: 10 years male: 11 years female: 10 years (2004)

Ukraine total: 14 years male: 14 years female: 15 years (2006)

United Arab Emirates total: 11 years male: 11 years female: 12 years (2003)

United Kingdom total: 16 years male: 16 years female: 17 years (2006)

United States total: 16 years male: 15 years female: 16 years (2006)

Uruguay total: 15 years male: 14 years female: 16 years (2006)

Uzbekistan total: 11 years male: 12 years female: 11 years (2007)

Vanuatu total: 10 years male: 11 years female: 10 years (2004)

Venezuela total: 12 years male: 11 years female: 12 years (2003)

Vietnam total: 10 years male: 11 years female: 10 years (2000)

West Bank total: 14 years male: 13 years female: 14 years (2006)

Yemen total: 9 years male: 11 years female: 7 years (2005)

Zambia total: 7 years male: 7 years female: 7 years (2000)

Zimbabwe total: 9 years male: 9 years female: 9 years (2003)

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Field Listing :: Education expenditures

This entry provides the public expenditure on education as a percent of GDP. Country Comparison to the World Country

Education expenditures(% of GDP)

Afghanistan NA

Albania 2.9% of GDP (2002)

Algeria 5.1% of GDP (1999)

American Samoa NA

Andorra 2.3% of GDP (2006)

Angola 2.4% of GDP (2005)

Anguilla 4% of GDP (2005)

Antigua and Barbuda 3.9% of GDP (2002)

Argentina 3.8% of GDP (2004)

Armenia 3.2% of GDP (2001)

Aruba 4.8% of GDP (2005)

Australia 4.5% of GDP (2005)

Austria 5.4% of GDP (2005)

Azerbaijan 2.1% of GDP (2006)

Bahamas, The 3.6% of GDP (2000)

Bahrain 3.9% of GDP (1991)

Bangladesh 2.7% of GDP (2005)

Barbados 6.9% of GDP (2005)

Belarus 6.1% of GDP (2006)

Belgium 6% of GDP (2004)

Belize 5.3% of GDP (2004)

Benin 4.4% of GDP (2004)

Bermuda 1.2% of GDP (2006)

Bhutan 7% of GDP (2005)

Bolivia 6.4% of GDP (2003)

Bosnia and Herzegovina NA

Botswana 8.7% of GDP (2007)

Brazil 4% of GDP (2004)

British Virgin Islands 3.7% of GDP (2006)

Brunei 5.2% of GDP (2000)

Bulgaria 4.5% of GDP (2005)

Burkina Faso 4.2% of GDP (2006)

Burma 1.2% of GDP (2001)

Burundi 5.1% of GDP (2005)

Cambodia 1.7% of GDP (2004)

Cameroon 3.3% of GDP (2006)

Canada 5.2% of GDP (2002)

Cape Verde 6.3% of GDP (2006)

Cayman Islands 2.8% of GDP (2005)

Central African Republic 1.4% of GDP (2006)

Chad 1.9% of GDP (2005)

Chile 3.2% of GDP (2006)

China 1.9% of GDP (1999)

Colombia 4.7% of GDP (2006)

Comoros 3.8% of GDP (2002)

Congo, Democratic Republic of the NA

Congo, Republic of the 1.9% of GDP (2005)

Cook Islands 0.2% of GDP (2001)

Costa Rica 4.9% of GDP (2004)

Cote d'Ivoire 4.6% of GDP (2001)

Croatia 4.5% of GDP (2004)

Cuba 9.1% of GDP (2006)

Cyprus 6.3% of GDP (2004)

Czech Republic 4.4% of GDP (2004)

Denmark 8.3% of GDP (2005)

Djibouti 8.4% of GDP (2006)

Dominica 5% of GDP (1999)

Dominican Republic 3.6% of GDP (2006)

Ecuador 1% of GDP (2001)

Egypt 4.2% of GDP (2006)

El Salvador 3.1% of GDP (2006)

Equatorial Guinea 0.6% of GDP (2003)

Eritrea 2.4% of GDP (2006)

Estonia 5.1% of GDP (2004)

Ethiopia 6% of GDP (2006)

Fiji 6.5% of GDP (2004)

Finland 6.4% of GDP (2005)

France 5.7% of GDP (2005)

French Polynesia NA

Gabon 3.8% of GDP (2000)

Gambia, The 2% of GDP (2004)

Gaza Strip NA

Georgia 3.1% of GDP (2006)

Germany 4.6% of GDP (2004)

Ghana 5.4% of GDP (2005)

Gibraltar NA

Greece 4.4% of GDP (2005)

Greenland NA

Grenada 5.2% of GDP (2003)

Guam NA

Guatemala 2.6% of GDP (2006)

Guernsey NA

Guinea 1.6% of GDP (2005)

Guinea-Bissau 5.2% of GDP (1999)

Guyana 8.3% of GDP (2006)

Haiti 1.4% of GDP (1991)

Honduras 3.8% of GDP (1991)

Hong Kong 3.9% of GDP (2006)

Hungary 5.5% of GDP (2005)

Iceland 7.6% of GDP (2004)

India 3.2% of GDP (2005)

Indonesia 3.6% of GDP (2006)

Iran 5.1% of GDP (2006)

Iraq NA

Ireland 4.7% of GDP (2005)

Isle of Man NA

Israel 6.9% of GDP (2004)

Italy 4.5% of GDP (2005)

Jamaica 5.3% of GDP (2005)

Japan 3.5% of GDP (2005)

Jersey NA

Jordan 4.9% of GDP (1999)

Kazakhstan 2.3% of GDP (2005)

Kenya 6.9% of GDP (2006)

Kiribati 17.8% of GDP (2002)

Korea, North NA

Korea, South 4.6% of GDP (2004)

Kuwait 3.8% of GDP (2006)

Kyrgyzstan 4.9% of GDP (2005)

Laos 3% of GDP (2006)

Latvia 5.1% of GDP (2004)

Lebanon 2.7% of GDP (2006)

Lesotho 13% of GDP (2006)

Liberia NA

Libya 2.7% of GDP (1999)

Liechtenstein NA

Lithuania 5% of GDP (2005)

Luxembourg 3.4% of GDP (1999)

Macau 2.4% of GDP (2005)

Macedonia 3.5% of GDP (2002)

Madagascar 3.1% of GDP (2006)

Malawi 5.8% of GDP (2003)

Malaysia 6.2% of GDP (2004)

Maldives 8% of GDP (2006)

Mali 4.5% of GDP (2006)

Malta 5.1% of GDP (2004)

Marshall Islands 11.8% of GDP (2004)

Mauritania 2.9% of GDP (2006)

Mauritius 3.9% of GDP (2006)

Mayotte NA

Mexico 5.5% of GDP (2005)

Micronesia, Federated States of 7.3% of GDP (2000)

Moldova 7.6% of GDP (2006)

Monaco 4.4% of GDP (2004)

Mongolia 5% of GDP (2004)

Montenegro NA

Montserrat 3.3% of GDP (2004)

Morocco NA

Mozambique 5% of GDP (2005)

Namibia 6.9% of GDP (2003)

Nauru NA

Nepal 3.4% of GDP (2003)

Netherlands 5.3% of GDP (2005)

Netherlands Antilles NA

New Zealand 6.2% of GDP (2006)

Nicaragua 3.1% of GDP (2003)

Niger 3.4% of GDP (2006)

Nigeria 0.9% of GDP (1991)

Niue NA

Norfolk Island NA

Northern Mariana Islands NA

Norway 7.2% of GDP (2005)

Oman 4% of GDP (2006)

Pakistan 2.6% of GDP (2006)

Palau 10.3% of GDP (2002)

Panama 3.8% of GDP (2004)

Papua New Guinea NA

Paraguay 4% of GDP (2004)

Peru 2.5% of GDP (2006)

Philippines 2.5% of GDP (2005)

Poland 5.5% of GDP (2005)

Portugal 5.5% of GDP (2005)

Puerto Rico NA

Qatar 3.3% of GDP (2005)

Romania 3.5% of GDP (2005)

Russia 3.8% of GDP (2005)

Rwanda 3.8% of GDP (2005)

Saint Helena NA

Saint Kitts and Nevis 9.3% of GDP (2005)

Saint Lucia 6.6% of GDP (2006)

Saint Pierre and Miquelon NA

Saint Vincent and the Grenadines 8.1% of GDP (2005)

Samoa 4.3% of GDP (2002)

San Marino NA

Sao Tome and Principe NA

Saudi Arabia 6.8% of GDP (2004)

Senegal 5% of GDP (2006)

Serbia NA

Seychelles 6.5% of GDP (2006)

Sierra Leone 3.8% of GDP (2005)

Singapore 3.7% of GDP (2001)

Slovakia 3.9% of GDP (2005)

Slovenia 6% of GDP (2005)

Solomon Islands 3.3% of GDP (1999)

Somalia NA

South Africa 5.4% of GDP (2006)

Spain 4.2% of GDP (2005)

Sri Lanka NA

Sudan 6% of GDP (1991)

Suriname NA

Swaziland 7% of GDP (2005)

Sweden 7.1% of GDP (2005)

Switzerland 5.8% of GDP (2005)

Syria 3.9% of GDP (1999)

Taiwan NA

Tajikistan 3.4% of GDP (2006)

Tanzania 2.2% of GDP (1999)

Thailand 4.2% of GDP (2005)

Timor-Leste NA

Togo 2.6% of GDP (2002)

Tokelau NA

Tonga 5% of GDP (2004)

Trinidad and Tobago 4.2% of GDP (2002)

Tunisia 7.3% of GDP (2005)

Turkey 4% of GDP (2004)

Turkmenistan 3.9% of GDP (1991)

Turks and Caicos Islands NA

Tuvalu NA

Uganda 5.2% of GDP (2004)

Ukraine 6.3% of GDP (2006)

United Arab Emirates 1.3% of GDP (2005)

United Kingdom 5.6% of GDP (2005)

United States 5.3% of GDP (2005)

Uruguay 2.9% of GDP (2006)

Uzbekistan 9.4% of GDP (1991)

Vanuatu 9.5% of GDP (2003)

Venezuela 3.7% of GDP (2006)

Vietnam 1.8% of GDP (1991)

Virgin Islands NA

West Bank NA

Yemen 9.6% of GDP (2001)

Zambia 2% of GDP (2005)

Zimbabwe 4.6% of GDP (2000)

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Field Listing :: Central bank discount rate

This entry provides the annualized interest rate a country's central bank charges commercial, depository banks for loans to meet temporary shortages of funds. Country Comparison to the World Country

Central bank discount rate(%)

Albania 6.25% (31 December 2008) 6.25% (31 December 2007)

Algeria 4% (31 December 2008) 4% (31 December 2007)

Angola 19.57% (31 December 2008) 19.57% (31 December 2007)

Anguilla 6.5% (31 December 2008) 6.5% (31 December 2007)

Antigua and Barbuda 6.5% (31 December 2008) 6.5% (31 December 2007)

Argentina NA

Armenia 7.25% (2 December 2008) NA% (31 December 2007) note: this is the Refinancing Rate, the key monetary policy instrument of the Armenian National Bank