GDP:
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purchasing power parity - $23.9 billion (2003 est.)
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GDP - real growth rate:
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7.4% (2003 est.)
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GDP - per capita:
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purchasing power parity - $10,200 (2003 est.)
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GDP - composition by sector:
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agriculture: 4.5%
industry: 24.5%
services: 70.9% (2003)
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Investment (gross fixed):
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27.1% of GDP (2003)
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Population below poverty line:
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NA
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Household income or consumption by percentage share:
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lowest 10%: 2.9%
highest 10%: 25.9% (1998)
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Distribution of family income - Gini index:
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32 (1999)
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Inflation rate (consumer prices):
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2.9% (2003 est.)
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Labor force:
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1.18 million (2003 est.)
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Labor force - by occupation:
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agriculture 15%, industry 25%, services 60% (2000 est.)
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Unemployment rate:
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8.6% (2003 est.)
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Budget:
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revenues: $3.691 billion
expenditures: $3.871 billion, including capital expenditures of NA (2003 est.)
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Public debt:
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14.4% of GDP (2003)
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Industries:
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buses, vans, street and railroad cars, synthetic fibers, agricultural machinery, fertilizers, washing machines, radios, electronics, pharmaceuticals, processed foods, textiles; note - dependent on imports for energy and raw materials
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Industrial production growth rate:
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8% (2003 est.)
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Electricity - production:
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4.365 billion kWh (2001)
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Electricity - production by source:
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fossil fuel: 29.1%
hydro: 70.9%
other: 0% (2001)
nuclear: 0%
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Electricity - consumption:
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6.046 billion kWh (2001)
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Electricity - exports:
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703 million kWh (2001)
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Electricity - imports:
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2.69 billion kWh (2001)
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Oil - production:
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0 bbl/day (2001 est.)
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Oil - consumption:
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44,000 bbl/day (2001 est.)
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Oil - exports:
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NA (2001)
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Oil - imports:
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NA (2001)
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Natural gas - production:
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0 cu m (2001 est.)
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Natural gas - consumption:
|
1.7 billion cu m (2001 est.)
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Natural gas - exports:
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0 cu m (2001 est.)
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Natural gas - imports:
|
1.7 billion cu m (2001 est.)
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Agriculture - products:
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grain, sugar beets, potatoes, vegetables; beef, pork, milk, eggs; fish
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Current account balance:
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$-955.9 million (2003)
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Exports:
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$3 billion f.o.b. (2003 est.)
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Exports - commodities:
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wood and wood products, machinery and equipment, metals, textiles, foodstuffs
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Exports - partners:
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UK 20.5%, Germany 12.2%, Sweden 11.6%, US 10%, Estonia 4.7%, Russia 4.4%, Denmark 4.3% (2003 est.)
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Imports:
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$4.921 billion f.o.b. (2003 est.)
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Imports - commodities:
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machinery and equipment, chemicals, fuels, vehicles
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Imports - partners:
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Germany 16%, Russia 14.3%, Lithuania 11%, Estonia 6.7%, Finland 5.7%, Sweden 5.5%, Italy 4.9% (2003 est.)
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Reserves of foreign exchange & gold:
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$1.535 billion (2003)
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Debt - external:
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$6.793 billion (2003 est.)
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Economic aid - recipient:
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$96.2 million (1995)
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Currency code:
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LVL
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Exchange rates:
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lati per US dollar - 0.5715 (2003), 0.6182 (2002), 0.6279 (2001), 0.6065 (2000), 0.5852 (1999)
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Fiscal year:
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calendar year
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