Economy

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Economy - overview:

Cruiswieck has an enviable capitalist economy with a per capita GDP on par with the four dominant Niverian economies. Rising output in the domestic economy, robust business and consumer confidence, and rising exports of raw materials and agricultural products are fueling the economy. Cruiswieck's emphasis on reforms, low inflation, and growing ties with other Niverian economies are other key factors behind the economy's strength. 

GDP (purchasing power parity):

$640.1 billion 

GDP (official exchange rate):

$612.8 billion 

GDP - real growth rate:

2.5% 

GDP - per capita (PPP):

$31,900 

GDP - composition by sector:

agriculture: 4%
industry: 26.4%
services: 69.6% 

Labor force:
10.42 million 
Labor force - by occupation:
agriculture: 3.6%
industry: 21.2%
services: 75.2% 
Unemployment rate:
5.2% 
Population below poverty line:
NA%
Household income or consumption by percentage share:
lowest 10%: 2%
highest 10%: 25.4% 
Distribution of family income - Gini index:
35.2 
Inflation rate (consumer prices):
2.7% 
Investment (gross fixed):
24.8% of GDP 
Budget:
revenues: $249.8 billion
expenditures: $240.2 billion; including capital expenditures of $NA 
Public debt:
16.2% of GDP 
Agriculture - products:
grain, sugar beets, potatoes, vegetables; beef, milk, eggs; fish, turnips, barley, potatoes, sugar beets, wheat; beef, dairy products  
Industries:
machinery and equipment, chemicals, fuels, data processing equipment, other machinery and equipment, chemicals,  petroleum and petroleum products, textiles, clothing, mining, industrial and transportation equipment, food processing, steel
Industrial production growth rate:
1.6% 
Electricity - production:
237 billion kWh (2004)
Electricity - consumption:
221 billion kWh (2004)
Electricity - exports:
0 kWh (2003)
Electricity - imports:
0 kWh (2003)
Oil - production:
530,000 bbl/day 
Oil - consumption:
875,600 bbl/day 
Oil - exports:
523,400 bbl/day (2001)
Oil - imports:
530,800 bbl/day (2001)
Oil - proved reserves:
3.664 billion bbl (1 January 2002)
Natural gas - production:
35.6 billion cu m (2003 est.)
Natural gas - consumption:
25.08 billion cu m (2003 est.)
Natural gas - exports:
9.744 billion cu m (2001 est.)
Natural gas - imports:
0 cu m (2001 est.)
Natural gas - proved reserves:
2.549 trillion cu m (1 January 2002)
Current account balance:
$-41.1 billion 
Exports:
$103 billion 
Exports - commodities:
wood and wood products, machinery and equipment, metals, textiles, foodstuffs, machinery and equipment, computers, chemicals, pharmaceuticals; live animals, animal products  
Exports - partners:
 Reichstad 16%, Vetlanda 14%, U.F.U.R. 12%, Abaco 10% (est)  
Imports:
$119.6 billion 
Imports - commodities:
machinery and equipment, chemicals, fuels, data processing equipment, other machinery and equipment, chemicals; petroleum and petroleum products, textiles, clothing  
Imports - partners:
 Reichstad 17%, U.F.U.R. 12%, Vetlanda 10%, Abaco 7% (est)  
Reserves of foreign exchange and gold:
$39.03 billion 
Debt - external:
$509.6 billion 
Economic aid - donor:
ODA, $894 million 
Currency (code):
1 Cruismark  = 100 pfen
Exchange rates:
1 CM = .96 Cruistiana Crown
Fiscal year:
1 July - 30 June