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    Letonia Econom�a 2000

      Econom�a - descripci�n: In 1999 Latvia, a transitional economy, experienced zero GDP growth as it continued to feel the impact of the August 1998 Russian financial crisis. Latvia officially joined the World Trade Organization (WTrO) in February 1999 - the first Baltic state to join - band was invited at the Helsinki EU Summit in December 1999 to begin accession talks in early 2000. Unemployment reached 9.6% in 1999, up from 9.2% in 1998 and 6.7% in 1997. Privatization of large state-owned utilities, especially the energy sector, faced more delays in 1999, but is expected to accelerate in the next two years. Latvia projects 3.5% GDP growth, 3% inflation, and a 2% fiscal deficit in 2000. Preparing for EU membership by 2003 remains a top foreign policy priority.

      Producto Bruto Interno (PBI): purchasing power parity - $9.8 billion (1999 est.)

      PBI - Indice de Incremento real: 0% (1999 est.)

      PBI - por capital: purchasing power parity - $4,200 (1999 est.)

      PBI - Composici�n por Sector:
      agriculture: 8%
      industry: 29%
      services: 63% (1998)

      Poblaci�n bajo linea de pobertad: NA%

      Ingreso en casa o porcentage de consumci�n:
      lowest 10%: 4.3%
      highest 10%: 22.1% (1993)

      Indice de Inflaci�n (precios del consumidor): 3.2% (1999 est.)

      Fuerza Laboral: 1.4 million (1997)

      Fuerza Laboral - por ocupaci�n: agriculture and forestry 16%, industry 41%, services 43% (1990)

      Indice de desempleo: 9.6% (1999 est.)

      Presupuesto:
      revenues: $1.33 billion
      expenditures: $1.27 billion, including capital expenditures of $NA (1998 est.)

      Industrias: buses, vans, street and railroad cars, synthetic fibers, agricultural machinery, fertilizers, washing machines, radios, electronics, pharmaceuticals, processed foods, textiles; dependent on imports for energy, raw materials, and intermediate products

      Industrial production growth rate: -5% (1999 est.)

      Electricidad - Producci�n: 4.766 billion kWh (1998)

      Electricidad - producci�n por fuente:
      fossil fuel: 29.58%
      hydro: 70.42%
      nuclear: 0%
      other: 0% (1998)

      Electricidad - consumci�n: 4.882 billion kWh (1998)

      Electricidad - exportaciones: 400 million kWh (1998)

      Electricidad - importaciones: 850 million kWh (1998)

      Agricultura - productos: grain, sugar beets, potatoes, vegetables; beef, milk, eggs; fish

      Exportaciones: $1.9 billion (f.o.b., 1999)

      Exporationes - comodidades: wood and wood products, machinery and equipment, metals, textiles, foodstuffs

      Exportaciones - socios: Germany 16%, UK 14%, Russia 12%, Sweden 10% (1998)

      Importaciones: $2.8 billion (f.o.b., 1998)

      Importaciones - comodidades: machinery and equipment, chemicals, fuels

      Importaciones - socios: Germany 17%, Russia 12%, Finland 10%, Sweden 7% (1998)

      Deuda - externa: $212 million (1998)

      Ayuda economica - recipiente: $96.2 million (1995)

      Moneda: 1 Latvian lat (LVL) = 100 santims

      Indice de intercambio: lats (LVL) per US$1 - 0.583 (January 2000),0.585 (1999), 0.590 (1998), 0.581 (1997), 0.551 (1996), 0.528 (1995)

      A�o Fiscal: calendar year

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    Revisto 01-Nov-00
    Copyright © 2000 Photius Coutsoukis (all rights reserved)


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