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    Eslovaquia Econom�a 2000

      Econom�a - descripci�n: Slovakia continues the difficult transition from a centrally planned economy to a modern market economy. It started 1999 faced with a sharp slowdown in GDP growth, large budget and current account deficits, fast-growing external debt, and persisting corruption, but made considerable progress toward achieving macroeconomic stabilization later in the year. Tough austerity measures implemented in May cut the overall fiscal deficit from 6% in 1998 to under 4% of GDP, and the current account deficit was halved to an estimated 5% of GDP. Slovakia was invited by the EU in December to begin accession negotiations early in 2000. Foreign investor interest, although rising, has not yet led to actual deals; several credit rating agencies have upgraded their outlook for the country. However, Slovakia's fiscal position remains weak; inflation and unemployment remain high; and the government is only now addressing the structural problems inherited from the MECIAR period, such as large inefficient enterprises, an insolvent banking sector and high inter-company debts, and declining tax and social support payments. Furthermore, the government faces considerable public discontent over the government's austerity package, persistent high unemployment - which reached an all-time high of 20% in December 1999 - rising consumer prices, reduced social benefits, and declining living standards. Real GDP is forecast to stagnate in 2000; inflationary pressures will remain strong due to further price liberalization; and little scope exists for further fiscal consolidation in the 2000 budget, which is based on rosier assumptions than nearly all private forecasts.

      Producto Bruto Interno (PBI): purchasing power parity - $45.9 billion (1999 est.)

      PBI - Indice de Incremento real: 1.9% (1999 est.)

      PBI - por capital: purchasing power parity - $8,500 (1999 est.)

      PBI - Composici�n por Sector:
      agriculture: 5%
      industry: 33%
      services: 62% (1998)

      Poblaci�n bajo linea de pobertad: NA%

      Ingreso en casa o porcentage de consumci�n:
      lowest 10%: 5.1%
      highest 10%: 18.2% (1992)

      Indice de Inflaci�n (precios del consumidor): 14% (1999 est.)

      Fuerza Laboral: 3.32 million (1997)

      Fuerza Laboral - por ocupaci�n: industry 29.3%, agriculture 8.9%, construction 8%, transport and communication 8.2%, services 45.6% (1994)

      Indice de desempleo: 20% (1999 est.)

      Presupuesto:
      revenues: $5.4 billion
      expenditures: $5.8 billion, including capital expenditures of $NA (1999 est.)

      Industrias: metal and metal products; food and beverages; electricity, gas, coke, oil, nuclear fuel; chemicals and manmade fibers; machinery; paper and printing; earthenware and ceramics; transport vehicles; textiles; electrical and optical apparatus; rubber products

      Industrial production growth rate: 0.9% (1998)

      Electricidad - Producci�n: 20.035 billion kWh (1998)

      Electricidad - producci�n por fuente:
      fossil fuel: 24%
      hydro: 20%
      nuclear: 56%
      other: 0% (1999 est.)

      Electricidad - consumci�n: 23.3 billion kWh (1999 est.)

      Electricidad - exportaciones: 920 million kWh (1999 est.)

      Electricidad - importaciones: 840 million kWh (1999 est.)

      Agricultura - productos: grains, potatoes, sugar beets, hops, fruit; pigs, cattle, poultry; forest products

      Exportaciones: $10.1 billion (f.o.b., 1999 est.)

      Exporationes - comodidades: machinery and transport equipment 37%; intermediate manufactured goods 30%, miscellaneous manufactured goods 13%; chemicals 9%; raw materials 4% (1998)

      Exportaciones - socios: EU 56% (Germany 29%, Austria 7%), Czech Republic 20%, Poland 7% (1998)

      Importaciones: $11.2 billion (f.o.b., 1999 est.)

      Importaciones - comodidades: machinery and transport equipment 40%; intermediate manufactured goods 18%; fuels 11%; chemicals 11%; miscellaneous manufactured goods 10% (1998)

      Importaciones - socios: EU 50% (Germany 26%, Italy 6%), Czech Republic 18%, Russia 10% (1998)

      Deuda - externa: $10.6 billion (1999)

      Ayuda economica - recipiente: $421.9 million (1995)

      Moneda: 1 koruna (Sk) = 100 halierov

      Indice de intercambio: koruny (Sk) per US$1 - 42.059 (January 2000), 41.363 (1999), 35.233 (1998), 33.616 (1997), 30.654 (1996), 29.713 (1995)

      A�o Fiscal: calendar year

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