Morocco's economy is considered a liberal economy governed by the law of supply and demand although certain economic sectors still remain in the hands of the government. The dirham is the currency of Morocco. ... For other uses of the initials WTO, see WTO (disambiguation). ... 2005 is a common year starting on Saturday of the Gregorian calendar. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... 2005 is a common year starting on Saturday of the Gregorian calendar. ... Services are: plural of service Tertiary sector of industry IRC services Web services the name of a first-class cricket team in India This is a disambiguation page — a navigational aid which lists other pages that might otherwise share the same title. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... 2005 is a common year starting on Saturday of the Gregorian calendar. ... Map of countries showing percentage of population who have an income below the national poverty line The poverty line is the level of income below which one cannot afford to purchase all the resources one requires to live. ... 2005 is a common year starting on Saturday of the Gregorian calendar. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... Services are: plural of service Tertiary sector of industry IRC services Web services the name of a first-class cricket team in India This is a disambiguation page — a navigational aid which lists other pages that might otherwise share the same title. ... 2003 is a common year starting on Wednesday of the Gregorian calendar, and also: The International Year of Freshwater The European Disability Year Events January events January 1 Luíz Inácio Lula Da Silva becomes the 37th President of Brazil. ... An 1837 political cartoon about unemployment in the United States. ... 2005 is a common year starting on Saturday of the Gregorian calendar. ... In chemistry, a phosphate is a polyatomic ion or radical consisting of one phosphorus atom and four oxygen. ... Food processing is the set of methods and techniques used to transform raw ingredients into food for consumption by humans. ... Fishing is the activity of hunting for fish by hooking, trapping, or gathering animals not classifiable as insects which breathe in water or pass their lives in water. ... Modern leather-working tools Leather is a material created through the tanning of hides, pelts and skins of animals, primarily cows. ... This article is about the type of fabric. ... In large construction projects, such as skyscrapers, cranes are essential. ... Tourists at Oahu island, Hawaii Tourism is the act of travel for predominantly recreational or leisure purposes, and also refers to the provision of services in support of this act. ... 2005 is a common year starting on Saturday of the Gregorian calendar. ... Men and women wearing suits, an example of one of the many modern forms of clothing (from the 1937 Chicago Woolen Mills catalog) Clothing is defined, in its broadest sense, as coverings for the torso and limbs as well as coverings for the hands (gloves), feet (socks, shoes, sandals, boots... A giant grouper at the Georgia Aquarium Fish are aquatic vertebrates that are typically cold-blooded; covered with scales, and equipped with two sets of paired fins and several unpaired fins. ... A chemical substance is any material substance used in or obtained by a process in chemistry: A chemical compound is a substance consisting of two or more chemical elements that are chemically combined in fixed proportions. ... Photo of transistor types (tape measure marked in centimeters) Transistor in the SMD form factor The transistor is a solid state semiconductor device used for amplification and switching. ... Minerals are natural compounds formed through geological processes. ... Fertilizers are chemicals given to plants with the intention of promoting growth; they are usually applied either via the soil or by foliar spraying. ... In chemistry, a phosphate is a polyatomic ion or radical consisting of one phosphorus atom and four oxygen. ... Fruit stall in Barcelona, Spain. ... Vegetables in a market Venn diagram representing the relationship between (botanical) fruits and vegetables. ... 2005 is a common year starting on Saturday of the Gregorian calendar. ... 2005 is a common year starting on Saturday of the Gregorian calendar. ... Pumpjack pumping an oil well near Sarnia, Ontario Ignacy Łukasiewicz - inventor of the refining of kerosene from crude oil. ... Sunday textile market on the sidewalks of Karachi, Pakistan. ... Telecommunication involves the transmission of signals over a distance for the purpose of communication. ... Species T. aestivum T. boeoticum T. compactum T. dicoccoides T. dicoccon T. durum T. monococcum T. spelta T. sphaerococcum References:   ITIS 42236 2002-09-22 For the indie rock group see: Wheat (band). ... A gas is one of the four major phases of matter (after solid and liquid, and followed by plasma, that subsequently appear as a solid material is subjected to increasingly higher temperatures. ... Lightning strikes during a night-time thunderstorm. ... Assorted transistors A transistor is a semiconductor device that uses a small amount of voltage or electrical current to control a larger change in voltage or current. ... The term plastics covers a range of synthetic or semi-synthetic organic condensation or polymerization products that can be molded or extruded into objects or films or fibers. ... 2005 is a common year starting on Saturday of the Gregorian calendar. ... 2005 is a common year starting on Saturday of the Gregorian calendar. ... 2005 is a common year starting on Saturday of the Gregorian calendar. ... 2005 is a common year starting on Saturday of the Gregorian calendar. ... 2002 is a common year starting on Tuesday of the Gregorian calendar. ... This article or section does not cite its references or sources. ... The supply and demand model describes how prices vary as a result of a balance between product availability at each price (supply) and the desires of those with purchasing power at each price (demand). ...

The economic system of the country presents several facets. It is characterized by a large opening towards the outside. France remains the first trade partner (supplier and customer) of Morocco. France is also the first creditor and foreign investor in Morocco. A fruit stand at a market. ... A creditor is a party (e. ... Investment is a term with several closely-related meanings in finance and economics. ...

We can quote the various agreements of free trade that Morocco ratified with its principal economic partners like The Euro-Mediterranean free trade area agreement with the European Union with the objective of integrating the European Free Trade Association at the horizons of 2012; the Agadir Agreement, signed with Egypt, Jordan, and Tunisia, within the framework of the installation of the Arab Zone of Free Exchange; the US-Morocco Free Trade Agreement with USA which came into force in January 1, 2006 and lately the agreement of free exchange with Turkey. (See section below) Free trade is an economic concept referring to the selling of products between countries without tariffs or other trade barriers. ... The Euro-Mediterranean free trade area (EU-MEFTA) is based on the Barcelona Process and European Neighbourhood Policy (ENP). ... The European Free Trade Association (EFTA) was established on May 3, 1960 as an alternative for European states that were not allowed or did not wish to join the European Community (now the European Union). ... 2012 (MMXII) will be a leap year starting on Sunday of the Gregorian calendar. ... Map of the Agadir Agreement Members The Agadir Agreement for the Establishment of a Free Trade Zone between the Arabic Mediterranean Nations was signed in Rabat, Morocco on 25 February 2004. ... US-Morocco Free Trade Agreement (or Morocco FTA) is a bilateral Free Trade Agreement between USA and Morocco. ... January 1 is the first day of the calendar year in both the Julian and Gregorian calendars. ... For the Manfred Mann album, see 2006 (album). ...

Macro-economic trend

Morocco is a fairly stable economy with continuous growth over the past half-a-century. Current GDP per capita grew 47% in the Sixties reaching a peak growth of 274% in the Seventies. However this proved unsustainable and growth scaled back sharply to just 8.2% in the Eighties and 8.9% in the Nineties.

This is a chart of trend of gross domestic product of Morocco at market prices estimated by the International Monetary Fund with figures in millions of Moroccan Dirhams.

For purchasing power parity comparisons, the US Dollar is exchanged at 3.33 Dirhams only.

Since the early 1980s the Moroccan government has pursued an economic program toward these objectives with the support of the International Monetary Fund, the World Bank, and the Paris Club of creditors. The country's currency, the dirham, is now fully convertible for current account transactions; reforms of the financial sector have been implemented; and state enterprises are being privatized. The 1980s refers to the years of 1980 to 1989. ... The Moroccan Constitution provides for a monarchy with a Parliament and an independent judiciary. ... The International Monetary Fund (IMF) is an international organization that oversees the global financial system by observing exchange rates and balance of payments, as well as offering financial and technical assistance when requested. ... Logo of the World Bank The International Bank for Reconstruction and Development (IBRD, in Romance languages: BIRD), better known as the World Bank, is an international organization whose original mission was to finance the reconstruction of nations devastated by WWII. Now, its mission has expanded to fight poverty by means... The Paris Club is an informal group of financial officials from 19 of the worlds richest countries, which provides financial services such as debt restructuring, debt relief, and debt cancellation to indebted countries and their creditors. ... The dirham is the currency of Morocco. ...

Drought conditions depressed activity in the key agricultural sector, and contributed to an economic slowdown in 1999. Favourable rainfalls have led Morocco to predict a growth of 6% for 2000. Formidable long-term challenges include: servicing the external debt; preparing the economy for freer trade with the EU; and improving education and attracting foreign investment to improve living standards and job prospects for Morocco's youthful population. A drought is a period of time when there is not enough water to support agricultural, urban or environmental water needs. ...

Macroeconomic stability coupled with relatively slow economic growth characterize the Moroccan economy over the past several years. The present government has introduced a number of important economic reforms over the past several years. The economy, however, remains overly dependent on the agriculture sector. Morocco's primary economic challenge is to accelerate growth in order to reduce high levels of unemployment. World GDP/capita changed very little for most of human history before the industrial revolution. ...

Through a foreign exchange rate anchor and well-managed monetary policy, Morocco has held inflation rates to industrial country levels over the past decade. Inflation in 2000 and 2001 were below 2%. Despite criticism among exporters that the dirham has become badly overvalued, the current account deficit remains modest. Foreign exchange reserves are strong, with more than $7 billion in reserves at the end of 2001. The combination of strong foreign exchange reserves and active external debt management gives Morocco the capacity to service its debt. Current external debt stands at about $19 billion. Foreign exchange reserves are the foreign currency deposits held by central banks and monetary authorities. ...

Economic growth, however, has been erratic and relatively slow, partially as a result of an over-reliance on the agriculture sector. Agriculture production is extremely susceptible to rainfall levels and ranges from 13% to 20% of GDP. Given that almost 50% of Morocco's population depends directly on agriculture production, droughts have a severe knock-on effect to the economy. Two successive years of drought led to a 0.7% decline in real GDP in 1999 and stagnation in 2000. Better rains during the 2000 to 2001 growing season led to an estimated 6% growth rate in 2001. Over the long term, Morocco will have to diversify its economy away from agriculture to develop a more stable economic basis for growth.

The strongest point of Moroccan industry is phosphate mining near Khouribga and in Western Sahara. Morocco controls approximately two thirds of the world's phosphate reserves, placing it in a higher league than its major competitors, the People's Republic of China, Russia, and the United States. Although it employs only 2% of the population, phosphate mining is responsible for half of the nation's income. Above is a ball-and-stick model of the inorganic hydrogenphosphate anion (HPO42−). Colour coding: P (orange); O (red); H (white). ... Khouribga : a city in Morocco with a population of 152,090. ...

The current government has introduced a series of structural reforms in recent years. The most promising reforms have been in the liberalization of the telecommunications sector. This process started with the sale of a second GSM license in 1999. In 2001, the process continued with the privatization of 35% of the state operator Maroc Telecom. Morocco has announced plans to sell two fixed licenses in 2002. Morocco also has liberalized rules for oil and gas exploration and has granted concessions for many public services in major cities. The tender process in Morocco is becoming increasingly transparent. Many believe, however, that the process of economic reform must be accelerated in order to reduce urban unemployment below the current rates above 20%.

Morocco has signed Free Trade Agreements with the United States of America and the European Union. The agreement with the United States has been ratified on July 22, 2004 in the United States Senate, by a vote of 85 to 13, while the agreement with the EU is to take effect by 2010.

Agriculture

Morocco consistently ranks among the world's largest producers and exporters of cannabis, and its cultivation and sale provide the economic base for much of northern Morocco. The cannabis is typically processed into hashish. This activity represents 0.57% of Morocco's Gross Domestic Product (GDP), being Morocco’s primary source of hard currency. A UN survey in 2003 estimated cannabis cultivation at about 1340 km² in Morocco's five northern provinces. This represented 10% of the total area and 27% of the arable lands of the surveyed territory and 1.5% of Morocco's total arable land^[1]. Morocco is a party to the 1988 UN Drug Convention and in 1992 Morocco passed legislation designed to implement it and its new national strategy against drugs formulated by its National Committee on Narcotics was adopted in 2005. That same year, the International Narcotics Control Board commended the Government of Morocco for its efforts to eradicate cannabis plant cultivation on its territory, which has resulted in the total potential production of cannabis resin in the Rif region decreasing by 10 per cent over the previous year. At the same time the board called upon the international community to support its efforts where possible^[2]. Look up Cannabis in Wiktionary, the free dictionary. ... Confiscated hashish from the United States Drug Enforcement Administration. ... 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ... United Nations Convention Against Illicit Traffic in Narcotic Drugs and Psychotropic Substances Opened for signature December 20, 1988[1] in Vienna Entered into force November 11, 1990[2] Conditions for entry into force 20 ratifications Parties 170[3] The 1988 United Nations Convention Against Illicit Traffic in Narcotic Drugs and... Mr. ... This is about a region in Morocco: RIF is also an acronym/initialism. ...

The country is the largest fish market in Africa, with an estimated total catch of 1,084,638 MT in 2001. A new four-year fishery agreement with the European Union will allow European vessels, mostly from Spain, to operate in Moroccan and Western Saharan waters in exchange for an economic compensation programme, which the National Fishery Office of Morocco intends to use to boost modernisation of its domestic fishery sector. ^[3] There have been constant disputes with Spain over fishing rights since 1973 when Morocco declared a Exclusive Economic Zone (EEZ), resulting on a 70 mile (130 km) coastal fishing limit. This was extended to 200 miles (370 km) in 1981^[4]. This "fish war" with Spain and the EU made daily headlines in Morocco. 1973 (MCMLXXIII) was a common year starting on Monday. ... Sea areas in international rights Under the law of the sea, an Exclusive Economic Zone (EEZ) is a seazone over which a state has special rights over the exploration and use of marine resources. ...

It is also the largest almond producer in Africa, amounting to 1.7% of the world production, about 6,000 tonnes in kernels, marketed only for the domestic market.^[5]

Industry

Morocco is the largest silver market in Africa and second largest exporter of phosphate in the world

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Trade agreements

Morocco signed in 1996 an agreement of association with the European Union which came into effect in 2000. This agreement, which lies within the scope of the Barcelona Process (euro-Mediterranean partnership) started in 1995 and envisages the progressive implementation of a free trade area planned for 2012. 1996 (MCMXCVI) was a leap year starting on Monday of the Gregorian calendar, and was designated the International Year for the Eradication of Poverty. ... This article is about the year 2000. ... The Barcelona Conference or Common Strategy on the Mediterranean Region occurred on November 27-28 1995. ... 1995 (MCMXCV) was a common year starting on Sunday of the Gregorian calendar. ... A free trade area is a designated group of countries that have agreed to eliminate tariffs, quotas and preferences on most (if not all) goods between them. ... 2012 (MMXII) will be a leap year starting on Sunday of the Gregorian calendar. ...

Foreign investments

Foreign nationals can invest freely in all the sectors, without any preliminary authorization.

In 2005 FDI in Morocco increased from $1.07 billion to $2.9 billion from 2004 to 2005. ^[6] 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... Foreign direct investment (FDI) is the movement of capital across national frontiers in a manner that grants the investor control over the acquired asset. ...

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Moroccan companies and industrial sectors

Morocco counts around 60,000 companies of which 20,000 employs more than 10 employees. By 1999, 6,500 industrial companies of which 92% were Small and medium enterprises (less than 200 employees). The industrial sector constitutes one of the pillars of the Moroccan economy and offers real direct investment appropriatenesses, whether it is for operations of joint venture or subcontracting. Many possibilities exist in the fields of mechanics, metallurgy, electricity, electronics, plastics, information technologies and communication. Other more traditional sectors like leather, textiles, chemistry and building materials also interest foreign investors. 1999 (MCMXCIX) was a common year starting on Friday, and was designated the International Year of Older Persons by the United Nations. ... Small and Medium-sized Enterprises or SMEs are companies whose headcount or turnover falls below certain limits. ... Mechanics (Greek ) is the branch of physics concerned with the behaviour of physical bodies when subjected to forces or displacements, and the subsequent effect of the bodies on their environment. ... Metallurgy is a domain of materials science and of materials engineering that studies the physical and chemical behavior of metallic elements, their intermetallic compounds, and their mixtures, which are called alloys. ... Lightning strikes during a night-time thunderstorm. ... The field of electronics comprises the study and use of systems that operate by controlling the flow of electrons (or other charge carriers) in devices such as thermionic valves (vacuum tubes) and semiconductors. ... The term plastics covers a range of synthetic or semi-synthetic organic condensation or polymerization products that can be molded or extruded into objects or films or fibers. ... Category: Information technology ... Modern leather-working tools Leather is a material created through the tanning of hides, pelts and skins of animals, primarily cows. ... This article is about the type of fabric. ... Chemistry (from Greek χημεία khemeia[1] meaning alchemy) is the science of matter at the atomic to molecular scale, dealing primarily with collections of atoms, such as gases, molecules, crystals, and metals. ... Building material is any material which is used for a construction purpose. ... Investment is a term with several closely-related meanings in finance and economics. ...

Handicaps

The Moroccan economy has been facing the problems typical of developing countries—restraining government spending, reducing constraints on private activity and foreign trade, and achieving sustainable economic growth. Current GDP per capita of Morocco grew 47% in the Sixties reaching a peak growth of 274% in the Seventies. But this proved unsustainable and growth consequently scaled back to 8.20% in the Eighties and 8.90% in the Nineties. Morocco is one of the rare Arab countries not to have significant oil and gas resources.  High human development Medium human development Low human development Unavailable A developing country has a relatively low standard of living, an undeveloped industrial base, and a moderate to low Human Development Index (HDI) score. ... Government spending consists of government purchases, including transfer payments, which can be financed by seigniorage (the creation of money for government funding), taxes, or government borrowing. ... International trade is defined as trade between two or more partners from different countries (an exporter and an importer). ... World GDP/capita changed very little for most of human history before the industrial revolution. ... For other uses, see Arab (disambiguation). ... Natural olive oil Synthetic motor oil Oil, in a general sense, is a chemical compound that is not miscible with water, and is in a liquid state at ambient temperatures. ... A gas is one of the four major phases of matter (after solid and liquid, and followed by plasma, that subsequently appear as a solid material is subjected to increasingly higher temperatures. ...

See also

• Economy of Africa
• Bank Al-Maghrib — Central bank of Morocco
• Morocco and the European Union

The economy of Africa consists of the trade, industry, and resources of the peoples of Africa. ... The Bank Al-Maghrib is the central bank of the Kingdom of Morocco. ... Morocco and the European Unions relationship has been established since decades ago. ...

Notes

1. ^ http://www.unis.unvienna.org/unis/pressrels/2003/unisnar826.html "Europe's Drug Consumption Stimulates Cannabis Cultivation in Morocco", news release published by the UN Information Service, 16 December 2003
2. ^ http://www.incb.org/pdf/e/ar/2005/incb_report_2005_3.pdf Report of the International Narcotics Control Board for 2005, a United Nations publication. ISBN 92-1-148209-7. Page 45
3. ^ http://www.infosamak.org/english/actualite.cfm?id=283
4. ^ http://www.american.edu/ted/ice/morspain.htm "Morocco and Fishing", Inventory of Conflict and Environment Cases, published by American University, Washington (DC), USA
5. ^ http://www.fao.org/docrep/X5337E/x5337e02.htm
6. ^ FDI into Morocco reach nearly $3 billion in 2005

The United Nations (UN) is an international organization whose stated aims are to facilitate co-operation in international law, international security, economic development, social progress and human rights issues. ...

External links

• Kingdom of Morocco - Country Strategy Paper 2003-2005 - African Development Bank
• Description of the US-Moroccan FTA
• Final Text of the US-Moroccan FTA
• Description of benefits of the US-Moroccan FTA
• Moroccan-American Trade and Investment Council
• Maroc Entrepreneurs : Association dedicated to the Promotion of Entrepreneurship in Morocco

v • d • e

World Trade Organization (WTO)

Albania • Angola • Antigua and Barbuda • Argentina • Armenia • Australia • Bahrain, Kingdom of • Bangladesh • Barbados • Belize • Benin • Bolivia • Botswana • Brazil • Brunei Darussalam • Burkina Faso • Burundi • Cambodia • Cameroon • Canada • Central African Republic • Chad • Chile • China • Colombia • Congo • Costa Rica • Cote d'Ivoire • Croatia • Cuba • Democratic Republic of the Congo • Djibouti • Dominica • Dominican Republic • Ecuador • Egypt • El Salvador • European Communities¹ • Fiji • Former Yugoslav Republic of Macedonia (FYROM) • Gabon • The Gambia • Georgia • Ghana • Grenada • Guatemala • Guinea • Guinea Bissau • Guyana • Haiti • Honduras • Hong Kong, China • Iceland • India • Indonesia • Israel • Jamaica • Japan • Jordan • Kenya • Korea, Republic of • Kuwait • Kyrgyz Republic • Lesotho • Liechtenstein • Macao, China • Madagascar • Malawi • Malaysia • Maldives • Mali • Mauritania • Mauritius • Mexico • Moldova • Mongolia • Morocco • Mozambique • Myanmar • Namibia • Nepal • New Zealand • Nicaragua • Niger • Nigeria • Norway • Oman • Pakistan • Panama • Papua New Guinea • Paraguay • Peru • Philippines • Qatar • Rwanda • Saint Kitts and Nevis • Saint Lucia • Saint Vincent & the Grenadines • Saudi Arabia • Senegal • Sierra Leone • Singapore • Solomon Islands • South Africa • Sri Lanka • Suriname • Swaziland • Switzerland • Separate Customs Territory of Taiwan, Penghu, Kinmen, and Matsu • Tanzania • Thailand • Togo • Trinidad and Tobago • Tunisia • Turkey • Uganda • United Arab Emirates • United States of America • Uruguay • Venezuela (Bolivarian Republic of) • Vietnam • Zambia • Zimbabwe

¹ All twenty-seven member states of the European Union are also members of the WTO in their own right:
Austria • Belgium • Bulgaria • Cyprus • Czech Republic • Denmark • Estonia • Finland • France • Germany • Greece • Hungary • Ireland • Italy • Latvia • Lithuania • Luxembourg • Malta • Netherlands (— For the Kingdom in Europe and for the Netherlands Antilles) • Poland • Portugal • Romania • Slovakia • Slovenia • Spain • Sweden • United Kingdom The African Development Bank (AfDB) is a development bank established in 1964 with the intention of promoting economic and social development in Africa. ... The World Trade Organization (WTO, French: , Spanish: ) is an international organization that establishes rules for international trade through consensus among its member states. ... Image File history File links Download high-resolution version (1357x628, 17 KB)World map of World Trade Organization (WTO) members/non-members, 2005; based on Image:BlankMap-World-v2. ... Economy - overview: Antigua and Barbudas economy is service-based, with tourism and government services representing the key sources of employment and income. ... According to the 2006 Index of Economic Freedom published by the Heritage Foundation and the Wall Street Journal, Bahrain has the freest economy in the Middle East and is twenty-fifth overall in the world. ... The Asian financial crisis in 1997 and 1998, coupled with fluctuations in the price of oil have created uncertainty and instability in Bruneis economy. ... Burkina Faso is one of the poorest countries in the world with an average income per capita of €250 (US$300). ... Economy - overview: The Central African Republic is classified as one of the worlds least developed countries, with an annual per capita income of $310 (2000). ... To meet Wikipedias quality standards, this article or section may require cleanup. ... The Ivorian economy is largely market based and depends heavily on the agricultural sector. ... Sparsely populated in relation to its area, the Democratic Republic of the Congo is home to a vast potential of natural resources and mineral wealth, yet the economy of the DROC has declined drastically since the mid-1980s. ... The Dominican Republic is a middle-income developing country primarily dependent on agriculture, trade, and services, especially tourism. ... // Overview The Salvadoran economy continues to benefit from a commitment to free markets and careful fiscal management. ... The European Union has the worlds largest economy, larger than that of the United States of America with a 2005 GDP of 12,865,602 million vs. ... Economy - overview: The breakup of Yugoslavia in 1991 deprived F.Y.R.O.M. (Former Yugoslav Republic of Macedonia), then its poorest republic (only 5% of the total federal output of goods and services), of its key protected markets and large transfer payments from the center. ... Economy - overview: The Gambia has no important mineral or other natural resources and has a limited agricultural base. ... Economy - overview: Guinea-Bissau is among the worlds least developed nations and one of the 20 poorest countries in the world, and depends mainly on agriculture and fishing. ... Other Hong Kong topics Culture - Education Geography - History - Politics Hong Kong Portal The economy of Hong Kong is widely believed to be the economically freest in the world. ... Currency 1 South Korean Won (W) = 100 Jeon(Chŏn) (theoretical) Fiscal year Calendar year Trade organisations APEC, WTO and OECD Statistics [1] GDP ranking 10th by volume (at nominal) (2005); 14th by volume (at PPP) (2005); GDP (Nominal) $801. ... The economy of Kyrgyzstan was severely affected by the collapse of the Soviet trading block. ... The economy of Macau is based largely on tourism (including gambling) and textile and fireworks manufacturing. ... // Economic Profile Since 1984 the government of New Zealand has accomplished major economic restructuring, moving an agrarian economy dependent on concessionary British market access toward a more industrialized, free market economy that can compete globally. ... Overview Papua New Guinea is richly endowed with natural resources, but exploitation has been hampered by the rugged terrain and the high cost of developing infrastructure. ... Saint Kitts and Nevis was the last sugar monoculture in the Eastern Caribbean. ... Saint Lucias economy depends primarily on revenue from banana production and tourism with some input from small-scale manufacturing. ... The St. ... Economy - overview: Saudi Arabia has an oil-based economy with strong government controls over major economic activities. ... To meet Wikipedias quality standards, this article may require rewriting and/or reformatting. ... A per capita GDP of $340 ranks Solomon Islands as a lesser developed nation. ... To meet Wikipedias quality standards, this article may require rewriting and/or reformatting. ... // With an economy of $80. ... Dr. Sun Yat-Sen decorates a 100NT bill. ... Trinidad and Tobago experienced a real growth rate of 3. ... Prior to the first exports of oil in 1962, the United Arab Emirates economy was dominated by pearl production, fishing, agriculture, and herding. ... The United States has the biggest national economy in the world, with a GDP for 2006 of $13. ... The economy of Venezuela is still based on oil, although efforts have been made to develop heavy industry, e. ... The Netherlands has a prosperous and open economy, which depends heavily on foreign trade. ...