Yemen
NA
Zambia
NA
Zimbabwe
National Constitutional Assembly or NCA [Lovemore MADHUKU];
Crisis in Zimbabwe Coalition [Brian KAGORO]; Zimbabwe Congress of
Trade Unions or ZCTU [Lovemore MATOMBO]
This page was last updated on 10 February, 2005
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@2116 Economy - overview
Afghanistan
Afghanistan's economic outlook has improved
significantly over the past two years because of the infusion of
over $2 billion in international assistance, dramatic improvements
in agricultural production, and the end of a four-year drought in
most of the country. However, Afghanistan remains extremely poor,
landlocked, and highly dependent on foreign aid, farming, and trade
with neighboring countries. It will probably take the remainder of
the decade and continuing donor aid and attention to raise
Afghanistan's living standards up from its current status among the
lowest in the world. Much of the population continues to suffer from
shortages of housing, clean water, electricity, medical care, and
jobs, but the Afghan government and international donors remain
committed to improving access to these basic necessities by
prioritizing infrastructure development, education, housing
development, jobs programs, and economic reform over the next year.
Growing political stability and continued international commitment
to Afghan reconstruction create an optimistic outlook for
maintaining improvements to the Afghan economy in 2004. The
replacement of the opium trade - which may account for one-third of
GDP - is one of several potential spoilers for the economy over the
long term.
Akrotiri
Economic activity is limited to providing services to the
military and their families located in Akrotiri. All food and
manufactured goods must be imported.
Albania
Poor and backward by European standards, Albania is making
the difficult transition to a more modern open-market economy. The
government has taken measures to curb violent crime and to spur
economic activity and trade. The economy is bolstered by remittances
from abroad of $400-$600 million annually, mostly from Greece and
Italy; this helps offset the sizable trade deficit. Agriculture,
which accounts for one-half of GDP, is held back because of frequent
drought and the need to modernize equipment and consolidate small
plots of land. Severe energy shortages and antiquated and inadequate
infrastructure make it difficult to attract and sustain foreign
investment. The government plans to boost energy imports to relieve
the shortages and is moving slowly to improve the poor national road
and rail network, a long-standing barrier to sustained economic
growth.
Algeria
The hydrocarbons sector is the backbone of the economy,
accounting for roughly 60% of budget revenues, 30% of GDP, and over
95% of export earnings. Algeria has the seventh-largest reserves of
natural gas in the world and is the second-largest gas exporter; it
ranks 14th in oil reserves. Economic policy reforms supported by the
IMF and debt rescheduling from the Paris Club in the past decade
have helped improve Algeria's financial and macroeconomic
indicators. Because of sustained high oil prices in the past three
years, Algeria's finances have further benefited from substantial
trade surpluses and record foreign exchange reserves. Real GDP has
risen due to higher oil output and increased government spending.
The government's continued efforts to diversify the economy by
attracting foreign and domestic investment outside the energy
sector, however, has had little success in reducing high
unemployment and improving living standards. Structural reform
within the economy moves ahead slowly.