Economy Overview
Despite a favorable investment regime, including low, flat corporate income taxes, significant challenges remain. Corruption in public administration, a weak judiciary, and the presence of organized crime continue to hamper the country's investment climate and economic prospects.
Agriculture Products
vegetables, fruits, tobacco, wine, wheat, barley, sunflowers, sugar beets; livestock
Industries
electricity, gas, water; food, beverages, tobacco; machinery and equipment, base metals, chemical products, coke, refined petroleum, nuclear fuel
Industrial Production Growth Rate
2.7% (2015 est.)
Labor Force
2.552 million
Labor Force by Occupation
Agriculture: 7%
Industry: 30.1%
Services: 62.9% (2014)
Unemployment Rate
11.2% (2014 est.)
Population Below Poverty Line
21.8% (2014 est.)
Household Income or Consumption by Percentage Share
Lowest 10%: 2%
Highest 10%: 35.2% (2007)
Distribution of Family Income Gini Index
31.2 (2005)
Budget
Revenues: $18.25 billion
Expenditures: $19.12 billion (2015 est.)
Public Debt
27% of GDP (2014 est.)
Central Bank Discount Rate
0.03% (31 December 2014)
Commercial Bank Prime Lending Rate
Stock of Narrow Money
$19.34 billion (31 December 2014 est.)
Stock of Broad Money
$37.99 billion (31 December 2014 est.)
Stock of Domestic Credit
$32.47 billion (31 December 2014 est.)
Market Value of Publicly Traded Shares
$6.666 billion (31 December 2012 est.)
Reserves of Foreign Exchange and Gold
$20.11 billion (31 December 2014 est.)
Debt External
$48.74 billion (31 December 2014 est.)
Stock of Direct Foreign Investment at Home
$51.78 billion (31 December 2014 est.)
Stock of Direct Foreign Investment Abroad
$5.354 billion (31 December 2014 est.)
Exchange Rates
1.4053 (2011 est.)
