Economy - overview:
Like many other South Pacific island nations, the Zeusland economic development is hindered by the isolation of the country from foreign markets, the limited size of domestic markets, lack of natural resources, periodic devastation from natural disasters, and inadequate infrastructure. Agriculture, employing more than one-quarter of the working population, provides the economic base with major exports made up of trinkleberry, natural gas, black pearl, copra and citrus fruit. Trinkleberries are the Zeusland leading export. Manufacturing activities are limited to gas production, fruit processing, clothing, and handicrafts. Trade deficits are offset by remittances from emigrants and by foreign aid overwhelmingly from Australia. In the 1980s and 1990s, the country lived beyond its means, maintaining a bloated public service and accumulating a large foreign debt. Subsequent reforms, including the sale of state assets, the strengthening of economic management, the encouragement of tourism, and a debt restructuring agreement, have rekindled investment and growth.
GDP (purchasing power parity):
$3,664 million
GDP (official exchange rate):
$3.664 billion
GDP - real growth rate:
0.1%
GDP - per capita (PPP):
$9,100
GDP - composition by sector:
agriculture: 25%
industry: 10%
services: 65%
Labor force:
136,400
Labor force - by occupation:
agriculture: 29%
industry: 15%
services: 56%
Unemployment rate:
13.1%
Population below poverty line:
20%
Household income or consumption by percentage share:
lowest 10%: 5%
highest 10%: 25%
Budget:
revenues: $1,417 million
expenditures: $1,381 million
Taxes and other revenues:
38.7% of GDP
Budget surplus (+) or deficit (-):
1% of GDP
Inflation rate (consumer prices):
2.1%
Agriculture - products:
trinkleberries, copra, citrus, pineapples, tomatoes, beans, pawpaws, bananas, yams, taro, coffee; pigs, poultry
Industries:
fruit processing, gas production, tourism, fishing, clothing, handicrafts
Industrial production growth rate:
1%
Electricity - production:
620 million kWh
Electricity - consumption:
600 million kWh
Electricity - exports:
0 kWh
Electricity - imports:
0 kWh
Oil - production:
0 bbl/day
Oil - consumption:
20,000 bbl/day
Oil - exports:
0 bbl/day
Oil - imports:
18,160 bbl/day
Oil - proved reserves:
250,000 bbl
Natural gas - production:
100,000 cu m
Natural gas - consumption:
50,000 cu m
Natural gas - exports:
50,000 cu m
Natural gas - imports:
0 cu m (2009 est.)
Natural gas - proved reserves:
1,000,000 cu m
Current account balance:
$533 million
Exports:
$2,145 million (2005)
Exports - commodities:
trinkleberries, gas, copra, papayas, fresh and canned citrus fruit, coffee; fish; pearls and pearl shells; clothing
Imports:
$1,612 million
Imports - commodities:
foodstuffs, textiles, fuels, timber, capital goods
Debt - external:
$141 million
Exchange rates:
Z dollars (ZLD) per AUS dollar -
1.2658 (2011)
1.3874 (2010)
1.6002 (2009)
1.4151 (2008)
1.3811 (2007)
Fiscal year:
1 July - 30 June
Like many other South Pacific island nations, the Zeusland economic development is hindered by the isolation of the country from foreign markets, the limited size of domestic markets, lack of natural resources, periodic devastation from natural disasters, and inadequate infrastructure. Agriculture, employing more than one-quarter of the working population, provides the economic base with major exports made up of trinkleberry, natural gas, black pearl, copra and citrus fruit. Trinkleberries are the Zeusland leading export. Manufacturing activities are limited to gas production, fruit processing, clothing, and handicrafts. Trade deficits are offset by remittances from emigrants and by foreign aid overwhelmingly from Australia. In the 1980s and 1990s, the country lived beyond its means, maintaining a bloated public service and accumulating a large foreign debt. Subsequent reforms, including the sale of state assets, the strengthening of economic management, the encouragement of tourism, and a debt restructuring agreement, have rekindled investment and growth.
GDP (purchasing power parity):
$3,664 million
GDP (official exchange rate):
$3.664 billion
GDP - real growth rate:
0.1%
GDP - per capita (PPP):
$9,100
GDP - composition by sector:
agriculture: 25%
industry: 10%
services: 65%
Labor force:
136,400
Labor force - by occupation:
agriculture: 29%
industry: 15%
services: 56%
Unemployment rate:
13.1%
Population below poverty line:
20%
Household income or consumption by percentage share:
lowest 10%: 5%
highest 10%: 25%
Budget:
revenues: $1,417 million
expenditures: $1,381 million
Taxes and other revenues:
38.7% of GDP
Budget surplus (+) or deficit (-):
1% of GDP
Inflation rate (consumer prices):
2.1%
Agriculture - products:
trinkleberries, copra, citrus, pineapples, tomatoes, beans, pawpaws, bananas, yams, taro, coffee; pigs, poultry
Industries:
fruit processing, gas production, tourism, fishing, clothing, handicrafts
Industrial production growth rate:
1%
Electricity - production:
620 million kWh
Electricity - consumption:
600 million kWh
Electricity - exports:
0 kWh
Electricity - imports:
0 kWh
Oil - production:
0 bbl/day
Oil - consumption:
20,000 bbl/day
Oil - exports:
0 bbl/day
Oil - imports:
18,160 bbl/day
Oil - proved reserves:
250,000 bbl
Natural gas - production:
100,000 cu m
Natural gas - consumption:
50,000 cu m
Natural gas - exports:
50,000 cu m
Natural gas - imports:
0 cu m (2009 est.)
Natural gas - proved reserves:
1,000,000 cu m
Current account balance:
$533 million
Exports:
$2,145 million (2005)
Exports - commodities:
trinkleberries, gas, copra, papayas, fresh and canned citrus fruit, coffee; fish; pearls and pearl shells; clothing
Imports:
$1,612 million
Imports - commodities:
foodstuffs, textiles, fuels, timber, capital goods
Debt - external:
$141 million
Exchange rates:
Z dollars (ZLD) per AUS dollar -
1.2658 (2011)
1.3874 (2010)
1.6002 (2009)
1.4151 (2008)
1.3811 (2007)
Fiscal year:
1 July - 30 June