The 1996 CIA World Factbook. United States. Central Intelligence Agency

1994, but subsided gradually in 1995. Commercial and transport activities, which make up 37% of GDP, are extremely vulnerable to developments in Nigeria as evidenced by decreased reexport trade in 1994 due to a severe contraction in Nigerian demand. Support by the Paris Club and official bilateral creditors has eased the external debt situation in recent years. The government, still burdened with money-losing state enterprises and a bloated civil service, has been gradually implementing a World Bank supported structural adjustment program since 1991.

      GDP: purchasing power parity - $7.6 billion (1995 est.)

      GDP real growth rate: 6% (1995 est.)

      GDP per capita: $1,380 (1995 est.)

      GDP composition by sector: agriculture: 36.8% industry: 12.6% services: 50.6% (1993)

      Inflation rate (consumer prices): 55% (1994 est.)

      Labor force: 1.9 million (1987) by occupation: agriculture 60%, transport, commerce, and public services 38%, industry less than 2%

      Unemployment rate: NA%

      Budget:

       revenues: $272 million (1993 est.)

       expenditures: $375 million, including capital expenditures of $84

       million (1993 est.)

      Industries: textiles, cigarettes; beverages, food; construction

       materials, petroleum

      Industrial production growth rate: NA%

      Electricity: capacity: 30,000 kW production: 10 million kWh consumption per capita: 25 kWh (1993)

      Agriculture: corn, sorghum, cassava (tapioca), yams, beans, rice,

       cotton, palm oil, peanuts; poultry, livestock

      Illicit drugs: transshipment point for narcotics associated with

       Nigerian trafficking organizations and most commonly destined for

       Western Europe and the US

      Exports: $310 million (f.o.b., 1994 est.) commodities: cotton, crude oil, palm products, cocoa partners: France, Morocco 37%, Portugal 14%, Spain, Italy, UK, US, Libya

      Imports: $439 million (c.i.f., 1994 est.) commodities: foodstuffs, beverages, tobacco, petroleum products, intermediate goods, capital goods, light consumer goods partners: France 24%, Thailand 12%, Netherlands 7%, US 5%, China, Hong Kong

      External debt: $1.5 billion (1993 est.)

      Economic aid:

       recipient: ODA, $NA

      Currency: 1 Communaute Financiere Africaine franc (CFAF) = 100

       centimes

      Exchange rates: CFA francs (CFAF) per US$1 - 500.56 (January

       1996), 499.15 (1995), 555.20 (1994), 283.16 (1993), 264.69 (1992),

       282.11 (1991)

       note: beginning 12 January 1994 the CFA franc was devalued to CFAF

       100 per French franc from CFAF 50 at which it had been fixed since

       1948

      Fiscal year: calendar year

      Transportation———————

      Railways:

       total: 578 km (single track) (1995 est.)

       narrow gauge: 578 km 1.000-m gauge

      Highways: total: 6,070 km paved: 1,214 km unpaved: 4,856 km (1992 est.)

      Waterways: navigable along small sections, important only locally

      Ports: Cotonou, Porto-Novo

      Merchant marine: none

      Airports:

       total: 5

       with paved runways 2 438 to 3 047 m: 2

       with unpaved runways 1 524 to 2 437 m: 1

       with unpaved runways 914 to 1 523 m: 2 (1995 est.)

      Communications———————

      Telephones: 16,200 (1986 est.)

      Telephone system:

       domestic: fair system of open wire and microwave radio relay

       international: satellite earth station - 1 Intelsat (Atlantic

       Ocean); submarine cable

      Radio broadcast stations: AM 2, FM 2, shortwave 0

      Radios: NA

      Television broadcast stations: 2

      Televisions: 20,000 (1993 est.)

      Defense———

      Branches: Armed Forces (includes Army, Navy, Air Force), National

       Gendarmerie

      Manpower availability: males age 15–49: 1,212,440 females age 15–49: 1,290,773 males fit for military service: 620,923 females fit for military service: 653,094 males reach military age (18) annually: 62,526 females reach military age (18) annually: 60,968 (1996 est.) note: both sexes are liable for military service

      Defense expenditures: exchange rate conversion - $33 million, 3.2% of GDP (1994)

      ======================================================================

      @Bermuda———

      (dependent territory of the UK)

      Map—

      Location: 32 20 N, 64 45 W—North America, group of islands in

       the North Atlantic Ocean, east of North Carolina (US)

      Flag——

      Description: red with the flag of the UK in the upper hoist-side quadrant and the Bermudian coat of arms (white and blue shield with a red lion holding a scrolled shield showing the sinking of the ship Sea Venture off Bermuda in 1609) centered on the outer half of the flag

      Geography————

      Location: North America, group of islands in the North Atlantic

       Ocean, east of North Carolina (US)

      Geographic coordinates: 32 20 N, 64 45 W

      Map references: North America

      Area:

       total area: 50 sq km

       land area: 50 sq km

       comparative area: about 0.3 times the size of Washington, DC

      Land boundaries: 0 km

      Coastline: 103 km

      Maritime claims: exclusive fishing zone: 200 nm territorial sea: 12 nm

      International disputes: none

      Climate: subtropical; mild, humid; gales, strong winds common in winter

      Terrain: low hills separated by fertile depressions lowest point: Atlantic Ocean 0 m highest point: Town Hill 76 m

      Natural resources: limestone, pleasant climate fostering tourism

      Land use:

       arable land: 0%

       permanent crops: 0%

       meadows and pastures: 0%

       forest and woodland: 20%

       other: 80%

      Irrigated land: NA sq km

      Environment:

       current issues: NA

       natural hazards: hurricanes (June to November)

       international agreements: NA

      Geographic note: consists of about 360 small coral islands with ample rainfall, but no rivers or freshwater lakes; some reclaimed land leased by US Government

      People———

      Population: