The 1996 CIA World Factbook. United States. Central Intelligence Agency
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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)
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@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: