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Economy - overview: This stable, high-income economy features solid growth, low inflation, and low unemployment. The industrial sector, initially dominated by steel, has become increasingly diversified to include chemicals, rubber, and other products. Growth in the financial sector, which now accounts for about 22% of GDP, has more than compensated for the decline in steel. Most banks are foreign-owned and have extensive foreign dealings. Agriculture is based on small family-owned farms. The economy depends on foreign and trans-border workers for more than 30% of its labor force.
Industries: banking, iron and steel, food processing, chemicals, metal products, engineering, tires, glass, aluminum
Exports - commodities: machinery and equipment, steel products, chemicals, rubber products, glass
Imports - commodities: minerals, metals, foodstuffs, quality consumer goods Useful links:
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Copyright By : Kish Trade Promotion Center 2002 |
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