United States. Central Intelligence Agency

“ As an affluent, high-tech industrial society, Canada today closely resembles the US in per capita output, market-oriented economic system, and pattern of production. Since World War II the impressive growth of the manufacturing, mining, and service sectors has transformed the nation from a largely rural economy into one primarily industrial and urban. In the 1980s Canada registered one of the highest rates of real growth among the OECD nations, averaging about 3.2%. With its great natural resources, skilled labor force, and modern capital plant, Canada has excellent economic prospects. ”

“ Up to the invasion by Iraq in August 1990, the oil sector had dominated the economy. Kuwait has the third-largest oil reserves in the world after Saudi Arabia and Iraq. Earnings from hydrocarbons generated over 90% of both export and government revenues and contributed about 40% to GDP. Most of the nonoil sector has traditionally been dependent upon oil-derived government revenues. Iraq's destruction of Kuwait's oil industry during the Gulf war has devastated the economy. Iraq destroyed or damaged more than 80% of Kuwait's 950 operating oil wells, as well as sabotaging key surface facilities. ”

“ The economy is a mixture of foreign and domestic entrepreneurship, government regulation and welfare measures, and village tradition. It is almost totally supported by exports of crude oil and natural gas, with revenues from the petroleum sector accounting for more than 50% of GDP. Per capita GDP of $9,600 is among the highest in the Third World, and substantial income from overseas investment supplements domestic production. ”

“ The economy has grown steadily since the early 1980s, with real growth in per capita GDP increasing more than 6% annually. Agriculture remains the most important economic sector, employing about 55% of the labor force, accounting for almost 20% of GDP, and contributing about 20% to exports. Impressive growth in recent years has not solved all of the economic problems facing Turkey. Inflation and interest rates remain high, and a large budget deficit will continue to provide difficulties for a country undergoing a substantial transformation from a centrally controlled to a free market economy. ”

“ Britain's inflation rate, which has been consistently well above those of her major trading partners, is expected to decline in 1991. Between 1986 and 1990 unemployment fell from 11% to about 6%, but it is now rising rapidly because of the economic slowdown. As a major trading nation, the UK will continue to be greatly affected by world boom or recession, swings in the international oil market, productivity trends in domestic industry, and the terms on which the economic integration of Europe proceeds. ”

“ Over the past 25 years, the economy has changed from one based on subsistence whaling, hunting, and fishing to one dependent on foreign trade. Fishing is still the most important industry, accounting for over 75% of exports and about 25% of the population's income. Maintenance of a social welfare system similar to Denmark's has given the public sector a dominant role in the economy. ”

“ Pakistan is a poor Third World country faced with the usual problems of rapidly increasing population, sizable government deficits, and heavy dependence on foreign aid. In addition, the economy must support a large military establishment and provide for the needs of 4 million Afghan refugees. A real economic growth rate averaging 5-6% in recent years has enabled the country to cope with these problems. Almost all agriculture and small-scale industry is in private hands, and the government seeks to privatize a portion of the large-scale industrial enterprises now publicly owned. ”

“ Over the past decade the economy has registered a remarkable performance because of the development of an offshore oil industry. Real GDP growth annually averaged 10% from 1978 to 1985. In 1986 Cameroon had one of the highest levels of income per capita in tropical Africa, with oil revenues picking up the slack as growth in other sectors softened. Because of the sharp drop in oil prices, however, the economy experienced serious budgetary difficulties and balance-of-payments disequilibrium. ”

“ Industry has surpassed agriculture as the primary sector of economic activity and income. Encouraged by duty-free access to the US and by tax incentives, US firms have invested heavily in Puerto Rico since the 1950s. Important new industries include pharmaceuticals, electronics, textiles, petrochemicals, and processed foods. Sugar production has lost out to dairy production and other livestock products as the main source of income in the agricultural sector. Tourism has traditionally been an important source of income for the island. ”

“ Many of the white one-seventh of the South African population enjoy incomes, material comforts, and health and educational standards equal to those of Western Europe. In contrast, most of the remaining population suffers from the poverty patterns of the Third World, including unemployment, lack of job skills, and barriers to movement into higher-paying fields. Inputs and outputs thus do not move smoothly into the most productive employments, and the effectiveness of the market is further lowered by international constraints on dealings with South Africa. ”

“ Although Japan has few natural resources, since 1971 it has become the world's third-largest economy, ranking behind only the US and the USSR. Government-industry cooperation, a strong work ethic, and a comparatively small defense allocation have helped Japan advance rapidly, notably in high-technology fields. Industry, the most important sector of the economy, is heavily dependent on imported raw materials and fuels. Self-sufficent in rice, Japan must import 50% of its requirements for other grain and fodder crops. ”

“ Plantation crops—rubber and palm oil—and textiles and plywood are being encouraged for both export and job generation. Industrial output now accounts for 30% of GDP based on a supply of diverse natural resources, including crude oil, natural gas, timber, metals, and coal. Of these, the oil sector dominates the external economy, generating more than 20% of the government's revenues and 40% of export earnings in 1989. However, the economy's growth is very dependent on the continuing expansion of nonoil exports. Japan is Indonesia's most important customer and supplier of aid. ”

“ Abundant natural resources and hydropower form the basis of industrial development. Output of the extractive industries includes coal, iron ore, magnesite, graphite, copper, zinc, lead, and precious metals. Manufacturing emphasis is centered on heavy industry, with light industry lagging far behind. Despite the use of high-yielding seed varieties, expansion of irrigation, and the heavy use of fertilizers, North Korea has not yet become self-sufficient in food production. Four consecutive years of poor harvests, coupled with distribution problems, have led to chronic food shortages. ”

“ In the 1980s Mexico experienced severe economic difficulties: the nation accumulated large external debts as world petroleum prices fell; rapid population growth outstripped the domestic food supply; and inflation, unemployment, and pressures to emigrate became more acute. Growth in national output, however, appears to be recovering, rising from 1.4% in 1988 to 3.9% in 1990. The US is Mexico's major trading partner, accounting for two-thirds of its exports and imports. After petroleum, border assembly plants and tourism are the largest earners of foreign exchange. ”

“ Finland has a highly industrialized, largely free market economy, with per capita output nearly three-fourths the US figure. Its main economic force is the manufacturing sector—principally the wood, metals, and engineering industries. Trade is important, with the export of goods representing about 30% of GDP. Except for timber and several minerals, Finland depends on imported raw materials, energy, and some components of manufactured goods. Because of the climate, agricultural development is limited to maintaining self-sufficiency in basic commodities. ”