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Economy

GDP (2004 est.): $477.8 billion.  (1994 est. $90 billion) GNP real growth rate (2007 est.): 7.6%. GDP composition by sector (2004): Agriculture 19%, industry 26%, services 55%.

Per capita income (est.2007): $8,700. (2004 7,000 est) (1994 est 1,500).

Natural resources: Petroleum, natural gas, and some mineral deposits.

Agriculture: Principal products--wheat, rice, other grains, sugarbeets, fruits, nuts, cotton, dairy products, wool, caviar; not self-sufficient in food. Industry: Types--petroleum, petrochemicals, textiles, cement and building materials, food processing (particularly sugar refining and vegetable oil production), metal fabricating (steel and copper), armaments.

Trade (2002): Exports--$24.8 billion: petroleum 85%, carpets, fruits, nuts. Imports--$21.8 billion: food, machinery, and semifinished goods. Major markets/suppliers--Germany, Japan, Italy, South Korea.

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