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•Overview
GDP in 2004 is estimated at JD 8108 million or
USD 11515 million.
Led by an active private sector, Jordan’s economy is free market oriented. The
ownership of enterprises is largely private, the exception being public sector
involvement in the mining industry. Prices (except for a few subsidized goods),
interest rates, and wages are generally determined by market forces.
During the last decade, Jordan's economy has been making steady progress
through the implementation of comprehensive economic reforms and restructuring
programs supervised by the IMF and the World Bank. The main goal of restoring
non-inflationary, sustainable growth has been accomplished.
The main economic indicators:
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Main Economic Indicators
Gross
Domestic Product:
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1999
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2000
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2001
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2002
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2003
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2004 |
1st Qtr. 2005 |
|
GDP
at Market Prices (US$ bn)
|
8.13
|
8.44
|
8.97
|
9.55
|
10.16 |
11.51 |
2.84 |
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Real
GDP Growth Rate (%)
|
3.1
|
4.1
|
4.9
|
4.8
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4.0 |
7.5 |
7.7 |
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GDP
per Capita at Current Prices (US$)
|
1,734
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1,752
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1,809
|
1,883
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1,954 |
2,163 |
N.A |
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Inflation & Foreign Reserves:
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1999
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2000
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2001
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2002
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2003
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2004 |
May 2005 |
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Inflation
(%)
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0.6
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0.7
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1.8
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1.8
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2.3
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3.4
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2.4
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Gross
Official Reserves (US$ bn)
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1.99
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2.76
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2.58
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3.49
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4.74
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4.82
|
4.65 |
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External
Trade:
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1999
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2000
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2001
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2002
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2003
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2004 |
Apr. 2005 |
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Total
Exports (US$ bn)
|
1.83
|
1.90
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2.29
|
2.77
|
3.00 |
3.95 |
1.31 |
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Percentage
Change (%)
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1.7
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3.8
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20.5
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21.0
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8.3
|
28.2
|
15.1
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Domestic
Exports (US$ bn)
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1.48
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1.52 |
1.91 |
2.19 |
2.31 |
3.29 |
1.09 |
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Percentage
Change (%)
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0.5 |
2.8 |
25.1 |
15.1 |
5.3 |
39.3 |
14.8 |
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Imports
(US$ bn)
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3.72 |
4.60 |
4.84 |
5.02 |
5.58 |
8.13 |
3.08 |
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Percentage
Change (%)
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-2.9 |
23.7 |
6.0 |
3.0 |
11.1 |
41.5 |
30.4 |
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Trade
Balance (US$ bn)
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-1.88 |
-2.70 |
-2.55 |
-2.25 |
-2.58 |
-4.18 |
-1.77 |
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Exports
from QIZ (US$ mn)
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2.40 |
25.10 |
150.31 |
381.69 |
574.00 |
1121.2 |
359.0 |
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Percentage
Change (%)
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- |
945.8 |
498.8 |
153.9 |
50.3 |
48.1 |
25.7 |
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As
a Percent of Domestic Exports (%)
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0.1 |
1.7 |
7.9 |
17.4 |
24.8 |
34.1 |
33.0 |
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Exports
to the United States (US$ mn)
|
13 |
63 |
232 |
429 |
660 |
1017.7 |
326.5 |
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Percentage
Change (%)
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66.1 |
384.6 |
268.3 |
84.9 |
53.8 |
54.0 |
26.9 |
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Imports
from the United States (US$ mn)
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366 |
454 |
396 |
364 |
359 |
547.2 |
182.2 |
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Percentage
Change (%)
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0.6 |
24.0 |
-12.8 |
-8.0 |
-1.4 |
40.5 |
21.5 |
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Trade
Balance (US$ mn)
|
-353
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-391
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-164
|
50
|
301 |
470.5 |
144.3 |
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Balance
of Payments:
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2000
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2001
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2002
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2003
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2004
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Services
Account (US$ mn)
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-85.7
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-243.1
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-277.1
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-257.3
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-179.2
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Net
Current Transfers (US$ bn)
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2.18
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2.06
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2.26
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3.16
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3.22
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Current
Account, including grants (US$ mn)
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59
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-4.2
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418.1
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1,106.1
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93.5
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Income
Account (US$ mn)
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134.7
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187.3
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111.4
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122.2
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189.8
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Public
Finance:
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1999
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2000
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2001
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2002
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2003
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2004 |
Apr. 2005 |
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Outstanding
External Public Debt (US$ bn)
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7.77
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7.11
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7.01
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7.54
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7.60 |
7.54 |
7.41 |
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%
of GDP
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95.5
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84.2
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78.7
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80.4
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76.4
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67.4
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61.6
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Budget
Deficit (US$ mn)
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315.3
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287.4
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316.3
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389.0
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251.8 |
176.0 |
+101.8 |
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%
of GDP
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3.9
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3.4
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3.6
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4.1
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2.5 |
1.6 |
0.8 |
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Total
Revenues & Grants (US$ bn)
|
2.56
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2.80
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2.95
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2.91
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5.58 |
3.96 |
1.50 |
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Tax
Revenues (US$ bn)
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1.25
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1.36
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1.40
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1.41
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1.53 |
2.01 |
0.87 |
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Current
Expenditures (US$ bn)
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2.32
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2.61
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2.70
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2.68
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3.05 |
3.28 |
1.20 |
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Capital
Expenditure (US$ bn)
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0.56
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0.47
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0.57
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0.62
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0.66 |
0.85 |
0.2 |
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Foreign
Grants (US$ mn)
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450.9
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551.6
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611.1
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590.4
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1,094.9 |
940.0 |
294.7 |
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%
of GDP
|
5.5 |
5.6
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6.8
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6.3
|
11.0 |
8.4 |
2.4 |
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Capital
Market:
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2000
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2001
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2002
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2003
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2004
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May
2005 |
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Traded
Volume (US$ mn)
|
472
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943
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1,340
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2,616.0
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5,230.8
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6,486.8
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Number
of Traded Shares (mn)
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228
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341
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462
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1,008.6
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1,339.0
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868.4 |
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Market
Capitalization (US$ bn)
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4.9
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6.3
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7.1
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11.0
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18.4
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29.1 |
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Foreign
Investment (%)
|
42
|
39
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37
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38.8
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41.3
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41.9
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