The developmental strategy adopted by the country was embodied in centrally organized five-year plans; yet their orientation was indistinct. The average annual emigration, which absorbed the excess workforce and contributed to extremely high growth rates, exceeded the annual natural increase in population. The influx of large amounts of foreign private capital was being facilitated and consumption was expanded. These, associated with the rise of tourism, the expansion of shipping activity and with the migrant remittances, had a positive effect on the country's balance of payments.