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The World Economy at the Beginning of 1998

Table A.1. Developed economies: rates of growth of real GDP, 1988-1998.-Annual percentage changea

  1988 1989 1990 1991 1992 1993 1994 1995 1996 1997b 1998c
All developed economies 4.4 3.7 2.7 * 0.7 1.6 0.8 2.7 2.1 2.4 2.6
                       
Major industrial countries 4.5 3.7 2.7 * 0.7 1.7 0.9 2.6 2.0 2.4 2.5
                       
  Canada 4.9 2.5 -0.2 -1.8 0.8 2.2 4.1 2.3 1.5 3.6
  France 4.5 4.3 2.5 0.8 1.2 -1.3 2.8 2.1 1.5 2.2
  Germany 3.7 3.3 4.7 * 1.2 2.2 -1.1 2.9 1.9 1.4 2.4
  Italy 3.9 2.9 2.2 1.1 0.6 -1.2 2.2 2.9 0.7 1.3 2   
  Japan 6.2 4.8 5.1 3.8 1.0 0.3 0.6 1.4 3.5 0.8
  United Kingdom 5.0 2.2 0.4 -2.0 -0.5 2.1 4.3 2.7 2.4 3.5
  United states  3.8 3.4 1.3 -1.0 2.7 2.3 3.5 2.0 2.4 3.7
                       
Other industrial countries 3.6 3.8 2.8 0.9 1.1 0.5 3.0 2.7 2.4 2.8
                       
  Australia 3.8 4.2 1.2 -1.3 2.6 3.9 5.4 4.0 3.6 3.1
  Austria 4.1 3.8 4.3 2.8 2.1 0.4 3.1 1.8 1.2 1.8
  Belgium-Luxembourg 4.9 3.6 3.3 2.3 1.8 -1.2 2.3 2.0 1.5 2.3
  Denmark 1.2 0.6 1.4 1.3 0.2 1.5 4.3 2.6 2.4 2.5 3   
  Finland 4.9 5.7 0.0 -7.1 -3.6 -1.2 4.4 4.3 3.7 4.6 4   
  Greece 4.5 3.5 -0.6 3.5 0.4 -0.9 1.5 2.0 1.8 3.3
  Iceland -0.1 0.3 1.3 1.1 -3.4 1.0 3.7 1.0 5.2 1.0 ½
  Ireland 4.3 6.1 7.8 1.9 3.9 3.1 7.0 10.5 7.7 8.0 7   
  Malta 8.4 8.2 6.3 6.3 4.7 4.5 4.0 9.0 4.2 3.7
  Netherlands 2.6 4.7 4.1 2.3 2.1 0.3 2.6 2.3 3.5 3.2
  New Zealand 2.3 -0.6 0.3 -2.3 0.6 5.1 5.5 2.7 2.1 1.5
  Norway -0.1 0.9 2.0 3.0 3.4 2.7 5.5 3.6 5.3 3.4
  Portugal 4.0 4.9 4.1 2.1 4.2 7.8 1.9 2.0 3.0 3.3
  Spain 5.1 4.8 3.7 2.3 0.7 -1.2 2.1 2.8 2.2 3.2
  Sweden 2.7 2.4 1.4 -1.7 -1.4 -2.2 2.7 3.0 1.1 2.3 3   
  Switzerland 3.1 4.4 3.7 -0.8 -0.1 -0.5 0.5 0.8 -0.2 0.7
                       
Memo items:                      
Western Europe 4.0 3.4 2.9 * 0.7 1.1 -0.4 2.9 2.4 1.7 2.5 3   
  European Union (15) 4.1 3.4 2.9 * 0.7 1.1 -0.5 2.9 2.4 1.7 2.5 3   
  Other 2.1 3.3 3.2 0.4 1.0 0.6 2.1 1.7 1.7 1.7

Source: UN/DESA; based on IMF, International Financial Statistics.

* Indicates discontinuity in the series: from 1991, Germany includes eastern Lander.

a Data for country groups are weighted averages, where weights for each year are the previous year's GDP valued at 1993 prices and exchange rates.
b Preliminary estimates.
c Forecast, partly based on Project LINK. Home | Search | Parliament | Research | Governments | Regions | Issues


Copyright © United Nations
Department of Economic and Social Affairs
Comments and suggestions: esa@un.org
29 December 1997