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The World Economy at the Beginning of 1998

Table A.8. World trade: rates of growth of volumes, 1988-1998
(Annual percentage change)

  1988 1989 1990 1991 1992 1993 1994 1995 1996 1997a 1998b
World tradec 8.0 7.0 4.7 4.7 5.5 4.3 10.2 8.8 5.3 9.4 7   
                       
Volume of exports                      
Developed market economies 8.1 7.0 4.9 3.3 4.0 2.2 9.3 7.4 4.1 8.6
  of which:                      
  North America 15.8 7.8 6.6 5.0 6.8 4.8 10.0 9.4 5.8 11.7
  Western Europe 6.2 7.4 4.2 2.4 3.4 * 2.2 10.6 7.5 3.9 6.7
  Japan 5.9 4.3 5.3 2.5 1.5 -2.4 1.7 3.3 0.7 11.6
Economies in transition 4.6 -1.4 -9.7 -18.4 8.2 .. .. .. .. .. ..
  Eastern Europe 4.3 -2.9 -6.2 -9.3 -0.1 .. .. .. .. .. ..
  Former USSR 4.9 0.1 -13.0 -27.7 19.1 .. .. .. .. .. ..
Developing countries 9.2 9.5 7.2 11.1 9.6 8.8 13.5 14.8 6.5 11.1
  of which:                      
  Latin America & Caribbean 7.5 4.6 5.1 4.7 6.3 10.3 9.2 9.9 9.3 12.9
  Africa 2.7 8.0 6.9 2.3 1.0 1.8 4.6 7.8 9.4 6.6
  Western Asia 5.1 9.6 5.3 3.8 11.5 6.6 8.2 5.8 8.7 6.1 6   
  South & East Asia 12.8 11.6 7.4 16.0 10.7 10.6 14.6 18.2 5.8 10.7
  China 10.0 8.8 14.3 18.4 15.8 6.8 31.0 20.7 2.1 20.7 11   
Fuel exporters 1.6 12.2 12.2 6.9 6.9 4.0 6.0 8.9 13.5 5.6
Non-fuel exporters 9.2 9.6 6.4 13.0 10.9 8.7 14.9 18.3 5.1 12.7 9   
                       
Volume of imports                      
Developed market economies 7.3 7.0 4.5 2.6 4.4 1.5 10.9 7.5 4.7 9.2
  of which:                      
  North America 5.1 4.3 1.3 -0.9 7.9 9.6 12.9 7.8 5.6 14.6
  Western Europe 6.7 7.9 6.3 4.3 3.4 -2.9 9.2 6.3 4.2 6.6 6   
  Japan 17.9 7.9 5.7 4.0 -0.4 2.9 13.6 12.5 3.4 6.3 7   
Economies in transition -1.3 2.7 0.9 -5.6 -15.0 .. .. .. .. .. ..
  Eastern Europe 3.3 0.2 -8.8 2.4 5.8 .. .. .. .. .. ..
  Former USSR -5.8 5.3 10.6 -12.2 -35.0 .. .. .. .. .. ..
Developing countries 11.9 7.7 4.6 15.8 12.8 15.1 9.5 9.0 8.3 10.9
  of which:                      
  Latin America & Caribbean 9.6 4.9 9.4 20.8 22.5 10.8 14.4 4.2 8.4 20.3 10   
  Africa 6.0 0.5 3.5 -2.2 6.8 4.4 5.0 5.4 6.2 8.4
  Western Asia -3.7 -5.4 7.2 18.8 13.7 7.4 -12.5 9.1 10.4 3.8
  South & East Asia 20.3 14.8 6.4 17.1 9.6 17.3 14.9 12.5 7.7 9.7 6   
  China 15.5 7.7 -16.1 21.5 23.2 36.4 9.1 0.0 11.2 14.5 15½
Fuel exporters 1.7 -1.5 6.9 21.0 14.1 4.3 -1.5 -3.2 11.7 16.1
Non-fuel exporters 13.9 11.1 3.0 15.1 12.8 19.2 12.0 11.5 8.0 10.2

Source: UN/DESA, based in part on data of regional commissions of the United Nations and IMF.

* Indicates discontinuity in the series.

a Preliminary estimates.
b Forecast, based in part on Project LINK.
c Average of the growth rates of the volume of world exports and imports. | Search | Parliament || Governments | Regions | Issues


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

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