Week 10 Assignment - Cultural Information Report Scenario

Statistical annex

Country classifications

Data sources, country classifications and aggregation methodology The statistical annex contains a set of data that the World Economic Situation and

Prospects (WESP) employs to delineate trends in various dimensions of the world economy.

Data sources The annex was prepared by the Economic Analysis and Policy Division (EAPD) of the De- partment of Economic and Social Affairs of the United Nations Secretariat (UN/DESA). It is based on information obtained from the Statistics Division and the Population Division of UN/DESA, as well as from the five United Nations regional commissions, the United Nations Conference on Trade and Development (UNCTAD), the United Nations World Tourism Organization (UNWTO), the International Monetary Fund (IMF), the World Bank, the Organization for Economic Cooperation and Development (OECD), and na- tional and private sources. Estimates for the most recent years were made by EAPD in consultation with the regional commissions, UNCTAD, UNWTO and participants in Project LINK, an international collaborative research group for econometric modelling coordinated jointly by EAPD and the University of Toronto. Forecasts for 2019 and 2020 are primarily based on the World Economic Forecasting Model of EAPD, with support from Project LINK.

Data presented in WESP may differ from those published by other organizations for a series of reasons, including differences in timing, sample composition and aggregation methods. Historical data may differ from those in previous editions of WESP because of updating and changes in the availability of data for individual countries.

Country classifications For analytical purposes, WESP classifies all countries of the world into one of three broad categories: developed economies, economies in transition and developing economies. The composition of these groupings, specified in tables A, B and C, is intended to reflect basic economic country conditions. Several countries (in particular the economies in transition) have characteristics that could place them in more than one category; however, for purposes of analysis, the groupings have been made mutually exclusive. Within each broad category, some subgroups are defined based either on geographical location or on ad hoc criteria, such as the subgroup of “major developed economies”, which is based on the membership of the Group of Seven. Geographical regions for developing economies are as follows: Africa, East Asia, South Asia, Western Asia, and Latin America and the Caribbean.1

1 Names and composition of geographical areas follow those specified in the statistical paper entitled “Standard country or area codes for statistical use” (ST/ESA/STAT/SER.M/49/Rev). Available from https://unstats.un.org/unsd/publication/SeriesM/Series_M49_Rev4(1999)_en.pdf.

168 World Economic Situation and Prospects 2019

In parts of the analysis, a distinction is made between fuel exporters and fuel import- ers from among the economies in transition and the developing countries. An economy is classified as a fuel exporter if the share of fuel exports in its total merchandise exports is greater than 20 per cent and the level of fuel exports is at least 20 per cent higher than that of the country’s fuel imports (table D). This criterion is drawn from the share of fuel exports in the total value of world merchandise trade. Fuels include coal, oil and natural gas.

For other parts of the analysis, countries have been classified by their level of develop- ment as measured by per capita gross national income (GNI). Accordingly, countries have been grouped as high-income, upper-middle-income, lower-middle-income and low-income (table E). To maintain compatibility with similar classifications used elsewhere, the thresh- old levels of GNI per capita are those established by the World Bank. Countries with less than $995 GNI per capita are classified as low-income countries, those with between $996 and $3,895 as lower-middle-income countries, those with between $3,896 and $12,055 as upper-middle-income countries, and those with incomes of more than $12, 056 as high-in- come countries. GNI per capita in dollar terms is estimated using the World Bank Atlas method,2 and the classification in table E is based on data for 2017.

The list of the least developed countries (LDCs) is decided upon by the United Nations Economic and Social Council and, ultimately, by the General Assembly, on the basis of recommendations made by the Committee for Development Policy. The basic cri- teria for inclusion require that certain thresholds be met with regard to per capita GNI, a human assets index and an economic vulnerability index.3 As of March 2018, there were 47 LDCs (table F).

WESP also makes reference to the group of heavily indebted poor countries (HIPCs), which are considered by the World Bank and IMF as part of their debt-relief initiative (the Enhanced HIPC Initiative).4 In October 2017, there were 39 HIPCs (see table G).

Aggregation methodology Aggregate data are either sums or weighted averages of individual country data. Unless

otherwise indicated, multi-year averages of growth rates are expressed as compound annual percentage rates of change. The convention followed is to omit the base year in a multi-year growth rate. For example, the 10-year average growth rate for the decade of the 2000s would be identified as the average annual growth rate for the period from 2001 to 2010.

WESP utilizes exchange-rate conversions of national data in order to aggregate output of individual countries into regional and global totals. The growth of output in each group of countries is calculated from the sum of gross domestic product (GDP) of individual countries measured at 2012 prices and exchange rates. Data for GDP in 2012 in national currencies were converted into dollars (with selected adjustments) and extended forwards and backwards in time using changes in real GDP for each country. This method supplies a reasonable set of aggregate growth rates for a period of about 15 years, centred on 2012.

2 See http://data.worldbank.org/about/country-classifications. 3 Handbook on the Least Developed Country Category: Inclusion, Graduation and Special Support Measures

(United Nations publication, Sales No. E.07.II.A.9). Available from http://www.un.org/en/develop- ment/desa/policy/cdp/cdp_publications/2008cdphandbook.pdf.

4 International Monetary Fund, Debt Relief Under the Heavily Indebted Poor Countries (HIPC) Initiative. Available from https://www.imf.org/en/About/Factsheets/Sheets/2016/08/01/16/11/Debt- Relief- Under-the-Heavily-Indebted-Poor-Countries-Initiative.

169Country classification

Table A Developed economies

North America

Europe Major developed economies (G7)European Union Other Europe

Canada United States

EU-15 Austriaa

Belgiuma

Denmark Finlanda

Francea

Germanya

Greecea

Irelanda

Italya

Luxembourga

Netherlandsa

Portugala

Spaina

Sweden United Kingdomb

EU-13c

Bulgaria Croatia Cyprusa

Czech Republic Estoniaa

Hungary Latviaa

Lithuaniaa

Maltaa

Poland Romania Slovakiaa

Sloveniaa

Iceland Norway Switzerland

Canada Japan France Germany Italy United Kingdom United States

Developed Asia and Pacific

Australia Japan New Zealand

The exchange-rate-based method differs from the one mainly applied by the IMF for their estimates of world and regional economic growth, which is based on purchasing power parity (PPP) weights. Over the past two decades, the growth of world gross product (WGP) on the basis of the exchange-rate-based approach has been below that based on PPP weights. This is because developing countries, in the aggregate, have seen significantly higher economic growth than the rest of the world in the 1990s and 2000s and the share in WGP of these countries is larger under PPP measurements than under market exchange rates. Table I.1 in chapter I reports world output growth with PPP weights as a comparator.

a Member of Euro area. b At the time of publishing, the United Kingdom was a member of the EU and is therefore is included in all EU aggregations. The country is scheduled to withdraw from the EU at the end of March 2019. c Used in reference to the 13 countries that joined the EU since 2004.

Table B Economies in transition

South-Eastern Europe Commonwealth of Independent States and Georgiaa

Albania Bosnia and Herzegovina Montenegro Serbia The former Yugoslav Republic

of Macedonia

Armenia Azerbaijan Belarus Georgiaa

Kazakhstan Kyrgyzstan

Republic of Moldova Russian Federation Tajikistan Turkmenistan Ukraineb

Uzbekistan

a Georgia officially left the Commonwealth of Independent States on 18 August 2009. However, its performance is discussed in the context of this group of countries for reasons of geographic proximity and similarities in economic structure. b Starting in 2010, data for the Ukraine excludes the temporarily occupied territory of the Autonomous Republic of Crimea and Sevastopol.

170 World Economic Situation and Prospects 2019

a Economies systematically monitored by the Global

Economic Monitoring Branch of EAPD.

b Throughout the report the term ‘East Asia’ is used

in reference to this set of developing countries, and

excludes Japan.

c The country coverage in WESP 2019 was expanded to include

South Sudan, State of Palestine and Democratic People’s

Republic of Korea.

d Special Administrative Region of China.

Table C Developing economies by region

a

Africa Asia Latin America

and the Caribbean

North Africa

Algeria Egypt Libya Mauritania Morocco Sudan Tunisia

Central Africa

Cameroon Central African

Republic Chad Congo Equatorial Guinea Gabon Sao Tome and

Prinicipe

East Africa

Burundi Comoros Democratic Republic

of the Congo Djibouti Eritrea Ethiopia Kenya Madagascar Rwanda Somalia South Sudanc

Uganda United Republic

of Tanzania

Southern Africa

Angola Botswana Eswatini Lesotho Malawi Mauritius Mozambique Namibia South Africa Zambia Zimbabwe

West Africa

Benin Burkina Faso Cabo Verde Côte d’Ivoire Gambia (Islamic

Republic of the) Ghana Guinea Guinea-Bissau Liberia Mali Niger Nigeria Senegal Sierra Leone Togo

East Asiab

Brunei Darussalam Cambodia China Democratic People’s

Republic of Koreac

Fiji Hong Kong SARd

Indonesia Kiribati Lao People’s Democratic

Republic Malaysia Mongolia Myanmar Papua New Guinea Philippines Republic of Korea Samoa Singapore Solomon Islands Taiwan Province of China Thailand Timor-Leste Vanuatu Viet Nam

South Asia

Afghanistan Bangladesh Bhutan India Iran (Islamic Republic of) Maldives Nepal Pakistan Sri Lanka

Western Asia

Bahrain Iraq Israel Jordan Kuwait Lebanon Oman Qatar Saudi Arabia State of Palestinec

Syrian Arab Republic Turkey United Arab Emirates Yemen

Caribbean

Bahamas Barbados Belize Guyana Jamaica Suriname Trinidad and Tobago

Mexico and Central America

Costa Rica Cuba Dominican Republic El Salvador Guatemala Haiti Honduras Mexico Nicaragua Panama

South America

Argentina Bolivia (Plurinational

State of) Brazil Chile Colombia Ecuador Paraguay Peru Uruguay Venezuela (Bolivarian

Republic of)

171Country classification

Table D Fuel-exporting countries

Developed countries

Economies in transition

Developing countries

Latin America and the

Caribbean Africa East Asia South Asia

Australia

Norway

Azerbaijan

Kazakhstan

Russian Federation

Turkmenistan

Bolivia (Plurinational State of)

Colombia

Ecuador

Trinidad and Tobago

Venezuela (Bolivarian Republic of)

Algeria

Angola

Cameroon

Chad

Congo

Equatorial Guinea

Gabon

Libya

Nigeria

Sudan

Brunei Darussalam

Democratic People’s Republic of Korea

Indonesia

Mongolia

Myanmar

Papua New Guinea

Iran (Islamic Republic of)

Western Asia

Bahrain

Iraq

Kuwait

Oman

Qatar

Saudi Arabia

United Arab Emirates

172 World Economic Situation and Prospects 2019

Table E Economies by per capita GNI in June 2018

a

High-income Upper-middle-income Lower-middle-income

Argentinac Australia Austria Bahamas Bahrain Barbados Belgium Brunei

Darussalam Canada Chile Croatiac

Cyprus Czech Republic Denmark Estonia Finland France Germany Greece Hong Kong SARd

Hungary Iceland Ireland Israel Italy Japan Kuwait

Latvia Lithuania Luxembourg Malta Netherlands New Zealand Norway Oman Panamac

Poland Portugal Qatar Republic of Korea Saudi Arabia Singapore Slovak Republic Slovenia Spain Sweden Switzerland Taiwan Province of

China Trinidad and Tobago United Arab Emirates United Kingdom United States Uruguay

Albania Algeria Armeniac

Azerbaijan Belarus Belize Bosnia and

Herzegovina Botswana Brazil Bulgaria China Colombia Costa Rica Cuba Dominican Republic Ecuador Equatorial Guinea Fiji Gabon Guatemalac

Guyana Iran (Islamic

Republic of) Iraq Jamaica Jordanc

Kazakhstan Lebanon Libya Malaysia Maldives Mauritius Mexico Montenegro Namibia Paraguay Peru Romania Russian Federation Samoa Serbia South Africa Suriname Thailand The former Yugoslav

Republic of Macedonia

Turkey Turkmenistan Venezuela (Bolivarian

Republic of)

Angola

Bangladesh Bhutan Bolivia (Plurinational

State of) Cabo Verde Cambodia Cameroon Congo Côte d’Ivoire Djibouti Egypt El Salvador Eswatini Georgia Ghana Honduras India Indonesia Kenya Kiribati Kyrgyzstan Lao People’s

Democratic Republic

Lesotho Mauritania Mongolia Morocco Myanmar Nicaragua Nigeria Pakistan Papua New Guinea Philippines Republic of Moldova São Tomé and

Principe Solomon Islands Sri Lanka State of Palestine Sudan Timor-Leste Tunisia Ukraine Uzbekistan Vanuatu Viet Nam Zambia

Low-income

Afghanistan Benin Burkina Faso Burundi Central African

Republic Chad Comoros Democratic People’s

Republic of Korea

Democratic Republic of the Congo

Eritrea Ethiopia Gambia Guinea Guinea-Bissau Haiti Liberia Madagascar

Malawi Mali Mozambique Nepal Niger Rwanda Senegal Sierra Leone Somalia South Sudan

Syrian Arab Republicb

Tajikistanb

Togo Uganda United Republic of

Tanzania Yemenb

Zimbabwe

a Economies systematically monitored for the World Economic Situation and Prospects report and included in the United Nations’ global economic forecast.

b Indicates the country has been shifted downward by one category from previous year’s classification.

c Indicates the country has been shifted upward by one category from previous year’s classification.

d Special Administrative Region of China.

173Country classification

Table F Least developed countries (as of March 2018)

Africa East Asia South Asia Western Asia Latin America

and the Caribbean

Angola Benin Burkina Faso Burundi Central African Republic Chad Comoros Democratic Republic of

the Congo Djibouti Eritrea Ethiopia Gambia Guinea Guinea-Bissau Lesotho Liberia Madagascar

Malawi Mali Mauritania Mozambique Niger Rwanda Sao Tome and Principe Senegal Sierra Leone Somalia South Sudan Sudan Togo Uganda United Republic

of Tanzania Zambia

Cambodia Kiribati Lao People’s

Democratic Republic

Myanmar Solomon

Islands Timor Leste Tuvalua

Vanuatu

Afghanistan Bangladesh Bhutan Nepal

Yemen Haiti

a Not included in the WESP discussion because of insufficient data.

Table G Heavily indebted poor countries (as of October 2017)

Post-completion point HIPCsa Pre-decision point HIPCsb

Afghanistan Benin Bolivia Burkina Faso Burundi Cameroon Central African Republic Chad Comoros Congo Côte D’Ivoire Democratic Republic of the Congo Ethiopia Gambia Ghana Guinea Guinea-Bissau Guyana

Haiti Honduras Liberia Madagascar Malawi Mali Mauritania Mozambique Nicaragua Niger Rwanda Sao Tomé and Principe Senegal Sierra Leone Togo Uganda United Republic of Tanzania Zambia

Eritrea Somalia Sudan

a Countries that have qualified for irrevocable debt relief under the HIPC Initiative.

b Countries that are potentially eligible and may wish to avail themselves of the HIPC Initiative or the Multilateral Debt Relief Initiative (MDRI).

174 World Economic Situation and Prospects 2019

Table H Small island developing States

United Nations members Non-UN members/Associate members

of the Regional Commissions

Antigua and Barbuda

Bahamas

Bahrain

Barbados

Belize

Cabo Verde

Comoros

Cuba

Dominica

Dominican Republic

Federated States of Micronesia

Fiji

Grenada

Guinea-Bissau

Guyana

Haiti

Jamaica

Kiribati

Maldives

Marshall Islands

Mauritius

Nauru

Palau

Papua New Guinea

Saint Kitts and Nevis

Saint Lucia

Saint Vincent and the Grenadines

Samoa

São Tomé and Príncipe

Seychelles

Singapore

Solomon Islands

Suriname

Timor-Leste

Tonga

Trinidad and Tobago

Tuvalu

Vanuatu

American Samoa

Anguilla

Aruba

Bermuda

British Virgin Islands

Cayman Islands

Commonwealth of Northern Marianas

Cook Islands

Curaçao

French Polynesia

Guadeloupe

Guam

Martinique

Montserrat

New Caledonia

Niue

Puerto Rico

Sint Maarten

Turks and Caicos Islands

U.S. Virgin Islands

Table I Landlocked developing countries

Landlocked developing countries

Afghanistan

Armenia

Azerbaijan

Bhutan

Bolivia (Plurinational State of)

Botswana

Burkina Faso

Burundi

Central African Republic

Chad

Eswatini

Ethiopia

Kazakhstan

Kyrgystan

Lao People’s Democratic Republic

Lesotho

Malawi

Mali

Mongolia

Nepal

Niger

Paraguay

Republic of Moldova

Rwanda

South Sudan

Tajikistan

The former Yugoslav Republic of Macedonia

Turkmenistan

Uganda

Uzbekistan

Zambia

Zimbabwe

175Country classification

Table J International Organization for Standardization of Country Codes

ISO Code Country

ISO Code Country

ISO Code Country

ISO Code Country

AFG AGO ALB AND ARE ARG ARM ATG AUS AUT AZE BDI BEL BEN BFA BGD BGR BHR BHS BIH

BLR BLZ BOL

BRA BRB BRN BTN BWA CAF

CAN CHE CHL CHN CIV CMR COD

COG COL COM CPV CRI CUB CYP CZE DEU DJI DMA DNK DOM

Afghanistan Angola Albania Andorra United Arab Emirates Argentina Armenia Antigua and Barbuda Australia Austria Azerbaijan Burundi Belgium Benin Burkina Faso Bangladesh Bulgaria Bahrain Bahamas Bosnia and

Herzegovina Belarus Belize Bolivia (Plurinational

State of) Brazil Barbados Brunei Darussalam Bhutan Botswana Central African

Republic Canada Switzerland Chile China Côte D’Ivoire Cameroon Democratic Republic

of the Congo Congo Colombia Comoros Cabo Verde Costa Rica Cuba Cyprus Czech Republic Germany Djibouti Dominica Denmark Dominican Republic

DZA ECU EGY ERI ESP EST ETH FIN FJI FRA FSM

GAB GBR

GEO GHA GIN GMB GNB GNQ GRC GRD GTM GUY HND HRV HTI HUN IDN IND IRL IRN

IRQ ISL ISR ITA JAM JOR JPN KAZ KEN KGZ KHM KIR KNA KOR KWT LAO

Algeria Ecuador Egypt Eritrea Spain Estonia Ethiopia Finland Fiji France Micronesia (Federated

States of) Gabon United Kingdom of

Great Britain and Northern Ireland

Georgia Ghana Guinea Gambia Guinea Bissau Equatorial Guinea Greece Grenada Guatemala Guyana Honduras Croatia Haiti Hungary Indonesia India Ireland Iran (Islamic

Republic of) Iraq Iceland Israel Italy Jamaica Jordan Japan Kazakhstan Kenya Kyrgyzstan Cambodia Kiribati Saint Kitts and Nevis Republic of Korea Kuwait Lao People’s

Democratic Republic

LBN LBR LBY LCA LIE LKA LSO LTU LUX LVA MAR MCO MDA MDG MDV MEX MHL MKD

MLI MLT MMR MNE MNG MOZ MRT MUS MWI MYS NAM NER NGA NIC NLD NOR NPL NRU NZL OMN PAK PAN PER PHL PLW PNG POL PRK

PRT PRY PSE QAT

Lebanon Liberia Libya Saint Lucia Liechtenstein Sri Lanka Lesotho Lithuania Luxembourg Latvia Morocco Monaco Republic of Moldova Madagascar Maldives Mexico Marshall Islands The former Yugoslav

Republic of Macedonia

Mali Malta Myanmar Montenegro Mongolia Mozambique Mauritania Mauritius Malawi Malaysia Namibia Niger Nigeria Nicaragua Netherlands Norway Nepal Nauru New Zealand Oman Pakistan Panama Peru Philippines Palau Papua New Guinea Poland Democratic People’s

Republic of Korea Portugal Paraguay State of Palestine Qatar

ROU RUS RWA SAU SDN SEN SGP SLB SLE SLV SMR SOM SRB SSD STP

SUR SVK SVN SWE SWZ SYC SYR TCD TGO THA TJK TKM TLS TON TTO TUN TUR TUV TZA

UGA UKR URY USA

UZB VCT

VEN

VNM VUT WSM YEM ZAF ZMB ZWE

Romania Russian Federation Rwanda Saudi Arabia Sudan Senegal Singapore Solomon Islands Sierra Leone El Salvador San Marino Somalia Serbia South Sudan Sao Tome and

Principe Suriname Slovakia Slovenia Sweden Eswatini Seychelles Syrian Arab Republic Chad Togo Thailand Tajikistan Turkmenistan Timor-Leste Tonga Trinidad and Tobago Tunisia Turkey Tuvalu United Republic of

Tanzania Uganda Ukraine Uruguay United States of

America Uzbekistan Saint Vincent and the

Grenadines Venezuela (Bolivarian

Republic of) Viet Nam Vanuatu Samoa Yemen South Africa Zambia Zimbabwe

Annex tables

179Annex tables

Table A.1 Developed economies: rates of growth of real GDP, 2010–2020

Annual percentage change

2010-2017a 2010 2011 2012 2013 2014 2015 2016 2017 2018b 2019c 2020c

Developed economies 1.8 2.6 1.5 1.1 1.2 2.0 2.3 1.7 2.2 2.2 2.1 1.9 United States 2.2 2.5 1.6 2.2 1.7 2.6 2.9 1.6 2.2 2.8 2.5 2.0 Canada 2.3 3.1 3.1 1.7 2.5 2.9 1.0 1.4 3.0 2.0 2.0 2.2 Japan 1.5 4.2 -0.1 1.5 2.0 0.4 1.4 1.0 1.7 1.0 1.4 1.2 Australia 2.6 2.4 2.7 3.9 2.2 2.6 2.5 2.6 2.2 3.2 2.7 2.4 New Zealand 2.9 2.0 1.9 2.5 2.2 3.2 4.2 4.1 3.0 2.9 2.7 3.0 European Union 1.5 2.1 1.7 -0.4 0.3 1.8 2.3 2.0 2.4 2.0 2.0 2.0 EU-15 1.4 2.1 1.6 -0.5 0.2 1.7 2.2 1.9 2.2 1.8 1.8 1.8

Austria 1.5 1.8 2.9 0.7 0.0 0.8 1.1 1.5 3.0 2.9 1.9 1.8 Belgium 1.4 2.7 1.8 0.2 0.2 1.3 1.4 1.4 1.7 1.5 1.6 1.6 Denmark 1.5 1.9 1.3 0.2 0.9 1.6 1.6 2.0 2.3 1.6 1.9 1.8 Finland 1.0 3.0 2.6 -1.4 -0.8 -0.6 0.1 2.5 2.8 2.5 2.3 2.3 France 1.3 1.9 2.2 0.3 0.6 1.0 1.1 1.2 2.2 1.7 1.8 1.8 Germany 2.1 4.1 3.7 0.5 0.5 1.9 1.7 2.2 2.2 1.8 1.8 1.8 Greece -3.0 -5.5 -9.1 -7.3 -3.2 0.7 -0.3 -0.2 1.4 1.8 1.9 1.5 Ireland 6.3 1.8 3.0 0.0 1.6 8.3 25.1 5.0 7.2 3.8 4.4 4.2 Italy 0.1 1.7 0.6 -2.8 -1.7 0.1 1.0 0.9 1.5 1.2 1.2 1.0 Luxembourg 3.1 4.9 2.5 -0.4 3.7 5.8 2.9 3.1 2.3 3.1 3.1 3.1 Netherlands 1.3 1.4 1.7 -1.1 -0.2 1.4 2.0 2.2 2.9 2.6 2.5 2.4 Portugal 0.2 1.9 -1.8 -4.0 -1.1 0.9 1.8 1.6 2.7 1.7 1.3 1.9 Spain 0.7 0.0 -1.0 -2.9 -1.7 1.4 3.4 3.3 3.1 2.7 2.3 2.1 Sweden 2.7 6.0 2.7 -0.3 1.2 2.6 4.5 2.7 2.1 2.7 2.2 2.2 United Kingdom 1.9 1.7 1.5 1.5 2.1 3.1 2.3 1.8 1.7 1.3 1.4 1.7

EU-13 2.6 1.7 3.1 0.6 1.3 2.9 3.8 3.2 4.6 4.2 3.6 3.5 Bulgaria 2.1 1.3 1.9 0.0 0.9 1.3 3.5 3.9 3.8 3.4 3.5 3.5 Croatia 0.5 -1.5 -0.3 -2.3 -0.5 -0.1 2.4 3.5 2.9 2.7 2.8 2.7 Cyprus 0.2 1.3 0.3 -3.1 -5.9 -1.4 2.0 4.8 4.2 3.0 2.0 3.2 Czech Republic 2.2 2.3 1.8 -0.8 -0.5 2.7 5.3 2.5 4.3 2.5 3.1 3.3 Estonia 3.6 2.3 7.6 4.3 1.9 2.9 1.9 3.5 4.9 3.8 3.5 3.0 Hungary 2.1 0.7 1.7 -1.6 2.1 4.2 3.4 2.2 4.0 4.8 3.2 3.0 Latvia 2.5 -3.9 6.4 4.0 2.4 1.9 3.0 2.2 4.5 4.6 3.8 4.0 Lithuania 3.3 1.6 6.0 3.8 3.5 3.5 2.0 2.3 3.9 3.2 3.5 3.5 Malta 5.2 3.5 1.3 2.7 4.7 8.1 9.5 5.2 6.7 2.9 2.9 3.6 Poland 3.3 3.6 5.0 1.6 1.4 3.3 3.8 3.0 4.6 5.0 3.8 3.8 Romania 2.8 -2.8 2.0 1.2 3.5 3.1 3.9 4.8 6.8 4.2 3.8 3.6 Slovakia 3.0 5.0 2.8 1.7 1.5 2.8 3.9 3.3 3.4 4.2 4.0 3.6 Slovenia 1.4 1.2 0.6 -2.7 -1.1 3.0 2.3 3.1 4.9 4.2 3.8 3.2

Other Europe 1.7 1.9 1.4 1.7 1.5 2.2 1.6 1.4 1.5 2.1 2.0 1.9 Iceland 2.7 -3.6 2.0 1.3 4.3 2.2 4.5 7.4 4.0 3.5 3.2 4.0 Norway 1.6 0.7 1.0 2.7 1.0 2.0 2.0 1.2 2.0 1.7 2.0 2.1 Switzerland 1.7 3.0 1.7 1.0 1.9 2.4 1.2 1.4 1.1 2.3 2.0 1.7 Memorandum items North America 2.2 2.6 1.8 2.2 1.8 2.6 2.7 1.6 2.3 2.7 2.4 2.0 Developed Asia and Pacific 1.8 3.8 0.5 2.0 2.0 0.9 1.6 1.4 1.9 1.5 1.7 1.5 Europe 1.5 2.1 1.7 -0.2 0.4 1.8 2.3 1.9 2.4 2.0 2.0 2.0 Major developed economies 1.8 2.8 1.5 1.4 1.4 1.9 2.1 1.5 2.1 2.1 2.0 1.8 Euro area 1.3 2.1 1.6 -0.9 -0.2 1.3 2.1 1.9 2.4 2.0 1.9 1.9

Source: UN/DESA, based on data of the United Nations Statistics Division and individual national sources. Note: Regional aggregates calculated at 2012 prices and exchange rates. a Average percentage change. b Partly estimated. c Baseline scenario forecasts, based in part on Project LINK and UN/DESA World Economic Forecasting Model.

180 World Economic Situation and Prospects 2019

Table A.2 Economies in transition: rates of growth of real GDP, 2010–2020

Annual percentage change

2010–2017a 2010 2011 2012 2013 2014 2015 2016 2017 2018b 2019c 2020c

Economies in transition 2.0 4.5 4.7 3.5 2.4 0.9 -2.2 0.4 2.0 2.1 2.0 2.6 South-Eastern Europe 1.8 1.5 1.7 -0.6 2.4 0.1 2.1 3.1 1.9 3.9 3.7 3.7

Albania 2.7 3.7 2.5 1.4 1.0 1.8 2.2 3.4 3.8 4.2 4.0 3.8

Bosnia and Herzegovina 1.7 0.9 1.0 -0.8 2.4 1.1 3.8 3.3 1.3 2.7 3.0 3.0

Montenegro 2.7 2.7 3.3 -2.7 3.5 1.8 3.4 3.8 4.3 4.8 3.7 4.2

Serbia 1.3 0.6 1.4 -1.0 2.6 -1.8 0.8 2.8 1.9 4.5 4.0 4.0

The former Yugoslav Republic of Macedonia 2.3 3.4 2.3 -0.5 2.9 3.6 3.8 2.9 0.0 2.5 3.0 3.0

Commonwealth of Independent States and Georgiad 2.0 4.6 4.8 3.7 2.4 1.0 -2.3 0.3 2.0 2.1 2.0 2.5

Commonwealth of Independent States and Georgia - net fuel exporters 2.0 4.8 4.6 3.8 2.4 1.2 -2.2 0.0 1.8 1.8 1.7 2.3

Azerbaijan 1.6 5.0 0.1 2.2 5.8 2.8 1.0 -3.1 0.1 1.1 1.9 1.9

Kazakhstan 4.6 7.3 8.9 4.8 6.0 4.2 1.2 1.1 4.0 4.0 4.0 4.0

Russian Federation 1.7 4.5 4.3 3.7 1.8 0.7 -2.8 -0.1 1.5 1.5 1.4 2.1

Turkmenistan 8.9 9.2 14.7 11.1 10.2 10.3 6.5 6.2 6.5 6.0 5.0 5.0

Commonwealth of Independent States and Georgia - net fuel importers 2.1 3.3 5.9 2.3 2.2 -1.0 -3.5 2.3 3.6 4.0 3.8 4.0

Armenia 4.2 2.2 4.7 7.2 3.3 3.6 3.2 0.2 7.5 6.0 4.0 3.7

Belarus 1.9 7.7 5.5 1.7 1.0 1.7 -3.8 -2.5 2.4 3.6 3.0 3.0

Georgiad 4.8 6.2 7.2 6.4 3.4 4.6 2.9 2.8 5.0 5.0 4.5 4.3

Kyrgyzstan 3.9 -0.5 6.0 -0.1 10.9 4.0 3.9 4.3 4.6 2.1 3.0 3.0

Republic of Moldova 4.4 7.1 6.8 -0.7 9.4 4.8 -0.4 4.5 4.0 4.3 4.5 4.5

Tajikistan 6.3 6.5 2.4 7.5 7.4 6.7 6.0 6.6 6.6 7.0 6.0 5.5

Ukrainee -0.4 0.3 5.5 0.2 0.0 -6.6 -9.8 2.4 2.5 3.2 2.9 3.4

Uzbekistanf 7.2 8.5 8.3 8.2 8.0 8.0 7.9 6.0 5.3 5.2 5.7 5.8

Source: UN/DESA, based on data of the United Nations Statistics Division and individual national sources. Note: Regional aggregates calculated at 2012 prices and exchange rates. a Average percentage change. b Partly estimated. c Baseline scenario forecasts, based in part on Project LINK and the UN/DESA World Economic Forecasting Model. d Georgia officially left the Commonwealth of Independent States on 18 August 2009. However, its performance is discussed in the context of this group of countries for reasons of geographic proximity and similarities in economic structure. e Starting in 2010, data for the Ukraine excludes the temporarily occupied territory of the Autonomous Republic of Crimea and Sevastopol. f Based on 2019 criteria, Uzbekistan is now considered a net fuel importer.

181Annex tables

Table A.3 Developing economies: rates of growth of real GDP, 2010–2020

Annual percentage change

2010–2017a 2010 2011 2012 2013 2014 2015 2016 2017 2018b 2019c 2020c

Developing countriesd 5.1 7.7 6.3 5.1 5.0 4.5 4.1 3.9 4.5 4.4 4.3 4.6 Africa 3.1 5.1 0.7 6.1 1.8 3.5 2.6 1.6 3.4 3.2 3.4 3.7

North Africa 1.6 4.0 -6.7 9.9 -4.1 0.2 2.3 2.9 5.3 3.7 3.4 3.5 Algeria 3.1 3.6 2.9 3.4 2.8 3.8 3.7 3.3 1.6 2.7 2.2 2.8 Egypte 3.4 5.1 1.8 2.2 2.2 2.9 4.4 4.3 4.2 5.8 5.2 4.7 Libya -19.9 4.3 -61.3 124.7 -52.1 -50.1 -45.5 -16.1 70.8 11.0 1.5 4.0 Mauritania 4.2 4.8 4.7 5.8 6.1 5.6 1.0 2.4 3.5 3.2 5.1 6.9 Morocco 3.9 4.0 6.3 2.3 4.9 4.0 4.5 1.1 4.1 3.5 3.8 3.9 Sudane 2.6 8.8 -0.3 -2.2 2.2 3.2 3.0 3.5 3.2 -2.0 -1.1 4.3 Tunisia 1.7 3.0 -1.9 3.9 2.3 2.4 0.9 1.1 1.9 2.4 3.4 3.6

East Africa 6.0 6.9 6.7 0.9 8.0 7.8 6.6 5.5 6.1 6.2 6.4 6.5 Burundi 3.1 5.1 4.0 4.4 4.9 4.2 -0.4 2.8 0.0 0.1 0.8 2.2 Comoros 4.9 4.8 5.9 6.3 8.9 3.9 2.0 4.1 3.4 3.7 3.8 5.0 Democratic Republic of the Congo 6.5 7.1 6.9 7.1 8.5 9.5 6.9 2.4 3.7 4.2 4.4 4.5 Djibouti 6.1 3.5 4.5 4.8 5.0 8.9 9.7 8.7 4.1 6.8 6.7 4.8 Eritrea 4.3 2.2 8.7 7.0 4.6 2.9 2.6 1.9 5.0 4.1 4.4 5.8 Ethiopia 10.3 12.9 10.8 9.6 10.4 10.3 9.0 9.3 10.3 7.6 7.5 7.7 Kenya 5.8 8.4 6.1 4.6 5.9 5.4 5.8 5.6 4.8 5.9 6.0 6.0 Madagascar 2.5 0.6 1.8 2.5 1.4 2.7 3.1 4.2 4.1 4.9 5.4 5.2 Rwanda 7.1 7.3 7.8 8.8 4.7 7.6 8.9 6.0 6.1 7.0 7.2 7.1 Somalia 2.5 2.6 2.6 2.6 2.6 2.6 2.6 2.6 1.8 3.3 3.9 3.6 South Sudan -2.4 -1.8 1.9 -51.5 30.2 22.2 5.1 0.3 1.3 7.4 8.2 8.5 Uganda 5.0 8.2 5.9 3.2 4.7 4.5 5.7 2.6 5.0 6.0 6.0 6.8 United Republic of Tanzania 6.8 6.4 7.9 5.1 7.3 7.0 7.0 7.0 7.1 6.8 6.9 6.6

Central Africa 2.3 4.0 4.8 7.3 -0.5 4.7 -1.1 -0.5 -0.2 2.2 2.5 3.8 Cameroon 4.7 3.4 4.1 4.5 5.4 5.9 5.7 4.6 3.5 4.1 4.6 4.4 Central African Republic -2.9 3.6 2.0 2.9 -36.7 1.0 4.8 4.5 4.0 4.2 4.0 3.5 Chad 3.2 13.4 6.3 12.5 -5.9 3.4 4.4 -3.4 -3.1 5.2 2.8 4.3 Congo 1.2 15.0 1.2 9.6 -2.5 9.7 -13.2 -2.8 -4.6 1.9 2.1 3.3 Equatorial Guinea -2.5 -8.9 6.5 8.3 -4.1 0.4 -9.1 -8.6 -3.2 -3.8 -2.7 1.7 Gabon 4.5 7.1 7.1 5.3 5.6 4.3 3.9 2.1 1.1 1.9 2.7 4.1 Sao Tome and Principe 4.7 6.7 4.4 3.1 4.8 6.5 3.9 4.2 3.9 5.0 5.4 5.0

West Africa 4.4 7.3 5.0 5.2 5.8 6.1 3.2 0.2 2.4 3.2 3.4 3.8 Benin 4.8 2.1 3.0 4.6 6.9 6.5 5.0 5.0 5.6 6.0 6.3 4.9 Burkina Faso 6.0 8.4 6.6 6.5 5.8 4.3 3.9 5.9 6.3 7.0 6.2 6.4 Cabo Verde 2.1 1.5 4.0 1.1 0.8 0.6 1.0 3.8 4.0 3.8 4.1 3.5 Côte D’Ivoire 6.3 2.0 -4.2 10.1 9.3 8.8 8.8 8.3 8.1 7.9 7.8 7.6 Gambia (Islamic Republic of the) 2.8 6.5 -4.3 5.9 4.8 -0.9 5.9 0.4 4.6 4.0 4.3 4.1 Ghana 7.3 7.9 14.0 9.3 7.3 4.0 3.8 3.7 8.5 7.5 7.4 6.5 Guinea 5.6 4.8 5.6 5.9 3.9 3.7 3.8 10.5 6.7 6.4 6.2 5.8 Guinea Bissau 3.9 4.6 8.1 -1.7 3.3 0.2 6.1 5.8 5.5 6.2 5.2 4.9 Liberia 5.9 7.3 8.2 11.3 4.6 5.2 9.3 -0.5 2.5 3.8 4.8 4.8 Mali 8.2 10.9 7.7 11.2 7.0 7.8 7.6 7.9 5.3 5.2 5.3 5.6 Niger 6.1 8.4 2.3 11.8 5.3 7.5 4.3 4.9 4.9 5.2 5.6 5.2

182 World Economic Situation and Prospects 2019

Annual percentage change

2010–2017a 2010 2011 2012 2013 2014 2015 2016 2017b 2018c 2019c 2020c

Nigeria 3.8 7.8 4.9 4.3 5.4 6.3 2.7 -1.6 0.8 1.9 2.1 2.7 Senegal 4.3 4.2 1.8 4.0 3.9 4.1 6.4 2.8 7.2 7.0 6.7 6.5 Sierra Leone 4.6 5.3 6.3 15.2 20.7 4.6 -20.5 6.3 3.8 5.8 6.4 7.4 Togo 5.8 6.1 6.4 6.5 6.1 5.9 5.7 5.6 4.4 4.9 5.5 5.4

Southern Africa 2.7 4.1 3.9 4.2 3.6 2.9 1.5 0.3 1.5 1.2 2.1 2.6 Angola 3.2 4.9 3.5 8.5 5.0 4.8 0.9 -2.6 0.7 1.0 2.4 3.0 Botswana 4.9 8.6 6.0 4.5 11.3 4.1 -1.7 4.3 2.4 4.4 4.0 4.1 Eswatini 2.8 3.8 2.2 4.7 6.4 1.9 0.4 1.4 1.5 1.3 1.0 1.3 Lesotho 4.0 6.1 6.9 6.0 1.8 3.1 2.5 2.4 3.1 2.0 1.5 2.6 Malawi 4.2 5.5 6.2 -0.6 6.3 6.2 3.3 2.7 4.0 3.6 5.1 5.2 Mauritius 3.8 4.4 4.1 3.5 3.4 3.7 3.6 3.8 3.8 3.7 3.9 3.2 Mozambique 6.2 6.7 7.1 7.2 7.1 7.4 6.6 3.8 3.7 3.4 3.4 4.1 Namibia 4.2 6.0 5.1 5.1 5.6 6.4 6.1 0.7 -0.8 1.0 2.6 3.5 South Africa 2.0 3.0 3.3 2.2 2.5 1.7 1.3 0.6 1.3 0.8 1.7 2.1 Zambia 5.5 10.3 5.6 7.6 5.1 4.7 2.9 3.8 4.1 3.1 3.9 3.8 Zimbabwe 6.8 12.6 15.4 14.8 5.5 2.1 1.7 0.6 3.0 1.5 1.0 4.0

Africa - net fuel exporters 2.0 5.9 -3.5 10.3 -1.5 2.6 1.2 -0.5 1.7 2.1 1.7 3.0

Africa - net fuel importers 3.9 4.5 4.1 3.0 4.4 4.1 3.7 3.1 4.6 3.9 4.5 4.2

East and South Asia 6.6 9.2 7.4 6.0 6.1 6.2 5.8 6.1 6.1 5.8 5.5 5.6 East Asia 6.8 9.5 7.7 6.6 6.5 6.2 5.8 5.7 6.1 5.8 5.6 5.5 Brunei Darussalam 0.1 2.6 3.7 0.9 -2.1 -2.5 -0.4 -2.5 1.3 2.4 2.7 3.0 Cambodia 7.0 6.0 7.1 7.3 7.5 7.1 7.0 6.9 7.0 7.1 7.0 6.6 China 7.9 10.6 9.5 7.9 7.8 7.3 6.9 6.7 6.9 6.6 6.3 6.2 Democratic People’s Republic of

Korea 0.4 -0.5 0.8 1.3 1.1 1.0 -1.1 3.9 -3.5 -1.0 1.5 1.0

Fiji 3.2 3.0 2.7 1.4 4.7 5.6 3.8 0.4 3.8 3.5 3.3 3.4 Hong Kong SARf 3.4 6.8 4.8 1.7 3.1 2.8 2.4 2.2 3.8 3.4 3.1 3.2 Indonesia 5.5 6.2 6.2 6.0 5.6 5.0 4.9 5.0 5.1 5.1 5.1 5.1 Kiribati 2.9 -0.9 1.6 4.6 4.3 -0.6 10.3 1.1 3.1 2.1 2.0 2.3 Lao People's Democratic Republic 7.6 8.1 8.0 7.9 8.0 7.6 7.3 7.0 6.9 6.7 7.0 7.1 Malaysia 5.5 7.4 5.3 5.5 4.7 6.0 5.1 4.2 5.9 4.6 4.4 4.3 Mongolia 8.0 6.4 17.3 12.3 11.6 7.9 2.5 1.4 5.2 6.2 6.1 5.8 Myanmare 7.4 10.2 5.6 7.3 8.4 8.0 7.0 5.9 6.8 6.9 7.2 7.2 Papua New Guinea 5.9 11.2 3.4 4.0 3.6 12.5 8.0 2.4 2.5 0.8 2.7 3.1 Philippines 6.3 7.6 3.7 6.7 7.1 6.1 6.1 6.9 6.7 6.3 6.5 6.4 Republic of Korea 3.4 6.5 3.7 2.3 2.9 3.3 2.8 2.9 3.1 2.6 2.5 2.6 Samoa 2.1 4.3 3.6 -2.3 0.5 1.9 2.9 6.5 -0.4 0.7 2.1 3.0 Singapore 5.3 15.2 6.4 4.1 5.1 3.9 2.2 2.4 3.6 3.2 2.6 2.7 Solomon Islands 4.2 10.6 6.4 2.6 3.0 2.3 2.5 3.5 3.2 3.0 3.1 3.3 Taiwan Province of China 3.4 10.6 3.8 2.1 2.2 4.0 0.8 1.4 2.9 2.7 2.4 2.3 Thailand 3.7 7.5 0.8 7.2 2.7 1.0 3.0 3.3 3.9 4.1 3.8 3.7 Timor-Leste -1.0 -1.2 11.8 5.0 -11.0 -26.0 20.9 0.8 -0.5 0.5 4.5 4.0 Vanuatu 2.1 1.6 1.2 1.8 2.0 2.3 0.2 3.5 4.2 3.3 3.1 3.4 Viet Nam 6.1 6.4 6.2 5.2 5.4 6.0 6.7 6.2 6.8 6.9 6.7 6.5

Table A.3 Developing economies: rates of growth of real GDP, 2010–2020 (continued)

183Annex tables

Table A.3 Developing economies: rates of growth of real GDP, 2010–2020 (continued)

Annual percentage change

2010–2017a 2010 2011 2012 2013 2014 2015 2016 2017b 2018c 2019c 2020c

South Asia 5.9 7.7 6.1 3.3 4.3 6.2 5.8 8.0 6.1 5.6 5.4 5.9 Afghanistane 4.5 3.2 8.7 10.9 6.5 3.1 -1.8 3.6 2.5 2.5 2.8 2.5 Bangladeshe 6.4 5.6 6.5 6.5 6.0 6.1 6.6 7.1 7.3 7.3 7.4 7.2 Bhutan 6.6 11.7 7.9 5.1 2.1 5.7 6.6 8.0 6.0 6.0 6.4 6.1 Indiae 7.3 10.3 6.6 5.5 6.4 7.4 8.2 7.1 6.7 7.4 7.6 7.4 Iran (Islamic Republic of)e 2.6 5.7 2.7 -7.5 -0.1 4.7 -1.1 13.4 4.3 -1.0 -2.4 0.1 Maldives 5.5 7.3 8.6 2.5 7.3 7.3 2.2 6.2 3.2 5.5 6.3 6.1 Nepale 4.3 4.8 3.4 4.8 4.1 6.0 3.3 0.4 7.5 6.3 5.4 5.1 Pakistane 4.1 1.6 2.7 3.5 4.4 4.7 4.7 5.5 5.7 5.4 4.1 3.6 Sri Lanka 5.8 8.0 8.4 9.1 3.4 5.0 5.0 4.5 3.3 3.9 4.1 4.8

East and South Asia - net fuel exporters 4.4 5.7 5.0 1.6 2.9 4.7 3.3 6.6 5.3 3.2 2.4 3.5

East and South Asia - net fuel importers 6.9 9.6 7.7 6.5 6.5 6.4 6.1 6.1 6.2 6.0 5.8 5.8

Western Asia 4.7 5.7 8.7 4.6 5.9 3.3 4.0 3.1 2.5 3.0 2.4 3.4 Western Asia - net fuel exporters 4.4 4.5 9.1 6.1 5.8 3.0 3.9 3.3 -0.1 2.6 2.5 3.9 Bahrain 3.7 4.3 2.0 3.7 5.4 4.4 2.9 3.5 3.8 3.1 2.1 3.1 Iraq 8.4 5.5 10.2 12.6 26.0 0.2 3.8 9.6 1.0 2.4 2.3 6.2 Kuwait 1.9 -2.4 9.6 6.6 1.1 0.5 0.6 2.9 -3.5 3.6 3.2 4.4 Oman 3.7 2.0 2.6 9.1 5.3 1.2 4.7 5.4 -0.3 2.9 2.1 3.5 Qatar 6.1 16.7 13.0 4.7 4.4 4.0 3.6 2.1 1.6 3.3 3.0 4.7 Saudi Arabia 3.9 5.0 10.0 5.4 2.7 3.7 4.1 1.7 -0.9 2.1 2.1 3.1 United Arab Emirates 3.9 1.6 6.9 4.5 5.1 4.4 5.1 3.0 0.8 2.8 3.1 3.4

Western Asia - net fuel exporters 5.1 7.2 8.2 2.6 5.9 3.8 4.1 2.9 6.0 3.4 2.2 2.9 Israel 3.8 5.5 5.2 2.2 4.2 3.5 2.5 4.0 3.4 3.5 3.2 3.7 Jordan 2.5 2.3 2.6 2.7 2.8 3.1 2.4 2.0 2.0 2.1 2.3 4.1 Lebanon 2.3 8.0 0.9 2.8 2.6 1.9 0.4 1.6 0.6 0.9 1.7 2.4 State of Palestine 5.0 8.1 12.4 6.3 2.2 -0.2 3.4 4.7 3.1 -0.8 1.3 1.8 Syrian Arab Republic -9.2 3.4 4.6 -26.3 -26.3 -14.7 -6.1 -4.0 1.9 10.1 11.3 8.5 Turkey 6.8 8.5 11.1 4.8 8.5 5.2 6.1 3.2 7.4 3.5 1.7 2.5 Yemen -10.2 3.3 -15.1 2.2 3.6 -10.6 -30.3 -14.8 -13.8 -2.5 1.9 6.3

Latin America and the Caribbean 2.1 6.1 4.5 2.8 2.9 1.1 -0.1 -1.3 1.0 1.0 1.7 2.3 South America 1.7 6.6 4.8 2.5 3.3 0.4 -1.5 -2.9 0.5 0.4 1.4 2.3 Argentina 2.3 10.1 6.0 -1.0 2.4 -2.5 2.7 -1.8 2.9 -2.8 -1.8 1.2 Bolivia (Plurinational State of) 5.0 4.1 5.2 5.1 6.8 5.5 4.9 4.3 4.2 4.3 4.4 4.0 Brazil 1.3 7.5 4.0 1.9 3.0 0.5 -3.5 -3.5 1.0 1.4 2.1 2.5 Chile 3.5 5.8 6.1 5.3 4.0 1.9 2.3 1.3 1.5 3.9 3.3 3.2 Colombia 3.8 4.0 6.6 4.0 4.9 4.4 3.0 2.0 1.8 2.7 3.3 3.1 Ecuador 3.3 3.5 7.9 5.6 4.9 4.0 0.1 -1.6 2.4 1.0 0.9 1.2 Paraguay 5.8 13.1 4.3 -1.2 14.0 4.7 3.1 4.3 5.2 4.5 4.7 4.3 Peru 4.8 8.3 6.3 6.1 5.9 2.4 3.3 4.0 2.5 3.9 3.8 3.6 Uruguay 3.6 7.8 5.2 3.5 4.6 3.2 0.4 1.7 2.7 1.9 1.5 2.4 Venezuela (Bolivarian Republic of) -4.1 -1.5 4.2 5.6 1.3 -3.9 -5.7 -16.5 -14.0 -15.0 -8.0 -2.0

184 World Economic Situation and Prospects 2019

Annual percentage change

2010–2017a 2010 2011 2012 2013 2014 2015 2016 2017b 2018c 2019c 2020c

Mexico and Central America 3.3 4.9 3.8 3.8 1.9 3.1 3.7 3.1 2.4 2.4 2.5 2.3 Costa Rica 3.9 5.0 4.3 4.8 2.3 3.5 3.6 4.2 3.3 3.2 3.1 3.3 Cuba 2.3 2.4 2.8 3.0 2.7 1.0 4.4 0.5 1.8 1.1 1.3 1.5 Dominican Republic 5.6 8.3 3.1 2.7 4.9 7.6 7.0 6.6 4.6 5.6 5.3 5.5 El Salvador 2.5 2.1 3.8 2.8 2.4 2.0 2.4 2.6 2.3 2.4 2.4 2.2 Guatemala 3.5 2.9 4.2 3.0 3.7 4.2 4.1 3.1 2.8 2.9 3.0 3.2 Haitie 1.7 -5.5 5.5 2.9 4.2 2.8 1.2 1.5 1.2 1.8 2.0 2.1 Honduras 3.7 3.7 3.8 4.1 2.8 3.1 3.8 3.8 4.8 3.6 3.7 3.4 Mexico 3.1 5.1 3.7 3.6 1.4 2.8 3.3 2.9 2.0 2.2 2.3 2.0 Nicaragua 5.2 4.4 6.3 6.5 4.9 4.8 4.8 4.7 4.9 -3.1 -0.3 2.7 Panama 7.1 5.8 11.3 9.8 6.9 5.1 7.5 5.0 5.3 4.8 5.3 4.7

Caribbean 0.5 1.8 1.1 1.4 1.4 -0.2 -0.1 -0.7 -0.4 1.9 2.0 2.0 Bahamas 0.3 1.5 0.6 3.1 -0.6 -1.2 -3.1 0.2 1.8 2.5 2.2 2.2 Barbados 0.6 0.3 0.8 0.3 -0.1 0.1 0.9 1.6 0.9 0.0 0.8 1.1 Belize 2.2 3.3 2.2 3.7 0.7 4.0 3.8 -0.5 0.5 2.6 2.0 2.7 Guyana 4.0 4.1 5.2 5.3 5.0 3.9 3.1 3.4 2.2 3.0 3.7 4.3 Jamaica 0.5 -1.5 1.7 -0.6 0.5 0.7 0.9 1.4 1.0 1.7 1.9 2.0 Suriname 1.0 5.2 5.8 2.7 2.9 0.3 -2.6 -5.1 -0.7 1.7 2.8 2.2 Trinidad and Tobago 0.1 3.3 -0.3 1.3 2.3 -1.0 0.2 -2.3 -2.6 1.9 1.7 1.6

Latin America and the Caribbean - net fuel exporters

0.7 1.5 5.4 4.8 3.4 0.8 -0.8 -5.5 -3.5 -2.8 0.1 1.6

Latin America and the Caribbean - net fuel importers

2.3 7.0 4.4 2.4 2.8 1.1 0.0 -0.6 1.8 1.5 2.0 2.4

Memorandum items:

Least Developed Countries 4.8 6.4 4.7 4.7 5.6 5.3 3.7 3.6 4.6 5.0 5.0 5.7

Africa (excluding Libya) 3.7 5.2 4.1 3.7 4.2 4.6 3.1 1.7 3.1 3.1 3.4 3.7

North Africa (excluding Libya) 3.4 3.9 2.8 2.4 2.8 3.6 3.8 3.2 4.4 3.5 3.5 3.5

East Asia (excluding China) 4.5 7.7 4.5 4.2 4.0 4.1 3.6 3.7 4.2 4.0 3.9 3.9

South Asia (excluding India) 3.7 4.5 4.1 -0.7 1.2 4.4 2.5 8.0 5.9 2.4 0.7 2.6

Western Asia (excluding Israel and Turkey)

3.8 4.5 8.2 4.8 4.9 2.5 3.2 3.0 -0.2 2.6 2.6 3.9

Arab Statesg 3.2 4.3 3.5 6.3 2.3 1.9 2.9 2.9 1.3 2.9 2.8 3.8

Landlocked developing economies

5.2 7.3 7.0 4.3 7.0 5.6 3.4 3.0 4.5 4.5 4.7 4.7

Small island developing economies

4.2 9.3 4.6 3.4 4.1 3.5 3.2 2.4 3.0 3.0 2.8 2.9

Source: UN/DESA, based on data of the United Nations Statistics Division and individual national sources. Note: Regional aggregates calculated at 2012 prices and exchange rates. a Average percentage change. b Partly estimated. c Baseline scenario forecasts, based in part on Project LINK and the UN/DESA World Economic Forecasting Model. d Covering countries that account for 98 per cent of the population of all developing countries. e Fiscal year basis. f Special Administrative Region of China. g Currently includes data for Algeria, Bahrain, Comoros, Djibouti, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Mauritania, Morocco, Oman, Qatar, Saudi Arabia, Somalia, Sudan, Syrian Arab Republic, Tunisia, United Arab Emirates, and Yemen.

Table A.3 Developing economies: rates of growth of real GDP, 2010–2020 (continued)

185Annex tables

Table A.4 Developed economies: consumer price inflation, 2010–2020

Annual percentage changea

2010 2011 2012 2013 2014 2015 2016 2017 2018b 2019c 2020c

Developed economies 1.5 2.5 1.9 1.3 1.4 0.3 0.7 1.7 2.0 2.2 2.1 United States 1.6 3.2 2.1 1.5 1.6 0.1 1.3 2.1 2.5 2.5 2.4 Canada 1.8 2.9 1.5 0.9 1.9 1.1 1.4 1.6 2.3 2.2 2.1 Japan -0.7 -0.3 -0.1 0.3 2.8 0.8 -0.1 0.5 1.2 1.4 1.5 Australia 2.9 3.3 1.8 2.4 2.5 1.5 1.3 1.9 2.1 2.2 2.2 New Zealand 2.3 4.0 1.1 1.1 1.2 0.3 0.6 1.9 1.8 2.1 2.1 European Union 1.9 3.0 2.6 1.5 0.6 0.0 0.3 1.7 1.9 2.1 2.1 EU-15 1.9 2.9 2.5 1.5 0.6 0.1 0.4 1.7 1.9 2.1 2.1

Austria 1.7 3.6 2.6 2.1 1.5 0.8 1.0 2.2 2.0 2.4 2.4 Belgium 2.3 3.4 2.6 1.2 0.5 0.6 1.8 2.2 1.9 2.2 2.2 Denmark 2.2 2.7 2.4 0.5 0.4 0.2 0.0 1.1 1.0 1.6 1.8 Finland 1.7 3.3 3.2 2.2 1.2 -0.2 0.4 0.8 1.3 1.9 2.2 France 1.7 2.3 2.2 1.0 0.6 0.1 0.3 1.2 2.2 2.3 2.0 Germany 1.2 2.5 2.1 1.6 0.8 0.1 0.4 1.7 1.9 1.9 1.9 Greece 4.7 3.1 1.0 -0.9 -1.4 -1.1 0.0 1.1 0.7 2.0 2.2 Ireland -1.6 1.2 1.8 0.5 0.3 0.0 -0.2 0.3 0.7 1.1 1.9 Italy 1.6 2.9 3.3 1.3 0.2 0.1 -0.1 1.4 1.3 1.9 1.9 Luxembourg 2.8 3.7 2.9 1.7 0.7 0.1 0.0 2.1 1.5 2.6 3.3 Netherlands 0.9 2.5 2.8 2.6 0.3 0.2 0.1 1.3 1.5 2.0 2.1 Portugal 1.4 3.6 2.8 0.4 -0.2 0.5 0.6 1.6 1.3 2.0 2.0 Spain 2.1 3.0 2.4 1.5 -0.2 -0.6 -0.3 2.0 1.4 1.8 1.8 Sweden 1.9 1.4 0.9 0.4 0.2 0.7 1.1 1.9 2.2 2.6 2.5 United Kingdom 3.2 4.5 2.9 2.5 1.5 0.0 0.7 2.7 2.6 2.6 2.4

EU-13 2.7 3.8 3.7 1.5 0.2 -0.4 -0.2 1.8 2.4 2.3 2.3 Bulgaria 2.4 4.2 3.0 0.9 -1.4 -0.1 -0.8 2.1 2.9 2.5 2.6 Croatia 1.0 2.3 3.4 2.2 -0.2 -0.5 -1.1 1.1 1.6 1.8 1.8 Cyprus 2.4 3.3 2.4 -0.4 -1.4 -2.1 -1.7 0.5 0.6 1.5 1.8 Czech Republic 1.2 2.2 3.6 1.3 0.5 0.2 0.7 2.4 2.3 2.3 2.0 Estonia 2.7 5.1 4.2 3.2 0.5 0.1 0.8 3.7 3.3 3.0 2.9 Hungary 4.7 3.9 5.7 1.7 0.0 0.1 0.5 2.4 2.9 2.9 2.7 Latvia -1.2 4.2 2.3 0.0 0.7 0.2 0.1 2.9 2.4 2.5 2.3 Lithuania 1.2 4.1 3.2 1.2 0.2 -0.7 0.7 3.7 2.6 2.3 1.9 Malta 1.5 2.7 2.4 1.4 0.3 1.1 0.6 1.4 1.9 2.4 2.3 Poland 2.7 3.9 3.6 0.8 0.1 -0.7 -0.2 1.6 1.5 1.9 1.9 Romania 6.1 5.8 3.3 4.0 1.1 -0.6 -1.5 1.3 4.5 3.5 3.5 Slovakia 0.7 4.1 3.7 1.5 -0.1 -0.3 -0.5 1.4 2.7 2.2 2.2 Slovenia 2.1 2.1 2.8 1.9 0.4 -0.8 -0.2 1.6 2.3 2.1 2.0

Other European countries 1.4 0.6 -0.2 1.0 0.8 0.4 1.4 1.1 1.7 1.9 2.1 Iceland 7.5 4.2 6.0 4.1 1.0 0.3 0.8 -1.6 1.7 3.1 3.6 Norway 2.3 1.3 0.3 2.0 1.9 2.0 3.9 1.8 3.0 2.6 2.5 Switzerland 0.6 0.1 -0.7 0.1 0.0 -0.8 -0.5 0.6 0.8 1.3 1.7 Memorandum items: North America 1.7 3.1 2.0 1.4 1.7 0.2 1.3 2.1 2.5 2.5 2.4 Developed Asia and Pacific 0.1 0.5 0.3 0.8 2.7 0.9 0.2 0.8 1.4 1.6 1.7 Europe 1.9 2.8 2.4 1.5 0.6 0.1 0.4 1.7 1.9 2.1 2.1 Major developed economies 1.3 2.5 1.8 1.3 1.6 0.3 0.7 1.7 2.1 2.2 2.1 Euro area 1.6 2.7 2.5 1.4 0.5 0.0 0.2 1.5 1.7 2.0 2.0

Sources: UN/DESA, based on OECD Main Economic Indicators; Eurostat; and individual national sources. a Data for country groups are weighted averages, where weights for each year are based on 2012 GDP in United States dollars. b Partly estimated. c Baseline scenario forecasts, based in part on Project LINK and the UN/DESA World Economic Forecasting Model.

186 World Economic Situation and Prospects 2019

Table A.5 Economies in transition: consumer price inflation, 2010–2020

Annual percentage changea

2010 2011 2012 2013 2014 2015 2016 2017 2018b 2019c 2020c

Economies in transition 7.1 9.6 6.1 6.4 7.8 15.6 7.8 5.1 4.0 4.9 4.3 South-Eastern Europe 4.1 7.3 4.9 4.4 1.0 0.8 0.5 2.3 2.0 2.3 2.3

Albania 3.6 3.5 2.0 1.9 1.6 1.9 1.3 2.0 2.3 2.4 2.3

Bosnia and Herzegovina 2.1 3.7 2.1 -0.1 -0.9 -1.0 -1.1 1.2 1.5 1.8 1.8

Montenegro 0.7 3.5 4.1 2.2 -0.7 1.5 -0.3 2.4 3.0 2.5 2.5

Serbia 6.1 11.1 7.3 7.7 2.1 1.4 1.1 3.1 2.0 2.5 2.5

The former Yugoslav Republic of Macedonia 1.5 3.9 3.3 2.8 -0.3 -0.3 -0.2 1.3 1.5 2.1 2.1

Commonwealth of Independent States and Georgiad 7.2 9.6 6.1 6.4 8.0 16.1 8.0 5.1 4.0 4.9 4.4

Commonwealth of Independent States and Georgia - net fuel exporters

6.8 8.5 5.0 6.5 7.5 14.2 7.6 4.3 3.2 4.5 4.0

Azerbaijan 5.7 7.9 1.1 2.4 1.4 4.0 12.4 12.9 2.5 3.5 3.0

Kazakhstan 7.4 8.5 5.2 5.9 6.8 6.7 14.4 7.4 6.7 6.0 5.4

Russian Federation 6.8 8.4 5.1 6.8 7.8 15.5 7.0 3.7 2.9 4.4 4.0

Turkmenistan 2.3 12.9 8.3 1.2 0.7 -5.2 -4.8 5.6 6.0 4.8 4.0

Commonwealth of Independent States and Georgia - net fuel exporters

10.3 18.2 14.2 6.0 12.1 29.8 11.1 11.5 10.1 8.1 7.1

Armenia 8.2 7.7 2.6 5.8 3.0 3.7 -1.4 1.0 2.8 3.4 2.9

Belarus 7.7 53.2 59.2 18.3 18.1 13.5 11.8 6.0 4.9 4.9 4.5

Georgiad 7.1 8.5 -0.9 -0.5 3.1 4.0 2.1 6.0 2.9 3.0 3.0

Kyrgyzstan 8.0 16.6 2.8 6.6 7.5 6.5 0.4 3.2 2.4 3.0 3.0

Republic of Moldova 7.5 7.7 4.5 4.6 5.1 9.7 6.4 6.6 3.5 3.6 3.5

Tajikistan 6.4 12.4 5.8 5.0 6.1 5.7 6.0 8.0 6.0 5.0 5.0

Ukrainee 9.4 8.0 0.6 -0.2 12.1 48.7 13.9 14.4 12.2 10.3 8.8

Uzbekistanf 19.2 16.5 14.8 14.0 11.9 9.1 8.9 14.4 15.9 9.0 8.0

Sources: UN/DESA, based on data of the United Nations Statistics Division and individual national sources. Note: Regional aggregates calculated at 2012 prices and exchange rates. a Average percentage change. b Partly estimated. c Baseline scenario forecasts, based in part on Project LINK and the UN/DESA World Economic Forecasting Model. d Georgia officially left the Commonwealth of Independent States on 18 August 2009. However, its performance is discussed in the context of this group of countries for reasons of geographic proximity and similarities in economic structure. e Starting in 2010, data for the Ukraine excludes the temporarily occupied territory of the Autonomous Republic of Crimea and Sevastopol. f Based on 2019 criteria, Uzbekistan is now considered a net fuel importer.

187Annex tables

Table A.6 Developing economies: consumer price inflation, 2010–2020

Annual percentage changea

2010 2011 2012 2013 2014 2015 2016 2017 2018b 2019c 2020c

Developing countries by regiond 5.3 6.6 5.4 5.7 5.0 4.3 5.2 4.4 5.2 5.1 4.4 Africa 7.7 9.1 9.1 6.9 6.8 7.2 13.3 14.4 11.1 8.5 7.2

North Africa 6.8 8.4 8.6 7.7 7.7 7.8 11.6 18.4 12.8 7.8 6.0 Algeria 3.9 4.5 8.9 3.3 2.9 4.8 6.4 5.6 3.9 2.9 2.2

Egypt 11.3 10.1 7.1 9.4 10.1 10.4 13.8 29.5 14.2 10.7 8.9

Libya 2.8 15.5 6.1 2.6 2.4 9.0 26.7 28.4 12.0 11.0 10.0

Mauritania 6.3 5.7 4.9 4.1 3.5 3.3 1.5 2.3 3.4 5.4 6.5

Morocco 1.0 0.9 1.3 1.9 0.4 1.6 1.6 0.8 1.4 1.1 1.4

Sudan 13.2 18.1 35.6 36.5 36.9 16.9 17.6 32.6 64.1 19.4 9.2

Tunisia 4.4 3.5 5.1 5.8 4.9 4.9 3.7 5.3 7.3 3.9 2.7

East Africa 5.7 18.7 15.3 5.5 5.3 7.8 20.5 18.0 11.3 6.9 6.0 Burundi 6.5 9.6 18.2 7.9 4.4 5.5 5.6 16.1 6.8 10.5 13.2

Comoros 3.4 1.8 6.3 -4.3 0.6 -8.1 7.6 2.2 0.5 1.0 1.2

Democratic Republic of the Congo 7.1 15.3 9.7 0.8 1.2 0.7 2.9 13.2 11.0 7.1 4.6

Djibouti 4.0 5.1 3.7 2.7 1.3 -0.8 2.7 0.6 1.6 1.5 1.2

Eritrea 15.2 25.3 20.7 7.3 15.2 1.0 21.9 7.5 6.0 4.5 3.7

Ethiopia 8.1 33.3 24.1 8.1 7.4 10.1 7.3 9.8 11.5 10.0 9.7

Kenya 4.0 14.0 9.4 5.7 6.9 6.6 6.3 8.0 5.1 4.6 4.3

Madagascar 9.2 9.5 5.7 5.8 6.1 7.4 6.7 8.3 7.2 6.5 5.8

Rwanda -0.2 3.1 10.3 5.9 2.4 2.5 7.2 8.3 2.9 4.5 4.8

Somalia -15.3 -3.0 -2.0 -3.2 -4.2 -5.5 -3.6 2.2 0.8 1.3 1.5

South Sudan 1.2 47.3 45.1 0.0 1.7 52.8 351.3 239.1 109.3 22.6 10.9

Uganda 4.0 16.2 12.7 4.9 3.1 5.6 5.7 5.2 3.9 4.7 5.2

United Republic of Tanzania 6.2 12.7 16.0 7.9 6.1 5.6 5.2 5.3 4.6 4.9 4.6

Central Africa 2.2 1.8 5.1 2.4 3.1 3.2 17.3 1.9 2.6 2.7 2.5 Cameroon 1.3 2.9 2.7 2.1 1.9 2.7 0.9 0.6 1.6 1.9 1.8

Central African Republic 1.5 1.3 5.8 1.5 25.3 37.1 5.6 21.7 11.0 7.9 5.3

Chad -2.1 -3.7 14.0 0.1 1.7 3.7 -0.5 -1.7 1.4 2.3 2.4

Congo 0.4 0.8 6.1 6.0 0.1 4.5 95.2 4.0 3.3 2.6 2.0

Equatorial Guinea 7.8 4.8 3.7 2.9 4.3 1.7 1.4 0.7 3.4 3.7 3.8

Gabon 1.5 1.3 2.7 0.5 4.7 -0.3 2.1 3.9 2.7 2.5 2.3

Sao Tome and Principe 13.3 14.3 10.6 8.1 7.0 5.2 5.4 5.7 5.7 3.8 2.3

West Africa 11.6 9.7 10.4 7.6 7.3 8.3 13.3 13.8 13.4 12.1 10.2 Benin 2.3 2.7 6.7 0.9 -1.0 0.3 -0.8 0.1 2.2 2.2 1.5

Burkina Faso -0.8 2.8 3.8 0.5 -0.3 1.0 -0.2 0.4 1.9 2.2 1.9

Cabo Verde 2.1 4.5 2.5 1.5 -0.2 0.1 -1.4 0.8 1.3 2.1 1.9

Côte D’Ivoire 1.2 4.9 1.3 2.6 0.4 1.3 0.7 0.7 2.1 3.1 3.3

Gambia (Islamic Republic of the) 5.0 4.8 4.3 5.7 5.9 6.8 7.2 8.6 4.1 4.0 4.0

Ghana 10.7 8.7 7.1 11.7 15.5 17.1 17.5 12.4 8.3 12.2 12.0

Guinea 15.5 21.4 15.2 11.9 9.7 8.2 8.2 8.9 9.2 7.4 7.1

Guinea Bissau 2.5 5.0 2.1 1.2 -1.5 1.4 1.6 1.4 1.8 2.4 2.4

Liberia 7.3 8.5 6.8 7.6 9.9 7.7 8.8 12.4 11.2 6.5 3.9

Mali 1.1 3.0 5.3 -0.6 0.9 1.5 -1.8 1.8 2.5 2.7 2.5

Niger 0.8 2.9 0.5 2.3 -0.9 1.0 0.2 2.4 4.1 3.5 2.6

Nigeria 13.7 10.8 12.2 8.5 8.1 9.0 15.7 16.5 16.2 14.1 11.6

Senegal 1.2 3.4 1.4 0.7 -1.1 0.1 0.8 1.3 1.7 2.3 2.1

Sierra Leone 7.2 6.8 6.6 5.5 4.6 6.7 10.9 18.2 11.7 9.1 7.8

188 World Economic Situation and Prospects 2019

Annual percentage changea

2010 2011 2012 2013 2014 2015 2016 2017 2018b 2019c 2020c

Togo 0.0 3.6 2.6 1.8 0.2 1.8 0.9 -0.8 1.3 1.6 1.6

Southern Africa 6.6 7.0 6.8 6.5 6.2 5.8 12.3 10.8 8.1 7.3 6.9 Angola 14.5 13.5 10.3 8.8 7.3 10.3 32.4 31.7 20.8 14.7 13.0

Botswana 6.9 8.5 7.5 5.9 4.4 3.1 2.8 3.3 3.6 4.2 4.5

Eswatini 4.5 6.1 8.9 5.6 5.7 5.0 7.8 6.2 5.7 5.5 5.0

Lesotho 3.6 5.0 6.1 5.0 5.3 3.2 6.6 5.3 5.0 4.4 3.9

Malawi 7.4 7.6 21.3 27.3 23.8 21.9 21.7 11.5 9.7 6.8 5.8

Mauritius 2.9 6.5 3.9 3.5 3.2 1.3 1.0 3.7 3.8 3.8 3.7

Mozambique 12.4 11.2 2.6 4.3 2.6 3.6 17.4 15.1 5.5 6.5 6.7

Namibia 4.9 5.0 6.7 5.6 5.3 3.4 6.7 6.1 4.3 4.4 4.3

South Africa 4.1 5.0 5.7 5.8 6.1 4.5 6.6 5.2 4.8 5.5 5.4

Zambia 8.5 6.4 6.6 7.0 7.8 10.1 17.9 6.6 8.3 7.1 6.8

Zimbabwe 3.0 3.5 3.7 1.6 -0.2 -2.4 -1.6 0.9 2.1 2.6 3.0

Africa - net fuel exporters 9.7 9.9 11.3 7.9 7.4 8.1 17.2 16.8 15.2 10.8 8.8

Africa - net fuel importers 6.0 8.4 7.3 6.2 6.3 6.4 10.2 12.6 7.9 6.6 5.9

East and South Asia 4.7 6.4 4.6 5.2 3.4 2.6 2.6 2.3 3.5 4.1 3.6 East Asia 3.2 5.3 2.8 2.8 2.3 1.6 1.9 1.8 2.2 2.5 2.5 Brunei Darussalam 0.4 0.1 0.1 0.4 -0.2 -0.4 -0.7 -0.2 0.2 0.6 0.9

Cambodia 4.0 5.5 2.9 2.9 3.9 1.2 3.0 2.9 2.7 3.1 3.0

China 3.2 5.6 2.6 2.6 1.9 1.4 2.0 1.6 2.1 2.5 2.6

Democratic People’s Republic of Korea -15.6 6.8 4.0 1.6 3.7 3.1 -0.6 -2.0 -1.0 2.0 2.0

Fiji 3.7 7.3 3.4 2.9 0.5 1.4 3.9 3.4 3.2 3.1 3.0

Hong Kong SARe 2.3 5.3 4.1 4.3 4.4 3.0 2.4 1.5 1.9 2.5 2.7

Indonesia 5.1 5.4 4.3 6.4 6.4 6.4 3.5 3.8 3.3 3.7 3.5

Kiribati -3.9 1.5 -3.0 -1.5 2.1 0.6 0.7 2.1 2.9 2.4 2.3

Lao People's Democratic Republic 6.0 7.6 4.3 6.4 4.1 1.3 1.6 0.8 2.2 2.5 2.8

Malaysia 1.7 3.2 1.7 2.1 3.1 2.1 2.1 3.9 1.3 2.2 2.3

Mongolia 10.1 8.4 14.3 10.5 12.2 6.6 1.1 4.1 6.8 7.8 6.5

Myanmar 7.7 5.0 1.5 5.5 5.0 9.5 7.0 4.6 6.6 6.0 5.8

Papua New Guinea 6.0 4.4 4.5 5.0 5.2 6.0 6.7 5.9 5.2 4.7 5.3

Philippines 3.8 4.7 3.0 2.6 3.6 0.7 1.3 2.9 5.5 4.0 3.2

Republic of Korea 2.9 4.0 2.2 1.3 1.3 0.7 1.0 1.9 1.6 1.8 2.0

Samoa 0.8 5.2 2.0 0.6 -0.4 0.7 1.3 1.6 3.3 2.7 2.8

Singapore 2.8 5.2 4.6 2.4 1.0 -0.5 -0.5 0.6 0.5 1.1 1.3

Solomon Islands 1.1 7.3 5.9 5.4 5.2 -0.6 0.5 0.5 2.7 2.9 3.0

Taiwan Province of China 1.1 1.4 1.6 1.0 1.3 -0.6 1.0 1.1 1.7 1.6 1.6

Thailand 3.2 3.8 3.0 2.2 1.9 -0.9 0.2 0.7 1.2 1.5 1.6

Timor-Leste 6.8 13.5 11.8 11.1 0.7 0.6 -1.3 0.6 2.3 2.8 2.2

Vanuatu 2.8 1.1 1.1 1.5 0.8 2.5 0.8 2.6 3.1 2.8 3.0

Viet Nam 8.9 18.7 9.1 6.6 4.7 0.9 3.2 3.5 3.7 4.2 4.0

South Asia 11.3 11.6 12.7 16.2 8.6 7.1 5.6 4.6 9.6 11.4 8.7 Afghanistan 0.9 10.2 7.2 7.7 4.6 -0.7 4.4 5.0 3.7 5.2 5.4

Bangladesh 8.1 11.4 6.2 7.5 7.0 6.2 5.5 5.7 5.7 6.1 6.1

Bhutan 7.0 8.8 10.9 7.0 8.3 4.5 4.3 3.9 4.3 5.0 4.7

India 12.0 8.9 9.3 10.9 6.4 5.9 4.9 2.5 4.5 5.1 4.9

Table A.6 Developing economies: consumer price inflation, 2010–2020 (continued)

189Annex tables

Table A.6 Developing economies: consumer price inflation, 2010–2020 (continued)

Annual percentage changea

2010 2011 2012 2013 2014 2015 2016 2017 2018b 2019c 2020c

Iran (Islamic Republic of) 10.1 20.6 26.5 39.3 17.2 13.7 8.6 10.5 28.8 34.9 22.8

Maldives 6.1 11.3 10.9 3.8 2.1 1.0 0.5 2.7 1.6 2.5 3.0

Nepal 9.3 9.2 9.5 9.0 8.4 7.9 8.8 3.2 4.3 5.3 5.1

Pakistan 13.9 11.9 9.7 7.7 7.2 2.5 3.8 4.1 4.8 7.3 6.1

Sri Lanka 6.2 6.7 7.5 6.9 3.2 3.8 4.0 7.7 5.0 4.7 5.1

East and South Asia - net fuel exporters

6.8 10.8 12.2 18.1 10.2 9.0 5.4 6.2 12.5 15.0 10.6

East and South Asia - net fuel importers

4.5 5.9 3.7 3.7 2.7 1.9 2.2 1.9 2.5 2.8 2.9

Western Asia 4.8 4.9 5.0 5.2 4.3 4.1 4.0 3.9 6.3 4.5 4.7 Net fuel exporters 3.1 4.1 2.7 2.6 2.4 2.1 2.0 0.3 2.2 1.9 2.2 Bahrain 2.0 -0.4 2.8 3.3 2.6 1.9 2.7 1.4 2.8 3.1 3.0

Iraq 2.9 5.8 6.1 1.9 2.2 1.4 0.5 0.2 0.4 1.1 1.6

Kuwait 4.5 4.8 3.3 2.7 3.1 3.7 3.5 1.5 0.5 2.1 3.4

Oman 3.2 4.0 2.9 1.0 1.0 0.1 1.1 1.6 1.1 1.3 1.5

Qatar -2.4 2.0 1.8 3.2 3.4 1.8 2.7 0.4 0.5 2.9 4.4

Saudi Arabia 5.3 5.8 2.9 3.5 2.2 1.3 2.0 -0.9 2.9 1.8 2.0

United Arab Emirates 0.9 0.9 0.7 1.1 2.3 4.1 1.6 2.0 3.7 1.7 1.2

Yemen 11.2 19.5 9.9 11.0 8.1 23.9 11.9 12.4 13.7 13.4 12.3

Net fuel importers 7.0 6.0 8.2 8.7 6.8 6.7 6.9 8.8 11.8 8.1 8.1 Israel 2.7 3.5 1.7 1.6 0.5 -0.6 -0.5 0.2 0.9 1.6 1.7

Jordan 4.8 4.2 4.5 4.8 2.9 -0.9 -0.8 3.3 4.5 2.3 1.5

Lebanon 4.0 5.0 6.6 4.8 1.9 -3.7 -0.8 4.4 4.3 1.4 0.8

State of Palestine 3.7 2.9 2.8 1.7 1.7 1.4 -0.2 0.2 0.1 1.0 1.7

Syrian Arab Republic 4.4 4.8 36.7 82.9 10.3 32.7 45.7 20.7 4.3 13.6 16.8

Turkey 8.6 6.5 9.0 7.5 8.9 7.7 7.7 11.1 16.1 10.2 10.0

Latin America and the Caribbeand 6.1 6.9 6.4 6.8 8.8 7.9 9.8 6.1 6.7 6.7 5.3 South Americad 6.8 7.9 7.2 7.9 10.8 10.0 12.5 6.4 7.6 7.8 5.9 Argentina 22.1 19.9 21.0 24.5 41.7 23.6 41.0 24.3 33.0 32.0 19.5

Bolivia (Plurinational State of) 2.5 9.9 4.5 5.7 5.8 4.1 3.6 2.8 2.3 3.0 3.4

Brazil 5.0 6.6 5.4 6.2 6.3 9.0 8.7 3.4 3.7 4.1 4.0

Chile 1.4 3.3 3.0 1.9 4.4 4.3 3.8 2.2 2.4 2.9 2.7

Colombia 2.3 3.4 3.2 2.0 2.9 5.0 7.5 4.3 3.2 3.1 3.0

Ecuador 3.6 4.5 5.1 2.7 3.6 4.0 1.7 0.4 0.0 1.3 1.7

Paraguay 4.7 8.3 3.7 2.7 5.0 3.1 4.1 3.6 4.1 4.0 4.2

Peru 1.5 3.4 3.7 2.8 3.2 3.6 3.6 2.8 1.2 2.0 2.4

Uruguay 6.7 8.1 8.1 8.6 8.9 8.7 9.6 6.2 7.6 7.5 6.7

Venezuela (Bolivarian Republic of) 28.2 26.1 21.1 40.6 62.2 121.7 254.9 250.0 … … …

Mexico and Central America 4.1 4.3 4.2 3.7 3.8 2.5 2.9 5.5 4.6 4.1 3.8 Costa Rica 5.7 4.9 4.5 5.2 4.5 0.8 0.0 1.6 2.3 2.9 2.8

Cuba 0.5 11.1 5.6 0.2 1.4 1.8 6.9 5.2 6.4 5.3 4.4

Dominican Republic 6.3 8.7 3.6 4.7 3.1 0.8 1.6 3.3 3.9 3.8 3.8

El Salvador 0.9 5.1 1.7 0.8 1.1 -0.7 0.6 1.0 1.2 1.4 1.5

Guatemala 3.9 6.2 3.8 4.3 3.4 2.4 4.4 4.4 4.3 4.0 3.8

Haiti 5.7 8.4 6.3 5.9 4.6 9.0 13.8 14.7 13.4 12.6 11.5

190 World Economic Situation and Prospects 2019

Annual percentage changea

2010 2011 2012 2013 2014 2015 2016 2017 2018b 2019c 2020c

Honduras 4.7 6.8 5.2 5.2 6.1 3.2 2.7 3.9 4.3 4.0 3.9

Mexico 4.2 3.4 4.1 3.8 4.0 2.7 2.8 6.0 4.8 4.2 3.8

Nicaragua 5.5 8.1 7.2 7.1 6.0 4.0 3.5 3.9 4.9 4.5 4.5

Panama 3.5 5.9 5.7 4.0 2.6 0.1 0.7 0.9 0.8 1.3 1.6

Caribbean 8.3 6.5 6.4 4.7 4.8 3.4 6.1 4.1 2.7 3.2 3.6 Bahamas 1.3 3.2 2.0 0.7 1.5 1.9 -0.3 1.5 2.0 2.3 2.4

Barbados 5.8 9.4 4.5 1.8 1.8 -1.1 1.3 4.7 2.6 2.4 2.3

Belize 0.9 1.6 1.3 0.5 1.2 -0.9 0.7 1.2 0.3 1.3 2.0

Guyana 2.1 5.0 2.4 1.9 0.9 -1.0 0.8 1.9 1.4 1.9 2.4

Jamaica 12.6 7.5 6.9 9.3 8.3 3.7 2.3 4.4 4.2 4.0 4.0

Suriname 6.9 17.7 5.0 1.9 3.4 6.9 55.5 22.0 8.3 7.5 6.5

Trinidad and Tobago 10.5 5.1 9.3 5.2 5.7 4.7 3.1 1.9 1.3 2.6 3.6

Latin America and the Caribbean - net fuel exporters

2.9 4.0 3.9 2.5 3.3 4.7 6.1 3.4 2.5 2.7 2.8

Latin America and the Caribbean - net fuel importers

6.4 7.2 6.6 7.2 9.4 8.2 10.2 6.4 7.2 7.1 5.6

Memorandum items:

Least developed countries 8.2 12.6 11.1 8.6 7.8 8.4 15.2 14.8 13.8 8.6 7.2

East Asia (excluding China) 3.4 4.7 3.2 3.1 3.1 1.9 1.7 2.3 2.2 2.5 2.5

South Asia (excluding India) 10.2 16.2 18.3 25.1 12.4 9.3 6.8 8.1 18.1 22.1 15.2

Western Asia (excluding Israel and Turkey) 3.3 4.4 3.7 4.7 2.7 3.0 3.0 1.2 2.5 2.3 2.6

Arab Statesf 4.3 5.5 5.1 5.6 4.2 4.4 5.6 6.2 5.5 3.9 3.6

Landlocked developing economies 6.6 10.9 8.2 5.8 5.6 5.9 12.7 10.1 7.4 5.7 5.2

Small island developing States 3.7 6.4 4.8 2.9 2.0 0.9 2.1 2.4 2.4 2.6 2.7

Sources: UN/DESA, based on data of the United Nations Statistics Division and individual national sources. Note: Regional aggregates calculated at 2012 prices and exchange rates.

a Average percentage change. b Partly estimated. c Baseline scenario forecasts, based in part on Project LINK and the UN/DESA World Economic Forecasting Model. d Regional aggregates exclude Venezuela (Bolivarian Republic of), due to the potential distortionary impacts of very high inflation in a single country. e Special Administrative Region of China. f Currently includes data for Algeria, Bahrain, Comoros, Djibouti, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Mauritania, Morocco, Oman, Qatar, Saudi Arabia, Somalia, Sudan, Syrian Arab Republic, Tunisia, United Arab Emirates and Yemen..

Table A.6 Developing economies: consumer price inflation, 2010–2020 (continued)

191Annex tables

Table A.7 Developed economies: unemployment rates,a,b 2010–2020

Percentage of labour force

2010 2011 2012 2013 2014 2015 2016 2017 2018c 2019d 2020d

Developed economies 8.7 8.5 8.6 8.5 7.8 7.1 6.5 5.8 5.4 5.1 5.0 United States 9.6 9.0 8.1 7.4 6.2 5.3 4.9 4.4 3.9 3.5 3.6 Canada 8.1 7.5 7.3 7.1 6.9 6.9 7.0 6.3 5.9 5.9 6.0 Japan 5.1 4.6 4.4 4.0 3.6 3.4 3.1 2.8 2.7 2.6 2.6 Australia 5.2 5.1 5.2 5.7 6.1 6.1 5.7 5.6 5.5 5.5 5.6 New Zealand 6.2 6.0 6.4 5.8 5.4 5.4 5.1 4.7 4.7 4.7 4.7 European Union 9.5 9.6 10.4 10.8 10.2 9.4 8.5 7.6 7.0 6.7 6.5 EU-15 9.4 9.6 10.5 11.0 10.5 9.8 9.0 8.2 7.6 7.3 7.2

Austria 4.8 4.6 4.9 5.3 5.6 5.7 6.0 5.5 5.0 5.0 5.0 Belgium 8.3 7.1 7.5 8.4 8.5 8.5 7.8 7.1 6.8 6.8 6.8 Denmark 7.5 7.6 7.5 7.0 6.6 6.2 6.2 5.7 5.8 5.8 5.8 Finland 8.4 7.8 7.7 8.2 8.7 9.4 8.8 8.6 8.6 8.5 8.5 France 8.9 8.8 9.4 9.9 10.3 10.4 10.1 9.4 9.1 9.1 9.1 Germany 7.0 5.8 5.4 5.2 5.0 4.6 4.1 3.7 3.4 3.5 3.5 Greece 12.7 17.9 24.4 27.5 26.5 24.9 23.5 21.5 20.1 19.3 18.8 Ireland 14.5 15.4 15.5 13.7 11.9 9.9 8.4 6.7 5.6 5.0 5.0 Italy 8.4 8.4 10.7 12.1 12.7 11.9 11.7 11.2 10.4 9.7 9.7 Luxembourg 4.4 4.9 5.1 5.8 5.9 6.7 6.3 5.5 5.6 5.5 5.4 Netherlands 4.5 5.0 5.8 7.2 7.4 6.9 6.0 4.8 4.3 4.0 3.9 Portugal 10.8 12.7 15.5 16.2 13.9 12.4 11.1 8.9 7.9 7.7 7.5 Spain 19.9 21.4 24.8 26.1 24.4 22.1 19.6 17.2 15.6 14.1 13.1 Sweden 8.6 7.8 8.0 8.1 8.0 7.4 7.0 6.7 6.6 6.5 6.5 United Kingdom 7.8 8.0 7.9 7.5 6.1 5.3 4.8 4.3 4.1 4.2 4.1

EU-13 9.8 9.9 10.0 10.1 9.0 7.9 6.6 5.4 4.6 4.3 4.0 Bulgaria 10.3 11.3 12.3 13.0 11.4 9.2 7.6 6.2 5.6 5.2 4.8 Croatia 11.8 13.7 15.8 17.4 17.2 16.1 13.4 11.1 10.0 9.4 8.9 Cyprus 6.3 7.9 11.9 15.9 16.1 15.0 13.0 11.1 11.2 11.0 10.8 Czech Republic 7.3 6.7 7.0 7.0 6.1 5.0 4.0 2.9 2.4 2.1 1.9 Estonia 16.7 12.3 10.0 8.6 7.4 6.2 6.8 5.8 5.9 5.7 5.4 Hungary 11.2 11.0 11.0 10.2 7.7 6.8 5.1 4.2 3.8 3.5 3.4 Latvia 19.5 16.2 15.1 11.9 10.8 9.9 9.6 8.7 7.5 7.0 6.8 Lithuania 17.8 15.4 13.4 11.8 10.7 9.1 7.9 7.1 6.7 6.4 6.2 Malta 6.9 6.4 6.2 6.1 5.7 5.4 4.7 4.0 4.1 4.2 4.0 Poland 9.6 9.6 10.1 10.3 9.0 7.5 6.2 4.9 4.0 3.5 3.2 Romania 7.0 7.2 6.8 7.1 6.8 6.8 5.9 4.9 4.5 4.4 4.2 Slovakia 14.4 13.6 14.0 14.2 13.2 11.5 9.7 8.1 6.5 5.9 5.7 Slovenia 7.2 8.2 8.8 10.1 9.7 9.0 8.0 6.6 5.4 4.6 4.2

Other Europe 4.4 4.1 4.0 4.3 4.4 4.6 4.8 4.5 4.5 4.4 4.4 Iceland 7.5 7.0 6.0 5.4 4.9 4.0 3.0 2.7 3.1 3.2 3.1 Norway 3.5 3.2 3.1 3.4 3.5 4.3 4.7 4.2 4.3 4.3 4.3 Switzerland 4.8 4.4 4.5 4.7 4.8 4.8 4.9 4.8 4.7 4.5 4.6 Memorandum items: North America 9.5 8.8 8.0 7.3 6.2 5.5 5.1 4.6 4.1 3.8 3.9 Developed Asia and Pacific 5.2 4.7 4.5 4.3 4.0 3.9 3.6 3.3 3.2 3.1 3.1 Europe 9.4 9.5 10.2 10.6 10.0 9.2 8.4 7.5 6.9 6.6 6.5 Major developed economies 8.1 7.6 7.3 7.1 6.4 5.8 5.4 5.0 4.6 4.4 4.4 Euro area 10.1 10.1 11.3 11.9 11.6 10.8 10.0 9.1 8.4 8.0 7.8

Sources: UN/DESA, based on data of the United Nations Statistics Division and individual national sources; OECD; Eurostat. a Unemployment data are standardized by the OECD and Eurostat for comparability among countries and over time, in conformity with the definitions of the International Labour Organization (see OECD, Standardized Unemployment Rates: Sources and Methods (Paris, 1985)). b Data for country groups are weighted averages, where labour force is used for weights. c Partly estimated. d Baseline scenario forecasts, based in part on Project LINK and the UN/DESA World Economic Forecasting Model.

192 World Economic Situation and Prospects 2019

Table A.8 Economies in transition and developing economies: unemployment rates,a 2010–2018

Percentage of labour force

2010 2011 2012 2013 2014 2015 2016 2017 2018b

South-Eastern Europec

Albania 14.0 14.0 13.4 15.9 17.5 17.1 15.2 13.7 12.8

Bosnia and Herzegovina 27.2 27.6 28.0 27.5 27.5 27.7 25.4 20.5 19.6

Montenegro 19.7 19.7 19.7 19.5 18.0 17.6 17.7 16.0 15.4

Serbia 19.2 23.0 23.9 22.1 19.2 17.7 15.3 13.5 12.9

The former Yugoslav Republic of Macedonia 32.0 31.4 31.0 29.0 28.0 26.1 23.8 22.4 21.0

Commonwealth of Independent States and Georgiac, d

Armenia 19.0 18.4 17.3 16.2 17.6 18.5 18.0 17.8 17.6

Azerbaijan 5.6 5.4 5.2 5.0 4.9 5.0 5.0 5.0 4.9

Belarus 0.7 0.6 0.5 0.5 0.5 1.0 0.8 0.5 0.5

Georgiad 16.3 15.1 15.0 14.6 12.4 12.0 11.8 11.8 11.7

Kazakhstan 5.8 5.4 5.3 5.2 5.0 5.0 5.0 4.9 4.9

Kyrgyzstan 8.6 8.5 8.4 8.3 8.0 7.6 7.2 6.9 6.9

Republic of Moldova 7.4 6.8 5.6 5.2 4.0 5.0 4.2 4.1 4.0

Russian Federation 7.5 6.5 5.5 5.5 5.2 5.6 5.5 5.2 4.9

Tajikistan 2.1 2.3 2.4 2.3 2.4 2.3 2.3 2.3 2.3

Turkmenistanf 4.0 3.7 3.7 3.6 3.6 3.6 3.5 3.4 3.3

Ukrainee 8.2 8.0 7.6 7.3 9.3 9.1 9.4 9.5 9.3

Uzbekistan 5.4 5.0 4.9 4.9 5.1 5.2 5.2 5.2 5.1

Africaf

Algeria 10.0 10.0 11.0 9.8 10.2 11.2 10.2 12.0 12.3

Botswana 17.9 17.6 17.5 17.7 17.3 17.0 17.1 17.4 17.6

Egypt 8.8 11.8 12.6 13.2 13.1 13.1 12.4 11.8 11.7

Mauritius 7.7 7.5 7.5 7.3 7.5 7.4 6.8 6.8 6.7

Morocco 9.1 8.9 9.0 9.2 9.7 9.5 9.3 9.3 9.3

South Africa 24.9 24.8 24.9 24.7 25.1 25.4 26.7 27.5 29.1

Tunisia 13.0 18.3 17.6 15.9 15.1 15.2 15.5 15.4 15.3

Latin America and the Caribbeang

Argentina 7.7 7.2 7.2 7.1 7.3 6.5 8.5 8.4 9.5

Barbados 10.8 11.2 11.6 11.6 12.3 11.3 9.7 10.0 10.1

Bolivia (Plurinational State of) 4.3 3.8 3.2 4.0 3.5 4.4 4.9 4.6 4.5

Brazilf 6.7 6.0 5.5 5.4 4.8 6.8 11.6 12.8 12.5

Chile 8.2 7.1 6.4 5.9 6.4 6.2 6.5 6.7 6.7

Colombia 11.8 10.9 10.4 9.7 9.2 9.0 9.3 9.4 9.7

Costa Rica 7.1 7.7 10.0 9.2 9.6 9.7 9.6 9.0 9.0

Dominican Republic 5.7 6.7 7.2 7.9 7.2 7.9 7.9 6.1 6.0

Ecuador 6.1 5.0 4.2 4.0 4.3 4.7 5.9 5.0 5.5

El Salvador 6.8 6.6 6.2 5.6 6.7 6.5 6.9 6.8 6.9

Guatemala 4.8 3.1 4.0 3.8 4.0 3.2 3.4 3.2 3.2

Honduras 6.4 6.8 5.6 6.0 7.5 8.8 9.0 8.2 8.2

Jamaica 12.4 12.6 9.3 10.3 9.5 9.8 9.0 7.7 7.6

Mexicoh 5.3 5.2 4.9 4.9 4.8 4.3 3.9 3.4 3.3

Nicaragua 10.5 8.1 8.7 7.7 8.5 7.7 6.3 5.2 6.1

193Annex tables

Table A.8 Economies in transition and developing economies: unemployment rates,a 2010–2018 (continued)

Percentage of labour force

2010 2011 2012 2013 2014 2015 2016 2017 2018b

Latin America and the Caribbean (continued)

Panama 5.8 3.6 3.6 3.7 4.1 4.5 5.2 5.5 5.4

Paraguay 7.4 6.9 7.9 7.7 7.8 6.5 7.7 8.3 8.1

Peru 5.3 5.1 4.7 4.8 4.5 4.4 5.2 5.0 5.0

Trinidad and Tobago 5.9 5.1 5.0 3.7 3.3 3.5 4.0 4.9 5.1

Uruguay 7.5 6.6 6.7 6.7 6.9 7.8 8.2 8.3 8.3

Venezuela (Bolivarian Republic of) 8.7 8.3 8.1 7.8 7.2 7.0 7.3 … …

Developing Asiaf

China 4.1 4.1 4.1 4.1 4.1 3.8 3.9 3.9 3.9

Hong Kong SARi 4.3 3.4 3.3 3.4 3.3 3.3 3.4 3.1 2.8

India 2.4 2.6 2.7 2.7 2.6 2.6 2.5 2.6 2.5

Indonesia 7.3 6.7 6.2 6.0 5.8 6.0 5.7 5.6 5.5

Iran, Islamic Republic of 13.5 12.5 12.6 10.4 10.6 11.1 12.4 12.1 12.1

Israel 6.6 5.6 6.9 6.2 5.9 5.2 4.8 4.2 4.2

Jordan 12.5 12.9 12.2 12.6 11.9 13.1 15.3 15.4 15.4

Korea, Republic of h 3.7 3.4 3.2 3.1 3.5 3.6 3.7 3.7 3.7

Malaysia 3.3 3.1 3.0 3.1 2.9 3.1 3.4 3.4 3.4

Pakistan 0.7 0.8 1.8 3.0 1.8 3.6 4.2 4.4 4.5

Philippines 3.6 3.6 3.5 3.5 3.6 3.0 2.7 2.6 2.5

Saudi Arabia 5.6 5.8 5.5 5.6 5.7 5.6 5.7 5.9 5.9

Singapore 4.1 3.9 3.7 3.9 3.7 3.8 4.1 4.3 4.2

Sri Lanka 4.9 4.1 3.9 4.4 4.4 4.7 4.4 4.2 4.2

Taiwan Province of China 5.2 4.4 4.2 4.2 4.0 3.8 3.9 3.8 3.6

Thailand 0.6 0.7 0.6 0.5 0.6 0.6 0.7 0.6 0.4

Turkeyh 10.7 8.8 8.2 8.7 9.9 10.2 10.8 10.8 10.8

Viet Nam 1.1 1.0 1.0 1.3 1.3 1.9 1.9 1.9 1.8

Sources: UN/DESA, based on data of the United Nations Statistics Division and individual national sources; Economic Commission for Europe, Economic Comission for Latin America and Caribbean; ILO KILM 9th edition; OECD. a As a percentage of labour force. Reflects national definitions and coverage. Not comparable across economies. b Partly estimated. c Sourced from UNECE Statistical Database. d Georgia officially left the Commonwealth of Independent States on 18 August 2009. However, its performance is discussed in the context of this group of countries for reasons of geographic proximity and similarities in economic structure. e Starting in 2010, data for the Ukraine excludes the temporarily occupied territory of the Autonomous Republic of Crimea and Sevastopol. f Sourced from ILO KILM 9th edition. g Sourced from CEPALSTAT Database, ECLAC. h Sourced from OECD Short-Term Labour Market Statistics. i Special Administrative Region of China.

194 World Economic Situation and Prospects 2019

Table A.9 Selected economies: real effective exchange rates, broad measurement,a, b 2009–2018

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018c

Developed economies

Australia 87.5 100.0 106.9 108.5 102.9 98.2 89.6 90.3 93.3 89.5

Bulgaria 103.6 100.0 101.7 100.2 100.8 99.8 96.7 96.8 98.1 101.5

Canada 91.6 100.0 101.6 100.9 97.2 91.4 83.2 81.5 82.8 82.8

Croatia 103.1 100.0 97.3 95.2 96.3 95.5 92.2 92.6 93.5 95.4

Czech Republic 99.7 100.0 101.7 97.7 95.9 90.6 88.0 90.3 94.1 98.8

Denmark 104.4 100.0 99.2 96.5 97.3 98.2 94.7 96.0 96.4 97.9

Euro area 108.9 100.0 99.3 94.4 97.7 98.2 89.8 91.5 92.5 96.8

Hungary 99.3 100.0 99.6 96.8 95.9 92.0 88.0 88.7 90.4 90.2

Japan 99.4 100.0 101.3 100.0 79.7 75.1 70.3 79.7 75.7 75.1

New Zealand 92.1 100.0 103.9 106.5 109.5 113.0 104.7 105.4 107.1 102.8

Norway 96.2 100.0 100.3 99.6 97.9 93.4 85.2 85.6 86.5 86.9

Poland 95.0 100.0 98.2 95.2 96.1 96.6 92.1 88.4 91.4 93.2

Romania 98.9 100.0 102.5 96.3 100.9 101.7 98.0 96.3 95.0 97.7

Sweden 94.4 100.0 105.8 105.1 106.3 100.9 93.9 94.5 93.5 89.9

Switzerland 96.2 100.0 109.5 105.1 103.4 104.5 111.2 108.9 106.5 103.9

United Kingdom 99.5 100.0 100.5 104.5 103.1 110.3 115.5 103.5 98.1 100.3

United States 104.5 100.0 95.0 97.2 97.5 99.7 110.5 114.5 113.7 114.8

Economies in transition

Russian Federation 91.5 100.0 103.7 104.9 106.7 96.2 77.8 76.5 88.7 82.3

Ukrained 97.3 100.0 100.3 102.9 99.7 78.3 73.7 72.6 76.0 70.6

Developing economies

Algeria 100.0 100.0 99.2 103.9 101.5 102.8 97.8 96.1 98.0 92.7

Argentina 103.1 100.0 95.2 98.2 90.1 73.9 86.4 70.9 74.3 65.5

Brazil 87.5 100.0 104.6 94.4 90.0 88.9 74.0 78.3 84.6 80.7

Chile 94.3 100.0 100.8 102.8 101.6 92.0 90.2 91.5 94.5 99.7

China 100.7 100.0 102.5 108.7 115.6 118.3 129.8 124.4 120.6 124.5

Colombia 87.6 100.0 98.5 103.9 100.1 95.3 77.8 74.9 76.5 95.1

Hong Kong SARe 104.1 100.0 95.9 99.4 103.1 107.4 118.1 121.5 120.9 118.4

India 89.6 100.0 100.1 93.8 89.4 90.8 97.8 98.8 103.1 99.0

Indonesia 88.5 100.0 100.0 96.3 93.0 87.1 88.9 92.6 94.0 88.2

Iran, Islamic Republic of 97.0 100.0 109.3 122.4 121.6 91.4 103.3 105.9 106.6 67.1

Israel 95.5 100.0 100.8 95.9 102.2 103.3 103.0 104.5 109.3 107.3

Korea, Republic of 92.4 100.0 99.9 99.5 103.9 109.9 111.0 109.2 112.6 114.1

Malaysia 95.0 100.0 99.8 99.6 99.7 99.3 91.6 87.8 86.3 90.1

Mexico 92.8 100.0 99.4 96.4 101.9 101.0 90.9 79.1 80.9 82.7

Morocco 104.1 100.0 97.8 95.9 97.7 97.8 98.1 100.0 99.6 98.5

Nigeria 91.9 100.0 100.4 111.7 119.1 127.6 126.7 116.3 105.5 97.7

Pakistan 95.0 100.0 102.9 104.5 102.4 110.0 120.2 122.9 124.9 121.6

195Annex tables

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018c

Developing economies (continued)

Peru 96.9 100.0 98.2 105.7 104.8 102.8 101.9 99.9 101.3 113.6

Philippines 96.5 100.0 100.4 105.6 109.0 108.5 115.1 110.9 105.8 102.2

Saudi Arabia 99.0 100.0 97.4 100.3 102.9 105.0 114.9 117.8 114.7 113.3

Singapore 96.7 100.0 105.4 110.4 112.5 112.3 110.6 109.7 108.3 107.7

South Africa 86.8 100.0 98.1 92.2 82.0 77.1 75.5 70.1 79.6 81.5

Taiwan Province of China 99.5 100.0 100.2 100.3 101.0 100.2 102.3 102.0 107.4 106.5

Thailand 94.8 100.0 99.1 99.5 104.9 101.9 104.0 100.2 103.5 106.7

Turkey 90.8 100.0 88.4 91.6 90.4 85.4 84.0 82.4 73.4 62.9

United Arab Emirates 104.7 100.0 93.5 95.2 95.4 96.9 108.4 111.1 110.6 110.6

Uruguay 89.3 100.0 102.0 105.2 112.2 110.3 114.4 119.3 127.7 101.3

Venezuela, Bolivarian Republic of 161.2 100.0 117.5 141.9 137.0 208.3 480.9 852.4 1983.0 318.8

Source: Bank for International Settlements, IMF International Financial Statistics.. a Year 2010=100. b CPI-based indices. The real effective exchange rate gauges the effect on international price competitiveness of the country’s manufactures owing to currency changes and inflation differentials. A rise in the index implies a fall in competitiveness and vice versa. c Average for the first ten months. d Starting in 2010, data for the Ukraine excludes the temporarily occupied territory of the Autonomous Republic of Crimea and Sevastopol. e Special Administrative Region of China.

Table A.9 Selected economies: real effective exchange rates, broad measurement,a, b 2009–2018 (continued)

196 World Economic Situation and Prospects 2019

Table A.10 Indices of prices of primary commodities, 2009–2018

Index: Year 2015=100a

Non-fuel commodities

Combined index

Manufactured export prices

Real prices of non-fuel

commoditiesaa Crude

petroleumbbFood Tropical

beverages

Vegetable oilseeds and oils

Agricultural raw

materials Minerals and

metals

2009 101 92 107 104 101 113 101 112 123.4

2010 111 110 114 144 136 141 102 138 156.5

2011 134 144 133 178 164 181 113 161 217.1

2012 127 112 145 143 153 176 110 160 221.2

2013 119 90 139 130 138 170 112 152 213.9

2014 118 111 134 115 121 157 111 141 194.6

2015 100 100 100 100 100 100 100 100 100.0

2016 104 97 103 99 105 90 99 91 82.4

2017 102 94 100 105 118 106 104 102 105.9

2018 98 87 104 104 121 124 109 114 143.8

2015 I 110 103 107 104 107 106 101 105 101.6

II 102 101 102 104 105 111 101 110 121.0

III 94 98 97 98 96 97 101 96 97.6

IV 94 97 94 94 92 86 99 87 80.2

2016 I 95 91 96 92 96 77 98 78 60.9

II 104 94 111 99 102 90 100 90 85.6

III 109 101 111 101 110 94 100 94 86.7

IV 108 101 111 105 112 100 99 101 96.0

2017 I 108 99 112 114 118 107 100 107 105.0

II 104 93 103 103 113 102 102 99 97.9

III 100 93 102 102 119 103 106 97 101.0

IV 97 90 108 102 120 113 108 105 119.9

2018 I 102 90 108 106 125 121 109 111 130.8

II 100 90 107 104 122 126 109 116 145.5

III 92 80 97 102 114 126 … … 149.8

Source: UNCTAD, Monthly Commodity Price Bulletin; United Nations, Monthly Bulletin of Statistics; and data from the Organization of the Petroleum Exporting Countries (OPEC) website, available from http://www.opec.org. a Indices rebased to 2015=100 in 2019. b Combined index of non-fuel commodity prices in dollars, deflated by manufactured export price index. c The new OPEC reference basket, introduced on 1 January 2017, is a weighted average of 13 crudes.

197Annex tables

Table A.11 World oil supply and demand, 2010–2019

2010 2011 2012 2013 2014 2015 2016 2017 2018a 2019b

World oil supplyc, d (millions of barrels per day) 85.6 86.9 89.0 89.3 91.7 94.3 94.7 95.5 97.5 98.5

Developed economies 15.9 16.1 17.0 18.1 20.1 21.4 21.0 22.0 24.0 25.4

Economies in transition 13.7 13.7 13.7 13.9 14.0 14.1 14.3 14.4 14.7 15.0

Developing economies 53.8 55.0 56.2 55.1 55.3 56.6 57.1 56.8 56.5 55.7

OPEC 34.7 35.8 37.5 37.7 37.7 39.1 39.6 39.5 39.5 39.2

Non-OPEC 19.1 19.2 18.7 17.4 17.6 17.6 17.5 17.2 16.9 16.5

Processing gainse 2.1 2.1 2.1 2.2 2.2 2.2 2.3 2.3 2.3 2.4

Global biofuelsf 1.8 1.9 1.9 2.0 2.2 2.3 2.4 2.4 2.6 2.8

World total demandg 88.5 89.5 90.7 92.0 93.2 95.0 96.1 97.9 99.2 100.5

Oil prices (dollars per barrel)

OPEC basketh 77.4 107.5 109.5 105.9 96.3 49.5 40.8 52.4 71.2 …

Brent oil 79.6 110.9 112.0 108.9 98.9 52.3 43.7 54.2 73.1 71.9

Source: UN/DESA, International Energy Agency; U.S. Energy Information Administration; and OPEC. a Partly estimated. b Baseline scenario forecasts. c Including global biofuels, crude oil, condensates, natural gas liquids (NGLs), oil from non-conventional sources and other sources of supply. d Totals may not add up because of rounding. e Net volume gains and losses in the refining process (excluding net gain/loss in the economies in transition and China) and marine transportation losses. f Global biofuels comprise all world biofuel production including fuel ethanol from Brazil and the United States. g Including deliveries from refineries/primary stocks and marine bunkers, and refinery fuel and non-conventional oils. h The new OPEC reference basket, introduced on 1 January 2017, is a weighted average of 13 crudes.

198 World Economic Situation and Prospects 2019

Table A.12 World trade:a changes in value and volume of exports and imports, by major country group, 2010–2020

Annual percentage change

2010 2011 2012 2013 2014 2015 2016 2017 2018b 2019c 2020c

Dollar value of exports

World 19.3 18.7 1.6 2.7 1.9 -10.9 -1.6 10.2 7.8 5.3 7.1

Developed economies 14.1 15.4 -1.5 3.3 3.1 -9.6 0.2 8.2 7.5 4.4 6.7

North America 17.4 14.3 3.6 3.0 3.8 -6.2 -2.3 6.2 7.2 5.1 6.2

Europe 10.8 16.4 -3.0 5.0 3.1 -10.4 0.6 8.6 7.6 4.2 6.8

Developed Asia and Pacific 31.0 11.6 -2.3 -6.6 1.8 -11.8 3.3 10.4 7.0 3.8 6.9

Economies in transition 27.6 30.3 3.2 -0.4 -5.7 -28.6 -11.6 21.7 17.8 7.7 7.4

South-Eastern Europe 14.1 21.3 -6.2 15.5 4.0 -10.4 9.4 15.3 11.3 4.6 6.9

Commonwealth of Independent States and Georgiad 28.2 30.6 3.6 -0.9 -6.1 -29.3 -12.7 22.1 18.2 7.9 7.5

Developing economies 26.6 22.2 5.5 2.3 1.1 -11.1 -3.3 12.2 7.5 6.2 7.6

Latin America and the Caribbean 31.3 17.9 1.9 -0.1 -2.2 -10.4 2.2 19.3 4.9 3.3 4.8

Africa 26.7 15.5 7.9 -10.2 -4.1 -26.6 -7.9 15.1 18.7 7.6 8.2

East Asia 27.2 20.7 5.0 5.1 4.1 -6.1 -3.8 10.2 5.4 6.0 8.1

South Asia 25.9 24.1 0.8 3.7 -4.1 -11.6 1.4 13.9 9.1 9.5 7.1

Western Asia 20.0 35.7 11.2 0.7 -2.5 -23.6 -6.5 12.5 14.6 8.0 7.9

Dollar value of imports

World 18.7 18.9 1.3 2.7 2.2 -7.8 -1.6 9.0 3.2 6.4 7.7

Developed economies 14.5 16.2 -1.9 1.6 2.9 -9.9 -0.5 8.0 6.5 6.6 7.8

North America 19.7 13.6 3.0 0.1 3.4 -4.3 -2.0 7.0 8.2 6.2 7.5

Europe 11.1 16.2 -5.1 3.6 2.9 -11.2 0.8 8.3 5.4 6.9 8.2

Developed Asia and Pacific 24.0 22.9 5.3 -5.4 1.5 -16.8 -4.5 9.4 8.9 5.9 6.1

Economies in transition 22.3 26.9 8.5 3.3 -9.1 -28.2 -4.8 19.3 7.6 6.4 7.6

South-Eastern Europe 2.3 20.0 -6.6 4.8 4.1 -14.1 5.4 14.1 8.4 9.8 10.8

Commonwealth of Independent States and Georgia d 24.2 27.4 9.6 3.2 -9.9 -29.2 -5.8 19.8 7.5 6.1 7.2

Developing economies 25.6 22.4 5.4 4.2 2.4 -3.3 -2.8 9.7 -1.2 6.1 7.4

Latin America and the Caribbean 27.6 20.0 5.7 4.9 2.9 35.4 -1.9 3.1 -33.9 5.5 6.8

Africa 11.1 15.4 3.4 5.3 1.5 -15.5 -7.2 8.3 9.8 5.9 7.5

East Asia 31.5 24.3 4.9 4.9 2.9 -10.2 -2.3 12.6 6.9 6.1 7.8

South Asia 21.7 24.8 6.3 -3.3 -3.7 -9.8 -0.4 16.4 11.2 10.6 10.5

Western Asia 13.7 19.9 7.6 5.2 4.0 -7.6 -5.4 5.5 3.2 3.6 3.7

Volume of exports

World 11.8 6.9 3.3 3.4 4.0 3.0 2.6 5.1 3.9 3.8 3.9

Developed economies 11.4 5.6 2.3 2.8 4.5 4.7 2.5 4.5 3.5 3.8 3.6

North America 10.8 6.4 3.3 3.3 4.6 1.2 0.1 2.6 4.1 2.8 3.2

Europe 10.4 6.3 2.1 2.8 3.9 6.0 3.2 4.9 3.2 4.1 3.6

Developed Asia and Pacific 18.8 -0.1 1.3 2.0 8.4 3.9 3.0 5.7 4.3 3.6 4.4

Economies in transition 6.4 2.6 1.2 2.7 -0.5 1.7 2.5 5.3 3.9 3.6 3.7

South-Eastern Europe 15.9 7.1 0.7 12.9 6.2 8.0 11.0 9.6 4.6 4.3 4.2

Commonwealth of Independent States and Georgiad 6.1 2.5 1.2 2.4 -0.7 1.4 2.1 5.1 3.9 3.6 3.7

199Annex tables

Annual percentage change

2010 2011 2012 2013 2014 2015 2016 2017 2018b 2019c 2020c

Developing economies 12.9 9.0 4.8 4.0 3.8 0.9 2.8 5.8 4.3 3.8 4.2

Latin America and the Caribbean 9.8 6.5 2.8 1.3 1.3 4.6 1.7 3.3 3.2 3.2 3.3

Africa 10.1 -1.5 7.2 -5.3 0.1 1.4 5.4 6.0 4.1 4.3 4.4

East Asia 16.6 9.7 4.6 6.7 5.8 0.9 1.9 7.2 4.8 3.8 4.5

South Asia 10.6 10.6 0.1 3.6 3.2 -2.4 9.2 6.2 2.5 3.5 3.9

Western Asia 5.8 14.0 8.1 2.2 1.0 -0.6 3.0 2.8 4.3 3.8 4.2

Volume of imports

World 12.9 7.5 2.8 3.2 3.6 2.5 2.4 5.4 3.8 3.7 3.9

Developed economies 10.8 5.1 1.0 2.0 4.5 5.6 2.9 4.2 3.8 3.9 3.7

North America 12.9 5.5 2.5 1.2 4.1 4.6 1.4 4.4 4.7 3.4 4.0

Europe 9.6 4.5 -0.4 2.3 4.4 6.9 4.2 4.0 3.3 4.4 3.8

Developed Asia and Pacific 12.2 7.1 5.3 2.1 6.0 1.1 -1.0 4.6 4.4 2.3 2.4

Economies in transition 16.5 15.9 9.0 2.5 -6.4 -17.0 0.0 12.1 6.9 4.1 3.4

South-Eastern Europe 3.5 6.1 1.0 2.4 6.9 5.2 9.8 8.8 6.7 6.7 6.0

Commonwealth of Independent States and Georgia d

17.6 16.6 9.6 2.5 -7.2 -18.6 -0.9 12.4 6.9 3.8 3.1

Developing economies 16.1 10.4 4.9 4.9 3.2 -0.1 1.9 6.9 3.6 3.3 4.1

Latin America and the Caribbean 20.2 10.5 4.6 2.8 0.0 -2.0 -2.7 5.4 3.3 2.3 3.4

Africa 7.2 2.7 5.9 5.5 0.9 0.8 2.2 5.5 3.2 2.9 3.5

East Asia 19.9 11.4 4.8 7.0 5.0 1.3 3.4 7.6 3.6 3.3 4.5

South Asia 8.3 11.9 2.9 -5.9 -1.8 -5.6 2.4 11.3 8.5 8.6 7.9

Western Asia 8.0 10.2 7.0 6.0 3.5 -1.5 -0.6 2.7 0.5 1.2 0.5

Source: UN/DESA. a Includes goods and non-factor services. b Partly estimated. c Baseline forecast, based in part on Project LINK. d Georgia officially left the Commonwealth of Independent States on 18 August 2009. However, its performance is discussed in the context of this group of countries for reasons of geographic proximity and similarities in economic structure.

Table A.12 World tradea: Changes in value and volume of exports and imports, by major country group, 2010–2020 (continued)

200 World Economic Situation and Prospects 2019

Table A.13 Balance of payments on current accounts, by country or country group, summary table, 2009–2017

Billions of dollars

2009 2010 2011 2012 2013 2014 2015 2016 2017

Developed economies -265.3 -194.5 -223.6 -168.7 0.2 -4.7 25.9 70.8 179.4 Japan 145.3 221.0 129.8 59.7 45.9 36.8 136.4 194.9 196.1

United States -372.5 -431.3 -445.7 -426.8 -348.8 -365.2 -407.8 -432.9 -449.1

Europea 51.6 123.0 193.1 338.4 419.7 418.0 416.0 403.7 522.7

EU-15 13.5 40.8 126.0 236.4 287.8 308.4 308.9 315.8 424.7

EU-13 -42.0 -50.2 -49.0 -29.9 -0.8 -4.0 1.9 9.2 8.6

Economies in transitionb 35.7 63.0 98.9 59.1 12.3 51.6 48.8 -3.1 18.4 South-Eastern Europe -7.5 -5.9 -8.4 -8.3 -5.6 -6.1 -4.3 -3.9 -5.1

Commonwealth of Independent Statesc 44.3 70.1 109.2 69.3 18.9 59.4 54.7 2.6 24.8

Developing economiesd 415.5 435.6 525.7 529.1 390.6 391.3 186.8 200.0 274.5 Net fuel exporters 57.5 194.7 462.3 428.6 360.8 210.6 -178.0 -123.4 4.4

Net fuel importers 358.0 240.9 63.4 100.6 29.8 180.7 364.8 323.4 270.1

Latin America and the Caribbean -32.2 -95.5 -111.3 -136.8 -163.1 -184.6 -173.4 -94.8 -81.7 Net fuel exporters 1.5 -0.2 -10.6 3.6 2.4 10.8 36.8 17.1 6.5

Net fuel importers -33.7 -95.3 -100.8 -140.4 -165.5 -195.4 -210.2 -111.9 -88.2

Africa -41.4 -10.7 -8.9 -45.1 -60.5 -90.8 -144.0 -114.3 -86.4 Net fuel exporters -6.5 24.9 38.5 30.4 16.4 -20.6 -81.2 -63.2 -36.8

Net fuel importers -34.9 -35.6 -47.4 -75.5 -76.9 -70.2 -62.8 -51.1 -49.6

Western Asia 37.0 99.5 273.7 338.9 278.7 197.8 -76.5 -89.1 -7.9 Net fuel exporters 50.7 147.5 352.8 401.3 350.5 243.9 -44.7 -51.2 47.2

Net fuel importers -13.7 -48.0 -79.0 -62.4 -71.9 -46.1 -31.7 -37.9 -55.2

East and South Asia 412.1 393.5 291.9 279.0 300.2 440.9 558.7 479.7 381.3 Net fuel exporters 16.6 26.4 68.6 13.9 8.9 0.6 -14.2 6.7 -0.4

Net fuel importers 395.5 367.1 223.3 265.1 291.3 440.3 572.9 473.0 381.7

World residuale 185.9 304.0 401.1 419.5 403.1 438.2 261.5 267.7 472.4

Source: International Monetary Fund (IMF), World Economic Outlook database, October 2018. Note: IMF-WEO has adopted the sixth edition of the Balance of Payments Manual (BPM6). a Europe consists of the EU-15, the EU-13 and Iceland, Norway and Switzerland (Table A). b Includes Georgia. c Excludes Georgia, which left the Commonwealth of Independent States on 18 August 2009. d Libya has been excluded in the calculation due to unavailability of data. e Statistical discrepancy.

201Annex tables

Table A.14 Balance of payments on current accounts, by country or country group, 2009–2017

Billions of dollars

2009 2010 2011 2012 2013 2014 2015 2016 2017

Developed economies

Trade balance -401.1 -483.8 -665.2 -618.2 -487.8 -533.8 -432.6 -364.5 -426.6

Services, net 285.2 318.4 412.7 425.8 507.0 570.9 517.4 507.8 605.8

Primary income 192.3 321.3 391.2 376.0 356.0 343.8 288.7 284.5 357.5

Secondary income -341.7 -350.3 -362.2 -351.6 -375.1 -385.4 -347.5 -356.9 -357.1

Current-account balance -265.3 -194.5 -223.6 -168.7 0.2 -4.7 25.9 70.8 179.4

Japan

Trade balance 57.8 108.5 -4.5 -53.9 -90.0 -99.9 -7.4 51.4 44.5

Services, net -34.9 -30.3 -35.0 -47.8 -35.7 -28.8 -16.0 -10.6 -6.5

Primary income 134.6 155.1 183.1 175.6 181.6 184.6 176.2 173.9 177.0

Secondary income -12.3 -12.4 -13.8 -14.2 -10.0 -19.0 -16.3 -19.8 -18.9

Current-account balance 145.3 221.0 129.8 59.7 45.9 36.8 136.4 194.9 196.1

United States

Trade balance -509.7 -648.7 -741.0 -741.1 -700.5 -749.9 -761.9 -751.1 -807.5

Services, net 125.9 153.4 191.3 203.7 239.4 260.3 263.3 249.0 255.2

Primary income 115.2 168.2 211.1 207.5 206.0 218.4 203.6 193.0 221.7

Secondary income -103.9 -104.3 -107.0 -96.9 -93.6 -94.0 -112.8 -123.9 -118.6

Current-account balance -372.5 -431.3 -445.7 -426.8 -348.8 -365.2 -407.8 -432.9 -449.1

Europe a

Trade balance 60.9 52.6 55.0 198.4 302.4 308.2 375.8 362.9 345.9

Services, net 209.4 221.1 288.6 307.3 342.7 372.0 296.2 288.2 375.8

Primary income 3.3 77.7 84.7 67.0 39.9 4.3 -41.8 -37.8 16.8

Secondary income -222.0 -228.4 -235.1 -233.7 -265.5 -266.3 -214.2 -209.5 -215.8

Current-account balance 51.6 123.0 193.1 338.4 419.7 418.0 416.0 403.7 522.7

EU-15

Trade balance 49.5 16.3 9.9 123.9 202.1 221.0 310.5 311.4 301.6

Services, net 147.1 159.5 220.5 240.4 271.1 295.9 223.2 209.2 284.9

Primary income 30.5 86.0 122.0 95.2 64.3 33.4 -28.0 -12.0 39.7

Secondary income -213.5 -221.0 -226.4 -222.5 -249.8 -241.8 -196.9 -192.9 -201.5

Current-account balance 13.5 40.8 126.0 236.4 287.8 308.4 308.9 315.8 424.7

EU-13

Trade balance -45.7 -47.7 -51.4 -34.8 -14.4 -17.9 -12.5 -8.9 -22.0

Services, net 36.0 36.2 45.1 45.8 53.0 58.5 55.9 66.1 78.2

Primary income -36.9 -45.7 -49.9 -45.3 -44.5 -47.3 -44.7 -48.4 -51.4

Secondary income 4.5 7.0 7.3 4.5 5.2 2.6 3.2 0.5 3.8

Current-account balance -42.0 -50.2 -49.0 -29.9 -0.8 -4.0 1.9 9.2 8.6

Economies in transition b

Trade balance 105.8 154.4 221.7 205.9 179.5 203.3 132.4 62.6 96.1

Services, net -24.5 -31.1 -36.7 -52.7 -61.5 -62.9 -40.7 -24.5 -29.4

Primary income -58.9 -72.4 -98.5 -103.9 -112.8 -96.4 -53.8 -52.9 -60.4

Secondary income 13.3 12.0 12.4 9.8 7.1 7.6 10.8 11.7 12.1

Current-account balance 35.7 63.0 98.9 59.1 12.3 51.6 48.8 -3.1 18.4

202 World Economic Situation and Prospects 2019

Billions of dollars

2009 2010 2011 2012 2013 2014 2015 2016 2017

Economies in transitionb (continued)

South-Eastern Europe

Trade balance -19.8 -17.6 -20.8 -19.3 -17.2 -18.0 -14.7 -14.2 -16.1

Services, net 2.3 2.5 3.1 2.7 3.2 3.6 3.7 4.3 5.0

Primary income -0.3 -0.9 -1.1 -1.5 -1.6 -1.7 -1.8 -2.4 -3.2

Secondary income 10.3 10.1 10.4 9.7 10.0 10.0 8.6 8.4 9.3

Current-account balance -7.5 -5.9 -8.4 -8.3 -5.6 -6.1 -4.3 -3.9 -5.1

Commonwealth of Independent Statesc

Trade balance 128.0 174.6 246.0 229.4 200.2 225.6 151.1 80.6 116.1

Services, net -27.1 -34.0 -40.5 -56.5 -66.1 -67.8 -45.9 -30.4 -36.4

Primary income -58.6 -71.3 -97.0 -102.3 -110.9 -94.5 -51.6 -49.8 -56.4

Secondary income 2.0 0.9 0.7 -1.3 -4.4 -3.9 1.2 2.3 1.5

Current-account balance 44.3 70.1 109.2 69.3 18.9 59.4 54.7 2.6 24.8

Developing economiesd

Trade balance 702.1 850.5 1093.9 1103.2 1082.5 1054.8 832.9 798.9 924.2

Services, net -213.7 -251.1 -304.7 -342.9 -388.3 -492.4 -428.1 -399.6 -445.2

Primary income -197.9 -288.4 -370.8 -315.0 -371.0 -263.5 -269.4 -260.5 -281.7

Secondary income 125.1 124.5 107.3 83.8 67.2 92.4 51.4 61.2 77.1

Current-account balance 415.5 435.6 525.7 529.1 390.6 391.3 186.8 200.0 274.5

Net fuel exporters

Trade balance 319.6 517.4 853.9 831.9 780.7 631.0 178.0 181.6 323.6

Services, net -188.5 -207.1 -239.2 -251.4 -263.1 -281.6 -227.0 -188.2 -196.7

Primary income -66.6 -95.2 -122.1 -114.3 -111.2 -97.6 -69.7 -56.0 -73.0

Secondary income -7.0 -20.4 -30.3 -37.6 -45.7 -41.1 -59.3 -60.8 -49.6

Current-account balance 57.5 194.7 462.3 428.6 360.8 210.6 -178.0 -123.4 4.4

Net fuel importers

Trade balance 382.4 333.1 239.9 271.3 301.8 423.8 654.9 617.3 600.6

Services, net -25.2 -44.0 -65.5 -91.4 -125.2 -210.8 -201.1 -211.4 -248.5

Primary income -131.3 -193.1 -248.7 -200.7 -259.8 -165.9 -199.7 -204.5 -208.6

Secondary income 132.1 144.9 137.6 121.4 112.9 133.5 110.7 122.0 126.7

Current-account balance 358.0 240.9 63.4 100.6 29.8 180.7 364.8 323.4 270.1

Latin America and the Caribbean

Trade balance 50.3 46.0 69.1 41.4 6.8 -13.4 -49.4 8.1 37.0

Services, net -35.8 -52.7 -71.2 -75.2 -83.1 -80.5 -58.8 -45.9 -49.2

Primary income -104.9 -151.5 -173.7 -166.6 -151.1 -158.6 -134.9 -133.2 -149.9

Secondary income 58.3 62.6 64.4 63.6 64.3 68.0 69.7 76.2 80.4

Current-account balance -32.2 -95.5 -111.3 -136.8 -163.1 -184.6 -173.4 -94.8 -81.7

Africa

Trade balance -12.5 31.6 60.4 7.2 -4.9 -52.2 -131.6 -111.8 -72.7

Services, net -42.8 -46.9 -60.6 -55.8 -55.9 -67.4 -45.3 -36.6 -44.0

Primary income -49.5 -66.3 -85.0 -78.5 -84.2 -71.0 -53.8 -45.4 -59.0

Table A.14 Balance of payments on current accounts, by country or country group, 2009–2017 (continued)

203Annex tables

Billions of dollars

2009 2010 2011 2012 2013 2014 2015 2016 2017

Africa (continued)

Secondary income 63.4 70.9 76.3 82.1 84.5 99.7 86.7 79.5 89.3

Current-account balance -41.4 -10.7 -8.9 -45.1 -60.5 -90.8 -144.0 -114.3 -86.4

Western Asia Trade balance 164.4 263.9 459.0 537.9 490.8 421.5 127.6 95.2 167.5

Services, net -75.3 -90.4 -99.5 -110.0 -116.7 -130.5 -105.4 -89.8 -84.3

Primary income -11.7 -16.0 -15.5 -8.7 -5.8 1.9 7.2 9.6 8.8

Secondary income -40.4 -58.0 -70.2 -80.2 -89.7 -95.1 -106.0 -104.1 -100.0

Current-account balance 37.0 99.5 273.7 338.9 278.7 197.8 -76.5 -89.1 -7.9

East Asia Trade balance 481.5 478.6 437.3 486.5 556.7 680.8 880.9 786.5 775.5

Services, net -50.0 -50.5 -64.7 -93.5 -124.4 -207.2 -213.7 -221.4 -259.9

Primary income -31.9 -54.9 -97.2 -62.2 -131.0 -37.5 -88.3 -92.3 -81.3

Secondary income 43.8 48.7 36.4 17.8 7.6 19.3 0.6 9.1 6.8

Current-account balance 443.3 421.9 311.9 348.6 309.0 455.3 579.5 481.9 441.0

South Asia Trade balance -127.1 -130.5 -161.5 -212.8 -159.7 -173.3 -172.9 -142.6 -209.8

Services, net 23.2 32.1 53.8 53.3 62.2 67.8 63.3 60.4 66.5

Primary income -14.4 -23.2 -20.9 -27.0 -30.2 -30.7 -32.7 -35.1 -38.7

Secondary income 87.2 93.1 108.6 116.9 118.8 121.8 121.4 115.0 122.4

Current-account balance -31.2 -28.4 -20.0 -69.6 -8.8 -14.4 -20.8 -2.2 -59.7

World residual e

Trade balance 406.8 521.1 650.3 690.9 774.3 724.3 532.8 497.0 593.8

Services, net 47.0 36.2 71.4 30.3 57.3 15.6 48.6 83.7 131.1

Primary income -64.5 -39.5 -78.1 -43.0 -127.8 -16.1 -34.5 -28.9 15.5

Secondary income -203.3 -213.7 -242.4 -258.0 -300.8 -285.5 -285.2 -283.9 -267.9

Current-account balance 185.9 304.0 401.1 419.5 403.1 438.2 261.5 267.7 472.4

Source: International Monetary Fund (IMF), World Economic Outlook database, October 2018. Note: IMF-WEO has adopted the sixth edition of the Balance of Payments Manual (BPM6). a Europe consists of the EU-15, the EU-13 and Iceland, Norway and Switzerland (Table A). b Includes Georgia. c Excludes Georgia, which left the Commonwealth of Independent States on 18 August 2009. d Libya has been excluded in the calculation due to unavailability of data. e Statistical discrepancy.

Table A.14 Balance of payments on current accounts, by country or country group, 2009–2017 (continued)

204 World Economic Situation and Prospects 2019

Table A.15 Net ODA from major sources, by type, 1996–2017

Donor group or country

Growth rate of ODA (2015 prices and exchange rates)

ODA as a percentage

of GNI

Total ODA (millions

of dollars)

Percentage distribution of ODA by type, 2017

Bilateral Multilateral

1996– 2006

2006– 2014 2015 2016 2017 2017 2017 Total

Total (United Nations

& Other) United Nations Other

Total DAC countries 5.1 1.5 6.1 10.6 -0.5 0.31 146646 71.5 28.5 4.9 23.6 Total EU 4.8 1.2 12.5 14.4 -1.1 0.49 82718 64.8 35.2 5.2 30.0

Austria 9.9 -4.8 25.3 22.6 -26.1 0.30 1251 48.0 52.0 2.0 50.0

Belgium 6.6 0.4 -7.9 19.3 -8.2 0.45 2204 57.9 42.1 7.5 34.6

Denmark 0.5 1.1 1.5 -7.5 -2.3 0.72 2401 69.7 30.3 10.7 19.6

Finland 6.2 5.7 -7.6 -18.2 -3.3 0.41 1054 49.3 50.7 11.6 39.1

Francea 2.2 -1.8 0.7 6.4 14.9 0.43 11363 57.5 42.5 6.9 35.5

Germany 2.9 3.7 27.0 36.5 -3.6 0.66 24681 78.8 21.2 2.0 19.2

Greece 7.4 -8.0 16.6 56.4 -16.6 0.16 314 27.0 73.0 4.3 68.7

Ireland 14.2 -2.8 -1.9 12.0 -2.4 0.30 808 57.3 42.7 9.9 32.8

Italy 1.7 -1.0 18.4 26.5 10.2 0.29 5734 50.4 49.6 4.3 45.3

Luxembourg 11.2 1.4 1.2 9.5 4.3 1.00 424 71.7 28.3 10.2 18.1

Netherlands 3.1 -1.5 21.9 -13.5 -2.9 0.60 4955 71.3 28.7 10.0 18.7

Portugal 3.0 -0.8 -16.1 10.2 6.9 0.18 378 29.6 70.4 3.3 67.1

Spain 8.5 -9.8 -11.5 202.5 -44.3 0.19 2415 33.7 66.3 3.4 63.0

Sweden 6.6 3.0 36.9 -31.0 9.9 1.01 5512 68.3 31.7 12.2 19.5

United Kingdom 10.6 5.0 3.3 8.0 2.1 0.70 17940 62.4 37.6 4.3 33.2

Australia 4.3 4.2 -3.7 -6.4 -15.8 0.23 2957 80.0 20.0 4.6 15.4

Canada 3.2 -0.5 17.6 -5.3 4.7 0.26 4305 72.6 27.4 5.3 22.1

Japan 3.3 -2.5 8.7 1.5 13.9 0.23 11475 70.4 29.6 4.1 25.5

New Zealand 6.4 2.9 3.7 -0.4 -6.7 0.23 436 81.9 18.1 10.3 7.8

Norway 3.3 3.4 10.8 7.9 -10.0 0.99 4123 75.8 24.2 10.2 14.0

Switzerland 4.4 5.1 6.0 4.5 -13.9 0.46 3097 73.9 26.1 7.7 18.4

United States 7.3 2.6 -7.4 9.7 0.6 0.18 35261 85.9 14.1 3.4 10.7

Source: UN/DESA, based on OECD/DAC online database, available from http://www.oecd-ilibrary.org/statistics. a Excluding flows from France to the Overseas Departments, namely Guadeloupe, French Guiana, Martinique and Réunion.

205Annex tables

Table A.16 Total net ODA flows from OECD/DAC, by type, 2008–2017

Net disbursements at current prices and exchange rates (billions of dollars)

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Official Development Assistance 122.9 120.7 128.5 135.1 127.0 134.8 137.5 131.6 144.9 146.6 Bilateral official development assistance 87.1 84.0 90.6 94.8 88.5 93.5 94.8 94.2 103.1 104.9

in the form of:

Technical cooperation 17.3 17.6 18.6 18.0 18.2 16.9 17.3 14.9 15.7 …

Humanitarian aid 8.8 8.6 9.3 9.7 8.5 10.5 13.1 13.4 14.4 …

Debt forgiveness 11.1 2.0 4.2 6.3 3.3 6.1 1.4 0.3 2.1 …

Bilateral loans -1.1 2.5 3.8 1.9 2.6 1.4 5.3 6.0 5.8 …

Contributions to multilateral institutionsa 35.8 36.7 37.8 40.3 38.6 41.4 42.7 37.3 41.8 41.7 of which are:

UN agencies 5.9 6.2 6.5 6.5 6.6 6.9 6.8 6.1 5.9 7.2

EU institutions 13.6 14.3 13.7 13.8 12.0 12.8 13.3 11.9 13.8 14.0

World Bank 8.6 7.6 8.8 10.2 8.6 9.4 9.8 8.6 8.8 8.0

Regional development banks 3.2 3.1 3.2 4.1 3.9 3.9 4.0 3.2 4.6 4.2

Others 3.8 4.8 4.9 4.4 6.4 7.2 7.5 6.7 7.8 …

Memorandum item

Bilateral ODA to least developed countries 23.5 24.3 28.2 30.7 27.4 30.0 26.4 25.0 24.6 …

Source: UN/DESA, based on OECD/DAC online database, available from http://www.oecd.org/dac/stats/idsonline. a Grants and capital subscriptions. Does not include concessional lending to multilateral agencies.

206 World Economic Situation and Prospects 2019

Table A.17 Commitments and net flows of financial resources, by selected multilateral institutions, 2008–2017

Billions of dollars

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Resource commitmentsa 135.2 193.7 245.4 163.8 189.8 130.8 185.0 119.9 245.4 256.7 Financial institutions, excluding International Monetary Fund (IMF) 76.1 114.5 119.6 106.8 96.5 98.8 99.2 99.9 106.9 108.0

Regional development banksb 36.7 55.1 46.2 46.9 43.0 45.8 41.1 46.9 49.8 54.0

World Bank Groupc 39.4 59.4 73.4 59.9 53.5 53.0 58.1 53.0 57.0 54.0

International Bank for Reconstruction and Development (IBRD) 13.5 32.9 44.2 26.7 20.6 15.2 18.6 23.5 29.7 22.6

International Development Association (IDA) 11.2 14.0 14.6 16.3 14.8 16.3 22.2 19.0 16.2 19.5

International Financial Corporation (IFC)d 14.6 12.4 14.6 16.9 9.2 11.0 10.0 10.5 11.1 11.9

International Fund for Agricultural Development (IFAD) 0.6 0.7 0.8 1.0 1.0 0.8 0.7 1.3 0.8 1.3

International Monetary Fund (IMF) 48.7 68.2 114.1 45.7 82.5 19.6 72.7 6.2 123.9 132.9 United Nations operational agenciese 10.5 11.0 11.6 11.3 10.8 12.4 13.1 13.7 14.7 15.8 Net flows 43.4 54.6 64.6 78.7 35.1 8.8 -5.1 17.7 32.2 36.3 Financial institutions, excluding IMF 24.5 22.6 27.2 38.0 26.3 22.2 25.0 35.5 33.8 36.6

Regional development banksb 21.4 15.7 9.9 10.5 8.6 5.7 11.2 15.4 14.2 13.1

World Bank Groupc 3.1 6.9 17.2 27.6 17.7 16.5 13.8 20.1 19.6 23.6

International Bank for Reconstruction and Development (IBRD) -6.2 -2.1 8.3 17.2 8.0 7.8 6.4 9.0 10.0 13.2

International Development Association (IDA) 6.8 7.0 7.0 9.1 7.8 7.0 7.4 9.9 8.8 8.8

International Financial Corporation (IFC) 2.4 2.1 1.9 1.2 1.9 1.6 0.1 1.3 0.8 1.6

International Fund for Agricultural Development (IFAD) 0.2 0.2 0.2 0.3 0.3 0.2 0.2 0.2 0.2 0.3

International Monetary Fund (IMF) 18.9 32.0 37.4 40.7 8.9 -13.4 -30.1 -17.9 -1.5 -0.4

Source: Annual reports of the relevant multilateral institutions, various issues. a Loans, grants, technical assistance and equity participation, as appropriate; all data are on a calendar-year basis. b African Development Bank (AfDB), Asian Development Bank (ADB), Caribbean Development Bank (CDB), European Bank for Reconstruction and Development (EBRD), Inter-American Development Bank (IaDB) and the International Fund for Agricultural Development (IFAD). c Data is for fiscal year. d Effective 2012, data does not include short-term finance. e United Nations Development Programme (UNDP), United Nations Population Fund (UNFPA), United Nations Children’s Fund (UNICEF), and the World Food Programme (WFP).