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ECONOMIC ANALYSIS

TABLE 2.2.1

Growth of real GDP in the ECE market economies, 1995-1998
(Percentage change over previous year)

 

1995

1996

1997 a

1998 b

Western Europe

2.7

2.0

2.7

2.7

European Union

2.5

1.7

2.6

2.7

4 major countries

2.3

1.4

2.4

2.5

France

2.1

1.5

2.4

2.8

Germany

1.8

1.4

2.2

2.5

Italy

2.9

0.7

1.5

2.5

United Kingdom

2.7

2.3

3.5

2.0

17 smaller countries

3.3

3.0

3.5

3.2

Austria

2.1

1.6

2.0

2.5

Belgium

2.1

1.5

2.1

2.5

Cyprus

5.5

1.9

2.4

4.0

Denmark

2.6

2.7

3.0

2.7

Finland

5.1

3.6

5.9

3.5

Greece

1.8

2.6

3.4

3.0

Iceland

1.2

5.2

4.9

3.9

Ireland

10.4

7.7

8.5

6.5

Israel

6.4

4.5

2.1

2.5

Luxembourg

3.7

3.0

3.6

3.7

Malta

7.3

4.2

2.8

..

Netherlands

2.3

3.3

3.2

3.2

Norway

4.1

5.3

3.5

4.0

Portugal

1.9

3.0

3.4

3.5

Spain

2.7

2.3

3.4

3.5

Sweden

3.9

1.3

1.9

2.5

Switzerland

0.8

-0.2

0.7

1.5

Turkey

7.2

7.0

6.3

4.0

North America

2.0

2.6

3.8

2.6

Canada

2.2

1.2

3.8

3.2

United States

2.0

2.8

3.8

2.5

Total above

2.3

2.3

3.3

2.6

Memorandum item:

 

 

 

 

Japan

1.5

3.9

0.9

0.1

Total above, including Japan

2.2

2.6

2.9

2.2

Source: National statistics and national economic reports; OECD Economic Outlook (Paris), December 1997.
Note: All aggregates exclude Israel.
a Preliminary estimates.
b Forecasts.