TABLE 2.2.2
Major components of demand in the ECE market economies, 1996-1997
(Percentage change over preceding year)
Private consumption |
Government consumption |
Gross fixed investment |
Stock |
Total domestic demand |
Exports |
Imports |
Net exports a |
|||||||||
1996 |
1997 |
1996 |
1997 |
1996 |
1997 |
1996 |
1997 |
1996 |
1997 |
1996 |
1997 |
1996 |
1997 |
1996 |
1997 |
|
| Western Europe | 2.4 |
2.1 |
1.9 |
0.9 |
1.6 |
2.4 |
-0.4 |
0.4 |
1.7 |
2.3 |
5.5 |
9.0 |
4.3 |
8.1 |
0.3 |
0.4 |
| European Union | 2.0 |
2.0 |
1.5 |
0.7 |
1.1 |
2.1 |
-0.3 |
0.4 |
1.4 |
2.2 |
4.8 |
8.7 |
3.7 |
7.8 |
0.3 |
0.4 |
| 4 major countries | 2.0 |
1.7 |
1.8 |
0.6 |
– |
0.8 |
-0.3 |
0.6 |
1.2 |
1.9 |
4.1 |
8.6 |
3.0 |
7.7 |
0.3 |
0.4 |
| France | 2.1 |
0.9 |
1.7 |
1.6 |
-0.5 |
0.2 |
-0.5 |
0.1 |
1.0 |
1.0 |
4.8 |
11.3 |
2.8 |
6.6 |
0.6 |
1.4 |
| Germany | 1.4 |
0.2 |
2.6 |
-0.4 |
-1.2 |
0.2 |
-0.3 |
1.1 |
0.8 |
1.2 |
5.1 |
10.7 |
2.8 |
7.0 |
0.6 |
1.0 |
| Italy | 1.1 |
2.3 |
0.5 |
-0.7 |
0.4 |
0.6 |
-0.3 |
1.0 |
0.5 |
2.5 |
-0.6 |
6.5 |
-1.7 |
11.9 |
0.2 |
-0.9 |
| United Kingdom | 3.6 |
4.2 |
2.0 |
2.3 |
1.8 |
2.7 |
-0.2 |
-0.1 |
2.7 |
3.5 |
6.8 |
4.9 |
8.4 |
5.6 |
-0.5 |
-0.3 |
| 17 smaller countries | 3.2 |
3.0 |
2.0 |
1.4 |
4.9 |
5.6 |
-0.6 |
-0.1 |
2.7 |
3.1 |
8.3 |
9.8 |
7.0 |
8.8 |
0.3 |
0.3 |
| Austria | 2.4 |
0.5 |
0.1 |
0.8 |
2.4 |
2.8 |
-0.6 |
0.1 |
1.4 |
1.2 |
9.3 |
6.5 |
8.7 |
4.8 |
0.2 |
0.8 |
| Belgium | 1.3 |
1.0 |
1.8 |
0.7 |
0.6 |
3.8 |
-0.1 |
0.2 |
1.1 |
1.7 |
3.2 |
4.9 |
2.8 |
4.5 |
0.4 |
0.5 |
| Cyprus | 2.5 |
-1.1 |
11.9 |
7.1 |
2.2 |
-5.2 |
-0.5 |
-0.2 |
3.2 |
-0.7 |
3.5 |
0.2 |
5.6 |
-4.5 |
-1.4 |
2.6 |
| Denmark | 2.6 |
4.0 |
2.4 |
2.0 |
7.5 |
7.2 |
-0.7 |
0.6 |
2.6 |
4.7 |
2.3 |
4.5 |
2.1 |
8.6 |
0.2 |
-1.4 |
| Finland | 3.8 |
3.1 |
3.5 |
-0.3 |
8.4 |
11.3 |
-0.7 |
0.3 |
3.7 |
4.3 |
3.9 |
13.5 |
4.3 |
9.3 |
0.2 |
2.1 |
| Greece | 2.3 |
2.3 |
0.5 |
2.5 |
9.4 |
11.7 |
1.0 |
1.2 |
3.8 |
4.7 |
0.2 |
3.7 |
3.9 |
6.7 |
-1.8 |
-2.0 |
| Iceland | 6.4 |
5.2 |
1.4 |
2.2 |
23.5 |
19.8 |
-0.7 |
– |
7.1 |
7.1 |
10.0 |
4.0 |
16.6 |
10.3 |
-1.6 |
-2.0 |
| Ireland | 6.3 |
6.5 |
2.9 |
2.5 |
15.9 |
13.5 |
0.8 |
-0.1 |
8.4 |
7.1 |
10.0 |
13.0 |
11.4 |
12.3 |
0.6 |
2.5 |
| Israel | 5.2 |
3.3 |
5.5 |
1.8 |
6.8 |
-6.7 |
0.4 |
0.5 |
6.0 |
1.2 |
5.0 |
7.5 |
8.4 |
3.4 |
-2.5 |
0.7 |
| Luxembourg | 1.9 |
2.8 |
3.3 |
3.9 |
-1.7 |
8.0 |
0.6 |
-0.2 |
1.8 |
4.0 |
2.3 |
4.6 |
1.0 |
5.2 |
1.5 |
0.1 |
| Malta | 6.0 |
2.8 |
8.0 |
0.1 |
-4.9 |
-5.5 |
0.8 |
-4.0 |
4.6 |
-3.7 |
-5.0 |
3.7 |
-4.9 |
-6.1 |
-0.2 |
6.4 |
| Netherlands | 3.0 |
3.1 |
1.2 |
2.1 |
6.1 |
6.1 |
– |
-0.3 |
3.4 |
3.3 |
4.5 |
5.8 |
5.3 |
6.3 |
-0.1 |
0.2 |
| Norway | 4.7 |
3.0 |
3.3 |
2.5 |
4.8 |
15.1 |
-0.5 |
0.6 |
3.7 |
6.2 |
10.0 |
4.1 |
6.5 |
11.9 |
1.9 |
-2.2 |
| Portugal | 2.2 |
2.6 |
1.6 |
1.8 |
7.7 |
9.0 |
-0.1 |
– |
3.4 |
4.1 |
7.7 |
8.3 |
7.5 |
8.7 |
-0.8 |
-1.2 |
| Spain | 1.9 |
3.1 |
0.1 |
0.7 |
0.9 |
4.7 |
-0.1 |
-0.4 |
1.4 |
2.7 |
9.9 |
12.9 |
6.2 |
10.1 |
0.9 |
0.7 |
| Sweden | 1.3 |
2.0 |
-0.2 |
-2.4 |
3.7 |
-0.6 |
-1.1 |
0.5 |
0.1 |
0.9 |
6.1 |
10.9 |
3.7 |
10.1 |
1.2 |
1.2 |
| Switzerland | 0.7 |
0.9 |
0.7 |
-0.3 |
-2.7 |
-1.5 |
-0.1 |
-0.1 |
-0.2 |
0.1 |
2.5 |
8.2 |
2.4 |
6.7 |
– |
0.6 |
| Turkey | 9.3 |
6.0 |
8.6 |
4.7 |
13.5 |
6.6 |
-3.1 |
-0.7 |
7.2 |
5.4 |
21.7 |
17.5 |
19.0 |
13.4 |
-0.2 |
0.5 |
| North America | 2.6 |
3.3 |
-0.1 |
1.1 |
7.2 |
6.8 |
-0.1 |
0.6 |
2.8 |
4.2 |
8.1 |
12.1 |
8.8 |
14.2 |
-0.2 |
-0.5 |
| Canada | 2.4 |
3.9 |
-1.3 |
-0.1 |
4.8 |
11.4 |
-0.9 |
0.7 |
1.1 |
5.1 |
5.7 |
8.6 |
5.2 |
13.4 |
0.3 |
-1.4 |
| United States | 2.6 |
3.3 |
– |
1.2 |
7.4 |
6.4 |
– |
0.6 |
3.0 |
4.1 |
8.3 |
12.4 |
9.1 |
14.3 |
-0.2 |
-0.5 |
| Total above | 2.5 |
2.7 |
0.9 |
1.0 |
4.4 |
4.6 |
-0.3 |
0.5 |
2.2 |
3.2 |
6.8 |
10.6 |
6.6 |
11.1 |
– |
-0.1 |
| Memorandum item: | ||||||||||||||||
| Japan | 2.9 |
1.4 |
1.5 |
0.8 |
9.5 |
-4.2 |
0.1 |
-0.1 |
4.8 |
-0.5 |
3.5 |
10.9 |
11.5 |
-0.1 |
-0.8 |
1.4 |
| Total
above, including Japan |
2.5 |
2.5 |
1.0 |
1.0 |
5.2 |
3.2 |
-0.2 |
0.4 |
2.6 |
2.7 |
6.3 |
10.6 |
7.4 |
9.4 |
– |
0.1 |
Source:
National statistics and OECD Economic Outlook (Paris), December 1997.