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International trade and external balances of the ECE transition economies, 1995-1997

(Rates of change and shares, per cent)

 

Merchandise exports in dollars
(growth rates)

Merchandise imports in dollars
(growth rates)

Trade balances
(per cent of GDP)

Current account
(per cent of GDP)

 

1995

1996

1997

1995

1996

1997

1995

1996

1997

1995

1996

1997

Eastern Europe

27.7

2.3

5.8

32.3

13.8

5.0

-6.3

-9.5

-9.8

-0.3

-3.8

-3.9

Albania

45.5

4.4

-38.4

18.4

40.0

-47.5

..

..

..

..

..

..

Bosnia and Herzegovina

..

144.7

32.8

..

129.9

-1.2

..

..

..

..

..

..

Bulgaria

34.3

-8.8

-1.9

35.1

-10.4

-13.6

-2.3

-1.9

4.0

-0.2

0.2

4.3

Croatia

8.7

-2.6

-3.8

43.6

3.7

17.1

-15.3

-16.6

-25.7

-6.8

-4.5

-7.0

Czech Republic

33.6

1.2

2.8

45.0

9.7

-2.7

-7.2

-10.3

-8.4

-2.7

-7.6

-6.0

Hungary

20.2

2.2

21.4

6.3

4.8

16.3

-5.8

-5.4

-4.5

-5.6

-3.7

-2.2

Poland

32.8

6.8

6.4

34.7

27.9

13.2

-5.2

-9.4

-11.8

4.6

-1.0

-3.2

Romania

28.6

2.2

5.6

44.6

11.3

-2.0

-6.6

-9.4

-7.7

-5.0

-7.2

-6.1

Slovakia

27.9

3.0

-0.5

32.3

26.9

-7.8

-1.1

-12.1

-7.6

3.7

-11.1

-7.7

Slovenia

21.8

-0.1

0.8

30.0

-0.7

-0.7

-6.3

-5.9

-5.5

-0.1

0.2

0.6

The former Yugoslav
Republic of Macedonia

10.8

-4.7

3.0

15.8

-5.4

8.0

-12.8

-12.2

-17.8

-5.5

-7.3

-6.3

Yugoslavia

..

20.3

28.6

..

53.9

17.0

-12.2

-14.1

-13.4

..

..

..

Baltic states

35.2

17.6

22.2

41.7

26.0

26.1

-15.4

-18.6

-22.5

-5.8

-8.3

-8.5

Estonia

40.6

13.1

39.5

53.0

26.2

37.3

-19.5

-25.9

-32.8

-5.1

-9.7

-9.2

Latvia

31.9

10.7

15.8

46.6

27.6

17.3

-11.5

-17.4

-19.1

-0.4

-5.6

-7.9

Lithuania

33.3

24.0

14.3

31.0

24.9

22.7

-15.8

-15.3

-19.4

-10.3

-9.2

-8.7

CIS

27.7

10.3

1.4

24.4

6.0

17.9

7.7

7.3

5.3

2.2

2.5

0.5

Armenia

74.1

60.6

-15.0

80.9

70.0

2.6

-18.6

-26.1

-29.0

..

..

..

Azerbaijan

-7.0

-3.1

20.2

50.7

41.1

-29.1

-3.6

-8.8

-0.8

..

..

..

Belarus

72.2

6.3

1.4

93.5

25.6

17.1

-1.1

-3.5

-6.5

-5.5

-3.7

-6.4

Georgia

48.7

21.2

60.7

253.2

80.3

42.2

-5.2

-8.2

-9.7

..

..

..

Kazakhstan

72.7

17.7

27.5

-15.3

10.5

51.9

7.0

7.0

6.9

..

..

..

Kyrgyzstan

19.7

-20.0

141.1

56.5

107.6

-25.9

-1.9

-13.4

0.6

..

..

..

Republic of Moldova

74.4

-8.4

-17.8

48.5

52.7

31.3

0.5

-9.6

-17.9

-8.1

-12.9

-18.0

Russian Federation

23.9

8.7

-1.6

17.0

-4.9

22.3

9.1

9.0

6.4

3.0

3.3

1.4

Tajikistan

24.4

-11.6

7.0

5.7

-13.9

5.0

35.3

14.6

18.4

..

..

..

Turkmenistan

92.5

-42.1

-51.0

-20.8

49.3

-43.7

9.0

-20.3

-17.0

..

..

..

Ukraine

32.6

13.0

22.1

88.7

18.8

4.7

1.8

1.0

3.4

-3.1

-2.7

-2.3

Uzbekistan

77.2

94.0

..

35.6

96.0

..

0.8

0.9

..

..

..

..

Total above

27.9

6.2

4.5

30.4

12.0

9.2

1.4

0.3

-0.9

0.9

-0.2

-1.4

Memorandum items:

CETE-5

28.8

3.1

6.5

30.5

15.4

5.8

-5.5

-8.9

-9.2

0.9

-3.4

-3.7

SETE-7

23.5

-0.7

3.2

39.1

8.6

2.6

-8.9

-11.2

-11.8

-4.6

-5.4

-4.4

Source: National statistics, CIS Statistical Committee and direct communications from national statistical offices to UN/ECE secretariat; UN/ECE secretariat computations.
Note: Foreign trade growth is measured in current dollar values. trade and current account balances are related to GDP at current prices, converted from national currencies at current dollar exchange rates. trade values include the "new trade" among the successor states of former Czechoslovakia and the former SFR of Yugoslavia, but not intra-CIS trade. Current account data for 1997 are a combination of full year results, estimates or official forecasts in the case of the east European countries, and January-September 1997 values for the Baltic and CIS states (table 3.6.13). Current account data for the Russian Federation for 1997 refer to relations with the "far abroad" (non-CIS countries) only, whereas those for other CIS countries cover all external relations (non-CIS and CIS). Current-price GDP values are in some cases estimated from reported real growth rates and consumer price indices. On regional aggregates, see the note to table 3.1.1.