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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.