TABLE 2.2.2

Real GDP in the developed market economies, 1996-1999
(Percentage change over previous year)

 

1996

1997

1998

1999 a

Western Europe

1.9

2.7

2.6

1.8

4 major countries

1.2

2.1

2.2

1.5

France b

1.1

2.0

3.2

2.3

Germany b

0.8

1.8

2.3

1.5

Italy

0.9

1.5

1.4

1.5

United Kingdom b

2.6

3.5

2.1

0.7

17 smaller countries

3.1

3.9

3.4

2.4

Austria

2.0

2.5

3.3

2.2

Belgium b

0.9

3.2

2.9

2.0

Cyprus

2.0

2.5

5.0

4.0

Denmark b

3.3

3.1

2.9

1.6

Finland b

4.1

5.5

4.7

3.0

Greece

2.4

3.2

3.5

3.0

Iceland

5.6

5.4

5.0

5.0

Ireland

7.4

9.8

8.5

6.5

Israel

4.7

2.7

2.0

1.7

Luxembourg

3.0

4.7

5.7

3.3

Malta

3.8

4.4

7.6

7.5

Netherlands

3.1

3.6

3.7

2.2

Norway b

5.5

3.4

2.1

1.0

Portugal

3.2

3.7

3.9

3.0

Spain

2.4

3.5

3.8

3.3

Sweden

1.3

1.8

2.9

2.0

Switzerland

0.3

1.7

2.1

1.3

Turkey

7.0

7.5

2.8

1.4

North America

3.3

3.9

3.8

3.4

Canada b

1.7

4.0

3.1

2.8

United States

3.4

3.9

3.9

3.5

Total above

2.6

3.3

3.2

2.6

Japan

5.0

1.4

-2.8

-1.4

Total above, including Japan

3.0

3.0

2.3

2.0

Memorandum items:        
European Union

1.6

2.5

2.6

1.9

Euro area

1.4

2.3

2.7

2.1

Source: National statistics and national economic reports.

Note: All aggregates exclude Israel. Growth rates of regional aggregates have been calculated as weighted averages of growth rates in individual countries. Weights were derived from 1991 GDP data converted from national currency units into dollars using purchasing power parities.

a Forecasts.

b Data corresponds to new SNA93 or ESA95 definitions.