| ____
|
Select Variable
| GDP, constant prices *
Natl currency |
| | GDP, constant prices
Annual % chg
| | GDP, current prices *
Natl currency |
| | GDP, current prices
U.S. $s |
| | GDP, deflator
Index, 2000=100
| | GDP per capita, constant pri
Natl currency
| | GDP per capita, current pric
Natl currency
| | GDP per capita, current pric
U.S. $s
| | Output gap in percent of pot
% of potential GDP
| | GDP based on PPP valuation o
Current intl $ |
| | GDP based on PPP per capita
Current intl $
| | GDP based on PPP share of wo
%
| | Implied PPP conversion rate
Natl currency/$
| | Investment
% of GDP
| | Gross national savings
% of GDP
| | Inflation, average consumer
Index, 2000=100
| | Inflation, average consumer
Annual % chg
| | Inflation, end of period con
Index, 2000=100
| | Inflation, end of period con *
Annual % chg
| | Six-month London interbank o
%
| | Unemployment rate
% of total labor force
| | Employment
Index, 2000=100
| | Population
Persons |
| | Govt balance
Natl currency |
| | Govt balance *
% of GDP
| | Govt structural balance
Natl currency |
| | Govt structural balance
% of potential GDP
| | Govt net debt
Natl currency |
| | Govt net debt *
% of GDP
| | Govt gross debt
Natl currency |
| | Govt gross debt
% of GDP
| | Current account balance
U.S. $s |
| | Current account balance
% of GDP | |
*_popular_variable.
| ____
|
Select Country
| ____
|
Govt balance
GGB
National currency | Billions Data are on a national income accounts basis. Please refer to Box A1 in the World Economic Outlook for a summary of the policy assumptions underlying the projections.
* Asterisk means observation is an IMF forecast
| | cntry code | variable cd | country |
data for
all years
| 1980
| 1981
| 1982
| 1983
| 1984
| 1985
| 1986
| 1987
| 1988
| 1989
| 1990
| 1991
| 1992
| 1993
| 1994
| 1995
| 1996
| 1997
| 1998
| 1999
| 2000
| 2001
| 2002
| 2003
| 2004
| 2005
| 2006
| 2007
| 2008
| 2009
| | 8 | AUS | 193 | GGB |
Australia National currency | Billions | obs : 30, 1980-2006 | -1.825 | -1.184 | -2.784 | -7.180 | -8.857 | -8.208 | -7.324 | -3.344 | 3.399 | 5.464 | 1.158 | -9.150 | -17.78 | -18.60 | -15.31 | -10.20 | -4.718 | 0.3520 | 2.355 | 8.330 | 11.55 | 5.975 | 7.702 | 13.01 | 17.47 | 22.42 | 15.76 | 9.265* | 12.17* | 14.05* |
| 9 | AUT | 122 | GGB |
Austria National currency | Billions | obs : 30, 1980-2007 | -1.291 | -1.399 | -2.852 | 3.068 | -2.443 | -2.491 | -3.883 | -4.654 | -4.031 | -3.841 | -3.241 | -4.275 | -2.989 | -6.656 | -8.212 | -10.09 | -7.305 | -3.426 | -4.625 | -4.562 | -3.436 | -0.2190 | -1.528 | -4.003 | -3.081 | -4.090 | -3.848 | -2.135 | -2.285* | -2.434* |
| 16 | BEL | 124 | GGB |
Belgium National currency | Billions | obs : 30, 1980-2007 | -8.393 | -14.54 | -12.56 | -15.68 | -12.62 | -12.48 | -12.89 | -10.54 | -10.41 | -11.73 | -11.08 | -12.72 | -14.61 | -13.79 | -9.897 | -9.057 | -7.960 | -4.531 | -1.755 | -1.188 | 0.2380 | 1.458 | 0.0330 | 0.0410 | 0.0390 | -6.846 | 1.143 | -0.3870 | -1.064* | -2.530* |
| 30 | CAN | 156 | GGB |
Canada National currency | Billions | obs : 30, 1980-2007 | -12.79 | -10.20 | -26.69 | -33.61 | -34.96 | -41.71 | -36.61 | -30.31 | -26.57 | -30.24 | -39.63 | -57.26 | -63.93 | -63.35 | -51.68 | -43.18 | -23.42 | 1.640 | 0.7650 | 15.86 | 31.71 | 7.292 | -1.088 | -1.024 | 9.921 | 21.58 | 14.92 | 15.08 | 1.580* | 0.4580* |
| 43 | CYP | 423 | GGB |
Cyprus National currency | Billions | obs : 30, 1980-2006 | -0.1070 | -0.1220 | -0.1170 | -0.1670 | -0.1600 | -0.1250 | -0.1250 | -0.1320 | -0.1710 | -0.1200 | -0.2330 | -0.3170 | -0.2530 | -0.1330 | -0.0890 | -0.0670 | -0.2400 | -0.3970 | -0.3490 | -0.3910 | -0.2290 | -0.2370 | -0.4840 | -0.7630 | -0.5160 | -0.3250 | -0.1730 | 0.2220* | 0.0560* | 0.0930* |
| 45 | DNK | 128 | GGB |
Denmark National currency | Billions | obs : 30, 1980-2006 | -14.45 | -30.20 | -48.21 | -42.97 | -27.27 | -17.58 | 15.99 | 11.12 | 2.140 | -5.863 | -10.76 | -25.42 | -23.19 | -34.45 | -32.01 | -29.08 | -20.61 | -5.680 | -0.1450 | 16.98 | 29.36 | 15.76 | 3.226 | -1.417 | 27.33 | 77.36 | 79.94 | 76.96* | 64.99* | 57.09* |
| 57 | FIN | 172 | GGB |
Finland National currency | Billions | obs : 30, 1980-2007 | 0.7180 | 1.465 | 0.7180 | -0.0780 | 1.022 | 1.041 | 1.562 | 0.0830 | 2.965 | 5.110 | 4.987 | -0.2810 | -4.285 | -6.834 | -5.842 | -5.943 | -3.521 | -1.320 | 1.966 | 2.013 | 9.169 | 7.024 | 5.975 | 3.731 | 3.625 | 4.501 | 6.875 | 9.511 | 9.210* | 9.549* |
| 58 | FRA | 132 | GGB |
France National currency | Billions | obs : 30, 1980-2007 | -0.2020 | -11.17 | -15.90 | -15.85 | -19.19 | -22.54 | -26.03 | -17.36 | -24.00 | -18.03 | -25.16 | -31.28 | -50.28 | -71.57 | -62.91 | -65.21 | -49.48 | -41.98 | -34.46 | -24.14 | -21.02 | -21.93 | -48.09 | -65.39 | -59.58 | -50.64 | -45.31 | -44.63 | -53.42* | -60.27* |
| 62 | DEU | 134 | GGB |
Germany National currency | Billions | obs : 30, 1980-2006 | -21.82 | -28.91 | -26.95 | -21.78 | -17.37 | -10.78 | -12.99 | -19.35 | -23.13 | 1.406 | -25.43 | -44.47 | -41.03 | -51.60 | -41.92 | -60.24 | -62.62 | -51.06 | -42.77 | -29.40 | 27.09 | -59.61 | -78.34 | -87.28 | -83.56 | -75.57 | -37.31 | 0.2320* | -16.80* | -10.75* |
| 64 | GRC | 174 | GGB |
Greece National currency | Billions | obs : 30, 1980-2006 | -0.1610 | -0.6070 | -0.5790 | -0.7820 | -1.142 | -1.881 | -2.014 | -2.118 | -3.105 | -4.609 | -6.216 | -5.488 | -7.038 | -8.539 | -7.043 | -6.118 | -6.536 | -6.417 | -4.525 | -3.873 | -5.031 | -6.542 | -7.465 | -9.611 | -13.55 | -10.09 | -5.352 | -6.182* | -3.959* | -2.613* |
| 72 | HKG | 532 | GGB |
Hong Kong SAR National currency | Billions | obs : 30, 1980-2006 | 5.521 | 5.050 | -0.7900 | -2.540 | 2.413 | 2.850 | 5.896 | 12.50 | 16.07 | 11.06 | 3.968 | 22.51 | 21.97 | 19.20 | 10.80 | -3.317 | 25.91 | 86.87 | -23.24 | 9.952 | -7.833 | -63.33 | -61.69 | -40.13 | 21.36 | 13.96 | 58.59 | 115.68* | -4.852* | 53.39* |
| 74 | ISL | 176 | GGB |
Iceland National currency | Billions | obs : 30, 1980-2006 | 0.2160 | 0.3230 | 0.6650 | -1.387 | 1.999 | -2.001 | -6.526 | -1.786 | -5.212 | -14.03 | -12.11 | -2.922 | -7.806 | -18.44 | -20.64 | -13.40 | -7.728 | -0.1070 | -2.377 | 7.246 | 11.58 | -5.297 | -20.82 | -23.53 | 0.2800 | 50.22 | 73.84 | 66.78* | 40.98* | 15.48* |
| 78 | IRL | 178 | GGB |
Ireland National currency | Billions | obs : 30, 1980-2006 | -1.368 | -1.771 | -2.245 | -2.149 | -2.077 | -2.582 | -3.152 | -2.414 | -1.483 | -0.6390 | -1.016 | -1.095 | -1.180 | -1.174 | -0.8730 | -1.090 | -0.0620 | 0.9820 | 2.005 | 2.167 | 4.903 | 1.038 | -0.6070 | 0.4990 | 2.293 | 1.691 | 4.987 | 0.8610* | -2.501* | -3.074* |
| 79 | ISR | 436 | GGB |
Israel National currency | Billions | obs : 30, 1980-2006 | -0.0150 | -0.0480 | -0.0780 | -0.1030 | -1.103 | 0.2980 | 1.727 | 0.0810 | -1.717 | -4.683 | -5.132 | -4.298 | -8.049 | -8.611 | -7.568 | -12.00 | -19.26 | -17.14 | -16.71 | -19.41 | -10.46 | -20.78 | -23.05 | -36.47 | -27.03 | -18.25 | -11.39 | -5.630* | -7.286* | -6.749* |
| 80 | ITA | 136 | GGB |
Italy National currency | Billions | obs : 30, 1980-2007 | -17.03 | -27.35 | -31.82 | -34.78 | -43.58 | -52.66 | -54.05 | -55.81 | -60.31 | -60.57 | -80.23 | -87.15 | -83.61 | -83.31 | -79.77 | -70.21 | -69.81 | -28.02 | -30.45 | -19.52 | -9.924 | -38.47 | -37.05 | -46.57 | -48.31 | -60.43 | -49.63 | -29.18 | -39.24* | -40.91* |
| 82 | JPN | 158 | GGB |
Japan National currency | Billions | obs : 30, 1980-2006 | -10950.50 | -10383.40 | -10507.00 | -11586.10 | -7407.10 | -4416.70 | -3873.80 | -769.40 | 2250.20 | 6231.20 | 9022.70 | 8482.10 | 3789.70 | -11512.20 | -18336.20 | -23275.00 | -25847.70 | -20775.30 | -28277.70 | -36904.80 | -38446.40 | -31364.70 | -39465.60 | -39276.70 | -30667.20 | -25297.30 | -19165.40 | -17456.21* | -17469.12* | -17330.49* |
| 87 | KOR | 542 | GGB |
Korea National currency | Billions | obs : 30, 1980-2006 | -963.00 | -963.00 | -766.00 | -663.00 | -841.00 | -945.00 | -86.00 | 477.00 | 2009.00 | 285.00 | -1207.00 | -4022.00 | -1703.00 | 813.00 | 253.00 | 1241.00 | 1099.00 | -6959.00 | -18757.00 | -13065.00 | 6527.00 | 3568.00 | 15966.00 | 19442.00 | 17222.00 | 15501.00 | 15647.00 | 24344.94* | 21679.23* | 24324.36* |
| 97 | LUX | 137 | GGB |
Luxembourg National currency | Billions | obs : 29, 1980-2006 | -0.0130 | -0.1190 | -0.0390 | 0.0870 | 0.1580 | 0.2700 | 0.2130 | 0.1640 | 0.1230 | 0.3570 | 0.4360 | 0.0100 | -0.0980 | 0.1790 | 0.3490 | 0.3650 | 0.1890 | 0.6010 | 0.5870 | 0.6760 | 1.313 | 1.379 | 0.5040 | 0.1270 | -0.3260 | -0.0330 | 0.2340 | 0.4150* | | -0.1630* |
| 104 | MLT | 181 | GGB |
Malta National currency | Billions | obs : 30, 1980-2006 | 0.0200 | 0.0260 | -0.0140 | -0.0120 | -0.0170 | -0.0170 | -0.0280 | -0.0930 | -0.0390 | -0.1010 | -0.1210 | -0.1430 | -0.1080 | -0.0750 | -0.1310 | -0.1240 | -0.2460 | -0.2510 | -0.3420 | -0.2800 | -0.2450 | -0.2600 | -0.2330 | -0.4320 | -0.2180 | -0.1460 | -0.1280 | -0.1450* | -0.1550* | -0.0850* |
| 116 | NLD | 138 | GGB |
Netherlands National currency | Billions | obs : 30, 1980-2006 | -6.389 | -8.344 | -10.87 | -10.01 | -10.04 | -7.087 | -9.396 | -10.94 | -9.072 | -11.47 | -12.95 | -6.825 | -11.21 | -7.753 | -9.930 | -13.56 | -5.745 | -3.714 | -2.705 | 2.476 | 8.866 | -0.8950 | -9.304 | -14.31 | -9.332 | -1.018 | 3.420 | 3.365* | 6.336* | 8.737* |
| 117 | NZL | 196 | GGB |
New Zealand National currency | Billions | obs : 30, 1980-2006 | -1.525 | -1.818 | -1.767 | -3.101 | -2.049 | -2.273 | -1.940 | -1.369 | -0.6620 | -0.8520 | -1.223 | -3.220 | -2.989 | -0.0340 | 1.703 | 2.986 | 2.618 | 2.221 | 2.156 | 1.613 | 1.429 | 1.900 | 2.179 | 4.695 | 6.836 | 8.860 | 8.580 | 6.071* | 5.649* | 4.703* |
| 121 | NOR | 142 | GGB |
Norway National currency | Billions | obs : 30, 1980-2006 | 25.43 | 24.50 | 24.45 | 26.07 | 43.21 | 60.42 | 41.15 | 40.84 | 17.03 | 12.42 | 18.71 | 1.028 | -13.60 | -11.83 | 3.300 | 32.25 | 66.69 | 85.81 | 40.27 | 74.33 | 227.72 | 204.67 | 141.13 | 116.23 | 194.13 | 293.54 | 397.77 | 385.65* | 492.45* | 509.59* |
| 130 | PRT | 182 | GGB |
Portugal National currency | Billions | obs : 30, 1980-2006 | -0.5030 | -0.7960 | -0.7040 | -1.163 | -0.9900 | -1.304 | -2.826 | -2.745 | -1.627 | -1.532 | -3.724 | -4.973 | -3.591 | -5.942 | -5.890 | -4.521 | -4.214 | -3.356 | -3.181 | -3.125 | -3.545 | -5.516 | -3.864 | -4.028 | -4.844 | -9.304 | -6.029 | -4.871* | -4.085* | -2.709* |
| 142 | SGP | 576 | GGB |
Singapore National currency | Billions | obs : 30, 1980-2007 | 0.1850 | 0.7730 | 1.033 | 0.8680 | 2.160 | 3.199 | 1.092 | -0.1540 | 2.849 | 5.893 | 7.723 | 7.707 | 9.084 | 13.42 | 14.81 | 14.45 | 12.03 | 13.03 | 4.961 | 6.380 | 12.69 | 7.382 | 6.389 | 9.256 | 11.03 | 15.14 | 16.54 | 22.10 | 18.51* | 19.27* |
| 144 | SVN | 961 | GGB |
Slovenia National currency | Billions | obs : 21, 1989-2007 | | | | | | | | | | 0.0010 | 0.0110 | 0.0090 | 0.0810 | 0.0880 | 0.0010 | 0.0060 | 0.0490 | -0.1890 | -0.1370 | -0.1200 | -0.2670 | -0.2910 | -0.3560 | -0.3360 | -0.3570 | -0.3000 | -0.2500 | -0.0210 | -0.2240* | -0.1250* |
| 147 | ESP | 184 | GGB |
Spain National currency | Billions | obs : 30, 1980-2006 | -1.706 | -2.343 | -6.611 | -6.414 | -8.284 | -11.76 | -11.60 | -6.791 | -7.849 | -7.570 | -11.36 | -14.82 | -14.71 | -25.70 | -24.88 | -30.80 | -22.97 | -15.68 | -16.02 | -6.633 | -5.458 | -4.361 | -3.312 | -1.622 | -2.862 | 8.759 | 17.94 | 23.41* | 5.766* | 4.730* |
| 155 | SWE | 144 | GGB |
Sweden National currency | Billions | obs : 30, 1980-2006 | -31.91 | -28.64 | -44.00 | -38.45 | -25.50 | -33.55 | -3.456 | 35.84 | 39.28 | 42.68 | 48.68 | -1.187 | -138.27 | -176.24 | -152.50 | -132.91 | -61.99 | -31.68 | 24.71 | 25.93 | 85.31 | 38.10 | -34.42 | -27.64 | 15.29 | 52.37 | 67.05 | 98.33* | 68.46* | 47.53* |
| 156 | CHE | 146 | GGB |
Switzerland National currency | Billions | obs : 27, 1983-2007 | | | | -1.601 | -0.8120 | -0.1630 | 2.956 | 3.081 | 2.692 | 2.407 | -0.7220 | -7.697 | -12.28 | -13.90 | -11.17 | -7.989 | -8.507 | -10.34 | -5.904 | -2.248 | 9.161 | 0.1760 | -5.178 | -7.803 | -5.642 | -0.7670 | 9.224 | 11.14 | 3.948* | 3.847* |
| 158 | TWN | 528 | GGB |
Taiwan Province of Chi National currency | Billions | obs : 28, 1980-2006 | -7.883 | -16.07 | -54.21 | -9.735 | -3.662 | -29.85 | -37.66 | 23.98 | 25.95 | -288.58 | -94.27 | -288.36 | -190.19 | -247.88 | -237.47 | -313.36 | -395.00 | -315.07 | -300.22 | -553.95 | -453.44 | -634.55 | -435.02 | -288.61 | -314.11 | -63.98 | -69.70 | 107.00* | | |
| 172 | GBR | 112 | GGB |
United Kingdom National currency | Billions | obs : 30, 1980-2006 | -7.373 | -10.94 | -7.258 | -10.09 | -11.66 | -9.976 | -9.849 | -7.624 | 2.193 | 4.028 | -8.863 | -18.22 | -39.40 | -50.83 | -45.99 | -41.73 | -31.58 | -17.26 | -0.8200 | 8.749 | 13.34 | 6.727 | -20.16 | -37.01 | -40.14 | -41.97 | -33.31 | -41.76* | -44.15* | -48.49* |
| 173 | USA | 111 | GGB |
United States National currency | Billions | obs : 30, 1980-2007 | -83.25 | -69.93 | -157.75 | -198.40 | -186.85 | -211.65 | -234.28 | -203.38 | -181.70 | -176.78 | -246.08 | -294.65 | -365.65 | -328.93 | -251.88 | -232.23 | -170.73 | -66.10 | 37.93 | 79.00 | 159.00 | -39.35 | -396.68 | -529.78 | -508.70 | -446.53 | -344.75 | -345.02 | -634.17* | -606.80* |
NOTES
| 8 | Australia : | Data are on a national income accounts basis. Please refer to Box A1 in the World Economic Outlook for a summary of the policy assumptions underlying the projections. GFS Manual Used: Own Country Data Submission Basis of Recording: Cash Includes: Central Government, State Government, Local Government Source: IMF Staff. Australia budget statements are used for historical fiscal calculations Latest actual data: 2006 Notes: Data refer to fiscal years. Last full year is for fiscal year 2006/2007 (end June). Fiscal assumptions: The fiscal projections through fiscal year 2008/09 are based on the Mid-Year Economic and Fiscal Outlook published in October 2007. For the remainder of the projection period, the IMF staff assumes unchanged policies. Primary domestic currency: Australian dollars Data last updated: 03/2008
| | 9 | Austria : | Data are on a national income accounts basis. Please refer to Box A1 in the World Economic Outlook for a summary of the policy assumptions underlying the projections. GFS Manual Used: ESA95 Basis of Recording: Noncash (accrual) Includes: Central Government, State Government, Local Government, Social Security Funds Source: Ministry of Finance Latest actual data: 2007 Notes: Based on ESA95 methodology (European System of Accounts), according to which swap income is not included. Fiscal assumptions: Projections for 2008 and beyond are IMF staff projections based on current policies. Primary domestic currency: Euros Data last updated: 03/2008
| | 16 | Belgium : | Data are on a national income accounts basis. Please refer to Box A1 in the World Economic Outlook for a summary of the policy assumptions underlying the projections. GFS Manual Used: 2001 Basis of Recording: Noncash (accrual) Includes: Central Government, State Government, Local Government, Social Security Funds Source: Ministry of Finance Latest actual data: 2007 Fiscal assumptions: After the June 2007 federal elections, disagreements on reforms of fiscal federalism arrangements have led to more than six months of political division. At the date of submission, the Budget Report for 2008 was not yet available. Projections for 2008 and 2009 are IMF staff estimates adjusted for macroeconomic assumptions and assuming unchanged policies. Primary domestic currency: Euros Data last updated: 03/2008
| | 30 | Canada : | Data are on a national income accounts basis. Please refer to Box A1 in the World Economic Outlook for a summary of the policy assumptions underlying the projections. GFS Manual Used: 2001 Basis of Recording: Noncash (accrual) Includes: Central Government, State Government, Local Government, Social Security Funds, Nonfinancial Public Corporations Source: National Statistical Office Latest actual data: 2007 Fiscal assumptions: Projections use the baseline forecast in the 2007 Economic Statement. The IMF staff makes some adjustments to this forecast for differences in macroeconomic projections. The IMF staff forecast also incorporates the most recent data releases from Statistics Canada, including provincial and territorial budgetary outturns through the second quarter of 2007. Primary domestic currency: Canadian dollars Data last updated: 03/2008
| | 43 | Cyprus : | Data are on a national income accounts basis. Please refer to Box A1 in the World Economic Outlook for a summary of the policy assumptions underlying the projections. GFS Manual Used: 1986 Basis of Recording: Cash. Cash for Ministry of Finance (source of data). National Statistical Office provides some accrual data. Includes: Central Government, State Government, Local Government, Social Security Funds, Public Loans Funds, Sinking Funds, Defense Funds Source: Ministry of Finance Latest actual data: 2006 Primary domestic currency: Euros Data last updated: 03/2008
| | 45 | Denmark : | Data are on a national income accounts basis. Please refer to Box A1 in the World Economic Outlook for a summary of the policy assumptions underlying the projections. GFS Manual Used: 2001 Basis of Recording: Noncash (accrual) Includes: Central Government, Local Government Source: National Statistical Office Latest actual data: 2006 Fiscal assumptions: Estimates for 2007 and projections for 2008 are aligned with the latest official budget estimates and the underlying projections, adjusted where appropriate for the IMF staff?s macroeconomic assumptions. For 2009, the projections incorporate key features of the prior medium-term fiscal plan as embodied in the authorities? November 2007 Convergence Program submitted to the European Union (EU). The projections imply convergence of the budget toward a close-to-balanced position from an initial surplus position. This is consistent with the authorities? projection of a closure of the output gap over the medium term, as well as being in line with their objectives for long-term fiscal sustainability and debt reduction. Primary domestic currency: Danish kroner Data last updated: 03/2008
| | 57 | Finland : | Data are on a national income accounts basis. Please refer to Box A1 in the World Economic Outlook for a summary of the policy assumptions underlying the projections. GFS Manual Used: 2001 Basis of Recording: Noncash (accrual) Includes: Central Government, Local Government, Social Security Funds Source: Research Institute of the Finnish Economy (ETLA) Latest actual data: 2007 Primary domestic currency: Euros Data last updated: 03/2008
| | 58 | France : | Data are on a national income accounts basis. Please refer to Box A1 in the World Economic Outlook for a summary of the policy assumptions underlying the projections. GFS Manual Used: 2001 Basis of Recording: Noncash (accrual) Includes: Central Government, Local Government, Social Security Funds Source: National Statistical Office Latest actual data: 2007 Notes: Data are adjusted for valuation changes of the foreign exchange stabilization fund. Fiscal assumptions: The 2007 fiscal estimates incorporate the end-year corrective budget law. For 2008, the fiscal projections are based on the budget law and assume higher social security spending growth, largely owing to higher-than-targeted increases in health care outlays. Medium-term projections reflect the authorities? official tax revenue forecast but assume different spending (less deceleration) and nontax revenue profiles, consistent with an unchanged policy assumption. Primary domestic currency: Euros Data last updated: 03/2008
| | 62 | Germany : | Data are on a national income accounts basis. Please refer to Box A1 in the World Economic Outlook for a summary of the policy assumptions underlying the projections. GFS Manual Used: 2001 Basis of Recording: Noncash (accrual) Includes: Central Government, State Government, Local Government, Social Security Funds, Special Federal Funds Source: Ministry of Finance Latest actual data: 2006 Notes: Data until 1990 refers to German federation only (West Germany). Data from 1991 refer to United Germany. Fiscal assumptions: Projections reflect the measures announced in the Stability Program Update 2007. Projections for 2008 include a loss in revenue owing to corporate tax reform and a cut in social security contribution rates (unemployment insurance). Over the medium term, the path of health expenditures accelerates as a result of aging and cost increases because significant health care reform measures have not been taken. Primary domestic currency: Euros Data last updated: 04/2008
| | 64 | Greece : | Data are on a national income accounts basis. Please refer to Box A1 in the World Economic Outlook for a summary of the policy assumptions underlying the projections. GFS Manual Used: 2001 Basis of Recording: Noncash (accrual). Central bank on cash basis. Includes: Central Government, State Government, Local Government, Social Security Funds Source: Ministry of Finance Latest actual data: 2006 Fiscal assumptions: Projections are based on the 2008 budget, the latest Stability Program, and other forecasts provided by the authorities. Primary domestic currency: Euros Data last updated: 03/2008
| | 72 | Hong Kong SAR : | Data are on a national income accounts basis. Please refer to Box A1 in the World Economic Outlook for a summary of the policy assumptions underlying the projections. GFS Manual Used: 1986 Basis of Recording: Cash Includes: Central Government Source: CEIC Latest actual data: 2006 Fiscal assumptions: Fiscal projections for 2007?09 are consistent with the authorities? medium-term strategy as outlined in the fiscal year 2007/08 budget. Primary domestic currency: Hong Kong dollars Data last updated: 03/2008
| | 74 | Iceland : | Data are on a national income accounts basis. Please refer to Box A1 in the World Economic Outlook for a summary of the policy assumptions underlying the projections. GFS Manual Used: 2001 Basis of Recording: Noncash (accrual) Includes: Central Government, Local Government Source: Ministry of Finance Latest actual data: 2006 Primary domestic currency: Icelandic krónur Data last updated: 03/2008
| | 78 | Ireland : | Data are on a national income accounts basis. Please refer to Box A1 in the World Economic Outlook for a summary of the policy assumptions underlying the projections. GFS Manual Used: 2001 Basis of Recording: Noncash (accrual) Includes: Central Government, State Government, Local Government, Social Security Funds Source: Ministry of Finance. For data prior to 2004, the source is the Central Statistical Office of Ireland (CSO) Latest actual data: 2006 Notes: Data include the impact of discharging future pension liabilities of the formerly state-owned telecommunications company at a cost of 1.8 percent of GDP in 1999. Primary domestic currency: Euros Data last updated: 03/2008
| | 79 | Israel : | Data are on a national income accounts basis. Please refer to Box A1 in the World Economic Outlook for a summary of the policy assumptions underlying the projections. GFS Manual Used: 2001. The central bank continues to use cash-basis as described in the 1986 GFS. Basis of Recording: Noncash (accrual) Includes: Central Government, Local Government, Monetary Public Corporations (including the central bank) Source: Ministry of Finance Latest actual data: 2006 Primary domestic currency: Israeli new sheqalim Data last updated: 03/2008
| | 80 | Italy : | Data are on a national income accounts basis. Please refer to Box A1 in the World Economic Outlook for a summary of the policy assumptions underlying the projections. GFS Manual Used: ESA-95 Basis of Recording: Noncash (accrual) Includes: Central Government, Local Government, Social Security Funds Source: Ministry of Finance Latest actual data: 2007 Fiscal assumptions: For 2007, the deficit number reflects the IMF staff?s estimated outcome. For 2008, the deficit projection is based on the IMF staff?s assessment of this year?s budget, adjusted for recent macroeconomic and fiscal developments, specifically lower growth and prior spending commitments that would have to be executed in 2008. For 2009, a constant structural primary balance (net of one-off measures) is assumed. Primary domestic currency: Euros Data last updated: 03/2008
| | 82 | Japan : | Data are on a national income accounts basis. Please refer to Box A1 in the World Economic Outlook for a summary of the policy assumptions underlying the projections. GFS Manual Used: Authorities used GFS 1986 manual in the past, but have not fully moved to 2001 manual. Basis of Recording: Noncash (accrual) Includes: Central Government, Local Government, Social Security Funds, Public Enterprises, Special Accounts Source: Nomura and Japan Cabinet Office. Latest actual data: 2006 Fiscal assumptions: The medium-term fiscal projections assume that expenditure and revenue of the general government (excluding social security) are adjusted in line with the current government target to achieve primary fiscal balance (excluding social security) by fiscal year 2011. Primary domestic currency: Japanese yen Data last updated: 03/2008
| | 87 | Korea : | Data are on a national income accounts basis. Please refer to Box A1 in the World Economic Outlook for a summary of the policy assumptions underlying the projections. GFS Manual Used: 1986 Basis of Recording: Cash Includes: Central Government Source: Ministry of Finance Latest actual data: 2006 Notes: Data cover the consolidated central government including social security funds but excluding privatization. Fiscal assumptions: Projections reflect advance GDP estimates for 2007, as well as the 2008 budget, and the five-year medium-term budget for 2009?13, with some adjustment for the IMF staff?s assumptions and macroeconomic projections. Primary domestic currency: Korean won Data last updated: 03/2008
| | 97 | Luxembourg : | Data are on a national income accounts basis. Please refer to Box A1 in the World Economic Outlook for a summary of the policy assumptions underlying the projections. GFS Manual Used: 1986 Basis of Recording: Noncash (accrual) Includes: Central Government, Local Government, Social Security Funds Source: National Statistical Office Latest actual data: 2006 Primary domestic currency: Euros Data last updated: 03/2008
| | 104 | Malta : | Data are on a national income accounts basis. Please refer to Box A1 in the World Economic Outlook for a summary of the policy assumptions underlying the projections. GFS Manual Used: 2001 Basis of Recording: Noncash (accrual) Includes: Central Government Source: Eurostat Latest actual data: 2006 Primary domestic currency: Euro Data last updated: 03/2008
| | 116 | Netherlands : | Data are on a national income accounts basis. Please refer to Box A1 in the World Economic Outlook for a summary of the policy assumptions underlying the projections. GFS Manual Used: 2001 Basis of Recording: Noncash (accrual) Includes: Central Government, State Government, Local Government, Social Security Funds Source: National Statistical Office Latest actual data: 2006 Fiscal assumptions: The fiscal projections build on the 2007 budget, the latest Stability Program, and other forecasts provided by the authorities. Primary domestic currency: Euros Data last updated: 03/2008
| | 117 | New Zealand : | Data are on a national income accounts basis. Please refer to Box A1 in the World Economic Outlook for a summary of the policy assumptions underlying the projections. GFS Manual Used: Own Country Data Submission Basis of Recording: Noncash (accrual) Includes: Central Government Source: Ministry of Finance. New Zealand Treasury Latest actual data: 2006 Notes: Data refer to calendar year. Data include balance of state-owned enterprises but exclude privatization proceeds. Fiscal assumptions: The fiscal projections through fiscal year 2008/09 are based on the Half-Year Economic and Fiscal Update released in December 2007. For the remainder of the projection period, the IMF staff assumes unchanged policies. The New Zealand fiscal account switched to new Generally Accepted Accounting Principles beginning in fiscal year 2006/07, with no comparable back data. Primary domestic currency: New Zealand dollars Data last updated: 03/2008
| | 121 | Norway : | Data are on a national income accounts basis. Please refer to Box A1 in the World Economic Outlook for a summary of the policy assumptions underlying the projections. GFS Manual Used: 2001 Basis of Recording: Noncash (accrual) Includes: State Government, Local Government Source: National Statistical Office Latest actual data: 2006 Primary domestic currency: Norwegian kroner Data last updated: 03/2008
| | 130 | Portugal : | Data are on a national income accounts basis. Please refer to Box A1 in the World Economic Outlook for a summary of the policy assumptions underlying the projections. GFS Manual Used: European GFS, defined by reference to the European System of Accounts 1995 (ESA95). Basis of Recording: Noncash (accrual) Includes: Central Government, Local Government, Social Security Funds Source: National Statistical Office Latest actual data: 2006 Fiscal assumptions: Fiscal projections through 2009 are based on the IMF staff?s assessment of the 2007 budget and the authorities? projections presented in the 2007 Stability Program. In subsequent years, the fiscal projections assume maintaining the primary balance excluding age-related expenditures. Primary domestic currency: Euro Data last updated: 03/2008
| | 142 | Singapore : | Data are on a national income accounts basis. Please refer to Box A1 in the World Economic Outlook for a summary of the policy assumptions underlying the projections. GFS Manual Used: 1986 Basis of Recording: Cash Includes: Central Government Source: Ministry of Finance Latest actual data: 2007. Advance government estimate Notes: Central government total revenues (including investment income and capital receipts) minus total expenditure and net lending. The balance includes capital revenue from sale of government property. Fiscal assumptions: For fiscal year 2007/08, expenditure projections are based on budget numbers, whereas revenue projections reflect the IMF staff?s estimates of the impact of new policy measures, including an increase in the goods and services tax. Medium-term revenue projections assume that capital gains on fiscal reserves will be included in investment income. Primary domestic currency: Singapore dollars Data last updated: 03/2008
| | 144 | Slovenia : | Data are on a national income accounts basis. Please refer to Box A1 in the World Economic Outlook for a summary of the policy assumptions underlying the projections. GFS Manual Used: 1986 Basis of Recording: Cash Includes: Central Government, Local Government, Social Security Funds Source: Ministry of Finance Latest actual data: 2007 Primary domestic currency: Euros Data last updated: 03/2008
| | 147 | Spain : | Data are on a national income accounts basis. Please refer to Box A1 in the World Economic Outlook for a summary of the policy assumptions underlying the projections. GFS Manual Used: 2001 Basis of Recording: Noncash (accrual) Includes: Central Government, Local Government, Social Security Funds Source: Ministry of Finance Latest actual data: 2006 Fiscal assumptions: Fiscal projections through 2009 are based on the 2008 budget; policies outlined in the authorities? updated Stability Program 2007?10, adjusted for the IMF staff?s macroeconomic assumptions, information from recent statistical releases, and official announcements. Primary domestic currency: Euros Data last updated: 03/2008
| | 155 | Sweden : | Data are on a national income accounts basis. Please refer to Box A1 in the World Economic Outlook for a summary of the policy assumptions underlying the projections. GFS Manual Used: 2001 Basis of Recording: Cash Includes: Central Government, Local Government, Social Security Funds Source: Ministry of Finance Latest actual data: 2006 Fiscal assumptions: The fiscal projections are based on information provided in the 2008 Budget Bill (October 2007), with adjustments reflecting incoming fiscal data and the IMF staff?s views on the macroeconomic environment. Primary domestic currency: Swedish kronor Data last updated: 03/2008
| | 156 | Switzerland : | Data are on a national income accounts basis. Please refer to Box A1 in the World Economic Outlook for a summary of the policy assumptions underlying the projections. GFS Manual Used: 2001 Basis of Recording: Cash Includes: Central Government, State Government, Local Government, Social Security Funds Source: Ministry of Finance Latest actual data: 2007 Fiscal assumptions: Projections for 2008?09 are based on IMF staff calculations, which incorporate measures to restore balance in the federal accounts and strengthen social security finances. Primary domestic currency: Swiss francs Data last updated: 03/2008
| | 158 | Taiwan Province of China : | Data are on a national income accounts basis. Please refer to Box A1 in the World Economic Outlook for a summary of the policy assumptions underlying the projections. GFS Manual Used: 1986 Basis of Recording: Cash Includes: Central Government, Local Government Source: CEIC Latest actual data: 2006 Primary domestic currency: New Taiwan dollars Data last updated: 03/2008
| | 172 | United Kingdom : | Data are on a national income accounts basis. Please refer to Box A1 in the World Economic Outlook for a summary of the policy assumptions underlying the projections. GFS Manual Used: 2001 Basis of Recording: Noncash (accrual) Includes: Central Government, Local Government Source: National Statistical Office Latest actual data: 2006 Fiscal assumptions: The projection for 2007?08 assumes that the pattern seen through December will continue in the last quarter of the fiscal year. The medium-term revenue projections are based on economic assumptions, with some modest buoyancy built in, although not as much as assumed by the authorities. The expenditure projections assume that after some slippage in 2007?08, the planned consolidation, set out in the Pre-Budget Report, will continue in terms of the percent of GDP through 2008?09. Primary domestic currency: Sterling pounds Data last updated: 03/2008
| | 173 | United States : | Data are on a national income accounts basis. Please refer to Box A1 in the World Economic Outlook for a summary of the policy assumptions underlying the projections. GFS Manual Used: 2001 Basis of Recording: Noncash (accrual) Includes: Central Government, State Government, Local Government, Social Security Funds Source: Haver analytics Latest actual data: 2007 Fiscal assumptions: The fiscal projections are based on the administration?s fiscal year 2009 budget. Adjustments are made to account for differences in macroeconomic projections as well as IMF staff assumptions about (1) additional defense spending based on analysis by the Congressional Budget Office, (2) slower compression in the growth rate of discretionary spending, (3) continued alternative minimum tax relief beyond fiscal year 2009, and (4) an economic stimulus package similar to recent proposals by the president and members of Congress. Projections also assume that proposed Medicare savings are achieved only partially and that personal retirement accounts are not introduced. Primary domestic currency: U.S. dollars Data last updated: 03/2008
|
|
