Item

2002$

2001$

2000

1999

1998

1997

1996

1

2

3

4

5

6

7

8

I.

World Output (% Change)

3.9

3.2

4.8

3.5

2.8

4.2

4.0

i) Advanced economies

2.7

1.9

4.1

3.4

2.7

3.5

2.9

ii) Developing countries

5.6

5.0

5.8

3.8

3.5

5.8

6.5

a) Developing Asia

6.3

5.9

6.9

6.1

4.0

6.6

8.2

b) Africa

4.4

4.2

3.0

2.3

3.3

2.9

5.7

c) Middle East, Malta and Turkey

4.6

2.9

5.4

0.8

3.6

5.4

4.8

d) Western Hemisphere

4.4

3.7

4.1

0.2

2.3

5.3

3.6

iii) Countries in Transition

4.2

4.0

5.8

2.6

-0.9

1.6

-0.5

II.

Inflation- CPI (% Change)

i) Advanced economies

1.8

2.1

2.3

1.4

1.5

2.1

2.4

ii) Developing countries

4.8

5.7

6.1

6.7

10.4

9.9

15.4

a) Developing Asia

3.3

2.8

1.9

2.5

7.7

4.8

8.3

III.

Fiscal Balance #

i) Advanced economies

-0.9

-0.8

-0.3

-1.4

-1.6

-1.6

-2.7

ii) Developing countries

-3.0

-3.2

-3.2

-4.2

-3.9

-2.4

-2.2

a) Developing Asia

-4.1

-4.1

-4.2

-4.2

-3.5

-2.5

-2.0

IV.

Net Capital Flows*

(US $ billion)

Emerging Market Economies**

i) Net private capital flows

106.2

56.5

32.6

69.8

53.0

120.3

224.2

ii) Net private direct investment

155.8

150.5

143.9

150.3

151.0

144.9

120.2

iii) Net private portfolio investment

26.2

20.2

25.0

21.5

0.7

42.9

85.2

iv) Net official flows

7.4

5.9

4.8

10.6

62.1

56.8

0.9

v) Net other private capital flows

-75.8

-114.2

-136.2

-101.9

-98.7

-67.5

18.7

V.

World Trade @

6.5

6.7

12.4

5.3

4.2

10.1

6.5

Imports

i) Advanced economies

6.5

6.7

11.4

7.9

5.7

9.3

6.2

ii) Developing countries

7.9

8.8

16.9

1.6

-0.6

10.6

8.1

Exports

i) Advanced economies

6.2

6.2

11.4

5.0

3.8

10.6

6.0

ii) Developing countries

7.0

7.1

15.7

4.1

5.3

12.0

9.2

Terms of Trade

i) Advanced economies

0.8

0.2

-2.2

0.1

1.4

-0.6

-0.3

ii) Developing countries

-1.6

-1.4

6.2

3.8

-7.0

-0.3

1.4

VI.

Current Account Balance

(US $ billion)

i) Advanced economies

-264.6

-268.7

-246.1

-133.1

34.8

95.1

42.3

ii) Developing countries

-40.0

..

46.0

-18.5

-92.2

-60.5

-74.5

a) Developing Asia

11.6

22.5

35.9

46.7

47.0

8.8

-38.9

$

Projections. .. Not available.

#

Central Government balance as percentage of GDP.

*

Net capital flows comprise net direct investment, net portfolio investment, and other long and short-term net investment flows including official and private borrowing.

**

Emerging markets include developing countries, countries in transition, Korea, Singapore and Israel.

@

World trade in volume of goods and services in annual percentage change.

Source : World Economic Outlook, May 2001.