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The World Economy at the Beginning of 1998

Table A.8. World trade: rates of growth of volumes, 1988-1998
(Annual percentage change)

  1988 1989 1990 1991 1992 1993 1994 1995 1996 1997a 1998b
World tradec 8.0 7.0 4.7 4.7 5.5 4.3 10.2 8.8 5.3 9.4 7   
                       
Volume of exports                      
Developed market economies 8.1 7.0 4.9 3.3 4.0 2.2 9.3 7.4 4.1 8.6 6½
  of which:                      
  North America 15.8 7.8 6.6 5.0 6.8 4.8 10.0 9.4 5.8 11.7 7½
  Western Europe 6.2 7.4 4.2 2.4 3.4 * 2.2 10.6 7.5 3.9 6.7 6½
  Japan 5.9 4.3 5.3 2.5 1.5 -2.4 1.7 3.3 0.7 11.6 2¾
Economies in transition 4.6 -1.4 -9.7 -18.4 8.2 .. .. .. .. .. ..
  Eastern Europe 4.3 -2.9 -6.2 -9.3 -0.1 .. .. .. .. .. ..
  Former USSR 4.9 0.1 -13.0 -27.7 19.1 .. .. .. .. .. ..
Developing countries 9.2 9.5 7.2 11.1 9.6 8.8 13.5 14.8 6.5 11.1 8½
  of which:                      
  Latin America & Caribbean 7.5 4.6 5.1 4.7 6.3 10.3 9.2 9.9 9.3 12.9 9¼
  Africa 2.7 8.0 6.9 2.3 1.0 1.8 4.6 7.8 9.4 6.6 6½
  Western Asia 5.1 9.6 5.3 3.8 11.5 6.6 8.2 5.8 8.7 6.1 6   
  South & East Asia 12.8 11.6 7.4 16.0 10.7 10.6 14.6 18.2 5.8 10.7 8½
  China 10.0 8.8 14.3 18.4 15.8 6.8 31.0 20.7 2.1 20.7 11   
Fuel exporters 1.6 12.2 12.2 6.9 6.9 4.0 6.0 8.9 13.5 5.6 7½
Non-fuel exporters 9.2 9.6 6.4 13.0 10.9 8.7 14.9 18.3 5.1 12.7 9   
                       
Volume of imports                      
Developed market economies 7.3 7.0 4.5 2.6 4.4 1.5 10.9 7.5 4.7 9.2 6½
  of which:                      
  North America 5.1 4.3 1.3 -0.9 7.9 9.6 12.9 7.8 5.6 14.6 7¼
  Western Europe 6.7 7.9 6.3 4.3 3.4 -2.9 9.2 6.3 4.2 6.6 6   
  Japan 17.9 7.9 5.7 4.0 -0.4 2.9 13.6 12.5 3.4 6.3 7   
Economies in transition -1.3 2.7 0.9 -5.6 -15.0 .. .. .. .. .. ..
  Eastern Europe 3.3 0.2 -8.8 2.4 5.8 .. .. .. .. .. ..
  Former USSR -5.8 5.3 10.6 -12.2 -35.0 .. .. .. .. .. ..
Developing countries 11.9 7.7 4.6 15.8 12.8 15.1 9.5 9.0 8.3 10.9 7¾
  of which:                      
  Latin America & Caribbean 9.6 4.9 9.4 20.8 22.5 10.8 14.4 4.2 8.4 20.3 10   
  Africa 6.0 0.5 3.5 -2.2 6.8 4.4 5.0 5.4 6.2 8.4 6½
  Western Asia -3.7 -5.4 7.2 18.8 13.7 7.4 -12.5 9.1 10.4 3.8 6¾
  South & East Asia 20.3 14.8 6.4 17.1 9.6 17.3 14.9 12.5 7.7 9.7 6   
  China 15.5 7.7 -16.1 21.5 23.2 36.4 9.1 0.0 11.2 14.5 15½
Fuel exporters 1.7 -1.5 6.9 21.0 14.1 4.3 -1.5 -3.2 11.7 16.1 8¼
Non-fuel exporters 13.9 11.1 3.0 15.1 12.8 19.2 12.0 11.5 8.0 10.2 7½

Source: UN/DESA, based in part on data of regional commissions of the United Nations and IMF.

* Indicates discontinuity in the series.

a Preliminary estimates.
b Forecast, based in part on Project LINK.
c Average of the growth rates of the volume of world exports and imports. | Search | Parliament || Governments | Regions | Issues

Copyright © United Nations
Department of Economic and Social Affairs
Comments and suggestions: esa@un.org
29 December 1997

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