Statistical appendix.
Data are included up to the end of the latest quarter, if they are available at the time of going to press.
Table 1. Gross domestic product
[pounds sterling] billion, 2002 prices, seasonally adjusted
Final consumption Gross capital Domestic
expenditure formation demand
Households General Gross Change in
& NPISH (a) gov't fixed in- inven-
vestment (b) tories
2001 670.1 202.0 167.6 6.6 1046.4
2002 693.4 211.0 172.6 3.1 1080.0
2003 711.1 220.4 172.6 4.6 1108.7
2004 737.0 226.2 181.0 5.1 1149.4
2001 Q1 165.5 50.0 42.0 1.0 258.6
2001 Q2 166.6 49.8 42.2 1.6 260.3
2001 Q3 168.4 50.7 42.2 1.7 263.1
2001 Q4 169.6 51.4 41.1 2.3 264.4
2002 Q1 171.6 52.7 41.7 1.3 267.1
2002 Q2 172.8 52.2 42.9 0.5 268.5
2002 Q3 173.9 52.9 43.6 0.6 270.9
2002 Q4 175.0 53.2 44.4 0.9 273.5
2003 Q1 175.6 53.9 43.2 0.1 272.9
2003 Q2 177.7 54.6 42.8 -0.3 274.8
2003 Q3 178.5 55.5 42.5 2.3 278.7
2003 Q4 179.3 56.4 44.0 2.5 282.2
2004 Q1 181.6 56.5 44.4 1.3 283.7
2004 Q2 184.2 56.4 45.3 1.1 287.0
2004 Q3 185.0 56.6 45.5 1.2 288.3
2004 Q4 186.2 56.7 45.9 1.6 290.3
2005 Q1 186.4 57.0 45.8 1.6 290.9
2005 Q2 187.1 57.3 46.3 0.0 290.7
Total Gross Total GDP Adjust-
exports final imports at ment to
expendi- market basic
ture prices prices
2001 274.3 1320.8 293.2 1027.9 112.6
2002 274.9 1355.0 306.5 1048.5 117.7
2003 278.2 1386.8 312.0 1074.9 120.9
2004 289.0 1438.4 330.4 1108.9 125.8
2001 Q1 70.1 328.8 73.4 255.5 27.7
2001 Q2 69.4 329.7 73.4 256.4 27.9
2001 Q3 67.3 330.4 73.2 257.3 28.3
2001 Q4 67.4 331.8 73.2 258.7 28.7
2002 Q1 67.6 334.8 74.8 260.0 29.0
2002 Q2 70.4 338.9 77.5 261.4 29.4
2002 Q3 69.9 340.8 77.7 263.1 29.6
2002 Q4 67.0 340.5 76.5 264.0 29.7
2003 Q1 71.4 344.3 78.6 265.7 29.8
2003 Q2 68.7 343.6 76.4 267.1 30.2
2003 Q3 68.5 347.2 77.4 269.8 30.4
2003 Q4 69.5 351.8 79.5 272.2 30.6
2004 Q1 71.1 354.8 80.0 275.1 31.0
2004 Q2 71.9 358.9 82.2 277.0 31.4
2004 Q3 72.6 360.9 83.4 277.8 31.6
2004 Q4 73.4 363.7 84.9 279.1 31.9
2005 Q1 72.9 363.8 84.3 279.8 31.9
2005 Q2 76.1 366.8 85.9 281.2 32.2
Gross Indices of gross domestic
value product (2002 = 100)
added
at basic From From From
prices output expend- income
diture
2001 915.4 98.3 98.3 98.3
2002 930.8 100.0 100.0 100.0
2003 954.0 102.5 102.5 102.5
2004 983.1 105.6 105.5 105.7
2001 Q1 227.8 97.9 97.9 97.9
2001 Q2 228.5 98.2 98.2 98.2
2001 Q3 229.0 98.4 98.4 98.4
2001 Q4 230.0 98.8 98.8 98.8
2002 Q1 231.0 99.3 99.3 99.3
2002 Q2 232.0 99.7 99.7 99.7
2002 Q3 233.5 100.3 100.3 100.3
2002 Q4 234.4 100.7 100.7 100.7
2003 Q1 235.9 101.4 101.4 101.4
2003 Q2 237.0 101.8 101.8 101.8
2003 Q3 239.4 102.9 102.9 102.9
2003 Q4 241.7 103.9 103.9 103.9
2004 Q1 244.0 104.9 104.8 104.9
2004 Q2 245.6 105.5 105.4 105.6
2004 Q3 246.2 105.8 105.7 105.9
2004 Q4 247.2 106.2 106.1 106.3
2005 Q1 247.9 106.5 106.4 106.6
2005 Q2 249.0 107.0 106.9 107.1
Source: Economic Trends, Quarterly National Accounts Supplement.
(a) Non-profit institutions serving households. (b) Includes
acquisitions less disposals of valuables.
Table 2. Output volumes
Seasonally adjusted 2002=100
GDP at basic prices Production industries
Average Non-oil Manufac- Oil and
estimate estimate turing gas (a)
2001 98.3 98.3 103.2 101.3
2002 100.0 100.0 100.0 100.0
2003 102.5 102.7 100.0 94.4
2004 105.6 106.0 102.0 86.3
2001 Q1 97.9 97.8 105.5 100.3
2001 Q2 98.2 98.1 103.2 103.1
2001 Q3 98.4 98.3 103.1 101.7
2001 Q4 98.8 98.8 100.9 99.9
2002 Q1 99.3 99.3 100.3 99.6
2002 Q2 99.7 99.6 99.7 105.0
2002 Q3 100.3 100.4 100.7 95.2
2002 Q4 100.7 100.7 99.3 100.2
2003 Q1 101.4 101.4 99.4 99.3
2003 Q2 101.8 102.0 99.5 94.6
2003 Q3 102.9 103.1 100.2 93.2
2003 Q4 103.9 104.2 101.1 90.4
2004 Q1 104.9 105.3 101.6 89.3
2004 Q2 105.5 105.9 102.4 89.5
2004 Q3 105.8 106.3 101.7 84.8
2004 Q4 106.2 106.8 102.3 81.5
2005 Q1 106.5 107.1 101.5 81.3
2005 Q2 107.0 107.6 101.3 81.6
Services industries
Distrib- Business Imputed Public
ution services (b) rent (c) services
2001 95.6 98.2 98.8 97.5
2002 100.0 100.0 100.0 100.0
2003 103.5 103.1 102.2 102.1
2004 108.6 108.5 104.1 104.6
2001 Q1 94.7 96.0 98.1 96.5
2001 Q2 95.1 98.3 98.7 97.1
2001 Q3 95.7 98.5 99.2 97.7
2001 Q4 97.0 100.0 99.3 98.6
2002 Q1 98.6 99.0 99.4 99.2
2002 Q2 99.3 99.7 99.7 99.8
2002 Q3 100.4 100.9 100.0 100.2
2002 Q4 101.7 100.5 100.8 100.7
2003 Q1 101.7 101.9 101.5 101.0
2003 Q2 103.0 101.8 101.8 101.6
2003 Q3 104.1 103.2 102.3 102.5
2003 Q4 105.3 105.5 103.2 103.4
2004 Q1 107.4 107.6 103.6 103.9
2004 Q2 108.7 107.5 104.0 104.7
2004 Q3 109.2 109.1 104.1 104.7
2004 Q4 109.3 109.8 104.7 105.0
2005 Q1 109.0 111.1 104.9 105.8
2005 Q2 109.4 112.3 105.3 106.5
Construct- Rest (d)
ion
2001 96.3 97.3
2002 100.0 100.0
2003 105.2 104.7
2004 108.7 106.7
2001 Q1 95.5 98.3
2001 Q2 95.8 97.6
2001 Q3 96.4 96.7
2001 Q4 97.6 96.8
2002 Q1 99.2 99.5
2002 Q2 98.8 99.5
2002 Q3 100.4 100.0
2002 Q4 101.7 101.1
2003 Q1 102.0 103.8
2003 Q2 104.0 104.0
2003 Q3 107.1 105.5
2003 Q4 107.7 105.4
2004 Q1 108.0 105.9
2004 Q2 108.2 106.3
2004 Q3 109.0 107.1
2004 Q4 109.7 107.7
2005 Q1 109.9 107.9
2005 Q2 110.6 108.1
Source: Economic Trends, Quarterly National Accounts Supplement.
(a) Extraction of mineral oil and natural gas. (b) Financial
intermediation (less adjustment for financial services), real estate,
renting (other than dwellings), and business activities. (c) Letting
of dwellings including imputed rent of owner occupiers.
(d) Agriculture, coalmining, electricity, gas and water, transport and
communications.
Table 3. Monthly economic indicators
Seasonally adjusted
GDP (a)(b) Industrial Manu- Retail
production (a) facturing sales (a)
output (a)
March 2003 101.7 99.4 99.6 115.0
April 2003 101.9 99.2 99.8 116.0
May 2003 101.6 98.6 99.0 115.3
June 2003 102.3 99.3 99.7 116.3
July 2003 102.7 99.9 100.6 116.6
August 2003 102.7 99.0 99.7 117.1
Sept 2003 103.3 99.6 100.4 117.5
Oct. 2003 103.8 100.8 101.5 118.7
Nov. 2003 103.5 99.4 100.5 118.7
Dec. 2003 104.4 100.1 101.4 120.4
Jan. 2004 104.5 100.1 101.4 120.8
Feb. 2004 104.7 99.8 101.0 121.2
March 2004 105.5 101.0 102.3 122.3
April 2004 105.4 101.0 102.4 122.8
May 2004 105.7 100.8 102.4 123.9
June 2004 106.0 101.1 102.4 124.5
July 2004 105.8 100.4 101.4 124.0
August 2004 106.0 99.7 101.5 124.7
Sept. 2004 106.3 99.7 102.1 125.9
Oct 2004 106.0 99.1 101.4 125.1
Nov. 2004 106.8 100.4 102.7 125.7
Dec. 2004 106.7 100.7 102.9 124.0
Jan. 2005 106.8 99.6 102.1 125.0
Feb. 2005 107.0 99.5 102.0 125.0
March 2005 106.6 98.4 100.3 124.6
April 2005 107.2 99.1 101.1 125.4
May 2005 107.1 99.3 101.3 124.9
June 2005 107.5 99.1 101.5 126.4
July 2005 107.5 98.7 101.6 125.7
August 2005 107.4 97.8 101.4 125.7
Sept 2005 108.0 99.0 102.0 126.0
Unemploy- PSNCR Consumer 3-month
ment rate [pounds price interbank
% sterling] index rate
m (c)
March 2003 3.0 11377 1.6 3.61
April 2003 3.0 283 1.5 3.58
May 2003 3.0 5833 1.2 3.57
June 2003 3.1 10170 1.1 3.59
July 2003 3.0 -6154 1.3 3.40
August 2003 3.0 3601 1.4 3.57
Sept 2003 3.0 8476 1.4 3.67
Oct. 2003 3.0 -1649 1.4 3.90
Nov. 2003 2.9 5791 1.3 3.94
Dec. 2003 2.9 13027 1.3 3.98
Jan. 2004 2.9 -14447 1.4 4.10
Feb. 2004 2.8 -154 1.3 4.16
March 2004 2.8 14736 1.1 4.33
April 2004 2.8 -2243 1.2 4.39
May 2004 2.8 3229 1.5 4.59
June 2004 2.7 10652 1.6 4.79
July 2004 2.7 -6883 1.4 4.89
August 2004 2.7 3261 1.3 4.90
Sept. 2004 2.7 10939 1.1 4.86
Oct 2004 2.7 -1488 1.2 4.84
Nov. 2004 2.7 9029 1.5 4.80
Dec. 2004 2.6 14625 1.6 4.84
Jan. 2005 2.6 -16825 1.6 4.81
Feb. 2005 2.6 659 1.6 4.90
March 2005 2.7 13583 1.9 4.93
April 2005 2.7 -948 1.9 4.88
May 2005 2.7 5171 1.9 4.81
June 2005 2.8 12492 2.0 4.73
July 2005 2.8 -8170 2.3 4.56
August 2005 2.8 4636 2.4 4.54
Sept 2005 2.8 2.5 4.55
20-year Effective M4
gilt rate exchange [pounds
%p.a. (c) % sterling] m
p.a. (c)(d) rate (a)(c)
March 2003 4.54 100.60 1017658
April 2003 4.67 99.80 1028393
May 2003 4.46 97.90 1030165
June 2003 4.39 99.64 1039855
July 2003 4.65 99.40 1038566
August 2003 4.68 99.01 1039887
Sept 2003 4.76 99.24 1051028
Oct. 2003 4.88 99.82 1054041
Nov. 2003 4.95 100.42 1068073
Dec. 2003 4.83 100.29 1079956
Jan. 2004 4.75 102.38 1089853
Feb. 2004 4.78 104.84 1096209
March 2004 4.67 104.99 1099219
April 2004 4.87 105.18 1106145
May 2004 4.98 104.63 1117618
June 2004 5.00 105.80 1124437
July 2004 4.92 105.89 1133607
August 2004 4.81 105.16 1144838
Sept. 2004 4.76 103.32 1148169
Oct 2004 4.68 102.17 1158754
Nov. 2004 4.58 101.73 1165472
Dec. 2004 4.44 103.15 1175070
Jan. 2005 4.44 102.10 1189358
Feb. 2005 4.53 103.29 1199851
March 2005 4.74 103.21 1213557
April 2005 4.60 104.38 1221882
May 2005 4.41 103.55 1239324
June 2005 4.29 104.92 1240807
July 2005 4.33 102.14 1255904
August 2005 4.34 102.85 1257193
Sept 2005 4.23 103.91
(a) 2002=100. Constant market prices. (b) See National Institute
Economic Review, no. 161, p. 84. (c) Not seasonally adjusted.
(d) Redemption yield on notional zero-coupon stock.
Table 4. CBI Industrial Trends Survey: manufacturing
Investment (a)
Survey Business Capacity
date Buildings Plant and optimism
machinery (b) (c)
Jan. 2000 -18 -9 9 61
April 2000 -30 -21 -2 62
July 2000 -30 -21 -10 56
Oct. 2000 -29 -18 -9 59
Jan. 2001 -22 -9 -3 57
April 2001 -23 -7 -29 64
July 2001 -23 -15 -22 67
Oct. 2001 -29 -28 -54 59
Jan. 2002 -29 -28 -31 66
April 2002 -30 -25 21 72
July 2002 -18 -13 4 67
Oct. 2002 -27 -25 -19 67
Jan. 2003 -28 -22 -19 74
April 2003 -31 -23 -27 70
July 2003 -28 -23 -13 68
Oct. 2003 -29 -14 -7 68
Jan. 2004 -17 6 17 66
April 2004 -14 -1 12 65
July 2004 -16 0 7 54
Oct. 2004 -26 -17 -10 54
Jan. 2005 -25 -19 -22 59
April 2005 -24 -16 -15 60
July 2005 -20 -15 -16 54
Survey Export Output Prices Numbers
date optimism employed
(b)
Jan. 2000 2 11 -4 -12
April 2000 -10 1 -13 -13
July 2000 -18 3 -15 -12
Oct. 2000 -6 3 -12 -8
Jan. 2001 7 14 4 -12
April 2001 -16 -2 -13 -19
July 2001 -25 3 -16 -27
Oct. 2001 -53 -23 -21 -25
Jan. 2002 -26 -13 -23 -41
April 2002 11 14 -10 -23
July 2002 4 9 -10 -18
Oct. 2002 -14 8 -8 -23
Jan. 2003 -22 2 -12 -29
April 2003 -20 -10 -6 -31
July 2003 -9 -4 -13 -26
Oct. 2003 -8 -4 -7 -26
Jan. 2004 12 -2 1 -13
April 2004 13 5 2 -10
July 2004 3 21 6 -7
Oct. 2004 0 14 1 -15
Jan. 2005 -6 15 19 -17
April 2005 0 12 5 -14
July 2005 -8 22 -11 -11
Limiting factors (f)
Survey Stocks Export
date orders Skilled Cost of
(d) (e) labour finance
Jan. 2000 8 -30 13 4
April 2000 14 -29 14 3
July 2000 12 -41 16 3
Oct. 2000 10 -28 17 3
Jan. 2001 9 -14 18 5
April 2001 12 -28 17 3
July 2001 13 -35 15 2
Oct. 2001 19 -44 13 5
Jan. 2002 19 -42 8 2
April 2002 19 -34 9 1
July 2002 11 -34 9 2
Oct. 2002 16 -34 10 2
Jan. 2003 20 -38 9 2
April 2003 21 -31 7 2
July 2003 18 -32 11 2
Oct. 2003 23 -37 12 2
Jan. 2004 10 -27 13 2
April 2004 14 -21 10 1
July 2004 6 -27 13 1
Oct. 2004 14 -22 14 3
Jan. 2005 8 -7 14 2
April 2005 17 -9 11 1
July 2005 8 -3 11 2
(a) The difference between the percentage of respondents expected to
authorise more expenditure over the next 12 months and those expecting
to authorise less. (b) Balance between those more optimistic about the
business situation than 4 months previously and those less optimistic.
(c) Figures indicate percentage of respondents working below capacity.
(d) Balance between those with more than adequate stocks of finished
goods and those with less than adequate stocks. (e) Balance between
those with above normal and below normal export order book. (f) Four
month forecast of impact of skilled labour shortages on output. Twelve
month forecast of impact of cost of finance on capital expenditure.
(Per cent of respondents who regard factor as significant.)
Table 5. UK labour market Thousands
Thousands
Workforce jobs (a)
Employees jobs Self Trainees Total
employ- & HM
Male Female ment forces
2001 13141 12750 3522 304 29717
2002 13142 12866 3586 299 29893
2003 13221 12876 3808 308 30213
2004 13366 12902 3858 313 30439
2001 Q1 13065 12740 3508 317 29629
2001 Q2 13124 12752 3522 308 29706
2001 Q3 13152 12759 3521 298 29730
2001 Q4 13222 12749 3537 295 29802
2002 Q1 13156 12860 3533 294 29843
2002 Q2 13123 12878 3566 298 29865
2002 Q3 13123 12866 3608 302 29899
2002 Q4 13167 12860 3636 302 29965
2003 Q1 13196 12840 3702 303 30041
2003 Q2 13237 12844 3778 306 30164
2003 Q3 13190 12917 3862 310 30279
2003 Q4 13260 12904 3891 313 30368
2004 Q1 13308 12902 3881 316 30407
2004 Q2 13352 12897 3866 316 30431
2004 Q3 13392 12875 3838 312 30417
2004 Q4 13411 12935 3846 308 30500
2005 Q1 13476 12978 3850 304 30609
2005 Q2 13440 13023 3842 301 30606
UK claimant unemployment
Duration
Total Rate (b)
Per cent
Under 26 Over 26 over 26
weeks weeks weeks
2001 970 3.2 614 356 36.7
2002 947 3.1 624 322 34.1
2003 933 3.0 620 313 33.6
2004 854 2.7 564 290 34.0
2001 Q1 1000 3.3 665 335 33.5
2001 Q2 971 3.2 575 396 40.8
2001 Q3 950 3.1 591 358 37.7
2001 Q4 960 3.1 626 334 34.8
2002 Q1 953 3.1 663 290 30.4
2002 Q2 951 3.1 599 351 36.9
2002 Q3 947 3.1 616 331 35.0
2002 Q4 937 3.0 620 317 33.9
2003 Q1 939 3.0 673 267 28.4
2003 Q2 945 3.0 612 334 35.3
2003 Q3 935 3.0 605 330 35.3
2003 Q4 914 2.9 592 323 35.3
2004 Q1 886 2.8 623 263 29.7
2004 Q2 861 2.8 538 324 37.6
2004 Q3 836 2.7 545 292 34.9
2004 Q4 831 2.7 550 281 33.8
2005 Q1 821 2.6 612 209 25.5
2005 Q2 854 2.7 577 277 32.4
Per cent Average Produc- Unit
not earnings tivity labour
employed costs
Growth rates
2001 18.4 4.7 1.0 3.9
2002 18.4 4.0 1.1 2.7
2003 18.0 4.6 1.4 2.4
2004 17.9 4.4 2.3 2.0
2001 Q1 18.4 6.1 1.4 4.9
2001 Q2 18.3 5.6 1.1 4.7
2001 Q3 18.4 4.0 0.7 3.4
2001 Q4 18.3 3.2 0.8 2.5
2002 Q1 18.3 2.7 0.7 2.1
2002 Q2 18.4 3.8 1.0 2.7
2002 Q3 18.4 4.6 1.4 2.9
2002 Q4 18.4 5.0 1.4 3.2
2003 Q1 18.2 5.1 1.5 3.0
2003 Q2 18.0 4.3 1.1 2.4
2003 Q3 17.8 4.6 1.3 2.5
2003 Q4 17.7 4.3 1.8 1.6
2004 Q1 17.8 4.8 2.2 2.0
2004 Q2 17.9 4.4 2.7 1.4
2004 Q3 18.0 3.7 2.4 1.5
2004 Q4 17.9 4.5 1.8 3.0
2005 Q1 4.3 0.9 3.7
2005 Q2 4.5 0.8 3.8
Source: Labour Market Trends.
(a) Quarterly average, NIESR estimates. (b) Percentage of workforce.
Table 6. Prices
Seasonally adjusted, 2002=100
National Accounts deflators
GDP GDP Consumers Public Fixed
at at expenditure sector investment
basic market consump-
prices prices tion
2001 96.5 97.0 98.5 94.6 98.9
2002 100.0 100.0 100.0 100.0 100.0
2003 102.9 102.9 102.0 105.1 102.0
2004 105.1 105.0 103.3 108.7 105.0
2001 Q1 95.5 96.2 97.7 93.0 99.2
2001 Q2 96.2 96.8 98.4 94.0 99.0
2001 Q3 96.6 96.9 99.0 94.7 99.0
2001 Q4 97.9 98.1 99.1 96.5 98.3
2002 Q1 98.7 98.9 99.6 97.0 98.6
2002 Q2 100.0 99.9 99.9 100.1 100.0
2002 Q3 100.4 100.4 100.0 100.9 100.4
2002 Q4 100.9 100.9 100.5 102.0 100.9
2003 Q1 102.0 101.8 101.3 103.9 100.0
2003 Q2 102.7 102.6 101.6 104.9 101.8
2003 Q3 103.4 103.4 102.3 105.4 102.9
2003 Q4 103.5 103.7 102.7 106.3 103.1
2004 Q1 103.8 104.0 102.9 106.8 103.4
2004 Q2 104.5 104.4 103.0 107.0 104.7
2004 Q3 105.4 105.3 103.4 109.5 105.6
2004 Q4 106.6 106.2 103.9 111.6 106.1
2005 Q1 106.9 106.6 104.5 112.4 105.9
2005 Q2 107.4 107.2 105.0 112.9 107.5
National Accounts
deflators Producer prices (a)
Exports Imports Input Output
of goods of goods prices prices
and and
services services
2001 99.5 102.3 105.1 100.1
2002 100.0 100.0 100.0 100.0
2003 101.5 100.4 99.7 101.3
2004 100.4 99.9 101.5 103.2
2001 Q1 101.6 104.0 107.9 100.2
2001 Q2 101.2 103.9 107.2 100.2
2001 Q3 97.0 101.7 104.0 100.1
2001 Q4 98.3 99.7 101.3 99.9
2002 Q1 100.4 100.7 101.0 99.6
2002 Q2 100.5 100.7 100.5 99.8
2002 Q3 99.7 99.3 99.7 100.2
2002 Q4 99.3 99.4 98.9 100.4
2003 Q1 101.1 100.1 99.3 100.8
2003 Q2 101.7 100.4 99.8 101.2
2003 Q3 102.1 100.7 99.7 101.5
2003 Q4 100.9 100.4 99.9 101.7
2004 Q1 99.4 98.7 99.1 102.3
2004 Q2 99.8 99.3 100.2 102.6
2004 Q3 100.3 100.3 102.2 103.5
2004 Q4 101.9 101.1 104.7 104.5
2005 Q1 101.9 101.5 106.8 104.7
2005 Q2 102.6 101.9 107.4 105.1
Retail prices (b)
All items RPIX RPIY
Annual
Index change
2001 98.4 1.8 97.8 97.7
2002 100.0 1.6 100.0 100.0
2003 102.9 2.9 102.8 102.7
2004 106.0 3.0 105.1 104.8
2001 Q1 97.5 2.6 96.5 96.2
2001 Q2 98.7 1.9 98.1 98.0
2001 Q3 98.8 1.8 98.3 98.3
2001 Q4 98.7 1.0 98.5 98.5
2002 Q1 98.7 1.2 98.8 98.8
2002 Q2 99.9 1.2 100.0 99.8
2002 Q3 100.2 1.5 100.2 100.2
2002 Q4 101.1 2.5 101.0 101.2
2003 Q1 101.7 3.0 101.6 101.9
2003 Q2 102.9 3.0 102.9 102.6
2003 Q3 103.2 2.9 103.1 102.9
2003 Q4 103.8 2.6 103.7 103.4
2004 Q1 104.3 2.6 104.0 103.8
2004 Q2 105.7 2.8 105.1 104.7
2004 Q3 106.4 3.1 105.3 104.9
2004 Q4 107.4 3.4 106.0 105.7
2005 Q1 107.7 3.2 106.2 106.0
2005 Q2 108.9 3.0 107.4 107.1
Sources: Cols. 1-2, 4-8: Economic Trends; Cols 9-14: Monthly Digest of
Statistics; Col (3): CSO Consumer Price Tables. (a) Excluding food,
drink, tobacco and petroleum. (b) Seasonally adjusted.
Table 7. Companies
[pounds sterling] million, seasonally adjusted
Operating Net Net Taxes on
surplus property transfers income
income
2001 198899 -55951 6519 35507
2002 220813 -31960 5966 30711
2003 238124 -32243 6569 31101
2004 255706 -27325 6198 34434
2001 Q1 48655 -16034 2333 9077
2001 Q2 47142 -13281 -44 8928
2001 Q3 50135 -13189 3408 8242
2001 Q4 52967 -13447 822 9260
2002 Q1 54463 -9602 2225 7372
2002 Q2 53749 -9528 -315 8271
2002 Q3 56211 -7504 3398 7674
2002 Q4 56390 -5326 658 7394
2003 Q1 59229 -5310 2152 7815
2003 Q2 58419 -10135 94 8198
2003 Q3 60509 -8865 3576 7987
2003 Q4 59967 -7933 747 7101
2004 Q1 61210 -7397 2261 7779
2004 Q2 64606 -6188 -513 9281
2004 Q3 63936 -9810 3655 8761
2004 Q4 65954 -3930 795 8613
2005 Q1 64429 -6302 1976 10357
2005 Q2 65996 -4897 -776 10009
Social Social FISIM (a) Gross
contributions benefits disposable
received paid income (b)
2001 59098 42577 33517 96964
2002 64212 46307 41207 140806
2003 69602 48029 45921 157001
2004 73785 48112 49921 175897
2001 Q1 14588 10448 9111 20906
2001 Q2 14261 10588 4517 24045
2001 Q3 14561 10739 10888 25046
2001 Q4 15688 10802 9001 26967
2002 Q1 15836 11393 11813 32344
2002 Q2 15460 11512 6282 33301
2002 Q3 15919 11643 12245 36462
2002 Q4 16997 11759 10867 38699
2003 Q1 17775 12021 13444 40566
2003 Q2 15512 11922 8698 35072
2003 Q3 17561 11940 13464 39390
2003 Q4 18754 12146 10315 41973
2004 Q1 19327 11971 13188 42463
2004 Q2 17245 12019 10461 43389
2004 Q3 17538 12074 13334 41150
2004 Q4 19675 12048 12938 48895
2005 Q1 20561 12361 14112 43834
2005 Q2 19366 12716 10539 46425
Financial Total (c) Gearing (d)
Invest-
ment Total % GDP
2001 115492 -32688 -3.3 27.1
2002 111206 13493 1.3 35.6
2003 107631 30813 2.8 40.5
2004 113047 40019 3.4 35.4
2001 Q1 29061 -11443 -4.7 25.0
2001 Q2 29482 -8812 -3.6 25.8
2001 Q3 28660 -7129 -2.9 29.5
2001 Q4 28289 -5304 -2.1 28.1
2002 Q1 26926 1855 0.7 28.1
2002 Q2 26862 2425 0.9 32.6
2002 Q3 28495 3714 1.4 41.2
2002 Q4 28923 5499 2.1 40.6
2003 Q1 25760 10267 3.8 44.2
2003 Q2 26053 5848 2.1 41.1
2003 Q3 27266 6691 2.4 39.7
2003 Q4 28552 8007 2.8 36.8
2004 Q1 27111 9417 3.3 36.4
2004 Q2 27769 10629 3.7 35.2
2004 Q3 29091 6547 2.2 35.0
2004 Q4 29076 13426 4.5 34.9
2005 Q1 27671 9554 3.2 34.1
2005 Q2 26994 13133 4.4 33.8
Source: Economic Trends Quarterly National Accounts Supplement
(a) Financial Intermediation Services Indirectly Measured (subtracted
to avoid double-counting). (b) Gross disposable income is equal to
operating surplus, net property income, net transfers and social
contributions received, less taxes on income and social benefits
paid. It is also known as 'gross saving'. Net transfers includes a
number of small categories of income identified separately by the
ONS. (c) The financial balance equals gross disposable income less
investment and capital transfers (not shown). (d) Net debt as a
proportion of the market value of private non-financial companies.
Table 8. Household sector
[pounds sterling] million, seasonally adjusted
Resources
Operating Net proper- Net Social Employee
surplus ty income transfers benefits compen-
sation
2001 121085 78713 13808 178480 563358
2002 128769 65809 18156 184763 588591
2003 137247 68243 21069 195083 617641
2004 144095 66743 21980 204505 648814
2001 Q1 29635 21312 3267 42799 139111
2001 Q2 30263 19315 3297 44672 140321
2001 Q3 30619 19260 3733 45107 141335
2001 Q4 30568 18826 3511 45902 142591
2002 Q1 31538 17228 3728 45547 144024
2002 Q2 31937 16736 5044 45968 146346
2002 Q3 32401 16156 5062 46284 148244
2002 Q4 32893 15689 4322 46964 149977
2003 Q1 33476 15954 4928 47571 151508
2003 Q2 34129 18306 5534 48304 153033
2003 Q3 34687 17028 4955 49256 155837
2003 Q4 34955 16955 5652 49952 157263
2004 Q1 35511 16258 5159 50140 159879
2004 Q2 35862 15889 5586 50981 160767
2004 Q3 36167 17702 5944 51386 162661
2004 Q4 36555 16894 5291 51998 165507
2005 Q1 37017 17470 5051 52048 168275
2005 Q2 37575 17932 5653 54186 169322
Uses
Taxes on Social con- Gross dispos- Gross
income tributions able income (a) saving
2001 131007 136248 688255 44352
2002 132222 143789 710144 34691
2003 135134 159813 744395 40969
2004 145933 170044 770231 34700
2001 Q1 32616 33472 169983 12161
2001 Q2 32827 33747 171359 11344
2001 Q3 32661 34213 173209 10640
2001 Q4 32903 34816 173704 10207
2002 Q1 32743 34899 174431 7468
2002 Q2 32850 35670 177530 9218
2002 Q3 33281 36515 178374 9278
2002 Q4 33348 36705 179809 8727
2003 Q1 33667 37687 182099 9343
2003 Q2 33529 39144 186656 10282
2003 Q3 33763 41530 186481 10130
2003 Q4 34175 41452 189159 11214
2004 Q1 34755 42532 189675 9460
2004 Q2 35717 41520 191880 8018
2004 Q3 37438 42364 194075 8992
2004 Q4 38023 43628 194601 8230
2005 Q1 38571 44868 196427 9117
2005 Q2 39070 46058 199574 10327
Saving Financial
ratio Investment balance (b)
2001 6.3 43844 3531
2002 4.8 50092 -12525
2003 5.4 55265 -10420
2004 4.4 62220 -23282
2001 Q1 7.0 10856 1723
2001 Q2 6.5 10504 2106
2001 Q3 6.0 11584 -197
2001 Q4 5.7 10900 -101
2002 Q1 4.2 11981 -3726
2002 Q2 5.1 12923 -3149
2002 Q3 5.1 12106 -2131
2002 Q4 4.7 13082 -3519
2003 Q1 5.0 12972 -2473
2003 Q2 5.4 13206 -2145
2003 Q3 5.3 14470 -3477
2003 Q4 5.7 14617 -2325
2004 Q1 4.8 15254 -4694
2004 Q2 4.1 15698 -6483
2004 Q3 4.5 15540 -5613
2004 Q4 4.1 15728 -6492
2005 Q1 4.5 16787 -5793
2005 Q2 5.0 17303 -6050
Source: Economic Trends Quarterly National Accounts Supplement.
(a) Gross disposable income is equal to total resources less taxes and
social contributions. (b) The household financial balance equals gross
saving less investment and capital transfers (not shown).
Table 9. Fixed investment and inventories
Seasonally adjusted
Business investment Housing
Manu- Non-manu- Total Private Public General
facturing facturing govt
(excl.
dwellings)
[pounds sterling] million, 2002 prices
2001 16205 93587 109792 29195 2811 11210
2002 13807 96359 110166 31455 3044 12495
2003 13383 94364 107747 32474 3582 14428
2004 13723 97656 111379 35547 3332 16641
2001 Q1 4269 23606 27875 7312 599 2421
2001 Q2 4179 23547 27726 7155 736 2910
2001 Q3 3830 23756 27586 7522 730 2921
2001 Q4 3927 22678 26605 7206 746 2958
2002 Q1 3443 23702 27145 7295 711 3019
2002 Q2 3540 23881 27421 7759 637 3205
2002 Q3 3497 23828 27325 8104 725 3279
2002 Q4 3327 24948 28275 8297 971 2992
2003 Q1 3604 23066 26670 7831 993 3741
2003 Q2 3219 24012 27231 8031 804 3226
2003 Q3 3151 23273 26424 8237 928 3461
2003 Q4 3409 24013 27422 8375 857 4000
2004 Q1 3297 24186 27483 8753 734 3901
2004 Q2 3489 24038 27527 8890 857 4419
2004 Q3 3378 24833 28211 8898 892 4004
2004 Q4 3559 24599 28158 9006 849 4317
2005 Q1 3408 24860 28268 8910 820 4876
2005 Q2 3591 25093 28684 8905 809 4294
Total Change in inventories
Manu- Distri- Other Total (a)
facturing bution
[pounds sterling] million, 2002 prices
2001 167563 276 1725 4568 6569
2002 172558 -758 2229 1652 3123
2003 172573 -727 1373 3950 4596
2004 181043 -827 2893 3071 5137
2001 Q1 42007 -459 436 1045 1022
2001 Q2 42160 354 -236 1467 1585
2001 Q3 42249 656 748 296 1700
2001 Q4 41147 -275 777 1760 2262
2002 Q1 41651 769 687 -205 1251
2002 Q2 42936 -369 1922 -1103 450
2002 Q3 43562 -37 357 230 550
2002 Q4 44409 -1121 -737 2730 872
2003 Q1 43232 711 336 -944 103
2003 Q2 42843 -730 -128 573 -285
2003 Q3 42459 -180 549 1910 2279
2003 Q4 44039 -528 616 2411 2499
2004 Q1 44374 -642 1087 823 1268
2004 Q2 45286 -91 824 363 1096
2004 Q3 45520 239 396 573 1208
2004 Q4 45863 -333 586 1312 1565
2005 Q1 45843 409 -178 1399 1630
2005 Q2 46287 -527 -180 748 41
Stock-output ratio
Manu- Distri- Whole
facturing bution economy
2002 = 100
2001 96.3 98.4 98.2
2002 100.0 100.0 100.0
2003 98.2 98.1 99.3
2004 93.9 98.4 100.2
2001 Q1 93.2 98.6 96.9
2001 Q2 95.9 97.7 97.7
2001 Q3 97.1 98.6 98.6
2001 Q4 98.8 98.8 99.8
2002 Q1 100.7 98.6 100.2
2002 Q2 100.7 101.7 100.1
2002 Q3 99.6 101.2 99.8
2002 Q4 99.0 98.5 100.0
2003 Q1 100.2 99.2 99.4
2003 Q2 98.8 97.7 98.8
2003 Q3 97.8 97.7 99.3
2003 Q4 96.0 97.7 99.9
2004 Q1 94.4 97.8 99.8
2004 Q2 93.5 98.1 99.8
2004 Q3 94.5 98.3 100.4
2004 Q4 93.4 99.3 100.9
2005 Q1 94.9 99.3 101.7
2005 Q2 94.1 98.6 101.3
Sources: Economic Trends Quarterly National Supplement, NIESR
calculations. (a) Includes acquisitions less disposals of valuables.
Table 10. Financial indicators
Nominal interest rates Exchange rates
Base Mortgage 10-year Effective Sterling
rate (c) bond (1990=
100) dollar euro
2001 5.1 5.9 4.9 105.8 1.44 1.61
2002 4.0 5.0 4.9 106.0 1.50 1.59
2003 3.7 4.7 4.5 100.2 1.63 1.45
2004 4.4 5.0 4.9 104.1 1.83 1.47
2001 Q1 5.9 6.4 4.8 104.5 1.46 1.58
2001 Q2 5.4 6.1 5.1 106.4 1.42 1.63
2001 Q3 5.1 5.8 5.0 106.1 1.44 1.62
2001 Q4 4.2 5.2 4.8 106.1 1.44 1.61
2002 Q1 4.0 5.1 5.1 106.9 1.43 1.63
2002 Q2 4.0 5.0 5.2 105.3 1.46 1.59
2002 Q3 4.0 5.0 4.7 105.7 1.55 1.58
2002 Q4 4.0 5.0 4.6 106.0 1.57 1.58
2003 Q1 3.8 4.8 4.3 102.4 1.60 1.49
2003 Q2 3.8 4.7 4.2 99.1 1.62 1.43
2003 Q3 3.5 4.5 4.5 99.2 1.61 1.43
2003 Q4 3.7 4.6 4.9 100.2 1.71 1.44
2004 Q1 3.9 4.8 4.8 104.1 1.84 1.47
2004 Q2 4.2 4.9 5.1 105.2 1.81 1.50
2004 Q3 4.7 5.2 5.0 104.8 1.82 1.49
2004 Q4 4.8 5.2 4.7 102.3 1.86 1.44
2005 Q1 4.8 5.2 4.7 102.9 1.89 1.44
2005 Q2 4.8 5.3 4.4 104.3 1.86 1.47
Asset prices Monetary aggregates (a) PSNCR (b)
M0 M4
Equity House
prices prices Total Annual Total Annual
(d) (e) growth growth
rate rate
2002=100
2001 120.5 86.1 33.9 7.4 923.1 7.7 -2891
2002 100.0 100.0 36.5 7.9 978.8 6.0 18227
2003 88.9 115.7 39.1 6.9 1047.2 7.0 38965
2004 101.2 129.4 41.5 6.3 1137.0 8.6 41256
2001 Q1 130.3 83.5 33.1 8.4 900.5 8.5 -12566
2001 Q2 125.9 85.9 33.3 6.6 914.3 7.6 6325
2001 Q3 114.3 87.8 33.9 6.5 936.0 8.1 -6128
2001 Q4 111.6 87.2 35.1 8.0 941.5 6.7 9478
2002 Q1 112.9 90.8 35.5 7.3 950.6 5.6 -6323
2002 Q2 110.2 97.4 36.6 10.1 967.6 5.8 7069
2002 Q3 90.4 102.6 36.7 8.0 989.4 5.7 402
2002 Q4 86.5 109.2 37.2 6.1 1007.5 7.0 17079
2003 Q1 79.9 112.0 37.9 6.6 1018.0 7.1 -413
2003 Q2 86.8 114.5 38.9 6.2 1040.4 7.5 16286
2003 Q3 92.4 116.1 39.5 7.7 1050.7 6.2 5923
2003 Q4 96.6 120.2 39.9 7.2 1079.8 7.2 17169
2004 Q1 99.8 122.1 40.6 7.1 1099.7 8.0 135
2004 Q2 100.3 128.3 41.4 6.5 1125.1 8.1 11638
2004 Q3 99.2 132.3 41.8 5.8 1148.1 9.3 7317
2004 Q4 105.5 134.9 42.2 5.8 1175.1 8.8 22166
2005 Q1 111.2 135.6 42.7 5.1 1213.7 10.4 -2583
2005 Q2 111.4 135.9 43.0 3.8 1239.6 10.2 16715
Source: Financial Statistics, except for Col. 5: NIESR estimate.
(a) Seasonally adjusted, [pounds sterling] billion. (b) Not
seasonally adjusted, [pounds sterling] million (c) Average.
(d) FT All-share index. (e) Department of Environment mix-adjusted
series.
Table 11. UK balance of payments
Seasonally adjusted, [pounds sterling] million
Total balance of payments
Current balance Trade in goods Trade in services
Total As per cent Exports Imports Exports Imports
of GDP
2001 -22185 -2.2 190055 230703 83061 69358
2002 -16487 -1.6 186511 233598 88434 72898
2003 -16751 -1.5 188615 236479 93616 76734
2004 -23319 -2.0 190950 251210 99100 78911
2001 Q1 -4756 -1.9 49523 58884 21764 17534
2001 Q2 -5467 -2.2 48329 58774 21922 17464
2001 Q3 -5686 -2.3 46561 56911 18775 17495
2001 Q4 -6276 -2.5 45642 56134 20600 16865
2002 Q1 -4702 -1.8 46192 57437 21716 17897
2002 Q2 -4988 -1.9 49273 59820 21475 18169
2002 Q3 -2287 -0.9 46772 58663 22936 18449
2002 Q4 -4510 -1.7 44274 57678 22307 18383
2003 Q1 -577 -0.2 49034 59686 23179 18993
2003 Q2 -4613 -1.7 46813 57856 23082 18854
2003 Q3 -5554 -2.0 46302 58602 23635 19382
2003 Q4 -6007 -2.1 46466 60335 23720 19505
2004 Q1 -4757 -1.7 46184 59700 24462 19257
2004 Q2 -5445 -1.9 47044 62092 24702 19522
2004 Q3 -9004 -3.1 48228 63823 24614 19860
2004 Q4 -4113 -1.4 49494 65595 25322 20272
2005 Q1 -7336 -2.5 49129 64864 25176 20640
2005 Q2 -3050 -1.0 52056 66646 25980 20851
Net overseas
assets (a)
Balance of Net Transfers Total Per cent
goods & investment of
services income GDP(b)
2001 -26945 11305 -6545 -72.1 -7.1
2002 -31551 23612 -8548 -48.3 -4.5
2003 -30982 24133 -9902 -39.6 -3.5
2004 -40071 26393 -9641 -120.0 -10.1
2001 Q1 -5131 2235 -1860 -7.3 -0.7
2001 Q2 -5987 3137 -2617 -20.5 -2.1
2001 Q3 -9070 3326 58 -34.7 -3.5
2001 Q4 -6757 2607 -2126 -72.1 -7.1
2002 Q1 -7426 4985 -2261 -62.9 -6.1
2002 Q2 -7241 4630 -2377 -32.4 -3.1
2002 Q3 -7404 6498 -1381 -43.9 -4.2
2002 Q4 -9480 7499 -2529 -48.3 -4.5
2003 Q1 -6466 8110 -2221 -17.1 -1.6
2003 Q2 -6815 5077 -2875 -15.7 -1.4
2003 Q3 -8047 4983 -2490 -6.0 -0.5
2003 Q4 -9654 5963 -2316 -39.6 -3.5
2004 Q1 -8311 5977 -2423 -70.7 -6.2
2004 Q2 -9868 6644 -2221 -94.2 -8.1
2004 Q3 -10841 4341 -2504 -118.4 -10.1
2004 Q4 -11051 9431 -2493 -120.0 -10.1
2005 Q1 -11199 7267 -3404 -136.9 -11.5
2005 Q2 -9461 9194 -2783 -194.1 -16.1
Source: Economic Trends Quarterly National Supplement.
(a) Not seasonally adjusted; annual totals are end-year. (b) Annualised
money GDP.
Table 12. Exports and imports Seasonally adjusted, 1995=100
Total goods Total services
Exports Imports Exports Imports
Volume Price Volume Price Volume Price Volume Price
2001 140.1 88.3 160.4 89.3 149.0 111.6 169.1 99.0
2002 137.7 88.3 167.3 87.0 155.9 113.6 178.0 98.8
2003 137.3 89.9 170.6 86.3 162.4 115.4 180.2 102.8
2004 139.8 89.7 182.2 85.7 175.8 112.9 185.8 102.5
2001 Q1 143.5 89.7 160.4 91.1 151.9 114.8 170.4 99.3
2001 Q2 140.2 89.9 160.3 91.0 154.7 113.5 169.9 99.2
2001 Q3 138.9 87.7 159.6 88.5 142.8 105.3 170.9 98.8
2001 Q4 137.7 86.0 161.3 86.5 146.4 112.7 165.0 98.6
2002 Q1 136.2 88.5 162.6 87.8 151.9 114.5 176.5 97.9
2002 Q2 144.4 89.3 170.0 87.7 151.1 113.8 176.9 99.2
2002 Q3 138.5 88.2 169.5 86.5 162.2 113.3 181.1 98.3
2002 Q4 131.6 87.3 167.1 86.0 158.5 112.8 177.6 99.9
2003 Q1 142.5 89.9 172.1 86.5 163.3 113.7 181.0 101.3
2003 Q2 136.3 90.3 166.8 86.3 159.1 116.2 177.6 102.5
2003 Q3 134.4 90.3 168.8 86.6 162.0 116.9 180.8 103.4
2003 Q4 136.2 89.3 174.7 85.9 165.3 114.9 181.2 103.9
2004 Q1 137.3 88.0 176.0 84.3 173.7 112.8 181.2 102.6
2004 Q2 138.7 89.1 181.0 85.4 175.8 112.6 185.7 101.5
2004 Q3 141.0 90.3 184.0 86.5 175.3 112.5 187.0 102.5
2004 Q4 142.1 91.5 187.7 86.8 178.5 113.6 189.3 103.4
2005 Q1 140.6 92.0 184.4 87.5 178.4 113.0 194.1 102.7
2005 Q2 150.1 92.4 188.9 87.9 178.2 116.8 194.7 103.3
Competitor's producer prices (a)
US Japan Germany
2001 118.7 79.5 75.1
2002 113.1 72.5 75.4
2003 106.5 71.3 84.4
2004 99.1 68.9 84.2
2001 Q1 117.3 81.6 76.3
2001 Q2 121.5 80.2 74.8
2001 Q3 119.1 79.3 75.0
2001 Q4 116.8 76.9 74.3
2002 Q1 117.7 72.4 73.8
2002 Q2 116.0 73.6 75.5
2002 Q3 109.9 73.4 76.1
2002 Q4 108.8 70.4 76.2
2003 Q1 108.8 71.1 81.8
2003 Q2 106.8 70.3 85.5
2003 Q3 107.9 71.3 85.2
2003 Q4 102.6 72.4 85.2
2004 Q1 96.3 68.5 83.2
2004 Q2 100.4 68.6 82.5
2004 Q3 100.3 68.5 83.9
2004 Q4 99.4 69.8 87.4
2005 Q1 99.0 69.6 88.6
2005 Q2 102.3 69.5 87.6
Source: Cols. 1-8: Economic Trends Quarterly Supplement and
UK Visible Trade Press Notice; Cols. 9-11 NIESR calculations.
(a) Sterling indices.
Table 13. Gross product and productivity in industrial countries
and OECD
Seasonally adjusted, Index numbers, 1994=100
Gross domestic product
US Canada Japan France Germany Italy UK OECD
Constant prices
1994 (a) 37.1 3.4 14.1 6.3 9.2 5.9 5.9 100.0
2001 126.2 128.1 109.0 119.4 114.1 115.1 123.3 122.4
2002 128.2 132.1 108.7 120.9 114.3 115.6 125.8 124.4
2003 131.7 134.7 110.2 122.0 114.0 116.0 128.9 127.1
2004 137.3 138.7 113.1 124.5 115.3 117.1 133.0 131.4
2001 Q1 126.0 127.8 110.3 119.3 114.1 1115.1 122.6 122.4
2001 Q2 126.4 128.0 109.2 119.3 114.2 115.2 123.0 122.4
2001 Q3 126.0 127.8 108.4 119.9 114.0 115.1 123.5 122.3
2001 Q4 126.5 128.9 107.9 119.1 114.3 115.0 124.1 122.6
2002 Q1 127.3 130.5 107.3 120.3 113.9 115.1 124.7 123.3
2002 Q2 128.0 131.6 108.6 120.9 114.0 115.5 125.4 124.2
2002 Q3 128.8 132.8 109.1 121.3 114.6 115.7 126.2 125.0
2002 Q4 128.8 133.5 109.6 121.3 114.5 116.1 126.7 125.3
2003 Q1 129.4 134.5 109.0 121.7 113.8 115.9 127.5 125.6
2003 Q2 130.6 134.1 109.6 121.2 113.6 115.7 128.2 126.3
2003 Q3 132.9 134.6 110.2 122.4 114.0 116.2 129.4 127.6
2003 Q4 134.0 135.8 112.0 122.9 114.7 116.1 130.6 128.9
2004 Q1 135.4 136.6 113.5 123.6 115.2 116.7 132.0 130.2
2004 Q2 136.6 138.3 113.0 124.5 115.4 117.1 132.9 131.0
2004 Q3 137.9 139.5 112.9 124.6 115.3 117.6 133.3 131.8
2004 Q4 139.1 140.3 113.0 125.4 115.2 117.1 133.9 132.6
2005 Q1 140.4 141.0 114.6 125.9 116.1 116.5 134.3 133.6
2005 Q2 141.5 142.1 115.5 126.1 116.1 117.2 134.9
Gross product per person employed (b)
US Canada Japan France Germany Italy UK
1994 (a)
2001 113.4 111.8 109.7 107.6 108.9 107.9 113.7
2002 115.6 112.5 110.8 108.2 109.6 106.8 115.2
2003 117.7 112.2 112.6 109.4 110.5 106.2 116.9
2004 121.3 113.4 115.3 111.7 111.3 105.6 119.7
2001 Q1 112.6 111.8 110.3 107.8 108.8 108.3 113.3
2001 Q2 113.5 111.7 109.8 107.6 108.9 108.5 113.5
2001 Q3 113.4 111.4 109.5 108.0 108.9 107.8 113.7
2001 Q4 114.3 112.3 109.1 107.0 109.1 107.2 114.1
2002 Q1 115.2 112.8 108.9 107.8 108.7 106.4 114.5
2002 Q2 115.5 112.5 110.9 108.2 109.2 106.8 115.0
2002 Q3 115.8 112.5 111.4 108.3 110.2 106.9 115.6
2002 Q4 116.1 112.3 111.9 108.4 110.5 107.1 115.8
2003 Q1 115.9 112.6 111.5 108.9 110.1 106.4 116.2
2003 Q2 116.7 112.0 111.8 108.6 110.1 105.8 116.4
2003 Q3 118.9 112.1 112.6 109.9 110.5 106.3 117.1
2003 Q4 119.3 112.1 114.5 110.2 111.2 106.2 117.8
2004 Q1 120.4 112.5 115.8 111.0 111.4 106.2 118.9
2004 Q2 121.1 113.3 115.1 111.7 111.4 105.3 119.6
2004 Q3 121.6 113.9 115.0 111.8 111.2 106.3 120.0
2004 Q4 122.2 114.0 115.4 112.4 111.1 104.7 120.3
2005 Q1 123.1 114.5 116.7 112.9 112.1 104.3 120.1
2005 Q2 123.2 114.9 112.0 120.7
Sources: US Survey of Current Business, UK Economic Trends, OECD
Quarterly National Accounts.
(a) Per cent of OECD gross product in 1994 prices and 1994 purchasing
power parities. (b) GDP divided by total civilian employment.
Table 14. Unemployment in industrial countries and OECD
Seasonally adjusted, per cent of total labour force
By national definitions
US Canada Japan France Germany Italy UK
2001 4.8 7.2 5.1 8.7 7.4 9.1 3.2
2002 5.8 7.6 5.4 9.1 8.2 8.6 3.1
2003 6.0 7.6 5.2 9.8 9.1 8.4 3.0
2004 5.5 7.2 4.7 10.0 9.5 8.1 2.7
2001 Q1 4.2 7.0 4.8 8.7 7.2 9.4 3.3
2001 Q2 4.4 7.1 4.9 8.6 7.3 9.1 3.2
2001 Q3 4.8 7.2 5.1 8.7 7.5 9.1 3.1
2001 Q4 5.5 7.7 5.4 8.8 7.7 8.9 3.1
2002 Q1 5.7 7.9 5.3 8.9 7.8 8.6 3.1
2002 Q2 5.8 7.6 5.4 9.0 8.1 8.7 3.1
2002 Q3 5.7 7.6 5.4 9.1 8.3 8.6 3.1
2002 Q4 5.9 7.5 5.4 9.3 8.5 8.5 3.0
2003 Q1 5.8 7.5 5.4 9.5 8.8 8.6 3.0
2003 Q2 6.1 7.7 5.4 9.7 9.0 8.5 3.0
2003 Q3 6.1 7.8 5.1 9.9 9.1 8.3 3.0
2003 Q4 5.9 7.5 5.0 10.0 9.4 8.2 2.9
2004 Q1 5.6 7.3 4.9 10.0 9.4 8.2 2.8
2004 Q2 5.6 7.2 4.6 10.0 9.5 8.1 2.8
2004 Q3 5.5 7.1 4.8 10.0 9.7 7.9 2.7
2004 Q4 5.4 7.1 4.6 10.0 9.6 8.0 2.7
2005 Q1 5.3 7.0 4.6 10.1 9.7 7.8 2.6
2005 Q2 5.1 6.8 4.3 10.2 9.6 2.7
Standardised (a)
OECD
US Canada Japan France Germany Italy UK total
2001 4.8 7.2 5.0 8.4 7.4 9.1 5.1 6.4
2002 5.8 7.7 5.4 8.9 8.2 8.6 5.2 6.9
2003 6.0 7.6 5.3 9.4 9.1 8.4 5.0 7.1
2004 5.5 7.2 4.7 9.7 9.5 8.1 4.8 6.9
2001 Q1 4.2 7.0 4.8 8.5 7.2 9.4 5.1 6.2
2001 Q2 4.4 7.1 4.9 8.4 7.3 9.1 5.0 6.2
2001 Q3 4.8 7.2 5.1 8.3 7.5 9.1 5.1 6.5
2001 Q4 5.6 7.7 5.4 8.4 7.7 8.9 5.2 6.8
2002 Q1 5.7 7.9 5.3 8.6 7.8 8.6 5.2 6.8
2002 Q2 5.8 7.7 5.4 8.9 8.1 8.7 5.2 6.9
2002 Q3 5.7 7.6 5.4 9.1 8.3 8.6 5.3 6.9
2002 Q4 5.9 7.6 5.4 9.1 8.5 8.5 5.1 7.0
2003 Q1 5.8 7.4 5.4 9.2 8.8 8.6 5.1 7.0
2003 Q2 6.1 7.7 5.4 9.4 9.0 8.5 4.9 7.1
2003 Q3 6.1 7.8 5.2 9.5 9.1 8.3 5.0 7.1
2003 Q4 5.8 7.5 5.1 9.7 9.4 8.2 4.9 7.1
2004 Q1 5.6 7.3 4.9 9.6 9.4 8.2 4.8 7.0
2004 Q2 5.6 7.2 4.6 9.6 9.5 8.1 4.8 6.9
2004 Q3 5.5 7.1 4.8 9.7 9.7 7.9 4.7 6.9
2004 Q4 5.4 7.1 4.6 9.7 9.6 8.0 4.7 6.8
2005 Q1 5.3 7.0 4.6 9.8 9.7 7.8 4.7 6.7
2005 Q2 5.1 6.8 4.3 9.7 9.6 4.8 6.6
(a) US, Canada, Japan: OECD standardised definitions; France, Germany,
Italy, UK: Eurostat standardised definitions.
Table 15. Earnings and prices in OECD
Index numbers, 1994=100, seasonally adjusted
Average earnings (whole economy) (a)
US Canada Japan France Germany UK
2001 128.9 122.3 98.9 115.5 112.2 135.9
2002 133.6 124.0 97.2 118.7 113.8 141.3
2003 139.0 126.6 96.7 121.8 115.5 147.8
2004 145.4 129.6 95.4 125.3 114.8 154.3
2001 Q1 128.3 121.8 99.2 114.2 111.5 134.7
2001 Q2 128.6 122.1 100.0 115.1 112.1 135.5
2001 Q3 128.9 122.4 98.6 116.1 112.2 136.3
2001 Q4 129.7 122.9 97.9 116.8 113.0 137.2
2002 Q1 132.0 123.4 98.4 117.7 112.8 138.3
2002 Q2 133.6 123.4 98.3 118.5 113.4 140.6
2002 Q3 134.2 123.9 95.6 119.0 114.4 142.5
2002 Q4 134.6 125.3 96.7 119.6 114.7 144.0
2003 Q1 136.5 125.7 97.2 120.5 115.0 145.4
2003 Q2 138.4 126.0 99.0 121.3 115.2 146.6
2003 Q3 140.0 127.1 94.5 122.5 116.0 149.1
2003 Q4 141.2 127.5 96.0 123.0 115.6 150.2
2004 Q1 143.0 128.3 93.3 124.3 116.6 152.4
2004 Q2 143.7 129.3 98.2 124.9 114.5 153.0
2004 Q3 145.9 130.1 93.8 125.7 114.3 154.7
2004 Q4 149.0 130.8 96.3 126.5 113.7 156.9
2005 Q1 150.7 132.4 92.9 127.0 113.8 158.9
2005 Q2 152.2 133.8 159.8
Consumer prices (b)
OECD
US Canada Japan France Germany Italy UK total
2001 113.9 112.0 98.4 108.4 107.3 124.9 118.2 125.4
2002 115.5 114.2 97.3 109.5 108.6 128.7 119.9 127.9
2003 117.7 116.1 96.5 110.8 110.2 132.0 122.3 130.3
2004 120.7 117.7 96.0 112.5 111.8 134.9 123.9 132.5
2001 Q1 113.2 111.1 99.0 107.7 106.6 123.6 117.1 124.0
2001 Q2 113.9 112.3 98.7 108.5 107.1 124.7 118.0 125.4
2001 Q3 114.1 112.4 98.3 108.7 107.5 125.2 118.7 126.0
2001 Q4 114.3 112.2 97.8 108.7 108.0 126.0 118.8 126.2
2002 Q1 114.5 112.8 97.6 109.2 108.2 127.5 119.5 127.0
2002 Q2 115.3 113.9 97.4 109.4 108.4 128.5 119.7 127.7
2002 Q3 115.8 114.8 97.2 109.7 108.6 129.0 119.9 128.1
2002 Q4 116.3 115.5 97.0 109.9 109.0 129.9 120.6 128.7
2003 Q1 117.2 116.2 96.8 110.4 110.0 130.9 121.5 129.7
2003 Q2 117.4 115.8 96.7 110.4 109.9 131.5 121.8 129.8
2003 Q3 117.9 116.3 96.6 110.9 110.3 132.3 122.6 130.5
2003 Q4 118.3 116.2 96.2 111.4 110.7 133.1 123.1 130.9
2004 Q1 119.4 116.8 96.1 111.7 111.0 133.9 123.4 131.5
2004 Q2 120.6 117.8 96.0 112.4 111.7 134.8 123.5 132.3
2004 Q3 121.0 118.0 96.0 112.7 112.0 135.3 123.9 132.8
2004 Q4 121.9 118.4 96.0 113.1 112.3 135.7 124.6 133.3
2005 Q1 122.6 118.7 95.7 113.2 112.4 136.3 125.3 134.0
2005 Q2 123.6 119.3 95.6 113.6 112.8 137.2 125.9
Sources: US Survey of Current Business, Canada National Income and
Expenditure Accounts, Germany Deutsche Bundesbank, France INSEE,
UK Economic Trends, Japan OECD Quarterly National Accounts.
(a) Compensation of employees in employment, including various employer
insurance payments, divided by employees in employment. (b) Deflator
for consumers' expenditure.
Table 16. Volume of exports (a)
Seasonally adjusted
Index numbers, 1994=100
World (b) US Canada Japan France Germany Italy UK
2001 164 147 158 129 162 175 139 155
2002 170 143 160 138 165 183 135 156
2003 178 146 157 151 162 187 132 157
2004 192 158 164 172 165 202 136 164
2001 Q1 167 155 162 135 166 174 145 159
2001 Q2 164 150 160 130 162 174 140 157
2001 Q3 162 143 156 127 163 174 136 152
2001 Q4 162 139 157 124 158 178 136 153
2002 Q1 165 141 159 131 162 178 134 153
2002 Q2 169 144 158 139 166 181 134 159
2002 Q3 171 145 162 139 166 185 135 158
2002 Q4 173 144 160 144 165 187 135 152
2003 Q1 175 143 158 146 162 185 132 162
2003 Q2 175 142 154 146 160 181 128 156
2003 Q3 179 146 155 151 161 190 135 155
2003 Q4 183 153 160 159 163 192 133 157
2004 Q1 186 155 160 167 163 198 131 161
2004 Q2 191 157 167 173 165 204 136 163
2004 Q3 194 159 166 174 165 203 142 164
2004 Q4 197 162 165 176 167 204 136 166
2005 Q1 198 165 167 176 166 209 129 165
2005 Q2 170 167 181 168 212 136 172
Relative export performance (c)
US Canada Japan France Germany Italy UK
2001 89 97 79 99 107 85 95
2002 85 94 81 97 108 79 92
2003 82 88 85 91 105 74 89
2004 82 86 90 86 105 71 85
2001 Q1 93 97 81 99 104 86 95
2001 Q2 91 97 79 99 106 85 96
2001 Q3 88 96 78 100 107 83 94
2001 Q4 86 97 77 98 110 84 94
2002 Q1 85 97 79 98 108 81 93
2002 Q2 85 94 82 98 107 79 94
2002 Q3 85 95 81 97 108 79 92
2002 Q4 83 92 83 96 108 78 88
2003 Q1 82 90 84 93 106 76 93
2003 Q2 81 88 84 92 103 73 89
2003 Q3 82 87 85 90 106 75 87
2003 Q4 83 87 87 89 104 73 86
2004 Q1 83 86 90 88 106 70 86
2004 Q2 82 88 90 86 107 71 85
2004 Q3 82 86 90 85 105 73 85
2004 Q4 82 84 89 85 104 69 84
2005 Q1 83 84 89 84 106 65 83
2005 Q2
Sources: World UN Monthly Bulletin of Statistics, US Survey of Current
Business, Japan Bank of Japan Monthly Statistics, Germany Deutsche
Bundesbank, France INSEE, UK Economic Trends, Italy IMF International
Financial Statistics, Canada National Income and Expenditure Accounts.
(a) Goods and services. (b) Average of world exports and imports.
(c) Export volume relative to world trade.
Table 17. Current balances and interest rates
US Canada Japan France Germany UK OPEC LDCs
2001 -389 16 88 29 3 -32 38 45
2002 -475 13 112 11 46 -25 23 97
2003 -520 13 137 12 53 -28 57
2004 -668 22 172 -5 103 -43 123
2001 Q1 -108 7 22 9 -5 -7 13 14
2001 Q2 -98 5 18 4 -2 -8 10 33
2001 Q3 -93 2 21 8 3 -8 10 -4
2001 Q4 -91 2 27 8 7 -9 4 2
2002 Q1 -110 5 28 4 7 -7 2 18
2002 Q2 -119 4 29 1 9 -7 5 41
2002 Q3 -120 3 27 4 16 -4 7 10
2002 Q4 -126 2 28 3 14 -7 9 28
2003 Q1 -137 3 28 6 6 -1 17
2003 Q2 -129 2 33 0 10 -7 12
2003 Q3 -129 4 37 4 19 -9 13
2003 Q4 -125 4 40 2 19 -10 15
2004 Q1 -146 5 43 4 23 -9 20
2004 Q2 -167 7 43 -5 32 -10 27
2004 Q3 -167 5 43 -1 23 -16 37
2004 Q4 -188 4 44 -3 25 -8 38
2005 Q1 -199 3 43 29 -14 44
2005 Q2 -196 4 40 32 -6
US Canada Japan France Germany Italy UK
2001 3.7 3.9 0.1 4.3 4.3 4.3 5.0
2002 1.7 2.6 0.1 3.3 3.3 3.3 4.0
2003 1.2 2.9 0.0 2.3 2.3 2.3 3.7
2004 1.6 2.2 0.0 2.1 2.1 2.1 4.6
2001 Q1 5.3 5.0 0.4 4.8 4.8 4.8 5.7
2001 Q2 4.1 4.4 0.0 4.6 4.6 4.6 5.2
2001 Q3 3.3 3.8 0.0 4.3 4.3 4.3 4.9
2001 Q4 2.1 2.3 0.0 3.4 3.4 3.4 4.1
2002 Q1 1.8 2.1 0.1 3.4 3.4 3.4 4.0
2002 Q2 1.8 2.5 0.0 3.4 3.4 3.4 4.1
2002 Q3 1.8 2.8 0.0 3.4 3.4 3.4 4.0
2002 Q4 1.5 2.8 0.0 3.1 3.1 3.1 3.9
2003 Q1 1.3 2.9 0.0 2.7 2.7 2.7 3.8
2003 Q2 1.2 3.2 0.0 2.4 2.4 2.4 3.6
2003 Q3 1.1 2.8 0.0 2.1 2.1 2.1 3.5
2003 Q4 1.1 2.7 0.0 2.2 2.2 2.2 3.9
2004 Q1 1.0 2.2 0.0 2.1 2.1 2.1 4.1
2004 Q2 1.3 2.0 0.0 2.1 2.1 2.1 4.5
2004 Q3 1.7 2.2 0.0 2.1 2.1 2.1 4.9
2004 Q4 2.3 2.5 0.0 2.2 2.2 2.2 4.8
2005 Q1 2.8 2.5 0.0 2.1 2.1 2.1 4.9
2005 Q2 3.2 2.5 0.0 2.1 2.1 2.1 4.8
Sources: US, Canada, Japan, Germany, France as Table 16, IMF
International Financial Statistics.
(a) US and Japan: certificates of deposit; Germany and France:
interbank deposit rate; Italy: 3-month treasury bill rate; Canada:
90 day deposit receipts; UK: 3-month interbank rate.
Table 18. Volume of imports (a)
Index numbers, 1994=100
Worlds
(b) US Canada Japan France Germany Italy UK
2001 164 183 148 134 162 159 149 171
2002 170 189 150 136 164 157 148 179
2003 178 198 156 141 166 165 150 182
2004 192 219 169 153 176 175 154 193
2001 Q1 167 190 151 139 164 161 153 172
2001 Q2 164 184 150 136 163 161 151 171
2001 Q3 162 179 147 133 161 159 146 171
2001 Q4 162 177 143 129 159 156 145 171
2002 Q1 165 182 143 130 163 153 145 175
2002 Q2 169 188 150 135 164 156 147 181
2002 Q3 171 191 153 138 165 158 147 181
2002 Q4 173 195 153 140 164 160 153 179
2003 Q1 175 193 153 141 165 165 150 184
2003 Q2 175 195 155 138 165 163 148 179
2003 Q3 179 197 154 141 166 163 151 181
2003 Q4 183 205 161 143 169 167 151 186
2004 Q1 186 211 162 149 170 170 151 187
2004 Q2 191 218 166 152 175 173 154 192
2004 Q3 194 220 171 155 179 177 155 195
2004 Q4 197 226 175 158 181 178 156 198
2005 Q1 198 230 179 159 182 177 151 197
2005 Q2 231 178 162 185 181 158 201
Volume relative to domestic demand (c)
US Canada Japan France Germany Italy UK
2001 141 119 123 136 143 128 135
2002 143 117 125 136 144 126 136
2003 145 118 129 135 151 126 135
2004 153 122 138 139 160 128 138
2001 Q1 147 122 126 138 144 132 136
2001 Q2 142 121 124 137 144 130 135
2001 Q3 139 118 122 135 143 125 134
2001 Q4 137 114 119 134 142 124 133
2002 Q1 139 114 122 136 141 124 135
2002 Q2 143 118 125 136 143 125 139
2002 Q3 144 119 127 136 145 125 138
2002 Q4 146 118 128 136 147 128 134
2003 Q1 145 118 131 135 151 126 138
2003 Q2 144 117 127 135 148 124 134
2003 Q3 144 115 129 135 151 126 133
2003 Q4 148 120 130 137 153 127 135
2004 Q1 150 119 133 136 155 125 135
2004 Q2 153 121 137 139 159 128 138
2004 Q3 154 124 140 141 161 130 139
2004 Q4 156 125 143 141 162 129 141
2005 Q1 158 126 141 141 162 125 139
2005 Q2 157 124 143 143 165 142
Sources: World UN Monthly Bulletin of Statistics, US Survey of Current
Business, Japan Bank of Japan Monthly Statistics, Germany Deutsche
Bundesbank, France INSEE, UK Economic Trends, Italy IMF International
Financial Statistics, Canada National Income and Expenditure Accounts.
(a) Goods and services. (b) Average of world exports and imports.
(c) Import volume divided by domestic demand.
Table 19. Competitiveness and commodity prices
Index numbers, 2000=100
Export price of manufactures, 2000=100
World (b) Relative to world price (b)
US Canada Japan France Germany Italy UK
2001 96.8 102.9 100.3 92.8 100.1 101.1 103.5 97.4
2002 98.0 101.4 96.0 88.2 102.5 105.4 109.5 100.9
2003 107.7 94.1 96.6 83.7 111.7 113.9 120.1 101.3
2004 118.0 89.0 97.0 80.5 113.5 114.3 125.2 102.6
2001 Q1 99.1 101.2 103.2 93.8 101.3 102.5 103.1 98.4
2001 Q2 96.9 103.1 102.8 91.7 97.7 98.9 101.1 97.6
2001 Q3 96.0 103.6 99.9 92.9 100.6 100.0 104.4 95.6
2001 Q4 95.2 103.6 95.5 92.8 100.8 103.0 105.4 98.0
2002 Q1 94.1 104.5 96.7 88.8 99.3 102.4 105.8 100.1
2002 Q2 96.7 102.4 98.2 88.1 101.3 104.0 107.7 100.1
2002 Q3 100.0 99.7 94.5 88.3 104.6 107.4 111.6 101.7
2002 Q4 101.1 98.8 94.7 87.6 104.6 107.8 112.9 101.7
2003 Q1 105.2 95.9 96.1 84.3 109.3 111.8 117.7 101.4
2003 Q2 107.1 94.4 96.5 83.0 112.5 115.3 120.5 101.2
2003 Q3 107.5 94.2 97.4 83.0 110.9 113.0 119.2 100.7
2003 Q4 111.2 91.9 96.5 84.5 114.2 115.5 122.9 102.0
2004 Q1 115.1 90.0 95.1 82.5 116.1 117.6 126.7 104.5
2004 Q2 115.5 90.7 95.7 80.4 111.9 113.0 123.4 102.6
2004 Q3 118.3 88.9 97.7 79.4 111.4 112.2 123.5 101.5
2004 Q4 123.0 86.3 99.4 79.6 114.4 114.3 127.2 101.7
2005 Q1
2005 Q2
Commodity prices
Oil (c) Agri- Minerals,
OPEC cultural ores and
average Developed Developing non-food (d) metals (d)
2001 24.3 100.2 83.9 95.1 90.2
2002 25.0 103.6 97.7 96.7 87.7
2003 28.9 109.0 102.5 100.3 98.4
2004 37.8 124.5 105.6 105.8 133.9
2001 Q1 26.1 100.3 90.5 98.9 97.0
2001 Q2 26.7 100.5 85.5 102.9 93.9
2001 Q3 25.2 103.7 79.7 92.8 86.3
2001 Q4 19.3 96.1 79.8 85.7 83.6
2002 Q1 20.9 97.4 90.3 88.4 88.0
2002 Q2 25.2 99.8 92.5 94.2 88.8
2002 Q3 26.9 108.2 100.3 101.5 86.1
2002 Q4 26.7 108.9 107.7 102.8 88.0
2003 Q1 31.3 107.7 111.8 100.3 93.5
2003 Q2 26.5 106.7 101.6 98.1 93.0
2003 Q3 28.4 105.5 98.7 100.2 97.9
2003 Q4 29.4 115.8 97.9 102.9 109.3
2004 Q1 32.1 126.1 104.6 105.3 130.0
2004 Q2 35.6 132.9 100.1 106.2 130.2
2004 Q3 40.5 122.3 106.3 107.8 133.8
2004 Q4 42.7 116.7 111.4 104.2 141.9
2005 Q1 46.1 123.5 133.4 106.1 153.2
2005 Q2 125.1 135.0 106.9 163.5
Sources: UN Monthly Bulletin of Statistics, IMF International Financial
Statistics.
(a) In US $. (b) Weighted by export competitiveness. (c) US $ per
barrel. (d) IMF indices.
Table 20. Exchange rates (a)
SDR Euro Gold (b) UK Canada Japan
[pounds C$ Yen
sterling]
US$ per unit Units per US$
2001 1.270 0.895 271 1.44 1.55 121
2002 1.303 0.944 310 1.50 1.57 125
2003 1.412 1.130 364 1.63 1.40 116
2004 1.486 1.243 409 1.83 1.30 108
2001 Q1 1.280 0.923 264 1.46 1.53 118
2001 Q2 1.250 0.873 268 1.42 1.54 123
2001 Q3 1.286 0.890 275 1.44 1.55 122
2001 Q4 1.263 0.895 278 1.44 1.58 124
2002 Q1 1.250 0.876 290 1.43 1.59 132
2002 Q2 1.301 0.918 313 1.46 1.55 127
2002 Q3 1.322 0.984 314 1.55 1.56 119
2002 Q4 1.340 0.997 323 1.57 1.57 122
2003 Q1 1.370 1.073 352 1.60 1.51 119
2003 Q2 1.415 1.135 347 1.62 1.40 119
2003 Q3 1.396 1.124 363 1.61 1.38 117
2003 Q4 1.467 1.189 392 1.71 1.32 109
2004 Q1 1.473 1.250 408 1.84 1.32 107
2004 Q2 1.466 1.204 393 1.81 1.36 110
2004 Q3 1.464 1.222 401 1.82 1.31 110
2004 Q4 1.540 1.294 434 1.86 1.22 106
2005 Q1 1.525 1.315 427 1.89 1.23 104
2005 Q2 1.467 1.259 427 1.86 1.24 108
Effective rates (c)
UK US Germany Japan
IMF index
2001 117.7 122.4 91.2 95.5
2002 118.2 120.5 92.5 90.5
2003 112.3 105.7 97.3 90.1
2004 116.9 97.0 98.9 91.9
2001 Q1 116.4 119.4 91.9 97.0
2001 Q2 118.3 123.9 90.6 95.6
2001 Q3 118.1 122.7 91.1 95.6
2001 Q4 118.1 123.5 91.3 94.0
2002 Q1 118.9 126.8 91.0 88.4
2002 Q2 117.4 122.0 91.9 90.1
2002 Q3 118.0 116.6 93.3 93.3
2002 Q4 118.5 116.4 93.9 90.0
2003 Q1 114.6 110.9 95.8 90.0
2003 Q2 111.1 106.0 97.7 88.0
2003 Q3 111.2 105.9 97.4 89.0
2003 Q4 112.4 99.8 98.2 93.3
2004 Q1 116.9 96.8 99.2 92.4
2004 Q2 118.1 99.9 98.1 92.0
2004 Q3 117.6 98.3 98.5 91.1
2004 Q4 115.1 93.0 99.9 91.9
2005 Q1 115.7 92.4 100.1 92.6
2005 Q2 117.1 95.0 99.1 91.5
Sources: Financial Times, IMF International Financial Statistics.
(a) Average of daily spot rates. (b) Average of free market closing
rate in London. (c) IMF nominal effective exchange rate index,
rescaled to 1994=100. Weighted by trade in manufactured goods in
1989-91.
In addition, make sure to read these articles:
- Profile of the economy
- Profile of the economy
- Profile of the Economy
- Unemployment in industrial countries and OECD.
- Unemployment in industrial countries and OECD.
- Unemployment in industrial countries and OECD. (Statistical Appendix).
- Unemployment in industrial countries and OECD.
- Earnings and prices in OECD.
- Gross product and productivity in industrial countries and OECD.
- Volume of exports.
- Earnings and prices in OECD. (Statistical Appendix).
- Earnings and prices in OECD.
- Earnings and prices in OECD.
- Gross product and productivity in industrial countries and OECD.
- Earnings and prices in OECD.
IMAGE GRAPH 2 Growth of Real GDP (Percent change, fourth quarter to fourth quarter) [Source: Office of Macroeconomic Analysis] Real gross domestic product (GDP) Real ......
Real gross domestic product (GDP) Growth in real GDP strengthened to a 2.0 percent annual rate in the first quarter of 2001, according to the ......
[Source; Office of Macroeconoinic Analysis] ...
Unemployment in industrial countries and OECD Seasonally adjusted, per cent of total labour force By national definitions US Canada Japan France Germany Italy UK 1993 ......
Unemployment in industrial countries and OECD Seasonally adjusted, per cent of total labour force By national Standardised [a] definitions US Canada Japan France Germany Italy ......
Table 14 Unemployment in industrial countries and OECD Seasonally adjusted, per cent of total labour force By national definitions US Canada Japan France Germany 1995 ......
Unemployment in industrial countries and OECD Seasonally adjusted, per cent of total labour force By national definitions US Canada Japan France Germany 1995 5.6 9.4 ......
Earnings and prices in OECD Index numbers, 1994=100, seasonally adjusted Average earnings (whole economy) [a] US Canada Japan France Germany [b] UK 1992 96.7 98.2 ......
Gross product and productivity in industrial countries and OECD Seasonally adjusted, Index numbers, 1994=100 Gross domestic product US Canada Japan France Germany [b] Italy UK ......
Volume of exports [a] Seasonally adjusted Index numbers, 1994=100 World [b] US Canada Japan France Germany Italy UK 1993 90 91 88 98 91 92 ......
Table 15 Earnings and prices in OECD Index numbers, 1994=100, seasonally adjusted Average earnings (whole economy) (a) US Canada Japan France Germany 1995 102.0 101.7 ......
Earnings and prices in OECD Index numbers, 1994=100, seasonally adjusted Average earnings Consumer (whole economy) [a] Price [b] US Canada Japan France Germany UK US ......
Earnings and prices in OECD Index numbers, 1994 = 100, seasonally adjusted Average earnings (whole economy) [a] US Canada Japan France Germany UK 1994 100.0 ......
Gross product and productivity in industrial countries and OECD Seasonally adjusted, Index numbers, l994=100 Gross domestic product US Canada Japan France Germany Italy UK OECD ......
Earnings and prices in OECD Index numbers, 1994=100, seasonally adjusted Average earnings (whole economy) [a] US Canada Japan France Germany UK 1995 102.9 102.1 101.1 ......
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