Statistical appendix.
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
billion [pounds sterling] prices, seasonally adjusted
Final consumption Gross capital
expenditure formation
Households General Gross Change in
& NPISH (a) gov't fixed in- inven-
vestment (10) tories
2001 670.1 202.0 167.6 6.6
2002 693.4 211.0 172.6 3.1
2003 711.1 220.4 172.6 4.6
2004 736.7 227.2 181.0 5.1
2001 Q1 165.5 50.0 42.0 1.0
2001 Q2 166.6 49.8 42.2 1.6
2001 Q3 168.4 50.7 42.2 1.7
2001 Q4 169.6 51.4 41.1 2.3
2002 Q1 171.6 52.7 41.7 1.3
2002 Q2 172.8 52.2 42.9 0.5
2002 Q3 173.9 52.9 43.6 0.6
2002 Q4 175.0 53.2 44.4 0.9
2003 Q1 175.6 53.9 43.2 0.1
2003 Q2 177.7 54.6 42.8 -0.3
2003 Q3 178.5 55.5 42.5 2.3
2003 Q4 179.3 56.4 44.0 2.5
2004 Q1 181.7 56.6 44.4 1.3
2004 Q2 184.0 56.7 45.1 1.0
2004 Q3 185.0 56.8 45.8 0.9
2004 Q4 186.1 57.0 45.7 1.9
2005 Q1 186.3 57.4 45.8 1.8
Domestic Total Gross Total GDP
demand exports final imports at
expendi- market
ture prices
2001 1046.4 274.3 1320.8 293.2 1027.9
2002 1080.0 274.9 1355.0 306.5 1048.5
2003 1108.7 278.2 1386.8 312.0 1074.9
2004 1150.1 287.7 1437.8 328.8 1109.6
2001 Q1 258.6 70.1 328.8 73.4 255.5
2001 Q2 260.3 69.4 329.7 73.4 256.4
2001 Q3 263.1 67.3 330.4 73.2 257.3
2001 Q4 264.4 67.4 331.8 73.2 258.7
2002 Q1 267.1 67.6 334.8 74.8 260.0
2002 Q2 268.5 70.4 338.9 77.5 261.4
2002 Q3 270.9 69.9 340.8 77.7 263.1
2002 Q4 273.5 67.0 340.5 76.5 264.0
2003 Q1 272.9 71.4 344.3 78.6 265.7
2003 Q2 274.8 68.7 343.6 76.4 267.1
2003 Q3 278.7 68.5 347.2 77.4 269.8
2003 Q4 282.2 69.5 351.8 79.5 272.2
2004 Q1 284.0 70.9 354.9 80.2 274.8
2004 Q2 286.8 71.9 358.7 81.7 277.1
2004 Q3 288.5 72.1 360.6 82.7 278.1
2004 Q4 290.7 72.9 363.6 84.2 279.6
2005 Q1 291.4 72.3 363.7 83.1 280.7
Adjust- Gross Indices of goods domestic
ment to value products (2002 = 100)
basic added
prices at basic From From From
prices output expen- income
diture
2001 112.6 915.4 98.3 98.3 98.3
2002 117.7 930.8 100.0 100.0 100.0
2003 120.9 954.0 102.5 102.5 102.5
2004 126.2 983.4 105.7 105.6 105.6
2001 Q1 27.7 227.8 97.9 97.9 97.9
2001 Q2 27.9 228.5 98.2 98.2 98.2
2001 Q3 28.3 229.0 98.4 98.4 98.4
2001 Q4 28.7 230.0 98.8 98.8 98.8
2002 Q1 29.0 231.0 99.3 99.3 99.3
2002 Q2 29.4 232.0 99.7 99.7 99.7
2002 Q3 29.6 233.5 100.3 100.3 100.3
2002 Q4 29.7 234.4 100.7 100.7 100.7
2003 Q1 29.8 235.9 101.4 101.4 101.4
2003 Q2 30.2 237.0 101.8 101.8 101.8
2003 Q3 30.4 239.4 102.9 102.9 102.9
2003 Q4 30.6 241.7 103.9 103.9 103.9
2004 Q1 31.0 243.8 104.8 104.7 104.7
2004 Q2 31.5 245.5 105.5 105.5 105.5
2004 Q3 31.7 246.4 105.9 105.8 105.8
2004 Q4 32.0 247.6 106.4 106.3 106.3
2005 Q1 32.1 248.6 106.8 106.8 106.7
(a) Non-profit institutions serving households. (b) Includes
acquisitions less disposals of valuables.
Source: Economic Trends, Quarterly National Accounts Supplement.
Table 2. Output volumes
Seasonally adjusted 2002=100
GDP at basic prices Production industries Service
industries
Average Non-oil Manufac- Oil and Distrib-
estimate estimate curing gas (a) ution
2001 98.3 98.3 103.2 101.3 95.6
2002 100.0 100.0 100.0 100.0 100.0
2003 102.5 102.7 100.0 94.4 103.5
2004 105.7 106.1 102.0 86.4 108.6
2001 Q1 97.9 97.8 105.5 100.3 94.7
2001 Q2 98.2 98.1 103.2 103.1 95.1
2001 Q3 98.4 98.3 103.1 101.7 95.7
2001 Q4 98.8 98.8 100.9 99.9 97.0
2002 Q1 99.3 99.3 100.3 99.6 98.6
2002 Q2 99.7 99.6 99.7 105.0 99.3
2002 Q3 100.3 100.4 100.7 95.2 100.4
2002 Q4 100.7 100.7 99.3 100.2 101.7
2003 Q1 101.4 101.4 99.4 99.3 101.7
2003 Q2 101.8 102.0 99.5 94.6 103.0
2003 Q3 102.9 103.1 100.2 93.2 104.1
2003 Q4 103.9 104.2 101.1 90.4 105.3
2004 Q1 104.8 105.2 101.5 89.5 107.4
2004 Q2 105.5 105.9 102.3 90.1 108.6
2004 Q3 105.9 106.4 101.7 84.5 109.2
2004 Q4 106.4 107.0 102.3 81.6 109.2
2005 Q1 106.8 107.4 101.3 81.5 109.1
Service industries Construct- Rest
ion (d)
Business Imputed Public
services (b) rent (c) services
2001 98.2 98.8 97.5 96.3 97.3
2002 100.0 100.0 100.0 100.0 100.0
2003 103.1 102.2 102.1 105.2 104.7
2004 108.9 104.1 104.9 108.8 105.8
2001 Q1 96.0 98.1 96.5 95.5 98.3
2001 Q2 98.3 98.7 97.1 95.8 97.6
2001 Q3 98.5 99.2 97.7 96.4 96.7
2001 Q4 100.0 99.3 98.6 97.6 96.8
2002 Q1 99.0 99.4 99.2 99.2 99.5
2002 Q2 99.7 99.7 99.8 98.8 99.5
2002 Q3 100.9 100.0 100.2 100.4 100.0
2002 Q4 100.5 100.8 100.7 101.7 101.1
2003 Q1 101.9 101.5 101.0 102.0 103.8
2003 Q2 101.8 101.8 101.6 104.0 104.0
2003 Q3 103.2 102.3 102.5 107.1 105.5
2003 Q4 105.5 103.2 103.4 107.7 105.4
2004 Q1 107.4 103.7 104.0 108.0 105.1
2004 Q2 107.8 104.0 105.0 108.2 105.4
2004 Q3 109.8 104.1 105.1 109.1 106.0
2004 Q4 110.5 104.7 105.7 110.1 106.8
2005 Q1 112.0 104.9 106.6 110.8 107.1
(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.
Source: Economic Trends, Quarterly National Accounts Supplement.
Table 3. Monthly economic indicators
Seasonally adjusted
GDP (a)(b) Industrial Manu- Retail
production (a) facturing sales (a)
output
Dec. 2002 101.1 99.8 99.3 116.9
Jan. 2003 100.9 99.1 99.1 113.8
Feb. 2003 101.6 99.7 99.4 114.4
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 104.5 100.1 101.3 120.9
Feb. 2004 104.6 99.7 100.9 121.1
March 2004 105.4 100.9 102.3 122.3
April 2004 105.3 100.9 102.3 122.9
May 2004 105.7 100.8 102.3 123.9
June 2004 106.1 101.1 102.3 124.9
July 2004 105.8 100.2 101.5 123.8
August 2004 106.1 99.7 101.5 124.8
Sept 2004 106.4 99.7 102.0 126.0
Oct 2004 106.2 99.1 101.3 125.1
Nov. 2004 107.0 100.4 102.6 125.8
Dec. 2004 106.9 100.7 102.9 124.0
Jan. 2005 107.1 99.6 102.1 125.2
Feb. 2005 107.4 99.6 101.9 125.2
March 2005 106.9 98.3 100.0 124.8
April 2005 107.4 98.6 100.5 125.4
May 2005 107.4 98.9 100.6 125.5
June 2005 107.4
Unemploy- PSNCR Consumer 3-month
ment rate m [pounds sterling] price interbank
% (c) index rate
Dec. 2002 3.0 12023 1.7 3.96
Jan. 2003 3.0 -11655 1.4 3.91
Feb. 2003 3.0 -135 1.6 3.64
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 13588 1.9 4.93
April 2005 2.7 -1678 1.9 4.88
May 2005 2.7 5189 1.9 4.81
June 2005 2.8 2.0 4.73
20-year Effective M4
gilt rate exchange m [pounds sterling]
%p.a. (c) % p.a. (c)(d) (a)(c)
Dec. 2002 4.62 105.48 1007631
Jan. 2003 4.44 104.04 1003205
Feb. 2003 4.39 102.42 1011766
March 2003 4.54 100.60 1017812
April 2003 4.67 99.80 1028338
May 2003 4.46 97.90 1030734
June 2003 4.39 99.64 1039961
July 2003 4.65 99.40 1039108
August 2003 4.68 99.01 1038685
Sept. 2003 4.76 99.24 1051242
Oct 2003 4.88 99.82 1053751
Nov. 2003 4.95 100.42 1067834
Dec. 2003 4.83 100.29 1079727
Jan. 2004 4.75 102.38 1089796
Feb. 2004 4.78 104.84 1096452
March 2004 4.67 104.99 1099438
April 2004 4.87 105.18 1106262
May 2004 4.98 104.63 1119088
June 2004 5.00 105.80 1124762
July 2004 4.92 105.89 1134641
August 2004 4.81 105.16 1142947
Sept 2004 4.76 103.32 1147558
Oct 2004 4.68 102.17 1157869
Nov. 2004 4.58 101.73 1164507
Dec. 2004 4.44 103.15 1174151
Jan. 2005 4.44 102.10 1188280
Feb. 2005 4.53 103.29 1198472
March 2005 4.74 103.21 1211696
April 2005 4.60 104.38 1220113
May 2005 103.55 1246049
June 2005 104.92
(a) 2002=100. Constant market pr1ces. (b) See Nat1onal Institute
Economic Rev1ew, no. 161, p. 84. (c) Not seasonally adjusted. (d)
Redempt1on y1eld on not1onal zero-coupon stock.
Table 4. CBI Industrial Trends Survey: manufacturing
Investment (a)
Business Capacity Export
Survey Plant and optimism optimism
date Buildings machinery (b) (c) (b)
Jan. 2000 -18 -9 9 61 2
April 2000 -30 -21 -2 62 -10
July 2000 -30 -21 -10 56 -18
Oct 2000 -29 -18 -9 59 -6
Jan. 2001 -22 -9 -3 57 7
April 2001 -23 -7 -29 64 -16
July 2001 -23 -15 -22 67 -25
Oct 2001 -29 -28 -54 59 -53
Jan. 2002 -29 -28 -31 66 -26
April 2002 -30 -25 21 72 11
July 2002 -18 -13 4 67 4
Oct 2002 -27 -25 -19 67 -14
Jan. 2003 -28 -22 -19 74 -22
April 2003 -31 -23 -27 70 -20
July 2003 -28 -23 -13 68 -9
Oct 2003 -29 -14 -7 68 -8
Jan. 2004 -17 6 17 66 12
April 2004 -14 -1 12 65 13
July 2004 -16 0 7 54 3
Oct 2004 -26 -17 -10 54 0
Jan. 2005 -25 -19 -22 59 -6
April 2005 -24 -16 -15 60 0
Output Prices Numbers Stocks Export
Survey employed orders
date (d) (e)
Jan. 2000 11 -4 -12 8 -30
April 2000 1 -13 -13 14 -29
July 2000 3 -15 -12 12 -41
Oct 2000 3 -12 -8 10 -28
Jan. 2001 14 4 -12 9 -14
April 2001 -2 -13 -19 12 -28
July 2001 3 -16 -27 13 -35
Oct 2001 -23 -21 -25 19 -44
Jan. 2002 -13 -23 -41 19 -42
April 2002 14 -10 -23 19 -34
July 2002 9 -10 -18 11 -34
Oct 2002 8 -8 -23 16 -34
Jan. 2003 2 -12 -29 20 -38
April 2003 -10 -6 -31 21 -31
July 2003 -4 -13 -26 18 -32
Oct 2003 -4 -7 -26 23 -37
Jan. 2004 -2 1 -13 10 -27
April 2004 5 2 -10 14 -21
July 2004 21 6 -7 6 -27
Oct 2004 14 1 -15 14 -22
Jan. 2005 15 19 -17 8 -7
April 2005 12 5 -14 17 -9
Limiting factors (f)
Survey Skilled Cost of
date labour finance
Jan. 2000 13 4
April 2000 14 3
July 2000 16 3
Oct 2000 17 3
Jan. 2001 18 5
April 2001 17 3
July 2001 1S 2
Oct 2001 13 5
Jan. 2002 8 2
April 2002 9 I
July 2002 9 2
Oct 2002 10 2
Jan. 2003 9 2
April 2003 7 2
July 2003 11 2
Oct 2003 12 2
Jan. 2004 13 2
April 2004 10 I
July 2004 13 I
Oct 2004 14 3
Jan. 2005 14 2
April 2005 11 1
(a) The difference between the less.percentage of respondents expected
to authorise more expenditure over the next 12 months and those
expecting to authorise (b) Balance between those ofmore optimistic
about the business situation than 4 months previously and those less
optimistic. (c) Figures indicate percentage 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
Workforce jobs (a) UK claimant
unemployment
Employee jobs Self Trainees Total Total Rate
employ- & HM (b)
Male Female ment forces
2001 13141 12750 3522 304 29717 970 3.2
2002 13142 12866 3586 299 29893 947 3.1
2003 13221 12876 3808 308 30213 933 3.0
2004 13366 12902 3858 313 30439 854 2.7
2001 Q1 13065 12740 3508 317 29629 1000 3.3
2001 Q2 13124 12752 3522 308 29706 971 3.2
2001 Q3 13152 12759 3521 298 29730 950 3.1
2001 Q4 13222 12749 3537 295 29802 960 3.1
2002 Q1 13156 12860 3533 294 29843 953 3.1
2002 Q2 13123 12878 3566 298 29865 951 3.1
2002 Q3 13123 12866 3608 302 29899 947 3.1
2002 Q4 13167 12860 3636 302 29965 937 3.0
2003 Q1 13196 12840 3702 303 30041 939 3.0
2003 Q2 13237 12844 3778 306 30164 945 3.0
2003 Q3 13190 12917 3862 310 30279 935 3.0
2003 Q4 13260 12904 3891 313 30368 914 2.9
2004 Q1 13308 12902 3881 316 30407 886 2.8
2004 Q2 13352 12897 3866 316 30431 861 2.8
2004 Q3 13392 12875 3838 312 30417 836 2.7
2004 Q4 13411 12935 3846 308 30500 831 2.7
2005 Q1 13468 12976 3850 305 30599 821 2.6
UK claimant unemployment Per cent Average
not earnings
Duration employed
Growth rates
Per cent
Under 26 Over 26 over 26
weeks weeks weeks
2001 614 356 36.7 18.4 4.7
2002 624 322 34.1 18.4 4.0
2003 620 313 33.6 18.0 4.6
2004 564 290 34.0 4.4
2001 Q1 665 335 33.5 18.4 6.1
2001 Q2 575 396 40.8 18.3 5.6
2001 Q3 591 358 37.7 18.4 4.0
2001 Q4 626 334 34.8 18.3 3.2
2002 Q1 663 290 30.4 18.3 2.7
2002 Q2 599 351 36.9 18.4 3.8
2002 Q3 616 331 35.0 18.4 4.6
2002 Q4 620 317 33.9 18.4 5.0
2003 Q1 673 267 28.4 18.3 5.1
2003 Q2 612 334 35.3 18.0 4.3
2003 Q3 605 330 35.3 17.8 4.6
2003 Q4 592 323 35.3 17.7 4.3
2004 Q1 623 263 29.7 4.8
2004 Q2 538 324 37.6 4.4
2004 Q3 545 292 34.9 3.7
2004 Q4 550 281 33.8 4.5
2005 Q1 612 209 25.5 4.1
Produc- Unit
tivity labour
cost
Growth rates
2001 1.0 3.9
2002 1.1 2.7
2003 1.4 2.4
2004 2.3 1.9
2001 Q1 1.4 4.9
2001 Q2 1.1 4.7
2001 Q3 0.7 3.4
2001 Q4 0.8 2.5
2002 Q1 0.7 2.1
2002 Q2 1.0 2.7
2002 Q3 1.4 2.9
2002 Q4 1.4 3.2
2003 Q1 1.5 3.0
2003 Q2 1.1 2.4
2003 Q3 1.3 2.5
2003 Q4 1.8 1.6
2004 Q1 2.1 2.1
2004 Q2 2.7 1.4
2004 Q3 2.5 1.4
2004 Q4 2.0 2.7
2005 Q1 1.3 3.1
(a) Quarterly average, NIESR estimates. (b) Percentage of workforce.
Source: Labour Market Trends.
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 105.1 104.9 103.2 108.6 105.0
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 103.7 103.9 102.9 106.6 103.1
2004 Q2 104.6 104.4 103.0 106.9 105.2
2004 Q3 105.4 105.2 103.3 109.4 105.5
2004 Q4 106.6 106.2 103.9 111.5 106.2
2005 Q1 106.7 106.4 104.3 111.8 105.6
National Accounts Producer prices
deflators (a)
Exports Imports Input Output
ofgoods ofgoods prices prices
and and
services services
2001 99.7 102.7 105.1 100.1
2002 100.0 100.0 100.0 100.0
2003 100.9 100.3 99.7 101.3
2004 100.1 99.6 101.5 103.2
2001 Q1 101.9 104.2 107.9 100.2
2001 Q2 101.4 104.3 107.2 100.2
2001 Q3 97.2 102.1 104.0 100.1
2001 Q4 98.3 100.1 101.3 99.9
2002 Q1 100.4 100.8 101.0 99.6
2002 Q2 100.6 100.9 100.5 99.8
2002 Q3 99.9 99.2 99.7 100.2
2002 Q4 99.1 99.1 98.9 100.4
2003 Q1 100.1 99.8 99.3 100.8
2003 Q2 101.2 100.3 99.8 101.2
2003 Q3 101.6 100.7 99.7 101.5
2003 Q4 100.8 100.5 99.9 101.7
2004 Q1 98.7 98.3 99.1 102.3
2004 Q2 99.8 99.0 100.2 102.6
2004 Q3 100.1 100.3 102.2 103.5
2004 Q4 101.8 100.8 104.7 104.5
2005 Q1 102.3 101.1 106.8 104.7
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
(a) Excluding food, drink, tobacco and petroleum. (b) Seasonally
adjusted.
Sources: Cols. 1-2, 4-8: Economic Trends; Cols 9-14: Monthly Digest of
Statistics; Col (3): CSO Consumer Price Tables.
Table 7 Companies
million [pounds sterlign], seasonally adjusted
Operating Net Net Taxes on Social
surplus property transfers income contributions
income received
2001 198899 -55951 6519 35507 59098
2002 220813 -31960 5966 30711 64212
2003 238124 -32243 6569 31101 69602
2004 254734 -27413 6208 34301 73813
2001 Q1 48655 -16034 2333 9077 14588
2001 Q2 47142 -13281 -44 8928 14261
2001 Q3 50135 -13189 3408 8242 14561
2001 Q4 52967 -13447 822 9260 15688
2002 Q1 54463 -9602 2225 7372 15836
2002 Q2 53749 -9528 -315 8271 15460
2002 Q3 56211 -7504 3398 7674 15919
2002 Q4 56390 -5326 658 7394 16997
2003 Q1 59229 -5310 2152 7815 17775
2003 Q2 58419 -10135 94 8198 15512
2003 Q3 60509 -8865 3576 7987 17561
2003 Q4 59967 -7933 747 710 18754
2004 Q1 60550 -7131 2012 7587 19208
2004 Q2 63442 -6313 322 9691 17299
2004 Q3 64165 -9826 3351 8722 17556
2004 Q4 66577 -4143 523 8301 19750
2005 Q1 65385 -5917 1627 10114 20272
Social FISIM (a) Gross Invest-
benefits disposable ment
paid income (b)
2001 42577 33517 96964 115492
2002 46307 41207 140806 111206
2003 48029 45921 157001 107631
2004 48119 49464 175458 113086
2001 Q1 10448 9111 20906 29061
2001 Q2 10588 4517 24045 29482
2001 Q3 10739 10888 2504 28660
2001 Q4 10802 9001 26967 28289
2002 Q1 11393 11813 32344 26926
2002 Q2 11512 6282 33301 26862
2002 Q3 11643 12245 36462 28495
2002 Q4 11759 10867 38699 28923
2003 Q1 12021 13444 40566 25760
2003 Q2 11922 8698 35072 26053
2003 Q3 11940 13464 39390 27266
2003 Q4 12146 10315 41973 28552
2004 Q1 11930 12942 42180 27078
2004 Q2 12073 10236 42750 27920
2004 Q3 12076 13294 41154 28668
2004 Q4 12040 12992 49374 29420
2005 Q1 12329 14117 44807 27810
Financial balance (c) Gearing (d)
Total GDP
2001 -32688 -3.3 27.1
2002 13493 1.3 35.6
2003 30813 2.8 40.5
2004 39337 3.4 35.3
2001 Q1 -11443 -4.7 25.0
2001 Q2 -8812 -3.6 25.8
2001 Q3 -7129 -2.9 29.5
2001 Q4 -5304 -2.1 28.1
2002 Q1 1855 0.7 28.1
2002 Q2 2425 0.9 32.6
2002 Q3 3714 1.4 41.2
2002 Q4 5499 2.1 40.6
2003 Q1 10267 3.8 44.2
2003 Q2 5848 2.1 41.1
2003 Q3 6691 2.4 39.7
2003 Q4 8007 2.8 36.8
2004 Q1 9323 3.3 36.1
2004 Q2 9729 3.4 35.0
2004 Q3 6873 2.3 35.3
2004 Q4 13412 4.5 34.9
2005 Q1 11494 3.9 34.0
(a) Financial Intermediation Services Indirectly Measured (subtracted
to avoid double-counting). (b) Gross disposable income is equal to
operating surplus, net property income, includes a number ofnet
transfers and social contributions received, less taxes on income and
social benefits paid. It is also known as 'gross saving'. Net transfers
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.
Source: Economic Trends Quarterly National Accounts Supplement.
Table 8. Household sector
million [pounds sterling], seasonally adjusted
Resources
Employee
Operating Net proper- Net Social compen-
surplus ty income transfers benefits sation
2001 121085 78713 13808 178480 563358
2002 128769 65809 18156 184763 588591
2003 137247 68243 21069 195083 617641
2004 143842 66377 22034 203937 648734
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 35495 16149 5231 49944 159807
2004 Q2 35836 15887 5464 50955 160800
2004 Q3 36110 17553 6098 51200 162656
2004 Q4 36401 16788 5241 51838 165471
2005 Q1 36722 17641 5341 52232 167876
Uses
Taxes on Social con- Gross dispos- Gross Saving
income tributions able income (a) saving ratio
2001 131007 136248 688255 44352 6.3
2002 132222 143789 710144 34691 4.8
2003 135134 159813 744395 40969 5.4
2004 146529 170162 768304 33338 4.2
2001 Q1 32616 33472 169983 12161 7.0
2001 Q2 32827 33747 171359 11344 6.5
2001 Q3 32661 34213 173209 10640 6.0
2001 Q4 32903 34816 173704 10207 5.7
2002 Q1 32743 34899 174431 7468 4.2
2002 Q2 32850 35670 177530 9218 5.1
2002 Q3 33281 36515 178374 9278 5.1
2002 Q4 33348 36705 179809 8727 4.7
2003 Q1 33667 37687 182099 9343 5.0
2003 Q2 33529 39144 186656 10282 5.4
2003 Q3 33763 41530 186481 10130 5.3
2003 Q4 34175 41452 189159 11214 5.7
2004 Q1 35086 42054 189501 9186 4.7
2004 Q2 35950 41926 191098 7570 3.8
2004 Q3 37459 42480 193695 8717 4.4
2004 Q4 38034 43702 194010 7865 3.9
2005 Q1 38502 44235 197079 9895 4.8
Investment Financial
balance (b)
2001 43844 3531
2002 50092 -12525
2003 55265 -420
2004 62299 -24603
2001 Q1 10856 1723
2001 Q2 10504 2106
2001 Q3 11584 -197
2001 Q4 10900 -101
2002 Q1 11981 -3726
2002 Q2 12923 -3149
2002 Q3 12106 -2131
2002 Q4 13082 -3519
2003 Q1 12972 -2473
2003 Q2 13206 -2145
2003 Q3 14470 -3477
2003 Q4 14617 -2325
2004 Q1 15169 -4851
2004 Q2 15824 -7115
2004 Q3 15585 -5969
2004 Q4 15721 -6668
2005 Q1 16465 -4481
(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).
Source: Economic Trends Quarterly National Accounts Supplement.
Table 9. Fixed investment and inventories
Seasonally adjusted
Business investment
Manu- Non-manu- Total
facturing facturing
million [pounds sterling], 2002 prices
2001 16462 93330 109792
2002 14577 95589 110166
2003 13462 94285 107747
2004 13889 97479 111368
2001 Q1 4329 23546 27875
2001 Q2 4273 23453 27726
2001 Q3 3895 23691 27586
2001 Q4 3965 22640 26605
2002 Q1 3621 23524 27145
2002 Q2 3779 23642 27421
2002 Q3 3679 23646 27325
2002 Q4 3498 24777 28275
2003 Q1 3626 23044 26670
2003 Q2 3332 23899 27231
2003 Q3 3116 23308 26424
2003 Q4 3388 24034 27422
2004 Q1 3352 24085 27437
2004 Q2 3540 24104 27644
2004 Q3 3449 24745 28194
2004 Q4 3548 24545 28093
2005 Q1 3495 24631 28126
Housing Total
Private Public General
govt (excl.
dwellings)
million [pounds sterling], 2002 prices
2001 29195 2811 11210 167563
2002 31455 3044 12495 172558
2003 32474 3582 14428 172573
2004 35548 3318 16521 180998
2001 Q1 7312 599 2421 42007
2001 Q2 7155 736 2910 42160
2001 Q3 7522 730 2921 42249
2001 Q4 7206 746 2958 41147
2002 Q1 7295 711 3019 41651
2002 Q2 7759 637 3205 42936
2002 Q3 8104 725 3279 43562
2002 Q4 8297 971 2992 44409
2003 Q1 7831 993 3741 43232
2003 Q2 8031 804 3226 42843
2003 Q3 8237 928 3461 42459
2003 Q4 8375 857 4000 44039
2004 Q1 8762 750 3955 44425
2004 Q2 8874 847 4111 45101
2004 Q3 8900 884 4261 45780
2004 Q4 9012 837 4194 45692
2005 Q1 8914 787 5086 45811
Change in inventories
Manu- Distri- Other Total (a)
facturing bution
million [pounds sterling], 2002 prices
2001 276 1725 4568 6569
2002 -758 2229 1652 3123
2003 -727 1373 3950 4596
2004 -827 2893 3071 5137
2001 Q1 -459 436 1045 1022
2001 Q2 354 -236 1467 1585
2001 Q3 656 748 296 1700
2001 Q4 -275 777 1760 2262
2002 Q1 769 687 -205 1251
2002 Q2 -369 1922 -1103 450
2002 Q3 -37 357 230 550
2002 Q4 -1121 -737 2730 872
2003 Q1 711 336 -944 103
2003 Q2 -730 -128 573 -285
2003 Q3 -180 549 1910 2279
2003 Q4 -528 616 2411 2499
2004 Q1 -642 1087 836 1281
2004 Q2 -91 824 296 1029
2004 Q3 239 396 257 892
2004 Q4 -333 586 1682 1935
2005 Q1 648 -188 1376 1836
Stock-output ratio
Manu- Distri- Whole
acturing bution economy
2001 = 100
2001 100.0 100.0 100.0
2002 103.9 101.6 101.8
2003 102.0 99.7 101.1
2004 97.6 100.0 101.9
2001 Q1 96.8 100.2 98.6
2001 Q2 99.6 99.2 99.4
2001 Q3 100.9 100.2 100.4
2001 Q4 102.6 100.4 101.6
2002 Q1 104.6 100.2 102.0
2002 Q2 104.6 103.3 101.8
2002 Q3 103.5 102.9 101.6
2002 Q4 102.9 100.1 101.8
2003 Q1 104.1 100.8 101.2
2003 Q2 102.6 99.3 100.5
2003 Q3 101.6 99.3 101.0
2003 Q4 99.7 99.3 101.7
2004 Q1 98.1 99.4 101.7
2004 Q2 97.2 99.8 101.6
2004 Q3 98.2 100.0 101.9
2004 Q4 97.0 101.0 102.6
2005 Q1 99.2 100.8 103.4
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 4.6 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
Monetary
aggregates (d)
Asset prices M0
Equity House Total Annual
prices prices (e) growth
(d) rate
2002=100
2001 120.5 86.1 33.9 7.4
2002 100.0 100.0 36.5 7.9
2003 88.9 115.7 39.0 6.9
2004 101.2 129.4 41.5 6.3
2001 Q1 130.3 83.5 33.1 8.4
2001 Q2 125.9 85.9 33.3 6.6
2001 Q3 114.3 87.8 33.9 6.5
2001 Q4 111.6 87.2 35.1 8.0
2002 Q1 112.9 90.8 35.5 7.3
2002 Q2 110.2 97.4 36.6 10.1
2002 Q3 90.4 102.6 36.7 8.0
2002 Q4 86.5 109.2 37.2 6.1
2003 Q1 79.9 112.0 37.9 6.6
2003 Q2 86.8 114.5 38.9 6.1
2003 Q3 92.4 116.1 39.5 7.7
2003 Q4 96.6 120.2 39.9 7.3
2004 Q1 99.8 122.1 40.6 7.1
2004 Q2 100.3 128.3 41.4 6.4
2004 Q3 99.2 132.3 41.8 5.8
2004 Q4 105.5 134.9 42.2 5.8
2005 Q1 111.2 135.6 42.7 5.1
Monetary
aggregates (a) PSNCR (b)
M4
Total Annual
growth
rate
2001 923.0 7.7 -2891
2002 978.7 6.0 18227
2003 1047.1 7.0 38965
2004 1136.7 8.5 41256
2001 Q1 900.6 8.5 -12566
2001 Q2 913.9 7.6 6325
2001 Q3 936.0 8.1 -6128
2001 Q4 941.6 6.7 9478
2002 Q1 950.8 5.6 -6323
2002 Q2 967.0 5.8 7069
2002 Q3 989.4 5.7 402
2002 Q4 1007.7 7.0 17079
2003 Q1 1018.3 7.1 -413
2003 Q2 1039.4 7.5 16286
2003 Q3 1050.8 6.2 5923
2003 Q4 1080.1 7.2 17169
2004 Q1 1100.2 8.0 135
2004 Q2 1123.7 8.1 11638
2004 Q3 1147.6 9.2 7317
2004 Q4 1175.2 8.8 22166
2005 Q1 1215.2 10.5 -2578
Source: Financial Statistics, except for Col. 5: NIESR estimate.
(a) Seasonally adjusted, billion [pounds sterling]. (b) Not seasonally
adjusted, million [pounds sterling]. (c) Average. (d) FT All-share
index. (e) Department of Environment mix-adjusted series.
Table 11. UK balance of payments
Seasonally adjusted, million [pounds sterling]
Total balance of payments
Current balance Trade in goods
Total As per cent Exports Imports
of GDP
2001 -22185 -2.2 190055 230703
2002 -16487 -1.6 186511 233615
2003 -16751 -1.5 188320 236195
2004 -22975 -2.0 190859 249473
2001 Q1 -4756 -1.9 49523 58884
2001 Q2 -5467 -2.2 48329 58774
2001 Q3 -5686 -2.3 46561 56911
2001 Q4 -6276 -2.5 45642 56134
2002 Q1 -4702 -1.8 46096 57337
2002 Q2 -4988 -1.9 49284 60027
2002 Q3 -2287 -0.9 46755 58647
2002 Q4 -4510 -1.7 44376 57604
2003 Q1 -577 -0.2 48742 59494
2003 Q2 -4613 -1.7 46824 57884
2003 Q3 -5554 -2.0 46299 58564
2003 Q4 -6007 -2.1 46455 60253
2004 Q1 -4908 -1.7 46165 59695
2004 Q2 -5038 -1.7 47180 61678
2004 Q3 -8926 -3.1 48083 63211
2004 Q4 -4103 -1.4 49431 64889
2005 Q1 -5824 -2.0 49056 63946
Total balance of payments
Trade in services Balance of Net Transfers
goods & investment
Exports Imports services income
2001 82314 69098 -27432 11305 -6058
2002 87203 71626 -31527 23612 -8572
2003 91121 75510 -32264 24133 -8620
2004 95872 76754 -39496 26092 -9571
2001 Q1 21623 17370 -5108 2235 -1883
2001 Q2 21765 17418 -6098 3137 -2506
2001 Q3 18597 17493 -9246 3326 234
2001 Q4 20329 16817 -6980 2607 -1903
2002 Q1 21476 17765 -7530 4985 -2157
2002 Q2 21189 17845 -7399 4630 -2219
2002 Q3 22784 18079 -7187 6498 -1598
2002 Q4 21754 17937 -9411 7499 -2598
2003 Q1 22439 18664 -6977 8110 -1710
2003 Q2 22418 18461 -7103 5077 -2587
2003 Q3 22973 19055 -8347 4983 -2190
2003 Q4 23291 19330 -9837 5963 -2133
2004 Q1 23486 18807 -8851 6090 -2147
2004 Q2 24174 18937 -9261 6609 -2386
2004 Q3 23757 19400 -10771 4217 -2372
2004 Q4 24455 19610 -10613 9176 -2666
2005 Q1 24559 19805 -10136 7957 -3645
Net overseas assets (a)
Total Per cent
of
GDP (b)
2001 -72.1 -7.1
2002 -48.3 -4.5
2003 -39.6 -3.5
2004 -141.1 -11.9
2001 Q1 -7.3 -0.7
2001 Q2 -20.5 -2.1
2001 Q3 -34.7 -3.5
2001 Q4 -72.1 -7.1
2002 Q1 -62.9 -6.1
2002 Q2 -32.4 -3.1
2002 Q3 -43.9 -4.2
2002 Q4 -48.3 -4.5
2003 Q1 -17.1 -1.6
2003 Q2 -15.7 -1.4
2003 Q3 -6.0 -0.5
2003 Q4 -39.6 -3.5
2004 Q1 -67.4 -5.9
2004 Q2 -87.6 -7.6
2004 Q3 -122.9 -10.5
2004 Q4 -141.1 -11.9
2005 Q1 -152.8 -12.8
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
Exports Imports
Volume Price Volume Price
2001 140.1 88.3 160.4 89.3
2002 137.7 88.3 167.3 87.0
2003 137.3 89.9 170.6 86.3
2004 139.7 89.7 181.0 85.7
2001 Q1 143.5 89.7 160.4 91.1
2001 Q2 140.2 89.9 160.3 91.0
2001 Q3 138.9 87.7 159.6 88.5
2001 Q4 137.7 86.0 161.3 86.5
2002 QI 136.2 88.5 162.6 87.8
2002 Q2 144.4 89.3 170.0 87.7
2002 Q3 138.5 88.2 169.5 86.5
2002 Q4 131.6 87.3 167.1 86.0
2003 Q1 142.5 89.9 172.1 86.5
2003 Q2 136.3 90.3 166.8 86.3
2003 Q3 134.4 90.3 168.8 86.6
2003 Q4 136.2 89.3 174.7 85.9
2004 Q1 137.0 88.0 176.2 84.3
2004 Q2 139.2 89.1 179.8 85.3
2004 Q3 140.6 90.3 182.2 86.4
2004 Q4 141.8 91.5 185.9 86.7
2005 Q1 140.3 92.0 181.8 87.5
Total services
Exports Imports
Volume Price Volume Price
2001 149.0 110.6 169.1 98.6
2002 155.9 112.0 178.0 97.1
2003 162.4 112.3 180.2 101.1
2004 173.8 110.5 185.7 99.8
2001 Q1 151.9 114.0 170.4 98.4
2001 Q2 154.7 112.7 169.9 99.0
2001 Q3 142.8 104.3 170.9 98.8
2001 Q4 146.4 111.2 165.0 98.4
2002 QI 151.9 113.3 176.5 97.2
2002 Q2 151.1 112.3 176.9 97.4
2002 Q3 162.2 112.5 181.1 96.4
2002 Q4 158.5 110.0 177.6 97.5
2003 Q1 163.3 110.1 181.0 99.5
2003 Q2 159.1 112.9 177.6 100.3
2003 Q3 162.0 113.6 180.8 101.7
2003 Q4 165.3 112.9 181.2 103.0
2004 Q1 172.7 109.0 182.3 99.6
2004 Q2 174.2 111.2 185.2 98.7
2004 Q3 172.9 110.0 186.8 100.3
2004 Q4 175.3 111.8 188.4 100.5
2005 Q1 174.7 112.6 191.9 99.6
Competitors' producer prices (a)
US Japan Germany
2001 118.7 79.5 75.1
2002 113.1 72.5 75.4
2003 106.6 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 QI 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 108.9 71.2 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
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
Constant prices
1994 (a) 37.1 3.4 14.1 6.3 9.2 5.9
2001 126.2 128.1 109.0 119.4 114.1 115.1
2002 128.6 132.1 108.7 120.9 114.3 115.6
2003 132.5 134.7 110.2 122.0 114.3 116.0
2004 138.4 138.7 113.1 124.5 115.5 117.1
2001 Q1 126.0 127.8 110.3 119.2 114.1 115.1
2001 Q2 126.4 128.0 109.2 119.3 114.1 115.2
2001 Q3 126.0 127.8 108.4 119.9 114.0 115.1
2001 Q4 126.5 128.9 107.9 119.1 114.1 115.0
2002 Q1 127.5 130.5 107.4 120.3 113.9 115.1
2002 Q2 128.3 131.6 108.6 120.9 114.1 115.5
2002 Q3 129.1 132.8 109.2 121.2 114.7 115.7
2002 Q4 129.4 133.5 109.5 121.2 114.5 116.1
2003 Q1 130.0 134.5 108.9 121.6 114.1 115.9
2003 Q2 131.3 134.1 109.7 121.1 114.0 115.7
2003 Q3 133.7 134.6 110.3 122.4 114.2 116.2
2003 Q4 135.0 135.8 111.9 122.9 114.9 116.2
2004 Q1 136.5 136.6 113.4 123.6 115.4 116.7
2004 Q2 137.6 138.3 113.2 124.5 115.6 117.1
2004 Q3 139.0 139.5 112.9 124.6 115.6 117.6
2004 Q4 140.3 140.3 113.0 125.4 115.4 117.1
2005 Q1 141.6 141.1 114.3 125.9 116.6 116.5
Gross domestic Gross product per season employed
product (b)
UK OECD US Canada Japan France
Constant prices
1994 (a) 5.9 100.0
2001 123.3 121.9 113.4 111.8 109.7 107.6
2002 125.8 123.9 115.9 112.5 110.8 108.2
2003 128.9 126.4 118.4 112.2 112.6 109.4
2004 133.1 130.8 122.3 113.4 115.3 111.7
2001 Q1 122.6 121.9 112.6 111.8 110.3 107.8
2001 Q2 123.0 121.9 113.5 111.7 109.8 107.6
2001 Q3 123.5 121.8 113.4 111.4 109.6 108.0
2001 Q4 124.1 122.0 114.3 112.3 109.0 106.9
2002 Q1 124.7 122.8 115.3 112.8 108.9 107.8
2002 Q2 125.4 123.7 115.8 112.5 110.9 108.2
2002 Q3 126.2 124.4 116.1 112.5 111.4 108.3
2002 Q4 126.7 124.7 116.5 112.3 111.8 108.4
2003 Q1 127.5 125.0 116.4 112.6 111.4 108.9
2003 Q2 128.2 125.6 117.4 112.0 111.9 108.5
2003 Q3 129.4 127.0 119.6 112.1 112.6 109.9
2003 Q4 130.6 128.2 120.2 112.1 114.4 110.2
2004 Q1 131.9 129.5 121.4 112.5 115.7 111.0
2004 Q2 132.9 130.4 122.0 113.3 115.2 111.7
2004 Q3 133.4 131.2 122.5 113.9 115.1 111.8
2004 Q4 134.2 132.0 123.3 114.0 115.4 112.4
2005 Q1 134.7 124.2 114.5 116.4 112.8
Gross product per season
employed (b)
Germany Italy UK
1994 (a)
2001 108.9 107.9 113.7
2002 109.7 106.8 115.2
2003 110.7 106.2 116.9
2004 111.5 105.6 119.8
2001 Q1 108.9 108.3 113.3
2001 Q2 108.8 108.5 113.5
2001 Q3 108.9 107.8 113.7
2001 Q4 108.9 107.2 114.1
2002 Q1 108.8 106.4 114.5
2002 Q2 109.2 106.8 115.0
2002 Q3 110.3 106.9 115.6
2002 Q4 110.5 107.1 115.8
2003 Q1 110.4 106.4 116.2
2003 Q2 110.5 105.8 116.4
2003 Q3 110.7 106.3 117.1
2003 Q4 111.3 106.2 117.8
2004 Q1 111.6 106.1 118.8
2004 Q2 111.6 105.4 119.7
2004 Q3 111.5 106.3 120.2
2004 Q4 111.2 104.7 120.5
2005 Q1 112.3 104.3 120.5
(a) Per cent of OECD gross product in 1994 prices and 1994 purchasing
power parities. (b) GDP divided by total civilian employment.
Sources: US Survey of Current Business, UK Economic Trends, OECD
Quarterly National Accounts.
Table 14. Unemployment in industrial countries and DECD 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 9.6 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 9.5 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 9.6 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
Standardised (a)
US Canada Japan France Germany Italy UK
2001 4.8 7.2 5.0 8.4 7.4 9.1 5.1
2002 5.8 7.7 5.4 8.9 8.2 8.6 5.2
2003 6.0 7.6 5.3 9.4 9.1 8.4 5.0
2004 5.5 7.2 4.7 9.7 9.6 8.1 4.7
2001 Q1 4.2 7.0 4.8 8.5 7.2 9.4 5.1
2001 Q2 4.4 7.1 4.9 8.4 7.3 9.1 5.0
2001 Q3 4.8 7.2 5.1 8.3 7.5 9.1 5.1
2001 Q4 5.6 7.7 5.4 8.4 7.7 8.9 5.2
2002 Q1 5.7 7.9 5.3 8.6 7.8 8.6 5.1
2002 Q2 5.8 7.7 5.4 8.9 8.1 8.7 5.2
2002 Q3 5.7 7.6 5.4 9.1 8.3 8.6 5.3
2002 Q4 5.9 7.6 5.4 9.1 8.5 8.5 5.1
2003 Q1 5.8 7.4 5.4 9.2 8.8 8.6 5.1
2003 Q2 6.1 7.7 5.4 9.4 9.0 8.5 5.0
2003 Q3 6.1 7.8 5.2 9.5 9.1 8.3 5.0
2003 Q4 5.8 7.5 5.1 9.7 9.4 8.2 4.9
2004 Q1 5.6 7.3 4.9 9.6 9.5 8.2 4.8
2004 Q2 5.6 7.2 4.6 9.6 9.5 8.1 4.8
2004 Q3 5.5 7.1 4.8 9.7 9.6 7.9 4.6
2004 Q4 5.4 7.1 4.6 9.7 9.6 8.0 4.7
2005 Q1 5.3 7.0 4.6 9.8 9.7 7.8 4.7
Standardised (a)
OECD total
2001 6.4
2002 6.9
2003 7.1
2004 6.9
2001 Q1 6.2
2001 Q2 6.2
2001 Q3 6.5
2001 Q4 6.8
2002 Q1 6.8
2002 Q2 6.9
2002 Q3 6.9
2002 Q4 7.0
2003 Q1 7.0
2003 Q2 7.1
2003 Q3 7.1
2003 Q4 7.1
2004 Q1 7.0
2004 Q2 6.9
2004 Q3 6.9
2004 Q4 6.8
2005 Q1 6.7
(a) US, Canada, Japan: OECD standardised definitions; France, Germany,
Italy, UK: Eurostat standardised definitions.
Table 15. Earnings and Prices in DECD Index numbers, 1994=100,
seasonally adjusted
Average earnings (whole economy) (a)
US Canada Japan France Germany UK
2001 128.9 122.3 98.9 115.5 112.3 135.9
2002 133.1 124.0 97.2 118.7 114.0 141.3
2003 138.3 126.6 96.7 121.8 115.6 147.8
2004 144.6 129.6 95.5 125.3 114.7 154.2
2001 Q1 128.3 121.8 99.2 114.0 111.6 134.7
2001 Q2 128.6 122.1 100.0 115.1 112.2 135.5
2001 Q3 128.9 122.4 98.6 116.1 112.4 136.3
2001 Q4 129.7 122.9 97.9 116.9 113.0 137.2
2002 Q1 131.7 123.4 98.4 117.7 112.9 138.3
2002 Q2 133.1 123.4 98.3 118.5 113.4 140.6
2002 Q3 133.6 123.9 95.6 119.0 114.6 142.5
2002 Q4 134.2 125.3 96.7 119.7 114.8 144.0
2003 Q1 135.8 125.7 97.2 120.5 115.6 145.4
2003 Q2 137.5 126.0 99.0 121.4 115.3 146.6
2003 Q3 139.2 127.1 94.5 122.4 116.2 149.1
2003 Q4 140.7 127.5 96.0 123.1 115.5 150.2
2004 Q1 142.1 128.3 93.3 124.3 116.6 152.3
2004 Q2 143.2 129.3 98.3 125.0 114.3 153.0
2004 Q3 145.1 130.1 93.9 125.7 114.2 154.7
2004 Q4 148.0 130.8 96.5 126.3 113.9 156.9
2005 Q1 150.2 132.1 93.0 130.4 158.6
Consumer prices (b)
US Canada Japan France Germany Italy
2001 113.9 112.0 98.4 108.4 107.3 124.9
2002 115.5 114.2 97.2 109.5 108.6 128.7
2003 117.7 116.1 96.5 110.8 109.9 132.0
2004 120.3 117.7 96.0 112.5 111.5 134.9
2001 Q1 113.2 111.1 99.0 107.6 106.6 123.6
2001 Q2 113.9 112.3 98.7 108.5 107.1 124.7
2001 Q3 114.1 112.4 98.3 108.8 107.5 125.2
2001 Q4 114.3 112.2 97.8 108.7 108.0 126.0
2002 Q1 114.5 112.8 97.6 109.2 108.2 127.5
2002 Q2 115.3 113.9 97.4 109.4 108.5 128.5
2002 Q3 115.9 114.8 97.1 109.6 108.6 129.0
2002 Q4 116.3 115.5 97.0 109.9 108.9 129.9
2003 Q1 117.2 116.2 96.8 110.4 109.7 130.9
2003 Q2 117.4 115.8 96.7 110.4 109.6 131.5
2003 Q3 117.9 116.3 96.6 111.0 110.0 132.3
2003 Q4 118.2 116.2 96.2 111.4 110.4 133.0
2004 Q1 119.2 116.8 96.1 111.7 110.7 133.9
2004 Q2 120.1 117.8 96.0 112.4 111.4 134.7
2004 Q3 120.5 118.0 96.0 112.7 111.8 135.3
2004 Q4 121.3 118.4 96.0 113.1 112.2 135.7
2005 Q1 121.9 118.8 95.7 113.3 112.1 136.3
Consumer
prices (b)
OECD total
2001 125.3
2002 127.7
2003 130.1
2004 132.4
2001 Q1 124.0
2001 Q2 125.2
2001 Q3 125.9
2001 Q4 126.1
2002 Q1 126.9
2002 Q2 127.5
2002 Q3 127.9
2002 Q4 128.6
2003 Q1 129.7
2003 Q2 129.7
2003 Q3 130.4
2003 Q4 130.8
2004 Q1 131.5
2004 Q2 132.2
2004 Q3 132.7
2004 Q4 133.3
2005 Q1
(a) Compensation of employees in employment, including various employer
insurance payments, divided by employees in employment. (b) Deflator
for consumers' expenditure.
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.
Table 16. Volume of exports (a) Seasonally adjusted
Index numbers, 1994=100
World (b) US Canada Japan France Germany
2001 164 147 158 129 162 175
2002 169 143 160 138 165 183
2003 177 146 157 151 162 186
2004 193 159 164 173 165 201
2001 Q1 167 155 162 135 166 174
2001 Q2 164 150 160 130 162 174
2001 Q3 162 143 156 127 163 174
2001 Q4 161 139 157 124 158 178
2002 Q1 164 140 159 131 162 178
2002 Q2 169 144 158 139 166 181
2002 Q3 171 145 162 139 166 185
2002 Q4 173 144 160 144 165 188
2003 Q1 174 143 158 146 162 186
2003 Q2 174 142 154 147 160 181
2003 Q3 178 146 155 151 161 188
2003 Q4 183 152 160 159 163 190
2004 Q1 187 155 160 167 163 197
2004 Q2 192 158 167 173 165 203
2004 Q3 195 160 166 174 165 201
2004 Q4 199 161 165 176 167 203
2005 Q1 165 167 175 166 209
Index
numbers,
1994=100 Relative export performance (c)
UK Italy US Canada Japan France Germany
2001 139 155 90 97 79 99 107
2002 135 156 85 95 82 97 108
2003 132 157 82 88 85 91 105
2004 136 163 82 85 89 85 104
2001 Q1 145 159 93 97 81 99 104
2001 Q2 140 157 92 97 79 99 106
2001 Q3 136 152 88 96 78 100 107
2001 Q4 136 153 86 97 77 98 110
2002 Q1 134 153 85 97 79 98 108
2002 Q2 134 159 85 94 82 98 107
2002 Q3 135 158 85 95 81 97 108
2002 Q4 135 152 83 93 83 96 109
2003 Q1 132 162 82 91 84 93 107
2003 Q2 128 156 82 88 84 92 104
2003 Q3 135 155 82 87 85 91 106
2003 Q4 133 157 83 87 87 89 104
2004 Q1 131 160 83 85 89 87 105
2004 Q2 136 163 82 87 90 86 106
2004 Q3 142 163 82 85 89 85 103
2004 Q4 136 165 81 83 89 84 102
2005 Q1 130 164
Relative
export
performance
(c)
Italy UK
2001 85 95
2002 79 92
2003 74 89
2004 70 84
2001 Q1 86 95
2001 Q2 86 96
2001 Q3 84 94
2001 Q4 84 94
2002 Q1 81 93
2002 Q2 79 94
2002 Q3 79 93
2002 Q4 78 88
2003 Q1 76 93
2003 Q2 73 89
2003 Q3 76 87
2003 Q4 73 86
2004 Q1 70 86
2004 Q2 71 85
2004 Q3 73 84
2004 Q4 68 83
2005 Q1
(a) Goods and services. (b) Average of world exports and imports.
(c) Export volume relative to world trade.
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.
Table 17. Current balances and interest rates
Current balance US $ billion
US Canada Japan France Germany UK OPEC
2001 -389 16 88 29 3 -32 38
2002 -475 13 112 11 46 -25 23
2003 -520 13 137 12 53 -28 57
2004 -668 22 172 -5 104 -42 123
2001 Q1 -108 7 22 9 -4 -7 14
2001 Q2 -98 5 18 4 -2 -8 11
2001 Q3 -93 2 21 8 3 -8 7
2001 Q4 -91 2 27 8 6 -9 5
2002 Q1 -110 5 28 4 8 -7 3
2002 Q2 -119 4 29 1 9 -7 4
2002 Q3 -120 3 27 4 16 -4 6
2002 Q4 -126 2 28 3 13 -7 9
2003 Q1 -137 3 27 6 7 -1 12
2003 Q2 -129 2 33 0 9 -7 13
2003 Q3 -129 4 37 4 19 -9 14
2003 Q4 -125 4 40 2 18 -10 18
2004 Q1 -146 5 44 4 25 -9 44
2004 Q2 -167 7 43 -5 32 -9 68
2004 Q3 -167 5 42 -1 24 -16 59
2004 Q4 -188 4 43 -3 23 -8 -48
2005 Q1 -195 3 44 31 -11 239
Current
balance
US $
billion Short-term interest rate percent (b)
LDCs US Canada Japan France Germany
2001 47 3.7 3.9 0.1 4.3 4.3
2002 97 1.7 2.6 0.1 3.3 3.3
2003 1.2 2.9 0.0 2.3 2.3
2004 1.6 2.2 0.0 2.1 2.1
2001 Q1 12 5.3 5.0 0.4 4.8 4.8
2001 Q2 33 4.1 4.4 0.0 4.6 4.6
2001 Q3 -1 3.3 3.8 0.0 4.3 4.3
2001 Q4 2 2.1 2.3 0.0 3.4 3.4
2002 Q1 16 1.8 2.1 0.1 3.4 3.4
2002 Q2 42 1.8 2.5 0.0 3.4 3.4
2002 Q3 11 1.8 2.8 0.0 3.4 3.4
2002 Q4 28 1.5 2.8 0.0 3.1 3.1
2003 Q1 1.3 2.9 0.0 2.7 2.7
2003 Q2 1.2 3.2 0.0 2.4 2.4
2003 Q3 1.1 2.8 0.0 2.1 2.1
2003 Q4 1.1 2.7 0.0 2.2 2.2
2004 Q1 1.0 2.2 0.0 2.1 2.1
2004 Q2 1.3 2.0 0.0 2.1 2.1
2004 Q3 1.7 2.2 0.0 2.1 2.1
2004 Q4 2.3 2.5 0.0 2.2 2.2
2005 Q1 2.8 2.5 0.0 2.1 2.1
Short-term
interest
rate percent
(b)
Italy UK
2001 4.3 5.0
2002 3.3 4.0
2003 2.3 3.7
2004 2.1 4.6
2001 Q1 4.8 5.7
2001 Q2 4.6 5.2
2001 Q3 4.3 4.9
2001 Q4 3.4 4.1
2002 Q1 3.4 4.0
2002 Q2 3.4 4.1
2002 Q3 3.4 4.0
2002 Q4 3.1 3.9
2003 Q1 2.7 3.8
2003 Q2 2.4 3.6
2003 Q3 2.1 3.5
2003 Q4 2.2 3.9
2004 Q1 2.1 4.1
2004 Q2 2.1 4.5
2004 Q3 2.1 4.9
2004 Q4 2.2 4.8
2005 Q1 2.1 4.9
(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.
Sources: US, Canada, Japan, Germany, France as Table 16, IMF
International Financial Statistics.
Table 18. Volume of imports (a)
Index numbers, 1994=100
World US Canada Japan France Germany Italy UK
(b)
2001 164 183 148 134 162 159 149 171
2002 169 189 150 136 164 157 148 179
2003 177 197 156 141 166 164 150 182
2004 193 217 169 153 176 174 154 192
2001 Q1 167 190 151 139 164 160 153 172
2001 Q2 164 184 150 136 163 160 151 171
2001 Q3 162 179 147 133 161 159 146 171
2001 Q4 161 177 143 129 159 156 145 171
2002 Q1 164 183 143 130 163 153 145 175
2002 Q2 169 188 150 135 164 156 147 181
2002 Q3 171 190 153 138 165 159 147 181
2002 Q4 173 195 153 140 164 161 153 179
2003 Q1 174 194 153 141 165 165 150 184
2003 Q2 174 195 155 138 165 162 148 179
2003 Q3 178 196 154 141 166 162 151 181
2003 Q4 183 204 161 143 169 167 151 186
2004 Q1 187 209 162 149 170 168 150 187
2004 Q2 192 216 166 152 175 172 154 191
2004 Q3 195 218 171 155 179 177 156 193
2004 Q4 199 224 175 158 181 177 156 197
2005 Q1 229 179 159 182 175 152 194
Volume relative to domestic demand (c)
US Canada Japan France Germany Italy UK
2001 141 119 123 136 143 128 135
2002 142 117 125 136 145 126 136
2003 144 118 129 135 150 126 135
2004 151 122 138 139 158 128 137
2001 Q1 147 122 126 138 144 132 136
2001 Q2 142 121 124 137 144 130 135
2001 Q3 139 116 122 135 143 125 134
2001 Q4 137 114 119 134 143 124 133
2002 Q1 139 114 122 136 141 124 135
2002 Q2 142 118 125 136 144 125 139
2002 Q3 143 119 127 137 146 125 138
2002 Q4 145 118 128 136 148 128 134
2003 Q1 144 118 131 135 150 126 138
2003 Q2 144 117 127 135 147 124 134
2003 Q3 142 115 129 135 149 127 133
2003 Q4 146 120 130 137 152 126 135
2004 Q1 148 119 134 136 154 125 136
2004 Q2 151 121 137 139 158 128 137
2004 Q3 151 124 140 141 160 130 138
2004 Q4 154 125 143 141 161 129 139
2005 Q1 156 126 141 142 160 126 137
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.
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
Table 19. Competitiveness and commodity prices
Index numbers, 2000=100
Export price of manufactures, 2000=100
Relative to world price (b)
World (a) US Canada Japan France Germany Italy
2001 96.8 102.9 100.3 92.8 100.1 101.1 103.5
2002 98.0 101.4 96.0 88.2 102.5 105.4 109.5
2003 107.9 94.0 96.5 83.6 111.6 113.7 119.9
2004 118.1 88.8 96.8 80.4 113.3 114.1 125.0
2001 Q1 99.1 101.2 103.2 93.8 101.3 102.5 102.2
2001 Q2 96.9 103.2 102.8 91.7 97.7 98.9 101.8
2001 Q3 96.0 103.6 99.9 92.9 100.6 100.0 104.3
2001 Q4 95.2 103.6 95.5 92.8 100.8 103.0 105.7
2002 Q1 94.1 104.5 96.7 88.9 99.3 102.4 105.5
2002 Q2 96.7 102.4 98.2 88.1 101.3 104.0 107.8
2002 Q3 100.0 99.8 94.5 88.3 104.6 107.4 110.3
2002 Q4 101.1 98.8 94.7 87.6 104.6 107.8 114.4
2003 Q1 105.3 95.9 96.0 84.2 109.2 111.7 117.5
2003 Q2 107.2 94.3 96.3 82.9 112.3 115.1 120.4
2003 Q3 107.6 94.2 97.4 83.0 110.8 113.0 117.7
2003 Q4 111.4 91.7 96.3 84.3 113.9 115.3 124.1
2004 Q1 115.2 89.8 94.9 82.4 116.0 117.4 126.3
2004 Q2 115.7 90.5 95.6 80.3 111.8 112.9 123.3
2004 Q3 118.4 88.8 97.7 79.4 111.4 112.2 122.0
2004 Q4 123.3 86.1 99.2 79.5 114.2 114.1 128.5
2005 Q1
Export Commodity prices
price of
manufactures,
2000=100
Relative to
world price Agri-
(b) Oil (c) cultural
OPEC Food (d) non-food
UK average Developed Developing (c)
2001 97.3 24.3 102.1 83.9 95.1
2002 100.6 25.0 103.5 97.7 96.7
2003 100.3 28.9 109.5 102.5 100.3
2004 101.8 37.8 125.4 105.6 105.8
2001 Q1 98.4 26.1 101.3 90.5 98.9
2001 Q2 97.6 26.7 102.9 85.5 102.9
2001 Q3 95.5 25.2 106.6 79.7 92.8
2001 Q4 97.8 19.3 97.6 79.8 85.7
2002 Q1 99.8 20.9 97.8 90.3 88.4
2002 Q2 99.8 25.2 99.7 92.5 94.2
2002 Q3 101.6 26.9 107.9 100.3 101.5
2002 Q4 101.1 26.7 108.4 107.7 102.8
2003 Q1 100.0 31.3 108.1 111.8 100.3
2003 Q2 100.3 26.5 107.5 101.6 98.1
2003 Q3 99.8 28.4 106.0 98.7 100.2
2003 Q4 101.2 29.4 116.4 97.9 102.9
2004 Q1 103.4 32.1 126.6 104.6 105.3
2004 Q2 102.1 35.6 133.5 100.1 106.2
2004 Q3 100.9 40.5 123.4 106.3 107.8
2004 Q4 101.1 42.7 117.9 111.4 104.2
2005 Q1 46.1 124.2 133.4 104.8
Commodity prices
Minerals,
ores and
metals (c)
2001 90.2
2002 87.7
2003 98.2
2004 133.9
2001 Q1 97.0
2001 Q2 93.9
2001 Q3 86.3
2001 Q4 83.6
2002 Q1 88.0
2002 Q2 88.8
2002 Q3 86.1
2002 Q4 88.0
2003 Q1 92.7
2003 Q2 93.0
2003 Q3 97.9
2003 Q4 109.3
2004 Q1 130.0
2004 Q2 130.2
2004 Q3 133.8
2004 Q4 141.9
2005 Q1 153.2
(a) In US $. (b) Weighted by export competitiveness. (c) US $ per
barrel. (d) IMF indices.
Sources: UN Monthly Bulletin of Statistics, IMF International Financial
Statistics.
Table 20. Exchange rates (a)
SDR Euro Gold (b) UK Canada Japan
[pounds sterling] C$ Yen
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
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
(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.
Sources: Financial Times, IMF International Financial Statistics.
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.
- Volume of imports.
- Gross product and productivity in industrial countries and OECD.
- Volume of imports.
- Volume of exports.
- Earnings and prices in OECD. (Statistical Appendix).
- Earnings and prices in 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 ......
Volume of imports [a] Index numbers, 1994=100 World [b] US Canada Japan France Germany [d] Italy UK 1992 87 80 83 85 95 101 100 ......
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 imports [a] Index numbers, 1994=100 World [b] US CANADA Japan France Germany Italy UK 1993 90 88 90 88 91 93 89 96 ......
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 ......
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