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], 2000 prices, seasonally adjusted
Gross capital
Final consumption formation
expenditure
Gross Change in
Households General fixed in- inven-
& NPISH (a) gov't vestment (b) tories
1999 599.2 174.4 155.6 6.5
2000 626.5 177.8 161.2 5.3
2001 646.0 180.9 167.0 3.3
2002 667.7 185.8 170.0 1.7
1999 Q1 147.6 43.2 38.9 2.7
1999 Q2 149.0 43.8 38.3 0.5
1999 Q3 150.0 43.8 38.7 1.7
1999 Q4 152.6 43.7 39.7 1.5
2000 Q1 155.8 44.0 39.3 0.8
2000 Q2 156.2 44.7 39.5 1.3
2000 Q3 157.3 44.7 40.4 1.9
2000 Q4 157.3 44.4 42.0 1.3
2001 Q1 159.3 44.6 41.7 0.8
2001 Q2 159.9 44.5 42.1 2.1
2001 Q3 162.3 45.5 42.0 0.4
2001 Q4 164.4 46.2 41.3 0.1
2002 Q1 164.7 46.9 41.2 0.8
2002 Q2 166.5 46.0 42.7 -0.7
2002 Q3 167.4 46.3 42.8 0.1
2002 Q4 169.0 46.6 43.3 1.5
2003 Q1 168.9 47.0 42.8 1.2
2003 Q2 170.2 47.1 43.6 0.2
2003 Q3 171.7 47.1 43.4 0.9
Gross
final
Domestic Total expendi- Total
demand exports ture imports
1999 935.4 244.0 1179.4 262.6
2000 970.8 267.0 1237.8 286.6
2001 997.2 273.7 1270.9 299.3
2002 1025.1 272.6 1297.8 311.2
1999 Q1 232.1 58.0 290.1 63.5
1999 Q2 231.5 60.0 291.4 64.0
1999 Q3 234.0 62.6 296.6 66.7
1999 Q4 237.8 63.4 301.2 68.4
2000 Q1 240.0 64.3 304.3 68.7
2000 Q2 241.7 66.6 308.2 71.1
2000 Q3 244.3 67.1 311.4 72.5
2000 Q4 244.9 69.1 314.0 74.4
2001 Q1 246.4 70.2 316.6 75.1
2001 Q2 248.6 69.1 317.7 75.2
2001 Q3 250.2 67.3 317.5 74.3
2001 Q4 252.0 67.1 319.1 74.8
2002 Q1 253.6 66.9 320.5 75.7
2002 Q2 254.5 69.9 324.4 78.7
2002 Q3 256.6 69.6 326.2 78.7
2002 Q4 260.4 66.2 326.6 78.0
2003 Q1 259.9 67.9 327.8 79.2
2003 Q2 261.1 65.9 327.0 77.1
2003 Q3 263.1 66.2 329.3 77.5
Gross
GDP Adjust- value
at ment to added
market basic at basic
prices prices prices
1999 916.6 108.5 808.2
2000 951.3 112.1 839.2
2001 971.6 116.6 854.9
2002 987.9 121.7 866.3
1999 Q1 226.6 26.6 200.0
1999 Q2 227.4 26.5 200.8
1999 Q3 229.9 27.3 202.6
1999 Q4 232.8 28.1 204.8
2000 Q1 235.6 28.0 207.5
2000 Q2 237.2 28.1 209.1
2000 Q3 238.9 27.9 211.0
2000 Q4 239.6 28.0 211.6
2001 Q1 241.6 28.2 213.4
2001 Q2 242.5 29.0 213.4
2001 Q3 243.2 29.6 213.6
2001 Q4 244.3 29.8 214.5
2002 Q1 244.9 29.8 215.1
2002 Q2 246.0 30.3 215.7
2002 Q3 247.9 30.7 217.2
2002 Q4 249.2 30.9 218.3
2003 Q1 249.6 31.3 218.3
2003 Q2 251.1 31.9 219.2
2003 Q3 253.1 32.3 220.8
Indices of gross domestic
product (2000 = 100)
From
From expen- From
output diture income
1999 96.3 96.3 96.3
2000 100.0 100.0 100.0
2001 101.9 101.9 101.9
2002 103.2 103.1 103.3
1999 Q1 95.3 95.3 95.3
1999 Q2 95.7 95.7 95.7
1999 Q3 96.6 96.6 96.6
1999 Q4 97.6 97.6 97.6
2000 Q1 98.9 98.9 98.9
2000 Q2 99.7 99.7 99.7
2000 Q3 100.6 100.6 100.6
2000 Q4 100.9 100.9 100.9
2001 Q1 101.7 101.7 101.7
2001 Q2 101.7 101.7 101.7
2001 Q3 101.8 101.8 101.8
2001 Q4 102.3 102.3 102.3
2002 Q1 102.5 102.5 102.6
2002 Q2 102.8 102.7 102.9
2002 Q3 103.5 103.4 103.6
2002 Q4 104.0 103.7 104.1
2003 Q1 104.1 103.6 104.2
2003 Q2 104.5 103.9 104.6
2003 Q3 105.2 104.6 105.3
(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 2000=100
Production
GDP at basic prices industries
Average Non-oil Manufac- Oil and
estimate estimate turing gas (a)
1999 96.3 93.6 97.6 103.6
2000 100.0 100.0 100.0 100.0
2001 101.9 104.7 98.7 94.4
2002 103.2 106.9 95.1 93.4
1999 Q1 95.3 92.6 96.6 102.5
1999 Q2 95.7 92.7 97.0 103.8
1999 Q3 96.6 93.6 98.3 104.7
1999 Q4 97.6 95.4 98.7 103.4
2000 Q1 98.9 96.7 99.2 104.9
2000 Q2 99.7 98.6 99.8 102.7
2000 Q3 100.6 101.3 100.1 98.8
2000 Q4 100.9 103.6 100.9 93.6
2001 Q1 101.7 104.8 100.8 93.5
2001 Q2 101.7 103.7 98.8 96.4
2001 Q3 101.8 104.4 98.6 94.7
2001 Q4 102.3 105.7 96.6 93.1
2002 Q1 102.5 106.2 95.8 92.7
2002 Q2 102.8 104.3 94.6 98.8
2002 Q3 103.5 108.9 95.5 89.0
2002 Q4 104.0 108.1 94.5 92.9
2003 Q1 104.1 108.5 94.6 92.3
2003 Q2 104.5 110.2 95.2 89.1
2003 Q3 105.2 112.0 95.4 86.9
Service industries
Distrib- Business Imputed Public
ution services (b) rent (c) services
1999 97.3 93.4 100.6 97.1
2000 100.0 100.0 100.0 100.0
2001 101.9 104.6 102.4 101.3
2002 106.2 106.3 103.7 103.1
1999 Q1 96.3 92.1 101.0 96.2
1999 Q2 96.8 92.0 101.5 96.7
1999 Q3 97.6 92.9 100.6 97.6
1999 Q4 98.3 96.4 99.2 98.0
2000 Q1 99.0 97.5 99.2 99.0
2000 Q2 99.6 99.4 98.8 99.8
2000 Q3 100.9 101.2 100.2 100.7
2000 Q4 100.5 101.9 101.8 100.5
2001 Q1 101.2 103.4 101.8 100.7
2001 Q2 101.4 104.1 102.1 101.0
2001 Q3 101.7 104.7 102.5 101.2
2001 Q4 103.2 106.2 103.0 102.4
2002 Q1 104.5 104.7 103.4 102.7
2002 Q2 105.6 105.5 103.3 102.8
2002 Q3 106.9 107.3 103.9 103.1
2002 Q4 107.9 107.8 104.2 104.0
2003 Q1 107.8 109.2 104.4 104.8
2003 Q2 109.2 107.6 104.7 105.4
2003 Q3 110.2 109.6 105.1 106.1
Construct-
ion Rest (d)
1999 98.7 94.1
2000 100.0 100.0
2001 103.5 103.8
2002 111.2 105.0
1999 Q1 97.6 93.3
1999 Q2 98.0 93.9
1999 Q3 99.5 94.0
1999 Q4 99.8 95.0
2000 Q1 102.3 98.0
2000 Q2 100.0 99.1
2000 Q3 98.3 100.9
2000 Q4 99.4 102.0
2001 Q1 101.5 103.9
2001 Q2 102.8 104.1
2001 Q3 103.8 103.6
2001 Q4 105.7 103.6
2002 Q1 108.8 104.8
2002 Q2 110.0 104.5
2002 Q3 112.0 105.4
2002 Q4 114.0 105.4
2003 Q1 112.4 104.0
2003 Q2 117.1 104.1
2003 Q3 119.5 104.2
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-
production (a) facturing
output (a)
June 2001 102.2 98.5 98.9
July 2001 101.8 97.9 98.2
August 2001 102.5 98.8 99.4
Sept. 2001 102.5 98.2 98.2
Oct. 2001 102.7 96.9 97.5
Nov. 2001 102.7 96.4 96.4
Dec. 2001 102.7 96.2 95.8
Jan. 2002 102.7 96.0 95.3
Feb. 2002 103.1 95.9 95.9
March 2002 103.2 96.3 96.1
April 2002 103.8 96.5 95.9
May 2002 104.3 98.2 96.8
June 2002 102.2 93.4 91.0
July 2002 104.5 95.3 95.1
August 2002 103.8 96.0 96.0
Sept. 2002 104.3 95.8 95.4
Oct. 2002 104.5 95.0 94.0
Nov. 2002 104.9 95.1 94.7
Dec. 2002 105.1 95.4 94.7
Jan. 2003 104.7 94.5 94.3
Feb. 2003 105.2 95.4 94.8
March 2003 105.1 95.0 94.6
April 2003 105.4 95.0 95.1
May 2003 105.4 95.0 95.1
June 2003 106.0 95.8 95.4
July 2003 106.2 95.6 95.7
August 2003 106.3 94.8 95.2
Sept. 2003 106.7 95.0 95.2
Oct. 2003 107.2 95.7 96.1
Nov. 2003 106.9 94.7 95.4
Dec. 2003 107.5
Retail Unemploy- PSNCR
sales (a) ment rate m [pounds sterling] (c)
%
June 2001 105.9 3.2 7982
July 2001 106.4 3.1 -9464
August 2001 106.6 3.1 -295
Sept. 2001 108.2 3.1 3621
Oct. 2001 108.2 3.1 -5900
Nov. 2001 108.6 3.2 5964
Dec. 2001 108.4 3.2 9409
Jan. 2002 109.4 3.1 -11995
Feb. 2002 111.5 3.1 -2108
March 2002 111.6 3.1 7769
April 2002 113.9 3.1 -3038
May 2002 112.6 3.1 2748
June 2002 111.9 3.1 7346
July 2002 113.4 3.1 -6806
August 2002 113.8 3.1 2134
Sept. 2002 113.9 3.1 5337
Oct. 2002 114.9 3.1 -2448
Nov. 2002 114.9 3.1 6616
Dec. 2002 116.2 3.1 11610
Jan. 2003 114.2 3.1 -11863
Feb. 2003 114.4 3.1 -182
March 2003 115.2 3.1 11010
April 2003 116.0 3.1 250
May 2003 115.8 3.1 5793
June 2003 117.1 3.1 10146
July 2003 117.1 3.1 -6063
August 2003 117.6 3.1 3517
Sept. 2003 118.4 3.1 8567
Oct. 2003 119.1 3.0 -1682
Nov. 2003 119.2 3.0 5805
Dec. 2003 3.0
Consumer 3-month 20-year
price interbank gilt rate
index rate % p.a. (c) % p.a. (c)(d)
June 2001 1.7 5.25 5.07
July 2001 1.4 5.22 5.03
August 2001 1.8 4.88 4.81
Sept. 2001 1.3 4.47 4.93
Oct. 2001 1.2 4.19 4.80
Nov. 2001 0.8 4.00 4.51
Dec. 2001 1.0 4.06 4.75
Jan. 2002 1.6 4.03 4.81
Feb. 2002 1.5 4.00 4.83
March 2002 1.5 4.16 5.11
April 2002 1.3 4.13 5.13
May 2002 0.8 4.13 5.18
June 2002 0.6 4.09 5.02
July 2002 1.1 3.97 4.90
August 2002 1.0 3.97 4.64
Sept. 2002 1.0 3.91 4.45
Oct. 2002 1.4 3.91 4.59
Nov. 2002 1.6 3.98 4.64
Dec. 2002 1.7 3.96 4.62
Jan. 2003 1.4 3.91 4.44
Feb. 2003 1.6 3.64 4.39
March 2003 1.6 3.61 4.54
April 2003 1.5 3.58 4.67
May 2003 1.2 3.57 4.46
June 2003 1.1 3.59 4.39
July 2003 1.3 3.40 4.65
August 2003 1.4 3.57 4.68
Sept. 2003 1.4 3.67 4.76
Oct. 2003 1.4 3.90 4.88
Nov. 2003 1.3 3.94 4.95
Dec. 2003 1.3 3.98 4.84
Effective M4
exchange m [pounds sterling]
rate (a)(c)
June 2001 106.77 913664
July 2001 107.16 920229
August 2001 105.09 928526
Sept. 2001 106.06 935291
Oct. 2001 105.78 941366
Nov. 2001 106.14 942531
Dec. 2001 106.46 940411
Jan. 2002 106.90 943916
Feb. 2002 107.36 951746
March 2002 106.48 950688
April 2002 107.13 953771
May 2002 105.32 957850
June 2002 103.58 965000
July 2002 105.29 972453
August 2002 105.38 980705
Sept. 2002 106.46 985859
Oct. 2002 106.67 993427
Nov. 2002 105.87 997633
Dec. 2002 105.48 1006311
Jan. 2003 104.04 1007166
Feb. 2003 102.42 1014706
March 2003 100.60 1010042
April 2003 99.80 1022146
May 2003 97.90 1026970
June 2003 99.64 1030761
July 2003 99.40 1032844
August 2003 99.01 1034623
Sept. 2003 99.24 1041381
Oct. 2003 99.82 1047467
Nov. 2003 100.42 1055609
Dec. 2003 100.29
(a) 2000=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)
Business
Survey Plant and optimism Capacity
date Buildings machinery (b) (c)
July 1998 -26 -21 -44 57
Oct. 1998 -36 -32 -58 65
Jan. 1999 -35 -21 -40 63
April 1999 -40 -29 -6 66
Jult 1999 -18 -8 5 58
Oct. 1999 -21 -11 13 60
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
Export
Survey optimism Numbers
date (b) Output Prices employed
July 1998 -50 -8 -15 -16
Oct. 1998 -41 -29 -18 -32
Jan. 1999 -18 -13 -21 -33
April 1999 -17 -1 -16 -24
Jult 1999 -9 -4 -19 -21
Oct. 1999 -5 12 -10 -16
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
Limiting
factors (f)
Export
Survey Stocks orders Skilled Cost of
date (d) (e) labour finance
July 1998 12 -50 12 5
Oct. 1998 26 -55 8 6
Jan. 1999 23 -45 12 4
April 1999 19 -44 6 3
Jult 1999 19 -38 9 3
Oct. 1999 12 -35 11 1
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
(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 cast of finance on capital
expenditure. (Per cent of respondents who regard factor as
significant.)
Table 5. UK labour market
Thousands
Workforce jobs (a)
Employee jobs
(a) Self Trainees
employ- & HM
Male Female ment forces Total
1999 12738 12404 3363 335 28840
2000 12943 12660 3311 326 29240
2001 13034 12821 3304 304 29463
2002 12997 12853 3370 299 29519
1999 Q1 12626 12297 3378 330 28632
1999 Q2 12684 12381 3395 337 28796
1999 Q3 12804 12433 3351 339 28926
1999 Q4 12837 12507 3329 334 29007
2000 Q1 12891 12534 3325 330 29080
2000 Q2 12961 12608 3321 326 29216
2000 Q3 12951 12719 3303 326 29300
2000 Q4 12969 12778 3296 322 29365
2001 Q1 12991 12811 3297 317 29416
2001 Q2 13034 12826 3305 308 29473
2001 Q3 13063 12807 3304 297 29471
2001 Q4 13048 12838 3311 295 29493
2002 Q1 13058 12853 3313 295 29519
2002 Q2 13000 12858 3345 298 29502
2002 Q3 12964 12850 3393 301 29508
2002 Q4 12967 12852 3428 302 29548
2003 Q1 12952 12866 3497 304 29619
2003 Q2 12971 12859 3557 306 29693
2003 Q3 12953 12865 3629 311 29758
UK claimant unemployment
Duration
Per cent
Rate Under 26 Over 26 over 26
Total (b) weeks weeks weeks
1999 1248 4.1 712 537 43.0
2000 1088 3.6 655 433 39.8
2001 970 3.2 614 356 36.7
2002 947 3.1 624 322 34.1
1999 Q1 1304 4.4 777 527 40.4
1999 Q2 1275 4.2 686 589 46.2
1999 Q3 1232 4.1 706 526 42.7
1999 Q4 1181 3.9 677 504 42.7
2000 Q1 1153 3.8 722 431 37.4
2000 Q2 1104 3.6 622 482 43.6
2000 Q3 1060 3.5 637 423 39.9
2000 Q4 1037 3.4 641 396 38.2
2001 Q1 999 3.3 665 334 33.4
2001 Q2 972 3.2 575 397 40.9
2001 Q3 950 3.1 591 359 37.7
2001 Q4 960 3.2 626 335 34.9
2002 Q1 951 3.1 663 288 30.3
2002 Q2 952 3.1 599 353 37.1
2002 Q3 945 3.1 616 330 34.9
2002 Q4 939 3.1 620 319 34.0
2003 Q1 937 3.1 673 264 28.2
2003 Q2 947 3.1 612 335 35.4
2003 Q3 933 3.0 605 328 35.2
Unit
Average Produc- labour
Per cent earnings tivity cost
not
employed Growth rates
1999 19.6 4.4 1.1 3.8
2000 19.0 5.5 2.4 3.4
2001 18.9 4.9 1.1 4.0
2002 19.3 4.2 1.1 2.8
1999 Q1 20.1 5.9 1.8 4.7
1999 Q2 19.7 4.4 1.1 3.8
1999 Q3 19.4 4.1 0.5 4.1
1999 Q4 19.3 3.1 0.8 2.8
2000 Q1 19.2 3.8 2.2 2.0
2000 Q2 19.0 5.0 2.6 2.8
2000 Q3 18.9 5.9 2.8 3.4
2000 Q4 18.9 7.3 2.1 5.4
2001 Q1 18.9 6.7 1.6 5.3
2001 Q2 18.9 5.3 1.2 4.4
2001 Q3 19.0 4.0 0.6 3.6
2001 Q4 19.1 3.7 1.0 2.8
2002 Q1 19.1 3.2 0.5 2.9
2002 Q2 19.3 4.3 0.9 3.1
2002 Q3 19.3 4.9 1.6 3.0
2002 Q4 19.3 4.2 1.5 2.2
2003 Q1 4.6 1.2 2.6
2003 Q2 4.7 1.0 2.9
2003 Q3 4.7 0.8 3.0
(a) Quarterly average, NIESR estimates. (b) Percentage of workforce.
Source: Labour Market Trends.
Table 6. Prices
Seasonally adjusted, 1995=100
National Accounts deflators
GDP GDP Public
at at sector
basic market Consumers' consump- Fixed
prices prices expenditure tion investment
1999 98.7 98.6 98.9 95.3 99.4
2000 100.0 100.0 100.0 100.0 100.0
2001 103.0 102.3 102.2 105.7 99.8
2002 106.7 105.6 103.6 112.8 100.1
1999 Q1 97.7 97.6 98.3 93.5 97.6
1999 Q2 98.8 98.6 98.7 95.1 99.3
1999 Q3 99.2 99.1 99.1 96.0 101.0
1999 Q4 99.1 99.1 99.3 96.8 99.7
2000 Q1 99.9 99.8 99.5 97.5 100.3
2000 Q2 99.6 99.7 99.8 98.8 100.2
2000 Q3 100.1 100.1 100.1 100.9 100.1
2000 Q4 100.5 100.4 100.6 102.8 99.4
2001 Q1 101.8 101.5 101.3 103.7 100.0
2001 Q2 102.9 102.2 102.2 105.6 99.5
2001 Q3 103.1 102.2 102.7 105.7 100.7
2001 Q4 104.4 103.3 102.8 107.8 99.0
2002 Q1 105.5 104.5 103.4 109.4 99.3
2002 Q2 106.3 105.2 103.3 112.8 99.2
2002 Q3 107.1 105.9 103.5 113.8 100.9
2002 Q4 108.1 106.7 104.0 115.1 100.9
2003 Q1 109.7 108.0 104.6 119.1 100.3
2003 Q2 110.7 108.7 104.7 122.7 101.2
2003 Q3 111.1 109.2 105.1 123.3 102.6
National Accounts
deflators
Producer
Exports Imports prices (a)
of goods of goods
and and Input Output
services services prices prices
1999 97.9 97.0 96.4 100.2
2000 100.0 100.0 100.0 100.0
2001 99.2 100.0 98.3 99.4
2002 100.1 97.8 93.4 99.3
1999 Q1 97.7 96.8 96.1 100.5
1999 Q2 97.7 96.4 95.8 100.3
1999 Q3 97.7 97.1 96.6 99.9
1999 Q4 98.3 97.6 97.0 100.1
2000 Q1 98.5 98.0 98.0 100.1
2000 Q2 99.3 99.1 98.8 100.1
2000 Q3 100.8 100.7 101.2 100.0
2000 Q4 101.3 101.9 102.0 99.8
2001 Q1 101.1 101.7 101.3 99.5
2001 Q2 101.0 101.5 100.1 99.5
2001 Q3 96.6 99.4 97.1 99.4
2001 Q4 98.3 97.5 94.7 99.3
2002 Q1 100.5 98.6 94.2 99.0
2002 Q2 100.5 98.3 93.8 99.2
2002 Q3 99.4 97.6 93.2 99.5
2002 Q4 100.2 96.8 92.6 99.7
2003 Q1 101.0 97.3 92.5 100.2
2003 Q2 101.5 97.8 93.2 100.4
2003 Q3 101.5 98.2 93.2 100.7
Retail prices (b)
All items
Annual
Index change RPIX RPIY
1999 97.2 1.6 97.9 98.2
2000 100.0 2.9 100.0 100.0
2001 101.8 1.8 102.1 102.4
2002 103.5 1.6 104.4 104.7
1999 Q1 96.2 2.2 96.8 97.3
1999 Q2 97.2 1.4 98.1 98.3
1999 Q3 97.3 1.2 98.1 98.3
1999 Q4 98.0 1.5 98.7 99.0
2000 Q1 98.4 2.3 98.8 99.2
2000 Q2 100.2 3.1 100.1 100.0
2000 Q3 100.4 3.2 100.2 100.1
2000 Q4 101.0 3.1 100.8 100.7
2001 Q1 100.9 2.6 100.7 100.7
2001 Q2 102.1 1.9 102.4 102.6
2001 Q3 102.2 1.8 102.6 102.9
2001 Q4 102.1 1.0 102.8 103.2
2002 Q1 102.1 1.2 103.1 103.5
2002 Q2 103.4 1.2 104.3 104.5
2002 Q3 103.7 1.5 104.6 104.9
2002 Q4 104.7 2.5 105.5 106.0
2003 Q1 105.3 3.0 106.1 106.7
2003 Q2 106.5 3.0 107.4 107.4
2003 Q3 106.8 2.9 107.6 107.7
(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 [pound sterling], seasonally adjusted
Net
Operating property Net Taxes on
surplus income transfers income
1999 189884 -55092 9259 33370
2000 195074 -52188 9113 35120
2001 195717 -54616 9905 35448
2002 215386 -40514 12937 30460
1999 Q1 43989 -13152 3420 7366
1999 Q2 47779 -17415 1356 7434
1999 Q3 49032 -11921 3488 8571
1999 Q4 49084 -12604 995 9999
2000 Q1 51165 -11688 3679 9304
2000 Q2 49352 -13758 470 8706
2000 Q3 48082 -12454 3847 8844
2000 Q4 46475 -14288 1117 8266
2001 Q1 48359 -14455 4106 9167
2001 Q2 47888 -12443 110 9183
2001 Q3 49094 -12748 4342 8529
2001 Q4 50376 -14970 1347 8569
2002 Q1 51988 -10899 3817 7433
2002 Q2 51765 -12580 514 8556
2002 Q3 54861 -9987 6063 7900
2002 Q4 56772 -7048 2543 6571
2003 Q1 58509 -6583 3581 8029
2003 Q2 58563 -12116 174 8582
2003 Q3 59474 8151
Social Social Gross
contributions benefits disposable
received paid FISIM (a) income (b)
1999 76854 60769 26768 96645
2000 80744 72128 33659 87546
2001 79511 72063 34779 82764
2002 82169 70671 40424 124636
1999 Q1 19676 14726 5008 26077
1999 Q2 19503 14667 5579 22799
1999 Q3 19412 15841 9101 25690
1999 Q4 18263 15535 7080 22079
2000 Q1 17145 15212 9544 25481
2000 Q2 20270 19059 6924 20536
2000 Q3 19976 18220 9478 21734
2000 Q4 23353 19637 7713 19795
2001 Q1 21037 18732 9442 20193
2001 Q2 19574 17659 4840 22040
2001 Q3 18447 17286 11187 20654
2001 Q4 20453 18386 9310 19877
2002 Q1 20465 17183 11758 28191
2002 Q2 21120 18646 6140 26390
2002 Q3 20732 18490 11998 32325
2002 Q4 19852 16352 10528 37730
2003 Q1 23434 19576 12913 38408
2003 Q2 20475 18393 8073 32100
2003 Q3 13277 32329
Financial balance (c)
Invest-
ment Total % GDP Gearing(d)
1999 113343 -30391 -3.4 20.6
2000 117770 -37433 -3.9 20.8
2001 115832 -37512 -3.8 27.3
2002 110416 7000 0.7 32.9
1999 Q1 28075 -6575 -3.0 20.0
1999 Q2 27237 -8839 -3.9 21.0
1999 Q3 29291 -6684 -2.9 21.9
1999 Q4 28740 -8293 -3.6 19.5
2000 Q1 28718 -4949 -2.1 20.7
2000 Q2 28371 -8608 -3.6 20.5
2000 Q3 30115 -10216 -4.3 20.1
2000 Q4 30566 -13660 -5.7 21.9
2001 Q1 30382 -12247 -5.0 25.5
2001 Q2 30795 -9831 -4.0 26.3
2001 Q3 27947 -8197 -3.3 30.1
2001 Q4 26708 -7237 -2.9 27.1
2002 Q1 26859 -1029 -0.4 26.9
2002 Q2 26152 -1082 -0.4 30.3
2002 Q3 28446 2131 0.8 37.6
2002 Q4 28959 6980 2.6 36.8
2003 Q1 27734 8483 3.1 39.6
2003 Q2 27394 4491 1.6 36.2
2003 Q3 27535 2833 1.0
(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.
Source: Economic Trends Quarterly National Accounts Supplement.
Table 8. Household sector
million [pounds sterling], seasonally adjusted
Resources
Operating Net proper- Net Social
surplus ty income transfers benefits
1999 105761 71151 12115 181607
2000 111357 74723 13508 198453
2001 120455 80304 13735 208026
2002 126397 69746 16165 216204
1999 Q1 25709 15201 2657 44353
1999 Q2 26117 21627 3055 44263
1999 Q3 26744 16625 3178 46088
1999 Q4 27191 17698 3225 46903
2000 Q1 27555 17633 3136 46334
2000 Q2 27272 18651 3241 50502
2000 Q3 28146 19354 3393 49748
2000 Q4 28384 19085 3738 51869
2001 Q1 29113 20850 3365 51502
2001 Q2 29797 18767 3237 51612
2001 Q3 30424 19457 3672 51499
2001 Q4 31121 21230 3461 53413
2002 Q1 31365 17877 3524 52451
2002 Q2 31200 17789 4471 54653
2002 Q3 31686 17139 4221 54746
2002 Q4 32146 16941 3949 54354
2003 Q1 32562 17000 3714 56038
2003 Q2 32945 17440 4068 56466
2003 Q3 33384 19020 3183 57902
Uses
Employee
compen- Taxes on Social con- Gross dispos-
sation income tributions able income (a)
1999 495596 112790 144272 609369
2000 532518 122967 153093 654649
2001 564067 130531 155584 700538
2002 587499 131240 163794 721044
1999 Q1 121729 27162 36228 146292
1999 Q2 122868 28133 36373 153513
1999 Q3 125027 29042 36634 152033
1999 Q4 125972 28453 35037 157531
2000 Q1 128928 29238 34983 159378
2000 Q2 131583 30824 38072 162435
2000 Q3 134670 31134 38649 165558
2000 Q4 137337 31771 41389 167278
2001 Q1 139609 32535 40015 171835
2001 Q2 140102 32755 38294 172532
2001 Q3 141157 32461 37959 175818
2001 Q4 143199 32780 39316 180353
2002 Q1 144705 32486 40615 176825
2002 Q2 146120 32535 40859 180860
2002 Q3 147821 33107 41361 181170
2002 Q4 148853 33112 40959 182189
2003 Q1 150783 33934 43162 183014
2003 Q2 152863 33996 43319 186493
2003 Q3 154808 33968 45370 188973
Uses
Gross Saving Financial
saving ratio Investment balance (b)
1999 32947 5.2 38602 -3272
2000 36732 5.5 39182 -150
2001 47611 6.7 43603 7303
2002 39788 5.5 49607 -6619
1999 Q1 6387 4.2 9893 -2902
1999 Q2 11297 7.1 9076 2720
1999 Q3 7133 4.6 9303 -1595
1999 Q4 8130 5.1 10330 -1495
2000 Q1 6585 4.1 10386 -3248
2000 Q2 7540 4.6 9826 -1813
2000 Q3 10312 6.1 9573 1355
2000 Q4 12295 7.2 9397 3556
2001 Q1 13112 7.5 10531 2912
2001 Q2 10702 6.1 10466 1599
2001 Q3 10743 6.1 11893 -259
2001 Q4 13054 7.2 10713 3051
2002 Q1 9561 5.3 11787 -1544
2002 Q2 10715 5.9 12641 -1280
2002 Q3 10355 5.6 11886 -583
2002 Q4 9157 5.0 13293 -3212
2003 Q1 9898 5.3 13022 -1894
2003 Q2 10035 5.3 13460 -2590
2003 Q3 11359 5.9 13997 -1491
(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-
facturing facturing Total
million [pounds sterling], 2000 prices
1999 18590 88769 107359
2000 18024 94278 112302
2001 16273 100064 116337
2002 14590 98706 113296
1999 Q1 4738 22408 27146
1999 Q2 4568 21768 26336
1999 Q3 4514 22271 26785
1999 Q4 4770 22322 27092
2000 Q1 4538 22393 26931
2000 Q2 4332 22967 27299
2000 Q3 4607 23710 28317
2000 Q4 4547 25208 29755
2001 Q1 4214 25337 29551
2001 Q2 4210 25197 29407
2001 Q3 3904 25252 29156
2001 Q4 3945 24278 28223
2002 Q1 3712 24352 28064
2002 Q2 3822 25082 28904
2002 Q3 3661 24457 28118
2002 Q4 3395 24815 28210
2003 Q1 3587 24119 27706
2003 Q2 3363 24819 28182
2003 Q3 3113 24727 27840
Housing
Total
General
govt (excl.
Private Public dwellings)
million [pounds sterling], 2000 prices
1999 25508 1864 9516 155576
2000 25604 1790 10308 161210
2001 25937 2062 11489 167032
2002 30026 2799 11879 170004
1999 Q1 6345 390 2475 38907
1999 Q2 6536 645 2195 38331
1999 Q3 6053 370 2481 38674
1999 Q4 6574 459 2365 39664
2000 Q1 6638 378 2328 39298
2000 Q2 6511 459 2516 39471
2000 Q3 6389 430 2533 40417
2000 Q4 6066 523 2931 42024
2001 Q1 6499 545 2273 41707
2001 Q2 6327 442 3079 42069
2001 Q3 6617 525 2993 41974
2001 Q4 6494 550 3144 41282
2002 Q1 7007 565 2980 41206
2002 Q2 7211 601 2876 42702
2002 Q3 7697 704 3075 42837
2002 Q4 8111 929 2948 43259
2003 Q1 7916 674 3671 42765
2003 Q2 8273 827 3535 43560
2003 Q3 8282 870 3658 43359
Change in inventories
Manu- Distri-
facturing bution Other Total (a)
million [pounds sterling], 2000 prices
1999 111 3184 3159 6454
2000 1722 3172 380 5274
2001 -496 993 2803 3300
2002 -1967 1655 2003 1691
1999 Q1 -I6 598 2165 2747
1999 Q2 -541 1007 34 500
1999 Q3 437 708 517 1662
1999 Q4 231 871 443 1545
2000 Q1 640 1219 -1039 820
2000 Q2 399 803 60 1262
2000 Q3 282 1070 586 1938
2000 Q4 401 80 773 1254
2001 Q1 578 501 -318 761
2001 Q2 -215 576 1696 2057
2001 Q3 -538 491 435 388
2001 Q4 -321 -575 990 94
2002 Q1 547 -1149 1397 795
2002 Q2 -1317 1560 -971 -728
2002 Q3 -708 609 186 87
2002 Q4 -489 635 1391 1537
2003 Q1 -171 -157 1533 1205
2003 Q2 -234 195 274 235
2003 Q3 501 911
Stock-output ratio
Manu- Distri- Whole
facturing bution economy
2000=100
1999 96.4 107.7 102.3
2000 96.7 113.6 102.4
2001 99.0 115.9 104.0
2002 100.0 112.1 103.7
1999 Q1 97.7 105.4 102.2
1999 Q2 96.3 107.4 102.1
1999 Q3 95.8 108.3 102.5
1999 Q4 95.8 109.7 102.6
2000 Q1 96.5 111.9 101.8
2000 Q2 96.6 113.2 102.0
2000 Q3 96.8 114.3 102.5
2000 Q4 96.7 115.0 103.2
2001 Q1 97.8 115.4 102.9
2001 Q2 99.4 116.5 104.3
2001 Q3 98.7 117.4 104.6
2001 Q4 100.1 114.3 104.1
2002 Q1 102.0 110.2 104.5
2002 Q2 100.8 112.7 103.7
2002 Q3 98.6 112.7 103.0
2002 Q4 98.7 113.1 103.6
2003 Q1 98.3 112.8 104.4
2003 Q2 97.3 111.8 104.2
2003 Q3 104.1
(a) Includes acquisitions less disposals of valuables.
Sources: Economic Trends Quarterly National Supplement;
NIESR calculations.
Table 10. Financial indicators
Nominal interest rates
Base Mortgage 10-year
rate (c) bond
1999 5.3 6.4 5.1
2000 6.0 6.8 5.3
2001 5.1 5.9 4.9
2002 4.0 5.0 4.9
1999 Q1 5.7 6.5 4.5
1999 Q2 5.2 6.4 4.9
1999 Q3 5.1 6.3 5.5
1999 Q4 5.4 6.5 5.5
2000 Q1 5.9 6.9 5.6
2000 Q2 6.0 6.9 5.3
2000 Q3 6.0 6.8 5.3
2000 Q4 6.0 6.7 5.1
2001 Q1 5.9 6.4 4.8
2001 Q2 5.4 6.1 5.1
2001 Q3 5.1 5.8 5.1
2001 Q4 4.2 5.2 4.8
2002 Q1 4.0 5.1 5.1
2002 Q2 4.0 5.0 5.2
2002 Q3 4.0 5.0 4.7
2002 Q4 4.0 5.0 4.6
2003 Q1 3.8 4.8 4.3
2003 Q2 3.8 4.7 4.3
2003 Q3 3.5 4.5 4.6
Exchange rates
Effective Sterling
(1990=
100) dollar euro
1999 103.7 1.62 1.52
2000 107.5 1.52 1.64
2001 105.8 1.44 1.61
2002 106.0 1.50 1.59
1999 Q1 101.1 1.63 1.46
1999 Q2 104.1 1.61 1.52
1999 Q3 103.8 1.60 1.53
1999 Q4 105.9 1.63 1.57
2000 Q1 108.4 1.61 1.63
2000 Q2 107.7 1.53 1.64
2000 Q3 106.4 1.48 1.63
2000 Q4 107.6 1.45 1.66
2001 QI 104.5 1.46 1.58
2001 Q2 106.4 1.42 1.63
2001 Q3 106.1 1.44 1.62
2001 Q4 106.1 1.44 1.61
2002 Q1 106.9 1.43 1.63
2002 Q2 105.3 1.46 1.59
2002 Q3 105.7 1.55 1.58
2002 Q4 106.0 1.57 1.58
2003 Q1 102.3 1.60 1.49
2003 Q2 99.1 1.62 1.43
2003 Q3 99.2 1.61 1.43
Monetary aggregates (a)
M0
Asset prices
Annual
Equity House growth
prices (d) prices (d) Total rate
2000=100
1999 95.8 87.0 29.4 8.0
2000 100.0 100.0 31.5 7.3
2001 88.0 108.1 33.8 7.4
2002 73.0 125.6 36.4 7.7
1999 Q1 91.0 82.8 28.2 5.5
1999 Q2 97.3 84.5 28.9 7.6
1999 Q3 96.3 87.9 29.4 7.4
1999 Q4 98.6 92.8 30.9 11.6
2000 Q1 100.1 96.2 30.5 8.2
2000 Q2 98.9 99.2 31.2 7.7
2000 Q3 101.9 99.3 31.9 8.7
2000 Q4 99.1 105.3 32.3 4.5
2001 QI 95.2 105.9 33.0 8.3
2001 Q2 91.9 107.2 33.2 6.7
2001 Q3 83.5 109.2 34.0 6.3
2001 Q4 81.5 110.2 35.0 8.2
2002 Q1 82.4 115.1 35.5 7.6
2002 Q2 80.5 121.7 36.3 9.3
2002 Q3 66.0 127.7 36.7 7.9
2002 Q4 63.2 137.9 37.0 5.9
2003 Q1 58.3 142.0 37.8 6.4
2003 Q2 63.4 143.0 38.8 6.8
2003 Q3 67.5 144.4 39.5 7.8
Monetary aggregates (a)
M4
Annual
growth
Total rate PSNCR (b)
1999 798.4 5.0 -1296
2000 857.6 7.4 -37562
2001 922.6 7.6 -2921
2002 976.3 5.8 17165
1999 Q1 788.0 6.8 -5641
1999 Q2 795.0 5.7 5334
1999 Q3 796.3 3.3 -3185
1999 Q4 814.2 4.2 2196
2000 Q1 831.0 5.5 -12886
2000 Q2 849.5 6.9 -11831
2000 Q3 867.0 8.9 -16499
2000 Q4 882.9 8.4 3654
2001 QI 901.1 8.4 -12573
2001 Q2 913.6 7.5 6317
2001 Q3 934.9 7.8 -6138
2001 Q4 940.7 6.5 9473
2002 Q1 950.5 5.5 -6334
2002 Q2 964.6 5.6 7056
2002 Q3 984.0 5.3 665
2002 Q4 1006.1 6.9 15778
2003 Q1 1009.9 6.2 -1035
2003 Q2 1029.9 6.8 16189
2003 Q3 1040.3 5.7 6021
(a) Seasonally adjusted, billion [pounds sterling].
(b) Seasonally adjusted, million [pounds sterling].
(c) Average. (d) FT All-share index. (e) Department of
Environment mix-adjusted series.
Source: Financial Statistics, except for Col. 5: NIESR estimate.
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
1999 -24416 -2.7 166166 195217
2000 -24094 -2.5 187936 220912
2001 -23503 -2.4 190050 230670
2002 -17971 -1.7 186517 233147
1999 Q1 -8927 -4.0 38959 46893
1999 Q2 -4832 -2.2 40378 46976
1999 Q3 -5045 -2.2 43582 50180
1999 Q4 -5612 -2.4 43247 51168
2000 Q1 -4085 -1.7 44374 51854
2000 Q2 -6007 -2.5 46851 54256
2000 Q3 -5646 -2.4 47445 56289
2000 Q4 -8356 -3.5 49266 58513
2001 Q1 -4614 -1.9 49554 58824
2001 Q2 -6417 -2.6 48256 58890
2001 Q3 -6063 -2.4 46539 56715
2001 Q4 -6409 -2.5 45701 56241
2002 Q1 -5934 -2.3 45800 57051
2002 Q2 -5839 -2.3 49380 59657
2002 Q3 -2260 -0.9 46816 58641
2002 Q4 -3938 -1.5 44521 57798
2003 Q1 -2663 -1.0 47562 58663
2003 Q2 -7782 -2.9 46330 57486
2003 Q3 -8083 -2.9 46265 57920
Total balance of payments
Trade in services Balance of Net
goods & investment
Exports Imports services income
1999 72628 59494 -15917 -1317
2000 79071 65645 -19550 5058
2001 81658 68658 -27620 10657
2002 86470 71304 -31464 22085
1999 Q1 17769 14590 -4755 -2289
1999 Q2 18229 14770 -3139 -244
1999 Q3 17586 14572 -3584 579
1999 Q4 19044 15562 -4439 637
2000 Q1 18914 15453 -4019 1970
2000 Q2 19257 16209 -4357 288
2000 Q3 20166 16716 -5394 2380
2000 Q4 20734 17267 -5780 420
2001 Q1 21453 17476 -5293 2608
2001 Q2 21497 17414 -6551 2587
2001 Q3 18488 17116 -8804 2831
2001 Q4 20220 16652 -6972 2631
2002 Q1 21427 17623 -7447 4112
2002 Q2 20846 17734 -7165 3606
2002 Q3 22369 18193 -7649 6472
2002 Q4 21828 17754 -9203 7895
2003 Q1 21051 18433 -8483 8149
2003 Q2 20560 17971 -8567 3856
2003 Q3 20893 18203 -8965 3336
Net overseas
Total assets (a)
balance of
payments Per cent
of
Transfers Total GDP (b)
1999 -7182 -70.6 -7.7
2000 -9602 -36.1 -3.8
2001 -6540 -29.8 -3.0
2002 -8592 -54.6 -5.1
1999 Q1 -1883 -141.0 -15.9
1999 Q2 -1449 -120.5 -13.4
1999 Q3 -2040 -112.0 -12.3
1999 Q4 -1810 -70.6 -7.7
2000 Q1 -2036 -65.9 -7.0
2000 Q2 -1938 -23.7 -2.5
2000 Q3 -2632 -35.4 -3.7
2000 Q4 -2996 -36.1 -3.8
2001 Q1 -1929 -14.5 -1.5
2001 Q2 -2453 -22.9 -2.3
2001 Q3 -90 -30.3 -3.0
2001 Q4 -2068 -29.8 -3.0
2002 Q1 -2599 -40.9 -4.0
2002 Q2 -2280 -21.3 -2.1
2002 Q3 -1083 -35.7 -3.4
2002 Q4 -2630 -54.6 -5.1
2003 Q1 -2329 -17.8 -1.6
2003 Q2 -3071 -19.8 -1.8
2003 Q3 -2454 -13.0 -1.2
(a) Not seasonally adjusted; annual totals are end-year.
(b) Annualised money GDP.
Source: Economic Trends Quarterly National Supplement.
Table 12. Exports and imports
Seasonally adjusted, 1995=100
Total goods
Exports Imports
Volume Price Volume Price
1999 126.2 93.0 141.9 86.7
2000 138.1 95.0 154.9 89.4
2001 141.6 94.3 161.8 89.4
2002 141.0 95.2 168.2 87.5
1999 Q1 120.1 92.9 137.3 86.5
1999 Q2 124.1 92.9 138.4 86.2
1999 Q3 129.5 92.9 144.1 86.8
1999 Q4 131.1 93.4 147.8 87.2
2000 Q1 133.0 93.6 148.4 87.6
2000 Q2 137.7 94.4 153.6 88.6
2000 Q3 138.8 95.7 156.7 90.1
2000 Q4 142.9 96.3 160.7 91.1
2001 Q1 145.3 96.1 162.2 90.9
2001 Q2 142.9 96.0 162.6 90.7
2001 Q3 139.3 91.8 160.6 88.8
2001 Q4 138.8 93.4 161.7 87.1
2002 Q1 138.3 95.5 163.7 88.1
2002 Q2 144.6 95.5 170.2 87.9
2002 Q3 144.0 94.4 170.2 87.3
2002 Q4 137.0 95.2 168.7 86.6
2003 Q1 140.5 96.0 171.2 87.0
2003 Q2 136.4 96.4 166.7 87.5
2003 Q3 136.9 96.4 167.5 87.8
Total services
Exports Imports
Volume Price Volume Price
1999 139.4 104.4 152.1 94.4
2000 143.8 110.1 164.9 96.0
2001 147.0 111.2 166.9 99.2
2002 150.9 114.8 173.0 99.5
1999 Q1 137.8 103.3 148.2 95.0
1999 Q2 140.8 103.7 151.2 94.3
1999 Q3 134.9 104.4 149.0 94.4
1999 Q4 144.0 106.0 160.1 93.8
2000 Q1 141.4 107.2 158.9 93.9
2000 Q2 141.3 109.2 164.7 95.0
2000 Q3 145.3 111.2 166.1 97.1
2000 Q4 147.3 112.7 169.9 98.1
2001 Q1 151.8 113.2 169.5 99.5
2001 Q2 151.7 113.5 169.1 99.4
2001 Q3 142.1 104.2 167.0 98.9
2001 Q4 142.3 113.9 162.2 99.1
2002 Q1 147.2 116.6 171.8 99.0
2002 Q2 144.6 115.5 171.9 99.6
2002 Q3 159.6 112.3 175.1 100.3
2002 Q4 152.3 114.8 173.2 99.0
2003 Q1 147.0 114.8 177.8 100.1
2003 Q2 141.4 116.5 171.6 101.1
2003 Q3 145.3 115.2 172.5 101.9
Competitor's producer prices (a)
US Japan Germany
1999 113.5 129.3 101.6
2000 126.4 145.5 96.7
2001 133.9 132.8 101.7
2002 127.6 121.0 102.1
1999 Q1 110.6 124.9 105.0
1999 Q2 113.7 122.0 101.2
1999 Q3 115.3 131.1 101.2
1999 Q4 114.5 139.5 98.8
2000 Q1 117.6 138.8 95.9
2000 Q2 124.5 145.4 96.0
2000 Q3 129.9 149.4 97.9
2000 Q4 133.4 148.4 97.2
2001 Q1 132.3 136.2 103.4
2001 Q2 137.2 133.8 101.3
2001 Q3 134.4 132.7 101.6
2001 Q4 131.8 128.5 100.7
2002 Q1 132.8 121.0 100.0
2002 Q2 130.9 123.0 102.3
2002 Q3 123.9 122.5 103.1
2002 Q4 122.8 117.5 103.2
2003 Q1 122.9 118.8 110.8
2003 Q2 120.5 117.5 115.8
2003 Q3 121.8 118.9 115.4
(a) Sterling indices.
Source: Cols. 1-8: Economic Trends Quarterly Supplement and UK Visible
Trade Press Notice; Cols. 9-11 NIESR calculations.
Table 13. Gross product and productivity in industrial countries
and OECD
Seasonally adjusted, Index numbers, 1994=100
Gross domestic product
US Canada Japan France
Constant prices
1994 (a) 37.1 3.4 14.1 6.3
1999 120.9 119.6 106.2 112.1
2000 125.3 125.9 108.9 116.8
2001 125.9 128.3 109.3 119.2
2002 128.7 132.5 108.9 120.7
1999 Q1 118.9 117.3 105.6 110.4
1999 Q2 119.9 118.6 106.4 111.4
1999 Q3 121.3 120.3 106.2 112.5
1999 Q4 123.4 122.3 106.7 114.0
2000 Q1 123.7 124.0 107.5 115.5
2000 Q2 125.7 125.3 108.4 116.5
2000 Q3 125.5 126.9 109.0 116.9
2000 Q4 126.2 127.5 110.5 118.4
2001 Q1 126.1 127.9 110.9 119.1
2001 Q2 125.9 128.2 109.6 119.1
2001 Q3 125.5 128.0 108.6 119.6
2001 Q4 126.1 129.2 108.0 119.2
2002 Q1 127.6 131.0 107.5 120.1
2002 Q2 128.2 132.3 108.6 120.9
2002 Q3 129.3 133.2 109.5 121.1
2002 Q4 129.7 133.7 110.0 120.8
2003 Q1 130.3 134.4 110.4 120.8
2003 Q2 131.3 134.1 111.1 120.4
2003 Q3 133.9 134.5 111.5 120.9
Gross domestic product
Germany Italy UK OECD
Constant prices
1994 (a) 9.2 5.9 5.9 100.0
1999 107.9 109.8 115.6 115.9
2000 111.3 113.4 120.0 120.3
2001 112.4 115.3 122.6 121.3
2002 106.0 115.8 124.6 123.4
1999 Q1 107.1 108.6 114.3 114.2
1999 Q2 106.8 109.3 114.7 115.1
1999 Q3 108.3 110.1 116.0 116.5
1999 Q4 109.5 111.1 117.5 117.9
2000 Q1 110.4 112.4 118.9 119.0
2000 Q2 111.6 113.0 119.7 120.2
2000 Q3 111.5 113.7 120.6 120.8
2000 Q4 111.6 114.5 120.9 121.3
2001 Q1 112.5 115.4 121.9 121.6
2001 Q2 112.5 115.4 122.3 121.2
2001 Q3 112.3 115.4 122.7 121.1
2001 Q4 112.2 115.3 123.3 121.4
2002 Q1 112.4 115.3 123.6 122.3
2002 Q2 112.6 115.6 124.1 123.0
2002 Q3 112.8 115.9 125.1 123.9
2002 Q4 112.7 116.3 125.7 124.6
2003 Q1 112.5 116.1 125.9 125.0
2003 Q2 112.3 115.9 126.7
2003 Q3 112.5 116.5 127.7
Gross product per person employed (b)
US Canada Japan France
1994 (a)
1999 111.4 107.9 106.1 105.5
2000 112.6 110.7 109.0 107.0
2001 113.2 111.6 110.0 107.4
2002 116.0 112.7 111.0 108.2
1999 Q1 110.0 106.9 105.5 104.7
1999 Q2 110.7 107.4 106.3 105.3
1999 Q3 111.8 108.2 106.1 105.6
1999 Q4 113.1 109.2 106.6 106.3
2000 Q1 111.5 109.8 107.8 106.8
2000 Q2 113.0 110.4 108.6 107.0
2000 Q3 113.0 111.5 109.2 106.7
2000 Q4 113.1 111.2 110.2 107.5
2001 Q1 112.7 111.3 110.9 107.6
2001 Q2 113.0 111.5 110.2 107.4
2001 Q3 113.0 111.3 109.6 107.6
2001 Q4 114.0 112.2 109.2 107.0
2002 Q1 115.4 112.9 109.1 107.7
2002 Q2 115.7 113.0 110.9 108.4
2002 Q3 116.3 112.8 111.7 108.5
2002 Q4 116.8 112.3 112.5 108.1
2003 Q1 116.7 112.3 113.0 108.4
2003 Q2 117.4 112.0 113.3
2003 Q3 119.8 112.1
Gross product per person employed (b)
Germany Italy UK
1994(a)
1999 105.7 107.0 108.4
2000 107.1 108.5 110.9
2001 107.7 108.2 112.5
2002 108.6 107.0 114.1
1999 Q1 105.4 106.4 108.0
1999 Q2 105.2 106.7 107.7
1999 Q3 105.8 107.1 108.4
1999 Q4 106.5 107.8 109.5
2000 Q1 106.8 109.0 110.5
2000 Q2 107.5 108.6 110.7
2000 Q3 107.2 108.4 111.2
2000 Q4 106.9 108.0 111.3
2001 Q1 107.8 108.5 112.0
2001 Q2 107.8 108.6 112.2
2001 Q3 107.7 108.0 112.6
2001 Q4 107.6 107.5 113.0
2002 Q1 107.9 106.6 113.2
2002 Q2 108.4 106.9 113.7
2002 Q3 108.9 107.1 114.6
2002 Q4 109.4 107.4 115.0
2003 Q1 109.5 106.5 115.0
2003 Q2 109.5 105.8 115.3
2003 Q3 110.0 116.0
(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 OECD
Seasonally adjusted, per cent of total labour force
By national definitions
US Canada Japan France Germany
1999 4.2 7.6 4.6 10.7 8.4
2000 4.0 6.8 4.8 9.3 7.8
2001 4.8 7.2 5.0 8.7 7.8
2002 5.8 7.6 5.4 9.1 8.6
1999 Q1 4.3 7.9 4.6 11.2 8.6
1999 Q2 4.3 7.8 4.7 11.0 8.5
1999 Q3 4.3 7.5 4.7 10.5 8.4
1999 Q4 4.1 7.0 4.6 10.2 8.2
2000 Q1 4.0 6.8 4.8 9.8 7.9
2000 Q2 4.0 6.7 4.7 9.5 7.8
2000 Q3 4.0 6.9 4.7 9.2 7.7
2000 Q4 3.9 6.9 4.8 8.9 7.6
2001 Q1 4.2 6.9 4.7 8.6 7.6
2001 Q2 4.4 7.1 4.9 8.6 7.7
2001 Q3 4.8 7.2 5.1 8.7 7.9
2001 Q4 5.6 7.6 5.4 8.8 8.1
2002 Q1 5.6 7.8 5.3 8.9 8.3
2002 Q2 5.9 7.6 5.4 9.0 8.5
2002 Q3 5.8 7.6 5.4 9.1 8.7
2002 Q4 5.9 7.5 5.4 9.3 8.9
2003 Q1 5.8 7.4 5.4 9.4 9.2
2003 Q2 6.2 7.7 5.4 9.5 9.4
2003 Q3 6.1 7.9 5.2 9.7 9.4
By national
definitions Standardised (a)
Italy UK US Canada Japan
1999 11.3 4.1 4.2 7.6 4.7
2000 10.4 3.6 4.0 6.8 4.7
2001 9.4 3.2 4.8 7.2 5.0
2002 9.0 3.1 5.8 7.6 5.4
1999 Q1 11.5 4.4 4.3 7.9 4.6
1999 Q2 11.3 4.2 4.3 7.9 4.7
1999 Q3 11.2 4.1 4.3 7.5 4.7
1999 Q4 11.0 3.9 4.1 7.0 4.6
2000 Q1 10.9 3.8 4.0 6.8 4.8
2000 Q2 10.5 3.6 4.0 6.7 4.7
2000 Q3 10.3 3.5 4.0 6.9 4.7
2000 Q4 9.9 3.4 3.9 6.9 4.7
2001 Q1 9.7 3.3 4.2 6.9 4.8
2001 Q2 9.5 3.2 4.4 7.1 4.9
2001 Q3 9.4 3.1 4.8 7.2 5.1
2001 Q4 9.2 3.2 5.6 7.7 5.4
2002 Q1 9.0 3.1 5.6 7.8 5.3
2002 Q2 9.0 3.1 5.9 7.6 5.4
2002 Q3 9.0 3.1 5.8 7.6 5.4
2002 Q4 8.9 3.1 5.9 7.6 5.4
2003 Q1 3.1 5.8 7.4 5.4
2003 Q2 3.1 6.2 7.7 5.4
2003 Q3 3.0 6.1 7.9 5.2
Standardised (a)
France Germany Italy UK OECD total
1999 10.7 8.4 11.3 6.0 6.7
2000 9.3 7.8 10.4 5.5 6.3
2001 8.5 7.8 9.4 5.1 6.5
2002 8.8 8.6 9.0 5.1 6.9
1999 Q1 11.2 8.6 11.5 6.2 6.8
1999 Q2 11.0 8.5 11.3 6.0 6.8
1999 Q3 10.6 8.4 11.2 5.9 6.7
1999 Q4 10.2 8.2 11.0 5.8 6.5
2000 Q1 9.8 7.9 10.9 5.8 6.4
2000 Q2 9.4 7.8 10.5 5.5 6.3
2000 Q3 9.1 7.7 10.3 5.3 6.3
2000 Q4 8.8 7.6 9.9 5.2 6.2
2001 Q1 8.6 7.6 9.7 5.1 6.2
2001 Q2 8.5 7.7 9.5 5.0 6.3
2001 Q3 8.5 7.9 9.4 5.1 6.5
2001 Q4 8.5 8.1 9.2 5.2 6.8
2002 Q1 8.6 8.3 9.1 5.1 6.8
2002 Q2 8.7 8.5 9.0 5.1 6.9
2002 Q3 8.9 8.7 9.0 5.3 7.0
2002 Q4 9.0 8.9 8.9 5.1 7.0
2003 Q1 9.2 9.2 8.9 5.1 7.0
2003 Q2 9.3 9.4 8.7 5.0 7.2
2003 Q3 9.4 9.3 8.5 5.0 7.1
(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
1999 119.1 113.9 99.5 109.0 108.1 122.6
2000 126.0 119.4 99.7 111.1 110.4 129.3
2001 129.4 122.1 98.9 114.3 112.3 135.7
2002 132.6 125.0 96.7 117.6 114.1 141.3
1999 Q1 117.8 112.3 99.7 107.7 107.0 121.5
1999 Q2 118.3 113.6 100.0 108.6 108.5 121.9
1999 Q3 119.3 114.2 99.0 109.4 108.2 123.2
1999 Q4 121.2 115.5 99.4 110.2 108.6 123.6
2000 Q1 124.8 117.5 99.9 109.8 109.5 126.1
2000 Q2 124.8 119.4 100.2 110.6 110.1 128.0
2000 Q3 127.0 120.2 99.0 111.5 110.9 130.5
2000 Q4 127.5 120.3 99.7 112.4 111.2 132.7
2001 Q1 128.6 121.3 99.3 112.5 111.8 134.6
2001 Q2 129.0 121.6 99.9 113.8 112.3 134.7
2001 Q3 129.5 122.2 98.6 115.1 112.4 135.7
2001 Q4 130.5 123.3 98.0 116.0 112.9 137.6
2002 Q1 131.4 124.2 97.8 116.9 113.2 138.9
2002 Q2 132.5 124.5 97.7 117.8 113.5 140.5
2002 Q3 133.0 125.1 95.1 118.1 114.7 142.4
2002 Q4 133.5 126.3 96.2 117.7 114.8 143.4
2003 Q1 134.8 126.4 96.8 115.8 145.3
2003 Q2 136.2 126.6 98.4 115.6 147.2
2003 Q3 137.4 116.6 149.1
Conumer prices (b)
US Canada Japan France
1999 108.8 107.7 99.8 106.2
2000 111.5 110.1 98.5 107.4
2001 113.8 112.1 96.9 109.0
2002 115.4 114.1 95.6 111.0
1999 Q1 107.8 106.8 100.0 105.9
1999 Q2 108.5 107.4 99.9 106.1
1999 Q3 109.1 108.0 99.7 106.2
1999 Q4 109.8 108.5 99.5 106.5
2000 Q1 110.8 109.1 99.0 106.9
2000 Q2 111.3 109.6 98.7 107.1
2000 Q3 111.8 110.4 98.3 107.6
2000 Q4 112.3 111.2 98.0 108.1
2001 Q1 113.2 111.2 97.6 108.1
2001 Q2 113.9 112.3 97.2 109.1
2001 Q3 114.0 112.5 96.8 109.4
2001 Q4 114.1 112.2 96.2 109.6
2002 Q1 114.3 112.8 96.1 110.4
2002 Q2 115.2 113.8 95.8 110.8
2002 Q3 115.7 114.7 95.6 111.2
2002 Q4 116.2 115.2 95.1 111.7
2003 Q1 117.0 116.0 94.9 112.6
2003 Q2 117.2 115.8 94.5 112.5
2003 Q3 117.7 116.3 94.2 112.7
Consumer prices (b)
Germany Italy UK OECD total
1999 107.1 118.1 114.3 117.0
2000 108.7 121.5 115.6 119.9
2001 110.4 124.8 118.1 122.5
2002 111.9 128.5 119.7
1999 Q1 106.3 116.8 113.6 115.9
1999 Q2 107.2 117.7 114.1 116.7
1999 Q3 107.2 118.4 114.5 117.3
1999 Q4 107.6 119.3 114.8 118.0
2000 Q1 107.9 120.1 115.0 118.9
2000 Q2 108.2 121.1 115.3 119.5
2000 Q3 109.1 122.0 115.6 120.3
2000 Q4 109.6 122.9 116.2 120.9
2001 Q1 109.7 123.7 117.0 121.7
2001 Q2 110.3 124.6 118.1 122.5
2001 Q3 110.7 125.1 118.6 122.8
2001 Q4 111.0 125.8 118.8 123.0
2002 Q1 111.6 127.4 119.5 123.7
2002 Q2 111.8 128.1 119.4 124.3
2002 Q3 111.9 128.8 119.7 124.8
2002 Q4 112.2 129.7 120.2
2003 Q1 112.8 131.1 120.8
2003 Q2 112.7 131.7 121.0
2003 Q3 112.9 132.6 121.4
(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
1999 145 148 151 119
2000 163 164 165 130
2001 163 154 159 117
2002 148 159 127
1999 Q1 138 143 147 113
1999 Q2 142 144 147 116
1999 Q3 146 149 152 120
1999 Q4 152 154 157 125
2000 Q1 156 157 163 128
2000 Q2 162 162 164 131
2000 Q3 166 169 165 131
2000 Q4 168 167 166 129
2001 Q1 167 165 163 122
2001 Q2 163 157 160 118
2001 Q3 161 149 156 115
2001 Q4 161 146 156 114
2002 Q1 163 145 159 119
2002 Q2 168 149 159 128
2002 Q3 171 151 162 129
2002 Q4 147 157 131
2003 Q1 148 156 129
2003 Q2 147 155 132
2003 Q3 150 154 132
Index numbers, 1994=100
France Germany Italy UK
1999 144 140 126 134
2000 163 159 141 150
2001 166 169 143 154
2002 169 173 143 151
1999 Q1 138 134 122 125
1999 Q2 140 139 124 130
1999 Q3 147 143 127 140
1999 Q4 150 144 131 139
2000 Q1 155 151 141 143
2000 Q2 161 157 138 150
2000 Q3 164 160 144 150
2000 Q4 170 168 142 156
2001 Q1 169 170 148 158
2001 Q2 166 170 143 154
2001 Q3 166 171 140 153
2001 Q4 162 167 140 152
2002 Q1 166 170 135 149
2002 Q2 170 171 142 160
2002 Q3 170 176 148 152
2002 Q4 168 175 146 145
2003 Q1 165 174 135 152
2003 Q2 164 172 135 148
2003 Q3 166 179 147
Relative export performance (c)
US Canada Japan France
1999 102 104 82 99
2000 101 101 80 100
2001 95 98 72 102
2002
1999 Q1 103 106 82 100
1999 Q2 101 103 81 99
1999 Q3 102 104 82 101
1999 Q4 102 104 82 99
2000 Q1 101 104 82 99
2000 Q2 101 102 81 100
2000 Q3 102 100 79 99
2000 Q4 100 99 77 101
2001 Q1 99 98 73 102
2001 Q2 96 98 72 102
2001 Q3 92 97 71 103
2001 Q4 91 97 71 101
2002 Q1 89 98 73 102
2002 Q2 89 94 76 101
2002 Q3 88 95 75 99
2002 Q4
2003 Q1
2003 Q2
2003 Q3
Relative export performance (c)
Germany Italy UK
1999 97 87 92
2000 98 87 92
2001 104 87 94
2002
1999 Q1 97 88 90
1999 Q2 97 87 91
1999 Q3 97 87 96
1999 Q4 95 87 92
2000 Q1 97 90 91
2000 Q2 97 85 93
2000 Q3 97 87 91
2000 Q4 100 85 93
2001 Q1 102 89 95
2001 Q2 104 87 94
2001 Q3 106 87 94
2001 Q4 104 87 94
2002 Q1 105 83 91
2002 Q2 102 84 95
2002 Q3 103 87 89
2002 Q4
2003 Q1
2003 Q2
2003 Q3
(a) Goods only. (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
1999 -291 2 115 32
2000 -411 21 119 19
2001 -394 17 89 23
2002 -481 15 112 26
1999 Q1 -59 0 28 11
1999 Q2 -70 0 29 8
1999 Q3 -79 1 30 8
1999 Q4 -83 1 29 5
2000 Q1 -95 5 32 8
2000 Q2 -99 5 32 6
2000 Q3 -109 5 31 2
2000 Q4 -109 6 25 3
2001 Q1 -104 8 23 8
2001 Q2 -100 6 18 2
2001 Q3 -104 2 22 7
2001 Q4 -86 2 26 6
2002 Q1 -107 4 29 8
2002 Q2 -123 4 30 4
2002 Q3 -123 3 28 6
2002 Q4 -129 3 26 7
2003 Q1 -139 5 29 8
2003 Q2 -139 4 33
2003 Q3 -135 5 38
Germany UK OPEC LDCs
1999 -26 -40 -1 115
2000 -28 -36 79 147
2001 4 -34 44
2002 61 -27 32
1999 Q1 -8 -15 -7 27
1999 Q2 -2 -8 -4 19
1999 Q3 -8 -8 2 27
1999 Q4 -9 -9 8 43
2000 Q1 -4 -7 15 24
2000 Q2 -4 -9 21 30
2000 Q3 -9 -8 23 39
2000 Q4 -10 -12 20 54
2001 Q1 1 -7 14
2001 Q2 -5 -9 12
2001 Q3 4 -9 10
2001 Q4 4 -9 9
2002 Q1 14 -8 8
2002 Q2 11 -9 8
2002 Q3 20 -4 8
2002 Q4 16 -6 8
2003 Q1 12 -4
2003 Q2 9 -13
2003 Q3 22 -13
Short-term interest rate percent (a)
US Canada Japan France
1999 5.3 4.9 0.2 3.0
2000 6.5 5.8 0.3 4.4
2001 3.7 3.7 0.1 4.3
2002 1.7 2.7 0.1 3.3
1999 Q1 4.9 5.0 0.5 3.1
1999 Q2 5.0 4.8 0.1 2.6
1999 Q3 5.4 4.8 0.1 2.7
1999 Q4 6.1 5.1 0.3 3.4
2000 Q1 6.0 5.4 0.1 3.5
2000 Q2 6.6 6.1 0.1 4.3
2000 Q3 6.6 5.8 0.3 4.7
2000 Q4 6.6 5.7 0.5 5.0
2001 Q1 5.3 4.7 0.4 4.8
2001 Q2 4.1 4.4 0.0 4.6
2001 Q3 3.3 3.5 0.0 4.3
2001 Q4 2.1 2.1 0.0 3.4
2002 Q1 1.8 2.2 0.1 3.4
2002 Q2 1.8 2.8 0.0 3.4
2002 Q3 1.8 2.9 0.0 3.4
2002 Q4 1.5 2.8 0.0 3.1
2003 Q1 1.3 3.2 0.0 2.7
2003 Q2 1.2 3.2 0.0 2.4
2003 Q3 1.1 2.8 0.0 2.1
Short-term interest
rate percent (a)
Germany Italy UK
1999 3.0 3.0 5.5
2000 4.4 4.4 6.1
2001 4.3 4.3 5.0
2002 3.3 3.3 4.0
1999 Q1 3.1 3.1 5.5
1999 Q2 2.6 2.6 5.2
1999 Q3 2.7 2.7 5.2
1999 Q4 3.4 3.4 5.9
2000 Q1 3.5 3.5 6.1
2000 Q2 4.3 4.3 6.2
2000 Q3 4.7 4.7 6.1
2000 Q4 5.0 5.0 6.0
2001 Q1 4.8 4.8 5.6
2001 Q2 4.6 4.6 5.2
2001 Q3 4.3 4.3 4.9
2001 Q4 3.4 3.4 4.1
2002 Q1 3.4 3.4 4.0
2002 Q2 3.4 3.4 4.1
2002 Q3 3.4 3.4 4.0
2002 Q4 3.1 3.1 3.9
2003 Q1 2.7 2.7 3.7
2003 Q2 2.4 2.4 3.6
2003 Q3 2.1 2.1 3.5
(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 (b) US Canada Japan
1999 145 171 151 137
2000 163 194 164 151
2001 163 188 155 148
2002 195 157 152
1999 Q1 138 162 145 131
1999 Q2 142 169 148 135
1999 Q3 146 175 151 138
1999 Q4 152 179 159 143
2000 Q1 156 185 163 146
2000 Q2 162 193 164 151
2000 Q3 166 200 165 153
2000 Q4 168 199 163 156
2001 Q1 167 195 158 153
2001 Q2 163 189 157 150
2001 Q3 161 185 155 145
2001 Q4 161 183 148 146
2002 Q1 163 186 150 145
2002 Q2 168 195 157 150
2002 Q3 171 198 160 157
2002 Q4 201 159 154
2003 Q1 198 160 157
2003 Q2 204 162 163
2003 Q3 204 160 165
Index numbers, 1994=100
France Germany Italy UK
1999 141 139 139 148
2000 163 152 152 162
2001 165 153 153 170
2002 167 150 154 177
1999 Q1 135 135 135 143
1999 Q2 139 139 137 143
1999 Q3 142 141 138 152
1999 Q4 148 139 146 153
2000 Q1 155 145 151 155
2000 Q2 160 149 151 160
2000 Q3 166 153 153 164
2000 Q4 171 159 154 168
2001 Q1 168 153 159 170
2001 Q2 166 152 156 171
2001 Q3 164 152 148 169
2001 Q4 162 152 149 172
2002 Q1 165 145 149 172
2002 Q2 168 149 152 180
2002 Q3 168 151 157 179
2002 Q4 167 154 158 178
2003 Q1 166 156 150 180
2003 Q2 167 156 154 176
2003 Q3 167 153 176
Volume relative to domestic demand (c)
US Canada Japan France
1999 139 130 129 127
2000 152 135 140 140
2001 146 124 136 139
2002 147 122 140 139
1999 Q1 135 127 124 123
1999 Q2 138 128 127 125
1999 Q3 142 130 130 128
1999 Q4 142 134 134 131
2000 Q1 147 136 136 135
2000 Q2 150 136 140 139
2000 Q3 155 135 141 143
2000 Q4 154 133 142 145
2001 Q1 151 128 138 142
2001 Q2 147 127 136 140
2001 Q3 143 123 133 138
2001 Q4 142 118 135 136
2002 Q1 142 119 135 138
2002 Q2 148 123 139 140
2002 Q3 148 125 144 140
2002 Q4 150 123 142 139
2003 Q1 147 122 143 138
2003 Q2 150 123 148 138
2003 Q3 147 119 150 138
Volume relative to domestic demand (c)
Germany Italy UK
1999 129 124 125
2000 138 132 131
2001 140 131 135
2002 139 130 136
1999 Q1 126 121 121
1999 Q2 130 122 122
1999 Q3 131 123 128
1999 Q4 128 128 127
2000 Q1 133 132 127
2000 Q2 135 131 130
2000 Q3 139 133 132
2000 Q4 145 133 135
2001 Q1 140 136 136
2001 Q2 139 133 135
2001 Q3 140 127 133
2001 Q4 140 128 134
2002 Q1 135 126 133
2002 Q2 138 129 140
2002 Q3 140 133 138
2002 Q4 143 133 135
2003 Q1 144 137
2003 Q2 144 133
2003 Q3 144 132
(a) Goods only. (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 Trends, Italy IMF
International Financial Statistics, Canada National Income and
Expenditure Accounts.
Table 19. Competitiveness and commodity prices
Index numbers, 1994=100
Export price of manufactures, 1994=100
Relative to world price (b)
World (a) US Canada Japan
1999 94.5 110.5 94.2 95.1
2000 88.9 122.1 100.7 105.5
2001 87.1 123.8 100.5 103.6
2002
1999 Q1 97.5 106.7 89.9 92.3
1999 Q2 93.5 111.2 95.9 91.9
1999 Q3 93.1 111.7 95.4 96.6
1999 Q4 94.1 112.1 95.5 99.4
2000 Q1 92.0 116.7 99.1 101.5
2000 Q2 89.6 121.3 99.8 104.1
2000 Q3 88.1 123.9 101.7 107.0
2000 Q4 85.7 126.6 102.2 109.3
2001 Q1 88.7 121.8 99.3 103.1
2001 Q2 85.4 126.1 102.8 105.1
2001 Q3 86.8 124.0 101.3 104.9
2001 Q4 87.3 123.2 98.6 101.4
2002 Q1
2002 Q2
2002 Q3
2002 Q4
2003 Q1
2003 Q2
2003 Q3
Export price of manufactures, 1994=100
Relative to world price (b)
France Germany Italy UK
1999 95.3 93.6 106.2 112.4
2000 89.5 86.7 105.9 116.2
2001 88.5 85.7 105.4 113.0
2002
1999 Q1 97.6 95.7 107.3 110.0
1999 Q2 95.1 93.3 105.0 112.0
1999 Q3 94.8 92.9 105.8 112.6
1999 Q4 93.6 92.6 106.5 115.0
2000 Q1 91.9 89.7 106.9 117.7
2000 Q2 89.8 86.9 106.4 116.7
2000 Q3 88.7 85.6 105.9 115.0
2000 Q4 87.4 84.5 104.1 115.4
2001 Q1 89.7 86.7 106.7 112.4
2001 Q2 88.2 85.0 105.2 113.8
2001 Q3 88.3 85.4 105.3 113.2
2001 Q4 87.8 85.5 104.2 112.5
2002 Q1
2002 Q2
2002 Q3
2002 Q4
2003 Q1
2003 Q2
2003 Q3
Commodity prices
Food (d) Agri- Minerals
Oil (c) cultural ores
OPEC Deve- non- and
average Developed loping food (d) metals (d)
1999 18.0 82.4 76.8 80.0 88.3
2000 28.2 83.9 65.2 83.7 99.1
2001 24.3 85.8 54.7 79.6 89.4
2002 25.0 86.4 63.7 80.9 86.9
1999 Q1 11.6 85.0 83.2 77.5 79.8
1999 Q2 16.0 82.1 76.8 78.0 84.7
1999 Q3 20.4 81.3 69.0 80.3 92.4
1999 Q4 23.8 81.4 78.1 84.1 96.3
2000 Q1 26.6 84.0 71.3 84.3 102.6
2000 Q2 26.8 85.6 67.3 85.7 97.2
2000 Q3 29.9 82.4 63.3 82.9 100.0
2000 Q4 29.7 83.3 59.0 81.8 96.5
2001 Q1 26.1 85.4 59.0 82.8 96.2
2001 Q2 26.7 86.3 55.7 86.2 93.0
2001 Q3 25.2 89.3 52.0 77.5 85.5
2001 Q4 19.3 82.2 52.1 71.8 82.9
2002 Q1 20.9 81.9 58.9 74.0 87.2
2002 Q2 25.2 83.2 60.3 78.9 88.1
2002 Q3 26.9 89.6 65.4 84.8 85.3
2002 Q4 26.7 90.9 70.3 85.8 87.2
2003 Q1 31.3 90.6 72.9 83.5 91.8
2003 Q2 26.5 89.2 66.2 81.8 92.2
2003 Q3 28.4 88.4 64.3 84.4 97.0
(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
[pounds sterling]
US$ per unit
1999 1.363 1.066 279 1.62
2000 1.315 0.923 279 1.52
2001 1.270 0.895 271 1.44
2002 1.303 0.944 310 1.50
1999 Q1 1.363 1.122 287 1.63
1999 Q2 1.340 1.057 274 1.61
1999 Q3 1.376 1.048 259 1.60
1999 Q4 1.373 1.038 296 1.63
2000 Q1 1.343 0.987 290 1.61
2000 Q2 1.331 0.933 281 1.53
2000 Q3 1.294 0.904 277 1.48
2000 Q4 1.294 0.869 269 1.45
2001 Q1 1.280 0.923 264 1.46
2001 Q2 1.250 0.873 268 1.42
2001 Q3 1.286 0.890 275 1.44
2001 Q4 1.263 0.895 278 1.44
2002 Q1 1.250 0.876 290 1.43
2002 Q2 1.301 0.918 313 1.46
2002 Q3 1.322 0.984 314 1.55
2002 Q4 1.340 0.997 323 1.57
2003 Q1 1.370 1.073 352 1.60
2003 Q2 1.415 1.135 347 1.62
2003 Q3 1.396 1.124 363 1.61
Canada Japan France Germany Italy
C$ Yen F.Franc DM Lira
Units per US$
1999 1.49 114 6.16 1.84 1817
2000 1.49 108 7.12 2.12 2102
2001 1.55 121 7.33 2.19 2164
2002 1.57 125 6.97 2.08 2057
1999 Q1 1.51 116 5.84 1.74 1725
1999 Q2 1.47 121 6.21 1.85 1832
1999 Q3 1.49 113 6.26 1.87 1847
1999 Q4 1.47 104 6.32 1.88 1865
2000 Q1 1.45 107 6.65 1.98 1963
2000 Q2 1.48 107 7.03 2.10 2074
2000 Q3 1.48 108 7.25 2.16 2141
2000 Q4 1.53 110 7.55 2.25 2228
2001 Q1 1.53 118 7.11 2.12 2098
2001 Q2 1.54 123 7.52 2.24 2219
2001 Q3 1.55 122 7.37 2.20 2176
2001 Q4 1.58 124 7.33 2.18 2163
2002 Q1 1.59 132 7.49 2.23 2210
2002 Q2 1.55 127 7.14 2.13 2108
2002 Q3 1.56 119 6.67 1.99 19
