Table I.1. Selected indicators of global economic conditions, 1996-2000

		1996	1997	1998	1999a	2000b
Economic growth (percentage change of GDP)
World		3.0	3.2	1.6	2.6	2.8
Developed economies		2.9	2.6	1.8	2.5	2.2
Japan		3.9	0.9	-2.9	0.9	1.0
United States of America		3.4	3.9	3.9	3.9	2.4
European Union		1.7	2.5	2.7	2.1	2.6
Developing economies		5.7	5.5	1.2	3.3	5.1
Economies in transition		-0.1	1.7	-0.4	1.6	2.2
Growth in volume of trade (percentage)c
World		6.8	9.9	3.6	3.7	6.2
Developed economies	Export	6.3	10.3	3.2	3.0	6.2
	Import	6.5	9.2	4.8	5.9	5.9
Developing economies	Export	8.8	11.4	4.9	2.4	5.6
	Import	8.3	11.4	-1.3	1.1	7.2
Commodity prices
(annual percentage change; US dollar terms)
Non-fuel primary commodities		-1.2	-3.3	-14.8	-7.2	3.4
Oil		18.4	-5.4	-32.1	27.7	7.8
Inflation rate (percentage)d
CPI in the developed economies		2.4	2.1	1.5	1.4	1.8
CPI in the developing economies		14.6	9.2	10.3	6.7	5.8
Exchange rates
(nominal units per US dollar; 1995 = 100)e
Yen per US dollar		115.6	128.6	139.1	125.9	126.7
Deutsche mark per US dollar		105.0	121.0	122.8	127.5	121.4
Euro per US dollar					0.86-0.94f

Sources: United Nations, "Project LINK World Outlook: summary", 1 November 1999; IMF, World Economic Outlook (Washington DC), October 1999; and OECD Economic Outlook (Paris), June 1999.

^a Preliminary estimate.
^b Forecast.
^c Exports and imports (goods and services).
^d Developed and developing economies ratios weighted at purchasing power parity.
^e Period average.
^f Exchange rate between January and August.