| PART ONE: RECENT ECONOMIC AND SOCIAL DEVELOPMENTS
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II. MACROECONOMIC PERFORMANCE, ISSUES AND POLICIES
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Survey 2000 contents
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Table II.1. Selected economies of the ESCAP region: rates of economic growth and inflation, 1998-2002
(Percentage)
|
|
Real GDP
|
Inflation
|
|
|
|
|
|
| 1998
| 1999a
| 2000b
| 2001b
| 2002b
| 1999a
| 2000b
| 2001b
| 2002b
|
|
|
Developing economies of the ESCAP regionc
|
0.1
| 5.6
| 6.2
| 6.4
| 6.5
| 11.3
| 4.0
| 3.7
| 4.2
| 3.8
|
|
South and South-West Asiad
| 5.8
| 4.9
| 6.3
| 6.7
| 6.6
| 14.8
| 10.2
| 8.6
| 7.8
| 6.0
|
| Bangladesh
| 5.7
| 5.2
| 6.4
| 8.3
| 8.3
| 7.0
| 8.9
| 5.0
| 5.0
| 5.0
|
| Bhutan
| 5.8
| 5.1
| 5.2
| ..
| ..
| 9.0
| 9.2
| 9.0
| ..
| ..
|
| India
| 6.8
| 5.9
| 6.9
| 7.1
| 7.2
| 13.1
| 7.0
| 6.0
| 5.0
| 5.0
|
| Iran (Islamic Republic of)
| 1.6
| 2.5
| 4.5
| 5.5
| 6.5
| 20.0
| 23.3
| 19.6
| 17.6
| 15.2
|
| Nepal
| 2.6
| 3.4
| 4.0
| 6.0
| 6.0
| 10.2
| 9.6
| 7.0
| 6.5
| 6.5
|
| Pakistan
| 4.3
| 3.1
| 5.0
| 5.0
| 5.0
| 7.8
| 5.7
| 6.0
| 6.0
| 6.0
|
|
Sri Lanka
| 4.7
| 4.0
| 4.4
| 5.4
| ..
| 9.4
| 6.0
| 7.5
| 6.8
| ..
|
|
Turkey
| 2.8
| -2.3
| 4.6
| 3.9
| ..
| 84.6
| 66.0
| 52.8
| 54.9
| ..
|
|
South-East Asia
| -6.9
| 3.4
| 4.5
| 5.7
| 6.0
| 27.6
| 9.3
| 5.4
| 6.0
| 4.8
|
|
Indonesia
| -13.7
| 0.1
| 3.0
| 6.0
| 6.5
| 77.6
| 20.4
| 4.0
| 6.6
| 8.0
|
|
Malaysia
| -7.5
| 5.4
| 5.8
| 6.5
| 6.6
| 5.3
| 3.0
| 3.0
| 4.0
| 4.0
|
|
Myanmar
| 5.0
| 4.6
| 5.0
| 5.2
| ..
| 51.5
| 38.0
| 32.0
| 26.0
| ..
|
|
Philippines
| -0.5
| 3.2
| 4.5
| 4.6
| 5.4
| 9.0
| 7.0
| 7.0
| 6.5
| 5.5
|
|
Singapore
| 0.4
| 5.4
| 6.0
| 6.8
| 6.5
| -0.3
| 0.4
| 1.0
| 1.3
| 1.4
|
|
Thailand
| -10.4
| 4.1
| 4.4
| 5.0
| 5.2
| 8.1
| 0.3
| 2.5
| 3.5
| 3.5
|
|
Viet Nam
| 5.8
| 4.8
| 5.8
| 6.0
| 6.0
| 9.2
| 2.5
| 6.5
| 7.6
| 8.9
|
|
East and North-East Asia
| 1.6
| 6.7
| 6.9
| 6.7
| 6.7
| 2.7
| -0.4
| 1.5
| 2.3
| 2.8
|
|
China
| 7.8
| 7.2
| 7.5
| 7.8
| 7.6
| -0.8
| -1.4
| 0.0
| 1.1
| 2.3
|
|
Hong Kong, China
| -5.1
| 0.5
| 4.0
| 6.0
| 6.5
| 2.8
| -3.0
| 0.0
| 2.0
| 3.0
|
|
Republic of Korea
| -5.8
| 9.0
| 7.8
| 6.0
| 6.0
| 7.5
| 0.9
| 3.2
| 4.0
| 4.0
|
|
Taiwan Province of China
| 4.8
| 5.2
| 6.0
| 6.2
| 6.1
| 1.7
| 0.5
| 2.2
| 2.0
| 1.8
|
|
Pacific island economies
| 2.0
| 5.8
| 2.0
| 2.0
| 2.0
| 10.9
| 8.4
| 5.7
| 4.1
| 4.1
|
|
Fiji
| 0.5
| 7.8
| 3.0
| 3.4
| 2.6
| 8.1
| 1.0
| 6.0
| 3.0
| 3.0
|
|
Papua New Guinea
| 3.1
| 5.3
| 0.9
| 0.9
| 1.4
| 13.6
| 13.0
| 6.0
| 5.0
| 5.0
|
|
Samoa
| 1.1
| 6.1
| 4.9
| 4.5
| 4.5
| 2.2
| 4.0
| 3.0
| 3.0
| 3.0
|
|
Solomon Islands
| -3.9
| 4.8
| 5.8
| 3.5
| 2.6
| 12.0
| 5.0
| 5.0
| 4.0
| 4.0
|
|
Tonga
| -0.3
| -1.1
| 3.6
| 2.5
| 2.2
| 3.4
| 6.0
| 4.0
| 2.0
| 2.0
|
|
Vanuatu
| 3.4
| 1.1
| 3.3
| 3.2
| 3.2
| 4.1
| 0.5
| 3.0
| 2.0
| 2.0
|
|
Developed economies of the ESCAP region
| -2.3
| 1.1
| 1.1
| 1.4
| 1.6
| 0.7
| -0.1
| 1.0
| 1.4
| 1.5
|
|
Australia
| 4.8
| 3.4
| 3.0
| 3.1
| 2.0
| 0.8
| 1.5
| 3.5
| 5.0
| 4.2
|
|
Japan
| -2.8
| 0.9
| 1.0
| 1.3
| 1.6
| 0.7
| -0.2
| 0.8
| 1.2
| 1.3
|
|
New Zealand
| -0.8
| 2.2
| 3.5
| 3.3
| 4.0
| 1.3
| 2.0
| 1.4
| 1.4
| 1.4
|
Sources: ESCAP secretariat calculations based on IMF, International Financial Statistics, February 2000; ADB, Key Indicators of Developing Asian and Pacific Countries 1999 (Oxford University Press, 1999) and Asian Development Outlook 1999 (Oxford University Press, 1999); United Nations, "Project LINK World Outlook", 30 November 1999; The Economist Intelligence Unit, Country Report: Myanmar (Burma), fourth quarter 1999; OECD Economic Outlook, December 1999; and national sources.
Note: Inflation refers to changes in the consumer price index.
a Estimate.
b Forecast/target.
c Based on data for 25 developing economies representing about 95 per cent of the population of the region (excluding the Central Asian republics); GDP at market prices in United States dollars in 1995 has been used as a weight to calculate regional and subregional growth rates.
d The estimates and forecasts for countries relate to fiscal years defined as follows: fiscal year 1999/00 = 1999 for Bhutan, India and the Islamic Republic of Iran; fiscal year 1998/99 = 1999 for Bangladesh, Nepal and Pakistan.
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