[Economic Report of the President (1998)]
[Administration of William J. Clinton]
[Online through the Government Printing Office, www.gpo.gov]



Table B-112.--Growth rates in real gross domestic product, 1979-97
[Percent change at annual rate]
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1997
Area and country                          1979-88   1989     1990     1991     1992     1993     1994     1995     1996     \1\

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World........................................................       3.4      3.8      2.7      1.8      2.8      2.8      4.1      3.7      4.1      4.2

Advanced economies.........................................       2.9      3.7      2.7      1.2      1.9      1.2      3.2      2.5      2.7      3.0

Major industrial countries...............................       2.8      3.5      2.4       .8      1.8      1.0      2.8      2.0      2.4      2.8

United States..........................................       2.7      3.4      1.2      -.9      2.7      2.3      3.5      2.0      2.8      3.7
Japan..................................................       3.8      4.8      5.1      3.8      1.0       .3       .6      1.4      3.5      1.1
Germany \2\............................................       1.8      3.6      5.7      5.0      2.2     -1.1      2.9      1.9      1.4      2.3
France.................................................       2.2      4.3      2.5       .8      1.2     -1.3      2.8      2.1      1.5      2.2
Italy..................................................       2.7      2.9      2.2      1.1       .6     -1.2      2.2      2.9       .7      1.2
United Kingdom \3\.....................................       2.5      2.2       .4     -2.0      -.5      2.1      4.3      2.7      2.3      3.3
Canada.................................................       3.2      2.4      -.2     -1.8       .8      2.2      4.1      2.3      1.5      3.7

Other advanced economies.................................       3.6      4.5      3.9      2.9      2.4      2.0      4.5      4.2      3.7      3.9

Developing countries.......................................       4.3      4.2      4.1      4.9      6.6      6.6      6.8      6.0      6.5      6.2

Africa...................................................       2.3      3.5      2.2      1.7       .8      1.0      2.9      2.8      5.2      3.7
Asia.....................................................       6.8      6.1      5.6      6.6      9.5      9.4      9.6      8.9      8.2      7.6
Middle East and Europe...................................       2.3      2.8      5.6      3.4      6.2      4.6       .4      3.5      4.8      4.6
Western Hemisphere.......................................       2.7      1.8      1.1      3.6      3.1      3.7      5.0      1.3      3.4      4.1

Countries in transition....................................       2.9      2.1     -3.6     -7.7    -10.9     -6.2     -6.5      -.8       .1      1.8

Central and eastern Europe...............................  ........  .......  .......    -10.4     -7.9     -3.9     -1.8      1.6      1.5      2.1
Russia, Transcaucasus, and central Asia..................  ........  .......  .......     -5.2    -13.9     -8.7    -12.3     -3.9     -1.9     1.5
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\1\ All figures are forecasts as published by the International Monetary Fund. For United States, preliminary estimates by the Department of Commerce
show that real GDP grew 3.8 percent in 1997.
\2\ Through 1991 data are for West Germany only.
\3\ Average of expenditure, income, and output estimates of GDP at market prices.

Sources: Department of Commerce (Bureau of Economic Analysis) and International Monetary Fund.