[Economic Report of the President (1999)]
[Administration of William J. Clinton]
[Online through the Government Printing Office, www.gpo.gov]



INTERNATIONAL STATISTICS


[[Page 453]]


Table B-111.--International reserves, selected years, 1952-98
[Millions of SDRs; end of period]
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1998
Area and country                         1952     1962     1972      1982      1992       1996        1997    ---------------------
Oct        Nov
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All countries.............................................   49,388   62,851   146,658   361,239   752,566   1,168,448   1,284,101   1,260,309  ........

Industrial countries\1\...................................   39,280   53,502   113,362   214,025   424,229     574,980     603,332     589,945  ........

United States...........................................   24,714   17,220    12,112    29,918    52,995      53,694      52,817      57,539  ........
Canada..................................................    1,944    2,561     5,572     3,439     8,662      14,310      13,317      14,283    16,915
Australia...............................................      920    1,168     5,656     6,053     8,429      10,350      12,575      10,116    10,904
Japan...................................................    1,101    2,021    16,916    22,001    52,937     151,511     163,641     152,118   155,727
New Zealand.............................................      183      251       767       577     2,239       4,140       3,299       3,191  ........

Austria.................................................      116    1,081     2,505     5,544     9,703      16,277      14,903      15,608  ........
Belgium.................................................    1,133    1,753     3,564     4,757    10,914      12,326      12,535      15,521    15,405
Denmark.................................................      150      256       787     2,111     8,090       9,892      14,233      10,737    11,196
Finland.................................................      132      237       664     1,420     3,862       4,866       6,294       6,098  ........
France..................................................      686    4,049     9,224    17,850    22,522      21,500      25,788      33,228    36,091

Germany.................................................      960    6,958    21,908    43,909    69,489      61,176      60,835      60,762    64,508
Greece..................................................       94      287       950       916     3,606      12,292       9,462      12,582    12,318
Iceland.................................................        8       32        78       133       364         317         286         300       299
Ireland.................................................      318      359     1,038     2,390     2,514       5,719       4,849       6,010     6,083
Italy...................................................      722    4,068     5,605    15,108    22,438      34,287      43,644      29,878    29,081
Netherlands.............................................      953    1,943     4,407    10,723    17,492      19,832      19,376      17,332  ........

Norway..................................................      164      304     1,220     6,273     8,725      18,482      17,385      15,990  ........
Portugal................................................      603      680     2,129     1,179    14,474      11,632      12,169      12,715  ........
Spain...................................................      134    1,045     4,618     7,450    33,640      40,831      51,241      50,611    50,323
Sweden..................................................      504      802     1,453     3,397    16,667      13,452       8,188      11,599  ........
Switzerland.............................................    1,667    2,919     6,961    16,930    27,100      29,642      31,840      30,399    30,840
United Kingdom..........................................    1,956    3,308     5,201    11,904    27,300      28,390      24,596  ..........  ........

Developing countries: Total\2\............................    9,648    9,349    33,295   147,213   328,337     593,469     680,768     670,364  ........

By area:

Africa................................................    1,786    2,110     3,962     7,737    13,044      21,717      29,042      27,604  ........
Asia\2\...............................................    3,793    2,772     8,130    44,490   190,363     344,234     384,420     396,234  ........
Europe................................................      269      381     2,680     5,359    16,006      62,506      72,914      68,271  ........
Middle East...........................................    1,183    1,805     9,436    64,039    44,149      56,152      68,465      67,768  ........
Western Hemisphere....................................    2,616    2,282     9,089    25,563    64,774     108,859     125,927     110,487  ........

Memo:

Oil-exporting countries...............................    1,699    2,030     9,956    67,108    46,144      55,981      63,751      62,978  ........
Non-oil developing countries\2\.......................    7,949    7,319    23,339    80,105   282,193     537,488     617,017     607,386  ........
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\1\Includes data for Luxembourg.
\2\Includes data for Taiwan Province of China.

Note.--International reserves is comprised of monetary authorities' holdings of gold (at SDR 35 per ounce), special drawing rights (SDRs), reserve
positions in the International Monetary Fund, and foreign exchange.
U.S. dollars per SDR (end of period) are: 1952 and 1962--1.00000; 1972--1.08571; 1982--1.10311; 1992--1.37500; 1996--1.4380; 1997--1.3493; October 1998--
1.4084; and November 1998--1.3802.

Source: International Monetary Fund, International Financial Statistics.