[Economic Report of the President (2004)]
[Administration of George W. Bush]
[Online through the Government Printing Office, www.gpo.gov]


 
Table B-112.--Growth rates in real gross domestic product, 1985-2003
[Percent change at annual rate]
--------------------------------------------------------------------------------------------------------------------------------------------------------
1985-94
Area and country                                    1995     1996     1997     1998     1999     2000     2001     2002      2003
---------------------------------------------------------------------------------------------------------------------------------------------------\1\--

World........................................................       3.3      3.7      4.0      4.2      2.8      3.6      4.8      2.4      3.0      3.2

Advanced economies.........................................       3.0      2.8      3.0      3.5      2.7      3.4      3.9      1.0      1.8      1.8

Major advanced economies.................................       2.8      2.4      2.7      3.2      2.8      3.0      3.5       .8      1.6      1.8

United States \2\......................................       2.9      2.7      3.6      4.4      4.3      4.1      3.8       .3      2.4      2.6
Japan..................................................       3.4      1.8      3.5      1.9     -1.1       .2      2.8       .4       .2      2.0
Germany................................................       2.7      1.7       .8      1.4      2.0      2.0      2.9       .8       .2    (\5\)
France.................................................       2.1      1.8      1.1      1.9      3.6      3.2      4.2      2.1      1.2       .5
Italy..................................................       2.1      2.9      1.1      2.0      1.8      1.7      3.1      1.8       .4       .4
United Kingdom.........................................       2.6      2.9      2.6      3.4      2.9      2.4      3.1      2.1      1.9      1.7
Canada.................................................       2.5      2.8      1.6      4.2      4.1      5.5      5.3      1.9      3.3      1.9

Other advanced economies.................................       3.8      4.3      3.6      4.2      1.9      4.8      5.1      1.6      3.0      1.9

Memorandum:
European Union...........................................       2.4      2.5      1.7      2.6      3.0      2.8      3.6      1.7      1.1       .8
Euro area..............................................  ........      2.2      1.4      2.3      2.9      2.8      3.5      1.5       .9       .5
Newly industrialized Asian economies.....................       7.8      7.5      6.3      5.8     -2.4      8.0      8.4       .8      4.8      2.3

Developing countries.......................................       5.2      6.1      6.6      5.9      3.5      3.9      5.7      4.1      4.6      5.0

Africa...................................................       1.9      3.0      5.6      3.0      3.2      2.7      3.0      3.7      3.1      3.7
Developing Asia..........................................       7.7      9.0      8.3      6.6      4.0      6.2      6.8      5.8      6.4      6.4
Middle East and Turkey \3\...............................       3.0      4.0      5.3      6.1      3.7       .9      6.0      2.0      4.8      5.1
Western Hemisphere.......................................       3.1      1.8      3.6      5.2      2.3       .2      4.0       .7      -.1      1.1

Countries in transition....................................      -2.1     -1.5      -.6      1.9      -.9      4.1      7.1      5.1      4.2      4.9

Central and eastern Europe...............................  ........      5.5      4.0      2.5      2.5      2.3      3.9      3.1      3.0      3.4
CIS and Mongolia \4\.....................................  ........     -5.5     -3.5      1.4     -3.2      5.2      9.1      6.4      4.9      5.8
Russia.................................................  ........     -4.1     -3.6      1.4     -5.3      6.3     10.0      5.0      4.3      6.0
--------------------------------------------------------------------------------------------------------------------------------------------------------
\1\ All figures are forecasts as published by the International Monetary Fund.
\2\ U.S. GDP data were revised historically by the Department of Commerce in December 2003; data shown in this table are pre-benchmark estimates. See
Table B-2 for revised GDP data.
\3\ Includes Malta.
\4\ CIS--Commonwealth of Independent States.
\5\ Figure is zero or negligible.

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