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Table 3. Economic indicators of some Central and Eastern European countries
| |
Poland |
Slovakia |
Czech Republic |
Hungary |
Latvia |
Lithuania |
Russia |
| 1994 |
1995 |
1994 |
1995 |
1994 |
1995 |
1994 |
1995 |
1994 |
1995 |
1994 |
1995 |
1994 |
1995 |
| Percentage change over previous year (in constant prices) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Gross domestic product |
5.1 |
7.0 |
4.8 |
7.4 |
2.6 |
4.8 |
2.9 |
1.5 |
0.6 |
1.6 |
1.0 |
2.51) |
-14.0 |
-4.0 |
| Industrial production |
12.1 |
9.4 |
6.4 |
8.4 |
2.0 |
9.2 |
9.2 |
4.8 |
-9.5 |
-6.3 |
-20.7 |
0.8 |
-20.9 |
-3.0 |
Central government budget deficit (-)/ surplus (+) (% of GDP) |
-2.7 |
-2.6 |
-5.3 |
-1.6 |
1.0 |
0.6 |
-7.4 |
-2.4 |
-2.0 |
-3.8 |
-1.8 |
-2.11) |
-10.5 |
-2.9 |
| Consumer prices (%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Compared to the end of previous year |
29.4 |
21.6 |
12.1 |
7.2 |
10.1 |
7.9 |
21.2 |
28.3 |
26.3 |
23.1 |
44.6 |
35.7 |
215.0 |
131.4 |
| Annual average |
32.2 |
27.8 |
13.4 |
9.9 |
10.0 |
9.1 |
18.8 |
28.2 |
35.9 |
25.0 |
72.2 |
39.6 |
307.4 |
197.7 |
| Unemployment rate (percentage of unemployed in the total number of employed and unemployed, %) |
16.0 |
14.9 |
14.8 |
13.1 |
3.2 |
2.9 |
10.9 |
10.4 |
6.5 |
6.6 |
1.7 |
3.3 |
7.1 |
8.2 |
| Real effective excange rate(percentage change over previous year, vis-a-vis 21 industrial countries,trade weighted)2) |
0.4 |
6.4 |
3.9 |
4.8 |
6.8 |
4.6 |
-0.7 |
-4.7 |
20.4 |
14.7 |
24.4 |
21.1 |
76.6 |
28.7 |
| Foreign trade (USD mn) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Export |
16,950 |
22,878 |
6,691 |
8,544 |
14,255 |
17,054 |
10,588 |
12,861 |
991 |
1,304 |
2,016 |
2,698 |
65,500 |
77,300 |
| Import |
17,786 |
24,705 |
6,611 |
8,494 |
14,970 |
20,885 |
14,449 |
15,466 |
1,244 |
1,817 |
2,340 |
3,010 |
38,600 |
46,400 |
| Balance |
-836 |
-1,827 |
80 |
50 |
-715 |
-3,831 |
-3,861 |
-2,605 |
-253 |
-513 |
-324 |
-312 |
26,900 |
30,900 |
| Current account (USD mn) |
-944 |
-2,299 |
712 |
680 |
-50 |
1,892 |
-3,911 |
-2,480 |
112 |
35 |
-90 |
823) |
11,364 |
10,0403) |
| Current account deficit (-) / surplus
(+) (% of GDP) |
-1.0 |
-1.9 |
5.2 |
3.9 |
-0.1 |
-4.0 |
-9.1 |
-5.5 |
3.2 |
0.8 |
-2.1 |
2.03) |
3.7 |
3.63) |
| Net foreign direct investments (USD mn) |
542 |
1,134 |
169 |
1403) |
840 |
1,9653) |
1,097 |
8293) |
155 |
1623) |
31 |
313) |
256 |
6903) |
| Foreign exchange reserves (USD mn) |
6,029 |
14,961 |
1,745 |
3,418 |
6,145 |
13,843 |
6,727 |
11,968 |
545 |
504 |
510 |
744 |
6,500 |
17,300 |
| Ratio of foreign exchange reserves to the average monthly imports |
4.1 |
7.3 |
3.2 |
4.8 |
4.9 |
8.0 |
5.6 |
9.3 |
5.3 |
3.3 |
2.6 |
3.0 |
2.0 |
4.5 |
1) - estimate
2) - In Latvia and Lithuania (vis-a-vis 5 industrial countries, main trading partners)
3) - In case of 1995 indicators of first 3 quarters are used |
Sources: International Financial Statistics
Economic Bulletin for Europe, UNO, Volume 47 (1995)
Transition Report 1995, EBRD, 1995
Economic Indicators for Eastern Europe, 19.04.96, Bank for International Settlements
Publications of central banks and national statistics offices |
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