C:\Annual Report 1998\AR1998 fo - Peace Palace Library
C:\Annual Report 1998\AR1998 fo - Peace Palace Library
C:\Annual Report 1998\AR1998 fo - Peace Palace Library
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
OPEC in the World Economy<br />
Table 1<br />
OPEC Member Countries:<br />
Real GDP Growth Rates 1997–1998<br />
percentage change over previous period<br />
Member Country 1997 1998<br />
Algeria 1.3 2.5<br />
Indonesia 4.6 -13.7<br />
IR Iran 2.6 -2.3<br />
Iraq 25.0 16.0<br />
Kuwait 2.5 -2.3<br />
SP Libyan AJ 0.5 -2.0<br />
Nigeria 3.9 2.4<br />
Qatar 15.5 2.0<br />
Saudi Arabia 1.9 0.4<br />
United Arab Emirates 0.3 -2.0<br />
Venezuela 5.9 -0.7<br />
Average OPEC* 4.7 -4.0<br />
* Average OPEC was calculated on the basis of 1990 GDP weights using 1990 purchasing power parities.<br />
Sources<br />
International Monetary Fund, International Financial Statistics<br />
IMF, World Economic Outlook<br />
Economist Intelligence Unit, Country <strong>Report</strong>s, second and third quarters 1999<br />
Asia Pacific Consensus Forecasts<br />
Latin America Consensus Forecasts<br />
Other secondary sources<br />
Official OPEC Member Countries’ statistics<br />
Secretariat estimates<br />
14
Change language