Financial systems and development

Table A.11 Investment, saving, and financing requirement, 1965 to 1987
(percentage of GNP)
Balance of payments:
Gross domestic investment Gross national saving
total to be financed
Country 1965-73 1973-80 1980-87 1965-73 1973-80 1980-87 1965-73 1973-80 1980-87
Latin America and the Caribbean
*Argentina 19.7 23.4 14.4 20.4 22.6 9.5 0.7 -0.8 -4.9
*Bolivia 25.4 24.7 8.3 21.3 18.3 -1.6 -4.1 -6.4 -9.9
*Brazil 21.3 23.9 19.7 19.1 19.3 17.0 -2.1 -4.6 -2.8
*Chile 14.3 17.3 17.4 11.9 12.1 7.7 -2.4 -5.2 -9.8
*Colombia 18.9 18.8 19.9 15.8 19.0 16.0 -3.2 0.2 -3.8
*Costa Rica 21.8 25.5 25.4 13.0 13.8 15.0 -8.8 -11.7 -10.4
*Ecuador 19.0 26.7 23.3 12.7 21.2 17.5 -6.2 -5.6 -5.8
Guatemala 13.3 18.7 13.4 11.6 16.4 9.5 -1.7 -2.3 -3.9
*Jamaica 32.0 20.2 22.8 23.7 13.6 11.2 -8.4 -6.6 -11.6
*Mexico 20.6 24.2 23.4 14.9 20.5 22.1 -5.7 -3.7 -1.3
*Peru 24.1 23.9 27.0 20.9 19.7 23.0 -3.2 -4.2 -4.1
'Uruguay 12.0 15.7 12.8 12.0 11.3 9.7 -0.0 -4.4 -3.1
*Venezuela 31.1 34.2 21.4 31.9 35.8 24.2 0.8 1.6 2.8
Sub-Saharan Africa
Cameroon 16,6 21.8 22.4 .. 16.9 18.2 .. -4.9 -4.1
*C6te d'lvoire 22.8 29.1 19.9 . . 16.8 9.9 . . -12.3 -10.0
Ethiopia 12.8 9.5 11.7 11.0 6.9 4.9 -1.8 -2.6 -6.8
Ghana 12.3 8.7 7.1 8.7 .. 2.0 -3.5 -1.8 -5.1
Kenya 22.6 26.2 25.1 17.2 16.4 18.3 -5.5 -9.8 -6.8
Liberia 19.1 28.7 15.0 .. 27.5 7.7 .. -1.2 -7.3
Malawi 20.0 29.7 19.0 .. 10.7 7.0 .. -19.0 -12.0
Niger 9.7 23.8 17.2 .. 9.7 2.7 .. -14.1 -14.6
*Nigeria 16.3 22.8 14.5 11.8 24.4 12.8 -4.5 1.6 -1.8
Senegal 14.7 17.5 15.5 .. 4.2 -2.8 .. -13.3 -18.3
Sierra Leone 13.8 14.1 13.7 9.8 -1.0 5.3 -4.0 -15.1 -8.4
Sudan 11.9 16.2 16.0 11.0 9.6 4.2 -0.9 -6.6 -11.9
Tanzania 19.9 23.9 18.7 17.1 13.6 9.0 -2.8 -10.3 -9.7
Zaire 13.7 15.0 14.3 16.9 8.6 4.9 3.2 -6.4 -9.4
Zambia 31.9 28.5 18.4 34.3 19.9 4.9 2.4 -8.6 -13.5
East Asia
Indonesia 15.8 24.5 28.0 13.7 24.6 24.9 -2.1 0.1 -3.2
Korea, Republic of 23.9 31.0 30.4 17.6 25.7 30.0 -6.3 -5.3 -0.4
Malaysia 22.3 28.7 32.9 22.6 29.4 28.1 0.2 0.6 -4.7
Papua New Guinea 27.8 22.0 27.6 . 11.1 3.5 . . -11.0 -24.0
*Philippines 20.6 29.1 22.7 19.7 24.3 18.2 -1.0 -4.8 -4.5
Thailand 24.3 26.9 25.2 22.1 21.9 20.7 -2.1 -5.0 -4.4
South Asia
India 18.4 22.5 24.5 16.9 22.2 22.8 -1.5 -0.3 -1.7
Pakistan 16.1 17.5 17.5 .. 11.6 13.7 .. -5.9 -3.8
Sri Lanka 15.8 20.6 27.3 11.2 13.4 16.2 -4.6 -7.2 -11.0
Europe, Middle East, and North Africa
Algeria 32.1 44.5 35.8 31.7 38.9 35.4 -0.4 -5.6 -0.4
Egypt, Arab Republic of 14.0 29.3 28.4 9.3 18.1 16.2 -4.7 -11.2 -12.2
*Morocco 15.0 25.6 22.7 13.6 16.4 14.7 -1.4 -9.1 -7.9
Portugal 26.6 29.7 29.4 .. .. 25.8 .. .. -3.6
Tunisia 23.3 29.9 29.1 17.8 23.6 22.1 -5.5 -6.3 -7.1
Turkey 18.5 21.8 22.7 16.0 18.1 19.3 -2.5 -3.7 -3.3
*Yugoslavia 29.9 35.6 38.9 27.2 32.9 38.9 -2.6 -2.7 -0.1
Note: An asterisk indicates a highly indebted country.
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