Financial systems and development

Average annual grow,th rate (percent)
GDP Agriculture Industry (Mlanufacturing)a Services, etc.
1965-80 1980-87 1965-80 1980-87 1965-80 1980-87 1965-80 1980-87 1965-80 1980-87
68 Peru' 3.9 1.2 1.0 3.0 4.4 0.5 3.8 1.5 4.3 1.4
69 Mauritius 5.6 5.5 . 5.2 . 8.7 . 10.9 . 4.1
70 Jordanr. 4.3 . 4.1 .. 4.5 . 3.1 . 4.3
71 Costa Rica' 6.2 1.8 4.2 1.7 8.7 2.0 .. .6.0 1.7
72 Syrian Arab Rep.b 8.7 0.3 4.8 -1.1 11.8 1.5 .. .. 9.0 0.3
73 Malaysia' 7.4 4.5 .. 3.4 . 5.8 . 6.3 .. 3.8
74 Mexico' 6.5 0.5 3.2 1.4 7.6 -0.3 7.4 0.0 6.6 0.8
75 South Africa 4.1 1.0 .. 0.3 .. -0.1 I -0.5 .. 2.3
76 Poland 5 ... .. . . . .
77 Lebanon' -1.2 .... . . . . .
Upper-mniddle-income 6.7 w 3.4 w 3.4 w 2.6 w 5.8 w 3.7 w 9.2 w 4.1 w 8.2 w 3.8 w
78 Brazil 9.0 3.3 3.8 2.6 9.8 2.4 9.6 1.2 10.0 4.1
79 Uruguav 2.4 - 1.3 1.0 0.2 3.1 -3.2 . -1.6 2.3 -0.6
80 H Sgr' 5.6 1.7 2.7 2.5 6.4 1.3 . 6.2 1.8
81 Panat5 ~~~5.5 2.6 2.4 2.5 5.9 -0.8 4.7 0.7 6.0 3.5
82 Argentina' 3.5 -0.3 1.4 1.6 3.3 -0.9 2.7 0.0 4.0 -0.3
83 Yugoslavia 6.0 1.5 3.1 1.4 7.8 1.4 . 5.5 1.6
84 Algeriab 7.5 3.8 5.6 6.0 8.1 4.3 9.5 8.5 7.2 2.6
85 Korea, Rep.' 9.5 8.6 3.0 4.4 16.5 10.8 18.7 10.6 9.3 7.7
86 Gabon' 9.5 0.6 . ... ... .
87 Portugal .. 1.4 .- -0.9 .. 1.0 . . 1.4
88 Venezuela' 3.7 0.2 3.9 3.5 1.5 -0.9 5.8 3.0 6.3 0.8
89 Greece 5.6 1.4 2.3 -0.1 7.1 0.4 8.4 0.0 6.2 2.5
90 Trinidad and Tobago 5.1 -6.1 0.0 4.5 5.0 -8.6 2.6 -9.5 5.8 -3.4
91 Libya 4.2 . 10.7 . 1.2 . 13.7 . 15.5
92 Oman 5 15.2 12.7 .- 9.4 .. 15.1 .. 37.9 .. 12.2
93 Iran, Islamic Rep. 6.2 . 4.5 -. 2.4 . 10.0 . 13.6
95 Romania . ... . . . . .
Low- and middle-incomec 5.9 w 4.0 w 3.0 w 3.4 w 6.7 w 5.1 w 8.1 w 6.0 w 6.9 w 3.6 w
Sub-Saharan Africa 5.1 w 0.4 w 1.7 w 1.2 w 9.5 w -1.2 w 8.8 w 0.6 w 5.5 w 1.2 w
East Asia 7.2 w 8.0 w 3.3 w 5.9 w 10.8 w 10.1 w 10.7 w 10.4 w 7.6 w 6.4 w
South Asia 3.8 w 4.8 w 2.7 w 1.4 w 4.3 w 7.2 w 4.5 w 8.0 w 4.7 w 6.1 w
Europe, M.East, & N.Africa 6.2 w .. 3.5 w .. 5.0 w ... .8.6 w
Latin America &Caribbean 6.0 w 1.4 w 3.2 w 2.2 w 6.0 w 0.8 w 6.9 w 0.6 w 6.7 w 1.8 w
17 highly indebted 6.1 w 1.1 w 2.8 w 1.8 w 6.9 w 0.2 w 7.2 w 0.4 w 6.7 w 1.7 w
High-incomeconomies 3.7 w 2.6 w 0.8 w 2.8 w 3.2 w 2.3 w 3.6 w 3.3 w 3.7 w 2.7 w
OECD members 3.6 w 2.7 w 0.8 w 2.6 w 3.1 w 2.5 w 3.6 w 3.2 w 3.7 w 2.7 w
t'Other 8.1 -2.6 w .. 10.1 w .. -8.1 w .. 4.8 w .. 4.1 w
96 Spain' 4.6 2.1 2.6 0.9 5.1 0.4 5.9 0.4 4.1
97 Ireland 5.3 0.9 .- 2.2 .. 1. 7 . .
2.1
-0.0
98 tSaudi Ar-abial 11.3 -5.3 4.1 10.3 11.6 -10.4 8.1 6.1 10.5 4.4
Israel' 99 t 6.8 2.2 .. .... ...
10 ooNew Zealand' 2.5 2.9 .. 3.1 I 4.0 .. 3.3 .. 2.1
101 tSingaporel 10.1 5.4 2.8 -3.9 11.9 4.0 13.2 3.3 9.4 6.4
102 fHon~ Kong86 .
103 IWY ~~~~3.8 2.1 0.8 0.8 4.0 0.5 5.1 0.9 4.1 2.9
104 United Kingdom 2.4 2.6 1. 6' 3.2 -0.5' 1.8 -1.2' 1.3
2 . 2
105 Australial d 2.6
4.2 3.2 2.7 5.0 3.0 1.9 1.3 0.4 5.7 3.1
106 Belgium 5 3.9 1.3 0.5 2.6 4.4 1.1 4.7 2.3 3.8 5
107 Netherlands
4.1 1.5 4.7 5.4 4.0 . 4.8 . 4.4
1.2
108 Austria 5 4.3 1.6 2.2 0.8 4.5 1.1 4.7 1.6 4.4 1.9
109 France 5 4.3 1.6 1.0 2.6 4.3 -0.]1 5.2 -0.5 4.6 2.3
110 Germany, Fed. Rep.' 3.3 1.6 1.4 1.9 2.8 0.4 3.3 1.0 3.7 2.1
I1I Finland 4.0 2.8 0.0 -1.1 4.4 2.7 4.9 3.1 4.7 3.9
112 tKuwait' 1.3 - 1.1 I 23.6 .. -2.3 .. 1.4 .. -0.9
113 Denmark 2.9 2.5 0.8 4.3 1.8 3.1 3.1 2.2 3.5 2.2
114 Canada 5.0 2.9 0.7 2.6 3.5 3.0 3.8 3.6 6.7 2.1
115 Sweden 2.9 1.3 -0.2 1.5 2.3 2.6 2.4 2.5 3.4 1.8
116 Japan' 6.3 3.8 0.8 0.8 8.5 4.9 9.4 6.7 5.2 3.1
117 tUnited Arab Emirates . . -4.3 .. 11.6 . -8.4 .- 9.6 .. 4.8
118 Norway 4.4 3.7 -0.4 2.0 5.6 4.4 2.6 1.8 4.2 3.5
119 United States' 2.7 3.1 1.0 3.5 1.7 2.9 2.5 3.9 3.4 3.0
120 Switzerland' 2.0 1.7 .. .... ...
Total reporting economies 4.1 w 2.9 w 2.2 w 3.2 w 3.9 w 2.5 w 4.3 w 3.7 w 4.2 w 2.9 w
Oil exporters 6.5 w 0.7 w 3.1 w 2.4 w 6.3 w -1.5 w 7.7 w 2.8 w 7.7 w 2.7 w
Nonreporting nonmnembers . .. .. ..
a. Because manufacturing is generally the most dynamic part of the industrial sector, its growth rate is shown separately. b. GDP and its components are at purchaser
values. c. WoTld Bank estimate. d. Data refer to the period 1973-80.
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