Financial systems and development

Merchandise trade
Average annual growth rate a
(millions of dollarsl (percent) Terms of trade
Eepores imports Exports Imports (1980=100)
1987 1987 1965-80 1980-87 1965-80 1980-87 1985 1987
68 Peru 2,605 4,060 2.3 -0.8 -0.2 -2.5 81 69
69 Mauritius 918 1,010 3.1 11.1 6.4 6.7 90 108
70 Jordan 930 2,691 13.7 5.9 9.7 0.6 93 106
71 CostaRica 1,155 1,377 7.0 2.6 5.7 -1.5 95 84
72 Syrian Arab Rep. 1,357 2,546 11.4 - 1.3 8.5 -5.3 95 78
73 Malaysia 17,865 12,506 4.4 9.7 2.9 -0.7 86 72
74 Mexico 20,887 12.731 7.6 6.6 5.7 -8.1 98 73
75 South Africab 20,066 14,629 6.1 -0.1 0.1 -8.8 75 71
76 Poland 12,205 10,844 .. 4.3 .. 1.2 106 112
77 Lebanon 591 1,880 .. .. .. . .
Upper-middle-income 225,853 t 207,164 t 1.0 w 5.6 w 7.6 w 0.5 w 92 m 88 m
78 Brazil 26,225 16,581 9.3 5.6 8.2 -4.2 89 97
79 Uruguay 1,190 1,140 4.6 1.4 1.2 -6.5 87 97
80 Hungary 9,571 9,855 .. 3.9 .. 1.5 92 89
81 Panama 357 1,248 .. 3.8 .. -3.3 94 71
82 Argentina 6,360 5,818 4.7 -0.3 1.8 -9.4 90 81
83 Yugoslavia 11,397 12,549 5.6 1.1 6.6 -2.0 111 116
84 Algeria 9,029 7,028 1.5 3.2 13.0 -4.6 97 56
85 Korea, Rep. 47,172 40,934 27.2 14.3 15.2 9.6 106 105
86 Gabon 1,285 836 8.1 -1.9 10.5 3.0 90 64
87 Portugal 9,167 13.438 3.4 12.2 3.7 3.8 85 99
88 Venezuela 10,567 8,725 -9.5 -0.4 8.7 -7.0 93 54
89 Greece 6,489 12,908 11.9 6.6 5.2 4.8 88 93
90 Trinidad and Tobago 1,462 1,219 -5.5 -7.1 -5.8 -15.1 96 61
91 Libya 6,061 4,877 3.3 -5.9 15.3 -15.3 92 47
92 Oman 3,941 1,882 .
93 Iran, Islamic Rep. .. 10,359 .. .. .. ..
94 Iraq 9,014 7,415 .. .. .. ..
95 Romania 12,543 11,437 .. .. .. .. .
Low- and middle-inceome 465,780 t 469,736 t 3.1 w 5.0 w 5.5 w 0.1 w 92 m 83 m
Sub-SaharanAfrica 28,471t 32,516t 6.6w -1.0w 5.0w -5.8w 91m 84 m
FastAsia 193,993t 170,740t 9.7w 10.1w 8.6 w 6.1w 94 m 84 m
South Asia 19,616e t 30,S71 t 1.7 w 4.8 w 0.6 w 3.7 w 95 m 94 m
Europe, M.East, & N.Africa 113,691 t 146,301 t. .. .. 0.4w 92 m 93 m
Laths America & Caibbean 89,943 f '74,679 t -2.1 w 3.0w 4.4 w -5.6 w 90 m 76 m
17 highly indebted 112,628 t 95,193 t 0.4 w 2.1 w 6.3 w -6.0 w 92 m 84 m
High-income economies 1,924,470 t 2,007,404 t 7.0 w 3.3 w 4.4 w 4.8 w 94 m 97 m
OECD members 1,784,793 t 1,871,384 t 7.2 w 4.2 w 4.2 w 5.2 w 94 m 98 m
tOther 139,677 t 136,020 t 6.0 w -4.2 w 10.6 w 0.4 w 95 m 54 m
96 Spain 34.099 49,009 12.4 6.9 4.4 5.6 90 111
97 Ireland 15,970 13,614 9.8 8.1 4.8 2.6 107 107
98 tSaudi Arabia 23,138 20,465 8.8 -16.3 25.9 -9.3 95 54
99 Ilsrael 8,475 14,300 8.9 7.3 6.3 3.8 94 89
100 New Zealand 7,179 7,255 4.2 4.5 1.1 4.2 97 98
101 tSingapore 28,592 32,480 4.7 6.1 7.0 3.7 101 102
102 tHong Kong 48.475 48,462 9.5 11.4 8.3 9.1 103 106
103 Italy 116,582 122,211 7.7 3.8 3.5 4.3 95 114
104 United Kingdom 131,128 154,388 4.8 3.0 1.4 4.8 96 99
105 Australia 25,283 29,318 5.5 6.0 0.9 2.9 89 72
106 Belgiumc 82,951 82,598 7.8 4.5 5.2 3.2 87 98
107 Netherlands 92,882 91,317 8.0 4.6 4.4 3.0 91 93
108 Austria 27.163 32,638 8.2 5.3 6.1 4.7 90 108
109 France 143,077 157.524 8.5 3.5 4.3 2.2 94 104
110 Germany,Fed. Rep. 293,790 227,334 7.2 4.7 5.3 4.6 88 120
111 Finland 20,039 19,860 5.9 3.8 3.1 3.5 96 109
112 tKuwait 8,355 5,297 -1.9 -3.2 11.8 -5.5 92 54
113 Denmark 24.697 25,334 5.4 5.7 1.7 5.7 96 106
114 Canada 92,886 92,594 5.4 6.3 2.6 7.3 122 101
115 Sweden 44,313 40,621 4.9 5.7 1.8 2.8 88 96
116 Japan 229,055 146,048 11.4 5.8 4.9 3.6 112 153
117 tUnited Arab Emirates 12.000 7,226 10.9 0.1 20.5 -7.1 91 54
118 Norway 21,449 22,578 8.2 6.2 3.0 3.5 97 72
119 UnitedStates 252,567 422,407 6.4 -0.5 5.5 9.7 114 116
120 Switzerland 45,357 50,557 6.2 4.6 4.5 5.3 88 113
Total reporting economies 2,390,197t 2,477,661 t 6.1 w 3.4w 4.6w 3.9w 93 m 84 m
Oil exporters 168,325 t 153,727 t 3.0 w -3.7 w 9.3 w -5.7 w 94 m 61 m
Nonreporting nonmembers .. .. .. .. ..
a. See the technical notes. b. Figures are for the South African Customs Union comprising South Africa, Namibia, Lesotho, Botswana, and Swaziland; trade between
the component territories is excluded. c. Includes Luxembourg.
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