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Western industrialized nations<br />
The rate of expansion of the world economy<br />
quickened somewhat in 1996 in general.<br />
Western industrialized nations’ real gross domestic<br />
product rose by 2.3 percent in 1996<br />
following a 2.0-percent rise in 1995. However,<br />
there were pronounced differences in growth<br />
rates in the individual regions.<br />
Real gross domestic product and consumer prices in the industrialized nations 1995–1996,<br />
% changes versus previous year<br />
Gross domestic<br />
Weight product Consumer prices<br />
in % 1996 1995 1996 1995<br />
Germany 11.2 1.4 1.9 1.5 1.9<br />
France 7.1 1.3 2.2 2.0 1.8<br />
UK 5.1 2.4 2.5 2.4 3.4<br />
Italy 5.1 0.7 2.9 3.9 5.4<br />
Spain 2.6 2.2 2.8 3.6 4.7<br />
Netherlands 1.8 2.8 2.1 2.1 1.9<br />
Belgium 1.3 1.4 1.9 2.1 1.5<br />
Austria 1.1 1.0 1.8 1.9 2.2<br />
Sweden 1.1 1.1 3.6 0.7 2.5<br />
Denmark 0.8 2.4 2.6 2.1 2.1<br />
Finland 0.6 3.2 4.5 0.6 1.0<br />
Greece 0.5 2.6 2.0 8.5 9.3<br />
Portugal 0.5 2.5 1.8 3.2 4.1<br />
Ireland 0.3 6.3 10.7 1.6 2.6<br />
Luxembourg 0.1 2.4 3.7 1.4 1.9<br />
European Union 39.2 1.6 2.4 2.3 2.8<br />
Switzerland 1.4 – 0.7 0.1 0.8 1.8<br />
Norway 0.7 4.8 3.3 1.3 2.5<br />
Western Europe 41.3 1.6 2.3 2.2 2.8<br />
USA 32.3 2.4 2.0 2.9 2.8<br />
Japan 23.8 3.6 1.4 0.1 – 0.1<br />
Canada 2.6 1.5 2.3 1.6 2.1<br />
Total 1) 100.0 2.3 2.0 1.9 2.1<br />
1) Total of the nations listed. Weighted with the 1995 gross domestic product.<br />
Source: Spring appraisal issued by the Pool of Economic Institutes<br />
<strong>METRO</strong> <strong>AG</strong><br />
Additional information<br />
21
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