No. 3 - Department of Treasury - The Western Australian Government

Western Australian Economic Summary2006 No.3GDP GROWTH, CONSTANT PRICESIMF Estimates, Regions, Annual % Change2005 2006 2007Advanced economies 2.6% 3.1% 2.7%Africa 5.4% 5.4% 5.9%Africa: Sub-Sahara 5.8% 5.2% 6.3%ASEAN-4 5.1% 5.0% 5.6%Central and eastern Europe 5.4% 5.3% 5.0%CIS and Mongolia 6.5% 6.8% 6.5%Developing Asia 9.0% 8.7% 8.6%Euro area 1.3% 2.4% 2.0%European Union 1.8% 2.8% 2.4%Major advanced economies (G7) 2.4% 2.9% 2.5%Middle East 5.7% 5.8% 5.4%Asian NIEs 4.5% 4.9% 4.4%Other advanced economies 3.7% 4.1% 3.7%Other emerging countries 7.4% 7.3% 7.2%Western Hemisphere 4.3% 4.8% 4.2%World 4.9% 5.1% 4.9%Source: IMF WEO Database, September 2006CONSUMER PRICE INDEX GROWTHIMF Estimates, Regions, Annual % Change2005 2006 2007Advanced economies 2.3% 2.6% 2.3%Africa 8.5% 9.9% 10.6%Africa: Sub-Sahara 10.7% 11.7% 12.6%ASEAN-4 7.5% 8.6% 4.5%Central and eastern Europe 4.8% 5.3% 4.6%CIS and Mongolia 12.3% 9.6% 9.2%Developing Asia 3.5% 3.8% 3.6%Euro area 2.2% 2.3% 2.4%European Union 2.2% 2.3% 2.4%Major advanced economies (G7) 2.3% 2.6% 2.3%Middle East 7.7% 7.1% 7.9%Asian NIEs 2.2% 2.2% 2.2%Other advanced economies 2.1% 2.3% 2.3%Other emerging countries 5.3% 5.2% 5.0%Western Hemisphere 6.3% 5.6% 5.2%World 3.7% 3.8% 3.7%Source: IMF WEO Database, September 2006CHINA'S REAL GDP GROWTHAnnual % Change, Not Seasonally AdjustedSep-06 Jun-06 Sep-05GDP Growth 10.7% 10.9% 9.9%Source: China Statistical Information Service94 Department of Treasury and Finance