World Economic Outlook, October 1987

International Monetary Fund. Research Dept.

• Publisher: INTERNATIONAL MONETARY FUND
• Year: 1987
• ISBN:
  9781451944334

NONE

Statistical Appendix

Assumptions and Conventions

The statistical tables in this appendix have been compiled on the basis of information available on or before August 7, 1987. The recording of the figures for 1987 and beyond with the same degree of precision as the historical figures is solely a matter of convenience. It is not intended to convey any connotation regarding the degree of accuracy attaching to these estimates and projections.

The estimates and projections for 1987 and 1988 are predicated on a number of assumptions and working hypotheses:

(1) for the major currencies, the average exchange rates of the first week of September 1987 will remain unchanged in real terms through the end of 1988;

(2) “present” policies of national authorities will be maintained; and

(3) the price of oil will average $17.00 a barrel in 1987. and $17.60 in 1988.

A few of the tables include series expressed in SDRs (or based on SDR values). The U.S. dollar/SDR conversion rates used in this report are, for the historical period, the geometric averages of daily rates given in the Fund’s International Financial Statistics (IFS). For the years prior to 1970, these data impute to the SDR a value of US$1.00. For 1987 and 1988. the exchange rate assumptions specified above imply average U.S. dollar/SDR conversion rates of 1.283 and 1.306, respectively.

Classification of Countries

The classification scheme used in the preparation of this report is as follows.

Industrial countries comprise:

Australia

Austria

Belgium

Canada

Denmark

Finland

France

Germany. Fed. Rep. of

Iceland

Ireland

Italy

Japan

Luxembourg

Netherlands

New Zealand

Norway

Spain

Sweden

Switzerland

United Kingdom

United States

The seven largest countries in this group in terms of GNP—Canada, the United States. Japan. France, the Federal Republic of Germany, Italy, and the United Kingdom—are collectively referred to as the major industrial countries.

The developing countries include all other Fund members (as of July 15, 1987), together with certain essentially autonomous dependent territories for which adequate statistics are available.¹ The regional breakdowns of data for developing countries conform to the regional classification used in the Fund’s IFS. It should be noted that, in this classification, Egypt and Libyan Arab Jamahiriya are classified as part of the Middle East, not Africa.

The analytical groupings in this classification are (1) countries grouped by predominant export : 2) countries grouped by financial criteria; (3) countries grouped by other criteria; and (4) countries grouped by former classification criteria. At present, the financial criteria first distinguish among capital exporting and capital importing countries. Countries in the latter, much larger, group are then distinguished on the basis of two additional financial criteria: by predominant type of creditor and by the degree of debt-servicing difficulties...

Table of contents

• Cover Page
• Title Page
• Copyright Page
• Contents
• Preface
• World Economic Outlook
• Current Situation and Short-Term Prospects
• Policy Issues in a Medium-Term Context: Industrial Countries
• Policy Issues in a Medium-Term Context: Developing Countries
• Tables
• Statistical Appendix
• Footnotes