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U.S. Department of State

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Denver Summit Countries:
Key Economic Data

Released by the Bureau of Economic and Business Affairs, June 16, 1997

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Note: Data is for 1996 unless otherwise indicated.

Canada | France | Germany | Italy | Japan | United Kingdom | United States | Russia


Canada

Nominal GDP: $585.10 billion
Real GDP growth: 1.45%
Inflation rate: 1.7%
Unemployment rate: 9.7%
Budget surplus/deficit (% GDP): -2.0%
Current account surplus/deficit: -$1.0 billion
Official Development Assistance (1995): $2.067 billion (as percent of GNP: 0.38%)

Trade:
Exports of goods: $201.60 billion (as percent of GDP: 34.46%)
Exports of goods and services: $224.81 billion
Imports of goods (cif): $174.91 billion (as percent of GDP: 29.89%)
Imports of goods and services: $206.35 billion
Types of exports: newsprint, wood pulp, timber, crude petroleum, machinery, natural gas, aluminum, motor vehicles and parts, telecommunications equipment.
Markets: U.S., Japan, UK, Germany, South Korea, Netherlands, China
Types of imports: crude oil, chemicals, motor vehicles and parts, durable consumer goods, electronic computers; telecommunications equipment and parts.
Suppliers: US, Japan, UK, Germany, France, Mexico, Taiwan, South Korea.

Area: 9.98 million sq. km.
Population: 29.61 million
Work force: 15.00 million (1994); by occupation: agriculture 3%, industry 25%, other 72% (1990)
Agriculture: accounts for about 3% of GDP; one of the world's major producers and exporters of grain (wheat and barley); key source of US agricultural imports; large forest resources cover 35% of total land area; commercial fisheries provide annual catch of 1.5 million metric tons, of which 75% is exported.
Industry: processed and unprocessed minerals, food products, wood and paper products, transportation equipment, chemicals, fish products, petroleum and natural gas.

Currency exchange (early June 1997): $1 U.S.=$1.38 Canadian.


France

Nominal GDP: $1.54 trillion (estimated)
Real GDP growth: 1.14%.
Inflation rate: 2.0%
Unemployment rate: 12.4%.
Budget surplus/deficit (% GDP): -3.5%
Current account surplus/deficit: $20 billion.
Official Development Assistance (1995): $8.443 billion (as percent of GNP: 0.55%)

Trade:
Exports of goods: $289.42 billion (as percent of GDP: 18.8%).
Exports of goods and services: $360.89 (1995).
Imports of goods (cif): $274.10 billion (as percent of GDP: 17.80%).
Imports of goods and services: $324.99 billion (1995).
Types of exports: machinery and transportation equipment, chemicals, foodstuffs, agricultural products, iron and steel products, textiles and clothing.
Markets: Germany 17.1%, Italy 9.3%, Spain 7.1%, Belgium-Luxembourg 8.7%, UK 9.9%, Netherlands 4.6%, US 7.0%, Japan 2.0%, Russia 0.5%.
Types of imports: crude oil, machinery and equipment, agricultural products, chemicals, iron and steel products.
Suppliers: Germany 17.8%, Italy 10.1%, US 8.5%, Netherlands 4.9%, Spain 8.8%, Belgium-Luxembourg 9.1%, UK 7.9%, Japan 3.7%, Russia 1.2%.

Area: 547,030 sq. km.
Population: 58.03 million (1995)
Work force: 15.00 million(1994); by occupation: agriculture 5%, industry 29% (1990)
Agriculture: wheat, cereals, sugar beets, potatoes, wine grapes; beef, dairy products; fish catch of 850,000 metric tons ranks among world's top 20 countries and is all used domestically.
Industries: steel, machinery, chemicals, automobiles, metallurgy, aircraft, electronics, mining, textiles, food processing, tourism.

Currency exchange (early June 1997): $1 U.S.= 5.756 Francs.


Germany

Nominal GDP: $2.35 trillion.
Real GDP growth: 1.31%.
Inflation rate: 1.0%
Unemployment rate: 10.3%.
Budget surplus/deficit (% GDP): -2.0%
Current account surplus/deficit: -$1.0 billion.
Official Development Assistance (1995): $7.524 billion (as percent of GNP: 0.31%)

Trade:
Exports of goods: $521.09 billion (as percent of GDP: 22.17%).
Export of goods and services: $548.84 billion.
Imports of goods (cif): $455.93 billion (as percent of GDP: 19.40%).
Imports of goods and services: $ 548.51 billion.
Types of exports: manufactures 89.3% (including machines and machine tools, chemicals, motor vehicles, iron and steel products), agricultural products 5.5%, raw materials 2.7%, fuels 1.3% (1993).
Markets: EC 47.9% (France 11.7%, Netherlands 7.4%, Italy 7.5%, UK 7.7%, Belgium-Luxembourg 6.6%), EFTA 15.5%, US 7.7%, Eastern Europe 5.2%, OPEC 3.0% (1993).
Types of imports: manufactures 75.1%, agricultural products 10.0%, fuels 8.3%, raw materials 5.0% (1993).
Suppliers: EC 46.4% (France 11.3%, Netherlands 8.4%, Italy 8.1%, UK 6.0%, Belgium-Luxembourg 5.7%), EFTA 14.3%, US 7.3%, Japan 6.3%, Eastern Europe 5.1%, OPEC 2.6% (1993).

Area: 356,910 sq. km.
Population: 81.64 million
Work force: 37 million (1994); by occupation: agriculture 4%, industry 38% (1990)Agriculture: Western: potatoes, wheat, barley, sugar beets, fruit, cabbage; cattle, pigs, poultry; Eastern: wheat, rye, barley, potatoes, sugar beets, fruit; pork, beef, chicken, milk, hides.
Industry: Western: among world's largest and technologically advanced producers of iron, steel, coal, cement, chemicals, machinery, vehicles, machine tools, electronics, food and beverages; Eastern: metal fabrication, chemicals, brown coal, shipbuilding, machine building, food and beverages, textiles, petroleum refining.

Currency exchange (early June 1997): $1 U.S.=1.697 DM.


Italy

Nominal GDP: $1.19 trillion (estimated)
Real GDP growth: 0.8% (estimated)
Inflation rate: 3.9%.
Unemployment rate: 12.1%.
Budget surplus/deficit (% GDP): 7.0%
Current account surplus/deficit: $42 billion.
Official Development Assistance (1995): $1.623 billion (as percent of GNP: 0.15%)

Trade:
Exports of goods: $235 billion (as percent of GDP: 21.5%) (1995).
Export of goods and services: $249 billion (1994).
Imports of goods (cif): $207 billion (as percent of GDP: 19.0%) (1995).
Imports of goods and services: $212 billion (1994).

Types of exports: commodities: metals, textiles and clothing, production machinery, motor vehicles, transportation equipment, chemicals.
Markets: EU 53.4%, US 7.8%, OPEC 3.8% (1994).
Types of imports: commodities: industrial machinery, chemicals, transport equipment, petroleum, metals, food, agricultural products.
Suppliers: EU 56.3%, OPEC 5.3%, US 4.6% (1994).

Area: 301,230 sq. km.
Population: 57,460,274 (July 1996 est.).Work force: 25 million (1994); by occupation: agriculture 9%, industry 31% (1990).
.Agriculture: fruits, vegetables, grapes, potatoes, sugar beets, soybeans, grain, olives; meat and dairy products; fish catch of 525,000 metric tons in 1990.
Industries: tourism, machinery, iron and steel, chemicals, food processing, textiles, motor vehicles, clothing, footwear, ceramics.

Currency exchange (early June 1997): $1 U.S.=1,679 Lira.


Japan

Nominal GDP: $5.108 trillion (1995).
Real GDP growth: 0.9% (1995).
Inflation rate: -0.1% (1995).
Unemployment rate: 3.3%.
Budget surplus/deficit (% GDP): -4.3% .
Current account surplus/deficit: $111.3 billion.
Official Development Assistance (1995): $14.489 billion (as percent of GNP: 0.28%)

Trade:.
Exports of goods: $411.19 billion (as percent of GDP: 9.30%).
Export of goods and services: $482.76 billion (1995).
Imports of goods (cif): $349.26 billion (as percent of GDP: 7.90%).
Imports of goods and services: $406.41 billion (1995).
Types of exports: manufactures 97% (including machinery 46%, motor vehicles 20%, consumer electronics 10%).
Markets: Southeast Asia 38%, US 27%, Western Europe 17%, China 5%.
Types of imports: manufactures 52%, fossil fuels 20%, foodstuffs and raw materials 28%.
Suppliers: Southeast Asia 25%, US 22%, Western Europe 16%, China 11%.

Area: 377,835 sq. km..
Population: 125.20 million (1995)Work force: 65.87 million (December 1994); by occupation: agriculture 7%, industry 34% (1990).
Agriculture: rice, sugar beets, vegetables, fruit; pork, poultry, dairy products, eggs; world's largest fish catch of 10 million metric tons in 1991.
Industries: among world's largest and technologically advanced producers of steel and non-ferrous metallurgy, heavy electrical equipment, construction and mining equipment, motor vehicles and parts, electronic and telecommunication equipment, machine tools, automated production systems, locomotives and railroad rolling stock, ships, chemicals; textiles, processed foods.

Currency exchange (early June 1997): $1 U.S.=116.0 Yen.


United Kingdom

Nominal GDP: $1.15 trillion.
Real GDP growth: 2.09%.
Inflation rate: 3.1%.
Unemployment rate: 7.5%.
Budget surplus/deficit (% GDP): -4.5% .
Current account surplus/deficit: -$0 billion.
Official Development Assistance (1995): $3.157 billion (as percent of GNP: 0.28%) .

Trade:.
Exports of goods: $270.75 billion (as percent of GDP: 23.5%).
Export of goods and services: $336.25 billion.
Imports of goods (cif): $262.08 billion (as percent of GDP: 22.79%).
Imports of goods and services: $344.98 billion.
Types of exports: manufactured goods, machinery, fuels, chemicals, semifinished goods, transport equipment.
Markets: EU countries 56.4% (Germany 12.7%, France 9.9%, Netherlands 7.0%), US 13.1%.
Types of imports: manufactured goods, machinery, semifinished goods, foodstuffs, consumer goods.
Suppliers: EU countries 54.9% (Germany 14.6%, France 10.0%, Netherlands 6.7%), US 12.2%.

Area: 244,820 sq. km.
Population: 58,489,975 (July 1996 est.)Work force: 28.048 million; by occupation: services 62.8%, manufacturing and construction 25.0%, government 9.1%, energy 1.9%, agriculture 1.2% (June 1992).
Agriculture: intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with only about 1% of the labor force. cereals, oilseed, potatoes, vegetables; cattle, sheep, poultry; fish.
Industries: production machinery including machine tools, electric power equipment, automation equipment, railroad equipment, shipbuilding, aircraft, motor vehicles and parts, electronics and communications equipment, metals, chemicals, coal, petroleum, paper and paper products, food processing, textiles, clothing, and other consumer goods.

Currency exchange (early June 1997): $1 U.S.=0.662 Pound.


United States

Nominal GDP: $7.25 trillion.
Real GDP growth: 2.37%.
Inflation rate: 2.0%.
Unemployment rate: 5.4%.
Budget surplus/deficit (% GDP): -1.4%
Current account surplus/deficit: -$165.0 billion.
Official Development Assistance (1995): $7.367 billion (as percent of GNP: 0.10%)

Trade:.
Exports of goods: $624.53 billion (as percent of GDP: 8.61%).
Export of goods and services: $855.20 billion.
Imports of goods (cif): $817.80 billion (as percent of GDP: 11.28%).
Imports of goods and services: $953.90 billion.
Types of exports: commodities: capital goods, automobiles, industrial supplies and raw materials, consumer goods, agricultural products.
Markets: Western Europe 24.3%, Canada 22.1%, Japan 10.5% (1993).
Types of imports: commodities: crude oil and refined petroleum products, machinery, automobiles, consumer goods, industrial raw materials, food and beverages.
Suppliers: Canada, 19.3%, Western Europe 18.1%, Japan 18.1% (1993).

Area: 9,372,610 sq. km..
Population: 266,476,278 (July 1996 est.)Work force: 132.304 million (includes unemployed) (1995); by occupation: managerial and professional 28.3%, technical, sales and administrative support 30.0%, services 13.5%, manufacturing, mining, transportation, and crafts 25.3%, farming, forestry, and fishing 2.8%.
Agriculture: wheat, other grains, corn, fruits, vegetables, cotton; beef, pork, poultry, dairy products; forest products; fish.
Industries: leading industrial power in the world, highly diversified and technologically advanced; petroleum, steel, motor vehicles, aerospace, telecommunications, chemicals, electronics, food processing, consumer goods, lumber, mining.


Russia

Nominal GDP: about $405.78 billion.
Real GDP growth: -6.0% (estimated).
Inflation rate: 48%Unemployment rate: 3.4% (est.).
Budget deficit (% GDP): 6.54% (estimated) .
Current account deficit: $9 billion (vis-a-vis non-CIS countries ).

Trade:
Exports of goods: $15.95 billion (as percent of GDP: 3.93%).
Exports of goods and services: $89.78 billion.
Imports of goods (cif): $10.10 billion (as percent of GDP: 2.71%).
Imports of goods and services: $68.15 billion.
Types of exports: petroleum and petroleum products, natural gas, wood and wood products, metals, chemicals, and a wide variety of civilian and military manufactures.
Markets: Europe, North America, Japan, Third World countries, Cuba.
Types of imports: machinery and equipment, consumer goods, medicines, meat, grain, sugar, semifinished metal products.
Suppliers: Europe, North America, Japan, Third World countries, Cuba.

Area: 17 million sq. km.
Population: 148.14 million Work force: 77 million (1994); by sector: agriculture 14%, industry 42% (1990).
Industries: complete range of mining and extractive industries producing coal, oil, gas, chemicals, and metals; all forms of machine building from rolling mills to high-performance aircraft and space vehicles; shipbuilding; road and rail transportation equipment; communications equipment; agricultural machinery, tractors, and construction equipment; electric power generating and transmitting equipment; medical and scientific instruments; consumer durables, textiles, foodstuffs, handicrafts.
Agriculture: grain, sugar beets, sunflower seed, vegetables, fruits (because of its northern location does not grow citrus, cotton, tea, and other warm climate products); meat, milk.

Currency exchange (early June 1997): $1 U.S.=5,121 Rubles.

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