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Birmingham Summit Countries: Key Economic Data Fact Sheet released by the Bureau of Economic and Business Affairs, U.S. Department of State, May 5, 1998

Note: Data are for 1997 unless otherwise indicated.

Canada

Nominal GDP: $618.4 billion.
Real GDP growth: 3.8%.
Inflation rate: 1.6%.
Unemployment rate: 9.2%.
Budget surplus/deficit (% GDP): 0% (GOC projects balanced budget until FY 2000).
Current account surplus/deficit: $12.3 billion.
Official development assistance (1996): $2.5 billion (as percent of GDP: 0.4%).

Trade

Exports of goods : $217 billion (as percent of GDP: 35.2%).
Exports of goods and services: $247.7 billion (as percent of GDP: 40.1%).
Imports of goods (cif): $204.8 billion (as percent of GDP: 32.69%).
Imports of goods and services: $237.2 billion (as percent of GDP: 38.4%) .
Types of exports: Automotive products; aircraft and other transportation equipment; industrial and agricultural machinery; television, telecommunication, and computer equipment; industrial goods and materials (including metal ores, chemicals, plastics, fertilizers, metals and alloys); forestry, energy, and agricultural products.
Markets: U.S., EU, Japan, South Korea, Netherlands, China .
Types of imports: Automotive products, aircraft and other transportation equipment, industrial and agricultural machinery, television, telecommunications and computer equipment; industrial goods and materials; miscellaneous consumer goods.
Suppliers: U.S., EU, Japan, Mexico, Taiwan, South Korea.

Area: 9.98 million sq. km.
Population (1997): 30.14 million .
Work force (1994): 15.354 million; services 66%, industry 25%. .
Agriculture: Accounts for less than 2% of GDP although Canada is one of the world's major producers and exporters of grain (wheat and barley); key source of U.S. 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: 1997 average: $1 = $1.38 Canadian
                                 May 4, 1998: $1 = $1.43 Canadian.

France

Nominal GDP: $1.35 trillion (estimated) .
Real GDP growth: 2.4% .
Inflation rate: 1.2% .
Unemployment rate: 12.5% .
Budget surplus/deficit (% GDP): -3% .
Current account surplus/deficit: $37.5 billion .
Official development assistance (1996): $7.5 billion (as percent of GNP: 0.48%).

Trade

Exports of goods (1996): $281.8 billion (as percent of GDP: 18.3%).
Exports of goods and services (1996): $365.4 (as percent of GDP: 23.7%).
Imports of goods (cif) (1996): $266.9 billion (as percent of GDP: 17.4%).
Imports of goods and services (1996): $344.2 billion (22.3% of GDP).
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%, U.K. 9.9%, Netherlands 4.6%, U.S. 7%, Japan 2%, Russia 0.5% (1995).
Types of imports: Crude oil, machinery, and equipment; agricultural products; chemicals, iron and steel products.
Suppliers (1995): Germany 17.8%, Italy 10.1%, U.S. 8.5%, Netherlands 4.9%, Spain 8.8%, Belgium-Luxembourg 9.1%, U.K. 7.9%, Japan 3.7%, Russia 1.2%.

Area: 547,030 sq. km.
Population (1995): 58.03 million.
Work force (1997): 25.7 million; 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: 1997 average $1 = 6.0 FF
                                May 4, 1998: $1 = 5.97 FF.

Germany

Nominal GDP: $2.11 trillion.
Real GDP growth: 1.3%.
Inflation rate: 1%.
Unemployment rate: 11.4%.
Budget surplus/deficit (% GDP): -2%.
Current account surplus/deficit: -$1 billion.
Official development assistance (1996): $7.9 billion (as percent of GNP: 0.33%).

Trade

Exports of goods (1996): $521.09 billion (as percent of GDP: 22.2%).
Export of goods and services (1996): $548.84 billion.
Imports of goods (cif)(1996): $455.93 billion (as percent of GDP: 19.4%).
Imports of goods and services (1996): $ 548.51 billion.
Types of exports (1993): 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%.
Markets (1993): EU 47.9% (France 11.7%, Netherlands 7.4%, Italy 7.5%, U.K. 7.7%, Belgium-Luxembourg 6.6%), EFTA 15.5%, U.S. 7.7%, eastern Europe 5.2%, OPEC 3%.
Types of imports: Manufactures 75.1%, agricultural products 10%, fuels 8.3%, raw materials 5% (1993).
Suppliers (1993): EU 46.4% (France 11.3%, Netherlands 8.4%, Italy 8.1%, U.K. 6%, Belgium-Luxembourg 5.7%), EFTA 14.3%, U.S. 7.3%, Japan 6.3%, eastern Europe 5.1%, OPEC 2.6%.

Area: 356,910 sq. km.
Population: 81.54 million.
Work force (1994): 37 million; agriculture 4%, industry 38%.
Agriculture (1990): 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 most 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: 1997 average: $1 = 1.73 DM
                                 May 4, 1998: $1 = 1.78 DM.

Italy

Nominal GDP: $1.149 trillion (estimated).
Real GDP growth: 1.4%.
Inflation rate: 2%.
Unemployment rate: 12.3%.
Budget surplus/deficit (% GDP): -2.8%
Current account surplus/deficit: $26 billion.
Official Development Assistance (1996): $2.2 billion (as percent of GNP: 0.2%).

Trade

Exports of goods: $238.6 billion (as percent of GDP: 20.7%).
Export of goods and services (est): $311.3 billion (as percent of GDP: 27.1%).
Imports of goods (cif): $210.5 billion (as percent of GDP: 18.3%).
Imports of goods and services: $281 billion (est.) (24.5% of GDP).

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

Area: 301,230 sq. km.
Population (July 1996 est.): 57,460,274.
Work force (1994): 25 million; 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: 1997 average: $1 = 1,703 Lire
                                 May 4, 1998: $1 = 1,757 Lire.

Japan

Nominal GDP: $4.198 trillion
Real GDP growth: 1.0%
Inflation rate: 1.0%.
Unemployment rate: 3.4%.
Budget surplus/deficit (% GDP): -3%.
Current account surplus/deficit: $94.6 billion.
Official development assistance (1996): $10.9 billion (as percent of GNP: 0.2%).

Trade.
Exports of goods: $411.19 billion (as percent of GDP: 9.3%).
Export of goods and services (1995): $482.76 billion.
Imports of goods (cif): $349.26 billion (as percent of GDP: 7.90%).
Imports of goods and services (1995): $406.41 billion.
Types of exports: Manufactures 97% (including machinery 46%, motor vehicles 20%, consumer electronics 10%).
Markets: Southeast Asia 38%, U.S. 27%, Western Europe 17%, China 5%.
Types of imports: Manufactures 52%, fossil fuels 20%, foodstuffs and raw materials 28%.
Suppliers: Southeast Asia 25%, U.S. 22%, Western Europe 16%, China 11%.

Area: 377,835 sq. km.
Population (1995): 125.2 million.
Work force(1994): 65.87 million; 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 most 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: 1997 average: $1 = 121.0 Yen
                                 May 4, 1998: $1 = 133.0 Yen.

United Kingdom

Nominal GDP: $1.29 trillion.
Real GDP growth: 3.5%.
Inflation rate: 3.1%.
Unemployment rate (Dec. 1996): 6.7%.
Budget surplus/deficit (% GDP) (1996): -4.5%.
Current account surplus (est.): -$3.3 billion.
Official Development Assistance (1996): $3.15 billion (as percent of GNP: 0.27%).

Trade

Exports of goods: $281.4 billion (as percent of GDP: 21.8%).
Export of goods and services: $369.2 billion (est.) (28.6% of GDP).
Imports of goods (cif): $306.8 billion (as percent of GDP: 23.8%).
Imports of goods and services: $380 billion (est.) (29.5% of GDP).
Types of exports: Manufactured goods, machinery, fuels, chemicals, semi-finished goods, transport equipment.
Markets: EU countries 56.4% (Germany 12.7%, France 9.9%, Netherlands 7.0%), U.S. 13.1%.
Types of imports: Manufactured goods, machinery, semi-finished goods, foodstuffs, consumer goods.
Suppliers: EU countries 54.9% (Germany 14.6%, France 10%, Netherlands 6.7%), U.S. 12.2%.

Area: 244,820 sq. km.
Population (July 1996 est.): 58,489,975.
Work force (June 1992): 28.048 million; services 62.8%, manufacturing and construction 25%, government 9.1%, energy 1.9%, agriculture 1.2%.
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: 1997 average: $1 = 0.61 Pounds
                                  May 4, 1998: $1 = 0.60 Pounds.

United States

Nominal GDP: $8.08 trillion.
Real GDP growth: 3.8%.
Inflation rate: 2.3%.
Unemployment rate: 4.9%.
Budget surplus/deficit (% GDP): -0.4%.
Current account surplus/deficit: -$166.4 billion.
Official development assistance: $6.2 billion (as percent of GNP: 0.1%).

Trade

Exports of goods: $688.9 billion (as percent of GDP: 8.5%)
Export of goods and services: $931.4 billion (as percent of GDP 11.5%).
Imports of goods (cif): $899.2 billion (as percent of GDP: 11.1%).
Imports of goods and services: $1,046 billion (as percent of GDP 12.9%).
Types of exports: Capital goods, automobiles, industrial supplies and raw materials, consumer goods, agricultural products.
Markets: Western Europe 22.5%, Canada 21.9%, Japan 9.5%, Latin American republics 18.6%.
Types of imports: Crude oil and refined petroleum products, machinery, automobiles, consumer goods, industrial raw materials, food and beverages.
Suppliers: Canada, 19.0%, Western Europe 19.8%, Japan 13.8% Latin American Republics 15.6%.

Area: 9,372,610 sq. km.
Population: 267.7 million (July 1997 est.)
Civilian work force: 136.3 million (includes unemployed); managerial and professional 28.3%, technical, sales, and administrative support 30%, 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 $463 billion.
Real GDP growth: 0.4%.
Inflation rate: 11.4%.
Unemployment rate: 9.5%.
Budget deficit (% GDP) (est.): 6.5%.
Current account surplus: $3.9 billion.

Trade

Exports of goods: Figures not available.
Exports of goods and services: $88.8 billion.
Imports of goods (cif): Figures not available.
Imports of goods and services: $72.2 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, semi-finished metal products.
Suppliers: Europe, North America, Japan, Third World countries, Cuba.

Area: 17 million sq. km.
Population: 148.14 million
Work force (1994): 77 million; 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: 1997 average: $1 = 5.81 Rubles
                                 May 4, 1998: $1 = 6.13 Rubles.

[End of Document]

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