Statistical annex

OECD Economic Outlook, June, 2005

This annex contains data on some main economic series which are intended to provide a background to the recent economic developments in the OECD area described in the main body of this report. The data on some of the tables have been adjusted to internationally agreed concepts and definitions in order to make them more comparable as between countries, as well as consistent with historical data shown in other OECD publications. Regional totals and sub totals are based on those countries in the table for which data are shown. Aggregate measures contained in the Annex, except the series for the euro area (see below), are computed on the basis of 2000 GDP weights expressed in 2000 purchasing power parities (see following page for weights). Aggregate measures for external trade and payments statistics, on the other hand, are based on current year exchange for values and base year exchange rates for volumes.

The OECD projection methods and underlying statistical concepts and sources are described in detail in documentation that can be downloaded from the OECD Internet site:

--OECD Economic Outlook Sources and Methods (www.oecd.org/eco/sources-and-methods).

--OECD Economic Outlook Database Inventory (www.oecd.org/pdf/M00024000/M00024521.pdf).

--The construction of macroeconomic series of the euro area (www.oecd.org/pdf/M00017000/M00017861.pdf).

Country classification

Seven major OECD countries Euro area

OECD

Canada, France, Germany, Italy, Japan, United Kingdom and United States.

Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal and Spain.

Non-OECD

Africa and the Middle East

Africa and the following countries (Middle East): Bahrain, Cyprus, Iran, Iraq, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syrian Arab Republic, United Arab Emirates and Yemen.

Dynamic Asian Economies (DAEs)

Chinese Taipei; Hong Kong, China; Indonesia; Malaysia; the Philippines; Singapore and Thailand.

Other Asia

Non-OECD Asia and Oceania, excluding China, the DAEs and the Middle East.

Latin America

Central and South America.

Central and Eastern Europe

Albania, Bulgaria, Romania, the Newly Independent States of the former Soviet Union, and the Baltic States.

NOTE ON NEW FORECASTING FREQUENCIES AND THE STATISTICAL TREATMENT OF GERMANY, THE CZECH REPUBLIC, HUNGARY, POLAND, THE SLOVAK REPUBLIC AND THE EURO AREA AGGREGATE

NOTE ON NEW FORECASTING FREQUENCIES AND THE STATISTICAL TREATMENT OF GERMANY, THE CZECH REPUBLIC, HUNGARY, POLAND, THE SLOVAK REPUBLIC AND THE EURO AREA AGGREGATE

--OECD is now making quarterly projections on a seasonal and working day-adjusted basis for selected key variables. This implies that differences between adjusted and unadjusted annual data may occur, though these in general are quite small. In some countries, official forecasts of annual figures do not include working-day adjustment. For Germany and Italy in particular, this makes for a marked difference over the projection period. Even when official forecasts do adjust for working days, the size of the adjustment may in some cases differ from that used by the OECD. The cut-off date for information used in the compilation of the projections is 20 May 2005.

--Data up to end 1990 are for western Germany only; unless otherwise indicated, they are for the whole of Germany from 1991 onwards. In tables showing percentage changes from the previous year, data refer to the whole of Germany from 1992 onwards. When data are available for western Germany only, a special mention is made in a footnote to the table.

--For the Czech Republic, Hungary, Poland and the Slovak Republic data are available from 1993 onwards. In tables showing percentage changes from the previous year, the Czech Republic, Hungary, Poland and the Slovak Republic are included from 1994 onwards.

--Greece has entered the euro area on 1 January 2001. In order to ensure comparability of the euro area data over time, Greeace has been included in the calculation of the eura area throughout.