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OECD Economic Outlook
Select the Annex Table below you want to obtain information about
Table 38 Export volumes of goods and services
Table 39 Import volumes of goods and services
Table 40 Export prices of goods and services
Table 41 Import prices of goods and services
Table 42 Competitive positions: relative consumer prices
Table 43 Competitive positions: relative unit labour costs
Table 44 Export performance for total goods and services
Table 45 Shares in world export and imports
Table 46 Geographical structure of world trade growth
Table 47 Trade balances for goods and services
Table 48 Investment income, net
Table 49 Total transfers, net
Table 50 Current account balances
Table 51 Current account balances as a percentage of GDP
Table 52 Structure of current account balances of major world regions
Table 53 Export market growth in goods and services
Table 54 Import penetration
Annex Table 38 - Export volumes of goods and services
Annex Table 39 - Import volumes of goods and services
Definition:
Sources: OECD National Accounts and national statistics
Last updated: 20 February 2006
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Annex Table 40 - Export prices of goods and services
Annex Table 41 - Import Prices of goods and services
Definition: Export and import prices are calculated as average unit values.
Sources: National Accounts
Last updated: 20 February 2006
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Annex Table 42 - Competitive positions: relative consumer prices
Annex Table 43 - Competitive positions: relative unit labour costs
The calculation of competitiveness indicators uses a system of weights based on a double-weighting principle, which takes account of the structure of competition in both export and import markets. A discussion of this methodology is given in Durand et al. (1992). For each year, starting in 1970, the procedure calculates for a given country the relative importance of its competitors in the domestic and foreign markets (which is determined by the pattern of supply - imports plus domestic output - on each market), and then weights it according to the relative share of the different markets in the total demand (exports plus domestic demand) directed at this country.
Competitiveness indicators are also calculated by chain-linking percentage changes in relative indices based on consumer prices and manufacturing unit labour costs. Percentage changes in relative indices are computed by comparing the change in the index for the country concerned (expressed in US dollars at market exchange rates) to a weighted average of changes in the indices for the other OECD countries, the seven Dynamic Asian Economies and five major emerging market countries (also expressed in US dollars).
More precisely, the calculation of competitiveness indicators is done in the following way: let  be the index of real effective exchange rate of country i with base period 0,  is the exchange rate against the US dollar in period t (expressed as US dollars per unit of country i's currency) and  represents alternatively country i's consumer prices or unit labour costs in the manufacturing sector. The formula to compute the percentage change in the real effective exchange rate is the following:
or equivalently:
Sources: OECD calculation
Related links: Effective exchange rates (Annex Table 37)
Last updated: 20 February 2006
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Annex Table 44 - Export performance for total goods and services
Definition: Indicators of export market growth represent the potential export growth for a country assuming that its market shares remain unchanged. Market growth indicators for each country are calculated as a weighted average of import volume growth in all its markets, with the weighting pattern being derived from the share of its exports going to that market in a chosen base year. Indicators of export performance are calculated for each country by comparing the growth of its export volumes with that of its export market. This shows whether the country's exports grow faster or slower than its market, i.e. if over time it is experiencing market share gains or losses.
Sources: National Accounts
Related links: Export market growth and performance in goods and services (Annex Table 53)
Last updated: 20 February 2006
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Annex Table 45 - Shares in world exports and imports
Definition: Shares in the total value of total exports and imports, customs basis. Intra regional trade has not been netted out.
Sources: National Accounts
Related links:
Last updated: 20 February 2006
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Annex Table 46 - Geographical structure of world trade growth
Definition: Regional aggregates are calculated inclusive of intra-regional trade as the sum of volumes expressed in 2000 dollars.
Sources:
Related links:
Last updated: 20 February 2006
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Annex Table 47 - Trade balances for goods and services
Definition: Difference between total exports and imports of goods and services.
Current account balances and component balances for particular regions or country groupings (such as the 'Total OECD' or 'Euro area') are always calculated as the sum of individual member country balances. It is important to note that in the case of the euro area this produces somewhat different results to those published by the ECB who sum the exports and imports of member countries excluding all trade with other member countries. In principle the two methods should produce the same results, but in practice the results differ because of inconsistencies in the recording of intra-euro area trade amongst member countries. In recent years, the sum of the current account balances of all euro area countries has significantly exceeded the euro area figure published by the ECB, although the trend movement is broadly the same. Recall also that the euro area figures published in the EO encompass the 12 current members.
Sources: National Accounts
Related links:
Last updated: 20 February 2006
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Annex Table 48 - Investment income, net
Definition: investment income includes foreign workers' remittances and income arising from foreign investment.
Current account balances and component balances for particular regions or country groupings (such as the 'Total OECD' or 'Euro area') are always calculated as the sum of individual member country balances. It is important to note that in the case of the euro area this produces somewhat different results to those published by the ECB who sum the exports and imports of member countries excluding all trade with other member countries. In principle the two methods should produce the same results, but in practice the results differ because of inconsistencies in the recording of intra-euro area trade amongst member countries. In recent years, the sum of the current account balances of all euro area countries has significantly exceeded the euro area figure published by the ECB, although the trend movement is broadly the same. Recall also that the euro area figures published in the EO encompass the 12 current members.
Sources: OECD and national statistics
Related links:
Last updated: 20 February 2006
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Annex Table 49 - Total transfers, net
Definition: non-factor services cover transportation, travel, communications, construction, insurance, financial, computer and information services, royalties and license fees, other business services, personal, cultural and recreational services, and government services.
Current account balances and component balances for particular regions or country groupings (such as the 'Total OECD' or 'Euro area') are always calculated as the sum of individual member country balances. It is important to note that in the case of the euro area this produces somewhat different results to those published by the ECB who sum the exports and imports of member countries excluding all trade with other member countries. In principle the two methods should produce the same results, but in practice the results differ because of inconsistencies in the recording of intra-euro area trade amongst member countries. In recent years, the sum of the current account balances of all euro area countries has significantly exceeded the euro area figure published by the ECB, although the trend movement is broadly the same. Recall also that the euro area figures published in the EO encompass the 12 current members.
Sources: Balance of payments statistics
Last updated: 20 February 2006
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Annex Table 50 - Current account balances
Definition: The current account balance is derived as the sum of the balance of goods, non-factor services, investment income and current transfers (which consist of all transfers that are not transfers of capital). Data for most countries follow the definitions laid out in IMF Balance of Payments Handbook Number 5 which includes as an investment expenditure (and foreign direct investment) the retained earnings of foreign firms. Data for Hungary follow an older version of the Handbook which excludes retained earnings from these items. As a result, the current account balance for these countries is likely higher (less negative) than it would be were these items treated in the same way as in other OECD countries.
Current account balances and component balances for particular regions or country groupings (such as the 'Total OECD' or 'Euro area') are always calculated as the sum of individual member country balances. It is important to note that in the case of the euro area this produces somewhat different results to those published by the ECB who sum the exports and imports of member countries excluding all trade with other member countries. In principle the two methods should produce the same results, but in practice the results differ because of inconsistencies in the recording of intra-euro area trade amongst member countries. In recent years, the sum of the current account balances of all euro area countries has significantly exceeded the euro area figure published by the ECB, although the trend movement is broadly the same. Recall also that the euro area figures published in the EO encompass the 12 current members.
Sources: International Monetary Fund, Balance of Payments Handbook no 5.
Related links:
Last updated: 20 February 2006
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Annex Table 51 - Current account balances as a percentage of GDP
Definition: Current account balances in local currency divided by nominal GDP. See also notes to Annex Table 50.
Sources:
Last updated: 20 February 2006
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Annex Table 52 - Structure of current account balances of major world regions
Definition: Historical data for the OECD area aggregates of reported balance-of-payments data of each individual country. Because of various statistical problems as a large number of non-reproters among the non-OECD countries, trade and current account balances estimated on the basis of these countries own balance-of-payments records may difer from corresponding estimates shown in this table.
Sources:
Related links:
Last updated: 20 February 2006
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Annex table 53 - Export market growth in goods and services
Definition: Indicators of export market growth represent the potential export growth for a country, assuming that its market shares remain unchanged. Market growth indicators for each county are then calculated as a weighted average of import volume growth n all its markets, with the weighting pattern being derived from the share of its exports going to that market in a chosen base year. Indicators of export performance are calculated for each country by comparing the growth of its export volumes with that of its export market. This shows whether the country's exports grow faster or slower than its market, i.e. if over time it is experiencing market share gains or losses.
Sources: National accounts.
Related links: Export performance for total goods and services (Annex Table 44).
Last updated: 20 February 2006
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Annex Table 54 - Import penetration
Definition:
Sources:
Related links:
Last updated: 20 February 2006
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