Over time consistency of PPP results in the OECD countries

Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized International Comparison Program Over time consistency of PPP results in the OECD countries A numerical example Francette Koechlin 6 th Technical Advisory Group Meeting October 3-4, 2011 Washington DC

Over time consistency of PPP results in the OECD countries: a numerical example TAG, October 3-4, 20111 Overall differences between PPP GDP series and GDP extrapolations from different benchmark years between 2000 and 2009 can be summarized in Table 1. What does Table 1 show? Table 1 shows 5 sets of per capita volume indices for GDP, Individual Household consumption, Government and GFCF for OECD countries with OECD as reference (OECD = 100) from 2000 to 2009. All indices have been calculated using the most recent National Accounts and population figures. ** 4 sets of Indices calculated using PPPs of different "benchmark" years (2000, 2002, 2005, 2008) applied to GDP (an other aggregates) at constant prices (no adjustment for Terms of trade) - Series at constant prices and PPPs ** 1 set of indices calculated by applying benchmark PPPs to current GDP(and other aggregates) - PPP series or series at current prices and PPPs At the OECD we talk about series of current PPPs and not benchmark PPPs as the frequency of calculation is different between OECD European countries and OECD non European countries Note : What are current PPPs? Within the framework of the Eurostat-OECD PPP Programme, PPPs for GDP are calculated on an annual base for the European countries and every three years for the non European countries. PPPs for intermediate years for non European OECD countries are estimated using implicit price deflators for GDP (More precisely, they are calculated as the geometric mean of PPPs based on two successive benchmark years; for example PPPs for the year 2006 for Canada are calculated as the geometric mean of the PPPs extrapolated forward from 2005 and backwards from 2008). Time series for PPPs for Individual Household consumption and Actual individual consumption are calculated the same way. Size of the differences between PPP and NA series - by country and by main aggregate The differences can be quite significant between PPP benchmark results and GDP extrapolations depending on countries. The reasons are multiple and will be not be developed here. The last column of the table indicates both in absolute terms and in % the maximum differences observed in 2008 between the results of the different benchmark years. For GDP, in general differences for OECD countries are relatively small (2-3 %) but they can reach high levels 27 % for Norway (because of the terms of trade) even 40 % for Russia. There are also marked differences for countries from Eastern Europe where rapid changes in price structures have been observed in the recent years. The biggest differences are in general observed between 2000 and 2008 but it is not systematic. How to read & interpret Table 1 1

Looking at results for other main aggregates, one can notice that differences for Individual household consumption are much smaller than for GDP. They are only over 10 % only for a few countries. Looking at Government (individual and collective services) and GFCF much wider differences can be observed - from 10 % to 40 % for most of the countries for GFCF. Extreme values can also be observed for Government. These large differences are to be explained by both by changes in price structures from one year to another but also by changes in methodology. Note the huge differences for Eastern European countries and Russia for Government. What does the OECD Publish? The OECD has followed a two-way strategy concerning the choice between benchmark and extrapolation results for international comparisons. The OECD publishes time series based on both current and constant PPPs. The former enter under the heading GDP per capita at current prices and current PPPs, the latter are labelled as GDP at price levels and PPPs of 2005. The accompanying text recommends GDP per capita data based on constant prices and constant PPPs for comparisons over time. Thus, these data are best suited to answer a question such as: How has the relative position of a country s GDP per capita changed, given its measured growth performance? Current (benchmark) PPPs are put forward as the appropriate tool to compare GDP levels for the latest period available, as they reflect the most recent and most relevant price structure. These data are wellsuited to respond to the question: What is a country s position in terms of GDP (per capita), given the most recent set of international prices? The OECD also promotes more and more comparisons of Actual individual consumption and Disposable income instead of GDP to compare material well-being. How to read & interpret Table 1 2

GDP AUSTRALIA 2000 115 117 118 120 119 119 118 118 118 121 3 GDP AUSTRALIA 2002 114 116 118 119 118 118 117 117 117 121 2% GDP AUSTRALIA 2005 115 117 118 120 119 119 118 118 118 122 GDP AUSTRALIA 2008 113 115 116 118 117 116 116 116 115 119 GDP AUSTRALIA Cur 115 116 118 120 119 119 118 118 115 120 IH AUSTRALIA 2000 110 111 111 114 115 114 115 115 114 116 9 IH AUSTRALIA 2002 109 109 110 113 114 113 113 114 113 115 8% IH AUSTRALIA 2005 104 104 105 108 109 108 108 109 108 110 IH AUSTRALIA 2008 102 102 103 105 106 105 106 106 106 107 IH AUSTRALIA Cur 110 109 110 109 111 108 106 107 106 109 GOV AUSTRALIA 2000 127 140 160 168 169 174 173 183 191 211 32 GOV AUSTRALIA 2002 120 132 151 159 160 165 164 173 180 200 20% GOV AUSTRALIA 2005 120 132 150 158 160 164 164 173 181 201 GOV AUSTRALIA 2008 105 116 132 139 141 144 144 153 159 176 GOV AUSTRALIA Cur 127 151 164 159 GFCF AUSTRALIA 2000 122 134 154 162 164 169 169 180 189 211 37 GFCF AUSTRALIA 2002 121 133 152 160 162 167 168 179 188 209 24% GFCF AUSTRALIA 2005 116 126 145 152 154 159 159 170 178 198 GFCF AUSTRALIA 2008 99 108 124 130 132 136 136 145 152 170 GFCF AUSTRALIA Cur 122 152 159 152 GDP AUSTRIA 2000 118 118 118 117 116 116 116 118 120 120 3 GDP AUSTRIA 2002 117 116 117 116 115 115 115 117 119 119 3% GDP AUSTRIA 2005 115 115 115 114 113 113 114 115 118 117 GDP AUSTRIA 2008 115 114 115 114 113 113 113 115 117 117 GDP AUSTRIA Cur 118 115 117 117 116 113 115 114 117 117 IH AUSTRIA 2000 106 105 104 103 103 102 101 99 100 103 2 IH AUSTRIA 2002 105 104 103 102 101 100 99 98 98 101 2% IH AUSTRIA 2005 106 106 105 103 103 102 101 100 100 103 IH AUSTRIA 2008 106 106 105 104 103 102 101 100 100 103 IH AUSTRIA Cur 106 103 103 103 102 102 102 100 100 103 GOV AUSTRIA 2000 124 123 119 122 117 113 110 111 117 122 11 GOV AUSTRIA 2002 128 128 123 126 121 116 113 114 121 126 10% GOV AUSTRIA 2005 126 126 122 125 120 116 113 114 121 126 GOV AUSTRIA 2008 116 115 111 114 110 106 103 104 111 115 GOV AUSTRIA Cur 124 123 116 111 GFCF AUSTRIA 2000 115 114 111 114 110 106 104 105 112 117 12 GFCF AUSTRIA 2002 120 119 115 119 114 110 108 110 117 123 10% GFCF AUSTRIA 2005 124 123 119 123 118 114 112 114 121 126 GFCF AUSTRIA 2008 127 126 122 126 121 117 114 116 124 130 GFCF AUSTRIA Cur 115 115 114 124 GDP BELGIUM 2000 113 113 113 112 112 111 111 111 112 112 6 GDP BELGIUM 2002 116 116 116 115 115 114 114 114 114 115 6% GDP BELGIUM 2005 111 110 110 109 110 109 108 108 109 110 GDP BELGIUM 2008 110 110 110 109 109 108 108 108 108 109 GDP BELGIUM Cur 113 113 116 113 111 109 108 107 108 110 IH BELGIUM 2000 99 98 97 96 94 93 92 91 92 93 3 IH BELGIUM 2002 100 99 98 96 95 93 93 92 93 94 4% IH BELGIUM 2005 96 96 94 93 92 90 89 89 90 90 IH BELGIUM 2008 97 97 95 94 93 91 90 89 90 91 IH BELGIUM Cur 99 98 98 93 92 90 89 89 90 91 GOV BELGIUM 2000 105 108 104 102 105 107 105 108 112 120 12 GOV BELGIUM 2002 107 109 105 103 107 108 106 109 113 122 12% GOV BELGIUM 2005 97 99 96 94 97 98 96 99 103 111 GOV BELGIUM 2008 94 97 93 92 95 96 94 97 101 109 GOV BELGIUM Cur 105 105 98 101 GFCF BELGIUM 2000 101 103 100 98 102 103 102 106 111 120 19 GFCF BELGIUM 2002 105 107 104 102 105 107 106 110 115 124 17% GFCF BELGIUM 2005 112 114 111 109 112 114 113 117 122 132 GFCF BELGIUM 2008 119 122 118 115 119 122 120 124 130 140 GFCF BELGIUM Cur 101 104 114 130 GDP CANADA 2000 117 117 118 118 117 117 116 115 115 115 4 GDP CANADA 2002 114 114 115 115 115 115 114 113 113 113 4% GDP CANADA 2005 118 119 120 119 119 119 118 117 117 117 GDP CANADA 2008 116 116 117 117 116 116 116 115 114 115 GDP CANADA Cur 117 117 115 117 117 119 117 116 114 114 IH CANADA 2000 105 104 105 106 105 106 107 109 111 112 10 IH CANADA 2002 103 103 104 104 104 104 106 107 109 111 10% IH CANADA 2005 103 103 104 104 104 104 105 107 109 111 IH CANADA 2008 95 95 96 96 96 97 98 99 101 102 IH CANADA Cur 105 104 104 104 104 104 101 103 101 102 GOV CANADA 2000 102 107 109 113 116 120 122 122 125 125 10 GOV CANADA 2002 94 99 101 104 107 111 113 113 115 115 8% GOV CANADA 2005 98 102 104 108 111 115 117 117 120 120 GOV CANADA 2008 98 102 104 108 111 115 117 117 120 120 GOV CANADA Cur 102 101 115 120 GFCF CANADA 2000 120 125 128 133 136 142 145 147 151 151 26 GFCF CANADA 2002 113 117 120 125 128 133 137 138 142 142 20% GFCF CANADA 2005 107 112 114 119 122 127 130 131 135 135 GFCF CANADA 2008 100 104 106 110 113 118 121 122 126 126 GFCF CANADA Cur 120 120 127 126 Table 1 3

GDP CZECH REPUBLIC 2000 62 63 64 65 66 69 72 74 75 75 2 GDP CZECH REPUBLIC 2002 63 64 65 67 68 71 73 76 77 76 2% GDP CZECH REPUBLIC 2005 61 63 64 65 66 69 72 74 75 75 GDP CZECH REPUBLIC 2008 62 63 64 66 67 69 72 75 76 75 GDP CZECH REPUBLIC Cur 62 64 65 67 69 69 71 74 76 77 IH CZECH REPUBLIC 2000 50 51 52 54 54 54 55 57 58 59 0 IH CZECH REPUBLIC 2002 50 51 51 54 54 54 55 57 58 59 1% IH CZECH REPUBLIC 2005 50 51 51 53 54 54 55 56 58 59 IH CZECH REPUBLIC 2008 50 51 52 54 54 54 56 57 59 59 IH CZECH REPUBLIC Cur 50 53 51 54 54 54 55 56 59 59 GOV CZECH REPUBLIC 2000 142 155 166 164 164 159 161 174 173 181 59 GOV CZECH REPUBLIC 2002 110 120 128 127 126 123 125 134 134 140 52% GOV CZECH REPUBLIC 2005 100 109 117 116 115 112 114 123 123 128 GOV CZECH REPUBLIC 2008 93 101 108 107 107 104 106 114 114 119 GOV CZECH REPUBLIC Cur 142 128 112 114 GFCF CZECH REPUBLIC 2000 55 59 64 63 63 62 63 68 68 72 6 GFCF CZECH REPUBLIC 2002 54 59 63 63 63 61 63 68 68 72 9% GFCF CZECH REPUBLIC 2005 57 62 67 66 66 65 66 71 72 75 GFCF CZECH REPUBLIC 2008 60 65 69 69 69 67 68 74 74 78 GFCF CZECH REPUBLIC Cur 55 63 65 74 GDP DENMARK 2000 118 118 117 116 115 115 116 115 113 111 6 GDP DENMARK 2002 120 120 119 117 117 117 118 117 115 113 5% GDP DENMARK 2005 115 115 114 113 112 112 113 112 110 108 GDP DENMARK 2008 121 121 120 118 118 118 119 118 116 114 GDP DENMARK Cur 118 117 119 114 115 112 114 114 116 114 IH DENMARK 2000 92 90 90 89 91 92 93 94 93 90 7 IH DENMARK 2002 91 89 89 88 90 91 92 93 92 89 8% IH DENMARK 2005 85 83 83 82 84 85 86 87 86 84 IH DENMARK 2008 87 85 85 84 86 87 88 89 88 85 IH DENMARK Cur 92 88 89 84 86 85 88 88 88 85 GOV DENMARK 2000 111 111 113 111 110 110 120 117 115 112 11 GOV DENMARK 2002 113 113 114 112 111 111 121 118 116 113 11% GOV DENMARK 2005 101 101 102 100 100 100 109 107 105 103 GOV DENMARK 2008 105 105 106 104 104 104 113 111 109 106 GOV DENMARK Cur 111 114 100 109 GFCF DENMARK 2000 108 108 109 107 107 107 118 116 115 113 10 GFCF DENMARK 2002 109 108 110 108 108 108 119 117 116 114 9% GFCF DENMARK 2005 115 114 116 114 114 114 125 123 122 119 GFCF DENMARK 2008 118 118 119 117 117 117 129 127 125 123 GFCF DENMARK Cur 108 110 114 125 GDP ESTONIA 2000 40 43 47 50 52 56 61 64 61 54 4 GDP ESTONIA 2002 40 43 46 49 52 56 60 63 60 54 6% GDP ESTONIA 2005 40 43 46 50 52 56 60 63 61 54 GDP ESTONIA 2008 43 46 49 52 55 59 64 67 64 57 GDP ESTONIA Cur 40 43 46 50 52 56 61 64 64 60 IH ESTONIA 2000 33 35 38 41 44 48 53 57 54 45 3 IH ESTONIA 2002 33 35 38 41 44 48 53 57 54 45 6% IH ESTONIA 2005 32 34 37 40 43 46 51 55 52 43 IH ESTONIA 2008 31 33 36 39 42 45 50 54 51 42 IH ESTONIA Cur 33 35 38 41 43 46 57 52 51 43 GOV ESTONIA 2000 99 111 140 165 167 185 219 227 197 151 70 GOV ESTONIA 2002 87 97 123 144 146 161 191 198 172 132 54% GOV ESTONIA 2005 76 85 107 126 128 141 168 174 152 117 GOV ESTONIA 2008 64 71 90 106 107 119 141 147 128 98 GOV ESTONIA Cur 99 123 141 128 GFCF ESTONIA 2000 31 34 44 51 52 58 69 72 63 49 16 GFCF ESTONIA 2002 30 33 42 50 51 56 67 70 61 47 26% GFCF ESTONIA 2005 35 39 49 58 59 65 78 81 71 55 GFCF ESTONIA 2008 38 42 53 63 64 71 84 88 77 59 GFCF ESTONIA Cur 31 42 65 77 GDP FINLAND 2000 105 107 107 108 109 110 112 115 116 110 6 GDP FINLAND 2002 104 106 106 107 108 109 110 113 114 109 6% GDP FINLAND 2005 99 101 101 102 103 104 105 108 109 104 GDP FINLAND 2008 101 103 103 104 105 106 107 110 111 106 GDP FINLAND Cur 105 106 106 103 106 104 105 109 111 107 IH FINLAND 2000 78 79 80 82 83 83 85 85 87 86 4 IH FINLAND 2002 78 79 79 82 82 83 84 85 87 86 5% IH FINLAND 2005 74 75 76 78 78 79 80 81 83 82 IH FINLAND 2008 78 78 79 81 82 82 84 85 86 85 IH FINLAND Cur 78 78 79 79 80 79 81 83 86 85 GOV FINLAND 2000 99 103 100 102 102 101 98 106 107 104 11 GOV FINLAND 2002 101 106 103 104 104 103 101 108 110 107 10% GOV FINLAND 2005 97 101 99 100 100 99 97 104 106 103 GOV FINLAND 2008 107 112 109 110 111 109 107 115 117 114 GOV FINLAND Cur 99 103 99 117 GFCF FINLAND 2000 111 116 113 115 115 114 112 122 124 121 16 GFCF FINLAND 2002 120 124 122 123 124 123 121 131 134 131 13% GFCF FINLAND 2005 106 110 108 109 110 109 107 116 118 115 GFCF FINLAND 2008 108 112 109 111 111 110 108 117 120 117 GFCF FINLAND Cur 111 122 109 120 Table 1 4

GDP FRANCE 2000 104 104 104 103 102 101 100 100 100 101 4 GDP FRANCE 2002 107 108 107 106 105 105 104 103 103 104 4% GDP FRANCE 2005 103 104 103 102 101 100 99 99 99 100 GDP FRANCE 2008 105 105 104 104 103 102 101 101 101 101 GDP FRANCE Cur 104 106 107 103 101 100 100 100 101 102 IH FRANCE 2000 95 96 96 95 95 95 94 94 95 97 5 IH FRANCE 2002 98 98 98 98 97 97 97 97 97 99 5% IH FRANCE 2005 93 94 94 94 93 93 92 92 93 95 IH FRANCE 2008 93 93 93 93 92 92 92 92 92 94 IH FRANCE Cur 95 98 98 93 93 93 92 92 92 94 GOV FRANCE 2000 92 96 95 95 93 93 92 95 96 102 17 GOV FRANCE 2002 108 112 111 111 109 108 108 111 113 119 17% GOV FRANCE 2005 93 96 95 95 94 93 93 95 98 103 GOV FRANCE 2008 96 99 99 99 97 97 96 99 101 107 GOV FRANCE Cur 92 111 93 101 GFCF FRANCE 2000 81 83 83 83 82 82 82 85 87 92 22 GFCF FRANCE 2002 86 88 88 88 87 87 87 90 93 98 25% GFCF FRANCE 2005 94 97 97 97 96 95 95 99 101 107 GFCF FRANCE 2008 101 104 103 103 102 102 102 106 108 115 GFCF FRANCE Cur 81 88 95 108 GDP GERMANY 2000 107 107 106 104 103 102 103 103 105 104 5 GDP GERMANY 2002 107 108 106 105 104 102 103 104 106 105 4% GDP GERMANY 2005 111 112 110 109 107 106 107 108 110 109 GDP GERMANY 2008 111 111 110 108 107 106 107 108 109 109 GDP GERMANY Cur 107 107 106 107 106 106 107 107 109 110 IH GERMANY 2000 105 106 103 101 99 97 97 95 96 98 2 IH GERMANY 2002 106 106 103 102 99 98 97 95 97 98 2% IH GERMANY 2005 108 108 105 104 102 100 99 97 99 101 IH GERMANY 2008 108 108 105 104 102 100 99 97 99 101 IH GERMANY Cur 105 106 103 103 102 100 99 97 99 101 GOV GERMANY 2000 98 95 91 89 85 82 86 87 92 95 12 GOV GERMANY 2002 93 91 87 85 81 79 82 83 88 90 13% GOV GERMANY 2005 95 93 89 87 83 81 84 86 90 93 GOV GERMANY 2008 105 103 98 96 92 89 92 95 99 103 GOV GERMANY Cur 98 87 81 99 GFCF GERMANY 2000 104 101 97 95 91 88 92 95 100 104 7 GFCF GERMANY 2002 97 94 90 88 85 82 86 89 94 97 7% GFCF GERMANY 2005 100 98 93 92 88 85 89 92 97 100 GFCF GERMANY 2008 100 97 93 91 87 85 89 91 96 100 GFCF GERMANY Cur 104 90 85 96 GDP GREECE 2000 76 78 80 83 84 84 86 88 88 90 5 GDP GREECE 2002 79 82 83 87 88 88 90 92 93 94 6% GDP GREECE 2005 75 77 79 82 83 83 85 87 87 89 GDP GREECE 2008 75 78 80 83 84 84 86 88 88 90 GDP GREECE Cur 76 79 83 85 86 83 86 85 88 89 IH GREECE 2000 83 85 88 89 90 92 94 94 97 97 7 IH GREECE 2002 89 92 94 96 97 99 101 101 104 104 7% IH GREECE 2005 84 87 89 91 92 93 95 96 99 98 IH GREECE 2008 87 89 92 93 94 96 98 99 102 101 IH GREECE Cur 83 88 94 92 92 93 96 97 102 99 GOV GREECE 2000 83 89 98 108 103 92 98 100 94 95 25 GOV GREECE 2002 94 101 111 122 117 105 111 113 107 108 31% GOV GREECE 2005 87 93 102 112 108 97 102 105 99 100 GOV GREECE 2008 71 76 84 93 89 79 84 86 81 83 GOV GREECE Cur 83 111 97 81 GFCF GREECE 2000 65 69 77 84 81 73 78 80 76 77 9 GFCF GREECE 2002 66 70 78 85 82 74 79 81 77 78 11% GFCF GREECE 2005 70 75 83 91 88 79 84 86 82 83 GFCF GREECE 2008 73 77 86 94 91 81 86 89 85 86 GFCF GREECE Cur 65 78 79 85 GDP HUNGARY 2000 50 52 53 55 56 57 58 57 58 56 4 GDP HUNGARY 2002 53 55 57 59 60 61 62 61 62 60 7% GDP HUNGARY 2005 50 52 54 55 57 57 58 57 58 57 GDP HUNGARY 2008 53 54 56 58 59 60 61 60 61 59 GDP HUNGARY Cur 50 54 57 58 58 57 58 58 61 61 IH HUNGARY 2000 41 43 48 51 51 52 52 51 52 49 3 IH HUNGARY 2002 41 43 47 51 51 52 52 51 52 49 6% IH HUNGARY 2005 39 41 45 48 49 49 49 49 49 46 IH HUNGARY 2008 39 41 45 48 49 49 49 49 49 46 IH HUNGARY Cur 41 44 47 50 49 49 49 48 49 48 GOV HUNGARY 2000 96 102 115 116 120 123 114 116 122 127 38 GOV HUNGARY 2002 82 87 98 99 102 105 97 98 104 108 45% GOV HUNGARY 2005 67 72 81 82 85 87 81 82 87 90 GOV HUNGARY 2008 65 70 79 80 82 84 78 80 84 88 GOV HUNGARY Cur 96 98 87 84 GFCF HUNGARY 2000 36 38 43 43 45 46 43 44 47 49 7 GFCF HUNGARY 2002 38 40 45 46 47 49 46 47 49 52 15% GFCF HUNGARY 2005 38 40 45 46 48 49 46 47 49 52 GFCF HUNGARY 2008 41 44 49 50 52 53 50 51 54 56 GFCF HUNGARY Cur 36 45 49 54 Table 1 5

GDP ICELAND 2000 118 121 119 119 124 129 128 130 129 125 15 GDP ICELAND 2002 120 122 120 121 125 130 129 131 130 126 13% GDP ICELAND 2005 109 111 109 110 114 118 118 119 118 115 GDP ICELAND 2008 106 108 106 106 111 115 114 116 115 112 GDP ICELAND Cur 118 121 120 115 120 118 114 112 115 111 IH ICELAND 2000 106 100 96 100 104 114 112 114 102 87 5 IH ICELAND 2002 106 99 96 99 103 113 111 113 101 87 5% IH ICELAND 2005 102 96 93 96 100 109 108 110 98 84 IH ICELAND 2008 101 95 92 95 99 108 107 108 97 83 IH ICELAND Cur 106 100 96 97 101 109 108 108 97 85 GOV ICELAND 2000 147 141 122 133 161 207 237 201 160 90 28 GOV ICELAND 2002 137 131 114 123 150 193 220 187 150 84 21% GOV ICELAND 2005 120 116 100 109 132 170 195 166 133 75 GOV ICELAND 2008 121 117 101 110 134 172 197 167 134 75 GOV ICELAND Cur 147 114 170 134 GFCF ICELAND 2000 137 131 114 124 151 194 223 191 154 87 29 GFCF ICELAND 2002 142 135 118 128 156 201 232 198 160 90 21% GFCF ICELAND 2005 150 143 125 136 165 213 245 209 169 95 GFCF ICELAND 2008 124 119 103 112 136 176 202 173 139 79 GFCF ICELAND Cur 137 118 213 139 GDP IRELAND 2000 118 122 126 128 128 131 131 132 126 121 2 GDP IRELAND 2002 119 123 128 129 130 132 132 134 127 122 1% GDP IRELAND 2005 118 122 126 128 129 131 131 133 126 121 GDP IRELAND 2008 117 121 126 128 128 130 130 132 125 120 GDP IRELAND Cur 118 121 128 129 130 131 134 137 125 120 IH IRELAND 2000 88 90 90 90 89 91 93 95 92 86 3 IH IRELAND 2002 86 88 88 88 87 89 91 93 90 84 3% IH IRELAND 2005 89 90 91 90 90 92 94 96 93 87 IH IRELAND 2008 88 90 90 90 89 91 93 95 92 86 IH IRELAND Cur 88 89 88 90 89 92 93 96 92 86 GOV IRELAND 2000 139 139 143 147 152 163 160 157 135 106 16 GOV IRELAND 2002 139 140 143 147 152 164 160 157 135 106 14% GOV IRELAND 2005 139 139 143 147 152 163 160 157 136 107 GOV IRELAND 2008 122 122 125 129 134 144 141 138 119 94 GOV IRELAND Cur 139 143 163 119 GFCF IRELAND 2000 118 118 122 126 130 140 138 137 119 93 40 GFCF IRELAND 2002 129 129 133 137 142 153 151 149 129 102 34% GFCF IRELAND 2005 133 132 136 141 145 157 155 153 132 104 GFCF IRELAND 2008 159 159 163 168 174 188 186 183 159 125 GFCF IRELAND Cur 118 133 157 159 GDP ISRAEL 2000 96 94 90 89 90 90 92 93 96 99 15 GDP ISRAEL 2002 97 94 91 89 90 91 92 94 96 99 18% GDP ISRAEL 2005 84 82 79 78 78 79 80 81 84 86 GDP ISRAEL 2008 82 80 77 76 76 77 78 79 81 84 GDP ISRAEL Cur 96 93 91 84 84 79 79 80 81 84 IH ISRAEL 2000 74 74 71 69 70 69 70 72 73 74 7 IH ISRAEL 2002 74 74 72 69 70 70 70 72 73 74 11% IH ISRAEL 2005 71 71 68 66 67 67 67 69 70 71 IH ISRAEL 2008 67 67 65 63 63 63 63 65 66 67 IH ISRAEL Cur 74 73 72 68 69 67 65 67 66 67 GOV ISRAEL 2000 94 91 84 78 74 72 77 84 88 93 19 GOV ISRAEL 2002 99 95 88 82 77 75 81 89 92 98 26% GOV ISRAEL 2005 92 88 82 76 72 70 75 83 86 92 GOV ISRAEL 2008 78 75 70 65 61 59 64 70 73 78 GOV ISRAEL Cur 94 88 70 73 GFCF ISRAEL 2000 102 98 91 85 80 78 85 94 98 105 29 GFCF ISRAEL 2002 102 98 91 84 80 78 84 94 98 105 41% GFCF ISRAEL 2005 86 82 77 71 67 66 71 79 83 88 GFCF ISRAEL 2008 73 70 65 60 57 56 60 67 70 74 GFCF ISRAEL Cur 102 91 66 70 GDP ITALY 2000 105 106 105 103 101 99 98 97 95 93 6 GDP ITALY 2002 103 104 103 101 99 97 96 95 94 92 7% GDP ITALY 2005 101 102 101 99 97 95 94 93 91 90 GDP ITALY 2008 108 109 108 106 104 102 101 100 98 96 GDP ITALY Cur 105 108 103 102 98 95 96 96 98 98 IH ITALY 2000 100 99 97 96 94 92 91 89 88 88 5 IH ITALY 2002 98 97 95 94 92 90 89 87 86 86 6% IH ITALY 2005 98 97 95 94 92 90 89 88 87 86 IH ITALY 2008 103 102 101 99 97 95 94 92 91 91 IH ITALY Cur 100 98 95 95 92 90 90 90 91 91 GOV ITALY 2000 91 95 99 96 93 89 88 86 84 84 11 GOV ITALY 2002 98 103 108 104 101 97 95 94 91 91 14% GOV ITALY 2005 85 89 94 90 88 84 83 82 80 80 GOV ITALY 2008 97 101 106 102 100 95 94 93 91 91 GOV ITALY Cur 91 108 84 91 GFCF ITALY 2000 99 103 109 105 102 98 97 97 95 96 17 GFCF ITALY 2002 104 108 114 110 107 103 102 102 100 100 18% GFCF ITALY 2005 106 110 116 112 109 105 104 103 101 102 GFCF ITALY 2008 117 122 128 124 121 116 115 114 112 112 GFCF ITALY Cur 99 114 105 112 Table 1 6

GDP JAPAN 2000 105 104 104 103 104 104 103 103 103 102 3 GDP JAPAN 2002 105 104 103 103 104 103 103 103 103 102 3% GDP JAPAN 2005 104 103 102 102 103 103 102 102 102 101 GDP JAPAN 2008 102 101 100 100 100 100 100 100 100 99 GDP JAPAN Cur 105 104 103 103 103 103 101 101 100 98 IH JAPAN 2000 87 86 86 85 84 83 83 83 83 83 5 IH JAPAN 2002 88 88 87 86 85 84 84 84 84 85 6% IH JAPAN 2005 91 91 90 89 88 88 87 87 87 88 IH JAPAN 2008 92 92 91 90 89 88 88 88 88 89 IH JAPAN Cur 87 86 87 88 87 88 87 88 88 89 GOV JAPAN 2000 137 138 133 130 126 125 120 116 116 114 12 GOV JAPAN 2002 133 134 129 126 122 121 117 113 112 111 11% GOV JAPAN 2005 145 146 141 138 134 133 128 124 124 122 GOV JAPAN 2008 146 147 141 138 135 133 129 124 124 123 GOV JAPAN Cur 137 129 133 124 GFCF JAPAN 2000 136 136 132 129 126 124 121 118 118 117 9 GFCF JAPAN 2002 133 133 129 126 123 122 119 116 116 115 8% GFCF JAPAN 2005 126 126 122 119 117 116 112 109 109 108 GFCF JAPAN 2008 130 130 125 123 119 118 115 112 112 111 GFCF JAPAN Cur 136 129 116 112 GDP KOREA 2000 71 72 76 77 78 80 82 84 86 89 7 GDP KOREA 2002 70 72 76 77 78 79 81 83 85 89 9% GDP KOREA 2005 68 70 74 75 76 77 79 81 83 86 GDP KOREA 2008 65 67 70 71 72 73 75 77 79 82 GDP KOREA Cur 71 72 76 76 77 77 77 79 79 82 IH KOREA 2000 58 60 64 63 61 62 64 66 66 68 2 IH KOREA 2002 57 59 63 61 60 61 62 64 65 66 3% IH KOREA 2005 57 59 63 62 60 61 63 65 65 67 IH KOREA 2008 57 58 62 61 59 61 62 64 65 66 IH KOREA Cur 58 60 63 62 60 61 62 64 65 66 GOV KOREA 2000 110 112 121 124 121 118 116 118 118 134 12 GOV KOREA 2002 120 121 131 134 131 127 126 128 127 145 10% GOV KOREA 2005 114 115 124 127 124 121 120 122 122 139 GOV KOREA 2008 108 109 118 121 118 115 114 116 116 132 GOV KOREA Cur 110 131 121 116 GFCF KOREA 2000 92 93 101 103 101 99 98 101 101 116 18 GFCF KOREA 2002 98 98 107 109 107 105 104 107 107 123 18% GFCF KOREA 2005 108 109 118 121 119 116 115 118 119 135 GFCF KOREA 2008 109 110 119 122 119 116 116 118 119 136 GFCF KOREA Cur 92 107 116 119 GDP LUXEMBOURG 2000 220 222 226 224 225 229 231 238 238 234 30 GDP LUXEMBOURG 2002 216 218 222 220 221 225 227 233 234 230 13% GDP LUXEMBOURG 2005 222 224 228 226 227 231 233 240 240 237 GDP LUXEMBOURG 2008 244 246 251 249 250 254 256 264 264 260 GDP LUXEMBOURG Cur 220 215 222 228 231 231 249 255 264 257 IH LUXEMBOURG 2000 153 154 159 145 143 140 140 140 144 144 14 IH LUXEMBOURG 2002 152 153 157 144 141 139 139 138 143 142 11% IH LUXEMBOURG 2005 142 143 147 135 132 130 130 129 134 133 IH LUXEMBOURG 2008 138 138 143 131 128 126 126 126 130 129 IH LUXEMBOURG Cur 153 152 157 145 143 130 131 126 130 129 GOV LUXEMBOURG 2000 155 169 179 185 180 174 171 193 197 178 15 GOV LUXEMBOURG 2002 166 182 192 198 193 186 183 207 211 191 8% GOV LUXEMBOURG 2005 159 173 184 190 185 179 176 199 203 185 GOV LUXEMBOURG 2008 153 167 177 184 178 173 170 192 196 178 GOV LUXEMBOURG Cur 155 192 179 196 GFCF LUXEMBOURG 2000 194 211 225 232 226 220 217 248 254 231 48 GFCF LUXEMBOURG 2002 186 203 216 224 218 211 209 239 245 223 20% GFCF LUXEMBOURG 2005 222 242 257 266 260 252 249 284 291 265 GFCF LUXEMBOURG 2008 224 244 260 269 262 254 251 286 293 267 GFCF LUXEMBOURG Cur 194 216 252 293 GDP MEXICO 2000 41 40 40 40 40 40 40 41 41 40 4 GDP MEXICO 2002 41 41 40 40 40 40 41 41 41 40 9% GDP MEXICO 2005 44 43 42 42 42 42 43 43 43 42 GDP MEXICO 2008 45 44 44 43 43 44 44 44 45 44 GDP MEXICO Cur 41 40 40 41 41 42 43 44 45 43 IH MEXICO 2000 41 41 41 40 41 42 43 44 44 42 2 IH MEXICO 2002 41 41 41 40 41 42 43 44 44 42 4% IH MEXICO 2005 43 43 42 42 43 44 45 45 46 43 IH MEXICO 2008 42 42 41 41 42 43 44 44 45 42 IH MEXICO Cur 41 41 41 41 42 44 44 45 45 42 GOV MEXICO 2000 69 65 65 63 65 66 70 72 77 78 8 GOV MEXICO 2002 61 58 58 57 58 59 62 64 69 69 12% GOV MEXICO 2005 62 58 58 57 58 60 62 65 69 70 GOV MEXICO 2008 66 63 63 61 63 64 67 70 75 76 GOV MEXICO Cur 69 58 60 75 GFCF MEXICO 2000 32 30 30 29 30 31 32 34 37 37 3 GFCF MEXICO 2002 32 30 30 29 30 31 32 34 37 37 10% GFCF MEXICO 2005 33 31 31 31 31 32 34 35 38 39 GFCF MEXICO 2008 30 28 28 28 29 29 31 32 35 35 GFCF MEXICO Cur 32 30 32 35 Table 1 7

GDP NETHERLANDS 2000 121 121 120 118 117 117 118 120 122 121 4 GDP NETHERLANDS 2002 124 125 123 122 121 121 121 123 126 125 3% GDP NETHERLANDS 2005 123 123 121 120 119 119 120 122 124 123 GDP NETHERLANDS 2008 125 125 124 122 121 121 122 124 126 125 GDP NETHERLANDS Cur 121 122 123 119 118 119 121 123 126 123 IH NETHERLANDS 2000 102 101 100 98 96 95 92 92 93 92 2 IH NETHERLANDS 2002 104 103 102 100 98 97 94 94 95 94 2% IH NETHERLANDS 2005 102 101 100 98 96 95 92 92 93 92 IH NETHERLANDS 2008 103 102 101 99 97 96 93 93 94 93 IH NETHERLANDS Cur 102 102 102 97 96 95 93 94 94 91 GOV NETHERLANDS 2000 126 128 123 119 112 111 114 117 125 125 9 GOV NETHERLANDS 2002 131 132 127 123 115 114 118 121 129 129 7% GOV NETHERLANDS 2005 121 123 118 114 107 106 110 113 121 121 GOV NETHERLANDS 2008 121 122 118 114 107 106 110 113 121 120 GOV NETHERLANDS Cur 126 127 106 121 GFCF NETHERLANDS 2000 108 109 105 101 96 95 99 102 110 110 10 GFCF NETHERLANDS 2002 105 105 102 98 93 92 96 99 107 107 10% GFCF NETHERLANDS 2005 112 113 109 105 99 99 103 106 114 114 GFCF NETHERLANDS 2008 115 116 112 108 102 102 105 109 117 117 GFCF NETHERLANDS Cur 108 102 99 117 GDP NEW ZEALAND 2000 86 88 90 91 90 90 89 89 87 91 5 GDP NEW ZEALAND 2002 84 86 88 89 88 88 87 87 85 89 6% GDP NEW ZEALAND 2005 82 83 85 86 85 85 84 84 83 86 GDP NEW ZEALAND 2008 84 86 88 89 88 88 87 87 85 89 GDP NEW ZEALAND Cur 86 88 88 88 87 85 86 86 85 87 IH NEW ZEALAND 2000 82 82 84 86 86 87 87 87 86 86 6 IH NEW ZEALAND 2002 80 80 81 83 84 85 84 84 83 84 8% IH NEW ZEALAND 2005 76 76 77 79 80 81 80 80 79 80 IH NEW ZEALAND 2008 77 77 78 80 81 82 81 81 80 81 IH NEW ZEALAND Cur 82 82 81 81 82 81 80 81 80 80 GOV NEW ZEALAND 2000 91 98 105 115 117 117 108 109 105 104 4 GOV NEW ZEALAND 2002 88 95 102 111 113 113 105 106 102 101 4% GOV NEW ZEALAND 2005 87 94 101 110 112 112 104 105 101 101 GOV NEW ZEALAND 2008 91 98 105 115 117 117 108 110 105 105 GOV NEW ZEALAND Cur 91 102 112 105 GFCF NEW ZEALAND 2000 71 76 82 90 91 91 85 87 84 84 13 GFCF NEW ZEALAND 2002 73 78 85 92 94 94 88 90 87 87 17% GFCF NEW ZEALAND 2005 68 73 78 85 87 87 81 83 80 80 GFCF NEW ZEALAND 2008 63 67 72 79 81 81 75 77 74 74 GFCF NEW ZEALAND Cur 71 85 87 74 GDP NORWAY 2000 148 150 150 148 149 149 148 148 147 149 37 GDP NORWAY 2002 142 143 143 142 143 143 141 141 141 143 27% GDP NORWAY 2005 159 160 160 159 160 160 158 158 158 160 GDP NORWAY 2008 179 181 181 180 181 181 179 179 178 181 GDP NORWAY Cur 148 148 143 144 150 160 169 166 178 169 IH NORWAY 2000 96 96 97 98 100 101 103 106 106 107 1 IH NORWAY 2002 95 95 96 97 99 100 102 105 106 106 1% IH NORWAY 2005 95 95 96 97 99 100 102 105 106 107 IH NORWAY 2008 95 95 96 97 99 100 102 105 105 106 IH NORWAY Cur 96 95 96 99 101 100 102 106 105 108 GOV NORWAY 2000 125 125 124 122 128 138 147 160 164 172 6 GOV NORWAY 2002 122 122 122 119 125 135 144 156 161 168 4% GOV NORWAY 2005 121 121 120 118 124 134 143 156 160 168 GOV NORWAY 2008 119 119 119 117 123 133 141 154 159 166 GOV NORWAY Cur 125 122 134 159 GFCF NORWAY 2000 122 121 121 119 126 136 145 159 165 174 24 GFCF NORWAY 2002 120 119 119 117 124 134 143 157 163 171 15% GFCF NORWAY 2005 135 135 135 132 139 151 161 177 183 192 GFCF NORWAY 2008 138 137 137 135 142 154 164 180 187 196 GFCF NORWAY Cur 122 119 151 187 GDP OECD 2000 100 100 100 100 100 100 100 100 100 100 GDP OECD 2002 100 100 100 100 100 100 100 100 100 100 GDP OECD 2005 100 100 100 100 100 100 100 100 100 100 GDP OECD 2008 100 100 100 100 100 100 100 100 100 100 GDP OECD Cur 100 100 100 100 100 100 100 100 100 100 IH OECD 2000 100 100 100 100 100 100 100 100 100 100 IH OECD 2002 100 100 100 100 100 100 100 100 100 100 IH OECD 2005 100 100 100 100 100 100 100 100 100 100 IH OECD 2008 100 100 100 100 100 100 100 100 100 100 IH OECD Cur 100 100 100 100 100 100 100 100 100 100 GOV OECD 2000 100 100 100 100 100 100 100 100 100 100 GOV OECD 2002 100 100 100 100 100 100 100 100 100 100 GOV OECD 2005 100 100 100 100 100 100 100 100 100 100 GOV OECD 2008 100 100 100 100 100 100 100 100 100 100 GOV OECD Cur 100 100 100 100 GFCF OECD 2000 100 100 100 100 100 100 100 100 100 100 GFCF OECD 2002 100 100 100 100 100 100 100 100 100 100 GFCF OECD 2005 100 100 100 100 100 100 100 100 100 100 GFCF OECD 2008 100 100 100 100 100 100 100 100 100 100 GFCF OECD Cur 100 100 100 100 Table 1 8

GDP POLAND 2000 43 44 44 45 46 47 49 51 54 57 2 GDP POLAND 2002 44 44 45 46 47 48 50 52 55 58 3% GDP POLAND 2005 43 43 43 45 46 47 48 51 53 57 GDP POLAND 2008 43 43 43 44 46 46 48 50 53 56 GDP POLAND Cur 43 44 45 45 46 47 48 51 53 57 IH POLAND 2000 41 42 43 43 44 44 45 46 49 51 2 IH POLAND 2002 43 43 44 44 45 45 46 48 51 53 5% IH POLAND 2005 41 41 42 42 43 43 44 46 49 51 IH POLAND 2008 43 43 44 44 45 45 47 48 51 53 IH POLAND Cur 41 42 44 43 44 43 45 48 51 54 GOV POLAND 2000 77 71 67 66 68 69 76 88 98 111 17 GOV POLAND 2002 75 69 65 64 66 67 74 85 95 107 21% GOV POLAND 2005 68 62 59 58 59 61 67 77 86 98 GOV POLAND 2008 63 58 55 55 56 57 63 73 81 92 GOV POLAND Cur 77 65 61 81 GFCF POLAND 2000 34 31 30 30 30 31 34 40 45 51 6 GFCF POLAND 2002 35 32 30 30 31 31 35 40 46 52 15% GFCF POLAND 2005 37 34 32 32 33 33 37 43 48 55 GFCF POLAND 2008 32 29 28 28 28 29 32 37 42 48 GFCF POLAND Cur 34 30 33 42 GDP PORTUGAL 2000 73 73 73 71 69 68 67 68 68 69 6 GDP PORTUGAL 2002 74 74 74 72 70 69 68 68 69 70 8% GDP PORTUGAL 2005 77 77 77 74 73 72 71 71 71 72 GDP PORTUGAL 2008 79 80 79 77 75 74 73 73 73 74 GDP PORTUGAL Cur 73 73 74 73 70 72 73 73 73 76 IH PORTUGAL 2000 73 72 71 69 69 68 68 68 69 70 4 IH PORTUGAL 2002 72 72 71 69 69 68 68 68 69 70 5% IH PORTUGAL 2005 75 75 74 72 72 71 71 71 72 73 IH PORTUGAL 2008 76 75 74 73 72 72 71 71 73 73 IH PORTUGAL Cur 73 72 71 71 70 71 72 72 73 73 GOV PORTUGAL 2000 117 119 116 105 101 95 90 90 92 93 19 GOV PORTUGAL 2002 103 105 102 92 88 84 79 79 80 81 26% GOV PORTUGAL 2005 92 94 92 83 80 76 71 72 73 74 GOV PORTUGAL 2008 107 109 106 97 92 88 83 83 85 86 GOV PORTUGAL Cur 117 102 76 85 GFCF PORTUGAL 2000 87 88 87 79 75 72 68 69 70 72 15 GFCF PORTUGAL 2002 93 94 92 84 80 76 72 73 75 76 22% GFCF PORTUGAL 2005 100 101 99 90 86 82 78 78 80 82 GFCF PORTUGAL 2008 106 108 105 96 92 87 83 83 86 87 GFCF PORTUGAL Cur 87 92 82 86 GDP RUSSIA 2000 28 29 31 32 34 36 38 41 43 41 17 GDP RUSSIA 2002 28 30 31 33 35 36 38 41 43 42 40% GDP RUSSIA 2005 31 33 34 36 38 40 42 45 48 46 GDP RUSSIA 2008 39 41 43 45 48 50 53 57 60 57 GDP RUSSIA Cur 28 29 31 35 36 40 48 51 60 57 IH RUSSIA 2000 21 22 24 26 28 31 35 39 43 41 4 IH RUSSIA 2002 21 22 24 26 28 31 35 39 43 41 9% IH RUSSIA 2005 21 23 24 26 29 32 35 40 44 41 IH RUSSIA 2008 23 24 26 28 31 34 38 42 47 45 IH RUSSIA Cur 21 22 24 26 29 32 36 41 47 50 GOV RUSSIA 2000 57 64 67 76 82 87 99 117 131 126 47 GOV RUSSIA 2002 43 49 51 57 62 66 75 89 99 96 56% GOV RUSSIA 2005 36 41 43 48 52 56 63 75 84 81 GOV RUSSIA 2008 44 50 52 59 64 68 77 92 103 99 GOV RUSSIA Cur 57 51 56 103 GFCF RUSSIA 2000 14 16 17 19 21 22 25 30 34 33 6 GFCF RUSSIA 2002 15 17 18 20 21 23 26 31 35 34 19% GFCF RUSSIA 2005 15 17 18 20 22 24 27 32 36 35 GFCF RUSSIA 2008 17 19 20 23 25 26 30 36 40 39 GFCF RUSSIA Cur 14 18 24 40 GDP SLOVAK REPUBLIC 2000 45 47 48 50 51 53 56 61 65 64 4 GDP SLOVAK REPUBLIC 2002 47 48 50 52 53 55 59 63 67 67 5% GDP SLOVAK REPUBLIC 2005 46 48 49 51 52 55 58 63 66 66 GDP SLOVAK REPUBLIC 2008 48 49 51 53 54 56 60 64 68 68 GDP SLOVAK REPUBLIC Cur 45 48 50 51 52 55 58 63 68 69 IH SLOVAK REPUBLIC 2000 40 42 43 43 44 46 48 50 53 54 5 IH SLOVAK REPUBLIC 2002 42 44 46 46 46 48 50 52 56 57 10% IH SLOVAK REPUBLIC 2005 42 43 45 45 46 48 50 52 56 57 IH SLOVAK REPUBLIC 2008 44 46 48 48 49 51 53 55 59 60 IH SLOVAK REPUBLIC Cur 40 44 46 44 45 48 51 54 59 61 GOV SLOVAK REPUBLIC 2000 119 137 139 134 134 151 158 168 173 158 49 GOV SLOVAK REPUBLIC 2002 94 108 110 105 106 119 125 132 136 125 40% GOV SLOVAK REPUBLIC 2005 87 100 102 98 98 111 116 124 128 117 GOV SLOVAK REPUBLIC 2008 84 98 99 95 96 108 113 120 124 114 GOV SLOVAK REPUBLIC Cur 119 110 111 124 GFCF SLOVAK REPUBLIC 2000 34 39 40 38 38 43 45 49 51 46 13 GFCF SLOVAK REPUBLIC 2002 34 39 39 38 38 43 46 49 51 46 26% GFCF SLOVAK REPUBLIC 2005 38 44 45 43 44 49 52 56 58 53 GFCF SLOVAK REPUBLIC 2008 43 49 50 48 48 54 57 61 64 58 GFCF SLOVAK REPUBLIC Cur 34 39 49 64 Table 1 9

GDP SLOVENIA 2000 72 73 75 76 78 79 82 85 89 84 3 GDP SLOVENIA 2002 72 74 76 77 78 80 83 86 89 85 4% GDP SLOVENIA 2005 72 73 75 76 78 79 82 85 89 84 GDP SLOVENIA 2008 70 71 73 74 75 77 79 83 86 81 GDP SLOVENIA Cur 72 73 76 77 79 79 81 82 86 83 IH SLOVENIA 2000 65 66 66 67 67 68 68 71 73 73 3 IH SLOVENIA 2002 66 66 67 68 68 68 69 72 74 74 4% IH SLOVENIA 2005 64 64 65 66 66 66 67 70 72 72 IH SLOVENIA 2008 63 64 64 65 66 66 66 69 71 72 IH SLOVENIA Cur 65 65 67 67 67 66 76 68 71 72 GOV SLOVENIA 2000 122 125 127 135 137 136 143 157 174 154 45 GOV SLOVENIA 2002 90 92 94 100 101 100 106 116 128 114 35% GOV SLOVENIA 2005 93 95 97 104 105 104 110 120 133 119 GOV SLOVENIA 2008 90 92 94 100 102 101 107 117 129 115 GOV SLOVENIA Cur 122 94 104 129 GFCF SLOVENIA 2000 75 76 78 83 84 84 89 98 110 98 19 GFCF SLOVENIA 2002 76 77 79 84 85 85 90 100 111 99 17% GFCF SLOVENIA 2005 88 89 92 97 99 99 104 115 128 114 GFCF SLOVENIA 2008 79 80 82 87 89 88 93 103 115 102 GFCF SLOVENIA Cur 75 79 99 115 GDP SPAIN 2000 88 89 89 90 89 89 89 88 88 88 9 GDP SPAIN 2002 91 93 93 93 92 92 92 92 91 91 11% GDP SPAIN 2005 91 93 93 94 93 93 93 92 92 92 GDP SPAIN 2008 97 99 99 99 98 98 98 98 97 97 GDP SPAIN Cur 88 90 93 93 92 93 96 97 97 98 IH SPAIN 2000 85 85 85 85 85 85 85 85 84 81 3 IH SPAIN 2002 88 89 89 88 88 89 89 89 87 84 4% IH SPAIN 2005 86 86 86 86 86 86 86 86 85 82 IH SPAIN 2008 87 87 87 87 87 87 88 88 86 83 IH SPAIN Cur 85 87 89 87 86 86 87 87 86 83 GOV SPAIN 2000 107 113 117 120 119 120 121 121 116 111 24 GOV SPAIN 2002 121 128 132 135 134 135 137 137 131 125 21% GOV SPAIN 2005 128 135 140 143 142 143 146 146 140 134 GOV SPAIN 2008 124 131 135 139 138 139 141 142 136 130 GOV SPAIN Cur 107 132 143 136 GFCF SPAIN 2000 92 96 100 103 102 103 106 107 103 99 40 GFCF SPAIN 2002 93 97 101 104 103 105 107 108 104 100 39% GFCF SPAIN 2005 108 113 117 120 120 121 124 125 120 115 GFCF SPAIN 2008 128 135 140 143 143 144 147 148 143 137 GFCF SPAIN Cur 92 101 121 143 GDP SWEDEN 2000 115 115 117 117 119 120 121 122 120 118 9 GDP SWEDEN 2002 111 112 113 114 115 116 117 118 117 114 8% GDP SWEDEN 2005 106 106 108 108 110 111 112 113 111 109 GDP SWEDEN 2008 110 111 112 113 114 115 117 117 116 113 GDP SWEDEN Cur 115 112 113 114 116 111 113 116 116 112 IH SWEDEN 2000 88 87 88 88 88 88 88 90 89 90 3 IH SWEDEN 2002 86 85 86 86 86 86 86 87 87 88 4% IH SWEDEN 2005 85 84 85 85 85 85 85 86 86 87 IH SWEDEN 2008 87 86 87 87 87 87 88 89 89 89 IH SWEDEN Cur 88 85 86 86 87 85 86 88 89 89 GOV SWEDEN 2000 90 91 91 91 92 95 99 104 107 101 10 GOV SWEDEN 2002 97 99 99 98 99 103 107 113 116 110 10% GOV SWEDEN 2005 93 95 95 95 96 99 103 109 112 107 GOV SWEDEN 2008 88 90 90 89 90 93 97 103 106 101 GOV SWEDEN Cur 90 99 99 106 GFCF SWEDEN 2000 94 96 96 96 97 100 105 112 116 110 14 GFCF SWEDEN 2002 91 92 93 93 94 97 102 108 112 107 13% GFCF SWEDEN 2005 83 85 85 85 86 89 93 99 102 97 GFCF SWEDEN 2008 87 89 89 89 90 93 98 104 107 102 GFCF SWEDEN Cur 94 93 89 107 GDP SWITZERLAND 2000 130 129 127 125 124 124 124 125 126 128 11 GDP SWITZERLAND 2002 131 131 129 126 125 125 126 127 128 129 9% GDP SWITZERLAND 2005 126 125 124 121 120 120 120 121 123 124 GDP SWITZERLAND 2008 137 137 135 132 131 131 131 132 134 135 GDP SWITZERLAND Cur 130 128 129 125 123 120 124 129 134 135 IH SWITZERLAND 2000 120 119 116 115 113 112 110 110 110 112 5 IH SWITZERLAND 2002 122 122 119 117 115 114 112 112 113 114 5% IH SWITZERLAND 2005 119 118 116 114 112 111 109 109 110 111 IH SWITZERLAND 2008 124 124 121 119 118 116 115 114 115 117 IH SWITZERLAND Cur 120 119 119 115 113 111 110 111 115 117 GOV SWITZERLAND 2000 116 113 113 109 109 108 107 109 111 119 8 GOV SWITZERLAND 2002 125 122 122 118 117 116 115 117 119 128 8% GOV SWITZERLAND 2005 118 114 115 111 110 109 109 111 113 121 GOV SWITZERLAND 2008 119 116 116 112 112 111 111 113 114 123 GOV SWITZERLAND Cur 116 122 109 114 GFCF SWITZERLAND 2000 152 147 148 143 142 141 142 146 149 161 14 GFCF SWITZERLAND 2002 137 132 133 128 128 127 128 131 134 145 11% GFCF SWITZERLAND 2005 140 135 136 131 131 130 131 134 137 147 GFCF SWITZERLAND 2008 152 147 148 143 143 141 142 145 149 160 GFCF SWITZERLAND Cur 152 133 130 149 Table 1 10

GDP TURKEY 2000 38 35 36 37 39 41 42 43 43 42 4 GDP TURKEY 2002 35 32 33 34 36 38 39 40 40 39 11% GDP TURKEY 2005 35 33 34 35 37 39 40 40 40 39 GDP TURKEY 2008 39 36 37 38 40 42 43 44 44 43 GDP TURKEY Cur 38 34 33 33 36 39 41 42 44 43 IH TURKEY 2000 40 36 37 39 42 44 44 46 45 44 4 IH TURKEY 2002 39 35 36 38 41 43 43 44 44 43 10% IH TURKEY 2005 36 33 33 36 38 40 40 41 41 40 IH TURKEY 2008 38 35 35 38 40 42 43 44 43 43 IH TURKEY Cur 40 36 36 36 39 40 41 42 43 44 GOV TURKEY 2000 54 38 44 49 59 66 71 70 67 61 14 GOV TURKEY 2002 61 43 49 55 67 74 80 79 75 69 22% GOV TURKEY 2005 50 35 40 45 54 60 65 65 61 56 GOV TURKEY 2008 55 39 45 50 61 67 72 72 68 63 GOV TURKEY Cur 54 49 60 68 GFCF TURKEY 2000 29 20 23 26 31 35 38 38 36 33 12 GFCF TURKEY 2002 22 15 18 20 24 27 29 29 28 26 42% GFCF TURKEY 2005 25 18 20 22 27 30 33 33 31 29 GFCF TURKEY 2008 31 22 25 28 34 38 41 41 40 36 GFCF TURKEY Cur 29 18 30 40 GDP UNITED KINGDOM 2000 107 109 109 111 111 110 110 110 109 108 3 GDP UNITED KINGDOM 2002 109 111 112 113 113 112 112 112 111 110 3% GDP UNITED KINGDOM 2005 108 109 110 111 111 111 110 110 110 108 GDP UNITED KINGDOM 2008 106 108 108 110 109 109 109 109 108 107 GDP UNITED KINGDOM Cur 107 110 112 112 113 111 111 108 108 106 IH UNITED KINGDOM 2000 112 113 115 117 117 116 115 115 115 113 6 IH UNITED KINGDOM 2002 112 113 115 117 117 116 115 115 115 113 6% IH UNITED KINGDOM 2005 110 111 113 115 115 114 113 113 113 111 IH UNITED KINGDOM 2008 106 107 109 110 111 110 109 109 109 107 IH UNITED KINGDOM Cur 112 115 115 117 118 114 114 110 109 106 GOV UNITED KINGDOM 2000 88 92 96 96 96 93 95 99 96 92 9 GOV UNITED KINGDOM 2002 90 93 98 97 97 95 96 101 97 93 11% GOV UNITED KINGDOM 2005 82 86 90 89 89 87 89 93 90 86 GOV UNITED KINGDOM 2008 80 84 88 87 88 85 87 91 88 85 GOV UNITED KINGDOM Cur 88 98 87 88 GFCF UNITED KINGDOM 2000 81 84 88 87 88 86 88 93 90 87 5 GFCF UNITED KINGDOM 2002 76 79 83 82 83 81 83 88 85 82 6% GFCF UNITED KINGDOM 2005 79 82 86 85 86 84 86 91 88 85 GFCF UNITED KINGDOM 2008 77 80 84 83 84 82 84 88 86 83 GFCF UNITED KINGDOM Cur 81 83 84 86 GDP UNITED STATES 2000 144 143 143 143 143 144 142 141 140 141 2 GDP UNITED STATES 2002 143 142 142 142 142 143 141 140 139 140 2% GDP UNITED STATES 2005 144 143 143 143 144 144 143 141 140 141 GDP UNITED STATES 2008 141 141 141 141 141 141 140 139 138 139 GDP UNITED STATES Cur 144 143 142 143 143 144 141 140 138 138 IH UNITED STATES 2000 165 165 165 165 166 166 166 165 163 163 1 IH UNITED STATES 2002 164 164 164 164 165 165 165 164 162 162 1% IH UNITED STATES 2005 165 165 165 165 166 166 166 165 163 163 IH UNITED STATES 2008 165 165 165 165 166 166 165 165 163 163 IH UNITED STATES Cur 165 164 164 165 166 166 166 165 163 163 GOV UNITED STATES 2000 108 107 104 105 106 106 103 98 94 90 8 GOV UNITED STATES 2002 106 106 103 103 104 104 101 96 93 89 8% GOV UNITED STATES 2005 114 113 111 111 112 112 109 104 100 96 GOV UNITED STATES 2008 110 110 107 108 109 109 106 101 97 93 GOV UNITED STATES Cur 108 103 112 97 GFCF UNITED STATES 2000 147 146 143 144 145 146 143 137 133 128 13 GFCF UNITED STATES 2002 150 149 146 147 148 149 146 140 136 131 10% GFCF UNITED STATES 2005 144 143 140 140 142 143 140 134 130 124 GFCF UNITED STATES 2008 137 136 133 134 135 136 133 127 123 119 GFCF UNITED STATES Cur 147 146 143 123 Table 1 11