Catalog

	Table of Contents
p. 33 of 33 BACK | NEXT Foreword, Acronyms and Abbreviations, Definitions I. Developing Asia and the World II. Economic Trends and Prospects in Developing Asia III. Economic Scenarios for Asia Statistical Appendix

Asian Development Outlook 2004 Update

---

Statistical Appendix
Statistical Notes and Tables

The Statistical Appendix presents six selected economic indicators: gross domestic product (GDP) growth (A1), inflation rate (A2), merchandise exports and imports growth (A3 and A4), and current account and fiscal balance as shares of GDP (A5 and A6), for the 42 developing member countries (DMCs) of the Asian Development Bank. The DMCs are grouped into five subregions: East Asia, Southeast Asia, South Asia, Central Asia, and the Pacific. These six tables are a subset of the accounts included in the Statistical Appendix of Asian Development Outlook 2004 (ADO 2004).

These tables contain historical data from 2001 to 2003 and forecasts for 2004 and 2005. Update forecasts are compared with forecasts provided in ADO 2004. For economies where Update forecasts are unavailable, projections from ADO 2004 are used. Historical data are obtained from official sources, statistical publications, secondary publications, other working papers, and internal documents of the Asian Development Bank (ADB), International Monetary Fund (IMF), and World Bank. Projections for 2004 and 2005 are staff estimates. Data in the tables are reported on either a calendar year or fiscal year basis. The DMCs that record most of their accounts on a calendar year basis (except for government finance data, which are reported on a fiscal year basis), are: Hong Kong, China; Lao People’s Democratic Republic (Lao PDR), Samoa; Taipei,China; Thailand; and Democratic Republic of Timor-Leste (Timor-Leste). Palau reports government finance and balance of payments data on a fiscal year basis. Some countries record the majority of their accounts on a fiscal year basis (see figure), with some of their accounts recorded on a calendar year basis, i.e., GDP data for Bhutan, and GDP and balance-of-payments data for Cook Islands and Kiribati. Regional and subregional averages for DMCs are provided in all tables, except for fiscal balance as a share of GDP. Data for Afghanistan, Myanmar, and Nauru are excluded in the computation of subregional averages due to measurement problems.

For growth rate of GDP (A1), inflation (A2), and current account balance as a share of GDP (A5), levels of gross national income (GNI) in current US$ using the World Bank Atlas method are used as weights to calculate the subregional and regional averages. These are the same weights as used in the computation of subregional and regional averages in ADO 2004. Tables on growth rates of merchandise exports and imports (A3 and A4) do not incorporate weights in the computation of averages; regional and subregional averages in these two tables are computed on the basis of a consistent sum, which means that if there are missing country data for a given year, the sum of the prior year used for computing the growth rate excludes the corresponding country data.

The GNI data, in current US$, for DMCs from 2001 to 2002 were obtained from the World Bank Group WDI Data Query (http://devdata.worldbank.org/data-query/). The same weights used in ADO 2004 are applied in the computation of regional and subregional averages. Data for 2002, as the most recent data available, are used as weights for 2003, 2004, and 2005. The GNI data, in current US$, for three of the DMCs are unavailable, namely Cook Islands; Taipei,China; and Tuvalu. For these economies, weights were estimated using GDP at current prices.

The following paragraphs look at the tables in greater detail.

Table A1 Growth Rate of GDP (% per year)
Item	2001	2002	2003		2004		2005
					ADO 2004	Update	ADO 2004	Update
East Asia	4.6	6.7	6.5		6.9	7.3	6.8	6.4
China, People's Rep. of	7.3	8.0	9.1		8.3	8.8	8.2	8.0
Hong Kong, China	0.5	1.9	3.2		6.0	7.5	5.0	6.0
Korea, Rep. of	3.8	7.0	3.1		4.8	4.4	5.2	3.6
Mongolia	1.1	4.0	5.5		5.8	6.0	6.0	6.0
Taipei,China	-2.2	3.6	3.3		5.4	6.0	4.7	4.8
Southeast Asia	1.9	4.4	4.8		5.7	6.2	5.4	5.7
Cambodia	5.7	5.5	5.2		5.4	4.5	5.4	2.3
Indonesia	3.8	4.3	4.5		4.5	4.8	4.5	5.2
Lao People's Dem. Rep.	5.8	5.9	5.8		6.0	6.5	6.2	7.0
Malaysia	0.3	4.4	5.3		5.8	6.8	5.6	6.0
Myanmar	11.3	10.0	10.6		-	-	-	-
Philippines	1.8	4.3	4.7		5.0	5.5	5.0	5.5
Singapore	-1.9	2.2	1.1		5.6	8.1	4.8	4.2
Thailand	2.1	5.4	6.8		7.2	6.4	6.2	6.6
Viet Nam	5.8	6.4	7.1		7.5	7.5	7.6	7.6
South Asia	5.1	3.9	7.6		7.0	6.4	7.2	5.9
Afghanistan	-	29.0	23.0		-	-	-	-
Bangladesh	5.3	4.4	5.3		5.7	5.5	6.0	4.8
Bhutan	7.1	6.7	6.5		7.0	7.0	8.0	8.0
India	5.8	4.0	8.2		7.4	6.5	7.6	6.0
Maldives	3.5	6.5	8.5		5.5	5.4	5.0	5.0
Nepal	4.6	-0.4	2.7		4.0	3.6	5.0	3.7
Pakistan	1.8	3.1	5.1		5.5	6.4	5.8	6.5
Sri Lanka	-1.5	4.0	5.9		5.0	5.0	5.5	5.5
Central Asia	10.8	8.1	8.4		8.1	7.9	8.4	8.0
Azerbaijan	9.9	10.6	11.2		9.0	10.0	12.5	12.5
Kazakhstan	13.5	9.8	9.2		9.5	9.5	9.5	9.0
Kyrgyz Republic	5.3	0.0	6.7		4.1	4.5	4.5	4.6
Tajikistan	10.2	9.1	10.2		8.0	8.5	5.0	7.5
Turkmenistan	20.5	8.6	10.0		10.0	10.0	10.0	10.0
Uzbekistan	4.2	4.0	4.4		4.5	3.0	4.0	3.0
The Pacific	1.0	1.2	4.3		2.9	2.9	2.4	2.4
Cook Islands	4.9	3.9	3.1		2.7	2.7	2.9	2.9
Fiji Islands	3.0	4.1	10.1		3.9	4.1	3.0	3.2
Kiribati	1.8	0.9	3.3		1.8	1.8	1.5	1.5
Marshall Islands, Rep. of	-1.5	4.0	3.0		2.0	2.0	3.0	3.0
Micronesia, Fed. States of	0.5	0.9	0.1		-1.5	-1.5	2.2	2.2
Nauru	-	-	-		-	-	-	-
Palau	3.8	-4.7	-0.1		-	-	-	-
Papua New Guinea	-2.3	-0.8	2.0		2.8	2.8	1.7	1.7
Samoa	7.1	1.5	3.5		4.0	4.0	3.5	3.5
Solomon Islands	0.0	6.6	11.8		4.5	4.2	4.5	4.4
Timor-Leste, Dem. Rep. of	15.0	2.0	-2.0		1.0	1.0	3.0	2.0
Tonga	1.8	2.1	2.9		2.6	1.6	2.8	2.8
Tuvalu	5.9	1.3	7.0		3.0	3.0	-	-
Vanuatu	-2.1	-2.8	1.6		2.1	2.1	2.6	2.6
Average	4.3	5.8	6.5		6.8	7.0	6.7	6.2
- = data not available.

Table A1: Growth Rate of GDP (% per year). This shows annual growth rates of GDP valued at constant market prices, factor costs, or basic prices. GDP at market prices is the aggregation of the value added of all resident producers at producers’ prices including taxes less subsidies on imports plus all nondeductible value-added or similar taxes. Factor cost measures differ from market price measures in that they exclude taxes on production and include subsidies. Basic price valuation is the factor cost plus some taxes on production, such as property and payroll taxes, and less some subsidies, such as labor-related subsidies but not product-related subsidies. Most DMCs use constant market price valuation. South Asian countries predominantly use constant factor costs, including Bhutan, India, Nepal, Pakistan, and Sri Lanka, while Maldives’ GDP valuation is at basic prices. Among the Pacific countries, Fiji Islands, Solomon Islands, and Tuvalu employ constant factor cost valuation. For Hong Kong, China, the computations of real GDP and sector growth rates are based on volume indexes, while GDP sector growth rates for Solomon Islands are based on GDP production indexes.

Table A2 Inflation (% per year)
Item	2001	2002	2003		2004		2005
					ADO 2004	Update	ADO 2004	Update
East Asia	1.2	-0.1	1.2		2.6	3.0	2.4	3.8
China, People's Rep. of	0.7	-0.8	1.2		3.0	3.4	2.7	4.9
Hong Kong, China	-1.6	-3.0	-2.5		1.1	0.7	1.1	1.1
Korea, Rep. of	4.1	2.7	3.6		3.1	3.8	2.8	3.0
Mongolia	8.0	1.6	4.7		4.5	4.5	4.0	4.7
Taipei,China	0.0	-0.2	-0.3		0.8	1.5	1.2	2.0
Southeast Asia	4.6	4.2	3.1		3.6	4.2	3.8	4.2
Cambodia	0.3	3.3	1.1		2.9	2.3	3.3	3.0
Indonesia	11.5	11.9	6.6		6.5	6.5	6.5	7.0
Lao People's Dem. Rep.	7.8	10.7	15.5		12.0	12.4	10.0	10.0
Malaysia	1.4	1.8	1.1		1.5	1.5	1.7	2.2
Myanmar	21.2	57.0	-		-	-	-	-
Philippines	6.1	3.1	3.1		4.5	5.2	4.5	5.5
Singapore	1.0	-0.4	0.5		1.2	1.8	1.7	1.6
Thailand	1.6	0.7	1.8		2.4	2.8	2.6	2.6
Viet Nam	-0.4	3.8	4.0		4.5	9.0	4.5	6.0
South Asia	3.7	3.5	5.1		4.9	5.5	4.6	6.5
Afghanistan	-	52.3	10.5		-	-	-	-
Bangladesh	1.9	2.8	4.4		4.7	5.8	4.2	6.0
Bhutan	3.6	2.7	1.8		-	1.2	-	-
India	3.6	3.4	5.5		5.0	5.7	4.7	6.8
Maldives	0.7	0.9	-2.9		0.3	0.3	2.3	2.3
Nepal	2.4	2.9	4.8		4.5	4.0	5.0	5.5
Pakistan	4.4	3.5	3.1		4.0	4.6	4.0	5.5
Sri Lanka	12.1	10.2	2.6		-	4.0	-	4.0
Central Asia	14.3	9.7	5.4		8.6	6.9	8.3	6.4
Azerbaijan	1.5	2.8	2.2		4.0	5.0	3.0	3.0
Kazakhstan	8.4	5.9	6.6		5.4	6.5	5.0	6.0
Kyrgyz Republic	6.9	2.0	3.0		3.8	4.9	3.8	4.6
Tajikistan	38.6	12.2	16.4		8.5	7.3	5.0	5.6
Turkmenistan	11.6	8.8	5.5		5.0	5.0	5.0	5.0
Uzbekistan	27.4	21.6	3.8		20.0	10.0	20.0	10.0
The Pacific	6.2	7.0	8.5		5.6	5.1	6.0	4.4
Cook Islands	9.5	3.9	2.4		1.9	1.9	2.4	2.4
Fiji Islands	4.3	0.8	4.1		3.0	3.0	3.0	3.0
Kiribati	6.0	3.2	1.8		-	-	-	-
Marshall Islands, Rep. of	-1.8	0.4	1.2		2.5	1.5	2.5	1.5
Micronesia, Fed. States of	1.3	-0.2	-0.2		0.5	0.5	1.2	1.2
Nauru	-	-	-		-	-	-	-
Palau	-0.6	0.1	1.3		-	-	-	-
Papua New Guinea	9.3	11.8	14.7		8.7	7.4	9.6	6.0
Samoa	3.8	8.1	0.1		3.0	3.0	3.0	3.0
Solomon Islands	7.7	9.4	10.0		6.0	5.6	6.5	2.5
Timor-Leste, Dem. Rep. of	0.0	9.5	4.2		3.0	3.0	3.0	3.0
Tonga	8.4	10.3	11.7		4.5	11.0	4.5	11.0
Tuvalu	1.5	5.0	2.9		2.5	2.5	-	-
Vanuatu	3.7	2.0	3.0		2.6	2.6	2.5	2.5
Average	2.4	1.4	2.3		3.3	3.7	3.1	4.4
- = data not available.

Table A2: Inflation (% per year). Except for India, which reports the wholesale price index; Kiribati and Solomon Islands, which use the retail price index; and the Federated States of Micronesia (FSM), which uses the implicit GDP deflator, annual inflation rates presented are based on consumer price indexes. For most DMCs, the reported inflation rates represent period averages except for Bhutan, Cook Islands, Timor-Leste, and Viet Nam, which use end-of-period data. The data for Singapore are on a calendar year basis, yet the base year used for the computation of inflation rates is November 1997-October 1998. For Sri Lanka, inflation is calculated using the new Sri Lanka consumer price index, which measures all-island price movements and uses an updated basket of goods with 1995-1997 as the base period. The consumer price indexes of the following countries are for a given city or group of consumers only: Cambodia is for Phnom Penh, Kiribati is for Tarawa, Palau is for Koror State, Republic of Marshall Islands is for Majuro, Solomon Islands is for Honiara, and Nepal is for urban consumers.

Table A3 Growth Rate of Merchandise Exports (% per year)
Item	2001	2002	2003		2004		2005
					ADO 2004	Update	ADO 2004	Update
East Asia	-5.8	12.1	22.6		13.4	20.0	13.2	12.6
China, People's Rep. of	6.8	22.4	34.6		15.0	22.0	15.0	16.0
Hong Kong, China	-5.8	4.9	12.5		6.8	7.0	7.3	7.0
Korea, Rep. of	-14.0	7.9	20.9		21.0	33.0	19.0	13.0
Mongolia	-2.3	0.2	11.1		15.0	15.0	14.0	14.0
Taipei,China	-17.3	6.4	10.5		8.0	16.2	7.4	9.2
Southeast Asia	-10.5	4.7	12.7		10.2	13.9	8.3	7.8
Cambodia	12.1	11.4	16.9		17.0	20.3	12.0	-7.6
Indonesia	-12.3	3.1	6.9		3.5	3.5	3.5	3.5
Lao People's Dem. Rep.	-3.3	-5.9	19.5		20.4	22.5	4.5	4.5
Malaysia	-10.6	6.1	12.4		8.6	14.6	7.5	9.4
Myanmar	56.4	-5.2	-		-	-	-	-
Philippines	-16.2	10.0	1.4		8.0	10.0	8.0	10.0
Singapore	-10.5	2.7	15.0		12.2	15.0	7.5	7.5
Thailand	-7.1	4.8	18.6		14.0	20.0	13.7	8.0
Viet Nam	6.5	7.4	16.5		12.0	16.3	12.0	12.0
South Asia	1.2	10.7	18.0		14.9	19.1	15.6