PORTFOLIO COMMITTEE OF FINANCE March 2002. INTERNATIONAL ECONOMY.

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Presentation transcript:

PORTFOLIO COMMITTEE OF FINANCE March 2002

INTERNATIONAL ECONOMY

International oil price

OECD leading indicators

World Economic Outlook: Real GDP Annual percentage change in real GDP Actual Projections World Advanced economies USA Japan Euro area United Kingdom Developing countries Africa Asia Western Hemisphere Countries in transition Source: IMF World Economic Outlook - December 2001

World Economic Outlook: Consumer prices Annual percentage change in consumer prices Actual Projections World Advanced economies USA Japan Euro area United Kingdom Developing countries Africa Asia Western Hemisphere Countries in transition Source: IMF World Economic Outlook - December 2001

USA: Real gross domestic product

USA: Unemployment rate

USA: Consumer prices

Japan: Real gross domestic product

Japan: Unemployment rate

Japan: Consumer prices

Euro Area: Real gross domestic product

Euro Area: Unemployment rate

Euro Area: Consumer prices

UK: Real gross domestic product

UK: Unemployment

UK: Consumer prices

SADC: Inflation Annual percentage change in consumer prices Dec 2001Jan 2002 Africa **** Angola Botswana Lesotho * Malawi Mauritius Mozambique Namibia Seychelles South Africa Swaziland Tanzania Zambia Zimbabwe * Not available ** IMF Projections Source: National central banks and IMF World Economic Outlook (October 2001)

NATIONAL ECONOMY

Real gross domestic product

Real gross domestic product by the secondary sectors

Real gross domestic expenditure

Real final consumption expenditure by households

Real household disposable income

Household debt as percentage of household disposable income

Real final consumption expenditure by general government

Real gross fixed capital formation

Change in inventories

Gross saving as percentage of gross domestic product

Non-agricultural employment

Labour market statistics, based on the labour force survey FebSepFeb (000’s)(000’s)(000’s) aTotal employed Among the employed: Employed in the formal sector STEE survey (excluding agriculture and certain activities not covered in STEE) Employed in agriculture Employed in the formal sector in activities not covered in STEE Employed in the informal sector Employed in domestic service bTotal unemployed (official definition) cTotal economically active = a + b dTotal not economically active eTotal aged years = c + d fOfficial unemployment rate = b * 100 / c26,7%25,8%26,4% SEE - Survey of Employment and Earnings in selected industries STEE - Survey of Total Employment and Earnings

Non-agricultural nominal remuneration per worker

Non-agricultural labour productivity

Non-agricultural nominal unit labour cost

Nominal unit labour cost in manufacturing

All-goods production price

Overall inflation and CPIX

Balance of payments: Current account

Balance on financial account*

Financial account

Gross gold and other foreign reserves

Imports covered by reserves

Net open position in foreign currency*

Average net daily turnover in the South African foreign exchange market

Exchange rates of the rand

Real effective exchange rate of the rand

M3 money supply

Domestic credit extension

Turnover in the secondary bond market

Money-market interest rates

Yield on long-term government bonds

Yield curve

Turnover in the secondary share market

Share prices - all classes

Real-estate market

Revenue of national government

Expenditure by national government

Deficit of national government

Non-financial public-sector borrowing requirement