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PORTFOLIO COMMITTEE OF FINANCE March 2002. INTERNATIONAL ECONOMY.

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Presentation on theme: "PORTFOLIO COMMITTEE OF FINANCE March 2002. INTERNATIONAL ECONOMY."— Presentation transcript:

1 PORTFOLIO COMMITTEE OF FINANCE March 2002

2 INTERNATIONAL ECONOMY

3 International oil price

4 OECD leading indicators

5 World Economic Outlook: Real GDP Annual percentage change in real GDP Actual Projections 200020012002 World4.72.42.4 Advanced economies3.91.10.8 USA4.11.00.7 Japan2.2-0.4-1.0 Euro area3.41.51.2 United Kingdom2.92.31.8 Developing countries5.84.04.4 Africa2.83.53.5 Asia6.85.65.6 Western Hemisphere4.11.01.7 Countries in transition6.34.93.6 Source: IMF World Economic Outlook - December 2001

6 World Economic Outlook: Consumer prices Annual percentage change in consumer prices Actual Projections 200020012002 World4.64.53.4 Advanced economies2.32.31.3 USA3.42.91.6 Japan-0.8-0.7-1.0 Euro area2.42.71.4 United Kingdom2.12.32.4 Developing countries5.96.05.3 Africa13.512.88.3 Asia1.92.83.0 Western Hemisphere8.16.35.2 Countries in transition20.116.011.0 Source: IMF World Economic Outlook - December 2001

7 USA: Real gross domestic product

8 USA: Unemployment rate

9 USA: Consumer prices

10 Japan: Real gross domestic product

11 Japan: Unemployment rate

12 Japan: Consumer prices

13 Euro Area: Real gross domestic product

14 Euro Area: Unemployment rate

15 Euro Area: Consumer prices

16 UK: Real gross domestic product

17 UK: Unemployment

18 UK: Consumer prices

19 SADC: Inflation Annual percentage change in consumer prices 199920002001Dec 2001Jan 2002 Africa11.513.612.8**** Angola329.0268.4168.2116.0121.0 Botswana7.78.76.65.85.7 Lesotho8.66.26.97.0* Malawi44.729.627.522.120.2 Mauritius6.94.25.45.36.0 Mozambique2.112.79.121.922.8 Namibia8.69.39.38.38.7 Seychelles6.36.36.46.05.2 South Africa5.25.35.74.65.0 Swaziland5.97.37.510.811.3 Tanzania7.95.95.24.94.7 Zambia26.825.921.718.719.6 Zimbabwe58.555.774.5112.1116.7 * Not available ** IMF Projections Source: National central banks and IMF World Economic Outlook (October 2001)

20 NATIONAL ECONOMY

21 Real gross domestic product

22 Real gross domestic product by the secondary sectors

23 Real gross domestic expenditure

24 Real final consumption expenditure by households

25 Real household disposable income

26 Household debt as percentage of household disposable income

27 Real final consumption expenditure by general government

28 Real gross fixed capital formation

29 Change in inventories

30 Gross saving as percentage of gross domestic product

31 Non-agricultural employment

32 Labour market statistics, based on the labour force survey FebSepFeb 200020002001 (000’s)(000’s)(000’s) aTotal employed11 88011 71211 837 Among the employed: Employed in the formal sector STEE survey (excluding agriculture and certain activities not covered in STEE)4 7544 6854 676 Employed in agriculture2 2651 6321 352 Employed in the formal sector in activities not covered in STEE1 9242 1572 002 Employed in the informal sector1 8211 9332 665 Employed in domestic service1 001999914 bTotal unemployed (official definition)4 3334 0824 240 cTotal economically active = a + b16 21315 79416 077 dTotal not economically active10 24211 10011 044 eTotal aged 15-65 years = c + d26 45426 89427 121 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

33 Non-agricultural nominal remuneration per worker

34 Non-agricultural labour productivity

35 Non-agricultural nominal unit labour cost

36 Nominal unit labour cost in manufacturing

37 All-goods production price

38 Overall inflation and CPIX

39 Balance of payments: Current account

40 Balance on financial account*

41 Financial account

42 Gross gold and other foreign reserves

43

44 Imports covered by reserves

45 Net open position in foreign currency*

46 Average net daily turnover in the South African foreign exchange market

47 Exchange rates of the rand

48 Real effective exchange rate of the rand

49 M3 money supply

50 Domestic credit extension

51 Turnover in the secondary bond market

52 Money-market interest rates

53 Yield on long-term government bonds

54 Yield curve

55 Turnover in the secondary share market

56 Share prices - all classes

57 Real-estate market

58 Revenue of national government

59 Expenditure by national government

60 Deficit of national government

61 Non-financial public-sector borrowing requirement


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