ECONOMIC & ENERGY INDICATORS

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP88-00798R000900030001-1
• Release Decision: RIFPUB
• Original Classification: U
• Document Page Count: 15
• Document Creation Date: December 22, 2016
• Document Release Date: September 29, 2011
• Sequence Number: 1
• Publication Date: November 20, 1987
• Content Type: REPORT

Approved For Release 2011/09/29 :CIA-RDP88-007988000900030001-1
Directorate of
Intelligence
Economic & Energy
Indicators
D/ EEI 87-024
20 November 1987
Approved For Release 2011/09/29 :CIA-RDP88-007988000900030001-1
 Approved For Release 2011/09/29 :CIA-RDP88-007988000900030001-1
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 Approved For Release 2011/09/29 :CIA-RDP88-007988000900030001-1
Economic & Energy
Indicators
Money Supply
Unemployment Rate
Foreign Trade
Current Account Balance
Export Prices in US $
Import Prices in US $
Exchange Rate Trends
Money Market Rates
Agricultural Prices
Industrial Materials Prices
Energy World Crude Oil Production, Excluding Natural Gas Liquids
Big Seven: Inland Oil Consumption
Big Seven: Crude Oil Imports
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jI1dUSt[181 Pl'OdUCtIOII
Percent change from previous period
seasonalh~ adjusted at an annual rate
1981 1
982 1
983
1984 1
985
1986 1
987
1
st Qtr 2d Qtr Aug Sep
United States
2.6
-7.2
5.9
11.2
2.0
1.0
3.2 4.3 3.7 -0.9
Japan
1.0
0.4
3.5
11.1
4.6
-0.4
5.6 -0.8 -12.5 34.1
West Germany
-2.3
-3.2
0.3
3.3
3.9
2.2
-2.8 -0.5 41.5
France
-2.6
-1.5
1.1
1.7
0.8
0.6
-1.3 8.1 0
United Kingdom
-3.9
2.1
3.9
1.3
4.7
2.0
4.0 2.9 8.7 -11.8
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Money Supply, M-l e
Percent change from previous period
seasonally adjusted at an annual rate
United States b
7.1
6.6
11.2
7.0
9.2
13.4
Japan
3.7
.7.1
3.7
2.8
5.0
6.9
West Germany
1.1
3.6
10.2
3.2
4.5
9.9
France
12.2
13.9
10.4
9.0
7.6
United Kingdom
NA
xn
13.0
Italy
11.2
11.6
15.1
12.3
13.7
10.2
Canada
3.8
0.7
10.1
3.4
4.2
4.9
e Based on amounts in national currency units.
b Including M1-A and M1-B.
Unemployment Rate e
1981
1982
1983
1984
1985
198E
United States
7.5
9.6
9.4
7.4
7.1
6.9
Japan
2.2
2.4
2.7
2.7
2.6
2.8
West Germany
5.6
7.7
9.2
9.1
9.3
8.9
France
7.6
8.4
8.6
9.8
10.2
10.4
United Kingdom
10.0
11.6
10.7
11.1
11.3
11.5
Italy
8.4
9.1
9.9
10.1
10.3
11.1
Canada
7.5
I1.1
11.9
11.3
10.5
9.6
1st Qtr
2d Qtr
Aug
Sep
13.8
6.5
5.6
0.3
12.3
14.0
-4.0
15.3
6.0
13.3
29.7
-4.8
9.6
-0.1
-8.1
20.6
29.7
22.8
25.6
3.9
-13.4
13.2
26.9
-12.8
18.6
Percen
t seasonall
y adjusted
1987
1st Qtr
2d Qtr
Sep
Oct
6.6
6.1
5.8
5.9
2.9
3.0
2.8
8.8
8.8
8.4
8.3
10.9
10.9
11.0
I1.0
11.1
10.7
10.0
9.8
11.9
11.7
9.6
9.1
8.6
8.4
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Foreign Trade a Billion us S, J:o.b.
1981
1982
1983
1984
1985
1986
1987
1st Qtr
2d Qtr
Jul
United States n
Exports
233.5
212.3
200.6
218.8
212.7
216.7
57.1
60.7
21.8
Imports
261.0
244.0
258.4
326.0
345.8
366.3
93.2
97.8
35.4
Balance
-27.5
-31.6
-57.9
-107.3
-133.0
-149.6
-36.1
-37.0
-13.7
Japan
Exports
149.6
138.2
145.5
168.0
173.8
205.3
54.7
54.5
18.5
Imports
129.5
119.6
114.0
124.1
118.0
112.8
27.1
31.1
10.8
Balance
20.1
18.6
31.4
43.9
55.8
92.5
27.6
23.5
7.7
West Germany
Exports
175.4
176.4
169.5
171.9
184.2
243.6
68.9
72.0
24.1
Imports ~
163.4
155.3
152.9
153.1
158.9
191.1
52.9
56.5
18.9
Balance
11.9
21.1
16.6
18.8
25.3
52.6
16.1
15.5
5.2
France
Exports
106.3
96.4
95.1
97.5
101.9
125.0
34.6
35.6
12.2
Imports
115.6
110.5
101.0
100.3
104.5
124.9
35.6
37.7
12.7
Balance
-9.3
-14.0
-5.9
-2.8
-2.6
0.1
-1.0
-2.2
-0.5
United Kingdom
Exports
102.5
97.1
92.0
93.7
101.0
106.8
30.3
31.8
10.9
Imports
94.6
93.1
93.3
99.4
103.6
119.2
32.0
35.6
12.4
Balance
7.9
4.0
-1.3
-5.7
-2.6
-12.4
-1.7
-3.9
-1.5
Italy
Exports
75.4
73.9
72.8
73.4
78.8
97.9
27.1
28.3
10.4
Imports
91.2
86.7
80.7
84.4
90.9
99.9
28.8
31.3
11.6
Balance
-15.9
-12.8
-7.9
-11.0
-12.1
-2.0
-1.7
-3.0
-1.2
Canada
Exports
70.5
68.5
73.6
86.5
87.6
86.9
23.1
22.6
7.6
Imports
64.4
54.1
59.3
70.6
75.2
79.4
20.8
20.6
7.2
Balance
6.1
14.4
14.3
15.9
12.4
7.5
2.3
2.1
0.4
e Seasonally adjusted.
b Imports are customs values.
Imports are c.i.f.
Current Account Balance a
Bi![lon US S
1981
1982
1983
1984
1985
1986
1987
ist Qtr
2d Qtr
3d Qtr
Sep
United States
6.3
-8.1
-46.6
-107.0
-116.4
-141.4
-36.8
-41.1
Japan
4.8
6.9
20.8
35.0
49.2
85.8
21.0
22.8
20.9
8.4
West Germany
-6.8
3.3
4.3
8.1
15.8
37.7
10.9
10.7
7.4
3.6
France
-4.7
-12.1
-4.9
-0.8
0.1
3.9
0.1
-0.7
United Kingdom
15.3
8.5
4.7
1.8
4.5
-1.5
1.0
-0.3
-2.1
-0.l
a Seasonally adjusted; converted to US dollars at current market
rates of exchange.
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Percent changeJrom previous period
at an annual rate
1st Qtr
2d Qtr Aug Sep
United States
9.2
1.5
1.0
1.4
-0.6
0.4
-3.6
3.5 13.5
Japan
5.5
-6.4
-2.4
0.2
-0.6
20.7
17.4
17.2 13.6 -34.0
West Germany
-14.9
-2.8
-3.2
-7.1
0
32.0
36.8
8.0 2.8 -0.4
France
-12.0
-5.5
-4.8
-2.9
2.5
United Kingdom
NA
NA
-6.2
-5.1
2.3
7.9
45.2
29.6 17.4 0
Italy
-7.8
-3.0
-4.4
-5.1
-0.3
21.9
22.2
13.2 -11.2
Canada
3.9
-2.0
0.2
-0.4
-5.6
-5.2
11.9
5.2 -4.8 33.6
TIIlpO[t P[ICeS lIl US
$
Percent changelrom previous period
at an annual rate
1981
1.982
1983
1984
1985 1
986
1987
?
1st Qtr
2d Qtr Aug Sep
United States
5.3
-2.0
-3.7
1.7
-2.4
-3.3
8.0
16.2
12.8 .
Japan
3.6
-7.4
-5.0
-2.8
-4.3
-13.4
39.8
23.2
28.1
-30.3
West Germany
-8.6
-4.7
-5.2
-4.8
-1.5
9.3
34.1
12.8
7.2
-22.0
France
-7.8
-7.2
-7.0
-3.8
-0.4
United Kingdom
NA
NA
-S.7
-4.5
0.5
5.1
46.4
16.7
12.2
-3.5
Italy
1.0
-5.3
-6.6
-3.7
-1.0
4.9
33.1
17.7
11.8
Canada
8.7
-1.1
0.6
1.0
-6.2
-2.3
10.0
5.8
-12.8
-8.8
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Exchange Rate Trends
Percent change from previous period
at an annual rate
Trade-Weighted
United States
10.5
10.6
5.8
9.1
6.3
-13.3 -19.7
-9.7
Japan
9.3
-5.7
10.4
6.2
6.8
32.7 4.9
22.6
West Germany
-2.1
7.0
5.8
1.0
1.7
8.8 8.8
-1.4
France
-5.1
-6.1
-4.7
-2.1
2.7
3.7 1.5
-1.7
United Kingdom
2.5
-2.1
-5.0
-2.5
2.0
-6.6 5.9
19.4
Italy
-9.2
-5.1
-1.6
-3.1
-3.8
2.7 -2.1
-73
Canada
0.3
0.2
2.3
-23
-3.6
-6.9 8.0
-2.1
Dollar Cost of Foreign Currency
Japan
2.7
-12.9
4.6
0
-03
29.3 16.6
24.9
-12.5
27.9
1.2
West Germany
-24.6
-7.2
-5.2
-I1.5
-3.3
26.2 29.0
7.1
-7.4
23.7
9.1
France
-28.7
-20.8
-15.9
-14.7
-2.7
22.8 24.1
6.6
-73
23.8
8.1
United Kingdom
-13.2
-13.4
-13.3
-11.9
-3.0
13.2 35.1
27.7
-5.0
38.0
15.2
Italy
-32.8
-18.8
-12.3
-15.6
-8.6
21.8 21.5
2.1
-9.9
25.0
8.5
Canada
-2.5
-2.9
0.1
-5.1
-5.4
-1.7 12.4
1.3
3.7
8.1
5.6
Money Market Rates
Percent
1981
1982
1983
1984
1
985 1986
1987
1st Qtr
2d Qtr
3d Qtr
Sep
United States
90-day certificates of
deposit, secondary market
16.24
12.49
9.23
10.56
8.16 6.62
6.17
6.92
7.05
7.41
Japan
loans and discounts
(2 months)
7.79
7.23
xn
6.66
6.52 5.91
5.38
5.09
NA
NA
West Germany
interbank loans
(3 months)
12.19
8.82
5.78
5.96
5.40 4.57
4.11
3.78
3.96
4.00
France
interbank money market
(3 months)
15.47
14.68
12.51
11.74
9.97 7.82
8.23
8.14
7.89
7.88
United Kingdom
sterling interbank loans
(3 months)
13.85
12.24
10.12
9.91
1
2.21 10.91
10.56
9.12
9.89
10.22
Italy
Milan interbank loans
(3 months)
20.13
20.15
18.16
15.91
1
4.95 12.85
11.23
10.54
11.86
12.22
Canada
finance paper (3 months)
18.46
14.48
9.53
1130
9.71 9.30
7.58
8.16
NA
NA
Eurodollars
3-month deposits
16.87
13.25
9.69
10.86
8.40 6.83
639
7.16
7.20
7.55
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Bananas 214.0 217.0 232.0 243.0 110.3 108.9 116.3 123.7 NA NA
Fresh imported,
(Total world, $ per metric ton)
Australia
(Boneless beef,
f.o.b. US Potts)
112.4
107.4
111.1
101.0
96.6
95.2
103.4
107.6
110.0
115.1
United States
(Wholesale steer beef,
midwest markets)
100.0
101.4
97.6
100.9
90.7
88.'7
90.4
104.1
96.2
96.2
Cocoa (? per pound)
89.8
74.3
92.1
106.2
98.7
89.3
86.0
88.9
89.6
87.1
Coffee ($ per pound)
1.28
1.40
1.32
1.44
1.43
1.71
1.12
1.05
NA
1.05
Corn
(US # 3 yellow,
c.i.f. Rotterdam, $ per metric ton)
150
123
148
150
125
101
82
93
89
90
Cotton
(World Cotton Prices, "A"
index, c.i.f. Northern Europe US ?/lb.)
75.96
62.87
72.86
75.03
54.72
43.76
64.87
72.84
84.48
83.61
Palm 0i1
(United Kingdom 5% bulk,
c.i.f., $ per metric ton)
571
445
502
730
501
257
330
341
315
336
Rice ($ per metric ton)
US (No. 2, milled,
4% c.i.f. Rotterdam)
632
481
514
514
484
348
224
256
268
265
Thai SWR
(100% grade B
c.i.f. Rotterdam)
573
362
339
310
249
229
233
242
258
287
Soybeans
(US # 2 yellow,
c.i.f. Rotterdam, $ per metric ton)
288
244
282
283
225
208
200
221
214
214
Soybean Oil
(Dutch, f.o.b. ex-mill,
$ per metric ton)
507
447
527
727
571
342
309
345
324
331
Soybean Meal
(US, c.i.f. Rotterdam
$ per metric ton)
252
219
238
197
157
185
182
200
199
207
Sugar
(World raw cane, f.o.b.
Caribbean Ports, spot prices ? per pound)
16.93
8.42
8.49
5.18
4.04
6.05
7.10
6.58
5.80
5.79
Tea
Average Auction (London)
(? per pound)
91.0
89.9
105.2
156.6 .
90.0
87.5
85.5
64.7
71.5
72.7
Wheat
(US #2. DNS
c.i.f. Rotterdam, $ per metric ton)
a The food index is compiled by The Economist for 14 food commodities which enter international trade. Commodities are weighted by 3-
year moving averages of imports into industrialized countries.
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a Approximates world market price frequently used by major world
producers and traders, although only small quantities of these
metals are actually traded on the LME. As of February 1986 tin
prices from the Kuala Lumpur market.
n S-type styrene, US export price.
Quoted on New York market.
d Average of No. 1 heavy melting steel scrap and No. 2 bundles
delivered to consumers at Pittsburgh, Philadelphia, and Chicago.
This index is compiled by using the average of 10 types of lumber
whose prices are regarded as bellwethers of US lumber construction
costs.
rThe industrial materials index is compiled by The Economist for
18 raw materials which enter international trade. Commodities are
weighted by 3-year moving averages of imports into industrialized
countries.
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World Crude Oil Production
Excluding Natural Gas Liquids
World
55,837
53,092
52,625
53,674
52,931
55,703
53,535
53,924
53,863
54,010
Non-Communist countries
41,602
38,810
38,228
39,257
38,692
40,901
38,640
39,029
38,968
39,115
Developed countries
12,886
13,276
13,864
14,302
14,730
14,510
14,376
14,110
14,141
13,856
United States
8,572
8,658
8,680
8,735
8,933
8,668
8,386
8,406
8,444
8,359
Canada
1,285
1,270
1,356
1,411
1,457
1,466
1,464
1,450
1,450
1,450
United Kingdom
1,811
2,094
2,299
2,535
2,533
2,508
2,478
2,271
2,300
2,100
Norway
501
518
614
700
785
841
965
931
900
900
Other
717
736
915
921
1,022
1,027
1,083
1,052
1,047
1,047
Non-OPEC LDCs
6,036
6,633
6,823
7,515
7,845
7,854
7,981
8,082
8,097
8,064
Mexico
2,321
2,746
2,666
2,746
2,733
2,431
2,524
2,540
2,555
2,536
Egypt
598
665
689
827
874.
813
878
913
914
900
Other
3,117
3,222
3,468
3,942
4,238
4,610
4,579
4,628
4,628
4,628
OPEC
22,680
18,901
17,541
17,440
16,11.7
18,537
16,283
16,837
16,730
17,195
Algeria
803
701
699
638
645
671
600
600
600
600
Ecuador
211
211
236
253
280
289
189
27
40
40
Gabon
151
154
157
152
153
180
150
150
150
150
Indonesia
1,604
1,324
1,385
1,466
1,235
1,264
1,145
1,173
1,180
1,180
Iran
1,381
2,282
2,492
2,187
2,258
1,929
2,534
2,500
2,500
2,500
Iraq
993
972
922
1,203
1,437
1,746
1,631
2,000
2,000
2,000
Kuwait b
947
663
881
912
862
1,344
967
950
950
950
Libya
1,137
1,183
1,076
1,073
1,069
1,137
916
935
930
950
Neutral Zone ~
370
317
390
410
355
332
413
336
300
360
Nigeria
1,445
1,298
1,241
1,393
1,464
1,461
1,205
1,236
1,285
1,300
Qatar
405
328
295
399
302
342
245
260
280
350
Saudi Arabia b
9,625
6,327
4,867
4,444
3,290
4,935
3,652
3,932
3,800
4,000
UAE
1,500
1,248
1,119
1,097
1,146
1,331
1,115
1,188
1,165
1,265
Venezuela
2,108
1,893
1,781
1,813
1,621
1,576
1,521
1,550
1,550
1,550
Communist countries
14,235
14,282
14,397
14,417
14,239
14,802
14,895
14,895
14,895
14,895
USSR
11,800
11,830
11,864
11,728
11,350
11,754
11,860
11,860
11,860
11,860
China
2,024
2,042
2,121
2,280
2,496
2,613
2,613
2,613
2,613
2,613
Other
411
410
412
409
393
435
422
422
422
422
a Preliminary.
n Excluding Neutral Zone production, which is shown separately.
Production is shared equally between Saudi Arabia and Kuwait.
~ Approved For Release 2011/09/29 :CIA-RDP88-007988000900030001-1
 Approved For Release 2011/09/29 :CIA-RDP88-007988000900030001-1
Big Seven: Inland Oil Consumption Thousand 6/d
United States a
16,058
15,296
15,231
15,726
15,726
16,281
Japan
4,444
4,204
4,193
4,349
4,123
4,205
West Germany
2,120
2,024
2,009
2,012
2,060
2,187
France
1,744
1,632
1,594
1,531
1,498
1,539
United Kingdom
1,325
1,345
1,290
1,624
1,402
1,385
Italy b
1,705
1,618
1,594
1,513
1,507
1,536
Canada
1,617
1,454
1,354
1,348
1,342
1,343
Jan
Feb
Mar
Apr
May
Jun
Jul
16, 382
16,721
15,965
16,501
15,978
16,815
16,713
4,689
4,923
4,619
3,909
3,557
3,831
1,953
2,108
2,198
2,063
2,053
2,176
1,747
1,736
1,673
1,479
1,252
1,485
1,478
1,364
1,396
1,363
1,312
1,202
1,290
1,348
1,694
1,847
1,773
1,579
1,415
1,522
1,643
1,229
1,434
1,312
1,298
1,310
a Including bunkers, refinery fuel, and losses.
b Principal products only prior to 1981.
Big Seven: Crude Oil Imports
United States
4,406
3,488
3,329
3,426
3,201
4,178
4,385
3,896
3,742
4,115
4,243
4,788
5,259
Japan
3,919
3,657
3,567
3,664
3,377
3,254
3,782
3,742
3,256
3,408
2,531
2,673
West Germany
1,591
1,451
1,307
1,335
1,284
1,331
1,307
1,339
1,115
1,309
1,288
1,216
France
1,804
1,596
1,429
1,395
1,476
1,385
1,750
1,461
1,077
1,139
1,189
1,239
1,337
United Kingdom
736
565
456
482
523
665
672
614
443
849
467
697
570
Italy
1,816
1,710
1,532
1,507
1,462
1,641
1,503
1,503
1,503
Canada
521
334
247
244
283
355
441
377
364
295
281
OPEC Average e
34.50
33.63
29.31
28.70
28.14
23.49
18.00
17.86
17.87
17.87
(Official Sales Price)
World Average Price
NA
NA
NA
NA
27.16
15.35
17.22
17.62
18.39
18.17
a F.o.b. prices set by the government for direct sales and, in most cases, for the producing company buy-back oil. Weighted by the volume
of production.
Approved For Release 2011/09/29 :CIA-RDP88-007988000900030001-1
 Approved For Release 2011/09/29 :CIA-RDP88-007988000900030001-1
Approved For Release 2011/09/29 :CIA-RDP88-007988000900030001-1
 Approved For Release 2011/09/29 :CIA-RDP88-007988000900030001-1
Average Crude Oil Sales Prices
11.29 11.02 11.77 1,2 88 12.93
3.39 ~ ~s ;-
34.50 33.63
30.87 29.312870
''~'. , ... 27.16
a The 1973 price is derived from posted prices; 1974-84 prices are derived
from OPEC official sales prices; and, beginning in 1985, prices are a
measure of average world sales prices.
Approved For Release 2011/09/29 :CIA-RDP88-007988000900030001-1