Approved For Release 2008/05/15: CIA-RDP84-00898R000100110003-1
Economic & Energy
Indicators
DI EEI 83-006
18 March 1983
Approved For Release 2008/05/15: CIA-RDP84-00898R000100110003-1
Approved For Release 2008/05/15: CIA-RDP84-00898R000100110003-1
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Economic & Energy
Indicators
Economic Industrial Production
Gross National Product
Consumer Prices
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
OPEC: Crude Oil Official Sales Price
OPEC: Average Crude Oil Official Sales Price (Chart)
8
9
9
10
11
The EEI provides up-to-date information on changes in economic and energy
activities of major countries. It is updated from press ticker and embassy
reporting whenever possible.
Sources are revised periodically. The most recent date of publication for the
source notes is 11 December 1980. Comments and queries are welcome.
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Percent Change From Previous Period
(Seasonally Adjusted at an Annual Rate)
United States
4.4
-3.6
2.6
-3.4
-8.4
-13.1
-7.7
1.8
11.2
Japan
8.2
6.8
3.1
-30.7
42.0
West Germany
5.4
-0.8
-2.7
-3.2
-7.6
-20.5
31.8
-11.3
60.1
France
4.5
-1.0
-2.3
-1.9
7.7
20.8
NegI
-9.0
United Kingdom
2.5
-6.5
-4.6
0.7
-2.5
-5.7
-15.4
19.6
Italy
6.7
5.5
-3.6
-39.2
43.1
Canada
5.3
-2.0
2.8
-10.8
-14.4
-31.3
7.5
-9.8
Percent Change From Previous Period
(Constant Market Prices; Seasonally Adjusted at an Annual Rate)
1st Qtr
2d Qtr
3d Qtr
4th Qtr
United States
2.8
-0.4
1.9
-1.8
-5.1
2.1
0.7
-1.9
Japan
5.2
4.2
4.5
1.5
8.0
2.5
West Germany
4.0
1.8
-0.2
-1.1
-2.1
-1.3
-4.5
-0.3
France
3.3
1.1
0.2
1.6
-0.3
3.6
-1.7
2.8
United Kingdom
1.0
-1.4
-2.2
3.8
-0.1
-1.0
Italy
4.9
3.9
-0.2
5.1
-5.9
-11.5
Canada
2.9
0.5
3.1
-4.8
-8.5
-7.6
-3.9
Percent Change From Previous Period
(Seasonally Adjusted at an Annual Rate)
United States
11.3
13.5
10.3
6.2
2.0
2.1
Japan
3.6
8.1
4.9
2.6
3.2
0.6
-0.7
West Germany
4.1
5.5
6.0
5.3
2.8
2.8
1.0
France
10.6
13.5
13.3
12.0
7.6
12.6
United Kingdom
13.4
18.0
11.9
8.6
2.6
1.4
Italy
15.7
21.2
19.2
16.4
19.9
17.0
10.7
Canada
9.1
10.2
12.5
10.8
-1.2
54.1
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Money Supply, M-1
Percent Change From Previous Period
(Based on Amounts in National Currency Units; Seasonally Adjusted at an Annual Rate)
United States a
7.7
6.3
7.0
6.6
13.8
10.0
Japan
9.9
0.8
3.7
7.1
16.7
-56.7
West Germany
7.5
2.4
1.1
3.6
6.8
41.8
France
12.3
8.5
12.7
United Kingdom
12.3
4.5
NA
19.0
12.8
Italy
23.5
15.8
11.2
Canada
6.9
6.3
4.1
2.0
11.3
-43.6
10.0
Percent
(Seasonally adjusted)
a Unemployment rates for France are estimated. For comparison
with the US rate, the rates for France and the United Kingdom
should be increased by 5 percent and 15 percent respectively. Italian
rates should be decreased by 50 percent; the rates for Japan,
Canada, and West Germany are comparable to US rates.
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Billion US $, f.o.b.
(Seasonally Adjusted)
United States a
Exports
181.6
220.7
233.5
212.3
48.9
17.4
Imports
218.9
257.1
261.0
244.1
59.0
19.4
Balance
-37.2
-36.4
-27.5
-31.5
-10.1
-2.0
Japan
Exports
101.1
126.1
149.2
137.4
33.1
10.0
Imports
99.6
124.8
129.5
119.4
28.7
10.0
Balance
1.5
1.4
19.6
18.1
4.4
0.1
West Germany
Exports
171.9
193.1
175.4
176.2
43.6
14.7
Imports b
159.7
188.2
163.5
155.3
37.8
12.6
Balance
12.2
5.0
11.9
20.9
5.8
2.1
France
Exports
100.6
116.0
106.6
96.3
23.8
8.2
Imports
103.3
130.2
116.3
110.4
26.7
9.5
Balance
-2.7
-14.2
-9.8
-14.0
-2.9
-1.3
United Kingdom
Exports
86.5
110.2
102.6
96.9
24.0
7.2
Imports
93.9
107.3
96.0
93.1
22.0
8.0
Balance
-7.4
2.9
6.6
3.8
2.1
-0.8
Italy
Exports
72.0
78.4
75.1
73.5
17.9
Imports
77.0
100.6
91.0
86.2
20.5
Balance
-5.0
-22.3
-16.0
-12.8
-2.6
Canada
Exports
55.7
65.6
70.3
68.3
16.4
Imports
52.2
58.4
64.1
53.9
12.3
Balance
3.5
7.3
6.1
14.4
4.1
a Imports are customs values.
b Imports are c.i.f.
Japan
-8.8
-10.7
4.8
6.9
2.9
2.3
1.4
West Germany
-6.2
-16.5
-7.2
3.2
-1.9
4.7
France
1.2
-7.8
-5.5
-3.5
United Kingdom
-3.7
7.4
NA
8.1
2.1
3.2
-0.4
Italy
a Converted to US dollars at current market rates of exchange.
b Seasonally adjusted.
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Export Prices in US $
United States
16.1
10.6
9.2
1.5
-1.3
Japan
4.6
7.6
5.7
-5.6
-7.1
West Germany
14.6.
7.2
-15.2
-3.6
-9.4
France
16.1
11.7
-12.0
-5.4
6.1
United Kingdom
22.5
22.5
NA
-7.0
-12.3
-16.6
Italy
20.2
17.4
-7.8
Canada
17.8
17.4
3.9
-2.3
8.1
Import Prices in US $
Percent Change From Previous Period at an Annual Rate
United States
17.3
27.3
5.3
-2.0
-0.1
Japan
23.6
36.9
3.4
-7.9
6.5
West Germany
22.3
15.6
-8.3
-5.4
5.8
France
16.9
19.4
-7.8
-7.2
-0.1
United Kingdom
22.2
24.2
NA
-5.7
-8.2
-8.5
Italy
21.2
26.1
1.1
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United States
-1.6
-0.4
10.5
17.7
6.4
Japan
-5.5
-4.2
9.3
-25.5
42.1
West Germany
3.9
0.2
-2.1
9.2
6.3
France
0
0.5
-5.1
7.2
9.2
United Kingdom
5.6
9.8
2.5
14.1
-28.6
Italy
-4.3
-4.1
-9.2
-7.3
-10.9
Canada
-3.4
-0.1
0.3
11.5
7.1
Japan
-4.1
-3.5
2.7
-12.8
-1.1
-49.1
31.0
64.0
36.6
West Germany
8.7
0.8
-24.6
-7.2
-3.1
-16.0
-8.5
47.2
13.0
France
5.7
0.7
-28.7
-20.8
-7.5
-16.5
-8.9
45.5
12.6
United Kingdom
10.5
9.6
-13.2
-13.4
-16.7
-11.4
-36.4
-11.0
-27.2
Italy
2.1
-3.1
-32.8
-18.8
-12.6
-29.3
-25.8
44.4
17.7
Canada
-2.7
0.2
-2.5
-2.9
5.3
1.4
5.6
-11.7
8.8
United States
90-day certificates of
deposit, secondary market
13.63
13.29
16.24
13.24
Japan
loans and discounts
(2 months)
6.29
8.32
7.79
West Germany
interbank loans
(3 months)
9.68
9.66
12.19
9.25
France
interbank money market
(3 months)
12.91
12.39
15.47
15.08
United Kingdom
sterling interbank loans
(3 months)
16.88
16.72
13.85
12.75
Italy
Milan interbank loans
(3 months)
Canada
finance paper (3 months)
11.88
12.93
18.46
Eurodollars
3-month deposits
11.97
14.23
16.87
13.96
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Australia
(Boneless beef,
f.o.b., US Ports)
131.5
125.9
113.5
108.7
105.7
United States
(Wholesale steer beef,
midwest markets)
101.1
104.3
100.0
101.4
94.0
Cocoa
(0 per pound)
Coffee
($ per pound)
1.72
1.54
1.28
1.40
1.29
1.26
Corn
(Central Illinois No. 2 yellow,
$ per bushel)
2.66
3.01
3.14
2.42
2.34
2.62
Cotton
(Memphis middling
1 1/16 inch, $ per pound)
0.6328
0.8219
0.7243
0.6073
0.6067
0.6230
Palm Oil
(United Kingdom 5% bulk,
c.i.f., $ per metric ton)
653.84
583.08
570.67
445
372
Rice
(New Orleans
No. 2, milled f.o.b.,
$ per metric ton)
Soybeans
(Central Illinois No. I yellow,
$ per bushel)
7.07
6.95
6.98
5.86
5.61
5.70
Soybean Oil
($ per pound)
0.2768
0.2375
0.2129
0.1837
0.1640
0.1725
Sugar
(World raw London,
bulk C per pound)
9.57
28.63
16.88
8.42
6.02
6.44
Wheat
(Kansas City No. 2 hard
winter, $ per bushel)
3.97
4.33
4.36
4.00
3.99
4.07
FoodIndexa
188
232
203
167
162
165
(1975 =100)
a The food index is compiled by The Economist for 16 food
commodities which enter international trade. Commodities are
weighted by 3-year moving averages of imports into industrialized
countries.
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major US producer
60.1
71.6
77.3
76.0
76.0
76.0
LME cash
72.7
80.8
57.4
44.9
47.8
56.3
Chrome Ore
(South Africa chemical
grade, S per metric ton)
56.0
55.0
53.0
50.9
50.0
50.0
Copper a
(bar, t per pound)
89.8
98.7
Gold
(S per troy ounce)
306.8
612.1
Lead a
(t per pound)
Manganese Ore
(48% Mn, $ per long ton)
67.2
78.5
composite US producer
2.7
3.5
LME Cash
2.6
3.0
Platinum (s per troy ounce)
Metals week,
New York dealers' price
445.0
677.0
41.1
40.6
47.5
45.7
46.6
64.6
73.8
56.8
45.4
44.2
49.1
Silver
(S per troy ounce)
11.05
20.7
10.53
7.9
12.3
14.0
Steel Scrap d
(S per long ton)
99.4
91.2
Tin a
(t per pound)
Tungsten Ore
(contained metal,
$ per metric ton)
17,504
18,219
US Steel
(composite,
$ per long ton)
447.7
486.2
Zinc a
(t per pound)
33.4
34.4
Lumber Index a
(1975=100)
188
167
.Industrial
Materials Index f
171
184
(1975=100)
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.
b S-type styrene, US export price.
c 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.
e This index is compiled by using the average of 11 types of lumber
whose prices are regarded as bellwethers of US lumber construction
costs.
f The industrial materials index is compiled by The Economist for 19
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
Non-Communist
Countries
46,450
48,647
45,244
41,593
39,666
40,024
United States
8,707
8,550
8,597
8,572
8,657
8,638
8,620
Canada
1,313
1,496
1,424
1,285
1,308
1,421
United Kingdom
1,082
1,568
1,619
1,811
2,226
2,232
2,316
Norway
356
403
528
501
424
596
565
Other
738
757
691
717
776
764
Non-OPEC LDCs
4,447
4,945
5,444
6,027
6,845
6,902
Mexico
1,209
1,461
1,937
2,312
2,900
2,950
3,025
Egypt
485
525
595
598
645
645
645
Other
2,753
2,959
2,912
3,117
3,300
3,307
OPEC
29,807
30,928
26,941
22,680
19,430
19,471
19,061
Algeria
1,161
1,154
1,020
803
800
800
800
Ecuador
202
214
204
211
220
220
220
Gabon
209
203
175
151
140
144
158
Indonesia
1,635
1,591
1,576
1,604
1,372
1,352
1,360
Iran
5,242
3,168
1,662
1,381
2,700
2,700
2,800
Iraq
2,562
3,477
2,514
993
800
800
800
Kuwait b
1,894
2,213
1,389
947
700
700
700
Libya
1,983
2,092
1,830
1,137
1,700
1,700
1,800
Nigeria
1,897
2,302
2,058
1,445
1,482
1,355
1,214
Qatar
487
508
471
405
381
310
328
Saudi Arabia b
8,066
9,251
9,631
9,625
5,500
5,500
5,100
UAE
1,830
1,831
1,702
1,500
1,157
1,157
1,157
Abu Dhabi
1,446
1,463
1,343
1,131
800
800
800
Dubai
362
354
349
359
350
350
350
Sharjah
22
14
10
10
7
7
7
Venezuela
2,166
2,356
2,165
2,108
2,160
2,300
2,324
Communist countries
13,681
13,934
14,225
14,225
14,862
14,862
14,862
USSR
11,150
11,400
11,700
11,790
12,410
12,410
12,410
China
2,082
2,112
2,118
2,024
2,042
2,042
2,042
Other
449
422
407
411
410
410
410
a Preliminary.
b Excluding Neutral Zone production, which is shown separately.
c Production is shared equally between Saudi Arabia and Kuwait.
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Big Seven: Inland Oil Consumption
United States a
18,513
17,006
16,058
15,175
Japan
5,171
4,674
4,444
West Germany
2,664
2,356
2,120
France
2,107
1,965
1,744
1,645
United Kingdom
1,690
1,422
1,325
Italy b
1,620
1,602
1,705
Canada
1,765
1,730
1,617
a Including bunkers, refinery fuel, and losses.
b Principal products only.
Ist Qtr 2d Qtr Nov Dec Jan
15,797 15,275 15,031 14,894 15,001
4,643 3,784
2,169 2,007 2,004
1,841 1,604 1,739 1,814
1,511 1,277 1,414
1,801 1,530 1,652
1,580 1,366 1,472
United States
6,519
5,220
4,406
3,466
3,151
3,303
3,556
3,099
2,959
Japan
4,846
4,373
3,919
4,294
3,335
4,083
West Germany
2,147
1,953
1,591
1,448
1,413
1,550
1,410
1,454
France
2,520
2,182
1,804
1,788
1,473
1,358
United Kingdom
1,157
893
736
696
565
622
Italy
2,292
1,860
1,816
1,837
1,602
Canada
616
557
521
420
335
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1978
1979
1980
1981
1982
1983
Berri
39? API 1.16% sulfur
13.22
19.33
30.19
34.04
34.68
34.52
Light
34? API 1.70% sulfur
12.70
17.26
28.67
32.50
34.00
34.00
Medium
311 API 2.40% sulfur
12.32
16.79
28.12
31.84
32.40
32.40
Heavy
27? API 2.85% sulfur
12.02
16.41
27.67
31.13
31.00
31.00
Light
34? API 1.35% sulfur
12.81
19.45
34.54
36.60
31.05
31.20
Heavy
31? API 1.60% sulfur
12.49
18.49
33.60
35.57
29.15
29.30
Iraq c
35? API 1.95% sulfur
12.62
18.56
30.30
36.66
34.86
34.83
Nigeria
34? API 0.16% sulfur
14.07
20.86
35.50
38.48
35.64
35.42
29.87
UAE
39? API 0.75% sulfur
13.26
19.81
31.57
36.42
34.74
34.56
Kuwait .
31 ? API 2.50% sulfur
12.26
18.48
29.84
35.08
32.30
32.30
Libya
40? API 0.22% sulfur
13.89
21.16
36.07
40.08
35.69
35.50
Venezuela
26? API 1.52% sulfur
12.75
17.22
28.44
32.88
32.88
32.88
Indonesia
35? API 0.09% sulfur
13.55
18.35
30.55
35.00
34.92
34.53
Algeria
42? API 0.10% sulfur
14.14
19.65
37.59
39.58
35.79
35.50
Qatar
40? API 1.17% sulfur
13.19
19.72
31.76
37.12
34.56
34.49
Gabon
29? API 1.26% sulfur
12.80
18.20
31.09
34.83
34.00
34.00
Ecuador
28? API 0.93% sulfur
12.33
22.41
34.42
34.50
32.96
33.20
a F.o.b. prices set by the government for direct sales and, in most
cases, for the producing company buy-back oil.
b Weighted by the volume of production.
c Beginning in 1981 the price of Kirkuk (Mediterranean) is used in
calculating the OPEC average official sales price.
Approved For Release 2008/05/15: CIA-RDP84-00898R000100110003-1
Approved For Release 2008/05/15: CIA-RDP84-00898R000100110003-1
OPEC: Average Crude Oil Official Sales Price
3.39
18.67
12.88 12.93
1973 74 75 76 77 78 79 80 81 82
Annual Average
34.84 34.64 34.48
MMM ,, -, 34.06 _' 34.05
1979 1980 1981
Pre-1974 prices are derived from posted and are not official sales prices.
1
1982
Approved For Release 2008/05/15: CIA-RDP84-00898R000100110003-1