GROWTH RATES IN REAL TERMS OF COMPONENTS OF EXPENDITURE ON THE GROSS DOMESTIC PRODUCT 1974 TO 1982 (%)

CONFIDENTIAL

1982

Budget

1974

1975 1976

1977 1978

1979

1980 (*) 1981(**) forecast

Revised forecast

Private Consumption Expenditure

-1.1

2.0

8.8

Government Consumption

10.1

5.1

8.1

17.3 17.5 12.5 12.8

9.5 12.5 10.6 7.7

11.4

7

3

25.4

7

7

Expenditure

Gross Domestic Fixed Capital

-3.1

1.4

16.8

26.1

16.6

18.5 18.7

11.5

16

3

Formation

Transfer costs of land

and buildings

-37.0

9.6

35.6

28.7 53.5

20.6

64.4

71.3

30

10

Building and construction

11.6

6.3

14.2

Private

1.2

4.1

13.4

Public

32.1

9.6

15.3

Government

32.1

-7.4

-12.1

M.T.R.C.

-

165.3

Plant, machinery and

-12.7

-3.9 18.7

33.7 9.8 27.8 -2.6 41.9 25.5 12.5 48.1

95.1 2.1 17.8 22.5

4.5 12.0

4.5

15

13

9.6 24.0

2.8

8

2.

-0.6 -1.1 13.1 9.6 -21.2 -24.2 33.6 21.4

6.8

24

27

23.2

17

20

-44.5

80

75

11.4

14

-5

equipment

Private

-13.2

Public

7.5

-3.0 19.5 -33.0 -14.9

17.6 28.1

20.2 153.4

31.5 22.7 90.3 -3.7

9.8

14

-7

51.0

11

30

Increase in Stocks

Total Exports of Goods

-6.3

3.2 28.0

Domestic exports

-2.8

3.2 29.5

5.1 13.8

4.8 10.4

19.5

16.5 10.9

17.7

13.0

11

-1

8.0

7

-2

Re-exports

-16.7

3.4 23.1

6.0 25.8

29.0 37.3

24.4

20

о

Imports of Goods

-10.3

3.8 24.8

7.9

21.5

15.9

18.6

11.7

1.2

-3

Exports less Imports of Services

-14.8

1.3 32.2

-8.2

8.4

-3.6

-6.7

-4.4

5

-2

Gross Domestic Product (G.D.P.)

1.8

2.2 18.8

10.2

10.3

12.8

10.3

11.0

8

4

Per Capita G.D.P.

-0.7

0.5 17.5

8.5

8.1

6.5

6.8

8.5

6

3

Total Final Demand

-3.8

2.9

21.4

9.2

15.2

14.2

14.2

11.4

10

1

Total Final Demand excluding

-2.3

2.8 21.2

9.5

14.2

12.6 11.4

9.4

8

1

Re-exports

Retained Imports

-8.4

3.8 25.2

8.5

20.4

12.5

13.0

7.0

9

-4

Domestic Demand

-0.3

2.8 15.2

14.8

17.0

12.0 13.2

11.0

9

2

Private

Public

-2.1

17.2

2.5 15.8 5.6

13.7

16.6

12.5 14.4

10.1

8

1

10.4

24.3

20.6

7.8

3.2

19.0

14

16

Notes: (*)

(**)

Based on revised provisional estimates. Based on revised preliminary estimates.

CONFIDENTIAL

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