TNAG-0843-FCO40-1053-Visit-of-Lord-Carrington--Secretary-of-State-for-Foreign-and-1979 — Page 17

1

CONFIDENTIAL

STATISTICS ON THE ECONOMIC POSITION OF THE LDCS

Average annual growth in LDCs

%

1973

7

1975

1976 to date

4

5 - 52%

Growth of Per Capita GDP (at 1975 prices)

%

1960/70

1970/80

Low income countries

(in Asia and Africa)

1.8

1.7

Middle income countries

3.9

2.9

All developing countries

3.4

2.8

Industrialised countries

3.8

2.7

Population Growth (annual rates)

Low income countries

(in Asia and Africa)

Middle income countries

ALL Developing countries

Industrialised countries

%

1960/70

1970/80

2.4

1.7

2.5

2.5

2.5

2.4

1.1

0.7

Deficits of non-oil LDCs (8 billion)

1977

21

1978

32

Debt

1979 (est)

42

1980 (est)

48

External Debt of Developing Countries

ANNEX

US $ billion

1973

80.4

1974

97.3

1975

116.9

1976

143.5

1977

180.5

1978

1979 (est)

220.5

251.1

Debt Service Payments *

US $ billion

1973

10.5

1974

12.8

1975

1976

1977

1978

1979 (est)

14.9

16.4

23.1

26.9

n/a

* Between 1974 and 1978 the number of countries in arrears on current payments or seeking multilateral debt rescheduling increased from 3-18: Congo, Dominican Republic, Gabon, Ghana, Guinea, Guinea- Bissau, Guyana, Jamaica, Madagascar, Nicaragua, Pakistan, Peru, Sierra Leone, Sudan, Togo, Uganda, Zaire and Zambia.

(Sources IMF and World Bank)

CONFIDENTIAL