13, Feb 2012, CET. Welcome to the Econ Stats Beta from EconomyWatch.com.

Country: World
National or Regional Currency: US Dollar, US$
Year of data: 1998 › Change year
Date of Last Update: 1st August 2011
Area:
Natural Resources: the rapid depletion of nonrenewable mineral resources, the depletion of forest areas and wetlands, the extinction of animal and plant species, and the deterioration in air and water quality (especially in some countries of Eastern Europe, the former USSR, and China) pose serious long-term problems that governments and peoples are only beginning to address
Capital:
Data Source: All Sources (IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International)

GDP Growth (Constant Prices, National Currency) for the World in year 1998 is 2.559 %. Annual percentages of constant price GDP are year-on-year changes; the base year is country-specific.

GDP Growth (Constant Prices, US Dollars) for the World in year 1998 is 2.118 %.

GDP (Current Prices, US Dollars) for the World in year 1998 is US$ 30,098.36 Billion. Values are based upon GDP in national currency and the exchange rate projections provided by country economists for the group of other emerging market and developing countries. Exchanges rates for advanced economies are established in the WEO assumptions.

GDP (PPP), US Dollars for the World in year 1998 is US$ 37,619.64 Billion. Gross domestic product based on purchasing-power-parity (PPP) valuation of country GDP. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites.

Investment (% of GDP) for the World in year 1998 is 22.286 %. Data are based on individual countries' national accounts statistics. For many countries, the estimates of national saving are built up from national accounts data on gross domestic investment and from balance of payments-based data on net foreign investment.

Gross National Savings (% of GDP) for the World in year 1998 is 21.949 %. Data are based on individual countries' national accounts statistics. For many countries, the estimates of national saving are built up from national accounts data on gross domestic investment and from balance of payments-based data on net foreign investment.

Inflation (Average Consumer Price Change %) for the World in year 1998 is 5.592 %. Data for inflation are averages for the year, not end-of-period data.

Inflation (End of Year Change %) for the World in year 1998 is 6.513 %. Data for inflation are end of the period, not annual average data.

Trade Volumes, All Trade (Percent Change) for the World in year 1998 is 4.549 %.

Import Volume of All Items Including Goods and Services (Percent Change) for the World in year 1998 is 4.716 %.

Import Volumes of Goods Only (Percent Change) for the World in year 1998 is 4.976 %.

Export Volume of All Items Including Goods and Services (Percent Change) for the World in year 1998 is 4.385 %.

Export Volumes of Goods Only (Percent Change) for the World in year 1998 is 4.707 %.

Current Account Balance (US Dollars) for the World in year 1998 is US$ -84.24 Billion. Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income.

Imports of Goods and Services (US Dollars) for the World in year 1998 is US$ -6,772.13 Billions.

Exports of Goods and Services (US Dollars) for the World in year 1998 is US$ 6,845.46 Billions.

Commodity Price Index - Includes Both Fuel And Non-Fuel Price Indices for the World in year 1998 is US$ 47.753 .

Commodity Non-Fuel Price Index - Includes Food And Beverages And Industrial Inputs Price Indices for the World in year 1998 is US$ 83.293 .

Industrial Inputs Price Index - Includes Agricultural Raw Materials And Metals Price Indices for the World in year 1998 is US$ 71.733 .

Crude Oil Spot Price Averages ( Petroluem, Apsp): Dated Brent, West Texas Intermediate, And The Dubai Fateh for the World in year 1998 is US$ 13.074 . The APSP denotes an equally weighted average of three crude oil spot prices - West Texas Intermediate (WTI), Dated Brent (Brent), and Dubai Fateh (Dubai). The prices of these crude oils tend to move together according to the inequality WTI > Brent > Dubai. Their price differentials reflect differences in American Petroleum Institute (API) measure of gravity, sulfur content, and overall weight. The WTI spot price refers to the physical delivery price for a barrel of WTI deliverable to Cushing, Oklahoma. The WTI price is frequently mentioned in the financial press, and is often described as the 'headline' oil price. The Brent spot price is the physical delivery price for a barrel of either Dated Brent (UK), Forties (Norway), or Oseberg (Norway) to Sullom Voe, United Kingdom (in the Shetland Islands). The Dubai Fateh spot price refers to the physical price for a barrel of Dubai Fateh deliverable in the Arabian Gulf at Dubai, United Arab Emirates.

Commodity Fuel Index - Includes Crude Oil (Petroleum), Natural Gas, And Coal Price Indices for the World in year 1998 is US$ 26.961 .

Crude Oil (Petroleum) Price Index - Includes Dated Brent, West Texas Intermediate, And The Dubai Fateh for the World in year 1998 is US$ 24.504 . The APSP denotes an equally weighted average of three crude oil spot prices - West Texas Intermediate (WTI), Dated Brent (Brent), and Dubai Fateh (Dubai). The prices of these crude oils tend to move together according to the inequality WTI > Brent > Dubai. Their price differentials reflect differences in American Petroleum Institute (API) measure of gravity, sulfur content, and overall weight. The WTI spot price refers to the physical delivery price for a barrel of WTI deliverable to Cushing, Oklahoma. The WTI price is frequently mentioned in the financial press, and is often described as the 'headline' oil price. The Brent spot price is the physical delivery price for a barrel of either Dated Brent (UK), Forties (Norway), or Oseberg (Norway) to Sullom Voe, United Kingdom (in the Shetland Islands). The Dubai Fateh spot price refers to the physical price for a barrel of Dubai Fateh deliverable in the Arabian Gulf at Dubai, United Arab Emirates.

Natural Gas Price Index - Includes European, Japanese, And American Natural Gas Price Indices for the World in year 1998 is US$ 34.394 .

Russian Natural Gas Price Index - Russian Natural Gas Border Price In Germany for the World in year 1998 is US$ 37.954 .

Indonesian Natural Gas Price Index - Indonesian Liquefied Natural Gas In Japan for the World in year 1998 is US$ 39.163 .

Natural Gas Spot Price Index - At The Henry Hub Terminal In Louisiana for the World in year 1998 is US$ 23.56 .

Coal Price Index - Includes Australian And South African Coal for the World in year 1998 is US$ 57.485 .

Australian Thermal Coal Price Index - 1200- Btu/Pound, Less Than 1% Sulfur, 14% Ash, Fob Newcastle/Port Kembla for the World in year 1998 is US$ 57.291 .

Coal Price Index - South African Export Price for the World in year 1998 is US$ 58.27 .

Food And Beverage Price Index (F&B)- Includes Food And Beverage Price Indices for the World in year 1998 is US$ 94.738 .

Food Price Index - Includes Cereal, Vegetable Oils, Meat, Seafood, Sugar, Bananas, And Oranges Price Indices for the World in year 1998 is US$ 92.064 .

Cereals Price Index - Includes Wheat, Maize (Corn), Rice, And Barley for the World in year 1998 is US$ 93.319 .

Wheat Price Index - No.1 Hard Red Winter, Ordinary Protein, Fob Gulf Of Mexico for the World in year 1998 is US$ 82.719 .

Maize Price Index (Corn) - U.S. No.2 Yellow, Fob Gulf Of Mexico, U.S. Price for the World in year 1998 is US$ 103.264 .

Rice Price Index - 5% Broken Milled White Rice, Thailand Nominal Price Quote for the World in year 1998 is US$ 106.119 .

Barley Price Index - Canadian No.1 Western Barley, Spot Price for the World in year 1998 is US$ 89.458 .

Vegetable Oil Index - Includes Soybean, Soybean Meal, Soybean Oil, Rapeseed Oil, Palm Oil, Sunflower Oil, Olive Oil, Fishmeal, And Groundnut Price Indices for the World in year 1998 is US$ 103.033 .

Soybeans Price Index - U.S. Soybeans, Chicago Soybean Futures Contract (First Contract Forward) No. 2 Yellow And Par for the World in year 1998 is US$ 100.07 .

Soybean Meal Price Index - Chicago Soybean Meal Futures (First Contract Forward) Minimum 48 Percent Protein for the World in year 1998 is US$ 84.917 .

Soybean Oil Price Index - Chicago Soybean Oil Futures (First Contract Forward) Exchange Approved Grades for the World in year 1998 is US$ 113.463 .

Rapeseed Oil Price Index - Fob Rotterdam for the World in year 1998 is US$ 87.448 .

Palm Oil Price Index - Malaysia Palm Oil Futures (First Contract Forward) 4-5 Percent FFA for the World in year 1998 is US$ 163.413 .

Sunflower Oil Price Index - US Export Price From Gulf Of Mexico for the World in year 1998 is US$ 58.122 .

Olive Oil Price Index - Extra Virgin Less Than 1% Free Fatty Acid, Ex-Tanker Price U.K. for the World in year 1998 is US$ 58.47 .

Fishmeal Price Index - Peru Fish Meal/Pellets 65% Protein, Cif for the World in year 1998 is US$ 95.266 .

Groundnuts Price Index (Peanuts) - 40/50 (40 To 50 Count Per Ounce), Cif Argentina for the World in year 1998 is US$ 103.38 .

Meat Price Index - Includes Beef, Lamb, Swine (Pork), And Poultry Price Indices for the World in year 1998 is US$ 71.407 .

Beef Price Index - Australian And New Zealand 85% Lean Fores, Fob U.S. Import Price for the World in year 1998 is US$ 65.944 .

Lamb Price Index - Frozen Carcass Smithfield London for the World in year 1998 is US$ 72.093 .

Swine Price Index (Pork) - 51-52% Lean Hogs, U.S. Price for the World in year 1998 is US$ 67.394 .

Poultry Price Index (Chicken) - Whole Bird Spot Price, Georgia Docks for the World in year 1998 is US$ 85.457 .

Seafood Index - Includes Fish (Salmon) And Shrimp Price Indices for the World in year 1998 is US$ 107.105 .

Fish Price Index (Salmon) - Farm Bred Norwegian Salmon, Export Price for the World in year 1998 is US$ 91.527 .

Shrimp Price Index - Frozen Shell-On Headless, Block 16/20 Count, Indian Origin, C&F Japan for the World in year 1998 is US$ 167.707 .

Commodity Sugar Index - Includes European, Free Market, And U.S. Price Indices for the World in year 1998 is US$ 90.168 .

CSCE Sugar Price Index - Free Market, Coffee Sugar And Cocoa Exchange (CSCE) Contract No.11 Nearest Future Position for the World in year 1998 is US$ 88.56 .

Sugar Price Index - U.S. Import Price, Contract No.14 Nearest Futures Position for the World in year 1998 is US$ 104.719 .

Europe Sugar Price Index - CIF Europe for the World in year 1998 is US$ 91.015 .

Bananas Price Index - Central American And Ecuador, Fob U.S. Ports for the World in year 1998 is US$ 85.334 .

Oranges Price Index - Miscellaneous Oranges French Import Price for the World in year 1998 is US$ 52.524 .

Beverage Price Index - Includes Coffee, Tea, And Cocoa for the World in year 1998 is US$ 119.422 .

Coffee Price Index - Includes Other Mild Arabicas And Robusta for the World in year 1998 is US$ 131.143 .

ICO Coffee Price Index - Other Mild Arabicas, International Coffee Organization New York Cash Price, Ex-Dock New York for the World in year 1998 is US$ 115.805 .

New York Coffee Price Index - Robusta, International Coffee Organization New York Cash Price, Ex-Dock New York for the World in year 1998 is US$ 157.259 .

Cocoa Beans Price Index - International Cocoa Organization Cash Price, Cif Us And European Ports for the World in year 1998 is US$ 108.503 .

Tea Price Index - Mombasa, Kenya, Auction Price for the World in year 1998 is US$ 110.252 .

Agricultural Raw Materials Index - Includes Timber, Cotton, Wool, Rubber, And Hides Price Indices for the World in year 1998 is US$ 94.141 .

Timber Index - Includes Hardwood And Softwood Price Indices for the World in year 1998 is US$ 82.309 .

Hardwood Price Index - Includes Hardwood Logs And Hardwood Sawn Price Indices for the World in year 1998 is US$ 76.295 .

Hard Logs Price Index - Best Quality Malaysian Meranti, Import Price Japan for the World in year 1998 is US$ 80.552 .

Hard Sawnwood Price Index - Dark Red Meranti, Select And Better Quality, C&F U.K Port for the World in year 1998 is US$ 74.466 .

Commodity Softwood Index - Includes Softwood Sawn And Softwood Logs Price Indices for the World in year 1998 is US$ 85.636 .

Soft Logs Price Index - Average Export Price From The U.S. For Douglas Fir for the World in year 1998 is US$ 87.638 .

Soft Sawnwood Price Index - Average Export Price Of Douglas Fir, U.S. Price for the World in year 1998 is US$ 85.222 .

Cotton Price Index - Cotton Outlook `A Index`, Middling 1-3/32 Inch Staple, Cif Liverpool for the World in year 1998 is US$ 118.783 .

Wool Index - Includes Coarse And Fine Wool Price Indices for the World in year 1998 is US$ 71.647 .

Fine Wool Price Index - 19 Micron, Australian Wool Exchange Spot Quote for the World in year 1998 is US$ 81.569 .

Coarse Wool Price Index - 23 Micron, Australian Wool Exchange Spot Quote for the World in year 1998 is US$ 63.397 .

Rubber Price Index - No.1 Rubber Smoked Sheet, Fob Malaysian/Singapore for the World in year 1998 is US$ 48.056 .

Hides Price Index - Heavy Native Steers, Over 53 Pounds, Wholesale Dealer`S Price for the World in year 1998 is US$ 116.836 .

Metals Price Index - Includes Copper, Aluminum, Iron Ore, Tin, Nickel, Zinc, Lead, And Uranium Price Indices for the World in year 1998 is US$ 55.548 .

Copper Price Index - Grade A Cathode, Lme Spot Price, Cif European Ports for the World in year 1998 is US$ 44.981 .

Aluminum Price Index - 99.5% Minimum Purity, Lme Spot Price, Cif Uk Ports for the World in year 1998 is US$ 71.432 .

Iron Ore Price Index - 67.55% Iron Content, Fine, Contract Price To Europe, Fob Ponta Da Madeira for the World in year 1998 is US$ 47.684 .

Tin Price Index - Standard Grade, Lme Spot Price for the World in year 1998 is US$ 74.963 .

Nickel Price Index - Melting Grade, Lme Spot Price, Cif European Ports for the World in year 1998 is US$ 31.287 .

Zinc Price Index - High Grade 98% Pure for the World in year 1998 is US$ 74.194 .

Lead Price Index - 99.97% Pure, LME Spot Price, CIF European Ports for the World in year 1998 is US$ 54.078 .

Uranium Price Index - U3O8 Restricted Price, Nuexco Exchange Spot for the World in year 1998 is US$ 37.189 .