1. 1...2....5....7. 8...11... 11...12... 13...13...15...16...16 2011...17... 19... 19

(100) 033.212 ISBN 978-986-02-8605-2 GPN 1010002308 100 7

1. 1...2....5....7. 8...11... 11...12... 13...13...15...16...16 2011...17... 19... 19

... 20... 22... 23... 25... 28... 30... 31... 32... 32... 36... 37... 38...40.... 41... 41... 41... 47...49...52... 60.. 61 CEB-8.. 61 SEE-7....62 EECau-6 64 RCA-7... 64

...65... 67 2010...67... 67... 71...72...73...74...76 2011.....76. 81... 81 2010...82...98. 100. 100. 103. 105.. 107 2010. 107. 107

. 111. 113...115.116...123.... 125... 127. 127. 128. 130. 134. 134. 137. 140. 140. 143. 144. 144. 148. 151. 152. 154. 157

. 158. 162 2010...162 2010 164. 173. 173. 175. 177. 178. 179. 182 2011. 182 2011. 184 2011. 186. 187. 188. 195. 200. 202. 202. 205. 207. 207

. 208. 208. 214. 220. 220. 221. 222. 224. 224. 226. 226. 227... 233

2010 2010 two-speed 2010 Fed 2011 6 6,000 IMF 2011 6 2010 5.1% 1-1 12.4% 2011 IMF 2011 2010 4.3% 2010 2011 2009 1

2011 IMF 2011 6 2009 2010 1 5 National Export Initiative NEI 2010 2010 1,500 9.5% 9.7% 2010 7 2

1-1 2009 2010 2011-0.5 5.1 4.3-3.4 3.0 2.2-2.6 2.9 2.5-4.1 1.8 2.0-4.7 3.5 3.2-2.6 1.4 2.1-5.2 1.3 1.0-3.7-0.1 0.8-6.3 4.0-0.7-4.9 1.3 1.5-2.8 3.2 2.9-1.1 5.8 4.0 2.8 7.4 6.6-3.6 4.5 5.3-6.4 4.6 5.1-7.8 4.0 4.8-3.0 6.0 5.6 3.5 8.2 6.7-3.0 5.3 2.8-0.7 8.4 5.1 7.2 9.6 8.4 9.2 10.3 9.6 6.8 10.4 8.2 1 1.7 6.9 5.4-1.7 6.1 4.6-0.6 7.5 4.1-6.1 5.5 4.7 2.5 4.4 4.2-10.8 12.4 8.2-12.5 11.6 6.0-7.9 13.7 12.1-12.0 12.3 6.8-7.9 12.8 11.2 2-36.3 27.9 34.5-15.7 26.3 21.6 0.1 1.6 2.6 5.2 6.1 6.9 (LIBOR,%) 1.1 0.5 0.6 1.2 0.8 1.7 0.7 0.4 0.5 1. 滙 2011 4 14 5 12 2. 1 2 2010 79.03 2011 106.30 2012 105.25 IMF, World Economic Outlook, June 2011, Table 1.1. 3 %

4 7 21 GDP 2.6% 1.7% 3.7% 9 9.5 8 5.4 9.6% 2.6% 1.7% 2.0% Fed FOMC 11 QE2 2011 6 6,000 3,000 9,000 2.8% 0.2 IMF 2010 2.9% 2009 Fed 0 0.25% 2010 FOMC 0 0.25% FOMC 0 0.25% 2010 2010 1.29 20.6% 1.94 22.9%

5 2010 6,465.4 1,396 2009 2010 9.6% 4 1,513 6 1,459 QE2 2010 9.6% 2011 IMF 2011 6 2011 2.5% 2010 2010 6.3% 4.0% 2 33.1% 2% 3 5 15 65

2011 2011 2009 2 2010 2010 99.6 0.7% 99.3 1.0% 2010 2011 2012 2011 6

2011 3 11 IMF 2011 GDP 2010 4.0% 0.7% 2010 4.1% 1.8% 10% 12 0.1% 1.4% 1.3% 3.5% 2010 2.0% 2.0% 2.1% 2010 1.7% 7

GDP 57% 2011 1.8% 2.0% 2011 3 2010 5.2% 8.2% 2009 11.3% 2010 8

2010 10.3% 2010 9.6% 9.8% 2010 10.3% IMF 2011 9.6% 2009 2010 6.1% 2010 10.8% 2010 7.8% 2009 2011 3.5% 4.5% 2010 6.1% 9

10 2010 5 2010 7.3% 2010 0.9% 12.1% 2.8% 7.1% 0.5% 2010 7.2% 2011 5.5% 6% 2011 2010 2011 2011 5.5% 6% 2010 14.5% 4.2% 29.7% 17.1% 6.1% 0.7% 10.5% 15.1% 12.2%

2010 IMF EIU 2011 6 2011 3 2010 12.4% 12.7% 2009 2010 2010 1.29 20.6% 1.94 22.9% 2010 6,465.4 1,396 2010 2010 7 1,433 11

12 2010 2010 6.77 153.4% 37.1% 33.5% 26.5% 58.6% 24.3% 22.0% IMF EIU 2011 6 2011 3 2011 8.2% 6.6% 2003 2007 GI 2011 3 2010 21.0% 21.0% 2011 IMF 2011 6.8% 6.0% 11.2% 12.1% 2010 2009 8,480 8,690 2.5% OECD 4,610 2009 5% 1.3% OECD 3.6% 1.5% 5.1% 70 80 OPEC 78.23 4 5 80 85 5 26 68.21 70 75 11

80 90 88.99 2011 2010 2011 OPEC EIA 2010 12 2011 8,778 2010 1.7% 8,715 0.9% 63 Goldman Sachs Group Inc. OPEC OPEC 40% OPEC 2010 12 11 2008 12 2010 FOMC 3 13

Fed ECB IMF 7,500 BOE 2,000 5.05 Fed 2010 6 2010 4.42% 6.29% 4.27% 14

15 9.89% 9.52% 0.22% 2010 Fed 0 0.25% 11 Fed QE2 2012 Fed 2010 ECB 0.5% BOE 0.5% 2,000 BOJ 0.1% 6 2011

16 2010 1. 2010 10,430.69 11,577.51 11.0% 500 1,116.56 1,257.64 12.6% 2,294.41 2,652.87 15.6% 2. 2010 DAX 5,975.52 6,914.19 15.7% FTSE 5,412.9 5,899.9 9.0% CAC 3,952.21 3,804.78 3.7% 3. 2010 NIKKEI 10,609.34 10,228.92 3.6% 21,860.04 23,035.45 5.4% 2010 FTA 2010 FTA 2010 1 1 10 GDP 5.5 4.5

17 90% 9.8% 0.1% 12.8% 0.6% 2015 90% FTA 2 2 3 5 6 ECFA 9 8 11 2011 3 FTA FTA 2011 2010 2011 2011 3 2011 2011 2011

4.3% 2010 5.1% 2011 2010 11 18

2010 2009 2010 GDP 2.9% 11.0% 2009 12 9.9% 9.4% 70 3.2 5,069 6,471 2009 1.4 1.3 2010 QE2 19

20 2010 GDP 2.4% 3.0% 3.2% 2.8% 2.9% 2008 2009-2.6% +4.1% +7.0% 2010 +17.1% +11.7% +1.7% +1.0% +2.9% +1.87 +1.26 +0.21 +1.34-0.49 50% +1.37 GDP 1.33% 1.54% 1.67% 2.79% +2.6% +1.6% 2010 +1.0% 2010 GDP 1.0% +0.9% GDP 14.87 GDP

2-1 % * * * (+) GDP ( ) ( ) * * (-) 2002 1.8 0.2 5.8-1.3 1.6 2.25 4.25 6,962.7-4.7 11,716.1 1.7-4,753.4 2003 2.5 1.3 6.0 3.2 2.3 2.00 4.00 7,282.6 4.6 12,698.0 8.4-5,415.4 2004 3.6 2.3 5.5 3.6 2.7 3.15 5.15 8,198.7 12.6 14,855.0 17.0-6,656.3 2005 3.1 3.2 5.1 4.9 3.4 5.15 7.15 9,090.2 10.9 16,928.2 14.0-7,838.0 2006 2.7 2.2 4.6 2.9 3.2 6.25 8.25 10,358.7 14.0 18,753.2 10.8-8,394.6 2007 1.9 2.7 4.6 3.9 2.9 4.83 7.33 11,603.7 12.0 19,835.6 5.8-8,231.9 2008 0.0-3.7 5.8 6.4 3.8 0.86 3.61 13,049.0 12.5 21,395.5 7.9-8,346.5 2009-2.6-11.2 9.3-2.5-0.3 0.50 3.25 10,685.0-18.1 15,754.4-26.4-5,069.4 2010 2.9 5.3 9.6 4.2 1.6 0.75 3.25 12,886.6 20.6 19,357.4 22.9-6,470.8 2009 1-12.9 7.8-1.2-0.1 0.50 3.25 842.9-20.8 1,302.0-26.7-459.1 2-3.8-13.2 8.2-1.7 0.1 0.50 3.25 859.3-21.2 1,226.1-32.9-366.9 3-14.3 8.6-3.5-0.4 0.50 3.25 848.3-21.5 1,234.4-30.9-386.0 4-14.3 8.9-3.3-0.6 0.50 3.25 826.9-26.3 1,220.5-34.7-393.7 5-4.1-14.7 9.4-4.6-1.0 0.50 3.25 847.6-24.9 1,206.6-35.4-359.0 6-14.8 9.5-4.3-1.2 0.50 3.25 865.8-26.4 1,248.2-34.8-382.4 7-13.6 9.5-6.6-2.0 0.50 3.25 882.3-26.3 1,319.8-33.5-437.5 8-2.7-11.3 9.7-4.3-1.5 0.50 3.25 886.1-24.4 1,307.2-31.1-421.1 9-6.8 9.8-4.8-1.3 0.50 3.25 920.1-15.0 1,382.8-22.9-462.7 10-7.4 10.1-2.0-0.2 0.50 3.25 952.2-10.0 1,391.9-20.8-439.8 11 0.2-6.0 9.9 2.3 1.9 0.50 3.25 957.3-2.9 1,427.9-5.9-470.6 12-2.9 9.9 4.4 2.8 0.50 3.25 996.3 11.5 1,487.1 6.0-490.8 2010 1 0.3 9.7 4.7 2.6 0.50 3.25 1,005.6 19.3 1,476.6 13.4-471.1 2 2.4 1.1 9.7 4.4 2.2 0.59 3.25 1,003.3 16.8 1,518.5 23.9-515.3 3 3.3 9.7 6.0 2.4 0.75 3.25 1,052.8 24.1 1,575.3 27.6-522.6 4 4.6 9.8 5.3 2.3 0.75 3.25 1,043.0 26.1 1,569.0 28.6-526.0 5 3.0 7.2 9.6 5.0 2.0 0.75 3.25 1,072.9 26.6 1,617.7 34.1-544.8 6 7.7 9.5 2.6 1.1 0.75 3.25 1,050.9 21.4 1,671.5 33.9-620.7 7 7.5 9.5 4.0 1.3 0.75 3.25 1,079.0 22.3 1,627.7 23.3-548.8 8 3.2 6.8 9.6 3.2 1.2 0.75 3.25 1,077.5 21.6 1,666.8 27.5-589.3 9 6.3 9.6 3.9 1.1 0.75 3.25 1,078.9 17.3 1,649.3 19.3-570.3 10 6.0 9.7 4.2 1.2 0.75 3.25 1,121.8 17.8 1,633.2 17.3-511.3 11 2.8 6.0 9.8 3.3 1.1 0.75 3.25 1,135.9 18.7 1,650.3 15.6-514.4 12 6.8 9.4 4.1 1.4 0.75 3.25 1,165.1 16.9 1,701.4 14.4-536.3 * 1 2 3 21

% 2-1 5.0 4.0 3.0 2.0 1.0 0.0-1.0-2.0-3.0-4.0 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 5 14.66 11.38 5.8% 5.9% 2-1 2010 2010 Jobless Recovery 2010 2 25 880 101.4 0.8% 2010 0.5% 1.8% 22

23 14.9 2010 8 +10.9-6.5 +4.3 +3.6 +9.9 +12.5 +51.9 +10.1-23.9 2010 1,480 9.6% 26 10.0% 75.1 1.39 64.5% 0.4 58.3% 260 2009 18.7 130 4.7 2010 0.3 34.2 38 22.77 1.7% 4.0% 2-1 2-2 2-3 2010 12 2008 9 68.2% 76.3% 1970 2010 4.2 CPI-U

2-2 % 11.0 10.0 9.0 8.0 7.0 6.0 5.0 4.0 3.0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2011 5 2-3 115.0 105.0 2005=100 95.0 85.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2011 5 2.7% 1.9% 18.2% 7.7% CPI-U +13.8% +53.5% 1.5% CPI-U 0.8% 1.5% CPI-U -0.2% -1.1% +5.8% 24

2-4 11.0 9.0 7.0 5.0 3.0 1.0-1.0-3.0-5.0 % -7.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2011 5 5.5% 3.7% PPI 4.0% 6.5% 15.5% 2009 4.3% 2.9% 13.3% 2010 +4.8% +4.0% +1.9% 2-1 2-4 2010 2008 9 25

FOMC 2008 12 16 0 0.25% 27 2011 3 FOMC (1) 2010 2 1 (i) Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility, ABMFLF (ii) Commercial Paper Funding Facility, CPFF (iii) Primary Dealer Credit Facility, PDCF (iv) Term Securities Lending Facility, TSLF (v) Currency SWAP (2) Term Auction Facility, TAF 28 500 TAF 2 8 28 250 TAF 3 8 (3) Term-Asset- Backed Securities Loan Facilities, TABSLF Commercial Mortgage-Backed Securities, CMBS 6 30 TABSLF 3 31 (1) (3) 1 17 (4) (3) 4 28 26

(5) SWAP (1) (v) SWAP 300 2011 1 5 9 (6) 6 22 23 (7) 8 10 (8) QE2 2011 6 6,000 11 3 (9) QE2 2011 3 1 GDP 2-1 2-5 27

2-5 % 10.0 8.0 6.0 4.0 2.0 0.0 2007/1 2007/7 2008/1 2008/7 2009/1 2009/7 2010/1 2010/7 2011/1 2011 5 2.7% 1.8% 2010 FY, 2009.10.1 2010.9.30 1.41 1.29 GDP 1-9.9% -8.9% CBO 2010FY / 8,990 /-1.8% 1,910 /+38.5% 8,650 /-2.9% 760 /+121% 1,310 /+4.2% 2.16 GDP 14.9% Mandatory 1.91 /55.3% Discretionary 1.35 /39.0% 1,970 /5.7% 3 4,560 GDP 23.8% 2010 FY 28

6,960 /+5.5% 6,670 /+4.7% 4,500 /+5.0% 2,730 /+8.7% 1,620 /+7.2% /GDP 4.8% 4.7% ARRA Troubled Asset Relief Program, TARP Freddie Mac Fannie Mae 2009FY 3,670 ARRA 420 358 1,100 2,250 1.05 GDP 12% 5 2010FY 9.02 GDP 62.1% 8.0 GDP 55% TARP QE2 2010 11 4 6,000 12 17 Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act 2,130 1,140 250 29

30 ARRA 2011 6.2% 4.2% Estate Tax Cut 100% 2009 +12.6% +11.7% 11.4% 9.1% 6.8% 8.6% GDP 11.2% 33.5% 16.8% -12.6% 1.83 2,634 2.33 3,842 4,957 2009 3,749 1,208 GDP 2010-2.7% -3.4% GDP -2.7% -3.2% 2010 +940 +554 +301 +182 +92 +60 +1,388 +800 +88 +74 +40

31 / 2010 2,269 2,731 224 919 686 3,649 216 277 442 2,488 502 2,765 612 798 192 2,398 378 3,196 60 114 93 354 38 239 2009 5.0% QE2 2010 3 CBO 2011 2.8% CBO 2011 9.2% 2010 3 8.8% 1.5 GDP 9.8% QE2 FOMC

2009 2010 2010 3.2% IMF 2011 6 2011 2011 2.9% 2010 2011 2010 2009 2010 3.2% 1,815.5 23.5% 919.1 24.3% 896.4 22.8% 3.4% 32

33 GDP 1.3% 3.2% 2-2 2010 4.7% 0.6% 2010 4% 2010 3.77 2010 1.42 2009 8.6% 3,457.8 3,595.2 2010 FDI 5,616.1 FDI 2009 140.4 2.6% FDI 922.1 5.6% FDI 2009 1.5% 1954.2 2010 FDI 820.1 7.0% 2010

2-2 % * * (+) GDP ( ) ( ) * * (-) 2002 2.9 7.6 0.1 2.3 3.00 4.50 2,524.2-3.3 2,222.2 0.3 302.0 2003 1.9 7.6-1.4 2.8 3.00 4.50 2,718.9 7.7 2,398.4 7.9 320.6 2004 3.1 7.3 3.2 1.9 2.75 4.25 3,167.7 16.5 2,733.6 14.0 434.1 2005 2.9 6.8 1.5 2.2 3.50 5.00 3,600.6 13.7 3,143.2 15.0 457.4 2006 3.1 6.4 2.4 2.0 4.50 6.00 3,881.5 7.8 3,497.5 11.3 384.1 2007 2.7 6.0 1.6 2.1 4.50 6.00 4,206.9 8.4 3,804.3 8.8 402.7 2008 0.4 6.1 4.3 2.4 1.75 3.50 4,564.5 8.5 4,082.4 7.3 482.2 2009-2.6-11.1 8.3-3.4 0.3 0.50 2.25 3,165.6-30.6 3214.4-21.4-48.8 2010 3.2 2.1 8.0 1.0 1.8 1.25 3.00 3,880.6 22.6 3,918.0 21.9-37.4 2009 1-10.5 7.2 1.2 1.1 1.25 3.00 241.1-33.2 238.3-25.4 2.8 2-2.5-10.3 7.7 1.4 1.4 1.25 3.00 239.5-34.7 237.8-27.2 1.7 3-10.7 8.0-0.1 1.2 0.75 2.50 259.1-34.5 253.9-27.6 5.2 4-12.5 8.0-2.2 0.4 0.50 2.25 243.2-40.4 251.2-29.0-8.0 5-3.5-13.6 8.4-4.5 0.1 0.50 2.25 239.1-42.9 246.3-34.2-7.1 6-13.6 8.6-5.7-0.3 0.50 2.25 260.0-37.9 263.8-29.7-3.8 7-14.8 8.6-7.1-0.9 0.50 2.25 265.4-38.3 271.1-26.5-5.6 8-3.3-12.4 8.7-6.7-0.8 0.50 2.25 263.0-33.7 276.9-18.8-13.9 9-11.1 8.4-6.2-0.9 0.50 2.25 276.5-30.4 288.2-20.1-11.7 10-10.1 8.6-6.5 0.1 0.50 2.25 295.8-21.2 299.1-13.9-3.3 11-1.2-7.5 8.5-2.9 1.0 0.50 2.25 288.1-9.2 294.9-0.6-6.8 12-4.9 8.4-0.6 1.3 0.50 2.25 290.3 4.1 291.8 6.9-1.5 2010 1-1.2 8.3 0.1 1.9 0.50 2.25 292.3 21.1 270.7 13.6 21.5 2 2.1 0.2 8.2 0.0 1.6 0.50 2.25 287.2 19.9 282.6 18.8 26.3 3 2.7 8.2-0.7 1.4 0.50 2.25 339.6 31.0 343.3 35.2 22.7 4 4.2 8.1 0.2 1.8 0.50 2.25 324.6 33.4 324.7 29.3 22.7 5 3.4 6.9 8.1 1.6 1.4 0.50 2.25 325.0 35.9 327.2 32.9 20.6 6 7.8 7.9 0.2 1.0 0.75 2.50 331.0 27.4 341.3 29.4 10.0 7 7.7 8.0 0.8 1.8 1.00 2.75 297.7 12.1 318.1 17.4-10.4 8 3.4 8.5 8.1 0.6 1.7 1.00 2.75 319.6 21.5 337.2 21.8-27.2 9 6.1 8.0 1.5 1.9 1.25 3.00 322.5 16.6 347.2 20.5-53.3 10 5.7 7.9 2.5 2.4 1.25 3.00 337.2 14.0 353.8 18.2-70.5 11 3.2 4.5 7.6 2.2 2.0 1.25 3.00 340.2 18.2 342.7 15.9-2.5 12 5.4 7.6 3.0 2.4 1.25 3.00 364.0 23.4 329.4 12.6 34.6 * OECD 34

2-3 2006 2007 2008 2009 2010 4,371.7 5,101.4 5,427.3 5,475.7 5,616.1 780.5 947.3 902.4 873.5 922.1 1,557.3 1,883.5 1,995.5 1,983.4 1,954.2 614.4 662.9 722.1 768.4 822.1 5,188.3 5,131.4 6,420.3 6,211.8 6,166.9 860.3 868.3 1,119.9 1,000.2 1,055.4 1,087.5 1,027.3 1,048.0 1,027.1 866.7 1,568.0 1,660.1 2,322.6 2,297.6 2,422.7 Ceic 2010 6,166.9 0.7% 866.7 15.6% 2010 1,055.4 5.5% 5.4% 2-3 2009 2008 70.9% 3.2 2010 74.7% 76.4% 2010 83.9% 2009 2.3% 1.6% 76.8% 0.8% 35

0.1% 2010 2010 190 (1) 32 (2) 40 (3) 77 (4) 19 (5) 22 (1) 1 (2) 1.08 (3) 6 (4) (5) (6) 1 CPI 14 0.9% 1.9% 6 7 0.75% 2.0 2.50% 2.75% 36

37 9 0.25% 3.25% 2% 2010 2010 80% 2010 2009 1.6% 1.1% 1,704.1 2009 193 8.3% 8.0% 148.4 85.2 63.2 ILO

38 2010 374.0 3.6 0.1% 5.6 4.8% 1.3 4.2% 2010 32.1 30.1 6.2% 2010 4.6 2.6% 2010 1,330.1 18.9 1.4% 6.5 5.4% 7.6 3.9% 3.0 3.2% 1.4% 4.4% 2010 2009 2010 2008 2-4 2010 7,798.6 22.2% 3,880.6 3,918.0 22.6% 21.9% 2010 37.4

2-4 2006 2007 2008 2009 2010 16,484.3 16,866.4 17,125.8 16,848.9 17,041.0 3,985.9 3,993.0 4,021.3 3,736.4 3,740.0 346.4 337.2 327.0 320.5 300.7 330.1 339.3 340.1 316.2 329.4 122.0 138.0 151.8 147.8 148.3 1,069.7 1,133.5 1,232.2 1,161.4 1,217.2 2,117.7 2,044.9 1,970.3 1,790.6 1,744.3 12,498.4 12,873.5 13,104.5 13,112.5 13,301.0 2,633.5 2,682.4 2,678.8 2,639.8 2,677.8 802.2 822.8 857.7 820.3 805.7 1,040.5 1,060.4 1,075.4 1,099.0 1,095.7 1,089.9 1,136.9 1,200.0 1,201.6 1,266.7 690.0 702.1 686.5 656.5 672.2 1,158.4 1,183.2 1,192.8 1,192.7 1,217.8 1,785.5 1,846.1 1,903.4 1,955.0 2,030.7 745.0 782.0 759.6 776.7 766.0 1,015.0 1,069.4 1,073.5 1,055.9 1,058.4 701 723.5 751.1 788.3 753.5 837.4 864.6 925.7 926.6 956.4 2-2 2009 2010 2010 2009 Fed 39

40 2010 43.1% 37.9% 28.7% 29.6% 22.5% 17.7% -38.1% -38.6% -24.3% 33.8% 28.0% 24.6% 24.1% 7.2% 2010 OECD 2011 3 2011 3.9% 2011 2.2% 1.6%

2010 4.2% 4.1% 1.8% 2.9% 9.6% 10.1% 12 2010 1.8% 3.6% 1990 1.6% 1.3% 2010 2009 41

0.5% 0.6% y-o-y 1.9% 2.2% 1.9% 2.1% 2.0% Statistical Annex of European Economy Spring 2011 2010 3-1 3-2 3-3 3-4 2010 1. 2009 5 13 ECB 1.00% 0.25% 1.75% ECB 2010 ECB ECB ECB Fed 0 0.25% 0.1% 0.5% 42

3-1 GDP 2009 2010 2011 2009 2010 2011-3.9 2.0 2.4-14.7 1.3 5.0-2.8 2.2 2.4-3.6 3.5 3.4-1.7 1.0 1.5-3.4 3.7 2.0-4.1 2.3 2.0-3.9 1.8 1.9-5.2 2.1 1.7 1.7 3.8 4.0-13.9 3.1 4.9-2.5 1.3-2.2-8.2 3.1 3.7-4.8 4.0 3.5-2.6 1.6 1.8-8.1 1.2 1.9-4.7 3.6 2.6-3.7-0.1 0.8-2.0-4.5-3.5-5.3 5.5 4.2-6.7 1.2 2.7-4.9 1.3 1.7-7.6-1.0 0.6-7.1-1.3 1.5-5.2 1.3 1.0-5.5 0.2 2.8-18.0-0.3 3.3 2010 2011 Statistical Annex of European Economy, Spring 2011, European Commission. 3-2 17 % % 2007 2008 2009 2010 2011 2012 GDP 2.9 0.4-4.1 1.8 1.6 1.8 1.7 0.4-1.1 0.8 0.8 1.2 2.2 2.3 2.5 0.7 0.1 0.3 4.7-0.8-11.4-0.8 2.2 3.7 1.7 0.6-2.0-0.5 0.4 0.7 7.6 7.6 9.6 10.1 10.0 9.7 2.4 2.0 1.0 0.8 1.4 1.7 6.3 0.9-13.1 11.2 6.9 6.2 5.8 0.8-11.9 9.3 5.4 5.9 GDP -0.7-2.0-6.3-6.0-4.3-3.5 GDP 66.2 69.9 79.3 85.4 87.7 88.5 GDP 0.2-0.8-0.6-0.4-0.2-0.1 2010 2011 2012 Statistical Annex of European Economy, Spring 2011, European Commission. 43

3-3 27 % 2007 2008 2009 2010 2011 2012 GDP 3.0 0.5-4.2 1.8 1.8 1.9 2.1 0.7-1.7 0.8 0.9 1.3 1.9 2.3 2.2 0.7 0.3 0.2 5.8-0.8-12.0-0.7 2.5 3.9 1.7 0.9-1.9-0.5 0.4 0.7 7.2 7.1 9.0 9.6 9.5 9.1 2.7 2.5 1.2 1.2 1.6 1.8 5.5 1.5-12.4 10.6 7.3 6.5 5.7 1.1-12.3 9.5 5.6 5.7 GDP -0.9-2.4-6.8-6.4-4.7-3.8 GDP 59.0 62.3 74.4 80.2 82.3 83.3 GDP -0.5-1.0-0.6-0.5-0.2 0.0 2010 2011 2012 Statistical Annex of European Economy, Spring 2011, European Commission. 3-4 % 2006 2007 2008 2009 2010 2011 2012 GDP Euro area 3.1 2.9 0.4-4.1 1.8 1.6 1.8 EU27 3.2 3.0 0.5-4.2 1.8 1.8 1.9 3.4 2.7 1.0-4.7 3.6 2.6 1.9 2.8 2.7-0.1-4.9 1.3 1.7 2.1 2.2 2.4 0.2-2.6 1.6 1.8 2.0 2.0 1.5-1.3-5.2 1.3 1.0 1.3 Euro area 1.9 2.4 2.0 1.0 0.8 1.4 1.7 EU27 2.2 2.7 2.5 1.2 1.2 1.6 1.8 0.4 1.8 1.0 1.4 0.6 1.0 1.5 3.1 3.0 3.0 1.4 2.9 1.9 2.1 2.4 2.5 2.6 0.5 0.5 1.8 1.8 1.8 2.6 2.8 2.3 0.6 1.6 1.8 Euro area 8.5 7.6 7.6 9.6 10.1 10.0 9.7 EU27 8.2 7.2 7.1 9.0 9.6 9.5 9.1 10.3 8.7 7.5 7.8 7.1 6.4 6.0 5.4 5.3 5.6 7.6 7.8 8.0 7.8 9.2 8.4 7.8 9.5 9.7 9.5 9.2 6.8 6.1 6.7 7.8 8.4 8.4 8.2 2011 2012 1997 HICP 2011 17 27 2007 1 Statistical Annex of European Economy, Spring 2011, European Commission. 44

45 2. 2010 1 1.4389 5 5 1.30 IMF ECB 7,500 6 8 1.1942 2006 3 1.20 7 1.30 8 9 1.3253 Aa1 Aa2 1.2611 1.2874 Axel Weber ECB 9 16 1.3078 10 14 1.4101 11 1.320 1.3362 2011 1 10 1 1.2903 EFSF 20% 1 19 1.3506 3 ECB 3 1.40 3.

46 IMF 2010 8,770 2011 2012 7,710 7,140 III 4. 1999 2010 5 11 SGP GDP 3% 60%

47 2010 5 IMF 7,500 EFSF CDS 2010 11 2010 9.0% 9.6% 9.6% 10.1% 0.5% 0.3% 2009 59.3% 58.8% 58.7% 58.1% 7 2.2% 1.0% 5.9% 5.1% 4.8 % 4.1% 2011 9.5% 10.0% 3-5 2010 9.6% 20.1% 18.7% 17.8% 16.9% 14.4% 13.7%

3-5 10 1981 1990 1991 2000 2001 2010 2009 2010 2011 2012 9.5 8.5 7.8 7.9 8.3 7.9 7.8 6.0 7.8 8.8 7.8 7.1 6.4 6.0 14.7 11.1 6.3 11.9 13.7 14.6 14.0 6.4 9.5 9.8 9.5 12.6 15.2 15.3 15.6 15.7 11.9 18.0 20.1 20.6 20.2 8.7 10.6 8.9 9.5 9.7 9.5 9.2 8.6 10.4 7.8 7.8 8.4 8.4 8.2-4.6 5.3 6.5 6.3 5.6 2.5 2.5 4.1 5.1 4.5 4.4 4.2 5.7 7.1 7.0 6.8 6.8 6.7 7.2 5.1 4.0 3.7 4.5 4.2 4.0 2.9 3.9 4.4 4.8 4.4 4.3 4.2 7.3 5.5 7.4 9.6 11.0 12.3 13.0-6.1 5.9 7.3 8.2 8.0-15.1 12.0 14.4 14.0 13.3 4.6 12.5 8.2 8.2 8.4 7.9 7.4 17 - - 8.7 9.6 10.1 10.0 9.7 - - 11.2 6.8 10.2 9.4 8.5-7.0 6.7 7.3 6.8 6.4 6.9 6.6 4.9 6.0 7.4 7.1 6.7-9.7 13.8 16.9 13.0 11.5 12.7 11.1 17.1 18.7 17.2 15.8 7.5 10.9 13.7 17.8 15.5 12.7-7.5 10.0 11.2 11.0 9.3-14.3 8.2 9.6 9.3 8.8 - - 7.1 6.9 7.3 7.2 6.8 2.6 7.6 7.0 8.3 8.4 7.6 7.2 9.6 7.9 5.6 7.6 7.8 8.0 7.8 27 - - 8.6 9.0 9.6 9.5 9.1 2011 2012 2011 1 17 27 2007 1 Statistical Annex of European Economy, Spring 2011, European Commission. % 12.6% 11.2% 11.0% 10.2% 9.7% 5% 7% 48

49 2010 GDP 2009 6.8% 6.3% 6.4% 6.0% 60 63 67 VAT GDP 44.0% 44.5% 50.3% 50.4% 3-6 3-7 2010 GDP 2009 0.5 50.3% GDP 2009 44.0% primary balance 2009-4.2% -3.6% 3-7 2010

3-6 GDP % 2009 2010 2011 2012 2009 2010 2011 2012-5.9-4.1-3.7-4.2-8.0-7.9-5.1-4.6-3.0-3.3-2.0-1.2-2.6-2.5-1.0-0.7-14.3-32.4-10.5-8.8-4.7-3.2-2.7-1.6-15.4-10.5-9.5-9.3-5.9-4.7-4.4-4.1-11.1-9.2-6.3-5.3-2.7-2.7-4.1-3.2-7.5-7.0-5.8-5.3-1.7 0.1-0.6-2.4-5.4-4.6-4.0-3.2-9.7-7.7-4.5-3.8-6.0-5.3-5.1-4.9-9.5-7.1-5.5-4.8-0.9-1.7-1.0-1.1-4.5-4.2 1.6-3.3-3.7-3.6-3.0-3.0-7.3-7.9-5.8-3.6-5.5-5.4-3.7-2.3-8.5-6.4-4.7-3.6-4.1-4.6-3.7-3.3-0.7 0.0 0.9 2.0-10.1-9.1-5.9-4.5-11.4-10.4-8.6-7.0-6.0-5.6-5.8-5.0-6.3-6.0-4.3-3.5 27-6.8-6.4-4.7-3.8 2009 2011 2010 Statistical Annex of European Economy, Spring 2011, European Commission. 3-7 GDP 17 27 % 2009 2010 2011 2012 2009 2010 2011 2012 (1) 44.5 44.5 44.9 44.9 44.0 44.0 44.5 44.5 (2) 50.8 50.4 49.1 48.5 50.8 50.3 49.1 48.3 (3) = (1) - (2) -6.3-5.9-4.2-3.6-6.8-6.3-4.6-3.8 4 2.8 2.8 3.0 3.2 2.6 2.7 2.9 3.0 (5) = (3) + (4) -3.5-3.1-1.2-0.4-4.2-3.6-1.7-0.8 79.3 85.4 87.7 88.5 74.4 80.2 82.3 83.3 Statistical Annex of European Economy, Spring 2011, European Commission. GDP 0.1% GDP -3.3% -32.4% 50

-1.7% -4.6% -7.9% 32.4% -10.5% -10.4% -9.2% -9.1% -2.5% -2.7% GDP 3% SGP 3% 2010 GDP 74.4% 79.3% 80.2% 85.4% 142.8% 119.0% 60% 96.8% 96.2% 93.0% 83.2% 81.7% 80.2% 68.0% 62.7% 60.8% 60.1% GDP 6.6% 16.2% 18.4% 30.8% 38.2% 38.5% 39.8% 2011 Statistical Annex of European Economy Spring 2011 GDP 82.3% 2012 83.3% 2011 GDP 157.7% 120.3% 100% 101.7% 112.0% Angel Merkel Nicolas Sarkozy 51

1. GDP 3% 6 2. 3. 4. 1. 2010 4.7% 3.6% 2.3% 0.4% 6.0% A. Merkel 14.1% 12.6% 2.0% 2.4 1.2 3-8 52

3-8 % 2005 2006 2007 2008 2009 2010 2011 2012 GDP 0.5 3.4 2.7 1.0-4.7 3.6 2.6 1.9 0.3 1.4-0.2 0.7-0.2 0.4 1.2 1.5 0.4 1.0 1.6 2.3 2.9 2.3 1.5 0.9 0.9 8.0 4.7 2.5-10.1 6.0 6.0 4.8 7.7 13.1 7.6 2.5-14.3 14.1 7.6 6.5 6.7 11.9 5.0 3.3-9.4 12.6 7.5 7.2 GDP 0.0 2.3 1.2 1.1-1.8 2.4 2.1 1.9-0.4-0.1 0.2-0.2-0.3 0.6 0.0 0.0 0.7 1.1 1.5-0.1-2.9 1.2 0.5 0.0 11.2 10.3 8.7 7.5 7.8 7.1 6.4 6.0 0.7 0.4 1.8 1.0 1.4 0.6 1.0 1.5 GDP -3.3-1.6 0.3 0.1-3.0-3.3-2.0-1.2 2011 2012 HICP Statistical Annex of European Economy, Spring 2011, European Commission. 2010 295 28 4,048 0.5% 2010 0.7 2010 GDP 3.3% 2005 2009 2010 7% VAT 53

54 UMTS GDP 73.5% 83.2% 2011 2011 2.0% 2010 9,519 8,033 18.5% 7,976 6,647 20.0% 1,543 20.0% GDP 40.8% 1.2 2.9 2010 2011 1.5% 2008 2011 2.6% 2012 1.9% 2011 1.4% 2. 2010 2009 4.9% 1.3% 1 VAT 17.5%

55 0.5% 0.8% 0.2 15.4% 3.0% 5.3% 8.5% GDP 2.4 GDP 1.1 2011 1.7% 3-9 2010 2.9% BOE 2% BOE 2009 3 0.5% 1694 BOE 2,000 ( GDP 14%) 830 4 100 50 50 46.8 18 10 5.1 4.7 2.5 1.1 460 2010 2014

3-9 % 2005 2006 2007 2008 2009 2010 2011 2012 GDP 2.2 2.8 2.7-0.1-4.9 1.3 1.7 2.1 2.2 1.8 2.2 0.4-3.1 0.5 0.3 0.8 2.0 1.4 1.3 1.6 1.0 0.8 0.8-1.0 2.4 6.4 7.8-5.0-15.4 3.0 0.1 4.0 7.9 11.1-2.6 1.0-10.1 5.3 8.9 7.5 7.1 9.1-0.8-1.2-11.9 8.5 4.0 2.5 GDP 2.2 2.6 3.2-0.7-5.6 2.4 0.4 0.7-0.1 0.1 0.1-0.4-1.1 1.4 0.0-0.1 0.0 0.2-0.5 0.6 0.9-1.1 1.2 1.4 4.8 5.4 5.3 5.6 7.6 7.8 8.0 7.8 2.0 3.1 3.0 3.0 1.4 2.9 1.9 2.1 GDP -3.4-2.7-2.7-5.0-11.4-10.4-8.6-7.0 2011 2012 Statistical Annex of European Economy, Spring 2011, European Commission. 2010 GDP 10.4% 2010 1 VAT 17.5% 2010 6.5% VAT GDP 69.5% 80.0% 2011 1 VAT 20% GDP 0.8% GDP 0.2% 830 2011 GDP 8.6% 84.2% 3. 2010 56

57 2.6% 1.6% 1.7% 1.4% 7.1% 1.4% 9.6% 4.1% 8.2% 10.5% 0.4 2000 VAT 2010 0.5% ECB 2011 1.8% 3-10 2010 1.2% 0.1% 19.5 6.3 1.0 9.5% 9.7% 25 23.7% 2009 270.0 262.5 15 64 63.8% 59.4% 11.2% 2010 GDP 7.5% 7.0% VAT GDP 0.5% 0.1% GDP 0.5% 2010 GDP 78.3% 81.7% 2011 GDP 5.8% GDP 84.7%

3-10 % 2005 2006 2007 2008 2009 2010 2011 2012 GDP 1.9 2.2 2.4 0.2-2.6 1.6 1.8 2.0 2.6 2.4 2.6 0.5 0.6 1.7 1.6 1.8 1.2 1.3 1.5 1.7 2.7 1.4 0.6 0.3 4.4 4.1 6.0 0.5-7.1-1.4 3.4 5.0 3.1 4.8 2.5-0.5-12.4 10.5 6.7 6.6 5.9 5.6 5.6 0.6-10.7 8.2 6.8 7.5 GDP 2.6 2.5 3.3 0.5-2.4 1.3 1.9 2.5 0.0 0.0 0.2-0.3-1.9 0.2 0.2 0.4-0.7-0.3-0.9-0.3-0.2 0.4-0.2-0.4 9.3 9.2 8.4 7.8 9.5 9.7 9.5 9.2 2.0 2.4 2.5 2.6 0.5 0.5 1.8 1.8 GDP -2.9-2.3-2.7-3.3-7.5-7.0-5.8-5.3 2011 2012 Statistical Annex of European Economy, Spring 2011, European Commission. 4. 2010 1.3% 2009 1.8% 1.0% 1.0% 0.6% 1.7 11.9% 2.5% 16.3% 10.5% 18.4% 9.1% 13.7% 10.5% 0.4 10 3-11 2010 8.4% 2009 0.6 58

3-11 % 2005 2006 2007 2008 2009 2010 2011 2012 GDP 0.7 2.0 1.5-1.3-5.2 1.3 1.0 1.3 1.2 1.3 1.1-0.8-1.8 1.0 0.6 1.1 1.9 0.5 0.9 0.5 1.0-0.6-0.4 0.1 0.8 2.9 1.7-3.8-11.9 2.5 2.2 3.1 1.1 6.2 4.6-4.3-18.4 9.1 6.0 5.7 2.1 5.9 3.8-4.4-13.7 10.5 4.6 5.1 GDP 0.9 2.0 1.3-1.4-4.0 1.7 0.7 1.2-0.3 0.5 0.1-0.2-0.6 0.7-0.1-0.1-0.2 0.1 0.2 0.0-1.3-0.4 0.3 0.1 7.7 6.8 6.1 6.7 7.8 8.4 8.4 8.2 2.1 1.8 2.6 2.8 2.3 0.6 1.6 1.8 GDP -4.3-3.4-1.5-2.7-5.4-4.6-4.0-3.2 2011 2012 Statistical Annex of European Economy, Spring 2011, European Commission. 218 45 2010 2,293.5 0.1% 2010 2.3% 0.6% 50 1959 0.4% 2010 GDP 4.6% 0.8 2009-11 2010 5 2011-13 59

60 2010 GDP 116.1% 119.0% 1.81 2011 GDP 4.0% 2% GDP 120.3% 2011 IMF 6 2011 4.3% 2012 4.5% 10 Herman Van Rompuy 2020 10

1.9% 1.8% 2011 1.8% 1.6% 2012 2011 1 19 2010 29 GDP 4.2% 4.1% 7.0% 5.9% 2010 10 +5.3% +7.2% -0.4% +2.5% +4.0% +8.0% CEB-8 2010 CEB 8 +4.0% +3.6% +2.4% V FDI GDP 2.8% 61

2011 0.7% 92.7 bps CEB -1.3% -0.1% +0.7% +1.3% +1.0% 2010 2.0% GDP - 1.1% -4.2% -11.9% 3-12(1) (4) 2010 EU/IMF CEB 3-12 SEE-7 2010 7-1.9% -0.4% IMF IMF Precautionary Credit Line FDI GDP 10.5% 6.0% 62

3-12 2009/2010 % c % GDP % GDP % 2009 a 2010 b 2009 a 2010 b 2009 a 2010 b 2009 a 2010 b I. CEB-8-5.8-1.3 2.4 1.1-3.2-4.7-5.3-3.8-13.9 2.4-0.1 3.0-2.1-1.1 4.5 4.2-6.7 1.3 4.2 4.9-4.1-4.2 0.2 0.5-18.0-0.1 3.5-1.1-7.8-11.9 8.6 5.5-14.7 0.7 4.5 1.3-8.9-7.7 4.2 1.9 1.7 3.6 3.8 2.7-7.1-7.4-1.7-2.4-4.8 4.0 1.6 0.9-6.8-8.0-3.2-1.4-8.1 1.0 0.9 1.8-5.6-5.7-1.5-0.7-3.1 2.5 II. SEE-7 3.3 3.0 2.3 3.6-7.4-4.1-14.0-9.2 - -2.8 0.8-5.8-5.0-6.9-5.5-4.9 0.4 2.5 3.0-0.9-4.9-9.5-3.0-0.9 0.8-0.4 1.3-2.6-2.5-7.2-3.9-5.7 0.2-4.4-7.1-30.3-17.0-7.1-1.9 5.6 6.1-7.4-6.8-4.5-5.1-3.1 2.0 7.8 5.9-4.1-4.8-6.7-9.6-5.3-0.4 III. EECau-6-14.2 4.0 3.4 8.1-7.8-4.8-16.0-14.6 9.3 5.0 1.5 5.7 6.8 13.9 23.6 24.1 0.5 7.6 13.0 7.8-0.4-4.0-13.1-14.0-3.6 5.5 1.7 7.1-6.6-5.4-11.7-12.0-6.5 6.5-0.1 7.5-6.4-5.4-8.1-11.2-14.8 4.5 15.9 9.4-6.2-5.5-1.5-0.4-6.4 5.3 IV. -7.9 4.0 11.7 6.8-6.2-4.8 4.0 4.7-4.7 8.0 6.3 8.6-5.6-3.5-2.3-5.2 V. 1.2 7.0 7.3 7.1-1.5-2.8-3.2 3.2 2.3-1.4 6.9 8.0-1.2-11.0 2.1-5.4-1.6 6.1 7.5 10.1-5.4-2.2-9.8-13.9 3.4 6.5 6.4 6.5-5.2-4.4-4.9-3.6 6.1 9.2-2.7 5.0 7.8 2.8-16.1-4.7 8.1 8.5 14.1 9.0 3.2 2.2 2.7 3.8 3.0 7.2 a b c GDP EBRD (2010) Transition Report, Table 2. 63

64 2011 EECau-6 2010 4.0% +5.0% +7.6% IMF 2010 GDP -14.0% +24.1% FDI GDP 8.6% 5.9% 4.0% 1 2010 7 IMF 150 Stand by Arrangement RCA-7 4 1.4% 2010 RCA-7 4.0% 7.2% GDP -11.0% GDP -13.9%

3 7 7.75% 8.1% 8.5% 2010 SEE RCA EECau CEB 2011 RCA +6.6% EECau +4.0% CEB +3.2% SEE +1.9% +4.6% +5.0% IMF 65

66

2008 9 2009 4 2010 2011 2011 3 11 2011 2010 2010 GDP 9.1% 0.2% 3.8% 3.0% 5.6% 3.1% 5.0% 2.2% 2010 9 67

68 2009 4 2010 GDP 2010 2010 2010 25 2010 2010 6 20 G20 2013

CEBS 2010 7 91 2010 GDP 2010 9 9 Green New Deal 69

4-2 % * * * (+) GDP ( ) ( ) * * (-) 2002 0.3 5.4-2.1-0.9 0.10 1.38 4,167.3 3.3 3,376.0-3.3 791.3 2003 1.4 5.2-0.8-0.2 0.10 1.38 4,718.2 13.2 3,833.0 13.5 885.2 2004 2.7 4.8 4.7 1.3 0.0 0.10 1.38 5,656.7 19.9 4,551.9 18.8 1,104.8 2005 1.9 1.4 4.4 1.7-0.3 0.10 1.38 5,948.6 5.2 5,158.1 13.3 790.5 2006 2.0 4.5 4.1 2.2 0.2 0.40 1.63 6,467.3 8.7 5,790.4 12.3 676.9 2007 2.4 2.8 3.8 1.7 0.1 0.75 1.88 7,142.1 10.4 6,221.3 7.4 920.8 2008-1.2-3.3 4.0 4.6 1.4 0.30 1.68 7,820.5 9.5 7,625.9 22.6 194.6 2009-6.3-21.9 5.1-5.3-1.4 0.30 1.48 5,807.2-25.7 5,519.6-27.6 287.6 2010 4.0 16.5 5.1-0.2-0.7 0.30 1.48 7,697.7 32.6 6,940.5 25.7 757.2 2009 1-30.9 4.3-0.9 0.0 0.30 1.48 384.4-35.4 491.4-18.8-107.0 2-10.3-38.6 4.5-2.0-0.1 0.30 1.48 381.6-41.4 373.9-33.6 7.7 3-33.8 4.8-2.6-0.3 0.30 1.48 426.2-44.1 426.8-34.7-0.6 4-31.0 5.0-4.1-0.1 0.30 1.48 423.7-37.0 418.8-33.3 4.9 5-7.0-29.0 5.1-5.6-1.1 0.30 1.48 417.4-36.1 388.2-37.5 29.2 6-22.5 5.2-6.8-1.8 0.30 1.48 476.0-28.9 425.6-35.5 50.5 7-22.3 5.5-8.4-2.2 0.30 1.48 512.5-28.2 473.8-32.9 38.7 8-6.3-18.3 5.4-8.5-2.2 0.30 1.48 475.5-26.3 458.1-32.0 17.4 9-17.5 5.3-7.9-2.2 0.30 1.48 558.4-19.0 501.9-26.3 56.6 10-14.4 5.2-6.8-2.5 0.30 1.48 587.9-14.7 499.3-28.3 88.6 11-1.5-2.9 5.3-5.0-1.9 0.30 1.48 559.3 1.6 518.3-9.7 41.0 12 6.4 5.2-3.8-1.7 0.30 1.48 604.2 14.2 543.7-3.6 60.6 2010 1 18.2 5.1-2.1-1.3 0.30 1.48 537.6 39.9 532.9 8.5 4.7 2 5.6 33.1 5.0-1.6-1.1 0.30 1.48 567.9 48.8 497.2 33.0 70.7 3 32.4 5.1-1.3-1.1 0.30 1.48 662.9 55.5 559.9 31.2 103.0 4 27.0 5.1-0.2-1.2 0.30 1.48 630.7 48.9 552.7 32.0 78.1 5 3.1 20.7 5.1 0.4-0.9 0.30 1.48 578.5 38.6 544.8 40.3 33.7 6 16.6 5.2 0.4-0.7 0.30 1.48 645.3 35.6 571.6 34.3 73.7 7 14.6 5.1-0.2-0.9 0.30 1.48 682.0 33.1 592.6 25.1 89.5 8 5.0 15.5 5.0 0.0-0.9 0.30 1.48 609.5 28.2 602.1 31.4 7.5 9 12.1 5.0-0.2-0.6 0.30 1.48 692.0 23.9 600.3 19.6 91.8 10 5.0 5.1 0.9 0.2 0.30 1.48 699.0 18.9 599.7 20.1 99.3 11 2.2 7.0 5.1 0.9 0.1 0.30 1.48 659.6 17.9 640.5 23.6 19.1 12 5.9 4.9 1.2 0.0 0.30 1.48 732.6 21.2 646.4 18.9 86.3 * (1) (2) (3) 70

71 2010 7.4% 0.7% 1.0% 0.1% 9 10 11 12 1.0% 3.1% 2011 IT 2011 2012 2013 2010 1.4% 2.7% 1.1% 0.1% 2010

2011 1995 3 2010 0.2% 1.2% 1.2% 0.8% 5.1% 5.0% 2010 0.9% 0.2% 0.8% 1.0% 9 2010 12.2% 3.1% 72

2011 2010 鬪 1.8% 2011 2011 2011 2011 2011 2011 2010 0.4% 0.2% 0.3% 0.6% 73

0.4% 0.4% 20 3 1% 2011 2011 2% 2010 6.7% 5.2% 1.6% 0.8% 2.9% 0.3% 74

2010 2010 GDP 0.1 2010 2010 11 12 2011 2011 2011 GDP 2011 2011 2011 LNG 2011 2011 75

2010 1.7% 0.2% 0.1% 1.0% 1.2% 1.2% 1.1% 0.5% 2011 2011 8 2005 2010 2011 2011 3 11 3 15.5% 4 2011 2012 2011 76

77 2% 10% 4 2010 2011 2011 GDP 2011 GDP 4 2011 6 2011 2012 2011 7 5,380 2010 7 5,999 8 5,888 7 10.3% 8 6.9% 15%

4-1 2011 4 16 2011 15% 2011 5 2011 2011 2011 GDP 1 78

79 4-2 2011 % 2011 2012 2011 1-3 4-6 7-9 10-12 2012 1-3 4-6 7-9 10-12 2013 1-3 2010 2011 2012 ( ) -0.9-1.3 (-0.5) 0.6 (1.3) 1.5 (1.4) 1.3 (0.7) 0.4 (0.4) 0.2 (0.4) 0.4 (0.4) 0.3 (0.4) 2.3-0.6 (0.6) 2.7 (2.6) -0.8-0.3 (0.2) 0.8 (0.9) 1.3 (1.0) 1.1 (0.7) 0.3 (0.3) 0.1 (0.5) 0.2 (0.3) 0.1 (0.3) 1.4 0.5 (0.9) 2.1 (2.1) ( ) -0.6-0.7 (-0.3) 0.5 (0.3) 0.5 (0.5) 0.7 (0.6) -0.2 (-0.1) 0.2 (0.2) 0.3 (0.2) 0.3 (0.6) 0.8-0.7 (-0.4) 1.0 (1.2) ( ) 0.7-0.5 (-0.8) -1.0 (0.2) -0.2 (1.6) 1.3 (-1.1) 0.9 (2.0) 0.4 (2.2) 0.8 (1.8) 1.3 (0.9) -0.2 1.5 (2.4) 2.5 (4.9) ( ) -0.9 1.0 (1.0) 2.0 (2.1) 2.4 (1.8) 1.2 (0.8) 1.1 (1.0) 1.0 (1.5) 0.8 (0.6) 0.7 (1.0) 4.5 3.7 (3.5) 5.2 (4.7) ( ) -1.3 2.0 (0.7) 3.5 (4.8) 7.5 (1.0) 2.7 (1.0) 1.5 (1.6) -1.2 (-1.4) -1.2 (-2.3) -1.3 (-3.9) -10.0 4.3 (1.2) 6.2 (0.1) -0.2-0.9 (-0.4) -0.2 (0.4) 0.3 (0.3) 0.2 (-0.1) 0.2 (0.1) 0.2 (-0.1) 0.2 (0.0) 0.2 (0.0) 0.9-1.1 (-0.2) 0.7 (0.2) ( ) 0.7-4.6 (-8.3) 0.2 (5.5) 3.2 (6.5) 2.8 (2.7) 2.4 (1.6) 1.9 (0.2) 1.8 (1.3) 2.0 (1.6) 17.0-1.7 (-0.1) 9.2 (9.5) ( ) 2.0 1.7 (-6.0) 2.3 (2.9) 2.0 (4.7) 1.9 (3.4) 1.8 (0.9) 1.1 (0.6) 1.0 (1.2) 1.1 (1.3) 10.9 7.2 (1.2) 6.6 (8.0) ( ) -2.0-3.2 (-5.0) 0.7 (5.2) 4.0 (6.7) 3.6 (3.5) 1.4 (0.6) 0.6 (0.2) 1.3 (1.2) 1.1 (1.3) 8.9-1.6 (1.2) 7.8 (9.0) 4.7 4.9 (4.8) 5.0 (4.9) 5.0 (4.9) 4.9 (4.6) 4.9 (4.7) 4.8 (4.6) 4.7 (4.5) 4.6 (4.3) 5.0 5.0 (4.8) 4.7 (4.5) ( ) -0.2 0.3 (0.4) 0.5 (0.7) 0.7 (0.6) 0.4 (0.6) 0.4 (0.6) 0.3 (0.7) 0.3 (0.7) 0.5 (0.7) -0.8 0.5 (0.6) 0.4 (0.7) ( ) 2011 5 27 2011 12 2011 5 20 1.5% 2011 GDP 0.5% GDP 2011

80

2010 2010 10.3% 2010 GDP 8.1% 2010 GDP 6.2% 2010 6.8% 2010 2010 81

82 GDP 39.80 10.3% 2010 2011 2010 1. 2010 2010 GDP 39.80 10.3% 1.1 2010 11.9% 2009 5.7 10.3% 9.6% 9.8% 4.3% 12.2% 9.5% GDP 10.2% 46.8% 43.0% GDP 0.4 5-1 5-1 2010 19,109 11.3% 7.8% 1,168 66 4.1% 2009 0.2 18.3%

83 14.8% 2010 27.8 23.8% 2009 6.2 19.5% 24.1 24.5% 5.9 3.7 19.7% 2009 2010 6.8262 6.8274 6 7 12 6.6515 2010 6.7704 2009 0.89% 3.0 34.7% 1.6 31.3% 1.4 38.7% 1,827.3 2009 133.7 5-1 2. 2010 1.10 2009 89 7 485 10 1,397 32 192 3 2010 5.46 2009 1,559 2.9% 1.23 0.3% 3,132 6.1% 3.92 4.8% 2010 5,919 10.9% 7 6%

5-1 % * (+) GDP ( ) ( ) * * (-) 2002 8.0 12.9 4.0-2.3-0.8 2.97 5.04 3,256.0 22.4 2,951.7 21.2 304.3 2003 9.1 17.0 4.3 2.3 1.2 2.97 5.04 4,382.3 34.6 4,127.6 39.8 254.7 2004 9.5 16.2 4.2 6.1 3.9 3.24 5.22 5,933.3 35.4 5,612.3 36.0 321.0 2005 9.9 16.4 4.2 4.9 1.8 3.24 5.22 7,619.5 28.4 6,599.5 17.6 1,020.0 2006 10.7 16.6 4.1 3.0 1.5 3.24 5.58 9,689.4 27.2 7,914.6 19.9 1,774.8 2007 11.4 18.5 4.0 3.1 4.8 3.24 6.57 12,186.4 25.8 9,559.5 20.8 2,626.9 2008 9.0 12.9 4.2 6.9 5.9 1.80 4.86 14,284.7 17.2 2009 8.7 11.0 4.3-5.4-0.7 1.80 4.86 12,017.0-15.9 11,330. 0 10,056. 0 18.5 2,954.7-11.2 1,961.0 13,951. 2010 10.3 15.7 4.2 5.5 3.3 2.25 5.35 15,778.3 31.3 38.7 1,827.3 0 2009 1-3.4-3.3 1.0 1.80 4.86 904.9-17.6 513.8-43.1 391.1 2 6.2 11.0-4.5-1.6 1.80 4.86 648.7-25.7 600.6-24.1 48.1 3 8.3 4.3-6.0-1.2 1.80 4.86 902.2-17.2 718.9-25.0 183.3 4 7.3-6.6-1.5 1.80 4.86 919.2-22.8 789.9-22.9 129.4 5 7.9 8.9-7.2-1.4 1.80 4.86 887.0-26.5 756.9-24.9 130.1 6 10.7 4.3-7.8-1.7 1.80 4.86 954.7-21.4 875.4-12.8 79.3 7 10.8-8.2-1.8 1.80 4.86 1,053.9-23.0 951.1-14.6 102.9 8 9.1 12.3-7.9-1.2 1.80 4.86 1,036.7-23.4 882.1-16.8 154.6 9 13.9-7.0-0.8 1.80 4.86 1,158.7-15.3 1,031.5-3.4 127.2 10 16.1-5.8-0.5 1.80 4.86 1,106.2-13.9 868.4-6.4 237.8 11 10.7 19.2 4.3-2.1 0.6 1.80 4.86 1,136.0-1.2 946.1 26.7 189.8 12 18.5 1.7 1.9 1.80 4.86 1,307.0 17.7 1,123.0 55.9 184.1 2010 1 4.3 1.5 1.80 4.86 1,094.9 21.0 955.2 85.9 139.7 2 11.9 12.8 5.4 2.7 1.80 4.86 944.7 45.6 871.1 45.0 73.6 3 18.1 5.9 2.4 1.80 4.86 1,120.6 24.2 1,194.8 66.3-74.2 4 17.8 6.8 2.8 1.80 4.86 1,198.5 30.4 1,184.0 49.9 14.5 5 10.3 16.5 7.1 3.1 1.80 4.86 1,316.6 48.4 1,122.1 48.3 194.6 6 13.7 6.4 2.9 1.80 4.86 1,373.4 43.9 1,171.9 33.9 201.5 7 13.4 4.8 3.3 1.80 4.86 1,454.4 38.0 1,168.7 22.8 285.7 8 9.6 13.9 4.3 3.5 1.80 4.86 1,392.4 34.3 1,193.6 35.3 198.8 9 13.3 4.3 3.6 1.80 4.86 1,449.2 25.1 1,282.1 24.2 167.2 10 13.1 5.0 4.4 1.80 5.10 1,359.4 22.9 1,089.2 25.4 270.1 11 9.8 13.3 6.1 5.1 1.80 5.10 1,532.9 34.9 1,306.5 38.0 226.4 12 13.5 4.1 5.9 4.6 2.25 5.35 1,541.4 17.9 1,411.9 25.7 129.5 * 84

5-1 2001 2010 450,000 400,000 350,000 300,000 250,000 200,000 150,000 100,000 50,000 0 8.3 % ( ) 13.0 11.6 10.4 10.0 10.1 9.1 9.0 8.7 10.3 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 14 12 10 8 6 4 2 0 2010 (1) (2) (3) 85

(4) (5) 13% 2010 7 5,919 10.9% 2011 (1) (2) (3) (4) 86

5-2 2008 2009 2010 9.9 8.7 12.1 12.9 11.0 15.7 9.1 6.9 13.7 20.4 18.7 20.0 8.1 10.2 9.4 15.0 13.3 16.8 9.9 6.2 14.5 12.3 9.7 13.6 13.2 11.5 16.5 % 3. 2010 16.0 12.1% 15.7% 13.7% 20.0% 9.4% 16.8% 14.5% 13.6% 16.5% 2010 20.0% 5-2 2010 1.18 19.5% 8,937.5 32.1% 1,827.0 32.4% 957.6 27.9% 2.46 35.0% 2010 87

5-3 2008 11 2009 ( 11 ) 2010 ( 11 ) 4.9 7.8 49.4-14.5-4.5 59.1 29.5 10.3 34.6 11.4 4.2 49.4-3.1 16.9 46.3 36.6 17.4 49.4 % 24.5% 17.6% 16.6% 2010 2010 1 11 3.9 49.4% 1.19 59.1% 2.1 49.4% 689 34.6% 1.11 46.3% 1.04 49.4% 5-3 4. 2010 27.8 23.8% 6.2 19.5% 3.7 19.7% 24.1 24.5% 3,966 18.2% 88

5-4 2008 2009 2010 25.5 30.1 23.8 21.5 27.5 19.7 26.1 30.5 24.5 54.5 49.9 18.2 28.0 26.8 23.2 24.1 33.0 25.6 20.9 23.0 21.4 32.6 35.8 26.2 26.9 38.1 24.5 -- -- 29.5 産 20.9 16.1 33.2 % 10.1 23.2% 13.6 25.6% 11.6 21.4% 6.3 26.2% 6.2 24.5% 3.1 29.5% 29.5% 5-4 4.8 33.2% 3.4 32.9% 1,807 31.2% 5,599 33.9% 7.5 1.7 27.0% 5.8 1.5 33.5% 48.6% 89

90 46.1% 36.5% 33.5% 2010 2009 48.2% 40.4% 2009 10.8 2010 35.8% 2009 16.8% 19 2009 2010 4 2010 5,885 4,875 6. 2010 15.7 18.3% 14.8% 13.6 18.7% 2.1 16.2% 13.7 18.5% 5.8 29.9% 2010 30%

91 CPI 2010 1 1.5% 2 2009 2 2.7% 3 CPI 2.2% 2.9% CRB 2010 5.1% 3.3% 2010 2011 2010

7. 2010 M 2 72.6 19.7% 8.0 M 1 26.7 21.2% 11.2 M 0 4.5 16.7% 2010 71.8 2010 12.0 2009 1.6 47.9 2010 7.9 2009 1.6 2010 7.5 1.9 1.0 2,935 6.5 1.6 3,627 625 6,742 2,130 4,924 1,961 2009 2010 6.8262 6.8274 6 7 12 6.6515 2010 6.7704 2009 0.89% 92

93 2010 2010 6 3 2010 1 2.25% 2.75% 1 5.31% 5.81% 0.5 2011 8. 2010 2009 2010 2.97 34.7% 1.58 31.3% 1.40 38.7% 1,827.3 6.4% 5-5 2010 1.49 40.6% 50.1% 7,207.3

5-5 2007 2010 2007 2008 2009 2010 % 25,614.7 21,745.9 22,072.0 29,729.3 17.8 23.5-13.9 34.7 14,284.7 12,186.4 12,107.0 15,778.3 17.2 25.8-16.0 31.3 11,330.0 9,559.5 10,056.0 13,951.3 18.5 20.8-11.2 38.7 2,954.7 2,629.9 1,961.0 1,827.3 11.3 48.5-50.7-6.4 6,625.8 5,385.8 5,298.0 7,207.3 22.9 29.4-20.1 36.0 5,726.8 4,286.5 5,339.0 7,679.8 33.6 28.7-6.7 43.7 6,751.8 6,176.5 5,870.0 7,403.3 9.3 21.0-13.1 26.2 3,784.0 3,684.0 3,223.0 4,174.3 2.7 14.6-14.8 29.5 8,229.3 7,011.7 7,131.0 9,334.3 17.3 27.6-13.4 30.9 5,386.6 4,989.8 4,914.0 6,603.1 7.9 16.7-8.7 34.4 4,156.1 3,478.3 3,769.0 4,924.1 13.1 23.6-9.3 30.7 3,419.4 2,869.9 3,098.0 4,126.7 4.3 16.0-9.4 33.2 36.0% 45.7% 7,679.8 43.7% 55.0% 1.16 27.5% 39.0% 7,403.3 26.2% 47.0% 4,174.3 29.5% 30.0% 94

95 2010 2010 2010 1.6 33.3% 8,623 28.3% 7,380 35.3% 6,220 29.7% 2,344 22.7% 3,876 34.3% 2010 7,506 4,813 42.2% 2,693 56.6% 2010 9,334.3 30.9% 4,924.1 30.7% 1,295 20.9% 771 28.4% 2009 2010 72 2.74 2009 2010 368 65.3% 2010 23 5.2% 2010 2010 7.4 2010 6,603.1 34.4% 4,126.7 33.2%

( ) 5-6 2010 % 4,797 3,112 1,685 31.7 31.8 31.9 3,853 2,833 1,020 29.2 28.3 31.7 2,978 1,211 1,767 30.1 23.7 35.0 2,928 1,382 1,546 37.5 30.1 44.8 2,306 2,183 123 31.8 31.3 40.9 2,072 688 1,384 32.6 28.1 35.0 1,454 297 1,157 36.9 44.8 35.0 617 409 208 42.3 38.0 51.8 554 296 258 -- 69.0 21.7 2010 15 70.1% 169 60.1% 794 58.4% 2010 2009 2010 31.3% 223 2.2% 60 2010 4,797 31.7% 3,853 29.2% 2,978 30.1% 2,928 37.5% 2,060 1,813 1,427 860 696 556 5-6 96

97 2010 2010 9.8% 2010 2010 7 1 9. 2010 FDI 2.7 16.9% FDI 1,057 17.4% 46.9% 495.9 6.0% 22.7% 239.9 42.8% 6.7% 71.3 17.3% 2010 2.2 20.4% 881.8 20.6% 1,576 0.8% 40.5 13.3% 1,688 7.0% 65.9

10.7% 2010 674.7 67.0 56.6 42.4 40.5 26.9 16.4 12.4 9.5 9.3 90.1% 2010 2010 12 31 2011 2011 98

99 2010 6 2010 6.7704 2009 0.89% 2011 1. 2011 2. 3. 4.

5. 6. 2010 GDP 8.1% 6.4% 6.7% 6.2% 2010 6.8% 5-7 AAA 2010 100

101 12 4% 13.6 2010 4.4% 2011 3.3% 2010 2.4% 2011 1 14 83.8 1.4% 2010 8,238.7 12.6% 3,903.7 22.5% 4,335.1 24.7% 431.4 2010 42.4% 26.5% 25.4% 24.4% 20.7% 36.5% 35.9% 32.5% 30.4% 22.4%

5-7 * * % (+) GDP ( ) * * (-) 2002 1.8-9.7-3.0 5.00 2,003.2 5.4 2,080.2 3.2-77.0 2003 3.0-9.2-2.6 5.00 2,240.4 11.8 2,325.8 11.8-85.4 2004 8.5 2.9 6.9-0.4 5.00 2,594.2 15.8 2,714.6 16.7-120.4 2005 7.1 32.0 5.7 0.9 7.75 2,895.1 11.6 2,999.7 10.5-104.6 2006 7.0 2.2 4.8 2.0 7.75 3,168.0 9.4 3,346.8 11.6-178.8 2007 6.4-1.5 4.1 2.0 6.75 3,447.4 8.8 3,682.2 10.0-234.8 2008 2.3-6.7 3.4 4.3 5.00 3,630.0 5.3 3,888.9 5.6-258.9 2009-2.7-8.3 5.2 0.5 5.00 3,187.6-12.2 3,476.6-10.6-289.0 2010 6.8 3.5 4.4 2.4 5.00 3,903.7 22.5 4,335.1 24.7-431.4 2009 1 4.6 3.1 5.00 242.1-21.3 232.8-26.6 9.3 2-7.9-10.1 5.0 0.8 5.00 183.1-22.6 213.0-17.1-29.9 3 5.1 1.2 5.00 226.3-20.9 249.8-22.5-23.5 4 5.2 0.6 5.00 256.8-17.8 277.9-16.6-21.1 5-3.4-9.5 5.3 0.1 5.00 263.7-13.9 277.8-18.6-14.2 6 5.3-0.9 5.00 272.4-4.7 293.7-7.3-21.3 7 5.4-1.5 5.00 273.9-19.4 301.9-17.3-28.0 8-2.1-8.6 5.5-1.6 5.00 275.2-13.3 303.4-9.1-28.2 9 5.4 0.5 5.00 291.4-8.2 329.0-2.6-37.6 10 5.3 2.2 5.00 310.7-13.0 335.4-10.6-24.8 11 2.5-5.0 5.2 0.5 5.00 302.1 1.3 328.8 6.5-26.7 12 5.1 1.3 5.00 290.0 9.2 333.1 18.7-43.1 2010 1 4.9 1.0 5.00 286.4 18.3 324.4 39.4-38.0 2 8.1 0.4 4.6 2.7 5.00 234.9 28.3 260.2 22.2-25.3 3 4.4 2.0 5.00 298.6 31.9 348.7 39.6-50.1 4 4.4 2.4 5.00 312.1 21.5 357.5 28.6-45.4 5 6.4 2.2 4.6 2.5 5.00 326.5 23.8 358.7 29.1-32.2 6 4.6 2.8 5.00 343.6 26.1 382.8 30.4-39.3 7 4.3 1.4 5.00 336.6 22.9 375.9 24.5-39.2 8 6.7 5.4 4.2 3.0 5.00 373.3 35.7 388.7 28.1-15.3 9 4.2 2.5 5.00 360.8 23.8 392.3 19.2-31.5 10 4.2 2.5 5.00 353.4 13.7 382.1 13.9-28.7 11 6.2 5.8 4.1 2.9 5.00 352.1 16.6 382.4 16.3-30.3 12 4.0 3.1 5.00 325.4 12.2 381.5 14.5-56.0 * (1) (2) 102

1. 2010 25% 2010 2 4 8 2010 11 2 2011/12 (1) 1 (2) 3 (3) 2 5,000 (4) 103

2. 2011 2009 4 2010 36% 5% 2010 11 2011 104

105 (1) 1,800 (2) 2011/12 1,500 (3) (4) 2011 2011 3% 5% 2011 3.5% 2011 4% 2011

2011 4.5% 2011 1 2 邨 2.5 1.5 3 106

2010 6.2% 0.3% 2002 2010 GNI 20,759 17,193 20.7% 20,000 16.7% 2009 3.7% 0.1 4.7% 3.6% 3.5% 3.3% 2010 2.9% 0.1 3.0%±1.0% 2010 2009 28.3% 31.6% 411.7 282.1 2011 2011 4.5% 4.0% 2010 2010 107

108 6.2% 2009 0.3% 2002 6-1 6-2 2010 8.5% 7.5% 4.4% 4.7% saqr 2.1% 1.4% 0.6% 0.5% 6-2 2010 4.3% 2009 3.2% 14.8% 4.7% 4.1% 0.1% 2009 1.8% 3.5% 1.2% 2010 25.0% 2009 9.8% 1.4% 4.1% 3.0%

6-1 * * (+) * GDP ( ) ( ) * * (-) 2002 7.2 8.0 3.3-0.3 2.8 4.25 6.58 1,624.7 8.0 1,521.3 7.8 103.4 2003 2.8 5.5 3.6 2.2 3.5 3.75 6.20 1,938.2 19.3 1,788.3 17.6 149.9 2004 4.6 10.4 3.7 6.0 3.6 3.25 5.52 2,538.4 31.0 2,244.6 25.5 293.8 2005 4.0 6.3 3.7 2.2 2.8 3.75 5.74 2,844.2 12.0 2,612.4 16.4 231.8 2006 5.2 8.4 3.5 0.9 2.2 4.50 6.19 3,254.6 14.4 3,093.8 18.4 160.8 2007 5.1 6.9 3.3 1.4 2.5 5.00 7.08 3,714.9 14.1 3,568.5 15.3 146.4 2008 2.3 3.4 3.2 8.6 4.7 3.00 6.90 4,220.1 13.6 4,352.7 22.0-132.7 2009 0.3-0.8 3.6-0.2 2.8 2.00 5.81 3,635.3-13.9 3,230.9-25.8 404.6 2010 6.2 16.7 3.7 3.8 2.9 2.50 5.40 4,663.8 28.3 4,252.1 31.6 411.7 2009 1-25.3 3.6 4.7 3.7 2.50 5.91 211.3-34.5 249.0-31.4-37.7 2-4.2-9.4 3.9 4.4 4.1 2.00 5.57 254.0-18.5 226.0-30.7 28.0 3-10.1 4.0 3.5 3.9 2.00 5.50 278.9-22.5 239.2-35.5 39.7 4-7.4 3.8 1.5 3.6 2.00 5.40 303.3-19.9 248.7-35.0 54.5 5-2.1-8.2 3.8-1.3 2.7 2.00 5.42 278.2-29.4 234.1-39.5 44.2 6-0.6 3.9-3.1 2.0 2.00 5.47 322.1-13.6 256.9-32.1 65.2 7 1.0 3.7-3.8 1.6 2.00 5.53 319.1-22.1 276.8-35.6 42.3 8 1.0 1.4 3.7-3.0 2.2 2.00 5.61 289.5-20.9 274.1-32.2 15.4 9 12.1 3.4-2.6 2.2 2.00 5.82 339.2-9.4 297.6-24.7 41.7 10 1.2 3.2-3.1 2.0 2.00 5.88 339.7-8.5 304.0-15.8 35.7 11 6.3 18.5 3.3-0.4 2.4 2.00 5.87 339.9 17.9 295.3 2.4 44.6 12 34.8 3.5 1.8 2.8 2.00 5.81 360.1 32.8 329.2 23.9 30.9 2010 1 37.0 5.0 2.8 3.1 2.00 5.94 307.4 45.4 315.4 26.7-8.0 2 8.5 18.3 4.9 2.4 2.7 2.00 5.84 330.4 30.1 310.4 37.4 20.0 3 22.4 4.1 2.6 2.3 2.00 5.69 373.1 33.8 355.8 48.7 17.3 4 19.5 3.8 3.2 2.6 2.00 5.49 393.0 29.6 355.2 42.8 37.8 5 7.5 20.6 3.2 4.6 2.7 2.00 5.40 388.9 39.8 348.5 48.9 40.3 6 16.5 3.5 4.6 2.6 2.00 5.32 420.5 30.5 352.5 37.2 67.9 7 14.8 3.7 3.4 2.6 2.25 5.39 404.2 26.7 354.2 28.0 50.0 8 4.4 15.9 3.3 3.1 2.6 2.25 5.51 364.8 26.0 352.7 28.7 12.1 9 2.9 3.4 4.0 3.6 2.25 5.45 394.1 16.2 350.0 17.6 44.1 10 13.4 3.3 5.0 4.1 2.25 5.37 433.4 27.6 370.0 21.7 63.4 11 4.7 11.2 3.0 4.9 3.3 2.50 5.34 412.6 21.4 386.7 30.9 25.9 12 10.7 3.5 5.3 3.5 2.50 5.40 441.5 22.6 400.6 21.7 40.9 * 1 2 % 109

6-2 2005 % 2010 ( ) (P) 2010 (saqr) (P) 2009 2010 1 2 3 4 1 2 3 4 GDP 0.3 6.2 8.5 7.5 4.4 4.7 2.1 1.4 0.6 0.5 3.2-4.3 0.9-2.2-7.3-6.7-3.1-2.5-2.5 0.2-1.5 14.8 22.2 17.8 9.8 11.1 4.2 4.0 2.3 0.1 4.1 4.7 4.8 5.5 3.2 5.6 5.0 0.3 0.4 0.0 1.8-0.1 2.2 0.8 0.9-3.3 1.4-0.1-1.2-3.2 1.2 3.5 4.5 3.7 2.8 3.0-0.4 0.3 0.9 3.0 1.2 3.9 5.9 3.4 3.4 3.0 1.2 0.6 1.0 0.1 0.0 4.1 6.6 3.5 3.6 2.9 0.5 0.7 1.4 0.3 5.6 3.0 3.4 2.9 2.5 3.2 3.6 0.3-0.1-0.4-1.0 7.0 12.5 6.8 6.8 3.4 2.1 0.2 1.9-0.9 3.4-1.4 4.3-2.3-3.1-2.9 2.0-4.2-0.8-1.0-9.8 25.0 29. 30.5 26.6 15.9 2.8 7.9 5.6-1.0-1.2 14.5 16.7 14.5 11.6 15.7 2.2 7.8 2.3 2.6-0.2 15.8 20.8 14.7 11.6 16.9 3.0 7.4 2.5 3.0-8.0 16.9 21.5 18.0 14.7 14.2 4.2 4.7 3.2 0.5-7.8 18.2 21.6 20.4 16.0 15.5 4.8 7.1 3.6-0.7 1.(p) 2.saqr 2010 5.6% 15.8% 2009 1.2% 18.2% 2009 7.8% 6-2 2010 GNI 5.5% GDP 6.2% 2010 GNI 20,759 17,193 20.7% 110

111 9.4% 2007 20,000 2010 GDP 1,172.8 1,065.0 10.1% 2010 GDP 21.6% 1.01 2010 GDP 20,753 17,085 21.5% 20,000 2010 30.6% 2.8 2009 2.8% 6.9% 60.4% 2.6% 6.5% 58.2% 1.8% 2.0% 2010 2009 30.2% 32.0% 9.4% 6.6% 2010 2009 26.2% 29.2% 2010 16.7% 2009 0.8% 25.8% 19.5% 11.9% 11.3% 6-3 2010 2010 17.1%

6-3 2005 =100 % 2009 2010 1 2 3 4 1 2 3 4 (1) -15.7-6.1 4.3 16.2-0.8 25.8 19.5 11.9 11.3 16.7-16.5-6.6 4.4 16.8-0.9 26.8 20.2 12.2 11.4 17.1-19.5-0.5 5.6 46.3 7.8 46.1 26.9 19.9 13.0 24.8-32.5-19.1-1.8 14.7-6.8 51.0 35.7 16.5 15.2 27.4-14.9-5.8 2.1 12.8-1.7 21.8 17.2 11.3 11.5 15.0-15.7-5.9 3.1 12.3 1.8 21.2 15.4 8.3 7.4 12.6-13.8-5.7 0.8 13.3 1.7 22.5 19.7 15.4 17.3 18.5 (2) -6.2-16.9-14.2-8.0-8.0 6.6 15.6 18.4 17.1 17.1 66.9 74.2 78.9 78.4 74.6 80.5 83.0 82.6 81.0 81.8 2.6 2.3 2.8 4.0 3.1 5.1 5.8 6.5 6.2 5.9-4.7 1.5 2.8 10.8 2.6 9.9 4.9 7.3 5.2 6.7-17.9-12.9-10 10.2-8.2 25.5 24.5 27.6 4.3 19.9-35.5-17.7 3.4 20.0-11.8 10.5 24.2-0.7 11.3 10.9 4.3 4.5-1.2 5.0 1.7 2-3.9-3.8-6.7-3.4-12 -1.1 7.6 11.6 3.0-6.9-6.6-5 -39.8-19.7 (1) (2) ( ) 2009 0.9% ICT 24.8% 7.8% 27.4% 2009 6.0% 15.0% 12.6% 2009 1.8% 18.5% 2009 1.7% 2010 81.8% 2009 74.6% 2010 2009 2.6% 6.7% 112

113 2010 4.3% 19.9% 2009 8.2% 10.9% 2009 11.8% 6-3 2010 2010 2,474.8 0.1% 6-4 1,584.1 0.9% 2010 61.0% 0.2 2004 73.0% 0.1 49.4% 0.2 2010 2,382.9 32.3 1.4% 156.6 5.0% 404.9 4.9% 175.3 1.5% 1,646.1 1.1% 2004 6-4 1.2% 2.6% 2.4% 2.2% 2010 92.0 88.9 3.5% 3.7% 0.1 2010

2009 2010 6-4 2008 2010 % 2009 2010 15 40,092 40,590 494 1.2 498 1.2 24,394 24,748 47 0.2 354 1.5 60.8 61.0-0.7 0.2 23,506 23,829-71 -0.3 323 1.4 3,836 4,028 126 3.2 191 5.0 889 920 12 15.6 31 3.5 3.6 3.1 0.4 0.1 2010 2011 1 16 6-5 ( )/ 2005=100 (%)* (%)* 2001 1,752.4 5.1 71.3-13.0 2002 1,947.8 11.2 79.6 11.7 2003 2,127.4 9.2 84.7 6.4 2004 2,254.9 6.0 92.7 9.4 2005 2,404.4 6.6 100.0 7.9 2006 2,541.9 5.7 111.5 11.5 2007 2,683.2 5.6 118.6 6.4 2008 2,639.7-3.1 120.4 1.5 2009 2,622.0-0.7 124.4 3.3 2010 2,780.8 6.1 137.8 13.5 1. * 2. 2010 1 9 2011 4 57.7 0.7 1.2% 2009 4.1% 4.0% 2010 34.3 3.8 12.5% 2009 3.0% 3.3% 2010 278.1 6.1% 2008 2009 6-5 114

6-6 2005 =100 % 2009 2010 1 2 3 4 1 2 3 4 1,000 3.9 3.6 2.0 2.4 2.8 2.7 2.6 2.9 3.6 2.9 395.8 4.9 3.4 1.7 3.3 3.4 3.8 3.9 4.7 6.0 4.6 88.4 7.2 9.9 5.0 3.9 6.5 3.6 5.1 12.5 19.2 10.0 307.4 4.4 1.7 1.0 3.1 2.5 3.9 3.6 2.7 2.8 3.1 604.2 3.3 2.4 2.2 1.9 2.4 2.0 1.9 1.9 1.9 1.9 97.5 2.1 1.6 1.3 1.1 1.6 1.4 1.7 1.9 2.2 1.8 163.1 1.9 1.6 2.4 1.9 1.9 1.7 1.4 1.2 0.9 1.2 343.6 4.1 2.9 2.2 2.0 2.8 2.3 2.1 2.2 2.2 2.2 891.7 4.9 3.9 3.0 2.4 3.6 1.8 1.6 1.8 1.9 1.8 2010 1. 2010 2009 CPI 2.9% 0.1 3.0%±1.0% 2010 1.8% 3.6% 1.8 6-6 2. 2010 PPI 3.4% 3.6% 5.0% 2010 3.8% 2009 0.2% 6-7 115

6-7 2005 =100 % 2009 2010 1 2 3 4 1 2 3 4 1,000 4.2-1 -3.1 1.8-0.2 2.6 4.2 3.6 5.0 3.8 43.6 12.5 15.0 6.9 1.3 8.7 0.3 2.2 11.7 23.7 9.0 644.8 4.7-3.0-5.8 1.6-1.6 2.8 5.1 3.9 5.3 4.2 44.5 5.1 4.6 9.8 7.0 6.7 6.0 6.4 2.1 2.1 4.0 264.4 1.4 0.8-0.1 0.7 0.7 1.9 1.6 1.3 1.8 1.7 2010 1. 2010 8,915.9 31.2% 4,663.8 4,252.1 28.3% 31.6% 2009 397.1 411.7 6-8 (1) 2010 4,254.9 28.8% 91.2% 2009 90.9% 10.9% 8.8% 25.4% 110.7% 63.4% 41.7% 3 116

6-8 % 2008 422,007 13.6 435,275 22.0-13,267 2009 363,534-13.9 323,085-25.8 39,709 2010 466,384 28.3 425,212 31.6 41,172 2009 1 74,421-25.2 71,418-32.7 3,004 2 90,360-21.1 73,970-35.6 16,390 3 94,781-17.6 84,845-31.0 9,935 4 103,971 11.7 92,852 1.4 11,120 2010 1 101,086 35.8 98,127 37.4 2,959 2 120,251 33.1 105,741 43.0 14,510 3 120,251 23.6 105,693 24.6 14,558 4 128,946 24.0 116,250 25.1 12,826 2010 1 30,735 45.5 31,536 26.7-801 2 33,039 30.1 31,044 37.4 1,995 3 37,309 33.8 35,576 48.7 1,733 4 39,301 29.6 35,522 42.8 3,779 5 38,888 39.8 34,854 48.9 4,034 6 42,049 30.5 35,255 37.2 6,794 7 40,424 26.7 35,422 28.0 5,002 8 36,481 26.0 35,275 28.7 1,206 9 39,411 16.2 35,002 17.6 4,409 10 43,340 27.6 37,001 21.7 6,339 11 41,261 21.6 38,669 30.9 2,592 12 44,145 22.6 40,057 21.7 4,089 2010 6-9 2010 294.0 23.5% 2009 6.5% 6.3% 23.1% 6-9 117

6-9 % 2008 2009 2010 422,007 13.6 100.0 363,534-13.9 100.0 466,384 28.3 100.0 387,174 13.8 91.7 330,391-14.7 90.9 425,490 28.8 91.2 45,885 14.7 10.9 39,768-13.3 10.9 51,624 29.8 11.1 32,124 11.5 7.6 27,466-14.5 7.6 35,715 33.0 7.7 37,573 56.8 8.9 22,965-38.9 6.3 31,531 37.3 6.8 29,865 29.7 7.1 23,029-22.9 6.3 28,875 25.4 6.2 8,325-2.2 2.0 6,175-25.8 1.7 8,494 37.5 1.8 131,910 0.1 31.3 126,014-4.5 34.7 159,897 26.9 34.3 12,896-4.0 3.1 10,058-22.0 2.8 12,816 27.4 2.7 59,554-5.4 14.1 64,500 8.3 17.7 93,538 45.0 20.1 32,793-16.0 7.8 31,042-5.3 8.5 50,707 63.4 10.9 16,655 36.4 4.5 23,431 28.4 6.4 29,905 27.6 6.4 51,117 5.3 12.1 43,498-14.9 12.0 43,685 0.4 9.4 35,713 17.3 8.5 30,986-13.2 8.5 27,621-10.9 5.9 10,697-22.5 2.5 8,013-25.1 2.2 9,116 13.8 2.0 37,298 21.2 8.8 26,850-28.0 7.4 36,103 34.5 7.7 35,032-6.0 8.3 25,411-27.5 7.0 35,411 39.4 7.6 31,288-9.3 7.4 22,399-28.4 6.2 31,782 41.9 6.8 43,157 55.4 10.2 45,128 4.6 12.4 49,112 8.8 10.5 27,040 4.9 6.4 23,805-12.0 6.5 29,397 23.5 6.3 4,926 11.7 1.2 4,691-4.8 1.3 6,337 35.1 1.4 2,857 6.1 0.7 2,598-9.0 0.7 3,335 28.4 0.7 863-0.7 0.2 696-19.4 0.2 818 17.6 0.2 13,317-1.0 3.2 11,634-12.6 3.2 13,899 19.5 3.0 1,352-7.1 0.3 1,175-13.1 0.3 1,580 34.5 1.9 8,043 1.1 1.9 7,119-11.5 2.0 8,464 18.9 1.8 2,916-2.8 0.7 2,547-12.6 0.7 2,747 7.8 0.6 2,575-2.8 0.6 2,280-11.4 0.6 2,683 17.7 0.6 7,793 38.4 1.8 9,337 19.8 2.6 11,497 23.1 2.5 2010 2010 17.9% 35.2% 33.8% 31.2% 118

6-10 % 2008 2009 2010 422,007 13.6 100.0 363,534-13.9 100.0 466,384 28.3 100.0 214,051 13.4 50.7 190,761-10.9 52.5 255,178 33.8 54.7 91,389 11.5 21.7 86,703-5.1 23.9 116,838 34.8 25.1 19,772 6.0 4.7 19,661-0.6 5.4 25,294 28.7 5.4 28,252 7.1 6.7 21,771-22.9 6.0 28,176 29.4 6.0 49,283 27.2 11.7 40,979-16.8 11.3 53,195 29.8 11.4 16,293 36.3 3.9 13,617-16.4 3.7 15,244 12.0 3.3 7,934 37.5 1.9 6,000-24.4 1.7 8,897 48.3 1.9 5,794 1.6 1.4 4,325-25.4 1.2 6,115 41.4 1.3 5,779 28.8 1.4 4,528-21.6 1.2 6,460 42.7 1.4 11,462-12.0 2.7 9,501-17.1 2.6 14,830 56.1 3.2 8,977 36.0 2.1 8,013-10.7 2.2 11,435 42.7 2.5 26,647 35.1 6.3 24,039-9.8 6.6 28,369 18.0 6.1 5,253 30.5 1.2 3,857-26.6 1.1 4,557 18.2 1.0 76,697 7.7 18.2 56,014-27.0 15.4 69,608 24.3 14.9 58,375 4..3 13.8 46,608-20.2 12.8 53,507 14.8 11.5 5,936-13.6 1.4 3,797-36.0 1.0 5,555 46.3 1.2 10,523-8.8 2.5 8,821-16.2 2.4 10,702 21.3 2.3 3,496 0.5 0.8 2,911-16.7 0.8 3,004 3.2 0.6 3,546-14.6 0.8 2,797-21.1 0.8 3,569 27.6 0.8 9,748 20.5 2.3 4,194-57.0 1.2 7,760 85.0 1.7 23,954 15.0 5.7 15,604-34.9 4.3 22,522 44.3 4.8 50,434 2.4 12.0 41,089-18.5 11.3 53,918 31.2 11.6 46,377 1.3 11.0 37,650-18.8 10.4 49,816 32.3 10.7 4,057 15.7 1.0 3,440-15.2 0.9 4,102 19.3 0.9 32,923 28.8 7.8 26,715-18.9 7.3 36,125 35.2 7.7 5,926 69.9 1.4 5,311-10.4 1.5 7,753 46.0 1.7 9,090 21.5 3.2 7,133-21.5 2.0 8,846 24.0 1.9 11,216 40.5 2.7 16,321 45.5 4.5 13,396-17.9 2.9 5,171 10.2 1.2 363,534-13.9 100.0 466,384 28.3 100.0 9,386 13.7 2.2 190,761-10.9 52.5 255,178 33.8 54.7 BRICs 116,040 15.9 27.5 86,703-5.1 23.9 116,838 34.8 25.1 ( ) 2010 119

120 34.8% 29.8% 29.4% 32.3% 6-10 (2) 2010 34.1% 28.2% 27.8% 6-11 40.4% 35.6% 34.0% 32.3% 30.6% 22.3% 6-11 2010 715.7 16.8% 643.0 15.1% EU 387.2 9.1% 31.9% 30.1% 20.1% 6-12 (3) 2010 452.0 233.5 147.9 214.9 94.1 361.2 222.6

6-11 % 2008 2009 2010 435,275 22.0 100.0 323,085-25.8 100.0 425,212 31.6 100.0 271,610 33.5 62.4 186,053-31.5 57.6 249,462 34.1 58.7 122,996 6.3 28.3 104,011-15.4 32.2 133,386 28.2 31.4 40,140 8.0 9.2 32,746-18.4 10.1 41,855 27.8 9.8 24,526 19.5 5.6 19,815-19.2 6.1 24,251 22.4 5.7 14,569 35.1 3.3 11,633-20.2 3.6 13,894 19.4 3.3 157,648 44.8 36.2 103,833-34.1 32.1 140,815 35.6 33.1 85,855 42.3 19.7 50,757-40.9 15.7 68,662 35.3 16.1 17,534 46.5 4.0 12,765-27.2 4.0 17,928 40.4 4.2 19,806 56.5 4.6 13,875-29.9 4.3 17,006 22.6 4.6 14,247 14.8 3.3 11,091-22.1 3.4 17,343 56.4 4.1 41,111 11.6 9.4 34,256-16.7 10.6 44,752 30.6 10.5 8,800-1.2 2.0 7,407-15.8 2.3 9,924 34.0 2.3 57,348 30.2 13.2 34,943-39.1 10.8 46,216 32.3 10.9 41,411 51.1 9.5 23,979-42.1 7.4 30,840 28.3 7.3 15,142-5.0 3.5 10,326-31.8 3.2 14,641 41.4 3.4 51,654 6.4 11.9 43,059-16.6 13.3 60,443 40.4 14.2 9,486-10.8 2.2 5,667-40.3 1.8 13,899 145.2 3.3 16,184 15.4 3.7 13,297-17.8 4.1 17,953 35.0 4.2 80,444 6.0 18.5 67,962-15.5 21.0 83,125 22.3 19.5 24,140 5.5 5.5 19,744-18.2 6.1 25,663 30.0 6.0 42,647 5.8 9.8 36,462-14.5 11.3 43,242 18.6 10.2 32,018 3.9 7.4 26,620-16.9 8.2 31,137 17.0 7.3 4,848 6.6 1.1 3,893-16.7 1.2 4,304 10.6 1.0 7,083 10.4 1.6 6,425-9.3 2.0 7,997 24.5 1.9 2010 138.1 6-11 6-12 2. 2010 282.1 14% 121

6-12 2008 2009 2010 435,275 22.0 100.0 323,085-25.8 100.0 425,212 31.6 100.0 199,784 17.1 45.9 154,114-22.9 47.7 202,341 31.3 47.6 76,930 22.1 17.7 54,246-29.5 16.8 71,574 31.9 16.8 2,223 3.8 0.5 1,487-33.1 0.5 1,946 30.8 0.5 60,956 8.4 14.0 49,428-18.9 15.3 64,296 30.1 15.1 40,917 23.6 9.4 34,053-16.8 10.5 44,099 29.5 10.4 10,643 6.8 2.4 9,851-7.4 3.0 13,647 38.5 3.2 6,581 42.3 1.5 4,142-37.1 1.3 5,674 37.0 1.3 101,645 50.5 23.4 61,613-39.4 19.1 80,815 31.2 19.0 33,781 59.6 7.8 19,734-41.6 6.1 26,820 35.9 6.3 53,697 11.9 12.3 43,862-18.3 13.6 55,719 27.0 13.1 39,981 8.6 9.2 32,232-19.4 10.0 38,721 20.1 9.1 8,340 19.5 1.9 5,789-30.6 2.0 9,899 71.0 2.3 10,725 24.6 2.5 7,864-26.7 2.4 12,414 57.9 2.9 42,768 5.7 9.8 32,575-23.8 10.1 44,754 37.4 10.5 38,365 3.1 8.8 29,039-24.3 9.0 40,403 39.1 9.5 13,751 21.5 3.2 11,639-15.4 3.6 14,636 25.7 3.4 2009 % 1998 426.4 2009 327.9 2004 323.1 6-13 2010 419.0 2010 349.4 251.6 149.5 193.8 20.4 172.3 2010 2009 346.5 253.3 6-13 122

6-13 2007 2008 2009 2010 217.7 32.0 327.9 282.1 371.3 51.7 378.7 419.0-119.7-57.3-66.4-112.3 1.4 44.4 22.8 7.7-35.3-6.7-7.1-32.3-238.8-11.5-346.5-253.3-179.4-169.4-149.5-193.8-260.6-24.1 497.3 385.5-151.3 564.5-686.7-270.9 21.2-20.4 18.6-28.8 2010 2011 1 27 2009 FDI 2010 8.5% 325.3 6-14 FDI 49.8 37.6 36.7 20.7 17.6 2007 2010 2010 42.1% 99.5 85.1 58.4 2008 2009 123

6-14 2009 2010 * 39.4 49.8 26.4 15.3 26.5 37.6 42.1 11.6 19.4 36.7 89.3 11.3 9.4 20.7 120.6 6.4 5.3 17.6 234.3 5.4 299.8 325.3 8.5 100.0 2010 2009 2010 2011 2 5 % FDI 2010 FDI 130.7 114.8 15.9 13.8% 120 6-15 2010 FDI 32.2% 19.7 7.7% 20.8 41.7% 30.9 1.2 59.9 45.9% 24.0% 16.2% 15.1% 2011 1 2010 2011 1 31 2011 150 2011 1 31 2011 150 2010 14.8% 2011 124

6-15 % 2009 2010 1 2 3 4 1 2 3 4 1,677 2,967 3,374 3,465 11,484 1,540 2,791 2,932 5,612 13,070-38.2 62 17.4-19.2-1.9-8.2-5.9 13.1 62.0 13.9 788 814 792 737 3,131 713 794 926 1,723 2,372 1,646 6,668 1,150 1,075 55.1 57.7 70.3 47.5 58.1 73.1 38.5 2010 2011 2010 2011 2010 2011 3.7% 5.0% 6-16 2010 12 21 2011 2011 5.0% 3.0% 28 160 6-17 2011 5% 4.5% 7% 2.0% 125