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World Economic and Financial Surveys

World Economic Outlook

Database—WEO Groups and Aggregates Information

April 2014

Country Information

(Excel File)

Country Composition of WEO Groups

The country classification in the World Economic Outlook divides the world into two major groups: advanced economies and emerging and developing economies. Please refer to the introduction to the WEO's Statistical Appendix for details. This classification is not based on strict criteria, economic or otherwise, but instead has evolved over time with the objective of facilitating analysis by providing a reasonably meaningful organization of the data.

Some countries remain outside the country classification and therefore are not included in the analysis. Anguilla, Cuba, the Democratic People’s Republic of Korea, and Montserrat are examples of countries that are not IMF members, and their economies therefore are not monitored by the IMF. Somalia is omitted from the emerging market and developing economies group composites because of data limitations. Data for Latvia are not included in the euro area aggregates because the database has not yet been converted to euros.

Advanced Economies

   Euro Area
   Major Advanced Economies (G7)
   Other Advanced Economies (Advanced Economies excluding G7 and Euro Area)

European Union


Emerging Market and Developing Economies

   Commonwealth of Independent States
   Emerging and Developing Asia
      ASEAN-5
   Emerging and Developing Europe
   Latin America and the Caribbean
   Middle East, North Africa, Afghanistan, and Pakistan
   Middle East and North Africa
   Sub-Saharan Africa


Advanced Economies

Australia
Austria
Belgium
Canada
Cyprus
Czech Republic
Denmark
Estonia
Finland
France
Germany
Greece

Hong Kong SAR
Iceland
Ireland
Israel
Italy
Japan
Korea
Latvia
Luxembourg
Malta
Netherlands
New Zealand

Norway
Portugal
San Marino
Singapore
Slovak Republic
Slovenia
Spain
Sweden
Switzerland
Taiwan Province of China
United Kingdom
United States


Euro Area

Austria
Belgium
Cyprus
Estonia
Finland
France

Germany
Greece
Ireland
Italy
Luxembourg
Malta

Netherlands
Portugal
Slovak Republic
Slovenia
Spain


Major Advanced Economies (G7)

Canada
France

Germany
Italy

Japan
United Kingdom
United States


Other Advanced Economies
(Advanced Economies excluding G7 and Euro Area)

Australia
Czech Republic
Denmark
Hong Kong SAR
Iceland

Israel
Korea
Latvia
New Zealand
Norway

Singapore
San Marino
Sweden
Switzerland
Taiwan Province of China


European Union

Austria
Belgium
Bulgaria
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Finland

France
Germany
Greece
Hungary
Ireland
Italy
Latvia
Lithuania
Luxembourg

Malta
Netherlands
Poland
Portugal
Romania
Slovak Republic
Slovenia
Spain
Sweden
United Kingdom


Emerging and Developing Economies

Afghanistan
Albania
Algeria
Angola
Antigua and Barbuda
Argentina1
Armenia
Azerbaijan
The Bahamas
Bahrain
Bangladesh
Barbados
Belarus
Belize
Benin
Bhutan
Bolivia
Bosnia and Herzegovina
Botswana
Brazil
Brunei Darussalam
Bulgaria
Burkina Faso
Burundi
Cambodia
Cameroon
Cabo Verde
Central African Republic
Chad
Chile
China
Colombia
Comoros
Democratic Republic of the Congo
Republic of Congo
Costa Rica
Côte d'Ivoire
Croatia
Djibouti
Dominica
Dominican Republic
Ecuador
Egypt
El Salvador
Equatorial Guinea
Eritrea
Ethiopia

Fiji
Gabon
The Gambia
Georgia
Ghana
Grenada
Guatemala
Guinea
Guinea-Bissau
Guyana
Haiti
Honduras
Hungary
India
Indonesia
Iran
Iraq
Jamaica
Jordan
Kazakhstan
Kenya
Kiribati
Kosovo
Kuwait
Kyrgyz Republic
Lao P.D.R.
Lebanon
Lesotho
Liberia
Libya
Lithuania
FYR Macedonia
Madagascar
Malawi
Malaysia
Maldives
Mali
Marshall Islands
Mauritania
Mauritius
Mexico
Micronesia
Moldova
Mongolia
Montenegro
Morocco
Mozambique
Myanmar
Namibia
Nepal
Nicaragua
Niger
Nigeria
Oman
Pakistan
Panama

Papua New Guinea
Palau
Paraguay
Peru
Philippines
Poland
Qatar
Romania
Russia
Rwanda
Samoa
São Tomé and Príncipe
Saudi Arabia
Senegal
Serbia
Seychelles
Sierra Leone
Solomon Islands
South Africa
South Sudan
Sri Lanka
St. Kitts and Nevis
St. Lucia
St. Vincent and the Grenadines
Sudan2
Suriname
Swaziland
Syria3
Tajikistan
Tanzania
Thailand
Timor-Leste
Togo
Tonga
Trinidad and Tobago
Tunisia
Turkey
Turkmenistan
Tuvalu
Uganda
Ukraine4
United Arab Emirates
Uruguay
Uzbekistan
Vanuatu
Venezuela
Vietnam
Yemen
Zambia
Zimbabwe

1 The consumer price projections for Argentina are excluded because of a structural break in the data. Please refer to note 6 in Table A7 for further details.
2 Data for 2011 exclude South Sudan after July 9. Data for 2012 and onward pertain to the current Sudan.
3 Data are excluded from 2011 and onward due to the uncertain political situation.
4 Projections for Ukraine are excluded due to the ongoing crisis.

Commonwealth of Independent States

Armenia
Azerbaijan
Belarus
Georgia1
Kazakhstan
Kyrgyz Republic

Moldova
Russia
Tajikistan
Turkmenistan
Ukraine2
Uzbekistan

1Georgia, which is not a member of the Commonwealth of Independent States, is included in this group for reasons of geography and similarity in economic structure.
2Projections for Ukraine are excluded due to the ongoing crisis.

Emerging and Developing Asia

Bangladesh
Bhutan
Brunei Darussalam
Cambodia
China
Fiji
India
Indonesia
Kiribati
Lao P.D.R.
Malaysia
Maldives
Marshall Islands
Micronesia

Mongolia
Myanmar
Nepal
Palau
Papua New Guinea
Philippines
Samoa
Solomon Islands
Sri Lanka
Thailand
Timor-Leste
Tonga
Tuvalu
Vanuatu
Vietnam


ASEAN-5

Indonesia, Malaysia, Philippines, Thailand, and Vietnam


Emerging and Developing Europe

Albania
Bosnia and Herzegovina
Bulgaria
Croatia
Hungary
Kosovo

Lithuania
FYR Macedonia
Montenegro
Poland
Romania
Serbia
Turkey


Latin America and the Caribbean

Antigua and Barbuda
Argentina1
The Bahamas
Barbados
Belize
Bolivia
Brazil
Chile
Colombia
Costa Rica
Dominica

Dominican Republic
Ecuador
El Salvador
Grenada
Guatemala
Guyana
Haiti
Honduras
Jamaica
Mexico
Nicaragua

Panama
Paraguay
Peru
St. Kitts and Nevis
St. Lucia
St. Vincent and the Grenadines
Suriname
Trinidad and Tobago
Uruguay
Venezuela

1The consumer price projections for Argentina are excluded because of a structural break in the data. Please refer to note 6 in Table A7 for further details.

Middle East, North Africa, Afghanistan, and Pakistan

Afghanistan
Algeria
Bahrain
Djibouti
Egypt
Iran
Iraq
Jordan
Kuwait
Lebanon
Libya

Mauritania
Morocco
Oman
Pakistan
Qatar
Saudi Arabia
Sudan1
Syria2
Tunisia
United Arab Emirates
Yemen

1Data for 2011 exclude South Sudan after July 9. Data for 2012 and onward pertain to the current Sudan.
2Data are excluded from 2011 and onward due to the uncertain political situation.

Middle East and North Africa

Algeria
Bahrain
Djibouti
Egypt
Iran
Iraq
Jordan
Kuwait
Lebanon
Libya

Mauritania
Morocco
Oman
Qatar
Saudi Arabia
Sudan1
Syria2
Tunisia
United Arab Emirates
Yemen

1Data for 2011 exclude South Sudan after July 9. Data for 2012 and onward pertain to the current Sudan.
2Data are excluded from 2011 and onward due to the uncertain political situation.

Sub-Saharan Africa

Angola
Benin
Botswana
Burkina Faso
Burundi
Cameroon
Cabo Verde
Central African Republic
Chad
Comoros
Democratic Republic of the Congo
Republic of Congo
Côte d'Ivoire

Equatorial Guinea
Eritrea
Ethiopia
Gabon
The Gambia
Ghana
Guinea
Guinea-Bissau
Kenya
Lesotho
Liberia
Madagascar
Malawi
Mali
Mauritius
Mozambique

Namibia
Niger
Nigeria
Rwanda
São Tomé and Príncipe
Senegal
Seychelles
Sierra Leone
South Africa
South Sudan
Swaziland
Tanzania
Togo
Uganda
Zambia
Zimbabwe



WEO Aggregates

Composite data for country groups in the World Economic Outlook are either sums or weighted averages of data for individual countries. All historical and projected data are recalculated to reflect changes in country group composition in order to ensure that the economic indicators reflect changes in economic conditions and not changes in the country group composition. Arithmetically weighted averages are used for all data except inflation for the other emerging market and developing country group, for which geometric averages are used. The following conventions apply.

  • Country group composites for interest rates are weighted by GDP converted to U.S. dollars at market exchange rates (averaged over the preceding three years) as a share of group GDP.
  • Composites for other data relating to the domestic economy, whether growth rates or ratios, are weighted by GDP valued at purchasing power parities (PPPs) as a share of total world or group GDP. Annual inflation rates are simple percent change from previous years, except for other emerging market and developing countries where the rates are based on logarithmic differences (see the FAQ for more details).
  • Composites for data relating to the domestic economy for the euro area (17 member countries throughout the entire period unless otherwise noted) are aggregates of national source data using GDP weights. Annual data are not adjusted for calendar day effects. For data prior to 1999, data aggregation apply 1995 European Currency exchange rates.
  • Composite unemployment rates are weighted by labor force as a share of group labor force.
  • Composites relating to the external economy are sums of individual country data after conversion to U.S. dollars at the average market exchange rates in the years indicated for balance of payments data and at end-of-year market exchange rates for debt denominated in currencies other than U.S. dollars. Composites of changes in foreign trade volumes and prices, however, are arithmetic averages of percentage changes for individual countries weighted by the U.S. dollar value of exports or imports as a share of total world or group exports or imports (in the preceding year).
  • Composites for fiscal data are calculated as the sum of the U.S dollar values for the relevant individual countries.
  • Unless noted otherwise, group composites are computed if 90 percent or more of the share of group weights is represented.