World Economic Outlook Database, September 2011

Step 5 of 5 Select Countries Select Series Select Date Range View and Save Results Start New Query
 

5. Report for Selected Countries and Subjects

You will find notes on the data and options to download the table below your results.
       Shaded cells indicate IMF staff estimates
CountrySubject DescriptorUnitsScaleCountry/Series-specific Notes20072008200920102011
AustriaGeneral government total expenditureNational currencyBillionsSource: Ministry of Finance
Latest actual data: 2010
Fiscal assumptions: Projections assume compliance with the expenditure ceilings of the federal financial framework law for 2012-15.
Start/end months of reporting year: January/December
General government includes: Central Government;State Government;Local Government;Social Security Funds;
Valuation of public debt: Nominal value
Primary domestic currency: Euros
Data last updated: 08/2011133.172139.550145.294150.401155.723
BelgiumGeneral government total expenditureNational currencyBillionsSource: Central Bank
Latest actual data: 2010
Fiscal assumptions: IMF staff projections for 2011 and beyond are based on unchanged policies. The 2011 projections, however, include some of the measures included in the 2011 federal budget. For local governments, unchanged policies imply the continuation of their electoral cycle.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;State Government;Local Government;Social Security Funds;Other;
Valuation of public debt: Nominal value
Primary domestic currency: Euros
Data last updated: 08/2011162.122172.731183.241186.661196.346
CyprusGeneral government total expenditureNational currencyBillionsSource: Eurostat
Latest actual data: 2010
Fiscal assumptions: Projections are based on the latest budget documents, adjusted for staff's macroeconomic and other assumptions.
Start/end months of reporting year: January/December
GFS Manual used: ESA 95
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;Social Security Funds;
Valuation of public debt: Nominal value
Primary domestic currency: Euros
Data last updated: 09/20116.5767.2077.7548.1398.621
EstoniaGeneral government total expenditureNational currencyBillionsSource: Ministry of Finance
Latest actual data: 2009
Fiscal assumptions: The forecast, which is cash-, not accrual-, based, incorporates the authorities’ 2010 budget, adjusted for newly available information and for the staff’s macroeconomic scenario. Subsequently, the authorities’ commitment to undertake measures in 2011 to ensure compliance with the Maastricht deficit criterion, and in light of past strong performance, are incorporated. Thereafter, however, the forecast assumes both the reversal of most one-off measures and no further adjustment policies.
Start/end months of reporting year: January/December
GFS Manual used: No manual used
Basis of recording: Cash
General government includes: Central Government;Local Government;Social Security Funds;
Valuation of public debt: Nominal value
Primary domestic currency: Estonian krooni
Data last updated: 09/20115.6016.6906.5956.5966.893
FinlandGeneral government total expenditureNational currencyBillionsSource: Ministry of Finance. Ministry of Finance
Latest actual data: 2010
Fiscal assumptions: Based on announced policies by the authorities, adjusted for the Staff macroeconomic scenario.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;Social Security Funds;
Valuation of public debt: Nominal value
Primary domestic currency: Euros
Data last updated: 09/201184.90391.12196.30099.338103.193
FranceGeneral government total expenditureNational currencyBillionsSource: National Statistical Office
Latest actual data: 2010
Fiscal assumptions: Estimates for the general government in 2010 reflect the actual outturn. Projections for 2011 and beyond reflect the authorities’ 2011–14 multi-year budget, adjusted for differences in assumptions on macro and financial variables, and revenue projections.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;Social Security Funds;
Valuation of public debt: Nominal value
Primary domestic currency: Euros
Data last updated: 08/2011992.6191,030.0251,071.9071,094.4901,124.006
GermanyGeneral government total expenditureNational currencyBillionsSource: National Statistical Office. Data of general government gross debt comes from EUROSTAT
Latest actual data: 2010
Fiscal assumptions: The estimates for 2010 are preliminary estimates from the Federal Statistical Office of Germany. The IMF staff’s projections for 2011 and beyond reflect the authorities’ adopted core federal government budget plan adjusted for the differences in the IMF staff’s macro framework and staff assumptions on the fiscal developments in state and local governments, social insurance system and special funds. The estimate of gross debt at end-2010 includes portfolios of impaired assets and non-core business transferred to winding up institutions.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;State Government;Local Government;Social Security Funds;Other;. other refers to special funds
Valuation of public debt: Face value
Primary domestic currency: Euros
Data last updated: 09/20111,059.4401,085.6201,138.7101,163.7181,175.901
GreeceGeneral government total expenditureNational currencyBillionsSource: Ministry of Finance
Latest actual data: 2010. These data are still provisional.
Fiscal assumptions: Macroeconomic, monetary and fiscal projections for 2011 and the medium term are consistent with the policies agreed to between IMF staff and the authorities in the context of the Stand-By Arrangement. Fiscal projections assume a strong front-loaded fiscal adjustment, which already started in 2010, but will be followed through with further measures in 2011–15 in line with the Medium Term Fiscal Strategy. Growth is expected to bottom out in late 2010 and gradually rebound after that, coming into positive territory in 2012. Deposits outflows are expected to continue through 2012, and credit to contract as banks deleverage. The data include fiscal data revisions for 2006-2009. These revisions rectify a number of shortfalls with earlier statistics. First, government controlled enterprises where sales cover less than 50 percent of production costs have been reclassified into the general government sector, in line with Eurostat guidelines. A total of 17 such enterprises or entities were identified and included, including a number of large loss-making entities. The inclusion implies that the debt of these entities (7¼ percent of GDP) is now included in headline general government debt data, and their annual losses increase the annual deficit (to the extent their called guarantees were not already reflected). Second, the revisions reflect better information on arrears (including tax refund arrears, arrears on lump sum payments to retiring civil servant pensioners, and arrears to health sector suppliers), as well as corrections of social security balances on account of corrections of imputed interest payments, double counting of revenues, and other inaccuracies. Finally, new information on swaps also became available and further helps explain the upward revision in debt data.
Start/end months of reporting year: January/December
GFS Manual used: 1986
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;Social Security Funds;
Valuation of public debt: Current market value. Net debt data, including historical data, are provisional.
Primary domestic currency: Euros
Data last updated: 09/2011105.913117.622124.175113.887106.125
IrelandGeneral government total expenditureNational currencyBillionsSource: National Statistical Office
Latest actual data: 2010
Fiscal assumptions: The fiscal projections are based on the 2011 budget and the medium-term adjustment envisaged in the December 2010 EU/IMF-supported program, as modified by the May 2011 Jobs Initiative, which include a total of €15 billion in consolidation measures over 2011–14. The fiscal projections are adjusted for differences in macroeconomic projections between the IMF staff and the Irish authorities. A preliminary adjustment is also made for the reduction in interest rates on EU financing agreed on July 21 by the European Council (see the Alternative Scenario in Annex I of the IMF staff report for Ireland’s Third Review Under the Extended Arrangement).
Start/end months of reporting year: January/December
GFS Manual used: 2001. Data are provided with ESA 95 and mapped to GFS
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;Social Security Funds;Other;
Valuation of public debt: Nominal value
Primary domestic currency: Euros
Data last updated: 09/201167.71674.99276.828102.88070.661
ItalyGeneral government total expenditureNational currencyBillionsSource: National Statistical Office
Latest actual data: 2010
Fiscal assumptions: The fiscal projections incorporate the impact of the July 2010 fiscal adjustment measures for 2011–13 and July-August 2011 fiscal adjustment packages for 2011–14 (the August package is based on the government’s decree approved on August 13, 2011). The estimates for 2010 are the preliminary outturn data from the Italian National Institute of Statistics (Istat). The IMF staff projections are based on the authorities’ estimates of the policy scenario (as derived, in part, by the IMF staff), including the above-mentioned medium-term fiscal consolidation packages, and adjusted mainly for differences in macroeconomic assumptions and for less optimistic assumptions concerning the impact of revenue administration measures. After 2014, a gradually deteriorating cyclically-adjusted primary balance net of one-time items is assumed, with the primary surplus remaining below 5 percent of GDP.
GFS Manual used: 2001
General government includes: Central Government;Local Government;Social Security Funds;
Valuation of public debt: Nominal value
Primary domestic currency: Euros
Data last updated: 09/2011739.972765.491787.593782.470794.184
LuxembourgGeneral government total expenditureNational currencyBillionsSource: Ministry of Finance
Latest actual data: 2010
Fiscal assumptions: Projections for 2011 are based on the 2011 budget. Staff’s projection for the outlook currently assumes that the authorities will meet their fiscal targets.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;Social Security Funds;
Valuation of public debt: Nominal value
Primary domestic currency: Euros
Data last updated: 08/201113.56314.61616.06417.15617.778
MaltaGeneral government total expenditureNational currencyBillionsSource: Eurostat
Latest actual data: 2009
Fiscal assumptions: Projections are based on the latest Stability Programme Update by the authorities and budget documents, adjusted for staff's macroeconomic and other assumptions.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;State Government;Social Security Funds;
Valuation of public debt: Nominal value
Primary domestic currency: Euro
Data last updated: 08/20112.3242.5732.5262.6662.719
NetherlandsGeneral government total expenditureNational currencyBillionsSource: Ministry of Finance
Latest actual data: 2010
Fiscal assumptions: Fiscal projections for the period 2011–16 are based on the authorities’ Bureau for Economic Policy Analysis budget projections, after adjusting for differences in macroeconomic assumptions. For 2016, the projection assumes fiscal consolidation continues at the same pace as for 2015.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;Social Security Funds;
Valuation of public debt: Nominal value
Primary domestic currency: Euros
Data last updated: 08/2011256.918272.610289.258295.414300.691
PortugalGeneral government total expenditureNational currencyBillionsSource: Eurostat since 1995
Latest actual data: 2009
Fiscal assumptions: 2011 and medium term fiscal projections reflect the authorities’ commitments under the EU/IMF supported program.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;State Government;Social Security Funds;
Valuation of public debt: Nominal value
Primary domestic currency: Euros
Data last updated: 08/201175.00676.77884.00687.44682.263
Slovak RepublicGeneral government total expenditureNational currencyBillionsSource: Haver Analytics
Latest actual data: 2010
Start/end months of reporting year: January/December
GFS Manual used: ESA 95
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;Social Security Funds;
Valuation of public debt: Face value
Primary domestic currency: Euros
Data last updated: 08/201121.12823.42826.18927.02226.385
SloveniaGeneral government total expenditureNational currencyBillionsSource: Ministry of Finance
Latest actual data: 2010
Start/end months of reporting year: January/December
GFS Manual used: 1986
Basis of recording: Cash
General government includes: Central Government;State Government;Local Government;Social Security Funds;
Valuation of public debt: Face value
Primary domestic currency: Euros
Data last updated: 09/201113.91515.44216.36816.69317.344
SpainGeneral government total expenditureNational currencyBillionsSource: Ministry of Finance. Eurostat
Latest actual data: 2010. Preliminary
Fiscal assumptions: The 2010 numbers are the authorities' estimated outturns for the general government for the year. For 2011 and beyond, the projections are based on the 2011 budget, new measures implemented during the course of 2011 and the authorities’ medium-term plan,  adjusted for the IMF staff’s macroeconomic projections.
Start/end months of reporting year: January/December
GFS Manual used: ESA95, consistent with Eurostat dataset
Basis of recording: Noncash (accrual)
General government includes: Central Government;State Government;Local Government;Social Security Funds;
Valuation of public debt: Nominal value
Primary domestic currency: Euros
Data last updated: 08/2011412.800449.200482.700477.700466.900
Notes
  Country/Series-specific Notes  
  Austria: General government total expenditure (National currency)
Source: Ministry of Finance
Latest actual data: 2010
Fiscal assumptions: Projections assume compliance with the expenditure ceilings of the federal financial framework law for 2012-15.
Start/end months of reporting year: January/December
General government includes: Central Government;State Government;Local Government;Social Security Funds;
Valuation of public debt: Nominal value
Primary domestic currency: Euros
Data last updated: 08/2011


Belgium: General government total expenditure (National currency)
Source: Central Bank
Latest actual data: 2010
Fiscal assumptions: IMF staff projections for 2011 and beyond are based on unchanged policies. The 2011 projections, however, include some of the measures included in the 2011 federal budget. For local governments, unchanged policies imply the continuation of their electoral cycle.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;State Government;Local Government;Social Security Funds;Other;
Valuation of public debt: Nominal value
Primary domestic currency: Euros
Data last updated: 08/2011


Cyprus: General government total expenditure (National currency)
Source: Eurostat
Latest actual data: 2010
Fiscal assumptions: Projections are based on the latest budget documents, adjusted for staff's macroeconomic and other assumptions.
Start/end months of reporting year: January/December
GFS Manual used: ESA 95
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;Social Security Funds;
Valuation of public debt: Nominal value
Primary domestic currency: Euros
Data last updated: 09/2011


Estonia: General government total expenditure (National currency)
Source: Ministry of Finance
Latest actual data: 2009
Fiscal assumptions: The forecast, which is cash-, not accrual-, based, incorporates the authorities’ 2010 budget, adjusted for newly available information and for the staff’s macroeconomic scenario. Subsequently, the authorities’ commitment to undertake measures in 2011 to ensure compliance with the Maastricht deficit criterion, and in light of past strong performance, are incorporated. Thereafter, however, the forecast assumes both the reversal of most one-off measures and no further adjustment policies.
Start/end months of reporting year: January/December
GFS Manual used: No manual used
Basis of recording: Cash
General government includes: Central Government;Local Government;Social Security Funds;
Valuation of public debt: Nominal value
Primary domestic currency: Estonian krooni
Data last updated: 09/2011


Finland: General government total expenditure (National currency)
Source: Ministry of Finance. Ministry of Finance
Latest actual data: 2010
Fiscal assumptions: Based on announced policies by the authorities, adjusted for the Staff macroeconomic scenario.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;Social Security Funds;
Valuation of public debt: Nominal value
Primary domestic currency: Euros
Data last updated: 09/2011


France: General government total expenditure (National currency)
Source: National Statistical Office
Latest actual data: 2010
Fiscal assumptions: Estimates for the general government in 2010 reflect the actual outturn. Projections for 2011 and beyond reflect the authorities’ 2011–14 multi-year budget, adjusted for differences in assumptions on macro and financial variables, and revenue projections.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;Social Security Funds;
Valuation of public debt: Nominal value
Primary domestic currency: Euros
Data last updated: 08/2011


Germany: General government total expenditure (National currency)
Source: National Statistical Office. Data of general government gross debt comes from EUROSTAT
Latest actual data: 2010
Fiscal assumptions: The estimates for 2010 are preliminary estimates from the Federal Statistical Office of Germany. The IMF staff’s projections for 2011 and beyond reflect the authorities’ adopted core federal government budget plan adjusted for the differences in the IMF staff’s macro framework and staff assumptions on the fiscal developments in state and local governments, social insurance system and special funds. The estimate of gross debt at end-2010 includes portfolios of impaired assets and non-core business transferred to winding up institutions.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;State Government;Local Government;Social Security Funds;Other;. other refers to special funds
Valuation of public debt: Face value
Primary domestic currency: Euros
Data last updated: 09/2011


Greece: General government total expenditure (National currency)
Source: Ministry of Finance
Latest actual data: 2010. These data are still provisional.
Fiscal assumptions: Macroeconomic, monetary and fiscal projections for 2011 and the medium term are consistent with the policies agreed to between IMF staff and the authorities in the context of the Stand-By Arrangement. Fiscal projections assume a strong front-loaded fiscal adjustment, which already started in 2010, but will be followed through with further measures in 2011–15 in line with the Medium Term Fiscal Strategy. Growth is expected to bottom out in late 2010 and gradually rebound after that, coming into positive territory in 2012. Deposits outflows are expected to continue through 2012, and credit to contract as banks deleverage. The data include fiscal data revisions for 2006-2009. These revisions rectify a number of shortfalls with earlier statistics. First, government controlled enterprises where sales cover less than 50 percent of production costs have been reclassified into the general government sector, in line with Eurostat guidelines. A total of 17 such enterprises or entities were identified and included, including a number of large loss-making entities. The inclusion implies that the debt of these entities (7¼ percent of GDP) is now included in headline general government debt data, and their annual losses increase the annual deficit (to the extent their called guarantees were not already reflected). Second, the revisions reflect better information on arrears (including tax refund arrears, arrears on lump sum payments to retiring civil servant pensioners, and arrears to health sector suppliers), as well as corrections of social security balances on account of corrections of imputed interest payments, double counting of revenues, and other inaccuracies. Finally, new information on swaps also became available and further helps explain the upward revision in debt data.
Start/end months of reporting year: January/December
GFS Manual used: 1986
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;Social Security Funds;
Valuation of public debt: Current market value. Net debt data, including historical data, are provisional.
Primary domestic currency: Euros
Data last updated: 09/2011


Ireland: General government total expenditure (National currency)
Source: National Statistical Office
Latest actual data: 2010
Fiscal assumptions: The fiscal projections are based on the 2011 budget and the medium-term adjustment envisaged in the December 2010 EU/IMF-supported program, as modified by the May 2011 Jobs Initiative, which include a total of €15 billion in consolidation measures over 2011–14. The fiscal projections are adjusted for differences in macroeconomic projections between the IMF staff and the Irish authorities. A preliminary adjustment is also made for the reduction in interest rates on EU financing agreed on July 21 by the European Council (see the Alternative Scenario in Annex I of the IMF staff report for Ireland’s Third Review Under the Extended Arrangement).
Start/end months of reporting year: January/December
GFS Manual used: 2001. Data are provided with ESA 95 and mapped to GFS
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;Social Security Funds;Other;
Valuation of public debt: Nominal value
Primary domestic currency: Euros
Data last updated: 09/2011


Italy: General government total expenditure (National currency)
Source: National Statistical Office
Latest actual data: 2010
Fiscal assumptions: The fiscal projections incorporate the impact of the July 2010 fiscal adjustment measures for 2011–13 and July-August 2011 fiscal adjustment packages for 2011–14 (the August package is based on the government’s decree approved on August 13, 2011). The estimates for 2010 are the preliminary outturn data from the Italian National Institute of Statistics (Istat). The IMF staff projections are based on the authorities’ estimates of the policy scenario (as derived, in part, by the IMF staff), including the above-mentioned medium-term fiscal consolidation packages, and adjusted mainly for differences in macroeconomic assumptions and for less optimistic assumptions concerning the impact of revenue administration measures. After 2014, a gradually deteriorating cyclically-adjusted primary balance net of one-time items is assumed, with the primary surplus remaining below 5 percent of GDP.
GFS Manual used: 2001
General government includes: Central Government;Local Government;Social Security Funds;
Valuation of public debt: Nominal value
Primary domestic currency: Euros
Data last updated: 09/2011


Luxembourg: General government total expenditure (National currency)
Source: Ministry of Finance
Latest actual data: 2010
Fiscal assumptions: Projections for 2011 are based on the 2011 budget. Staff’s projection for the outlook currently assumes that the authorities will meet their fiscal targets.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;Social Security Funds;
Valuation of public debt: Nominal value
Primary domestic currency: Euros
Data last updated: 08/2011


Malta: General government total expenditure (National currency)
Source: Eurostat
Latest actual data: 2009
Fiscal assumptions: Projections are based on the latest Stability Programme Update by the authorities and budget documents, adjusted for staff's macroeconomic and other assumptions.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;State Government;Social Security Funds;
Valuation of public debt: Nominal value
Primary domestic currency: Euro
Data last updated: 08/2011


Netherlands: General government total expenditure (National currency)
Source: Ministry of Finance
Latest actual data: 2010
Fiscal assumptions: Fiscal projections for the period 2011–16 are based on the authorities’ Bureau for Economic Policy Analysis budget projections, after adjusting for differences in macroeconomic assumptions. For 2016, the projection assumes fiscal consolidation continues at the same pace as for 2015.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;Social Security Funds;
Valuation of public debt: Nominal value
Primary domestic currency: Euros
Data last updated: 08/2011


Portugal: General government total expenditure (National currency)
Source: Eurostat since 1995
Latest actual data: 2009
Fiscal assumptions: 2011 and medium term fiscal projections reflect the authorities’ commitments under the EU/IMF supported program.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;State Government;Social Security Funds;
Valuation of public debt: Nominal value
Primary domestic currency: Euros
Data last updated: 08/2011


Slovak Republic: General government total expenditure (National currency)
Source: Haver Analytics
Latest actual data: 2010
Start/end months of reporting year: January/December
GFS Manual used: ESA 95
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;Social Security Funds;
Valuation of public debt: Face value
Primary domestic currency: Euros
Data last updated: 08/2011


Slovenia: General government total expenditure (National currency)
Source: Ministry of Finance
Latest actual data: 2010
Start/end months of reporting year: January/December
GFS Manual used: 1986
Basis of recording: Cash
General government includes: Central Government;State Government;Local Government;Social Security Funds;
Valuation of public debt: Face value
Primary domestic currency: Euros
Data last updated: 09/2011


Spain: General government total expenditure (National currency)
Source: Ministry of Finance. Eurostat
Latest actual data: 2010. Preliminary
Fiscal assumptions: The 2010 numbers are the authorities' estimated outturns for the general government for the year. For 2011 and beyond, the projections are based on the 2011 budget, new measures implemented during the course of 2011 and the authorities’ medium-term plan, adjusted for the IMF staff’s macroeconomic projections.
Start/end months of reporting year: January/December
GFS Manual used: ESA95, consistent with Eurostat dataset
Basis of recording: Noncash (accrual)
General government includes: Central Government;State Government;Local Government;Social Security Funds;
Valuation of public debt: Nominal value
Primary domestic currency: Euros
Data last updated: 08/2011


 
  Download  
  The downloads are presented in Tab Delimited Values format which is compatible with most statistical packages and Excel.  
 
Download
Your WEO Report
 
  Start New Query