World Economic Outlook Database, October 2012

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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 Notes20102011201220132014201520162017
CanadaGross domestic product, constant pricesPercent change See notes for: 
Gross domestic product, constant prices (National currency).3.2152.4061.9361.9682.3662.4442.4252.348
CanadaGeneral government net debtNational currencyBillionsSource: Haver Analytics. The source for gross and net debt is OECD.
Latest actual data: 2011
Notes: Fiscal data are on a calendar year basis.
Fiscal assumptions: Projections use the baseline forecasts in the Economic Action Plan 2012, Jobs, Growth, and Long-Term Prosperity, March 29, 2012 (the fiscal year 2012/13 budget). The IMF staff makes some adjustments to this forecast for differences in macroeconomic projections. The IMF staff forecast also incorporates the most recent data releases from Statistics Canada’s Canadian System of National Economic Accounts, including federal, provincial, and territorial budgetary outturns through the end of the second quarter of 2012.
Start/end months of reporting year: January/December
GFS Manual used: 2001. Comment: Preliminary data: based on quarterly data.
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;Nonfinancial Public Corporation;Social Security Funds;State Government;
Valuation of public debt: Nominal value
Primary domestic currency: Canadian dollars
Data last updated: 09/2012494.633569.580637.082692.927735.824764.352784.433800.766
CanadaGeneral government net debtPercent of GDP See notes for: 
General government net debt (National currency).30.44633.10135.84737.47438.08137.83337.14536.303
United KingdomGross domestic product, constant pricesPercent change See notes for: 
Gross domestic product, constant prices (National currency).1.7990.758-0.3801.1152.1832.5762.5542.708
United KingdomGeneral government net debtNational currencyBillionsSource: National Statistical Office
Latest actual data: 2011
Notes: General government variables exclude the effects of temporary effect of financial interventions.
Fiscal assumptions: Fiscal projections are based on the authorities’ 2012 budget announced in March 2012 and the Economic and Fiscal Outlook by the Office for Budget Responsibility published along with the budget. These projections incorporate the announced medium-term consolidation plans from 2012 onward. The authorities’ projections are adjusted for differences between the IMF staff’s forecasts of macroeconomic and financial variables (such as GDP growth) and the forecasts of these variables assumed in the authorities’ fiscal projections. IMF staff projections also exclude the temporary effects of financial sector interventions and the effect on public sector net investment in 2012–13 of transferring assets from the Royal Mail Pension Plan to the public sector.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;
Valuation of public debt: Nominal value
Primary domestic currency: Sterling pounds
Data last updated: 09/20121,040.6831,160.7481,295.5911,418.0151,528.8301,618.9701,687.5551,736.524
United KingdomGeneral government net debtPercent of GDP See notes for: 
General government net debt (National currency).70.96076.55983.70188.22890.92091.49190.73688.656
United StatesGross domestic product, constant pricesPercent change See notes for: 
Gross domestic product, constant prices (National currency).2.3911.8082.1702.1162.9373.3573.4103.329
United StatesGeneral government net debtNational currencyBillionsSource: BEA and IMF's Government Finance Statistics Yearbook (revenue, expenditure, and net lending); Flow of Funds (debt)
Latest actual data: 2010
Notes: Revenue, expenditure, and net lending data are compiled according to the GFSM2001 methodology. Due to data limitations, most series begin 2001.
Fiscal assumptions: Fiscal projections are based on the March 2012 Congressional Budget Office baseline, adjusted for the IMF staff’s policy and macroeconomic assumptions. The key near-term policy assumptions include an extension of all the Bush tax cuts and emergency unemployment benefits into 2013 and replacement of automatic spending cuts (“sequestration”) with back-loaded consolidation measures. Over the medium term, the IMF staff assumes that Congress will continue to make regular adjustments to the Alternative Minimum Tax parameters and Medicare payments (“Doc Fix”) and will extend certain traditional programs (such as the research and development tax credit). It is assumed that the Bush tax cuts for the middle class will be extended permanently, but those for high-income taxpayers will be allowed to expire in 2014 (one year later than planned by the administration). The fiscal projections are adjusted to reflect the IMF staff’s forecasts of key macroeconomic and financial variables and different accounting treatment of the financial sector support and are converted to the general government basis.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;State Government;
Valuation of public debt: Nominal value
Primary domestic currency: U.S. dollars
Data last updated: 09/201210,613.06912,103.35913,113.44114,199.47115,098.61315,910.03116,773.34017,660.381
United StatesGeneral government net debtPercent of GDP See notes for: 
General government net debt (National currency).73.19980.28483.77487.66289.27589.54189.61589.441
Notes
  Country/Series-specific Notes  
  Canada: Gross domestic product, constant prices (Percent change)
See notes for:
Gross domestic product, constant prices (National currency).


Canada: General government net debt (National currency)
Source: Haver Analytics. The source for gross and net debt is OECD.
Latest actual data: 2011
Notes: Fiscal data are on a calendar year basis.
Fiscal assumptions: Projections use the baseline forecasts in the Economic Action Plan 2012, Jobs, Growth, and Long-Term Prosperity, March 29, 2012 (the fiscal year 2012/13 budget). The IMF staff makes some adjustments to this forecast for differences in macroeconomic projections. The IMF staff forecast also incorporates the most recent data releases from Statistics Canada’s Canadian System of National Economic Accounts, including federal, provincial, and territorial budgetary outturns through the end of the second quarter of 2012.
Start/end months of reporting year: January/December
GFS Manual used: 2001. Comment: Preliminary data: based on quarterly data.
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;Nonfinancial Public Corporation;Social Security Funds;State Government;
Valuation of public debt: Nominal value
Primary domestic currency: Canadian dollars
Data last updated: 09/2012


Canada: General government net debt (Percent of GDP)
See notes for:
General government net debt (National currency).


United Kingdom: Gross domestic product, constant prices (Percent change)
See notes for:
Gross domestic product, constant prices (National currency).


United Kingdom: General government net debt (National currency)
Source: National Statistical Office
Latest actual data: 2011
Notes: General government variables exclude the effects of temporary effect of financial interventions.
Fiscal assumptions: Fiscal projections are based on the authorities’ 2012 budget announced in March 2012 and the Economic and Fiscal Outlook by the Office for Budget Responsibility published along with the budget. These projections incorporate the announced medium-term consolidation plans from 2012 onward. The authorities’ projections are adjusted for differences between the IMF staff’s forecasts of macroeconomic and financial variables (such as GDP growth) and the forecasts of these variables assumed in the authorities’ fiscal projections. IMF staff projections also exclude the temporary effects of financial sector interventions and the effect on public sector net investment in 2012–13 of transferring assets from the Royal Mail Pension Plan to the public sector.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;
Valuation of public debt: Nominal value
Primary domestic currency: Sterling pounds
Data last updated: 09/2012


United Kingdom: General government net debt (Percent of GDP)
See notes for:
General government net debt (National currency).


United States: Gross domestic product, constant prices (Percent change)
See notes for:
Gross domestic product, constant prices (National currency).


United States: General government net debt (National currency)
Source: BEA and IMF's Government Finance Statistics Yearbook (revenue, expenditure, and net lending); Flow of Funds (debt)
Latest actual data: 2010
Notes: Revenue, expenditure, and net lending data are compiled according to the GFSM2001 methodology. Due to data limitations, most series begin 2001.
Fiscal assumptions: Fiscal projections are based on the March 2012 Congressional Budget Office baseline, adjusted for the IMF staff’s policy and macroeconomic assumptions. The key near-term policy assumptions include an extension of all the Bush tax cuts and emergency unemployment benefits into 2013 and replacement of automatic spending cuts (“sequestration”) with back-loaded consolidation measures. Over the medium term, the IMF staff assumes that Congress will continue to make regular adjustments to the Alternative Minimum Tax parameters and Medicare payments (“Doc Fix”) and will extend certain traditional programs (such as the research and development tax credit). It is assumed that the Bush tax cuts for the middle class will be extended permanently, but those for high-income taxpayers will be allowed to expire in 2014 (one year later than planned by the administration). The fiscal projections are adjusted to reflect the IMF staff’s forecasts of key macroeconomic and financial variables and different accounting treatment of the financial sector support and are converted to the general government basis.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;State Government;
Valuation of public debt: Nominal value
Primary domestic currency: U.S. dollars
Data last updated: 09/2012


United States: General government net debt (Percent of GDP)
See notes for:
General government net debt (National currency).


 
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