Select Committee on European Union Eighteenth Report


APPENDIX 3 (continued)

Table 2.3 Cyclically adjusted net lending (+) or net borrowing (-) (percentage of GDP)

  
Former definitions
ESA95 definitions
  
1980
1985
1989
1990
1991
1992
1993
1994
1995
1995
1996
1997
1998
1999
2000
Belgium
-10.5
-7.5
-7.3
-7.0
-7.7
-8.2
-6.1
-4.3
-3.6
-3.8
-2.5
-1.6
-0.7
-0.3
-0.5
Germany
-4.0
-0.2
0.4
-3.3
-5.2
-4.6
-3.8
-3.0
-3.6
-3.5
-3.0
-2.0
-1.2
-0.3
-0.7
Spain
-2.3
-4.9
-4.9
-5.8
-5.8
-4.8
-6.1
-5.4
-6.3
-6.2
-4.1
-2.6
-2.3
-1.1
-0.8
France
-0.4
-1.8
-2.3
-2.9
-3.0
-4.7
-5.2
-5.3
-4.4
-5.1
-3.3
-2.1
-2.1
-1.3
-1.6
Ireland
-12.6
-10.2
-1.8
-3.4
-2.3
-1.7
-0.5
0.5
-1.2
-1.5
0.1
0.3
1.2
0.8
0.5
Italy
-9.6
-12.0
-10.7
-11.9
-10.7
-9.8
-8.6
-8.5
-7.6
-7.6
-6.8
-2.5
-2.5
-1.4
-1.3
Luxembourg
-0.6
8.5
-
-
-
-
-
-
-
2.0
3.9
3.6
3.4
2.6
2.5
Netherlands
-5.2
-2.7
-5.3
-6.7
-4.3
-4.7
-2.4
-3.2
-2.9
-3.2
-0.9
-0.7
-0.6
0.7
0.6
Austria
-2.1
-1.9
-2.8
-2.9
-3.8
-2.5
-4.2
-5.0
-5.0
-5.0
-3.7
-1.5
-2.2
-1.7
-1.7
Portugal
-9.4
-8.6
-3.3
-6.3
-7.0
-3.9
-5.7
-5.4
-5.1
-0.4
-3.4
-2.3
-2.0
-1.8
-1.5
Finland
3.1
2.7
0.8
0.6
-1.2
-2.1
-2.4
-1.9
-1.9
-0.6
-0.8
-1.2
0.6
1.9
3.3
EU-11
-4.2
-4.0
-3.8
-5.5
-5.8
-5.7
-5.1
-4.8
-4.6
-4.7
-3.7
-2.0
-1.7
-0.7
-0.9
UK
-3.0
-2.3
-0.9
-2.1
-1.9
-4.8
-6.6
-6.4
-5.2
-5.6
-4.2
-2.3
0.2
1.4
0.7
US
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Japan
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-

Source: European Commission,- Public Finances in EMU-2000



 
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