| Global Conditions | 2006 | 2007e | 2008f | 2009f | 2010f | | World Trade Volume | 9.7 | 7.5 | 4.5 | 7.2 | 8.4 | | Consumer Prices | | | | | | | G-7 Countries a,b | 2.0 | 1.9 | 2.6 | 1.8 | 2.0 | | United States | 3.2 | 2.9 | 3.9 | 2.3 | 2.5 | | Commodity Prices (expressed in US$) | | | | | | | Non-oil commodities | 29.1 | 17.0 | 24.1 | -8.2 | -9.0 | | Oil Price (US$ per barrel) c | 64.3 | 71.1 | 108.1 | 105.5 | 98.5 | | Oil Price (percent change) | 20.4 | 10.6 | 52.1 | -2.4 | -6.7 | | Manufactures unit export value d | 1.6 | 3.9 | 6.8 | 0.7 | 1.4 | | Interest Rates | | | | | | | $, 6-month (percent) | 5.2 | 5.2 | 3.0 | 3.8 | 4.5 | | €, 6-month (percent) | 3.1 | 4.4 | 4.5 | 4.0 | 4.5 | | . | | | | | | | Real GDP Growth e | 2006 | 2007e | 2008f | 2009f | 2010f | | World | 4.0 | 3.7 | 2.7 | 3.0 | 3.4 | | Memo item: World (PPP weights) f | 5.4 | 5.4 | 4.3 | 4.5 | 4.8 | | . | | | | | | | High Income | 3.0 | 2.6 | 1.6 | 2.0 | 2.5 | | OECD Countries | 2.9 | 2.5 | 1.5 | 1.8 | 2.3 | | Euro Area | 2.8 | 2.6 | 1.7 | 1.5 | 1.9 | | Japan | 2.4 | 2.0 | 1.4 | 1.6 | 2.1 | | United States | 2.9 | 2.2 | 1.1 | 1.9 | 2.5 | | Non-OECD Countries | 5.7 | 5.5 | 4.8 | 4.8 | 5.0 | | . | | | | | | | Developing Countries | 7.6 | 7.8 | 6.5 | 6.4 | 6.4 | | East Asia and Pacific | 9.7 | 10.5 | 8.6 | 8.5 | 8.4 | | China | 11.1 | 11.9 | 9.4 | 9.2 | 9.0 | | Indonesia | 5.5 | 6.3 | 6.0 | 6.4 | 6.5 | | Thailand | 5.1 | 4.8 | 5.0 | 5.4 | 5.5 | | Europe and Central Asia | 7.3 | 6.8 | 5.8 | 5.4 | 5.4 | | Russia | 7.4 | 8.1 | 7.1 | 6.3 | 6.0 | | Turkey | 6.9 | 4.5 | 4.0 | 4.3 | 5.0 | | Poland | 6.1 | 6.5 | 5.7 | 5.1 | 5.0 | | Latin America and the Caribbean | 5.6 | 5.7 | 4.5 | 4.3 | 4.2 | | Brazil | 3.8 | 5.4 | 4.6 | 4.4 | 4.5 | | Mexico | 4.8 | 3.3 | 2.7 | 3.5 | 3.6 | | Argentina | 8.5 | 8.7 | 6.9 | 5.0 | 4.5 | | Middle East and North Africa | 5.4 | 5.7 | 5.5 | 5.3 | 5.1 | | Egypt | 6.8 | 7.1 | 7.0 | 6.8 | 6.5 | | Iran | 5.9 | 7.6 | 5.7 | 5.2 | 4.5 | | Algeria | 1.8 | 3.0 | 3.5 | 3.5 | 4.0 | | South Asia | 9.0 | 8.2 | 6.6 | 7.2 | 7.6 | | India | 9.7 | 8.7 | 7.0 | 7.5 | 8.0 | | Pakistan | 6.9 | 6.4 | 5.0 | 5.5 | 6.0 | | Bangladesh | 6.6 | 6.4 | 5.7 | 6.5 | 6.6 | | Sub-Saharan Africa | 5.8 | 6.1 | 6.3 | 5.6 | 5.9 | | South Africa | 5.4 | 5.1 | 4.2 | 4.4 | 4.8 | | Nigeria | 6.0 | 6.1 | 7.9 | 7.2 | 6.6 | | Kenya | 6.1 | 6.3 | 5.0 | 5.7 | 5.9 | | . | | | | | | | Memorandum Items | 2006 | 2007e | 2008f | 2009f | 2010f | | Developing Countries | | | | | | | excluding transition countries | 7.6 | 7.9 | 6.5 | 6.5 | 6.5 | | excluding China and India | 6.0 | 6.1 | 5.2 | 5.0 | 5.0 |
Source: World Bank.
a Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States.
b In local currency, aggregated using 2000 GDP Weights.
c Simple average of Dubai, Brent, and West Texas Intermediate.
d Unit value index of manufactured exports from major economies, expressed in U.S. dollars.
e GDP in 2000 constant dollars; 2000 prices and market exchange rates.
f GDP measured at 2000 PPP weights.
Note: PPP = purchasing power parity; e = estimate; f = forecast. 
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