Private consumption Government consumption Gross fixed capital formation Exports ( goods and services ) Imports ( goods and services ) 1 )

Private consumption Government consumption Gross fixed capital formation Exports ( goods and services ) Imports ( goods and services ) 1 )

Real GDP Private consumption Government consumption Gross fixed capital formation Exports ( goods and services ) Imports ( goods and services )

Sources Eurostat ( current account plus capital account , exports and imports of goods and services , 1990 97 , intra EU exports and imports ) , national data ( exports and imports of goods and services , current account , 1998 99 , foreign assets and liabilities ) and ECB calculations .

HICP Real GDP Private consumption Government consumption Gross fixed capital formation Exports ( goods and services ) Imports ( goods and services )

Real GDP Private consumption Government consumption Gross fixed capital formation Exports ( goods and services ) Imports ( goods and services )

Sources European Commission , Eurostat ( current account plus capital account , exports and imports of goods and services , 1990 96 , and intra EU exports and imports )

4 ) Exports and imports cover goods and services and include internal cross border trade in the euro area .

2007 HICP Real GDP Private consumption Government consumption Gross fixed capital formation Exports ( goods and services ) Imports ( goods and services ) 2.1 2.7 1.6 2.1 4.7 5.7 5.2

2008 HICP Real GDP Private consumption Government consumption Gross fixed capital formation Exports ( goods and services ) Imports ( goods and services ) 3.3 0.8 0.5 2.1 0.3 1.8 1.8

2006 HICP Real GDP Private consumption Government consumption Gross fixed capital formation Exports ( goods and services ) Imports ( goods and services ) 2.2 2.9 1.9 1.9 5.2 8.2 7.9

2007 HICP Real GDP Private consumption Government consumption Gross fixed capital formation Exports ( goods and services ) Imports ( goods and services ) 2.1 2.6 1.6 2.3 4.2 5.9 5.4

2009 HICP Real GDP Private consumption Government consumption Gross fixed capital formation Exports ( goods and services ) Imports ( goods and services ) 0.3 4.1 1.2 2.6 10.8 13.2 12.0

2006 HICP Real GDP Private consumption Government consumption Gross fixed capital formation Exports ( goods and services ) Imports ( goods and services ) 2.2 2.8 2.0 2.3 4.9 8.3 7.9

2006 HICP Real GDP Private consumption Government consumption Gross fixed capital formation Exports ( goods and services ) Imports ( goods and services ) 2.2 2.9 1.8 2.0 5.1 8.5 8.0

5 ) Exports and imports cover goods and services and include internal cross border trade in the euro area .

5 ) Exports and imports cover goods and services and include internal cross border trade within the euro area .

ECB Annual Report 2004 the global economic environment developments in the euro area .

exports ( f.o.b. )

Extra euro area export volume , foreign demand and export share ( index 1995 100 )

As a result, the country, after 12 years, has achieved a positive balance in the accounts which measure exports imports, plus interest payments, services and overseas payment.

As a result , the growth of exports of goods and services recovered strongly and outpaced the growth of imports in the second and third quarters of last year .

On the exports side , both export prices and export volumes contributed to the growth in export values of goods in 2005 .

national data ( current account plus capital account , exports and imports of goods and services , 1997 99 , and foreign assets and liabilities ) and ECB calculations .

real GDP growth declined in all euro area countries , except Finland . The weakness seen in 2002 implied low annual average real GDP growth rates in several countries .

The export share is derived by dividing the extra euro area export volume by foreign demand . Comparing recent developments in intra euro area and extra euro area trade volumes with the Asian crisis The seasonally adjusted volume of both extra euro area and intra euro area imports of goods grew strongly from the beginning of 1997 until mid 2000 , while that of extra euro area exports declined in the second half of 1998 before recovering strongly in 1999 .

On a more positive note , the euro area appears to have benefited from oil revenue recycling via increased demand from oil exporting countries compensating for some of the wealth transfer resulting from higher import prices . On the exports side , increases in both export prices and export volumes contributed to the growth in export values in 2006 .

Imports and exports of services , by contrast , grew more strongly in 2007 than in 2006 , partly counterbalancing the weaker growth in goods trade .

Extra euro area export and import volumes and intra euro area export volume ( index 1995 100

The city is an example of diversity and plurality.

After some initial

)Imports 1.419 billion f.o.b.

In terms of products , exports of capital goods registered the strongest growth , while exports of consumer goods were more subdued .

However , Notes The changes in export market shares are calculated as the difference between the annual growth rate of exports and foreign to some extent they may also reflect the export demand ( where foreign demand is defined as a country specific export weighted sum of foreign import volumes of goods and specialisation of the euro area . In particular , services ) .

( ii ) the Member State of actual export , for exports

Dominica has also had some success in increasing its manufactured exports, primarily soap.

excluding intra euro area exports .

Personal , cultural , and recreational services Audiovisual and related services Other personal , cultural , and recreational services Education services Health services Other Government services , n.i.e. Embassies and consulates Military units and agencies Other government services Memorandum items Audiovisual transactions Postal services Courier services

Euro area trade in goods and services increased substantially Volumes of both exports and imports of goods and services including intra euro area trade increased very rapidly last year .

Euro area exports also benefited from the recycling of oil export revenues by oil exporting countries ( see Box 8 ) .

Trade in goods of the euro area ( exports ( f.o.b. )

Annual rates1 ) 1998 1999 2000 1999 Q4 Real gross domestic product of which Domestic demand Private consumption Government consumption Gross fixed capital formation Changes in inventories 3 ) , 4 ) Net exports 3 ) Exports 5 ) Imports 5 ) Real gross value added Agriculture and fishing 6 ) Industry Services 2.8 3.4 3.1 1.0 4.8 0.4 0.5 7.0 9.5 2.5 3.1 2.8 1.6 5.3 0.0 0.5 4.7 6.7 3.4 2.8 2.6 1.6 4.6 0.0 0.6 11.7 10.4 3.3 2.9 2.7 1.6 5.5 0.1 0.4 10.0 9.1

China s exports to the Middle East are already more than twice those of the US.

export volume foreign demand export share 150 140 130 120 110 100 1998 1999 2000 2001 90

Exports of goods grew primarily as a result of increasing export volumes related to strong foreign demand and the improving price competitiveness of the euro area .