World Economic and Financial Surveys

World Economic Outlook

Database—WEO Groups and Aggregates Information

October 2016

Country Information

(PDF File)

Country Composition of WEO Groups

The country classification in the World Economic Outlook divides the world into two major groups: advanced economies and emerging and developing economies. Please refer to the introduction to the WEO's Statistical Appendix for details. This classification is not based on strict criteria, economic or otherwise, but instead has evolved over time with the objective of facilitating analysis by providing a reasonably meaningful organization of the data.

Some countries remain outside the country classification and therefore are not included in the analysis. Anguilla, Cuba, the Democratic People’s Republic of Korea, and Montserrat are examples of countries that are not IMF members, and their economies therefore are not monitored by the IMF. Somalia is omitted from the emerging market and developing economies group composites because of data limitations.

Advanced Economies

   Euro Area
   Major Advanced Economies (G7)
   Other Advanced Economies (Advanced Economies excluding G7 and Euro Area)

European Union

Emerging Market and Developing Economies

   Commonwealth of Independent States
   Emerging and Developing Asia
      ASEAN-5
   Emerging and Developing Europe
   Latin America and the Caribbean
   Middle East, North Africa, Afghanistan, and Pakistan
   Middle East and North Africa
   Sub-Saharan Africa

Advanced Economies

Australia Austria Belgium Canada Cyprus Czech Republic Denmark Estonia Finland France Germany Greece Hong Kong SAR	Iceland Ireland Israel Italy Japan Korea Latvia Lithuania Luxembourg Malta Macao SAR Netherlands New Zealand Norway	Portugal Puerto Rico San Marino Singapore Slovak Republic Slovenia Spain Sweden Switzerland Taiwan Province of China United Kingdom United States

Euro Area

Austria Belgium Cyprus Estonia Finland France	Germany Greece Ireland Italy Latvia Lithuania Luxembourg	Malta Netherlands Portugal Slovak Republic Slovenia Spain

Major Advanced Economies (G7)

Canada France	Germany Italy	Japan United Kingdom United States

Other Advanced Economies (Advanced Economies excluding G7 and Euro Area)

Australia Czech Republic Denmark Hong Kong SAR Iceland Israel	Korea Macao SAR New Zealand Norway Puerto Rico Singapore	San Marino Sweden Switzerland Taiwan Province of China

European Union

Austria Belgium Bulgaria Croatia Cyprus Czech Republic Denmark Estonia Finland	France Germany Greece Hungary Ireland Italy Latvia Lithuania Luxembourg	Malta Netherlands Poland Portugal Romania Slovak Republic Slovenia Spain Sweden United Kingdom

Emerging and Developing Economies

Afghanistan Albania Algeria Angola Antigua and Barbuda Argentina Armenia Azerbaijan The Bahamas Bahrain Bangladesh Barbados Belarus Belize Benin Bhutan Bolivia Bosnia and Herzegovina Botswana Brazil Brunei Darussalam Bulgaria Burkina Faso Burundi Cambodia Cameroon Cabo Verde Central African Republic Chad Chile China Colombia Comoros Democratic Republic of the Congo Republic of Congo Costa Rica Côte d'Ivoire Croatia Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Ethiopia	Fiji Gabon The Gambia Georgia Ghana Grenada Guatemala Guinea Guinea-Bissau Guyana Haiti Honduras Hungary India Indonesia Iran Iraq Jamaica Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyz Republic Lao P.D.R. Lebanon Lesotho Liberia Libya FYR Macedonia Madagascar Malawi Malaysia Maldives Mali Marshall Islands Mauritania Mauritius Mexico Micronesia Moldova Mongolia Montenegro Morocco Mozambique Myanmar Namibia Nepal Nicaragua Niger Nigeria Oman Pakistan Panama	Papua New Guinea Palau Paraguay Peru Philippines Poland Qatar Romania Russia Rwanda Samoa São Tomé and Príncipe Saudi Arabia Senegal Serbia Seychelles Sierra Leone Solomon Islands South Africa South Sudan Sri Lanka St. Kitts and Nevis St. Lucia St. Vincent and the Grenadines Sudan¹ Suriname Swaziland Syria² Tajikistan Tanzania Thailand Timor-Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Tuvalu Uganda Ukraine United Arab Emirates Uruguay Uzbekistan Vanuatu Venezuela Vietnam Yemen Zambia Zimbabwe
¹ Data for 2011 exclude South Sudan after July 9. Data for 2012 and onward pertain to the current Sudan. ² Data are excluded from 2011 and onward because of the ongoing conflict and related lack of data.

Commonwealth of Independent States¹

Armenia Azerbaijan Belarus Georgia Kazakhstan Kyrgyz Republic	Moldova Russia Tajikistan Turkmenistan Ukraine Uzbekistan
¹ Georgia, Turkmenistan, and Ukraine, which are not members of the Commonwealth of Independent States, are included in this group for reasons of geography and similarity in economic structure.

Emerging and Developing Asia

Bangladesh Bhutan Brunei Darussalam Cambodia China Fiji India Indonesia Kiribati Lao P.D.R. Malaysia Maldives Marshall Islands Micronesia	Mongolia Myanmar Nepal Palau Papua New Guinea Philippines Samoa Solomon Islands Sri Lanka Thailand Timor-Leste Tonga Tuvalu Vanuatu Vietnam

ASEAN-5

Indonesia, Malaysia, Philippines, Thailand, and Vietnam

Emerging and Developing Europe

Albania Bosnia and Herzegovina Bulgaria Croatia Hungary Kosovo	FYR Macedonia Montenegro Poland Romania Serbia Turkey

Latin America and the Caribbean

Antigua and Barbuda Argentina The Bahamas Barbados Belize Bolivia Brazil Chile Colombia Costa Rica Dominica	Dominican Republic Ecuador El Salvador Grenada Guatemala Guyana Haiti Honduras Jamaica Mexico Nicaragua	Panama Paraguay Peru St. Kitts and Nevis St. Lucia St. Vincent and the Grenadines Suriname Trinidad and Tobago Uruguay Venezuela

Middle East, North Africa, Afghanistan, and Pakistan

Afghanistan Algeria Bahrain Djibouti Egypt Iran Iraq Jordan Kuwait Lebanon Libya	Mauritania Morocco Oman Pakistan Qatar Saudi Arabia Sudan¹ Syria² Tunisia United Arab Emirates Yemen
¹Data for 2011 exclude South Sudan after July 9. Data for 2012 and onward pertain to the current Sudan. ²Data are excluded from 2011 and onward because of the ongoing conflict and related lack of data.

Middle East and North Africa

Algeria Bahrain Djibouti Egypt Iran Iraq Jordan Kuwait Lebanon Libya	Mauritania Morocco Oman Qatar Saudi Arabia Sudan¹ Syria² Tunisia United Arab Emirates Yemen
¹Data for 2011 exclude South Sudan after July 9. Data for 2012 and onward pertain to the current Sudan. ²Data are excluded from 2011 and onward because of the ongoing conflict and related lack of data.

Sub-Saharan Africa

Angola Benin Botswana Burkina Faso Burundi Cameroon Cabo Verde Central African Republic Chad Comoros Democratic Republic of the Congo Republic of Congo Côte d'Ivoire	Equatorial Guinea Eritrea Ethiopia Gabon The Gambia Ghana Guinea Guinea-Bissau Kenya Lesotho Liberia Madagascar Malawi Mali Mauritius Mozambique	Namibia Niger Nigeria Rwanda São Tomé and Príncipe Senegal Seychelles Sierra Leone South Africa South Sudan Swaziland Tanzania Togo Uganda Zambia Zimbabwe

WEO Aggregates

Composite data for country groups in the World Economic Outlook are either sums or weighted averages of data for individual countries. All historical and projected data are recalculated to reflect changes in country group composition in order to ensure that the economic indicators reflect changes in economic conditions and not changes in the country group composition. Arithmetically weighted averages are used for all data except inflation for the other emerging market and developing country group, for which geometric averages are used. The following conventions apply.

Country group composites for interest rates are weighted by GDP converted to U.S. dollars at market exchange rates (averaged over the preceding three years) as a share of group GDP.
Composites for other data relating to the domestic economy, whether growth rates or ratios, are weighted by GDP valued at purchasing power parities (PPPs) as a share of total world or group GDP. Annual inflation rates are simple percent change from previous years, except for other emerging market and developing countries where the rates are based on logarithmic differences (see the FAQ for more details).
Unless noted otherwise, composites for all sectors for the euro area are corrected for reporting discrepancies in intra-area transactions. Annual data are not adjusted for calendar-day effects. For data prior to 1999, data aggregations apply 1995 European currency unit exchange rates.
Composite unemployment rates are weighted by labor force as a share of group labor force.
Composites relating to the external economy are sums of individual country data after conversion to U.S. dollars at the average market exchange rates in the years indicated for balance of payments data and at end-of-year market exchange rates for debt denominated in currencies other than U.S. dollars.
Composites of changes in foreign trade volumes and prices, however, are arithmetic averages of percentage changes for individual countries weighted by the U.S. dollar value of exports or imports as a share of total world or group exports or imports (in the preceding year).
Composites for fiscal data are sums of individual country data after conversion to U.S. dollars at the average market exchange rates in the years indicated.
Unless noted otherwise, group composites are computed if 90 percent or more of the share of group weights is represented.