46688 vol. 2 STATISTICAL ANNEX 2004 2005 2006 2007 3Q 07 4Q 07 1Q 08 2Q 08 May- Jun- Jul- Aug- 08 08 08 08 Real GDP, SNA (%, y/y) Bulgaria 6.6 6.3 6.3 6.2 4.9 6.9 7.1 7.1 Czech Republic 4.5 6.3 6.8 6.6 6.4 6.6 5.3 4.5 Estonia 7.5 9.2 10.4 6.3 5.5 4.4 0.2 -1.1 Hungary 4.8 4.1 3.9 1.1 0.9 0.8 1.7 2.0 Latvia 8.7 10.6 12.2 10.3 10.9 8.1 3.3 0.1 Lithuania 7.3 7.9 7.7 8.8 10.5 8.8 7.0 5.2 Poland 5.3 3.6 6.2 6.7 6.5 6.4 6.1 5.8 Romania 8.5 4.1 7.9 6.0 5.7 6.6 8.2 9.3 Slovakia 5.2 6.6 8.5 10.4 9.4 14.3 8.7 7.6 Slovenia 4.3 4.3 5.9 6.8 6.4 4.7 5.4 5.5 Croatia 4.3 4.3 4.8 5.6 5.1 3.7 4.3 3.4 Consumption, SNA (real, %, y/y) Bulgaria 5.4 5.3 7.3 4.9 4.2 4.5 4.7 4.8 Czech Republic 0.9 2.6 3.5 4.2 4.0 4.0 2.0 2.9 Estonia 5.8 8.7 12.4 8.2 5.0 3.5 0.9 -0.5 Hungary 2.4 3.1 2.6 -2.2 -1.1 -1.3 -1.6 1.1 Latvia 8.1 9.4 18.0 12.6 11.7 1.5 2.7 -3.8 Lithuania 11.2 10.1 10.5 9.9 5.9 10.4 9.5 6.9 Poland 4.3 2.7 5.2 4.7 5.2 3.9 4.1 4.0 Romania 10.2 9.6 9.3 10.0 9.0 8.9 13.5 11.6 Slovakia 3.6 5.3 6.7 5.5 6.9 4.4 6.6 6.4 Slovenia 3.0 2.8 4.1 2.7 3.9 3.1 3.3 2.7 Croatia 3.5 2.8 3.1 5.5 5.7 4.7 3.3 2.5 Gross capital formation, SNA (%, y/y) Bulgaria 14.9 27.9 20.0 21.5 13.5 11.5 4.7 32.1 Czech Republic 9.1 -0.8 10.5 9.6 10.4 6.4 6.9 -4.3 Estonia 11.1 8.1 23.5 11.4 14.9 0.5 -6.7 7.8 Hungary 8.2 -4.2 -3.9 6.1 1.0 1.9 -2.8 4.4 Latvia 22.4 9.0 18.2 12.3 17.7 -2.9 -6.8 -8.5 Lithuania 18.7 2.0 3.9 15.1 23.1 9.7 24.3 0.9 Poland 14.7 1.4 16.1 23.7 21.5 12.7 17.3 14.7 Romania 19.4 1.8 26.2 23.5 29.4 24.0 28.4 Slovakia 14.3 15.3 6.2 7.2 -0.4 32.4 17.1 10.9 Slovenia 10.5 0.4 9.9 17.8 19.6 7.6 17.3 10.9 Croatia 4.8 6.3 10.5 6.0 1.6 7.8 10.7 11.8 Gross fixed capital formation, SNA (%, y/y) Bulgaria 13.6 23.3 14.7 21.7 19.7 14.0 15.5 28.6 Czech Republic 3.9 1.8 6.5 5.8 4.5 7.5 4.6 4.1 Estonia 4.4 9.9 22.4 7.8 -1.8 -3.0 0.6 -2.5 Hungary 7.6 5.3 -2.8 1.0 -2.6 2.6 -5.4 -2.2 Latvia 23.8 23.6 16.3 2.9 6.9 2.6 5.1 -6.8 Lithuania 15.5 10.9 17.4 15.8 20.1 10.9 1.6 -2.3 Poland 6.4 6.5 14.9 17.6 16.7 15.2 15.7 15.2 Romania 11.1 12.6 19.3 28.9 32.2 28.0 33.2 30.0 Slovakia 5.0 13.8 8.4 7.9 6.5 8.9 2.4 9.6 Slovenia 7.3 2.5 8.4 17.2 18.7 8.6 16.9 9.0 Croatia 5.0 4.9 10.9 6.5 5.7 4.0 9.8 12.6 27 2004 2005 2006 2007 3Q 07 4Q 07 1Q 08 2Q 08 May- Jun- Jul- Aug- 08 08 08 08 Exports, SNA (real, %, y/y) Bulgaria 12.8 8.5 8.7 5.2 5.4 6.0 9.2 5.1 Czech Republic 20.7 11.6 15.8 14.6 15.6 13.1 13.0 14.1 Estonia 16.6 20.5 8.3 1.5 -5.7 -1.3 -2.1 -4.9 Hungary 15.6 11.5 18.9 14.2 14.9 10.4 13.9 11.1 Latvia 9.4 20.3 6.5 11.1 10.3 17.1 6.5 2.5 Lithuania 4.4 17.7 12.2 4.7 11.5 0.6 9.8 13.7 Poland 14.0 8.0 14.6 9.1 8.2 8.2 13.4 7.4 Romania 13.9 7.7 10.6 8.7 4.8 14.9 24.6 26.9 Slovakia 7.9 13.5 21.0 16.0 8.5 16.0 12.4 8.7 Slovenia 12.5 10.1 12.3 13.0 15.1 9.3 6.8 7.8 Croatia 5.7 4.6 6.9 5.7 7.3 2.1 3.8 4.6 Imports, SNA (real, %, y/y) Bulgaria 14.6 13.1 14.0 9.9 9.3 5.7 5.8 13.7 Czech Republic 17.9 5.0 14.2 13.8 15.2 10.9 11.2 9.6 Estonia 15.5 16.3 17.1 2.8 1.2 -0.3 -6.3 -8.2 Hungary 13.4 6.8 14.5 12.2 13.5 9.1 10.2 11.2 Latvia 16.6 14.8 19.3 15.0 15.5 -1.8 -1.6 -8.2 Lithuania 14.9 17.2 13.8 9.1 11.4 4.6 18.5 12.1 Poland 15.2 4.7 17.3 13.6 12.5 8.2 13.7 8.2 Romania 22.1 16.0 22.4 26.1 24.7 28.6 35.2 24.4 Slovakia 8.8 15.5 17.7 10.4 3.0 11.6 14.2 9.0 Slovenia 13.3 6.7 12.2 14.1 18.2 8.6 9.7 7.3 Croatia 4.6 3.5 7.3 5.8 7.0 6.0 7.0 8.1 Industrial production (%, y/y) Bulgaria 17.1 6.7 6.1 9.3 10.4 8.5 4.2 6.5 6.6 4.2 4.4 -6.3 Czech Republic 9.6 6.7 11.2 9.6 6.9 8.4 5.6 6.1 3.1 3.4 6.7 -2.6 Estonia 10.5 10.9 10.1 6.7 5.5 5.3 -0.8 -3.3 -7.3 -8.6 -2.2 -7.5 Hungary 7.4 7.0 9.9 8.2 9.3 6.9 6.9 4.6 2.5 -0.3 0.6 -5.9 Latvia 6.0 5.7 4.9 0.5 1.2 -1.1 -2.7 -4.5 -9.0 -9.6 -5.1 -14.0 Lithuania 10.8 7.1 7.3 4.0 8.7 5.8 7.4 7.7 3.7 4.2 3.0 -3.6 Poland 12.3 4.1 12.1 9.7 8.2 8.6 8.9 8.3 2.4 7.3 5.9 -3.7 Romania 5.4 2.2 7.1 5.4 5.1 4.3 5.5 6.7 2.8 4.0 5.1 -1.5 Slovakia 4.2 3.0 9.9 13.0 12.0 10.8 7.2 7.2 2.0 6.3 3.9 -1.1 Slovenia 4.8 3.1 6.2 6.3 6.1 3.6 1.7 3.4 -1.0 2.3 -2.0 -7.1 Croatia 3.7 5.1 4.6 5.6 4.5 3.1 5.0 4.0 -2.1 7.2 1.8 -4.5 Volume indices of retail sales (excl. motor vehicles, automotive fuel, %, y/y) Bulgaria 14.5 14.4 13.2 11.1 8.4 9.0 11.2 7.7 Czech Republic 3.0 3.8 6.5 6.5 6.1 4.7 2.0 2.2 2.1 0.8 3.4 -2.6 Estonia 13.2 12.0 19.0 15.2 13.0 6.7 0.7 -2.2 -1.2 -7.1 -2.4 -6.4 Hungary 5.7 5.6 4.3 -2.8 -4.2 -3.8 -1.2 -2.6 -2.3 -1.9 -1.0 -2.8 Latvia 12.5 21.2 19.7 19.9 20.2 7.2 -1.1 -4.4 -5.5 -8.8 -8.0 -9.9 Lithuania 10.7 12.9 7.2 12.4 12.4 9.8 15.1 7.5 6.2 3.5 7.6 1.6 Poland 7.1 2.1 12.0 14.6 14.4 13.2 15.7 11.8 11.2 10.1 10.1 3.9 Romania 17.6 24.3 16.4 29.6 18.8 16.0 16.7 8.3 19.8 22.9 13.3 Slovakia 6.2 9.7 8.8 5.4 4.3 5.7 14.2 5.7 6.7 3.1 6.9 5.8 Slovenia 3.8 6.8 1.7 5.4 5.7 6.1 6.6 5.8 5.0 4.3 7.7 Croatia 2.6 2.8 2.4 3.3 1.6 1.7 3.1 0.4 2.1 -1.1 1.4 -2.0 28 2004 2005 2006 2007 3Q 07 4Q 07 1Q 08 2Q 08 May- Jun- Jul- Aug- 08 08 08 08 Unemployment rates (%, NSA, LFS data) Bulgaria 12.2 10.2 9.0 6.9 6.7 6.2 6.6 5.9 Czech Republic 8.3 7.9 7.1 5.3 5.1 4.8 4.7 4.2 Estonia 10.4 8.1 6.0 4.8 4.2 4.1 4.2 4.0 Hungary 5.9 7.2 7.5 7.4 7.2 7.7 8.0 7.6 Latvia 10.4 8.7 6.8 6.0 5.9 5.3 6.5 6.3 Lithuania 11.4 8.4 5.7 4.4 3.9 4.2 4.9 4.5 Poland 19.0 17.7 13.8 9.6 9.0 8.5 8.1 7.1 Romania 8.1 7.5 7.6 6.8 6.0 6.1 6.3 5.6 Slovakia 18.6 16.3 13.4 11.2 11.2 10.3 10.5 10.1 Slovenia 6.1 6.7 6.1 5.0 4.4 4.7 5.1 4.2 Croatia 14.1 13.0 11.5 9.6 8.4 9.7 10.0 Consumer price inflation (% change, y/y) Bulgaria 6.1 5.0 7.3 8.4 11.2 12.5 13.3 15.0 15.0 15.3 14.5 11.2 Czech Republic 2.8 1.9 2.5 2.8 2.6 4.7 7.4 6.8 6.8 6.7 6.9 6.5 Estonia 3.0 4.1 4.4 6.6 6.4 9.0 11.1 11.4 11.3 11.4 11.1 11.0 Hungary 6.8 3.6 3.9 8.0 7.7 7.1 6.9 6.8 7.0 6.7 6.7 6.5 Latvia 6.2 6.7 6.5 10.1 10.3 13.6 16.4 17.7 17.9 17.7 16.7 15.7 Lithuania 1.2 2.7 3.7 5.7 5.9 7.8 10.6 12.1 12.0 12.5 12.2 12.0 Poland 3.5 2.1 1.0 2.5 2.0 3.5 4.1 4.3 4.4 4.6 4.8 4.8 Romania 11.9 9.0 6.6 4.8 5.0 6.7 8.0 8.6 8.5 8.6 9.0 8.0 Slovakia 7.5 2.7 4.5 2.8 2.5 3.3 4.0 4.5 4.6 4.6 4.8 5.0 Slovenia 3.6 2.5 2.5 3.6 3.6 5.5 6.6 6.6 6.4 7.0 6.9 6.0 Croatia 2.1 3.3 3.2 2.9 2.9 4.9 5.9 6.6 6.4 7.6 8.4 7.4 PPI (%, averagey/y) Bulgaria 6.0 6.9 6.9 8.4 8.1 11.5 14.4 13.0 12.8 12.7 13.2 11.8 Czech Republic 5.7 3.0 1.6 4.1 3.9 5.0 5.6 5.1 5.2 5.3 5.2 5.7 Estonia 2.9 2.1 4.5 8.3 8.7 8.8 8.3 7.3 7.2 7.4 7.8 7.3 Hungary 3.5 4.3 6.5 0.2 -2.6 0.2 5.0 5.3 4.9 4.6 3.7 3.2 Latvia 8.6 7.8 10.3 16.1 16.7 14.3 11.0 12.3 11.9 12.9 12.4 13.1 Lithuania 6.8 13.5 2.8 19.4 5.4 16.7 21.7 22.0 20.7 25.6 26.0 25.3 Poland 7.0 0.7 2.3 2.3 1.7 2.3 3.0 2.5 2.7 2.6 2.1 2.0 Romania 19.1 10.6 11.6 8.1 6.1 9.3 14.4 17.2 16.8 19.4 20.3 20.1 Slovakia 2.6 5.3 5.7 2.2 -3.0 -0.1 3.5 4.1 4.9 3.5 3.8 3.7 Slovenia 4.3 2.7 2.3 4.1 4.0 3.5 3.4 3.9 3.7 4.7 5.2 5.6 Croatia 3.5 3.0 2.9 3.9 3.7 5.4 7.5 8.7 8.7 9.6 12.0 11.0 Exchange rate (nominal, LCU/EUR, period average) Bulgaria 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 Czech Republic 31.9 29.8 28.3 27.8 27.9 26.8 25.6 24.8 25.1 24.3 23.5 24.3 Estonia 15.6 15.6 15.6 15.6 15.6 15.6 15.6 15.6 15.6 15.6 15.6 15.6 Hungary 251.7 248.1 264.3 251.4 251.8 252.9 259.3 248.0 247.7 242.4 231.8 235.9 Latvia 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 Lithuania 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 Poland 4.5 4.0 3.9 3.8 3.8 3.7 3.6 3.4 3.4 3.4 3.3 3.3 Romania 0.0 3.6 3.5 3.3 3.2 3.4 3.7 3.7 3.7 3.7 3.6 3.5 Slovakia 40.0 38.6 37.2 33.8 33.6 33.4 33.1 31.4 31.5 30.3 30.3 30.3 Slovenia 239.1 239.6 239.6 Croatia 7.5 7.4 7.3 7.3 7.3 7.3 7.3 7.3 7.3 7.2 7.2 7.2 29 2004 2005 2006 2007 3Q 07 4Q 07 1Q 08 2Q 08 May- Jun- Jul- Aug- 08 08 08 08 Exchange rate (nominal, LCU/USD, period average) Bulgaria 1.6 1.6 1.6 1.4 1.4 1.3 1.3 1.3 1.3 1.2 1.3 1.3 Czech Republic 25.7 23.9 22.6 20.3 20.3 18.5 17.1 15.9 16.1 15.6 14.9 16.2 Estonia 12.6 12.6 12.5 11.4 11.4 10.8 10.2 10.0 10.1 9.9 10.0 10.5 Hungary 202.6 199.7 210.5 183.8 183.2 174.2 171.0 155.2 154.7 149.4 150.1 160.5 Latvia 0.5 0.6 0.6 0.5 0.5 0.5 0.5 0.4 0.5 0.4 0.5 0.5 Lithuania 2.8 2.8 2.8 2.5 2.5 2.4 2.3 2.2 2.2 2.2 2.2 2.3 Poland 3.7 3.2 3.1 2.8 2.8 2.5 2.4 2.2 2.2 2.2 2.1 2.2 Romania 3.3 2.9 2.8 2.4 2.4 2.4 2.3 2.3 2.3 2.3 2.4 Slovakia 32.3 31.0 29.7 24.7 24.4 23.1 21.5 19.8 19.4 19.2 19.5 20.4 Slovenia 192.4 192.7 191.0 Croatia 6.0 5.9 5.8 5.4 5.3 5.1 4.8 4.6 4.7 4.6 4.6 4.8 Exports of goods (EUR, %, y/y)17 Bulgaria 19.7 18.6 24.1 14.7 12.5 21.3 25.9 23.7 20.1 18.3 15.4 Czech Republic 28.8 13.2 20.4 18.2 19.2 16.8 17.0 21.0 14.6 20.8 25.3 Estonia 19.3 29.6 24.9 3.9 0.2 5.9 4.8 5.2 -1.0 -0.6 11.2 Hungary 17.3 13.2 18.5 16.1 18.0 11.2 14.2 11.6 6.3 7.5 8.6 Latvia 26.0 28.7 18.2 23.7 22.5 22.8 22.8 13.6 9.6 4.3 13.4 Lithuania 21.4 26.9 18.7 11.1 15.3 14.3 30.7 36.2 26.6 35.6 35.2 Poland 22.3 17.8 20.4 13.4 15.7 15.2 17.9 17.5 9.5 10.9 17.5 Romania 21.3 17.5 16.2 13.7 13.2 17.2 13.9 21.3 18.8 20.4 20.9 Slovakia 15.5 14.9 30.1 27.3 22.2 22.1 19.1 21.7 14.3 25.2 18.8 Slovenia 16.6 17.6 19.6 18.7 20.2 14.7 10.6 12.0 4.9 8.8 8.3 Croatia 18.1 9.6 16.7 9.1 13.5 4.6 8.3 7.8 9.4 3.4 14.9 5.4 Imports of goods (EUR, %, y/y) Bulgaria 20.9 26.2 5.2 41.8 43.6 36.9 21.8 32.4 25.7 33.7 26.0 Czech Republic 23.0 9.3 20.7 16.2 17.6 14.4 18.1 18.1 11.1 17.3 19.5 Estonia 16.9 22.5 30.4 5.8 1.8 2.9 -2.7 -4.3 -10.0 -4.6 5.7 Hungary 15.2 9.9 16.5 11.9 12.3 8.2 11.7 10.3 5.3 8.5 11.3 Latvia 23.3 22.6 31.5 21.7 22.1 7.7 6.1 -2.6 -11.2 -7.8 -12.4 Lithuania 16.8 25.5 23.5 15.4 14.6 12.9 29.4 20.9 10.7 23.0 22.7 Poland 19.5 13.3 23.8 19.6 18.2 18.7 20.4 19.4 13.0 14.7 16.2 Romania 24.0 23.9 25.1 25.1 23.9 19.7 12.9 16.7 8.0 16.7 14.4 Slovakia 20.6 16.0 28.2 23.1 19.3 19.1 18.8 20.1 7.6 22.2 21.5 Slovenia 16.7 14.5 17.6 19.8 21.8 14.5 14.8 15.0 10.6 13.3 14.2 Croatia 6.6 12.0 14.4 10.1 10.2 11.2 13.8 15.7 3.3 22.4 12.2 8.1 17Data on imports and exports from Eurostat's External trade statistics 30 2004 2005 2006 2007 3Q 07 4Q 07 1Q 08 2Q 08 May- Jun- Jul- Aug- 08 08 08 08 Trade balance (% GDP) Bulgaria -11.9 -20.2 -22.0 -25.3 -25.0 -25.3 -25.1 -26.8 Czech Republic -0.5 2.0 2.0 3.4 3.1 3.4 3.2 3.6 Estonia -16.6 -13.9 -18.3 -17.6 -18.5 -17.6 -16.2 -14.6 Hungary -3.5 -2.5 -2.3 0.3 -0.3 0.3 0.7 0.9 Latvia -20.2 -18.9 -25.6 -25.3 -27.0 -25.3 -23.7 -21.7 Lithuania -10.6 -11.3 -13.9 -15.1 -15.3 -15.1 -15.6 -14.8 Poland -2.3 -0.9 -2.0 -4.0 -3.4 -4.0 -4.0 -4.0 Romania -8.7 -9.8 -12.0 -14.8 -15.0 -14.8 -14.7 -14.4 Slovakia -3.6 -5.0 -4.5 -1.2 -1.7 -1.2 -0.9 -1.0 Slovenia -3.8 -3.6 -3.8 -5.0 -4.8 -5.0 -5.6 -6.3 Croatia -23.4 -24.0 -24.4 -25.2 -24.6 -25.2 -25.5 Current account balance (%GDP) Bulgaria -5.3 -12.4 -17.8 -21.8 -21.2 -21.8 -22.1 -24.2 Czech Republic -5.2 -1.3 -2.6 -1.8 -2.3 -1.8 -1.7 -2.5 Estonia -11.7 -10.0 -16.7 -18.1 -18.7 -18.1 -15.6 -14.1 Hungary -8.6 -7.5 -7.5 -6.4 -6.8 -6.4 -6.6 -6.3 Latvia -12.9 -12.5 -22.5 -23.8 -26.1 -23.8 -22.0 -19.7 Lithuania -7.7 -7.1 -10.6 -14.6 -14.3 -14.6 -15.6 -15.5 Poland -4.0 -1.2 -2.7 -4.7 -4.4 -4.7 -5.0 -5.0 Romania -8.4 -8.6 -10.4 -14.0 -13.5 -14.0 -13.9 -13.7 Slovakia -7.8 -8.4 -7.0 -5.3 -4.8 -5.3 -5.5 -6.6 Slovenia -2.7 -1.8 -2.5 -4.3 -3.8 -4.3 -5.6 -6.0 Croatia -5.0 -6.3 -7.9 -8.6 -7.7 -8.6 -9.6 FDI, net (% GDP) Bulgaria 9.1 14.7 23.3 21.8 22.7 21.8 19.9 18.5 Czech Republic 3.6 9.4 2.8 4.5 3.6 4.5 4.0 4.7 Estonia 5.7 15.7 4.2 5.3 4.0 5.3 4.7 5.4 Hungary 3.3 5.0 3.2 1.6 0.3 1.6 1.9 4.2 Latvia 4.3 3.6 7.5 7.1 8.7 7.1 6.8 5.2 Lithuania 2.3 2.6 5.1 3.6 6.3 3.6 2.8 2.8 Poland 4.7 2.3 3.1 4.3 4.4 4.3 3.6 3.4 Romania 8.4 6.6 8.9 6.3 8.3 6.3 6.0 6.6 Slovakia 7.2 4.1 6.8 3.5 3.6 3.5 3.3 2.7 Slovenia 0.8 -0.2 -0.6 -0.8 -1.4 -0.8 0.3 0.5 Croatia 2.3 4.1 7.5 9.1 9.9 9.1 7.7 Portfolio investment, net (% GDP) Bulgaria -2.0 -5.5 0.8 -1.8 -0.7 -1.8 -1.1 -1.7 Czech Republic 1.9 -2.7 -0.8 -1.5 -1.0 -1.5 -1.3 0.0 Estonia 6.0 -16.0 -8.0 -2.4 -0.8 -2.4 -1.7 0.2 Hungary 6.6 3.9 5.6 -1.6 1.3 -1.6 -2.0 -1.5 Latvia 1.7 -0.8 0.2 -2.5 -2.1 -2.5 0.4 0.8 Lithuania 0.9 -1.0 -0.8 -0.8 -2.5 -0.8 0.2 0.0 Poland 3.7 4.1 -0.9 -1.3 -2.0 -1.3 -1.4 -0.5 Romania -0.7 1.0 -0.2 0.1 0.3 0.1 0.2 0.0 Slovakia 2.1 -2.0 2.9 -0.6 0.2 -0.6 1.6 1.1 Slovenia -2.4 -4.6 -4.7 -6.8 -6.5 -6.8 -3.9 -3.6 Croatia 1.0 -3.8 -1.6 0.0 -1.3 0.0 2.2 31 2004 2005 2006 2007 3Q 07 4Q 07 1Q 08 2Q 08 May- Jun- Jul- Aug- 08 08 08 08 General Government balance (ESA95) Bulgaria 1.6 1.9 3.0 0.1 Czech Republic -2.9 -3.6 -2.7 -1.0 Estonia 1.7 1.5 2.9 2.7 Hungary -6.4 -7.8 -9.3 -4.9 Latvia -1.0 -0.4 -0.2 0.1 Lithuania -1.5 -0.5 -0.4 -1.2 Poland -5.7 -4.3 -3.8 -2.0 Romania -1.2 -1.2 -2.2 -2.6 Slovakia -2.3 -2.8 -3.5 -1.9 Slovenia -2.2 -1.4 -1.2 0.5 Croatia -4.3 -4.0 -2.4 -1.6 General Government revenues (ESA95, % GDP) Bulgaria 41.3 41.2 39.5 41.6 Czech Republic 42.2 41.4 41.2 40.9 Estonia 35.7 35.5 37.1 38.2 Hungary 42.6 42.3 42.6 44.9 Latvia 34.7 35.2 37.7 37.7 Lithuania 31.8 32.8 33.1 33.9 Poland 36.9 39.0 40.0 40.0 Romania 32.4 32.3 33.1 34.7 Slovakia 35.4 35.3 33.5 32.7 Slovenia 43.6 43.8 43.3 42.9 Croatia 44.8 44.5 44.8 46.0 General Government expenditures (ESA95, % GDP) Bulgaria 39.7 39.3 36.5 41.5 Czech Republic 45.1 45.0 43.8 42.6 Estonia 34.1 34.0 34.2 35.5 Hungary 48.9 50.1 51.9 49.8 Latvia 35.8 35.6 37.9 37.7 Lithuania 33.3 33.3 33.6 35.2 Poland 42.6 43.3 43.8 42.0 Romania 33.6 33.5 35.3 37.3 Slovakia 37.7 38.1 37.1 34.6 Slovenia 45.8 45.3 44.5 42.4 Croatia 49.1 48.5 47.2 47.6 General government debt (% GDP) Bulgaria 37.9 29.2 22.7 18.2 Czech Republic 30.4 29.8 29.6 28.9 Estonia 5.0 4.5 4.3 3.5 Hungary 59.4 61.7 65.6 65.8 Latvia 14.9 12.4 10.7 9.5 Lithuania 19.4 18.4 18.0 17.0 Poland 45.7 47.1 47.7 44.9 Romania 18.8 15.8 12.4 12.9 Slovakia 41.4 34.2 30.4 29.4 Slovenia 27.2 27.0 26.7 23.4 Croatia 43.2 43.8 41.0 38.0 Exch. Rate (USD/EUR) 1.244 1.244 1.256 1.371 1.374 1.449 1.498 1.562 1.556 1.555 1.577 1.498 Source: Eurostat, EC, WIIW, CSOs, NCBs, World Bank, IMF IFS, staff calculations. Note: Cut-off data for data selection: October 16, 2008 32