World Economic and Financial Surveys

World Economic Outlook

Database—WEO Groups and Aggregates Information

October 2021

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, and it has evolved over time. The objective is to facilitate analysis by providing a reasonably meaningful method of organizing data.

Some countries remain outside the country classification and therefore are not included in the analysis. Cuba and the Democratic People’s Republic of Korea are examples of countries that are not IMF members, and the IMF therefore does not monitor their economies.

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

   Emerging and Developing Asia
      ASEAN-5
   Emerging and Developing Europe
   Latin America and the Caribbean
   Middle East and Central Asia
   Sub-Saharan Africa

Advanced Economies

Andorra 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 Macao SAR Malta 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)

Andorra Australia Czech Republic Denmark Hong Kong SAR Iceland	Israel Korea Macao SAR New Zealand Norway Puerto Rico	San Marino Singapore 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

Emerging and Developing Economies

Afghanistan Albania Algeria Angola Antigua and Barbuda Argentina Armenia Aruba Azerbaijan The Bahamas Bahrain Bangladesh Barbados Belarus Belize Benin Bhutan Bolivia Bosnia and Herzegovina Botswana Brazil Brunei Darussalam Bulgaria Burkina Faso Burundi Cabo Verde Cambodia Cameroon 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 Eswatini 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 Madagascar Malawi Malaysia Maldives Mali Marshall Islands Mauritania Mauritius Mexico Micronesia Moldova Mongolia Montenegro Morocco Mozambique Myanmar Namibia Nauru Nepal Nicaragua Niger Nigeria North Macedonia Oman Pakistan Palau Panama Papua New Guinea	Paraguay Peru Philippines Poland Qatar Romania Russia Rwanda Samoa São Tomé and Príncipe Saudi Arabia Senegal Serbia Seychelles Sierra Leone Solomon Islands Somalia South Africa South Sudan Sri Lanka St. Kitts and Nevis St. Lucia St. Vincent and the Grenadines Sudan Suriname Syria Tajikistan Tanzania Thailand Timor-Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Tuvalu Uganda Ukraine United Arab Emirates Uruguay Uzbekistan Vanuatu Venezuela Vietnam West Bank and Gaza Yemen Zambia Zimbabwe

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 Nauru 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 Belarus Bosnia and Herzegovina Bulgaria Croatia Hungary Kosovo Moldova	Montenegro North Macedonia Poland Romania Russia Serbia Turkey Ukraine

Latin America and the Caribbean

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

Middle East and Central Asia

Afghanistan Algeria Armenia Azerbaijan Bahrain Djibouti Egypt Georgia Iran Iraq Jordan Kazakhstan Kuwait Kyrgyz Republic Lebanon Libya	Mauritania Morocco Oman Pakistan Qatar Saudi Arabia Somalia Sudan Syria Tajikistan Tunisia Turkmenistan United Arab Emirates Uzbekistan West Bank and Gaza Yemen

Sub-Saharan Africa

Angola Benin Botswana Burkina Faso Burundi Cabo Verde Cameroon Central African Republic Chad Comoros Democratic Republic of the Congo Republic of Congo Côte d'Ivoire Equatorial Guinea	Eritrea Eswatini 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 Tanzania Togo Uganda Zambia Zimbabwe

Aggregation Methods

Composite data for country groups in the WEO are either sums or weighted averages of data for individual countries. Arithmetically weighted averages are used for all data for the emerging market and developing economies group—except data on inflation, for which geometric averages are used. The following conventions apply:

Composites for other data relating to the domestic economy, whether growth rates or ratios, are weighted by GDP valued at purchasing power parity as a share of total world or group GDP. Annual inflation rates are simple percentage changes from the previous years, except in the case of emerging market and developing economies, for which the rates are based on logarithmic differences.

Composites for real GDP per capita in purchasing power parity terms are sums of individual country data after conversion to the international dollar in the years indicated.

Unless noted otherwise, composites for all sectors for the euro area are corrected for reporting discrepancies in intra-area transactions. Unadjusted annual GDP data are used for the euro area and for the majority of individual countries, except for Cyprus, Ireland, Portugal, and Spain, which report calendar-adjusted data. For data prior to 1999, data aggregations apply 1995 European currency unit exchange rates.

Composites for fiscal data are sums of individual country data after conversion to US dollars at the average market exchange rates in the years indicated.

Composite unemployment rates and employment growth are weighted by labor force as a share of group labor force.

Composites relating to external sector statistics are sums of individual country data after conversion to US 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 US dollars.

Composites of changes in foreign trade volumes and prices, however, are arithmetic averages of percent changes for individual countries weighted by the US dollar value of exports or imports as a share of total world or group exports or imports (in the preceding year).

Unless noted otherwise, group composites are computed if 90 percent or more of the share of group weights is represented.