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... 1996-2003 2004-07 2004 Annual percent change unless otherwise noted World real 3.2 3.7 5.0 5.3 Advanced economies 2.9 2.6 2.9 3.2 Other emerging market and developing countries 3.7 5.1 7.4 7.7 Memorandum Potential output Major advanced economies 2.6 2.5 2.5 2.5 World trade, volume (1) 6.6 6.0 8.6 10.6 Imports Advanced economies 6.4 5.8 7.1 9.1 Other emerging market and developing countries 6.7 6.9 13.3 16.4 Exports Advanced economies 6.8 5.3 7.1 8.8 Other emerging market and developing countries 7.0 7.8 11.9 14.6 Terms of trade Advanced economies -- -- -0.6 -0.2 Other emerging market and developing countries -1.2 0.6 2.9 2.7 World prices in U.S. dollars Manufactures 3.3 -1.7 4.3 9.4 Oil -0.7 6.7 27.1 30.7 Nonfuel primary commodities 2.2 -2.4 11.0 18.5 Consumer prices Advanced economies 3.7 1.9 2.3 2.0 Other emerging market and developing countries 65.2 9.3 5.3 5.6 Interest rates (in percent) Real six-month LIBOR (2) 3.4 2.7 1.4 -1.0 World real long-term interest rate (3) 4.2 2.9 1.9 1.8 Percent of GDP Balances on current account Advanced economies -0.1 -0.4 -1.4 -0.8 Other emerging market and developing countries -1.5 0.0 4.0 2.4 Total external debt Other emerging market and developing countries 32.4 37.6 28.3 33.1 Debt service Other emerging market and developing countries 4.5 6.3 5.2 5.6 Four-Year Average 2005 2006 2007 2008-11 Annual percent change unless otherwise noted World real GDP 4.9 5.1 4.9 4.8 Advanced economies 2.6 3.1 2.7 2.7 Other emerging market and...
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