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Show Mexico January 5, 1972 American Embassy Paseo de La Reforma Mexico City, Mexico ATTENTION Economic Councilor Dear Sir: I am writing to inquire if your Embassy publishes Key Economic Indicators for the years, 1970 and 1971. While visiting Spain last year, I learned that the Embassy in Madrid compiles a tabulation on trade and balance of payments and production. Enclosed herewith is copy of the type of information I am seeking. If the Embassy in Mexico City produces similar economic indicators for Mexico, I would appreciate your placing my name on mailing list to receive this on an annual or semi-annual basis. Thank you for your assistance in this matter. Very truly truly, Weston Bourret Vice President WB/nam Attachment - as mentioned above KEY ECONOMIC INDICATORS: SPAIN All valves in million U.S. Exchange rates as of October 13, 1971 unless otherwise stated. U.S. $1.00 - 69.071 pesetas Data for end of period unless otherwise indicated. (Table calculated on basis of U.S. $1.00 - 70 pesetas) A B C D E ITEM 1969 1970 % Change 1971 % Change 1969-70(B/A ) 1970-71 (D/Sam ___ _________ _ _ recent nonth) Period-date 197 INCOME, PRODUCTION, EMPLOYMENT GHP at Current Prices A/ 28,722.1 32,257.4 +12.*3 N.A. - (N.A. GNP at Constant 1964 Prices A/ 21,343.6 22,788.0 +6.8 N.A. N.A. Per Capita GNP, Current Prices A/ 868,0 965.0 +11.2 N.A. N.A. indices (monthly averages): industrial Production {1962-100) (7/71) B/ 215.3 233.4 +8.4 243.5 +2.7 Labor Productivity (1962-100) (5/71) C/ 201.0 211.9 .5.4 209.9 -1.6 Wages (1967-100) (6/71) B/ 121.0 139.1 +14.2 142.2 +15.0 Investment in Plant & Equipment (1962-100) (4/71) D/ 203.6 214.5 +5.4 204.0 -7.0 Electric Power Consumption (1963-100) (6/71) D/ 209.5 233.1 .11.3 255.0 +10.6 Retail Sales-Dept Stores (1963-100) (8/67) E/ 274.3 366.3 +33.5 470.4 .24.4 Employment (1000 persons) (5/71) D/ 12,593.0 12,737.0 +1.1 12,783.4 +1.0 Avg. Unemployment Rate (8/71) E) 1.6 1.4 1.8 Steel Prod. (1000 tons) (8/71) F/ 5,981.0 7,350.0 +22.9 4,953,0 .4.6 Cement Sales (1000 tons) (5/71) "0/ 16,008.0 16,584.0 +3.6 6,623.0 -2.2 New Car Registrations (Units) (8/71) E/ 370,967.0 393,184.0 +5.6 308,733.0 .5.8 MONEY AND PRICES Money Supply (7/71) E/ 9,982.2 10,571.3 +5,9 11,154.5 +16.2 Private Bank Credit (8/71) E/ 13,120.3 14,968,0 +14.1 16,115.9 +15.9 Public Debt Outstanding G/ 5,063.8 5,279.9 +4.3 N.A. N.A. External Debt G/ ~ 836.2 911.6 +9.0 H.A. N.A. External Debt Service Ratio 11/ 2.4% 2.4% Central Bank Discount Rate D/ 5.5% 6.5% 6.02 Indices (as of end of period): Cost of Living (1963-100) (9/71) E/ 104.8 111.9 +6.8 118.1 +7.2 Wholesale Prices (1955-1QQ) (8/71) E/ 201.7 205.9 .2.1 211.9 +4.5 BALANCE OF PAYMENTS AND TRADE Official Reserves (9/71) E/ 833,1 1,730.2 +107.1 2,913.3 (Est.) .94.9 BOP-Surplus/Deficit (9/71) E/ -230,0 .313.0 +1,130.0 (Est.) Balance of Trade (9/71) I/ -2,332.7 -2,360.7 +1.2 -1,584.1 -14.7 Exports, FOB (9/71) I/ 1,900.2 2,387.0 +25.6 2,073.0 .24.2 U.S. Share I/ 15.0% 14.1% 16.0% Imports, CIF (9/71) I/ 4,232.7 4,747.1 +12.2 3,663.1 .3.72 U.S. Share I/ 17.2% 18.9% 16.0% Main Imports from U.S. (1st semester 1971): Wheat 151,500 HT, U.S. $10.6 mil.; Barley 119,981 HT, U.S. $8.6 mil.; Soy Beans 689,083 HT, U.S. $87 mil.; Tobacco 33,935 MT, U.S. $12.3 mil.; Coal 1,086,057 MT, U.S.$289.4 mil.; Scrap Metal, ships 461,320 MT, U.S. $167.8 mil.; Statistical Machines 195 MT, U.S. $9.1 mil. Sources: A/ "Spanish National Accounts "1970", instituto Nacional de Estadistica (I.N.E.); B/ "Statistical Monthly Bulletin" I.N.E., Aug-Sept, 1971; C/ "Industrial Production Statistics", Servicio Sindical de Estadistica, May, 1971; D/ Monthly Bulletin", Bank of Spain, Aug, 1971; N "Indicadores de Coyuntura", IN.E,. Aug-Sept, 1971; F/ "Informe del Ministerio de Industria, 1970"; G/ "Informacion Estadistica, 1970", Minis try of Finance; H/ "informacion Estadistica 1970", Ministry of Finance, (Methodological Note: as percent of exports of goods and services.) I/ "Informe Mensual Sobre Comercio Exterior", Ministry of Finance. |
