ABSTRACT

Period Average annual change, per cent Unemploymentb (per cent rate)

GDP GDP per head Prices'

1945-52 13.0 11.9 30.6 2.2' 1952-58 4.5 3.6 3.3 2.1 1958-73 5.3 4.3 4.6 1.9 1973-83 2.2 1.7 11.2 5.7d 1983-94 2.0 1.4 3.6e 10.0f

1950-73 5.0 4.0 5.0 2.0 1973-94 2.1 1.6 7.3g 7.9h

Notes: "Consumer price index; bperiod average of annual unemployment rates (per cent of labour force); '1950-52; dI974-83; eI983-93; fI984-93; gI973-94; hI974-93. Sources: A. Maddison, Dynamic Forces in Capitalist Development (Oxford, 1991); A. Maddison, Monitoring the World Economy, 1820-1992 (Paris, 1995).