17 per cent of our GDP of six-and-a-half billion euro is generated by exports, and the current account is roughly in balance. The euro area generates almost one-fifth of world exports. Average per capita GDP stands at somewhat more than € 20,000 (roughly Y 2.2 million), a third less than in Japan. Differences between individual countries are considerable.
BIS/IMF/OECD/World Bank (1998a): Report of The Working Group on Transparency and Accountability, October. BIS/IMF/OECD/World Bank (1998b): Report of The Working Group on Strengthening Financial Systems, October. BIS/IMF/OECD/World Bank (1998c): Report of The Working Group on International Financial Crises, October. Group of Seven (1999): Communiqué of G7 Finance Ministers and Central Bank Governors, 20 February, Petersberg, Bonn.