Tightlandia: Computation of Structural (Cyclically Adjusted) Balances

Output Data Government Data Structural Balance: Aggregated Approach

Govern- Structural
Nominal Govern- Potential Structural Structural Structural
Nominal Output ment Overall Overall εR εE gov't
Year potential ment GDP/ac- gov't (CA) (CA)
actual GDP GDP gap revenue expen- balance balance tual GDP revenue expen- balance balance
diture diture
elasticity of elasticity of
gov't gov't
current % potential general general general revenue general expenditure general general
prices, bln bln LCU, GDP, own government government government w.r.t. government w.r.t. government government % potential
LCU, WEO WEO calculations , bln LCU , bln LCU , bln LCU % GDP output , bln LCU output , bln LCU , mln LCU GDP
1997 23,867.0 23,141.7 3.13 10,172 11,677 -1,505 -6.31 0.97 1.0 9,863 -0.1 11,713 -1,850 -8.00
1998 26,172.0 25,471.8 2.75 10,587 11,983 -1,396 -5.33 0.97 1.0 10,304 -0.1 12,016 -1,712 -6.72
1999 28,109.0 28,404.1 -1.04 11,434 13,520 -2,086 -7.42 1.01 1.0 11,554 -0.1 13,506 -1,952 -6.87
2000 31,177.0 32,161.1 -3.06 12,431 16,256 -3,825 -12.27 1.03 1.0 12,823 -0.1 16,206 -3,382 -10.52
2001 33,881.0 35,057.5 -3.36 12,859 15,065 -2,206 -6.51 1.03 1.0 13,306 -0.1 15,014 -1,708 -4.87
2002 36,807.0 37,897.7 -2.88 13,561 16,585 -3,024 -8.22 1.03 1.0 13,963 -0.1 16,537 -2,574 -6.79
2003 40,612.0 41,588.5 -2.35 15,171 16,299 -1,128 -2.78 1.02 1.0 15,536 -0.1 16,260 -725 -1.74
2004 45,161.0 46,064.3 -1.96 15,949 17,014 -1,065 -2.36 1.02 1.0 16,268 -0.1 16,980 -712 -1.55
2005 49,314.0 49,640.1 -0.66 17,343 18,730 -1,387 -2.81 1.01 1.0 17,458 -0.1 18,718 -1,260 -2.54
2006 55,002.0 53,927.8 1.99 18,342 20,088 -1,746 -3.17 0.98 1.0 17,984 -0.1 20,128 -2,144 -3.98
2007 61,450.0 57,533.7 6.81 19,907 21,022 -1,115 -1.81 0.94 1.0 18,638 -0.1 21,161 -2,523 -4.38
2008 66,842.0 62,122.5 7.60 21,942 23,340 -1,398 -2.09 0.93 1.0 20,393 -0.1 23,512 -3,119 -5.02
2009 62,794.0 63,530.3 -1.16 21,057 26,097 -5,040 -8.03 1.01 1.0 21,304 -0.1 26,067 -4,763 -7.50
2010 65,897.0 65,781.9 0.18 21,282 26,250 -4,968 -7.54 1.00 1.0 21,245 -0.1 26,255 -5,010 -7.62
2011 68,974.0 69,151.0 -0.26 23,554 26,838 -3,284 -4.76 1.00 1.0 23,614 -0.1 26,831 -3,217 -4.65
2012 71,096.0 71,868.6 -1.08 23,974 27,165 -3,191 -4.49 1.01 1.0 24,235 -0.1 27,136 -2,901 -4.04
2013 72,134.0 73,885.1 -2.37 25,926 27,919 -1,993 -2.76 1.02 1.0 26,555 -0.1 27,852 -1,297 -1.76

Overall vs. CA balance

0.00
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
-2.00

-4.00

-6.00

-8.00

-10.00
 0.00
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
-2.00

-4.00

-6.00

-8.00

-10.00

-12.00

-14.00

overall balance CA balance, aggregated approach

Difference between Overall and CA balances

4.0

3.0

2.0

1.0

0.0
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

-1.0

-2.0