Part I A Comparative Analysis
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International Monetary Fund
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Abstract

A revised classification of countries was adopted by the Fund in December 1979 for the purpose of statistical presentation and economic analysis and was first used in the March 1980 issue of International Financial Statistics (IFS). Subsequently, this classification was used in other Fund documents such as the Annual Report and the World Economic Outlook. The countries included in the present study belong to the subgroup of industrial countries identified as the smaller industrial countries, or other industrial countries, as distinct from the seven major industrial countries. They include Australia, Austria, Belgium, Denmark, Finland, Iceland, Ireland, Luxembourg, the Netherlands, New Zealand, Norway, Spain, and Sweden. Switzerland, which also belongs to this group of countries, is not a member of the Fund and, owing to a lack of satisfactory background information, was not included.

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