Chapter

Statistical Appendix

Author(s):
Bijan Aghevli, Eduardo Borensztein, and Tessa Van der Willigen
Published Date:
March 1992
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Table A1.Revenue of General Government1(In billions of koruny)
Revised
Budget
198619871988198919901991
Federation and republics
Total revenue323.8345.3359.3374.3390.3482.5
Tax revenue293.7313.7327.8326.4368.2464.3
Income and profits taxes148.7160.0158.178.493.7192.9
Population32.533.634.70.20.356.1
Wages tax32.433.434.555.9
Literary/artists tax0.10.20.20.20.30.2
Profits taxes116.2126.4123.678.293.4136.8
Enterprises97.6107.0104.467.984.1
Financial companies18.619.319.08.86.8
Agricultural profit tax1.52.5
Payroll tax29.332.937.095.498.4117.8
Domestic taxes on goods and services110.7110.9116.7134.6147.8141.9
Turnover tax (gross)103.0104.0108.3124.8147.8141.9
Internal market differential7.76.98.49.8
Taxes on international trade5.010.015.913.925.88.8
Customs duties20.20.20.30.56.58.8
Other foreign trade levies4.89.815.613.419.3
Other taxes4.12.52.9
Nontax revenue33.730.132.144.631.018.2
Entrepreneurial and property income25.221.623.029.716.914.3
Transfers from subsidiary
organizations0.20.10.20.20.20.4
Other25.021.522.929.516.713.9
Administrative fees1.21.21.48.39.11.7
Fines and forfeits0.30.40.40.40.1
Other nontax revenue7.07.07.36.24.92.2
Capital revenue
Timing adjustment-3.51.5-0.63.3-8.9
Local authorities
Total revenue128.2134.0141.1151.9162.495.6
Tax revenue44.245.247.776.681.311.4
Income and profits taxes25.626.327.957.361.35.9
Wages tax15.215.916.652.354.43.0
Corporate taxes10.410.411.35.06.92.9
Payroll tax311.411.72.25.5
Domestic taxes on goods and services7.17.27.6
Other taxes319.320.0
Nontax revenue15.918.219.217.117.36.1
Entrepreneurial and property income11.512.112.31.01.0
Fees and fines0.50.60.66.87.31.1
Other nontax revenue3.95.56.29.39.05.0
Capital revenue0.20.20.20.10.2
Transfers from other government68.070.474.158.163.678.1
Extrabudgetary funds
Total revenue4.64.54.35.54.03.6
Nontax revenue3.13.02.94.03.72.7
Transfers (from other government)1.41.51.41.50.30.9
Memorandum items:
Net turnover tax482.181.186.985.5113.2141.9
Net foreign trade surrenders5-12.8-8.1-3.0-13.7
Total revenue (percent of GDP)55.757.958.062.160.247.4
Source: Czechoslovak authorities.

Data from 1989 onward are consistent with methodology of Government Finance Statistics; data through 1988 are not. General government includes operations under state budgets and state financial assets and liabilities and excludes operations of subsidized organizations and funds of the ministries.

Includes import surcharge in 1991.

Some payroll tax at local authority level is classified as other taxes in 1989-90.

Turnover tax net of negative turnover tax (shown under expenditure). Includes internal market differential.

Foreign trade levies net of foreign trade subsidies (shown under expenditure).

Source: Czechoslovak authorities.

Data from 1989 onward are consistent with methodology of Government Finance Statistics; data through 1988 are not. General government includes operations under state budgets and state financial assets and liabilities and excludes operations of subsidized organizations and funds of the ministries.

Includes import surcharge in 1991.

Some payroll tax at local authority level is classified as other taxes in 1989-90.

Turnover tax net of negative turnover tax (shown under expenditure). Includes internal market differential.

Foreign trade levies net of foreign trade subsidies (shown under expenditure).

Table A2.Expenditure of General Government by Economic Category1(In billions of koruny)
Revised
Budget
1986198719881989199019912
Federation and republics
Total expenditure339.9347.4384.2401.0442.9474.5
Current expenditure288.0301.7332.5349.1389.0431.7
Consumption78.286.190.780.583.5132.8
Wages and salaries17.818.419.117.617.528.5
Services60.467.771.662.966.0105.7
Interest0.21.72.8
Current transfers209.8215.6241.8268.4303.8296.2
Transfers to households83.084.286.6100.0108.3159.9
Unemployment benefits9.8
Universal income support12.732.0
Pensions54.255.657.661.663.6
Sick pay8.98.78.99.610.0
Family benefits16.416.316.216.518.9
Other3.53.63.912.33.1
To local authorities43.145.347.730.233.463.0
To local authorities43.145.347.730.233.463.0
To extrabudgetary funds1.41.51.41.50.30.9
To subsidized organizations32.12.12.32.53.211.4
To enterprises and agricultural cooperatives80.382.5103.8133.5157.660.6
Retail subsidies428.629.829.849.134.6
Foreign trade subsidies17.617.918.627.119.3
Stock adjustments515.58.054.4
Other434.134.839.949.349.360.6
Transfers abroad0.71.00.4
Capital expenditure and net lending46.548.651.249.653.042.8
By budgetary organizations7.37.57.86.47.214.3
Capital transfers35.035.235.737.845.133.2
To local authorities24.925.226.427.930.215.2
To subsidized organizations33.7
To enterprises10.110.19.39.814.814.3
Net lending4.25.87.75.40.7-4.7
Timing adjustment5.4-2.80.42.30.9
Local authorities
Total expenditure130.7137.0142.8151.4163.395.6
Current expenditure104.1110.1114.6121.4131.773.8
Consumption79.283.287.292.7100.963.9
Wages, salaries, travel29.730.832.132.635.3
Other49.552.455.160.165.6
Current transfers24.926.927.428.730.89.9
Social security outlays4.24.34.41.9
To subsidized organizations32.93.03.03.33.4
To enterprises and agricultural cooperatives17.819.620.08.0
Capital expenditure and transfers26.726.928.230.031.621.8
By budgetary organizations21.922.423.34.67.819.6
Capital transfers to enterprises34.84.54.925.423.82.2
Extrabudgetary funds
Total expenditure4.74.74.45.34.23.6
Current expenditure2.31.81.63.82.31.2
Transfers to enterprises2.21.51.63.82.31.2
Other transfers0.10.3
Capital expenditure2.42.92.81.51.92.4
Memorandum item:
Total expenditure, excluding stock
adjustments (percent of GDP)58.458.759.564.560.146.7
Source: Czechoslovak authorities.

Data from 1989 onward are consistent with methodology of Government Finance Statistics; data through 1988 are not. General government includes operations under state budgets and state financial assets and liabilities and excludes operations of subsidized organizations and funds of the ministries.

Operations under state budgets only.

Where the breakdown is not available, all transfers to subsidized organizations are classified as current transfers.

Retail subsidies on energy products are included in “other” in 1991.

Includes transfer to cover debts of retail trade organizations (1988) and transfers to the banks to cover devaluation losses (1990).

Source: Czechoslovak authorities.

Data from 1989 onward are consistent with methodology of Government Finance Statistics; data through 1988 are not. General government includes operations under state budgets and state financial assets and liabilities and excludes operations of subsidized organizations and funds of the ministries.

Operations under state budgets only.

Where the breakdown is not available, all transfers to subsidized organizations are classified as current transfers.

Retail subsidies on energy products are included in “other” in 1991.

Includes transfer to cover debts of retail trade organizations (1988) and transfers to the banks to cover devaluation losses (1990).

Table A3.Budgetary Subsidies1(In billions of koruny)
Revised
Budget
198619871988198919901991
Total budgetary subsidies85.488.796.1122.1105.968.6
(percent of GDP)12.312.513.016.112.96.5
Subsidies to enterprises and
agricultural cooperatives39.241.147.759.261.568.6
(percent of GDP)5.65.86.47.87.56.5
Agriculture and foodstuffs23.722.526.335.036.723.9
Of which:
Differential charge12.412.512.615.015.9
Charge to prices1.10.91.94.59.4
Price fund4.73.2
Fund for Market Regulation8.4
Other10.39.111.910.88.215.5
Industry and construction3.74.34.88.37.018.1
Of which:
Mining1.41.41.41.30.90.4
Residential heating21.51.62.22.32.413.7
Restructuring32.23.0
Iraq embargo1.0
Other subsidies to enterprises11.714.316.615.917.826.6
Of which:
Housing6.16.46.35.05.310.0
Rents6.16.46.35.02.9
Low-interest loans7.1
Urban transport3.64.04.34.84.24.3
Railway1.32.8
Road transport2.94.8
Forestry and water1.31.44.91.8
Acid rain (forests)0.40.50.71.5
Retail subsidies28.629.829.849.134.6
(percent of GDP)4.14.24.06.54.2
Foodstuffs18.719.419.436.120.2
Of which:
Dairy9.19.69.413.07.0
Meat and meat products4.44.54.511.96.4
Fruit and vegetables2.12.12.22.61.5
Milling and bakery0.90.90.93.01.6
Nonalcoholic drinks0.30.20.20.30.2
Nonfood consumer subsidies9.910.310.412.914.4
Of which:
Coal23.94.04.25.15.6
Gas22.93.33.32.02.2
Newspapers and printed matter0.30.30.30.7
Brick materials (construction)0.30.40.40.81.6
Foreign trade subsidies17.617.918.613.99.8
(percent of GDP)2.52.52.51.81.2
Source: Czechoslovak authorities.

Includes subsidies paid by federal, republic, and local budgets. Data are according to state final account and hence not directly comparable with data in Table A2.

ln 1991, retail subsidies on coal and gas are included in subsidies for residential heating.

Transfers to support restructuring, especially of the armaments industry.

Source: Czechoslovak authorities.

Includes subsidies paid by federal, republic, and local budgets. Data are according to state final account and hence not directly comparable with data in Table A2.

ln 1991, retail subsidies on coal and gas are included in subsidies for residential heating.

Transfers to support restructuring, especially of the armaments industry.

Table A4.Developments in Wholesale and Consumer1(Prices January 1, 1977 = 100)
1991
19861987198819891990IIIIII
Wholesale prices
Industry126.9127.0127.0126.1131.7205.0224.6223.9
Construction123.6123.6123.6120.9128.6171.2193.0199.2
Construction materials137.1137.1137.1135.6138.2212.0229.0230.5
Weights2
Consumer prices
Goods and services100.00121.5121.6121.8123.5135.8198.4217.2221.3
Foodstuffs31.31121.5121.7121.3121.4134.9200.0193.8194.3
Industrial goods43.27118.8119.0119.4122.4135.5204.8243.6245.4
Services15.16118.3118.2119.3120.3129.1151.3173.6192.4
Of which:
Rents and communal
services3.223114.7114.7114.7114.7114.9118.2148.7269.8
Transport and
communications2.80121.6121.6121.6121.6129.5151.6181.6187.6
Public restaurants10.26135.9135.9136.7138.1149.8232.7232.4234.0
Source: Czechoslovak authorities.

From 1987, data have been compiled on a base of January 1, 1984 = 100, and, from 1991, on a base of January 1989 = 100. The data from these series have been combined in this table.

As of January 1, 1984.

Not including electricity and gas.

Source: Czechoslovak authorities.

From 1987, data have been compiled on a base of January 1, 1984 = 100, and, from 1991, on a base of January 1989 = 100. The data from these series have been combined in this table.

As of January 1, 1984.

Not including electricity and gas.

Table A5.Average Monthly Earnings in the State and Cooperative Sector1(Excluding agricultural cooperatives (JZDs))
19912
19861987198819891990Jan.-Sept.19913
(In koruny)
Total state and
cooperative sector,
excluding JZDs2,9272,9853,0543,1233,2393,5263,710
Material sphere3,0093,0663,1383,2113,3253,6253,810
Of which:
Agriculture2,9863,0483,1453,2583,4033,4423,460
Industry3,0863,1393,2043,2773,3703,7274,000
Building and
construction3,2583,3323,3953,4783,5693,7303,960
Nonmaterial sphere2,7022,7652,8302,8933,0233,2383,430
Of which:
Education2,7042,7682,8352,8762,9573,0653,270
Health2,7442,7932,8322,8853,0893,4633,650
Source: Czechoslovak authorities.

Includes wages, bonuses, and other payments.

Excludes enterprises with fewer than one hundred employees.

Estimated.

Source: Czechoslovak authorities.

Includes wages, bonuses, and other payments.

Excludes enterprises with fewer than one hundred employees.

Estimated.

Table A6.Industrial Production1
1991
19861987198819891990Jan-Sept.
(Annual percent change, at constant 1989 prices)
Fuel (coal and gas)-0.60.30.2-3.2-6.7-2.0
Power4.92.51.62.0-2.2-3.0
Iron metallurgy1.51.90.90.3-0.9-15.7
Nonferrous metals2.41.82.11.2-5.5-37.0
Chemicals and rubber4.03.22.00.7-8.7-22.6
Machinery4.43.32.30.4-3.2-24.4
Electrotechnical9.29.37.13.9-6.3-34.9
Construction parts2.02.23.80.3-6.1-28.7
Wood processing2.92.62.40.5-2.0-18.6
Paper and cellulose3.91.93.12.90.8-13.0
Glass, ceramics, and porcelain1.81.66.16.31.2-22.6
Textiles2.41.62.31.20.4-31.2
Clothing2.01.62.32.8-4.8-36.8
Leather processing1.4-0.51.70.3-1.5-31.4
Print3.22.14.01.47.9-22.5
Food and beverages1.70.50.42.3-2.0-16.4
Frozen foods, spring water, and tobacco products3.64.52.44.71.7-19.7
Other2.42.62.33.0-3.7-21.3
Total gross output3.22.52.10.8-3.5-21.3
Source: Czechoslovak authorities.

Production of goods—constant 1989 prices.

Source: Czechoslovak authorities.

Production of goods—constant 1989 prices.

Table A7.Employment by Sector(In thousands, yearly average)
19861987198819891990119912
Total employment37,7757,8247,8757,9017,8737,350
Material sphere5,8465,8745,8825,8685,7875,250
Agriculture861853839811795
Industry2,9232,9412,9512,9542,870
Construction685695700701731
Other1,3771,3851,3921,4021,391
Nonmaterial sphere1,9291,9501,9932,0332,0862,100
Education455461472480473
Health330334342350357
Transport (passenger)156156157159167
Science, research,
and development177179181182163
Other811820841862926
Memorandum items:
Women in work force
(percent)45.946.045.945.744.3
Workers in the state and cooperative
sector (percent)490.490.490.289.987.2
Average number of hours
worked per week543.143.143.040.640.6
Source: Czechoslovak authorities (new series).

Provisional data.

Estimated data.

Excluding trainees and women on maternity leave.

Excluding agricultural cooperatives (JZDs).

Manufacturing only, beginning 1989, excluding meal breaks.

Source: Czechoslovak authorities (new series).

Provisional data.

Estimated data.

Excluding trainees and women on maternity leave.

Excluding agricultural cooperatives (JZDs).

Manufacturing only, beginning 1989, excluding meal breaks.

Table A8.Balance of Payments in Convertible Currencies(In millions of U.S. dollars)
19911
19861987198819891990Jan.-Sept.
Current account468-59-59439-1,104-205
Trade balance224-124-83419-785-384
Exports, f.o.b.4,2934,5445,0145,4425,9945,732
Imports, f.o.b.4,0694,6695,0965,0226,7806,116
Services balance2811137455-279156
Receipts1,7241,7641,8091,8422,1461,770
Transportation881863885885959619
Travel103132149158339361
Income27131133639044292
Other469459438408405696
Expenditures1,4421,6521,7541,7872,4261,614
Transportation532571585592700296
Travel7080114179410260
Income436484562553758311
Other405517474462558746
Unrequited transfers (net)-37-47-51-35-4023
Private-5-5-9-5-637
Official-31-42-42-30-34-13
Capital account-12390367326326917
Direct investment (net)2256181503
Other long-term capital (net)-3783037-537181,098
Credits received by Czechoslovakia-111379360120758810
Credits extended by Czechoslovakia-268-76-352-173-40288
Short-term capital (net)36686360123-573-684
Valuation changes-108-155-20919-32433413
Errors and omissions-8984108-216
Overall balance260260207569-1,1021,053
Change in reserves (increase -)-260-260-207-5691,102-1,053
Source: Czechoslovak authorities.

Preliminary data.

For 1989-90, the amounts represent investment lending; only $10 million was in equity investment.

From 1990 onward, valuation changes are given so as to include errors and omissions.

Source: Czechoslovak authorities.

Preliminary data.

For 1989-90, the amounts represent investment lending; only $10 million was in equity investment.

From 1990 onward, valuation changes are given so as to include errors and omissions.

Table A9.Balance of Payments in Nonconvertible Currencie1(In millions of U.S. dollars)
19912
19861987198819891990Jan.-Sept.
Current account-3004301,152500-206746
Trade balance-610-146468-274-714566
Exports, f.o.b9,20210,64510,0178,7695,7441,759
Imports, f.o.b9,81210,7919,5499,0436,4571,193
Services balance262461568631261166
Receipts1,2581,4571,4441,5211,076324
Transportation78285078274264850
Travel28036045842315514
Income5761741128572
Other139185179245188188
Expenditures996996925890815158
Transportation4354394033863357
Travel27933028625124210
Income26352637291
Other256192210217209140
Unrequited transfers (net)4811511614324714
Private5810010313526612
Official-915138-192
Capital account84-498-1,260-615228648
Direct investment (net)-0183
Other long-term capital (net)-13-88-288-713-241-176
Credits received by Czechoslovakia-19-48-0-2-18
Credits extended by Czechoslovakia6-84-296-712-240-158
Short-term capital (net)97-410-97299451-474
Valuation changes-76234-22-223-983
Errors and omissions222574137
Overall balance
Source: Czechoslovak authorities.

For 1986-90, data vis-a-vis the CMEA in transferable rubles were converted into U.S. dollars using cross rates.

Preliminary data.

From 1990 onward, valuation changes are given so as to include errors and omissions.

Source: Czechoslovak authorities.

For 1986-90, data vis-a-vis the CMEA in transferable rubles were converted into U.S. dollars using cross rates.

Preliminary data.

From 1990 onward, valuation changes are given so as to include errors and omissions.

Table A10.Geographical Composition of Exports and Imports1(In percent)
1991
19861987198819891990QI-QIII
Exports, f.o.b.100.0100.0100.0100.0100.0100.0
Socialist countries65.968.064.560.849.039.4
Of which:China1.61.92.82.61.90.9
Yugoslavia4.03.73.13.33.55.6
CMEA60.362.358.554.943.432.4
Of which:Bulgaria2.72.92.72.31.40.1
Former GDR7.37.56.86.64.3
Hungary4.24.64.34.04.14.4
Poland7.17.98.18.56.26.7
Former U.S.S.R.35.735.933.630.525.219.8
Nonsocialist countries34.132.035.539.251.060.6
Industrial countries23.123.126.531.142.451.4
Of which:Austria3.53.30.04.65.95.7
France1.31.31.51.82.62.5
Italy1.51.51.72.13.14.1
Germany6.86.77.58.312.824.62
United Kingdom1.51.82.02.02.62.0
Netherlands1.21.11.31.52.23.0
Sweden0.80.90.9
United States0.50.50.60.60.80.9
Developing countries9.87.67.68.08.69.2
Of which:India0.60.60.70.80.90.5
Saudi Arabia0.10.31.5
Syria1.10.30.30.60.20.9
Brazil0.30.10.20.20.20.2
Imports, f.o.b.100.0100.0100.0100.0100.0100.0
Socialist countries68.467.663.262.351.244.1
Of which:China2.41.72.52.83.41.3
Yugoslavia3.03.23.13.33.32.3
CMEA62.962.657.456.144.440.1
Of which:Bulgaria2.74.32.52.21.20.6
Former GDR8.08.58.27.88.2
Hungary4.64.64.24.93.42.0
Poland7.38.28.38.68.65.0
Former U.S.S.R.37.636.231.329.621.631.7
Nonsocialist countries31.632.436.837.748.855.9
Industrial countries24.726.330.131.142.646.2
Of which:Austria4.14.55.25.59.77.2
France1.31.41.61.61.82.3
Italy1.61.81.81.72.33.3
Germany7.38.29.19.313.319.22
United Kingdom1.81.72.12.22.91.8
Netherlands1.01.01.21.01.31.8
United States0.40.20.40.40.61.9
Developing countries5.75.15.46.66.29.7
Of which:India0.50.60.81.51.10.3
Iran0.50.82.7
Syria0.10.30.20.20.10.1
Brazil0.30.40.50.80.81.2
Source: Czechoslovak authorities.

The terms “socialist” and “nonsocialist” here follow previously defined groupings. Socialist countries comprise former CMEA members, China, North Korea, and Yugoslavia.

Includes former GDR.

Source: Czechoslovak authorities.

The terms “socialist” and “nonsocialist” here follow previously defined groupings. Socialist countries comprise former CMEA members, China, North Korea, and Yugoslavia.

Includes former GDR.

Table A11.Commodity Composition of Exports, Standard International Trade Classification (SITC)1(In millions of U.S. dollar)
SITC
CategoryDescription1986198719881989199019912
0Food and live animals409437496670655740
1Beverages and tobacco515756525090
2Inedible crude materials,
except fuels482515426532448510
3Minerals, fuels, lubricants,
and related materials581661616751522400
33Petroleum and petroleum
products(226)(314)(269)(261)(11)(95)
4Animal and vegetable oils
and fats9315204120
5Chemicals8881,0641,2291,0921,0821,130
6Manufactured goods, classified
chiefly by material2,5532,8392,8093,2433,0733,010
7Machinery and transport
equipment6,7577,6447,0356,4164,6962,970
8Miscellaneous manufactured
articles1,5001,6971,5901,3971,2481,330
9Miscellaneous transactions
and commodities not
classified according to
kind198173624283175
Total SITC 0-913,42515,09214,89414,45411,99210,200
Memorandum item:
Exchange rate (Kcs per
Exchange rate (Kcs per U.S. dollar)15.0013.6814.3615.0517.9529.60
Source: Czechoslovak authorities.

Data were converted from koruny at average commercial exchange rate for each period.

Estimated.

Source: Czechoslovak authorities.

Data were converted from koruny at average commercial exchange rate for each period.

Estimated.

Table A12.Commodity Composition of Imports, Standard International Trade Classification (SITC)1(In millions of U.S. dollars)
SITC
CategoryDescription1986198719881989199019912
0Food and live animals9529331,034990747510
1Beverages and tobacco120129115101107110
2Inedible crude materials,
except fuels1,1531,2491,2261,2501,1031,010
3Minerals, fuels, lubricants,
and related materials3,4763,5622,7782,3361,9012,940
33Petroleum and petroleum
products(2,293)(2,314)(1,729)(1,410)(1,177)(1,640)
4Animal and vegetable oils
and fats504055527435
5Chemicals1,1021,2341,2691,3331,3531,010
6Manufactured goods, classified
chiefly by material1,4291,4531,3541,4861,414990
7Machinery and transport
equipment4,3305,3685,2815,2714,9502,800
8Miscellaneous manufactured
articles7288409018781.209680
9Miscellaneous transactions
and commodities not
classified according to
kind34543458243541515
Total SITC 0-913,68315,24114,59314,26613,27110,100
Memorandum item:
Exchange rate (Kcs per
Exchange rate (Kcs per U.S. dollar)15.0013.6814.3615.0517.9529.60
Source: Czechoslovak authorities.

Data were converted from koruny at average commercial exchange rate for each period.

Estimated.

Source: Czechoslovak authorities.

Data were converted from koruny at average commercial exchange rate for each period.

Estimated.

Table A13.External Debt in Convertible and Nonconvertible Currencies(In millions of U.S. dollars; end of period)
1991
19861987198819891990Jan.-Sept.
Debt in convertible currencies5,5676,6577,2817,9158,0758,766
Medium- and long-term2,8773,5813,8744,3285,1726,061
By maturity:
One to five years11,5402,0592,1471,9521,9153,786
Over five years1,3371,5221,7282,3773,2572,275
By creditor:
Foreign banks2,0422,1542,2282,6283,2903,273
Of which: trade related
Governments
Multilateral institutions1,338
Suppliers7811,1641,3751,4321,5831,202
Former CMEA countries
and institutions54262272268258248
By debtor:
Banking system2,0952,4172,4992,5743,0403,920
Government225
Corporations7811,1641,3751,7542,1321,916
Short-term2,6913,0763,4063,5872,9032,705
Debt in nonconvertible currencies1,1471,0005257761,1291,518
Medium- and long-term687170705329
Of which:
One to five years324140295329
Over five years36303041
Short-term1,0799294547061,0761,490
Total external debt6,7157,6577,8058,6919,21410,284
Of which:
Medium- and long-term2,9453,6523,9454,3985,2356,090
Short-term3,7704,0053,8614,2933,9794,194
Memorandum items:
Total external debt,
convertible currrencies (percent of
exports of goods and nonfactor
services in convertible currencies)9711111211510587
Stock of joint venture equity
owned by foreigners (million U.S. dollars)10513
Source: Czechoslovak authorities.

Estimated.

Source: Czechoslovak authorities.

Estimated.

Table A14.Exchange Rates
19901991
198719881989QIQIIQIIIQIVQIQIIQIII
(In koruny per U.S. dollar)
Average during period
Official rate15.475.32
Commercial rate2, 313.6814.3615.0516.5316.6215.9922.6727.8830.3230.53
Noncommercial rate2, 39.579.319.75
Auction rate4121.2478.7747.9934.3141.15
Parallel market rate527.7833.4442.3941.5136.2633.3241.0234.0831.6932.51
Tourist rate637.5530.1526.9730.99
(In koruny per transferable ruble)
Official rate18.008.00
Commercial rate7, 811.2010.4010.009.009.009.009.00
Noncommercial rate8, 916.0016.0015.0012.0012.0012.0012.00
(In koruny per U.S. dollar)
End of period
Official rate15.205.30
Commercial rate2, 313.0014.3114.2916.8116.5115.7128.0030.1531.0329.85
Noncommercial rate2, 39.109.289.26
Auction rate4114.3559.1539.3631.0439.40
Parallel market rate530.5440.3543.4841.4935.5733.5645.6536.2432.9030.65
Tourist rate636.9627.8526.4928.00
(In koruny per transferable ruble)
Official rate18.008.00
Commercial rate7, 811.2010.4010.009.009.009.009.00
Noncommercial rate8, 916.0016.0015.0012.0012.0012.0012.00
Sources: Czechoslovak authorities; and Schweizerischer Bankverein.

Official rate was abolished from January 1, 1989.

Until December 31, 1988, the commercial rate equaled the official rate multiplied by certain coefficients.

The commercial and noncommercial rates were unified from January 8, 1990.

First auction took place on August 30, 1989; last auction took place on December 12, 1990.

Data from Schweizerischer Bankverein.

Separate tourist rates were in effect during 1990, then unified with the commercial rate on December 28, 1990.

This rate applied to trade with the former GDR, Romania, and the former U.S.S.R. The rates for Bulgaria and Poland were 5 percent lower, and that for Hungary 10 percent higher than the rates shown.

Trade with the former CMEA countries was denominated in convertible currencies from January 1, 1991.

This rate was used for interstate settlements and differed according to individual countries. The data in the table represent those for the former U.S.S.R.

Sources: Czechoslovak authorities; and Schweizerischer Bankverein.

Official rate was abolished from January 1, 1989.

Until December 31, 1988, the commercial rate equaled the official rate multiplied by certain coefficients.

The commercial and noncommercial rates were unified from January 8, 1990.

First auction took place on August 30, 1989; last auction took place on December 12, 1990.

Data from Schweizerischer Bankverein.

Separate tourist rates were in effect during 1990, then unified with the commercial rate on December 28, 1990.

This rate applied to trade with the former GDR, Romania, and the former U.S.S.R. The rates for Bulgaria and Poland were 5 percent lower, and that for Hungary 10 percent higher than the rates shown.

Trade with the former CMEA countries was denominated in convertible currencies from January 1, 1991.

This rate was used for interstate settlements and differed according to individual countries. The data in the table represent those for the former U.S.S.R.

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