Ability to Assume the Obligations of Membership 4. Revised data using the new PPP results from the 1996 International Comparison Project. Merchandise trade flows are using the commodity classification according to the Combined Nomenclature. Imports are recorded on CIF basis, exports on FOB basis. Eurostat has converted the National Currency to the US dollar by applying the International Monetary Fund annual average exchange rates.
Gold is valued at end-year market price.
M1 generally means notes and coin in circulation plus bank sight deposits. M2 generally means M1 plus savings deposits plus other short-term claims on banks. Total credit generally means domestic credit to the government and private sectors. It should be noted that the problem of measuring the circulation of foreign currency in some Applicant Countries may affect the reliability of the data. Lending rates generally consist of the average rate charged on loans granted by reporting banks.