‘93/’94 Year-End Review and Outlook : An Economic Yearbook

Here is a year-end look at the performance of the California, national and world economies.

CALIFORNIA

Unemployment

(percentage of state labor force unemployed)

Nov. 1993: 8.6% Retail Sales

(in billions of 1987 dollars)

1993: 228.1 (Estimated) Personal Income (in millions of dollars)

1993: 657.8 (Average annualized projection, based on nine months of data)

Housing Starts

(single-family and multifamily residences, in thousands of units)

1993: 85.2 (Forecast)

THE NATION Unemployment

(percentage of U.S. labor force unemployed) Nov. 1993: 6.3% Consumer Price Index

(1982-84 = 100. Figures are seasonally adjusted.)

1993: 145.8 (November, 1993)

Gross Domestic Product

(in trillions of 1987 dollars)

1993 5.13 (Through Sept. 30)

Personal Income

(seasonally adjusted annual rate, in trillions of dollars)

1993: 5.51 (Based on data through Nov. 30)

THE WORLD

Leaders and laggards among developed countries, ranked by 1993 nominal gross domestic product, in billions of U.S. dollars. Leaders

Country 1993 1990 1980 United States 6,375.2 5,546.1 2,708.1 Japan 4,226.4 2,943.4 1,061.8 Germany 1,877.8 1,641.4 811.3 France 1,257.6 1,197.9 665.5 Italy 992.9 1,096.5 453.6

Laggards

Country 1993 1990 1980 Iceland 5.7 6.0 3.3 New Zealand 44.2 44.0 22.5 Ireland 45.2 44.5 19.9 Greece 74.3 66.4 40.2 Portugal 76.4 59.8 25.1

Sources: The WEFA Group, Bloomberg Business News, U.S. Dept. of Labor, U.S. Dept. of Commerce, State of California Dept. of Finance, Construction Industry Research Board Researched by ADAM S. BAUMAN / Los Angeles Times