Title here up to three lines Arial Regular 26 pt. use one cover only

A member of MUFG, a global financial group

中東欧、ロシア、CIS

諸国の主要経済指標

Main Economic Indicators

for CEE, Russia and CIS

The Bank of Tokyo-Mitsubishi UFJ, Ltd.

三菱東京UFJ銀行 経済調査室 （ロンドン駐在）

Economic Research Office （London）,

The Bank of Tokyo-Mitsubishi UFJ

06

th

_{March 2018}

目次 / Table of contents

1: 主要経済指標

Main economic indicators

ポーランド/ Poland

03

チェコ/ Czech Republic

04

ハンガリー/ Hungary

05

ルｰマニア/ Romania

06

スロバキア/ Slovakia

07

クロアチア/ Croatia

08

ブルガリア/ Bulgaria

09

セルビア/ Serbia

10

マケドニア/ Macedonia

11

ロシア/ Russia

12

カザフスタン/ Kazakhstan

13

ウクライナ/ Ukraine

14

2

2: 実質GDP成長率

Real GDP growth rate

15

3: 為替相場

ポーランド / Poland

3

ポーランド/Poland 2015 2016 2017 16/Q4 17/Q1 Q2 Q3 Q4 10 11 12 18/01 02 名目GDP Nominal GDP (US$ bn) 477.1 471.0 525.0 129.0 112.5 124.3 134.5 156.6 実質GDP成長率 (q/q, %)** 1.8 1.1 1.0 1.2 1.0

Real GDPGrowth (y/y, %) 2.7 4.1 4.0 4.9 5.1

鉱工業生産

Industrial Production (y/y, %) 4.9 3.0 6.5 1.4 7.1 4.3 6.4 8.0 12.3 9.1 2.7 8.6

-小売売上

Retail Sales (y/y, %) 4.2 5.4 7.1 6.0 7.5 6.6 7.1 7.0 7.1 8.8 5.2 7.7

-銀行貸出伸び率

Bank Lending Growth (y/y, %) 7.2 5.0 3.6 5.0 5.6 4.8 5.3 3.6 4.8 3.8 3.6 4.0

-消費者物価上昇率

Consumer Price Index (y/y, %) -0.9 -0.6 2.0 0.2 2.0 1.8 1.9 2.2 2.1 2.5 2.1 1.9

-賃金上昇率

Wage Growth (y/y, %) 3.5 4.1 5.7 3.4 4.5 5.2 5.9 7.1 7.4 6.5 7.3 7.3

-失業率

Unemployment rate (%) 10.5 8.9 7.3 8.2 8.3 7.3 6.9 6.6 6.6 6.5 6.6 6.9

-貿易収支

Trade Balance (US$ m) 4,129 5,304 400 676 377 637 1,027 -1,641 378 -409 -1,609 -

-輸出額

Exports (US$ m) 199,378 203,725 228,200 53,284 51,335 54,979 57,956 63,930 22,017 21,597 17,737 -

-輸出伸び率

Exports Growth (y/y, %) 8.1 7.2 8.3 7.4 13.7 5.6 9.8 4.5 14.1 5.2 -6.2 -

-輸入額　

Imports (US$ m) 195,249 198,421 227,800 52,608 50,959 54,342 56,929 65,571 21,549 21,707 19,410 -

-輸入伸び率

Imports Growth (y/y, %) 5.2 6.1 10.4 6.9 15.2 9.3 8.5 8.7 13.5 9.4 3.1 -

-経常収支

Current Account Balance (US$ m) -2,659 -1,369 - -237 1,768 -879 130

-資本収支

Capital & Financial Account Balance (US$ m) 12,084 4,333 - 2,413 931 477 707 -対内直接投資

Foreign Direct Investment (inflow) (US$ m) 15,065 16,758 - 5,407 1,894 -1,949 2,893 -外貨準備高

International Reserve (US$ m) 91,395 110,535 108,975 110,535 107,866 107,599 107,080 108,975 対外債務残高

Gross External Debt (US$ m) 331,121 337,633 - 337,633 344,954 364,965 369,450

-株価指数

Stock price index 52,065 46,924 61,054 48,938 56,838 60,629 63,107 63,699 64,399 63,695 62,895 66,107 63,079

1.75 1.70 1.73 1.73 1.73 1.73 1.73 1.73 1.73 1.73 1.72 1.72 1.72 2.70 3.04 3.42 3.32 3.72 3.32 3.30 3.35 3.38 3.39 3.27 3.32 -Zloty/USD 3.77 3.95 3.78 4.07 4.05 3.83 3.62 3.59 3.63 3.60 3.55 3.41 3.38 Zloty/Euro 4.18 4.36 4.26 4.38 4.32 4.22 4.26 4.23 4.26 4.23 4.20 4.16 4.17 JPY/Zloty 32.10 27.56 29.70 26.95 28.02 29.00 30.61 31.42 31.13 31.33 31.82 32.49 31.95 （資料）Macrobond, Eurostat, 統計局（注）*は季節・稼働日調整済、**季節調整済、***稼働日調整済、貿易収支は通関ベース

(Source) Macrobond, Eurostat, National Statistics Office (Note) * Data is seasonally and calendar adjusted, ** seasonally adjusted, *** calendar adjusted. Trade balance is custom based. 短期金利 (Interbank 3m)

Short-term interest rates (Interbank 3m) EU調整長期金利（10年物国債)

Long-term interest rates (Gov.10y bond yields)

4.5

チェコ / Czech Republic

4

チェコ共和国/Czech Republic 2015 2016 2017 16/Q4 17/Q1 Q2 Q3 Q4 10 11 12 18/01 02 名目GDP Nominal GDP (US$ bn)* 186.9 195.2 216.1 47.9 48.2 52.2 57.6 59.3 実質GDP成長率 (q/q, %)* 0.4 1.5 2.4 0.6 0.5

Real GDPGrowth (y/y, %) 1.7 4.0 3.3 4.8 5.1

鉱工業生産

Industrial Production (y/y, %)*** 4.9 2.9 6.2 3.3 4.9 6.9 5.8 7.2 5.1 8.5 8.0 -

-小売売上

Retail Sales (y/y, %) 8.1 6.6 4.6 4.6 6.7 3.6 3.3 4.7 7.0 4.9 2.2 -

-銀行貸出伸び率

Bank Lending Growth (y/y, %) 6.4 6.9 6.0 6.9 8.2 8.1 7.8 6.0 6.3 5.5 6.0 5.6

-消費者物価上昇率

Consumer Price Index (y/y, %) 0.3 0.7 2.5 1.4 2.4 2.2 2.6 2.6 2.9 2.6 2.4 2.2

-賃金上昇率

Wage Growth (y/y, %) 3.2 3.7 - 3.7 5.3 7.6 6.8

-失業率

Unemployment rate (%)** 5.1 4.0 2.9 3.7 3.4 3.2 2.8 2.5 2.5 2.4 2.4 2.4

-貿易収支

Trade Balance (US$ m) 5,326 6,695 6,528 585 2,727 1,971 855 775 383 492 -102 -

-輸出額

Exports (US$ m) 132,659 134,955 149,111 33,277 35,574 37,346 36,467 40,011 14,303 14,303 11,395 -

-輸出伸び率

Exports Growth (y/y, %) 3.6 1.1 5.6 0.4 9.1 4.8 4.1 4.4 10.1 2.7 -0.1 -

-輸入額　

Imports (US$ m) 127,333 128,260 142,582 32,692 32,847 35,375 35,612 39,236 13,920 13,811 11,497 -

-輸入伸び率

Imports Growth (y/y, %) 4.3 0.1 6.3 1.5 8.9 6.9 5.2 4.2 13.0 2.0 -2.5 -

-経常収支

Current Account Balance (US$ m) 459 2,153 - -910 3,849 -358 -1,696

-資本収支

Capital & Financial Account Balance (US$ m) 11,289 7,003 - 506 3,836 1,600 276 -対内直接投資

Foreign Direct Investment (inflow) (US$ m) 1,690 6,497 - 2,090 3,091 1,678 2,346

-外貨準備高

International Reserve (US$ m) 64,148 85,366 147,583 85,366 131,060 141,981 146,369 147,583 対外債務残高

Gross External Debt (US$ m) 118,252 130,573 - 130,573 164,026 170,962 173,896

-株価指数

Stock price index 1,258 1,147 1,327 1,170 1,246 1,308 1,342 1,415 1,389 1,419 1,437 1,496 1,492

0.29 0.28 0.76 0.29 0.28 0.29 0.40 0.66 0.51 0.71 0.75 0.77 0.90 0.72 0.46 0.99 0.49 0.62 0.89 0.90 1.56 1.39 1.68 1.61 1.84 1.89 Koruna/USD 24.60 24.45 23.37 25.09 25.36 24.11 22.21 21.79 21.92 21.76 21.69 20.87 20.51 Koruna/Euro 27.28 27.03 26.33 27.03 27.02 26.55 26.09 25.65 25.77 25.54 25.66 25.46 25.32 JPY/Koruna 4.92 4.45 4.80 4.37 4.48 4.61 5.00 5.18 5.15 5.18 5.21 5.32 5.26 （資料）Macrobond, Eurostat, 統計局（注）*は季節・稼働日調整済、**季節調整済、***稼働日調整済、貿易収支は通関ベース

(Source) Macrobond, Eurostat, National Statistics Office (Note) * Data is seasonally and calendar adjusted, ** seasonally adjusted, *** calendar adjusted. Trade balance is custom based. 短期金利 (Interbank 3m)

Short-term interest rates (Interbank 3m) EU調整長期金利（10年物国債)

Long-term interest rates (Gov.10y bond yields)

ハンガリー / Hungary

5

ハンガリー/Hungary 2015 2016 2017 16/Q4 17/Q1 Q2 Q3 Q4 10 11 12 18/01 02 名目GDP Nominal GDP (US$ bn) 122.9 125.8 - 33.9 29.0 33.6 37.2 -実質GDP成長率 (q/q, %)* 0.7 1.4 1.0 1.0 1.3

Real GDPGrowth (y/y, %) 1.9 4.3 3.3 3.9 4.4

鉱工業生産

Industrial Production (y/y, %)*** 7.2 0.8 5.6 0.3 6.7 5.3 5.1 5.3 7.8 3.6 4.5 -

-小売売上

Retail Sales (y/y, %)*** 5.8 4.6 5.2 3.1 4.9 4.5 4.8 6.7 6.9 6.6 6.7 7.5

-銀行貸出伸び率

Bank Lending Growth (y/y, %) -11.1 -1.2 5.2 -1.2 0.0 2.5 4.4 5.2 4.9 5.7 5.2 6.0

-消費者物価上昇率

Consumer Price Index (y/y, %) -0.1 0.4 2.3 1.3 2.6 2.1 2.4 2.3 2.2 2.5 2.1 2.1

-賃金上昇率

Wage Growth (y/y, %) 4.3 6.2 12.8 6.4 11.0 14.0 13.3 13.1 12.8 13.0 13.5 -

-失業率

Unemployment rate (%) 6.9 5.3 4.2 4.4 4.5 4.3 4.1 3.8 4.0 3.8 3.8 3.8

-貿易収支

Trade Balance (US$ m) 2,665 3,029 2,501 643 665 797 524 516 147 208 161 -

-輸出額

Exports (US$ m) 28,014 28,960 31,103 7,341 7,814 7,941 7,457 7,892 2,739 2,816 2,337 -

-輸出伸び率

Exports Growth (y/y, %) 7.5 3.4 7.4 2.1 11.4 5.8 5.0 7.5 12.2 6.9 3.1 -

-輸入額　

Imports (US$ m) 25,349 25,931 28,602 6,699 7,149 7,144 6,933 7,375 2,591 2,608 2,176 -

-輸入伸び率

Imports Growth (y/y, %) 5.1 2.3 10.3 2.7 15.1 8.1 8.1 10.1 18.0 9.2 2.9 -

-経常収支

Current Account Balance (US$ m) 4,257 7,704 - 1,002 1,149 2,057 947

-資本収支

Capital & Financial Account Balance (US$ m) 13,291 4,993 - 471 795 4,207 550 -対内直接投資

Foreign Direct Investment (inflow) (US$ m) -14,737 -6,365 - 1,858 3,121 290 1,538 -外貨準備高

International Reserve (US$ m) 33,019 25,824 27,874 25,824 25,971 26,630 26,101 27,874

対外債務残高

Gross External Debt (US$ m) 128,829 115,449 - 115,449 118,782 125,180 126,111

-株価指数

Stock price index 21,036 27,128 35,664 30,076 32,812 34,082 36,870 38,953 38,819 39,515 38,481 40,091 38,859

1.61 0.99 0.14 0.64 0.25 0.16 0.13 0.03 0.03 0.03 0.03 0.02 0.02 3.43 3.14 2.96 3.20 3.47 3.12 2.97 2.29 2.57 2.23 2.07 2.06 -Forint/USD 279.39 281.65 274.31 287.29 290.05 281.61 260.84 264.68 263.75 265.72 264.55 253.49 252.69 Forint/Euro 309.93 311.47 309.25 309.35 309.09 309.89 306.42 311.60 309.95 311.89 313.03 309.31 311.74 JPY/Forint 0.433 0.386 0.409 0.382 0.392 0.395 0.425 0.427 0.428 0.424 0.427 0.437 0.427 （資料）Macrobond, Eurostat, 統計局（注）*は季節・稼働日調整済、**季節調整済、***稼働日調整済、失業率は3カ月移動平均、貿易収支は通関ベース。

(Source) Macrobond, Eurostat, National Statistics Office (Note) * Data is seasonally and calendar adjusted, ** seasonally adjusted, *** calendar adjusted. Unemployment rate - three months moving average. Trade balance is custom based.

短期金利 (Interbank 3m)

Short-term interest rates (Interbank 3m) EU調整長期金利（10年物国債)

Long-term interest rates (Gov.10y bond yields)

ルーマニア / Romania

6

ルーマニア/Romania 2015 2016 2017 16/Q4 17/Q1 Q2 Q3 Q4 10 11 12 18/01 02 名目GDP Nominal GDP (US$ bn) 177.4 187.5 - 54.7 38.7 47.7 60.7 -実質GDP成長率 (q/q, %)** 1.7 2.0 2.0 2.6 1.3

Real GDPGrowth (y/y, %) 4.8 5.7 6.1 8.8

-鉱工業生産

Industrial Production (y/y, %)*** 3.0 0.7 9.2 2.2 6.8 10.8 8.5 10.7 9.9 9.9 12.2 -

-小売売上

Retail Sales (y/y, %)* 9.4 14.8 10.1 10.1 6.5 8.1 13.2 12.6 11.7 11.5 14.6 -

-銀行貸出伸び率

Bank Lending Growth (y/y, %) 3.0 1.2 5.6 1.2 3.1 4.2 7.3 5.6 6.7 6.8 5.6 -

-消費者物価上昇率

Consumer Price Index (y/y, %) -0.6 - 1.5 1.3 - 0.5 0.1 0.7 1.4 3.1 2.6 3.2 3.3 4.3

-賃金上昇率

Wage Growth (y/y, %) 8.3 13.0 14.2 12.4 15.7 14.2 14.1 12.8 13.5 13.4 11.7 -

-失業率

Unemployment rate (%)** 6.8 5.9 4.9 5.5 5.3 5.0 4.9 4.7 4.7 4.8 4.6 4.6

-貿易収支

Trade Balance (US$ m) -9,273 -11,028 -14,608 -3,275 -2,450 -3,877 -3,614 -4,778 -1,557 -1,319 -1,905 -

-輸出額

Exports (US$ m) 60,566 63,467 70,631 15,845 16,492 16,971 18,448 18,889 6,774 6,792 5,317 -

-輸出伸び率

Exports Growth (y/y, %) -13.0 4.8 11.3 5.8 7.9 5.0 14.0 19.2 20.9 18.6 17.0 -

-輸入額　

Imports (US$ m) 69,839 74,494 85,240 19,120 18,941 20,848 22,062 23,667 8,331 8,111 7,222 -

-輸入伸び率

Imports Growth (y/y, %) -10.0 6.7 14.4 5.8 8.6 9.6 16.7 23.8 24.7 21.8 24.4 -

-経常収支

Current Account Balance (US$ m) -2,188 -3,868 -7,287 -660 -857 -3,072 -1,668 -1,705

資本収支

Capital & Financial Account Balance (US$ m) 6,854 6,426 -877 -477 -33 -292 -877 312 対内直接投資

Foreign Direct Investment (inflow) (US$ m) 4,308 6,255 4,939 1,851 1,545 517 2,004 888 外貨準備高

International Reserve (US$ m) 35,167 36,133 40,107 36,133 36,832 40,168 39,316 40,107

対外債務残高

Gross External Debt (US$ m) 99,998 98,037 112,830 98,037 100,642 107,104 110,208 112,830 株価指数

Stock price index 7,218 6,673 7,993 6,899 7,667 8,351 8,165 7,811 7,946 7,773 7,709 8,207 8,232

1.33 0.78 1.15 0.77 0.83 0.86 0.94 1.98 1.82 2.02 2.13 1.99 2.05 3.47 3.32 3.96 3.41 3.90 3.74 3.86 4.33 4.17 4.43 4.38 4.24 -Leu/USD 4.01 4.06 4.05 4.19 4.24 4.14 3.90 3.92 3.90 3.95 3.92 3.81 3.77 Leu/Euro 4.45 4.49 4.57 4.51 4.52 4.55 4.58 4.62 4.59 4.63 4.64 4.65 4.66 JPY/Leu 30.20 26.78 27.68 26.19 26.77 26.86 28.44 28.78 28.92 28.58 28.85 29.08 28.59 （資料）Macrobond, Eurostat, 統計局（注）*は季節・稼働日調整済、**季節調整済、***稼働日調整済、貿易収支は通関ベース

(Source) Macrobond, Eurostat, National Statistics Office (Note) * Data is seasonally and calendar adjusted, ** seasonally adjusted, *** calendar adjusted. Trade balance is custom based. EU調整長期金利（10年物国債)

Long-term interest rates (Gov.10y bond yields) 短期金利 (Interbank 3m)

Short-term interest rates (Interbank 3m)

-スロバキア / Slovakia

7

スロバキア/Slovakia 2015 2016 2017 16/Q4 17/Q1 Q2 Q3 Q4 10 11 12 18/01 02 名目GDP Nominal GDP (US$ bn) 87.5 89.7 95.8 22.6 20.6 23.3 26.2 26.1 実質GDP成長率 (q/q, %)** 0.9 0.8 1.0 0.8 0.9

Real GDPGrowth (y/y, %) 3.2 3.0 3.7 3.4 3.5

鉱工業生産

Industrial Production (y/y, %) 7.3 5.0 4.0 4.0 8.6 1.0 3.1 3.4 6.4 6.0 -2.3 -

-小売売上

Retail Sales (y/y, %) 1.7 2.1 6.0 3.0 5.4 7.3 5.5 5.7 5.6 6.0 5.6 4.4

-銀行貸出伸び率

Bank Lending Growth (y/y, %) 9.7 9.3 9.9 9.3 11.2 11.7 11.2 9.9 10.5 10.0 9.9 10.1

-消費者物価上昇率

Consumer Price Index (y/y, %) -0.3 -0.5 1.4 -0.1 1.0 1.0 1.6 2.0 1.8 2.1 2.0 2.6

-賃金上昇率

Wage Growth (y/y, %) 2.9 3.2 - 3.6 3.5 4.8 5.2

-失業率

Unemployment rate (%) 11.5 9.7 - 8.9 8.4 7.3 6.6 6.0 6.1 6.0 5.9 5.9

-貿易収支

Trade Balance (US$ m) 3,681 4,032 3,596 736 892 1,024 481 1,191 596 582 10 -

-輸出額

Exports (US$ m) 75,062 77,445 84,640 20,144 19,723 20,360 20,939 23,825 8,567 8,588 6,662 -

-輸出伸び率

Exports Growth (y/y, %) 4.5 3.7 7.3 4.6 11.3 2.0 7.8 8.0 10.7 8.0 5.3 -

-輸入額　

Imports (US$ m) 71,380 73,413 81,044 19,408 18,831 19,336 20,458 22,634 7,971 8,006 6,652 -

-輸入伸び率

Imports Growth (y/y, %) 7.2 3.3 8.4 4.3 12.9 3.9 10.1 6.6 12.1 5.2 2.5 -

-経常収支

Current Account Balance (US$ m) 142 -1,248 - -467 -744 33 -392 -822

資本収支

Capital & Financial Account Balance (US$ m) 4,008 1,284 - -381 -1,470 -1,090 -237 -2,016 対内直接投資

Foreign Direct Investment (inflow) (US$ m) 1,104 3,412 - 990 1,046 2,493 941 1,497

外貨準備高

International Reserve (US$ m) 1,812 1,712 2,300 1,712 1,612 1,998 2,059 2,300

対外債務残高

Gross External Debt (US$ m) 73,065 77,820 - 77,820 83,309 89,873 96,527

-株価指数

Stock price index 259.6 315.5 317.6 313.4 309.5 308.9 331.8 320.7 317.5 321.1 324.1 334.8 335.6

-0.02 - 0.26 - 0.33 - 0.31 - 0.33 - 0.33 - 0.33 - 0.33 -0.33 -0.33 -0.33 -0.33 -0.33 0.89 0.54 0.92 0.72 1.07 0.98 0.86 0.75 0.83 0.76 0.67 0.69 -EUR/USD 0.90 0.90 0.89 0.93 0.94 0.91 0.85 0.85 0.85 0.85 0.85 0.82 0.81 GBP/EUR 0.73 0.82 0.88 0.87 0.86 0.86 0.90 0.89 0.89 0.89 0.88 0.88 0.88 JPY/EUR 134.25 120.27 126.45 118.08 121.07 122.29 130.34 132.94 132.72 132.43 133.70 135.25 133.13 （資料）Macrobond, Eurostat , 統計局（注）*は季節・稼働日調整済、**季節調整済、***稼働日調整済、貿易収支は通関ベース

(Source) Macrobond, Eurostat, National Statistics Office (Note) * Data is seasonally and calendar adjusted, ** seasonally adjusted, *** calendar adjusted. Trade balance is custom based. 短期金利 (Interbank 3m)

Short-term interest rates (Interbank 3m) 長期金利（10年物国債)

Long-term interest rates (Gov.10y bond yields)

クロアチア / Croatia

8

クロアチア/Croatia 2015 2016 2017 16/Q4 17/Q1 Q2 Q3 Q4 10 11 12 18/01 02 名目GDP Nominal GDP (US$ bn) 49.4 51.3 - 12.5 11.4 13.5 16.1 -実質GDP成長率 (q/q, %)* 0.6 0.8 0.9 0.9

-Real GDPGrowth (y/y, %) 3.5 2.6 3.0 3.3 2.0

鉱工業生産

Industrial Production (y/y, %)** 2.5 5.0 1.9 7.7 2.3 2.7 3.0 -0.3 4.2 -1.9 -2.8 -

-小売売上

Retail Sales (y/y, %) 2.4 4.4 4.4 4.7 3.3 5.2 5.6 3.0 3.2 5.7 0.5 -

-銀行貸出伸び率

Bank Lending Growth (y/y, %) -2.0 -6.0 -4.7 -6.0 -3.4 -3.2 -1.9 -4.7 -2.3 -2.3 -4.7 -4.7

-消費者物価上昇率

Consumer Price Index (y/y, %) -0.3 -0.6 1.3 0.7 1.1 1.1 1.6 1.3 1.6 1.6 1.3 1.2

-賃金上昇率

Wage Growth (y/y, %) 1.7 4.1 - 6.2 3.0 6.5 5.3

-失業率

Unemployment rate (%) 16.1 13.4 11.1 13.2 13.7 10.4 9.5 10.6 10.4 10.8 10.7 11.3

-貿易収支

Trade Balance (US$ m) -7,575 -7,743 - -1,669 -2,130 -2,651 -2,535 - -669 -531 - -

-輸出額

Exports (US$ m) 11,071 11,091 - 3,078 2,978 3,248 3,434 - 1,535 1,559 - -

-輸出伸び率

Exports Growth (y/y, %) -3.1 0.2 - 6.8 19.4 8.2 10.5 - 22.2 19.7 - -

-輸入額　

Imports (US$ m) 18,647 18,834 - 4,748 5,107 5,899 5,969 - 2,204 2,091 - -

-輸入伸び率

Imports Growth (y/y, %) -3.4 1.0 - 5.4 16.6 9.7 11.2 - 21.0 10.1 - -

-経常収支

Current Account Balance (US$ m) 2,325 1,355 - -736 -1,628 169 4,539

-資本収支

Capital & Financial Account Balance (US$ m) 2,393 1,896 - -122 -1,059 718 3,441 -対内直接投資

Foreign Direct Investment (inflow) (US$ m) 228 1,885 - 347 500 226 716

-外貨準備高

International Reserve (US$ m) 14,967 14,244 18,818 14,244 17,256 16,008 17,642 18,818

対外債務残高

Gross External Debt (US$ m) 49,292 43,968 - 43,968 46,932 45,930 46,942

-株価指数

Stock price index 1,735 1,771 1,938 1,974 2,137 1,888 1,871 1,850 1,848 1,851 1,851 1,864 1,853

1.23 0.86 0.60 0.87 0.65 0.59 0.60 0.57 0.59 0.58 0.55 0.53 0.50

Kuna/USD 6.87 6.81 6.62 6.98 7.01 6.75 6.32 6.40 6.39 6.43 6.37 6.10 6.03

Kuna/EUR 7.62 7.53 7.46 7.52 7.47 7.43 7.43 7.53 7.51 7.55 7.54 7.43 7.44

JPY/Kuna 17.63 15.96 16.94 15.70 16.21 16.46 17.55 17.65 17.68 17.54 17.74 18.19 17.89

（資料）Macrobond, Eurostat, 統計局 （注）*は季節・稼働日調整済、**季節調整済、***稼働日調整済、貿易収支は通関ベース

(Source) Macrobond, Eurostat, National Statistics Office (Note) * Data is seasonally and calendar adjusted, ** seasonally adjusted, *** calendar adjusted. Trade balance is custom based 短期金利 (Interbank 3m)

Short-term interest rates (Interbank 3m)

2.8 3.2

ブルガリア / Bulgaria

9

ブルガリア/Bulgaria 2015 2016 2017 16/Q4 17/Q1 Q2 Q3 Q4 10 11 12 18/01 02 名目GDP Nominal GDP (US$ bn) 50.1 53.2 57.1 14.5 10.9 13.6 16.2 16.8 実質GDP成長率 (q/q, %)** 1.1 0.9 1.0 0.9

-Real GDPGrowth (y/y, %) 4.3 3.6 3.9 3.8

-鉱工業生産

Industrial Production (y/y, %) 2.9 2.7 3.5 4.1 3.9 4.8 3.5 1.8 4.4 2.1 -1.0 -

-小売売上

Retail Sales (y/y, %)** 11.8 3.8 3.6 4.3 4.0 3.6 3.1 3.8 3.9 5.2 4.4 -

-銀行貸出伸び率　

Bank Lending Growth (y/y, %) -1.5 1.0 3.4 1.0 3.3 3.5 4.2 3.4 3.3 3.2 3.3 3.3

-消費者物価上昇率

Consumer Price Index (y/y, %) -1.1 -1.3 1.2 -0.8 0.8 1.4 0.9 1.7 1.5 1.9 1.8 1.3

-賃金上昇率

Wage Growth (y/y, %) 7.7 7.7 10.0 8.2 9.2 9.9 10.2 10.7 10.4 10.7 11.0 -

-失業率

Unemployment rate (%)** 9.1 7.5 6.3 6.8 6.5 6.2 6.2 6.1 6.1 6.1 6.1 5.9

-貿易収支

Trade Balance (US$ m) -3,848 -2,363 - -780 -1,003 -909 -572 -1,620 -310.5 -532.3 -747.2 -

-輸出額

Exports (US$ m) 25,373 26,564 29,960 6,880 6,621 7,542 8,073 8,336 2960.8 2744.3 2467.2 -

-輸出伸び率

Exports Growth (y/y, %) 4.3 5.2 10.9 16.3 15.2 13.6 8.2 6.4 15.1 5.1 -1.0 -

-輸入額　

Imports (US$ m) 29,220 28,927 33,982 7,660 7,624 8,450 8,645 9,956 3,271 3,277 3,214 -

-輸入伸び率

Imports Growth (y/y, %) 1.1 -0.6 15.4 5.3 20.3 16.6 10.4 14.2 12.7 15.3 14.6 -

-経常収支

Current Account Balance (US$ m) -19 2,832 2,233 -119 -180 567 2,612 -670

資本収支

Capital & Financial Account Balance (US$ m) 4,895 5,947 3,275 1,133 -381 470 2,480 -対内直接投資

Foreign Direct Investment (inflow) (US$ m) 2,695 1,152 1,538 - 249 380 258 429 504

外貨準備高

International Reserve (US$ m) 20,783 23,691 26,693 23,691 24,095 25,740 27,313 26,693

対外債務残高

Gross External Debt (US$ m) 37,956 36,709 - 36,709 36,683 39,275 39,598

-株価指数

Stock price index 474.0 476.3 664.0 543.8 612.2 666.2 708.0 669.4 670.4 669.8 667.8 702.4 696.4

0.54 0.16 0.09 0.13 0.12 0.11 0.10 0.05 0.06 0.05 0.04 0.01 0.01 2.49 2.27 1.60 1.82 1.75 1.74 1.67 1.25 1.40 1.33 1.02 0.90 -Lev/USD 1.77 1.77 1.73 1.82 1.84 1.78 1.67 1.66 1.66 1.67 1.65 1.60 1.58 Lev/EUR 1.96 1.96 1.96 1.96 1.96 1.96 1.96 1.96 1.96 1.96 1.96 1.96 1.96 JPY/Lev 68.46 61.46 64.64 60.36 61.88 62.51 66.63 67.97 67.86 67.71 68.36 69.14 68.06 （資料）Macrobond, Eurostat, 統計局（注）*は季節・稼働日調整済、**季節調整済、***稼働日調整済、貿易収支は通関ベース

(Source) Macrobond, Eurostat, National Statistics Office (Note) * Data is seasonally and calendar adjusted, ** seasonally adjusted, *** calendar adjusted. Trade balance is custom based. 短期金利 (Interbank 3m)

Short-term interest rates (Interbank 3m) 長期金利（10年物国債)

Long-term interest rates (Gov.10y bond yields)

-4.0 3.6

セルビア / Serbia

10

セルビア/Serbia 2015 2016 2017 16/Q4 17/Q1 Q2 Q3 Q4 10 11 12 18/01 02 名目GDP Nominal GDP (US$ bn) 37.1 38.3 41.5 10.1 8.5 9.8 11.4 12.1 実質GDP成長率 (q/q, %)* 0.0 0.0 0.7 1.3 0.6

Real GDPGrowth (y/y, %)* 2.5 0.8 1.6 2.0 2.6

鉱工業生産

Industrial Production (y/y, %) 8.4 4.8 3.4 2.8 0.7 3.1 6.3 3.5 4.4 5.5 0.5 10.6

-小売売上

Retail Sales (y/y, %) 1.6 7.6 3.6 6.9 4.0 4.7 3.7 2.3 2.5 3.0 1.5 7.0

-消費者物価上昇率

Consumer Price Index (y/y, %) 1.4 1.1 3.2 1.5 3.1 3.7 3.0 2.9 2.8 2.8 3.0 1.9

-賃金上昇率

Wage Growth (y/y, %)*** -0.4 3.8 4.0 3.5 4.3 4.7 3.9 3.0 3.5 4.0 1.7 -

-貿易収支

Trade Balance (US$ m) -4,820 -4,253 -5,187 -1,162 -1,155 -1,175 -1,116 -1,742 -549 -549 -644 -

-輸出額

Exports (US$ m) 13,379 14,875 16,941 3,792 3,734 4,313 4,436 4,459 1,535 1,527 1,396 -

-輸出伸び率

Exports Growth (y/y, %) -9.9 11.2 13.9 14.0 9.2 10.1 18.4 17.6 21.3 18.6 12.7 -

-輸入額　

Imports (US$ m) 18,210 19,128 22,128 4,954 4,888 5,487 5,552 6,200 2,084 2,076 2,040 -

-輸入伸び率

Imports Growth (y/y, %) -11.6 5.0 15.7 4.3 11.2 7.3 19.1 25.2 28.0 29.1 18.8 -

-経常収支

Current Account Balance (US$ m) -1,749 -1,189 -2,356 -261 -743 -380 -454 -814

資本収支

Capital & Financial Account Balance (US$ m) -1,356 -603 -1,900 -181 -519 -378 -301 -737 対内直接投資

Foreign Direct Investment (inflow) (US$ m) 2,345 2,352 2,869 520 625 720 883 699

外貨準備高

International Reserve (US$ m) 10,727 10,060 11,099 10,060 9,633 10,302 11,739 11,099

対外債務残高

Gross External Debt (US$ m) 28,628 27,630 - 27,630 27,997 29,001 30,782

-株価指数

Stock price index 657.3 630.0 724.7 681.0 718.6 723.4 721.2 735.5 726.6 734.5 746.0 769.0 763.5

6.14 3.44 3.41 3.47 3.50 3.53 3.49 3.10 3.13 3.07 3.09 3.10 3.12

108.86 111.35 107.70 114.41 116.24 111.56 101.91 101.10 101.44 101.23 100.60 97.26 95.86

120.73 123.13 121.44 123.23 123.86 122.80 119.71 119.04 119.25 118.85 119.03 118.60 118.31

JPY/Dinar 1.11 0.98 1.04 0.96 0.98 1.00 1.09 1.12 1.11 1.11 1.12 1.14 1.13

（資料）Macrobond, Eurostat, 統計局（注）*は季節・稼働日調整済、**季節調整済、***稼働日調整済、貿易収支は通関ベース

(Source) Macrobond, Eurostat, National Statistics Office (Note) * Data is seasonally and calendar adjusted, ** seasonally adjusted, *** calendar adjusted. Trade balance is custom based.

Dinar/USD Dinar/EUR

短期金利 (Interbank 3m)

Short-term interest rates (Interbank 3m)

1.8 2.8

マケドニア / Macedonia

11

マケドニア/Macedonia 2015 2016 2017 16/Q4 17/Q1 Q2 Q3 Q4 10 11 12 18/01 02 名目GDP Nominal GDP (US$ bn) 10.1 10.8 - 2.8 2.5 2.7 3.1 -実質GDP成長率

Real GDPGrowth (y/y, %) 3.8 2.9 - 3.3 0.0 -1.3 0.2

-鉱工業生産（製造業）

Industrial Production (Manufacturing) (y/y, %)*** 8.3 11.6 6.9 9.1 10.5 6.7 3.4 6.9 5.4 3.8 11.6 -

-小売売上

Retail Sales (y/y, %)* 4.4 9.2 -1.8 7.0 -2.5 -1.3 -2.4 -0.9 -3.0 -0.8 -0.9 -

-消費者物価上昇率

Consumer Price Index (y/y, %) -0.3 -0.3 - -0.2 0.6 1.5 1.7 2.4 1.8 2.2 2.4 1.1

-賃金上昇率

Wage Growth (y/y, %) 2.4 2.0 - 3.2 1.9 2.7 4.6 1.9 3.8 3.7 1.9 -

-失業率

Unemployment rate (%) 26.1 23.8 - 23.1 22.9 22.6 22.1

-貿易収支

Trade Balance (US$ m) -1,897 -1,970 -2,048 -553 -463 -491 -451 -644 -181.2 -204.8 -257.8 -169.3

-輸出額

Exports (US$ m) 4,530 4,787 5,671 1,228 1,225 1,403 1,485 1,559 551.2 478.3 514.6 0.0

-輸出伸び率

Exports Growth (y/y, %) -8.7 5.7 18.5 4.6 12.7 17.8 15.9 26.9 29.2 39.7 13.2 47.1

-輸入額　

Imports (US$ m) 6,427 6,757 7,720 1,782 1,687 1,894 1,936 2,203 732.3 734.4 736.1 683.9

-輸入伸び率

Imports Growth (y/y, %) -12.0 5.1 14.2 1.4 12.6 7.7 12.6 23.6 24.3 29.2 17.9 42.7

-経常収支

Current Account Balance (US$ m) -197 -293 - -146 -165 -120 249 18

資本収支

Capital & Financial Account Balance (US$ m) -182 -283 - -134 -154 -133 242

-対内直接投資

Foreign Direct Investment (inflow) (US$ m) 291 548 - 107 251 69 2 -1

外貨準備高

International Reserve (US$ m) 2,239 2,498 2,515 2,498 2,447 2,464 2,397 2,515

対外債務残高

Gross External Debt (US$ m) 6,873 7,607 - 7,607 8,354 8,881 9,103

-株価指数

Stock price index 1,730.1 1,887.7 2,405.8 2,115.1 2,249.1 2,247.5 2,554.8 2,571.8 2,637.1 2,567.4 2,508.0 2,664.7 2,774.0

1.91 1.96 1.78 2.02 1.88 1.75 1.75 1.73 1.73 1.73 1.73 1.73 1.72 Denar/USD 55.35 55.55 54.50 57.05 57.65 55.84 52.32 52.18 52.26 52.33 51.93 50.38 49.82 Denar/EUR 61.38 61.43 61.45 61.45 61.43 61.47 61.46 61.44 61.44 61.43 61.44 61.44 61.48 JPY/Denar 2.19 1.96 2.06 1.92 1.97 1.99 2.12 2.16 2.16 2.16 2.18 2.20 2.17 （資料）Macrobond , Eurostat, 統計局（注）*は季節・稼働日調整済、**季節調整済、***稼働日調整済、貿易収支は通関ベース、月次の鉱工業生産は製造業のみ。 短期金利 (Interbank 3m)

Short-term interest rates (Interbank 3m)

(Source) Macrobond, Eurostat, National Statistics Office (Note) * Data is seasonally and calendar adjusted, ** seasonally adjusted, *** calendar adjusted. Trade balance is custom based. Monthly data for IP covers only manufacturing sector.

ロシア / Russia

12

ロシア/Russia 2015 2016 2017 16/Q4 17/Q1 Q2 Q3 Q4 10 11 12 18/01 02 名目GDP Nominal GDP (US$ bn) 1,358.2 1,283.9 - 382.1 342.2 379.1 407.6 -実質GDP成長率 Real GDPGrowth 鉱工業生産

Industrial Production (y/y, %) -0.8 1.3 0.9 1.7 0.1 3.8 1.2 -1.7 0.0 -3.6 -1.5 2.9

-小売売上

Retail Sales (y/y, %) -9.7 -4.6 1.1 -4.6 -1.6 1.0 2.1 3.0 3.1 2.7 3.1 2.8

-銀行貸出伸び率

Bank Lending Growth (y/y, %) 8.9 7.9 10.8 7.9 9.8 7.9 10.1 10.8

消費者物価上昇率

Consumer Price Index (y/y, %) 15.6 7.1 3.7 5.8 4.6 4.2 3.4 2.6 2.7 2.5 2.5 2.2 2.2

賃金上昇率

Wage Growth (y/y, %) 4.2 8.0 6.4 8.5 5.7 7.3 5.7 6.8 7.2 7.3 6.2 11.6

-失業率

Unemployment rate (%) 5.6 5.5 5.2 5.4 5.5 5.2 5.0 5.1 5.0 5.1 5.1 5.2

-貿易収支

Trade Balance (US$ m) 160,823 103,426 130,118 31,533 38,246 28,475 24,813 38,584 11,174 12,848 14,562 -

-輸出額

Exports (US$ m) 343,543 285,772 357,083 84,093 83,639 84,722 85,858 102,864 31,753 33,740 37,371 -

-輸出伸び率

Exports Growth (y/y, %) -31.0 -16.8 25.0 2.1 36.2 23.7 19.6 22.3 25.6 24.5 17.8 -

-輸入額　

Imports (US$ m) 182,720 182,346 226,965 52,560 45,393 56,247 61,045 64,280 20,579 20,892 22,809 -

-輸入伸び率

Imports Growth (y/y, %) -36.3 -0.2 24.5 8.7 26.0 29.3 21.5 22.3 18.5 25.0 23.4 -

-経常収支

Current Account Balance (US$ m) 68,829 25,543 40,246 10,287 22,618 2,338 -2,509 17,800 資本収支

Capital & Financial Account Balance (US$ m) 69,444 11,175 - 7,659 11,463 -2,415 -10,306 -対内直接投資

Foreign Direct Investment (inflow) (US$ m) 6,853 32,539 - 20,723 4,844 13,161 7,333 -外貨準備高

International Reserve (US$ m) 319,835 317,544 356,084 317,544 330,332 343,460 351,154 356,084 対外債務残高

Gross External Debt (US$ m) 519,101 514,132 529,084 514,132 525,542 532,633 536,659 529,084 株価指数

Stock price index 1,683 1,932 2,040 2,070 2,126 1,940 1,981 2,111 2,079 2,136 2,118 2,249 2,277

14.09 11.18 9.38 10.59 10.46 9.60 9.09 8.37 8.60 8.36 8.13 7.80 7.48 11.39 8.92 7.79 8.54 8.12 7.71 7.73 7.61 7.57 7.66 7.60 7.45 7.12 Rouble/USD 61.28 67.02 58.33 63.01 58.72 57.22 58.96 58.42 57.73 58.99 58.56 56.69 56.84 Rouble/Euro 68.03 74.16 65.90 67.94 62.52 62.99 69.29 68.81 67.86 69.21 69.38 69.13 70.20 JPY/Rouble 2.00 1.63 1.93 1.74 1.94 1.95 1.88 1.93 1.96 1.91 1.93 1.96 1.90 （資料）Macrobond, Eurostat, 統計局（注）*は季節・稼働日調整済、**季節調整済、***稼働日調整済、貿易収支は通関ベース

(Source) Macrobond, Eurostat, National Statistics Office (Note) * Data is seasonally and calendar adjusted, ** seasonally adjusted, *** calendar adjusted. Trade balance is custom based.

0.3 0.5 2.5 1.8

-長期金利 (10年物国債)

Long-term interest rates (Gov.10y bond yields) 短期金利 (MosPrime 3m)

Short-term interest rates (MosPrime 3m)

-カザフスタン / Kazakhstan

13

カザフスタン/Kazakhstan 2015 2016 2017 16/Q4 17/Q1 Q2 Q3 Q4 10 11 12 18/01 02 名目GDP Nominal GDP (US$ bn) 183.1 135.1 - 44.2 32.4 35.3 4.1 -実質GDP成長率

Real GDPGrowth (y/y, %) 1.6 0.3 - 1.0 3.6 4.3 4.3

-鉱工業生産

Industrial Production (y/y, %) -1.6 -1.2 7.2 1.4 5.7 9.7 9.6 3.7 0.6 5.0 5.4 5.2

-小売売上

Retail Sales (y/y, %) -0.1 0.8 6.3 4.0 5.4 6.4 7.3 6.1 5.1 5.0 8.2 4.3

-消費者物価上昇率

Consumer Price Index (y/y, %) 6.6 14.7 7.4 9.6 7.8 7.5 7.1 7.4 7.7 7.3 7.1 6.8 6.5

賃金上昇率

Wage Growth (y/y, %) 4.5 13.7 5.2 13.7 5.6 4.4 4.8 5.9

失業率

Unemployment rate (%) 5.0 5.0 4.9 4.9 4.9 4.9 4.9 4.9 4.9 4.9 4.9 4.9

-貿易収支

Trade Balance (US$ m) 16,312 11,763 19,040 3,094 4,610 4,821 4,023 5,586 1,356 1,809 2,421 -

-輸出額

Exports (US$ m) 46,795 36,716 48,304 10,451 10,810 12,317 11,368 13,809 4,015 4,574 5,220 -

-輸出伸び率

Exports Growth (y/y, %) -41.1 -21.5 31.6 -4.2 30.0 44.9 20.3 32.1 43.2 25.0 30.9 -

-輸入額　

Imports (US$ m) 30,484 24,954 29,264 7,357 6,200 7,496 7,345 8,224 2,659 2,765 2,799 -

-輸入伸び率

Imports Growth (y/y, %) -26.2 -18.1 17.3 4.7 20.2 23.9 15.0 11.8 8.5 17.0 10.0 -

-経常収支

Current Account Balance (US$ m) -5,134 -8,926 -4,672 -2,895 -1,467 -1,429 -1,696 -81

資本収支

Capital & Financial Account Balance (US$ m) -9,193 -8,363 -5,213 -1,425 -1,685 -578 -4,153 1,202 対内直接投資

Foreign Direct Investment (inflow) (US$ m) 6,173 16,975 4,184 2,065 2,361 2,267 264 -708 外貨準備高

International Reserve (US$ m) 20,295 20,096 18,249 20,096 19,054 18,858 20,239 18,249

対外債務残高

Gross External Debt (US$ m) 153,385 163,715 - 163,715 165,484 167,952 168,928

-株価指数

Stock price index 864 1,077 1,757 1,309 1,520 1,559 1,869 2,081 2,046 2,078 2,120 2,289 2,333

10.18 15.24 11.76 13.24 12.55 11.86 11.39 11.25 11.25 11.25 11.25 10.97 10.75

Tenge/USD 223.21 341.97 326.13 335.44 322.30 314.75 332.79 334.68 337.93 332.23 333.86 326.86 321.79

Tenge/Euro 242.44 360.84 391.65 353.95 344.74 359.01 393.51 401.93 393.77 396.03 400.93 407.10 392.47

JPY/Tenge 0.54 0.34 0.35 0.35 0.35 0.36 0.34 0.34 0.34 0.34 0.34 0.33 0.33

（資料）Macrobond, Eurostat, 統計局（注）*は季節・稼働日調整済、**季節調整済、***稼働日調整済、貿易収支は通関ベース

(Source) Macrobond, Eurostat, National Statistics Office (Note) * Data is seasonally and calendar adjusted, ** seasonally adjusted, *** calendar adjusted. Trade balance is custom based. 短期金利 (Interbank 3m)

ウクライナ / Ukraine

14

ウクライナ/Ukraine 2015 2016 2017 16/Q4 17/Q1 Q2 Q3 Q4 10 11 12 18/01 02 名目GDP Nominal GDP (US$ bn) 91.0 93.0 - 27.9 21.6 24.8 31.7 -実質GDP成長率

Real GDPGrowth (y/y, %) -10.0 2.2 2.2 4.8 2.5 2.3 2.1 1.8

鉱工業生産

Industrial Production (y/y, %) -13.0 2.8 0.4 3.6 0.1 0.4 0.4 0.8 1.3 1.1 -0.1 3.6

-小売売上

Retail Sales (y/y, %) -21.7 4.7 7.3 2.9 3.3 8.6 8.2 9.0 4.4 6.8 15.7 8.2

-銀行貸出伸び率

Bank Lending Growth (y/y, %) -3.8 1.7 1.8 1.7 -5.0 -0.7 -1.6 1.8 0.5 0.4 1.8 6.4

-消費者物価上昇率

Consumer Price Index (y/y, %) 48.5 14.9 14.5 12.3 14.0 13.8 16.2 14.0 14.6 13.6 13.7 14.1

-賃金上昇率

Wage Growth (y/y, %) 21.1 23.3 37.0 20.8 36.8 37.1 36.8 37.2 37.9 38.3 35.6 28.4

-失業率

Unemployment rate (%) 9.2 9.5 - 9.3 10.1 9.6 9.4

-貿易収支

Trade Balance (US$ m) 633 -2,886 -6,332 -1,125 -736 -1,145 -1,990 -2,460 -701 -639 -1,120 -

-輸出額

Exports (US$ m) 38,135 36,363 43,267 10,488 10,373 10,279 10,675 11,939 3,856 4,303 3,780 -

-輸出伸び率

Exports Growth (y/y, %) -29.3 -4.6 19.0 4.7 34.4 15.4 15.4 13.8 19.1 18.8 4.2 -

-輸入額　

Imports (US$ m) 37,502 39,249 49,598 11,613 11,109 11,424 12,665 14,399 4,557 4,942 4,901 -

-輸入伸び率

Imports Growth (y/y, %) -31.0 4.7 26.4 14.7 28.0 32.4 22.6 24.0 27.8 28.1 17.0 -

-経常収支

Current Account Balance (US$ m) -189 -3,450 -3,835 -751 -806 -305 -1,685 -1,039

資本収支

Capital & Financial Account Balance (US$ m) -126 -4,612 -6,409 -1,095 -210 -1,946 -2,537 -1,716 対内直接投資

Foreign Direct Investment (inflow) (US$ m) 3,050 3,441 2,356 228 465 837 587 467

外貨準備高

International Reserve (US$ m) 12,368 14,598 17,748 14,598 14,102 16,954 17,592 17,748

対外債務残高

Gross External Debt (US$ m) 118,729 113,639 - 113,639 113,785 114,985 117,350

-株価指数

Stock price index 343.1 237.5 284.8 259.8 271.3 277.7 287.6 302.7 297.8 302.4 308.3 327.6 336.5

20.34 17.58 14.34 16.25 15.57 14.64 13.81 13.34 13.23 13.25 13.55 13.54 13.46

Hryvnia/USD 21.86 25.62 26.61 25.93 27.09 26.47 25.87 27.01 26.63 26.78 27.65 28.49 27.17

Hryvnia/Euro 24.24 28.33 30.00 27.93 28.86 29.13 30.39 31.81 31.31 31.44 32.72 34.75 33.53

JPY/Hryvnia 5.54 4.24 4.21 4.23 4.19 4.20 4.29 4.18 4.24 4.21 4.09 3.89 3.97

（資料）Macrobond, Eurostat, 統計局（注）*は季節・稼働日調整済、**季節調整済、***稼働日調整済、貿易収支は通関ベース

(Source) Macrobond, Eurostat, National Statistics Office (Note) * Data is seasonally and calendar adjusted, ** seasonally adjusted, *** calendar adjusted. Trade balance is custom based. 短期金利 (Interbank 3m)

-4

-3

-2

-1

0

1

2

3

4

-8

-6

-4

-2

0

2

4

6

8

08

10

12

14

16

18

(QoQ,%)

(YoY,%)

チェコ/Czech Repblic

QoQ, right axis YoY

-5

-4

-3

-2

-1

0

1

2

3

-10

-8

-6

-4

-2

0

2

4

6

08

10

12

14

16

18

(QoQ,%)

(YoY,%)

ハンガリー/Hungary

QoQ, right axis YoY

-1.0

-0.5

0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

-2

-1

0

1

2

3

4

5

6

7

08

10

12

14

16

18

(QoQ,%)

(YoY,%)

ポーランド/Poland

QoQ, right axis YoY

-8

-6

-4

-2

0

2

4

6

8

-12

-9

-6

-3

0

3

6

9

12

08

10

12

14

16

18

(QoQ,%)

(YoY, %)

ルーマニア/Romania

QoQ, right axis YoY

-10

-8

-6

-4

-2

0

2

4

6

8

10

-15

-12

-9

-6

-3

0

3

6

9

12

15

08

10

12

14

16

18

(QoQ,%)

(YoY,%)

スロバキア/Slovakia

QoQ, right axis YoY

-10

-8

-6

-4

-2

0

2

4

6

8

08

10

12

14

16

18

(YoY,%)

クロアチア/Croatia

実質GDP成長率 / Real GDP growth rate

実質GDP成長率 / Real GDP growth rate

16

-5

-4

-3

-2

-1

0

1

2

3

4

5

-10

-8

-6

-4

-2

0

2

4

6

8

10

08

10

12

14

16

18

(QoQ,%)

(YoY,%)

ブルガリア/Bulgaria

QoQ, right axis YoY

-3

-2

-1

0

1

2

3

4

5

-6

-4

-2

0

2

4

6

8

10

08

10

12

14

16

18

(YoY,%)

セルビア/Serbia

QoQ, right axis YoY

(QoQ, %)

-6

-4

-2

0

2

4

6

-12

-8

-4

0

4

8

12

08

10

12

14

16

18

(QoQ,%)

(YoY,%)

ロシア/Russia

QoQ, right axis YoY

-6

-4

-2

0

2

4

6

8

10

12

08

10

12

14

16

18

(YoY,%)

マケドニア/Macedonia

-4

-2

0

2

4

6

8

10

12

08

10

12

14

16

18

(YoY,%)

カザフスタン/Kazakhstan

-25

-20

-15

-10

-5

0

5

10

15

08

10

12

14

16

18

(YoY,%)

ウクライナ/Ukraine

為替相場 / Exchange rates

17

23.0

24.0

25.0

26.0

27.0

28.0

29.0

16.0

18.0

20.0

22.0

24.0

26.0

28.0

12

13

14

15

16

17

18

(Koruna/EUR)

(Koruna/USD)

Koruna/USD Koruna/EUR

チェコ コルナ/ Czech Koruna

250.0

260.0

270.0

280.0

290.0

300.0

310.0

320.0

330.0

160.0

180.0

200.0

220.0

240.0

260.0

280.0

300.0

320.0

12

13

14

15

16

17

18

(Forint/EUR)

(Forint/USD)

Forint/USD Forint/EUR

ハンガリー フ リン /

Hungary Forint

3.60

3.75

3.90

4.05

4.20

4.35

4.50

4.65

4.80

2.50

2.75

3.00

3.25

3.50

3.75

4.00

4.25

4.50

12

13

14

15

16

17

18

(Zloty/EUR)

(Zloty/USD)

Zloty/USD Zloty/EUR

ポーランド ロチ/ Polish Zloty

3.60

3.75

3.90

4.05

4.20

4.35

4.50

4.65

4.80

2.50

2.75

3.00

3.25

3.50

3.75

4.00

4.25

4.50

12

13

14

15

16

17

18

(Leu/EUR)

(Leu/USD)

Leu/USD Leu/EUR

ルーマニア イ/ Romanian Leu

1.90

1.92

1.94

1.96

1.98

2.00

2.02

1.30

1.40

1.50

1.60

1.70

1.80

1.90

12

13

14

15

16

17

18

(Lev/EUR)

(Lev/USD)

Lev/USD Lev/EUR

Currency pegged against euro at 1.95583

ブルガリア フ/ Bulgarian Lev

7.3

7.4

7.5

7.6

7.7

7.8

7.9

4.5

5.0

5.5

6.0

6.5

7.0

7.5

12

13

14

15

16

17

18

(Kuna/EUR)

(Kuna/USD)

Kuna/USD Kuna/EUR

クロアチア クーナ/ Croatian Kuna

為替相場 / Exchange rates

18

58.0

60.0

62.0

64.0

66.0

40.0

45.0

50.0

55.0

60.0

12

13

14

15

16

17

18

(Denar/EUR)

(Denar/USD)

Denar/USD Denar/EUR

Currency pegged against euro at 61.5053

マケドニア ナール/ Macedonian

Denar

35.0

45.0

55.0

65.0

75.0

85.0

95.0

25.0

35.0

45.0

55.0

65.0

75.0

85.0

12

13

14

15

16

17

18

(Rouble/EUR)

(Rouble/USD)

Rouble/USD Rouble/EUR

ロシア ルーブル/ Russian Rouble

160.0

200.0

240.0

280.0

320.0

360.0

400.0

440.0

120.0

160.0

200.0

240.0

280.0

320.0

360.0

400.0

12

13

14

15

16

17

18

(Tenge/EUR)

(Tenge/USD)

Tenge/USD Tenge/EUR

カザフスタン ン /Kazakh Tenge

5.0

10.0

15.0

20.0

25.0

30.0

35.0

40.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

40.0

12

13

14

15

16

17

18

(Hryvnia/EUR)

(Hryvnia/USD)

Hryvnia/USD Hryvnia/EUR

ウクライナ フリブニ / Ukrainian

Hryvnia

90.0

100.0

110.0

120.0

130.0

140.0

150.0

75.0

85.0

95.0

105.0

115.0

125.0

135.0

12

13

14

15

16

17

18

(JPY/EUR)

(JPY/USD)

日本 円/Japanese Yen

JPY/USD JPY/EUR

95.0

100.0

105.0

110.0

115.0

120.0

125.0

60.0

70.0

80.0

90.0

100.0

110.0

120.0

12

13

14

15

16

17

18

(Dinar/EUR)

(Dinar/USD)

Dinar/USD Dinar/EUR

セルビア ナール/ Serbian Dinar

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