Inflation rate (consumer prices):
developed countries 1% to 4% typically; developing countries 5% to 20% typically; national inflation rates vary widely in individual cases, from declining prices in Japan to hyperinflation in one Third World country (Zimbabwe); inflation rates have declined for most countries for the last several years, held in check by increasing international competition from several low wage countries (2005 est.)
Industries:
dominated by the onrush of technology, especially in computers, robotics, telecommunications, and medicines and medical equipment; most of these advances take place in OECD nations; only a small portion of non-OECD countries have succeeded in rapidly adjusting to these technological forces; the accelerated development of new industrial (and agricultural) technology is complicating already grim environmental problems
Industrial production growth rate:
5% (2007 est.)
Electricity - production:
18.96 trillion kWh (2007 est.)
Electricity - consumption:
16.88 trillion kWh (2007 est.)