2014 G20 Agenda | 1

PREPARING THE G20 BRISBANE SUMMIT AGENDA

AN OVERVIEW FROM THE AUSTRALIAN PRESIDENCY PART 3: FACTS ABOUT THE G20 AND THE GLOBAL ECONOMY NOVEMBER 2014

2014 G20 Agenda | 2

This year the G20 is focussing on longer term economic reform. This is how and why it is doing it. Part 1: Overview - 2014 G20 Agenda

• Promoting stronger economic growth and employment outcomes by empowering the private sector

• Making the global economy more resilient to future shocks, and preventing a repeat of the circumstances that led to the 2008 global financial crisis (GFC)

• Strengthening global institutions to ensure they serve us best in today’s global economy

• G20 Agenda 2014: working arrangements, key events

• The Brisbane Action Plan

• Attracting private sector investment in infrastructure

• Creating jobs and lifting participation

• Removing obstacles to trade and competition

• Growth and development

• Reforming the global financial system

• Strengthening the international tax system

• Strengthening energy markets

• Fighting corruption

• Gross Domestic product G20 members

• Unemployment trends, including youth

• Labour force participation rates G20 members

• Global investment and GDP

• Global trade and G20 members

• Foreign direct investment and G20 members

• Global energy profile

• Remittance costs

• Undernourishment trends

Part 2: Background on 2014 Priorities

Part 3: Facts about the G20 and the global economy

2014 G20 Agenda | 3

Part 3: Facts about the G20 and the Global Economy

2014 G20 Agenda | 4

Growth in GDP (PPP) for advanced and emerging market economies

-4%

-2%

0%

2%

4%

6%

8%

10%

12%

14%

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Per Cent

Advanced economies growth in GDPEmerging market and developing economies growth in GDPWorld growth in GDP

Forecast period

Source: IMF WEO October 2014

P1

P3

P2

2014 G20 Agenda | 5

Emerging market and developing economies increasing share of global GDP (PPP)

0%

10%

20%

30%

40%

50%

60%

70%

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Per Cent

Advanced economies share of global GDP Emerging market and developing economies share of global GDP

Forecast period

Source: IMF WEO October 2014

P1

P3

P2

2014 G20 Agenda | 6

Trends in G20 members’ share of global GDP (PPP)

0.9% 1.0%

3.0%

1.5%

15.8%

17.2%

2.5% 3.4%

6.6%

2.3% 2.0%

4.6%

1.7% 2.0% 3.4%

1.5% 0.7%

1.4% 2.3%

16.4%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

Shar

e of

glo

bal G

DP

2006

2007

2008

2009

2010

2011

2012

2013

Source: IMF WEO October 2014

P1

P3

P2

2014 G20 Agenda | 7

Unemployment trends in G20 countries

7.2%

5.2% 6.9% 7.2%

4.5%

10.5% 9.9%

5.4%

3.4%

6.6%

10.7%

4.3% 4.9%

5.5% 5.6%

25.0%

3.2%

9.2%

7.9% 8.1%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

Tota

l Une

mpl

oym

ent R

ate

2006

2007

2008

2009

2010

2011

2012

Global average in 2012

Source: ILO, through World Bank online database 2014

P1

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2014 G20 Agenda | 8

0%

2%

4%

6%

8%

10%

12%

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

Une

mpl

oym

ent r

ate

World

High income - OECD

High income - non-OECD

Upper middle income

Lower middle income

Low income

Unemployment trends by region (2000-2012)

Source: ILO, through World Bank online database 2014

P1

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2014 G20 Agenda | 9

17.5%

11.7%

15.5% 14.3%

9.7%

25.1%

19.9%

8.1% 9.7%

21.6%

35.3%

7.9% 9.4%

14.9%

27.8%

52.0%

8.9%

17.0%

21.3% 16.5%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

Yout

h U

nem

ploy

men

t Rat

e

2006

2007

2008

2009

2010

2011

2012

Global average in 2012

Youth unemployment trends in G20 countries

Source: ILO, through World Bank online database 2014

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2014 G20 Agenda | 10

0%

5%

10%

15%

20%

25%

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

Yout

h un

empl

oym

ent r

ate

World

High income - OECD

High income - non-OECD

Upper middle income

Lower middle income

Low income

Youth unemployment trends by region (2000-2012)

Source: ILO, through World Bank online database 2014

P1

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2014 G20 Agenda | 11

G20 Members’ Labour Force Participation Rates (2012)

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%Male

Female

Total

Source: ILO, World Bank online database 2014

P1

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2014 G20 Agenda | 12

G20 members: GDP (PPP, US$’000) per person employed (2012)

29

51

14

50

15

42

53

43

9 11

45 45

20 20

30

15

45

28

49

68

0

10

20

30

40

50

60

70

80

GD

P pe

r per

son

Empl

oyed

(US$

'000

)

Source: World Bank online database 2014

P1

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2014 G20 Agenda | 13

Investment (public and private) as a percentage of GDP

15%

17%

19%

21%

23%

25%

27%

29%

31%

33%

35%

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

Investment as a share of GDP (World)

Investment as a share of GDP (Advanced economies)

Investment as a share of GDP (Emerging markets and developing economies)

Forecast period

Source: World Bank online database 2014

P1

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2014 G20 Agenda | 14

G20 members share of global trade in 2012

Note: trade for the European Union includes intra-EU trade. Source: WTO Database, 2014

0.4% 1.4% 1.3%

2.4%

9.5%

33.1%

3.6%

6.9%

2.3% 1.0%

2.6%

4.4% 2.8%

1.7% 2.3% 1.3%

0.6% 1.0%

3.6%

10.8%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

Shar

e of

glo

bal t

rade

P1

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2014 G20 Agenda | 15

Share of global trade for developed and developing and transitioning economies (2000-2013)

0%

10%

20%

30%

40%

50%

60%

70%

80%

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Developed economies Developing and transitioning economies

Source: UNCTAD Database, 2014

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2014 G20 Agenda | 16

Trade restrictive measures introduced by G20 members

Source: WTO Trade Restrictive Measures, November 2014

0

20

40

60

80

100

120

140

Mid-Oct 10 toApr 11

(6 months)

May tomid-Oct 11(6 months)

Mid-Oct 11 tomid May 12(7 months)

Mid-May tomid-Oct 12(5 months)

Mid-Oct 12 tomid-May 13(7 months)

Mid-May tomid-Nov 13(6 months)

Mid-Nov 13 tomid-May 14(6 months)

Mid-May 14 tomid-Oct 14(5 months)

Other

Export

Import

Trade remedy

P1

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2014 G20 Agenda | 17

G20 members: foreign direct investment

10

49

81 68

348

279

6 33 28 18 13 4

38

71

9 8 12 13

48

236

0

50

100

150

200

250

300

350

400

Net

FDI

inflo

ws (

US$

bill

ion)

Net inflows (Balance of Payments, current US$)

Source: World Bank online database 2014

P1

P3

P2

2014 G20 Agenda | 18

Energy supply (S) and consumption (C) moves from developed to developing world

Source: IEA Key World Energy Facts, 2014

P1

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2014 G20 Agenda | 19

Use of oil falls as gas, coal and nuclear continue to grow

Source: IEA Key World Energy Facts, 2014

10.5

1.8 0.9

16

46.1

24.6

0.1

10

2.4 4.8

21.3

31.4 29

1.1

0

10

20

30

40

50

Biofuels andwaste

Hydro Nuclear Natural gas Oil Coal Other*

Shar

e of

glo

bal e

nerg

y (%

)

*Includes geothermal, solar and wind.

P1

P3

P2

2014 G20 Agenda | 20

Average cost of remittances by region (2013-14)

8.9

7.1 7.3 6.7

9

7.6

12.3

7.9

6 6 6.2

7.9 8.3

11.3

0

2

4

6

8

10

12

14

Perc

ent

Total average cost of sending about US$200 equivalent

Third Quarter 2013

Third Quarter 2014

Source: World Bank, Migration and Development Brief, 2014

P1

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2014 G20 Agenda | 21

0

5

10

15

20

25

30

35

Shar

e of

pop

ulat

ion

unde

rnou

rishe

d

Undernourishment by region

1990-1992

2012-2014

MDG target

Change in levels of undernourished (1990 – 2014)

Source: FAO 2014

share above target

P1

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P2

2014 G20 Agenda | 22

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