| Date: 14th Jul 2004 | ||||||||
| CORRELATION BETWEEN CARGO MOVEMENT AND GDP | ||||||||
| Volume* | Growth Rate (A) | US GDP (B) | A/B Ratio | Volume | Growth Rate (A) | EU GDP (B) | A/B Ratio | |
| 1994 | 3,968 | 8.95% | 4.02% | 2.2 | 2,075 | 8.00% | 2.70% | 3 |
| 1995 | 3,988 | 0.50% | 2.50% | 0.2 | 2,386 | 14.99% | 2.40% | 6.2 |
| 1996 | 4,240 | 6.23% | 3.70% | 1.7 | 2,681 | 12.36% | 1.60% | 7.7 |
| 1997 | 4,803 | 13.28% | 4.50% | 3 | 2,948 | 9.96% | 2.50% | 4 |
| 1998 | 5,749 | 19.70% | 4.17% | 4.7 | 3,538 | 20.01% | 2.90% | 6.9 |
| 1999 | 6,432 | 11.88% | 4.45% | 2.7 | 3,846 | 8.71% | 2.90% | 3 |
| 2000 | 7,421 | 15.38% | 3.66% | 4.2 | 4,077 | 6.01% | 3.60% | 1.7 |
| 2001 | 7,523 | 1.37% | 0.51% | 2.7 | 4,075 | -0.05% | 1.60% | 0 |
| 2002 | 9,040 | 20.16% | 2.19% | 9.2 | 4,394 | 7.83% | 1.00% | 7.8 |
| 2003 | 9,723 | 7.56% | 3.12% | 2.4 | 5,229 | 19.00% | 0.70% | 27.1 |
| Source: JOC | Source: Drewry | |||||||
| 10 Year average 3.3 | 10 Year average 6.7 | |||||||
| Forecast | (except 2001&2003 5.0) | |||||||
| 2004 | 11,199 | 15.18% | 4.60% | 3.3 | 5,930 | 13.40% | 2.00% | 6.7 |
| 2005 | 12,529 | 11.88% | 3.60% | 3.3 | 6,801 | 14.70% | 2.20% | 6.7 |