Title here up to three lines Arial Regular 26 pt. use one cover only · 2020. 4. 5. · A member of MUFG, a global financial group 中東欧、ロシア、CIS 諸国の主要経済指標

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

MUFG Bank, Ltd.

三菱UFJ銀行経済調査室（ロンドン駐在）

Economic Research Office （London）,

MUFG Bank

12 August 2019

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

北マケドニア/ North 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

Exchange rates 17

ポーランド / Poland

3

ポーランド/Poland

2016 2017 2018 18/Q2 Q3 Q4 19/Q1 Q2 19/03 04 05 06 07

名目GDP

Nominal GDP(US$ bn) 471.7 526.8 585.6 141.8 142.0 158.2 137.3 -

実質GDP成長率 (q/q, %)** 1.2 1.5 0.5 1.5 -

Real GDPGrowth (y/y, %) 5.3 5.2 4.9 4.7 -

鉱工業生産

Industrial Production(y/y, %) 2.9 6.5 6.0 7.1 6.0 5.0 6.2 4.7 5.6 9.2 7.7 -2.7 -

小売売上Retail Sales

(y/y, %) 5.4 7.1 6.5 6.1 5.8 6.2 4.5 7.1 1.8 11.9 5.6 3.7 -

銀行貸出伸び率Bank Lending Growth

(y/y, %) 5.0 3.6 7.5 5.5 5.8 7.5 8.0 6.6 8.0 7.6 6.4 6.6 -

消費者物価上昇率Consumer Price Index

(y/y, %) -0.6 2.0 1.7 1.8 2.0 1.4 1.2 2.4 1.7 2.2 2.4 2.6 2.9

賃金上昇率Wage Growth

(y/y, %) 4.1 5.7 7.1 7.4 6.9 7.1 6.9 6.7 5.7 7.1 7.7 5.3 -

失業率

Unemployment rate(%) 8.9 7.3 6.1 6.1 5.8 5.7 6.0 5.4 5.9 5.6 5.4 5.3 -

貿易収支

Trade Balance(US$ m) 5,304 400 -5,900 -300 -1,500 -2,900 -300 - 2,200 100 500 - -

輸出額Exports

(US$ m) 203,725 228,200 261,800 66,900 63,100 68,000 64,400 - 23,051 21,978 21,590 - -

輸出伸び率Exports Growth

(y/y, %) 7.2 9.8 6.5 8.9 7.9 7.3 10.4 - 8.8 10.1 6.6 - -

輸入額　Imports

(US$ m) 198,421 227,800 267,700 67,200 64,600 70,900 64,700 - 22,439 21,676 21,834 - -

輸入伸び率Imports Growth

(y/y, %) 6.1 11.9 9.3 10.2 11.1 9.6 7.4 - 4.0 8.4 7.9 - -

経常収支

Current Account Balance(US$ m) -2,458 602 -3,280 476 -3,063 -1,347 2,077 -

資本収支Capital & Financial Account Balance

(US$ m) 6,285 5,415 17,293 3,957 1,145 10,071 1,804 -

対内直接投資Foreign Direct Investment (inflow)

(US$ m) 18,321 10,673 12,034 1,036 6,026 -694 7,539 -

外貨準備高International Reserve

(US$ m) 110,535 108,975 111,656 104,815 108,434 111,656 107,594 107,422

対外債務残高Gross External Debt

(US$ m) 337,633 382,010 359,737 363,741 368,036 359,737 347,419 -

株価指数Stock price index

46,924 61,054 59,397 58,767 58,539 57,205 59,909 59,146 60,043 60,986 57,363 59,173 60,366

短期金利 (Interbank 3m)

Short-term interest rates (Interbank 3m)1.70 1.73 1.71 1.70 1.71 1.72 1.72 1.72 1.72 1.72 1.72 1.72 1.72

EU調整長期金利（10年物国債)

Long-term interest rates (Gov.10y bond 3.04 3.42 3.20 3.17 3.18 3.12 2.74 2.61 2.75 2.76 2.72 2.35 2.13

Zloty/USD 3.95 3.78 3.61 3.58 3.70 3.77 3.79 3.81 3.80 3.81 3.84 3.77 3.80

Zloty/Euro 4.36 4.26 4.26 4.26 4.30 4.30 4.30 4.28 4.30 4.29 4.30 4.26 4.26

JPY/Zloty 27.56 29.70 30.57 30.49 30.13 29.93 29.08 28.86 29.22 29.27 28.64 28.65 28.49

（資料）Macrobond, Eurostat, IMF, 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

3.0 4.9 5.2

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

チェコ / Czech Republic

4

チェコ共和国/Czech Republic

2016 2017 2018 18/Q2 Q3 Q4 19/Q1 Q2 19/03 04 05 06 07

名目GDP

Nominal GDP(US$ bn)* 195.0 216.3 245.3 61.4 60.6 60.2 61.4 -

実質GDP成長率 (q/q, %)* 0.6 0.6 0.9 0.6 -

Real GDPGrowth (y/y, %) 2.7 2.5 3.1 2.8 -

鉱工業生産

Industrial Production(y/y, %)*** 3.0 6.8 3.1 2.4 3.9 2.0 0.3 0.9 0.2 3.3 3.2 -3.8 -


(y/y, %) 6.2 4.6 2.8 3.3 2.6 2.2 2.8 2.4 3.0 4.8 2.3 0.2 -


(y/y, %) 6.9 6.0 6.9 5.8 6.2 6.9 5.9 5.3 5.9 6.2 6.2 5.3 -


(y/y, %) 0.7 2.5 2.1 2.2 2.4 2.1 2.7 2.8 3.0 2.8 2.9 2.7 -


(y/y, %) 4.4 6.7 7.6 8.1 7.9 6.5 7.4 -

失業率

Unemployment rate(%)** 4.0 2.9 2.3 2.3 2.3 2.1 2.0 2.1 2.1 2.1 2.1 2.0 -

貿易収支

Trade Balance(US$ m) 6,695 6,995 4,604 1,657 -213 605 2,312 2,731 842 821 1,095 813 -

輸出額Exports

(US$ m) 134,955 150,324 167,072 42,814 38,812 42,017 41,459 41,830 14,541 13,914 14,467 13,457 -


(y/y, %) 1.1 6.5 3.4 1.8 5.5 7.7 4.0 3.9 5.4 8.2 8.1 -4.2 -

輸入額　Imports

(US$ m) 128,260 143,329 162,468 41,157 39,026 41,412 39,146 39,100 13,700 13,093 13,371 12,645 -


(y/y, %) 0.1 6.8 5.5 3.8 9.0 8.2 4.7 1.0 5.0 7.5 2.1 -6.1 -

経常収支

Current Account Balance(US$ m) 3,036 3,572 714 251 -2,369 489 1,975 -


(US$ m) 6,969 6,895 1,207 332 -2,660 512 1,807 -


(US$ m) 10,847 11,289 8,599 2,047 2,840 2,841 2,584 -


(US$ m) 85,366 147,583 142,151 143,810 143,830 142,151 142,696 145,607


(US$ m) 129,448 171,115 169,308 166,453 168,744 169,308 169,263 -


1,147 1,327 1,473 1,486 1,467 1,441 1,419 1,439 1,447 1,472 1,426 1,418 1,427

0.28 0.76 2.01 0.92 1.39 1.92 2.01 2.13 2.03 2.02 2.19 2.17 2.16

0.46 0.99 1.99 1.89 2.13 2.05 1.84 1.78 1.90 1.90 1.86 1.56 1.39

Koruna/USD 24.45 23.37 21.75 21.50 22.12 22.67 22.62 22.86 22.73 22.86 23.04 22.65 22.79

Koruna/Euro 27.03 26.33 25.65 25.60 25.72 25.87 25.68 25.69 25.68 25.68 25.76 25.60 25.55

JPY/Koruna 4.45 4.80 5.08 5.08 5.04 4.97 4.87 4.81 4.89 4.88 4.77 4.77 4.75

（資料）Macrobond, Eurostat, IMF 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



Short-term interest rates (Interbank 3m)


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

2.5 4.3 3.0

ハンガリー / Hungary

5

ハンガリー/Hungary

2016 2017 2018 18/Q2 Q3 Q4 19/Q1 Q2 19/03 04 05 06 07

名目GDP

Nominal GDP(US$ bn) 126.0 139.8 155.7 38.9 38.9 41.3 36.1 -

実質GDP成長率 (q/q, %)* 1.1 1.5 1.1 1.5 -Real GDPGrowth (y/y, %) 4.9 5.1 5.1 5.3 -

鉱工業生産

Industrial Production(y/y, %)*** 0.8 5.5 3.8 3.1 3.4 4.1 6.4 5.5 8.2 6.2 6.3 4.1 -


(y/y, %)*** 4.9 5.7 6.6 7.2 6.2 5.2 6.6 5.0 6.1 7.2 2.6 5.2 -


(y/y, %) -1.2 5.2 11.0 9.1 9.9 11.0 11.9 11.2 11.9 11.8 11.6 11.2 -


(y/y, %) 0.4 2.3 2.9 2.7 3.5 3.2 3.2 3.7 3.7 3.9 3.9 3.4 3.3


(y/y, %) 5.7 13.5 10.2 11.2 10.4 10.2 10.2 - 10.2 9.0 11.2 - -

失業率


貿易収支

Trade Balance(US$ m) 10,792 9,096 6,611 2,321 462 1,177 2,103 - 726 266 747 - -

輸出額Exports

(US$ m) 103,011 113,498 123,993 32,442 29,008 30,387 31,504 - 10,944 10,000 10,575 - -


(y/y, %) 2.7 10.2 9.2 15.2 1.8 1.5 -2.0 - -3.8 -4.9 -1.7 - -

輸入額　Imports

(US$ m) 92,219 104,402 117,382 30,121 28,546 29,210 29,401 - 10,218 9,733 9,827 - -


(y/y, %) 1.6 13.2 12.4 18.7 7.7 4.8 -0.4 - -2.8 -1.8 -3.5 - -

経常収支

Current Account Balance(US$ m) 7,779 3,891 576 642 -337 -486 374 -


(US$ m) 4,212 4,243 3,050 1,604 -60 2 19 -


(US$ m) -5,633 3,280 8,423 407 2,774 3,309 1,870 -


(US$ m) 25,824 27,874 30,068 27,908 27,439 30,068 29,497 29,393


(US$ m) 117,020 126,834 122,155 124,197 122,993 122,155 122,893 -


27,128 35,664 37,628 36,923 36,181 38,515 40,807 41,363 41,247 42,587 40,739 40,735 40,957

0.99 0.14 0.12 0.10 0.21 0.15 0.14 0.18 0.15 0.16 0.18 0.21 0.26

3.14 2.96 3.06 2.92 3.46 3.45 2.85 3.02 3.03 3.14 3.19 2.74 2.33

Forint/USD 281.65 274.31 270.32 266.37 278.56 282.94 280.01 287.42 279.77 285.95 290.56 285.42 290.14

Forint/Euro 311.47 309.25 318.80 317.06 324.11 322.93 317.96 322.88 315.92 321.08 324.89 322.56 325.27

JPY/Forint 0.386 0.409 0.409 0.410 0.400 0.398 0.393 0.383 0.397 0.390 0.378 0.379 0.373

（資料）Macrobond, Eurostat, IMF, 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, IMF, 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.





2.3 4.2 4.9

ルーマニア / Romania

6

ルーマニア/Romania

2016 2017 2018 18/Q2 Q3 Q4 19/Q1 Q2 19/03 04 05 06 07

名目GDP

Nominal GDP(US$ bn) 188.4 211.5 239.4 55.4 65.8 69.9 48.1 -

実質GDP成長率 (q/q, %)** 1.2 1.5 1.0 1.3 -Real GDPGrowth (y/y, %) 4.1 4.2 4.1 5.0 -

鉱工業生産

Industrial Production(y/y, %)*** 3.1 8.6 5.0 5.3 5.6 2.7 1.2 - 1.5 - 0.1 - 1.6 - -


(y/y, %)* 13.7 10.4 6.4 7.5 4.4 4.4 7.5 - 7.7 8.6 6.5 - -


(y/y, %) 1.2 5.7 8.0 6.8 6.3 8.0 7.7 7.1 7.7 7.6 7.7 7.1 -


(y/y, %) -1.5 1.3 4.6 5.3 4.9 3.6 3.7 4.0 4.0 4.1 4.1 3.8 4.1


(y/y, %) 13.0 14.2 13.1 14.5 13.1 13.1 16.5 15.0 13.7 14.8 14.7 15.5 -

失業率


貿易収支

Trade Balance(US$ m) -11,028 -14,613 -17,855 -4,279 -4,239 -5,902 -4,192 -4,497 -1,428 -1,559 -1,659 -1,277 -

輸出額Exports

(US$ m) 63,467 70,635 79,912 20,231 19,624 19,263 19,911 19,512 6,924 6,217 7,016 6,280 -


(y/y, %) 4.8 11.3 13.1 19.2 6.4 2.0 -4.6 -3.6 - 8.0 - 3.2 1.2 - 8.6 -

輸入額　Imports

(US$ m) 74,494 85,248 97,767 24,510 23,864 25,165 24,103 24,008 8,352 7,776 8,675 7,557 -


(y/y, %) 6.7 14.4 14.7 17.6 8.1 6.3 -0.5 -2.0 - 5.5 1.4 2.9 - 10.0 -

経常収支

Current Account Balance(US$ m) -3,924 -6,732 -10,809 -3,202 -3,761 -2,524 -1,215 -


(US$ m) 6,426 -1,096 -3,961 -2,016 -1,883 469 1,308 -


(US$ m) 6,255 5,901 6,844 408 3,151 762 2,370 -


(US$ m) 36,133 40,107 37,856 36,985 36,444 37,856 35,951 37,083


(US$ m) 98,036 116,921 113,670 112,947 114,516 113,670 112,149 -


6,673 7,993 8,354 8,513 8,144 8,405 7,574 8,393 7,934 8,296 8,300 8,606 8,990

0.78 1.14 2.78 2.63 3.28 3.17 3.10 3.30 3.16 3.36 3.29 3.24 3.14

3.32 3.96 4.69 4.70 4.87 4.76 4.76 4.81 4.80 4.91 4.93 4.59 4.51

Leu/USD 4.06 4.05 3.94 3.91 3.99 4.08 4.17 4.23 4.21 4.23 4.25 4.18 4.22

Leu/Euro 4.49 4.57 4.65 4.65 4.65 4.66 4.73 4.75 4.75 4.76 4.76 4.73 4.73

JPY/Leu 26.78 27.68 28.00 27.93 27.90 27.61 26.41 26.02 26.40 26.36 25.85 25.84 25.68







4.8 6.9 4.1

スロバキア / Slovakia

7

スロバキア/Slovakia

2016 2017 2018 18/Q2 Q3 Q4 19/Q1 Q2 19/03 04 05 06 07

名目GDP

Nominal GDP(US$ bn) 89.8 95.7 106.4 27.0 27.7 26.6 24.8 -


鉱工業生産

Industrial Production(y/y, %) 4.8 3.2 4.5 6.2 6.2 4.7 7.0 2.8 8.0 6.1 5.1 -2.9 -


(y/y, %) 2.1 6.0 3.7 2.5 3.6 4.0 0.9 -0.4 -1.9 1.8 -2.7 -0.4 -


(y/y, %) 9.3 9.9 9.8 10.2 9.5 9.8 8.7 7.2 8.7 8.3 8.1 7.2 -


(y/y, %) -0.5 1.4 2.5 2.9 2.7 2.1 2.4 2.6 2.7 2.4 2.7 2.7 -


(y/y, %) 3.6 5.2 5.8 6.4 6.1 5.8 7.1 -

失業率


貿易収支

Trade Balance(US$ m) 4,032 3,440 2,902 1,285 455 271 1,159 327 348 -75 172 230 -

輸出額Exports

(US$ m) 77,445 84,293 94,132 24,137 22,341 24,146 23,591 22,424 8,272 7,379 7,721 7,328 -


(y/y, %) 3.7 6.8 6.9 9.8 8.3 5.3 8.7 -1.4 5.2 2.6 0.4 -7.3 -

輸入額　Imports

(US$ m) 73,413 80,853 91,230 22,853 21,886 23,876 22,432 22,098 7,924 7,453 7,549 7,098 -


(y/y, %) 3.3 8.1 8.0 9.4 8.6 9.1 7.4 2.6 8.6 7.6 4.2 -4.0 -

経常収支

Current Account Balance(US$ m) -1,853 -2,029 -2,574 -370 -845 -1,215 161 -


(US$ m) -47 -1,719 -147 121 -724 1,509 275 -


(US$ m) 4,565 6,381 2,468 -33 820 718 1,030 -


(US$ m) 1,712 2,300 3,923 3,237 3,572 3,923 4,458 5,049


(US$ m) 79,051 113,112 116,526 111,928 113,462 116,526 112,718 -


315.5 317.6 334.0 332.0 336.1 332.6 338.2 350.7 344.3 353.9 352.7 344.7 341.8

-0.26 -0.33 -0.32 -0.33 -0.32 -0.32 -0.31 -0.32 -0.31 -0.31 -0.31 -0.33 -0.36

0.54 0.92 0.89 0.84 0.95 1.01 0.78 0.42 0.68 0.57 0.45 0.25 -

EUR/USD 0.90 0.89 0.85 0.84 0.86 0.88 0.88 0.89 0.89 0.89 0.89 0.89 0.89

GBP/EUR 0.82 0.88 0.88 0.88 0.89 0.89 0.87 0.87 0.86 0.86 0.87 0.89 0.90

JPY/EUR 120.27 126.45 130.29 130.00 129.65 128.63 125.10 123.55 125.57 125.43 123.03 122.08 121.41





長期金利（10年物国債)


3.2 3.2 4.1

クロアチア / Croatia

8

クロアチア/Croatia

2016 2017 2018 18/Q2 Q3 Q4 19/Q1 Q2 19/03 04 05 06 07

名目GDP

Nominal GDP(US$ bn) 49.0 59.0 58.9 15.5 16.8 14.6 13.6 -

実質GDP成長率 (q/q, %)* 1.2 0.6 0.2 1.8 -Real GDPGrowth (y/y, %) 2.9 2.8 2.3 3.9 -

鉱工業生産

Industrial Production(y/y, %)** 5.0 2.0 -1.0 0.7 -1.4 -3.1 2.6 -0.8 3.1 3.4 0.2 -5.8 -


(y/y, %) 4.4 4.4 3.9 3.9 2.8 5.0 5.1 3.6 2.7 7.9 -1.2 4.4 -


(y/y, %) -5.6 -3.6 -2.7 -2.0 -2.3 2.2 3.2 1.3 3.2 2.8 2.4 1.3 -


(y/y, %) 0.7 1.3 1.0 1.8 2.0 1.3 0.8 0.8 1.1 0.8 1.0 0.5 -


(y/y, %) 1.9 3.9 4.9 9.3 3.3 7.7 5.3 -

失業率


貿易収支

Trade Balance(US$ m) -7,793 -9,912 -10,671 -2,796 -2,677 -2,592 -2,763 - -1,057 -1,148 - - -

輸出額Exports

(US$ m) 11,091 14,065 13,988 3,617 3,681 3,677 3,378 - 1,490 1,385 - - -


(y/y, %) 0.2 26.8 -0.6 8.5 8.8 2.2 9.4 - 1.9 -3.8 - - -

輸入額　Imports

(US$ m) 18,883 23,978 24,659 6,413 6,358 6,269 6,141 - 2,547 2,532 - - -


(y/y, %) 1.3 27.0 2.8 5.5 7.7 12.3 6.9 - -6.7 8.1 - - -

経常収支

Current Account Balance(US$ m) 1,359 2,149 1,372 246 4,678 -1,123 -2,503 -


(US$ m) 2,243 -1,373 -1,373 897 3,742 -699 -1,336 -


(US$ m) 437 550 1,218 571 88 -126 460 -


(US$ m) 14,244 18,818 19,991 19,439 19,294 19,991 20,580 22,628


(US$ m) 43,968 48,333 44,404 47,146 45,339 44,404 44,298 -


1,771 1,938 1,810 1,822 1,813 1,754 1,764 1,849 1,778 1,809 1,851 1,890 1,901

0.86 0.60 0.50 0.49 0.50 0.49 0.49 0.48 0.49 0.47 0.48 0.49 0.47

Kuna/USD 6.81 6.62 6.29 6.21 6.38 6.50 6.53 6.60 6.57 6.61 6.63 6.56 6.59

Kuna/EUR 7.53 7.46 7.42 7.40 7.42 7.42 7.42 7.42 7.42 7.43 7.42 7.41 7.39

JPY/Kuna 15.96 16.94 17.57 17.57 17.48 17.34 16.85 16.65 16.92 16.88 16.58 16.48 16.43


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



2.62.93.5

ブルガリア / Bulgaria

9

ブルガリア/Bulgaria

2016 2017 2018 18/Q2 Q3 Q4 19/Q1 Q2 19/03 04 05 06 07

名目GDP

Nominal GDP(US$ bn) 53.2 58.2 65.1 16.0 17.7 17.4 14.3 -


鉱工業生産

Industrial Production(y/y, %) -6.9 3.4 1.1 1.4 1.1 0.2 3.5 -0.1 1.2 4.3 0.9 -5.0 -


(y/y, %)** 3.8 5.5 4.4 4.9 4.3 4.2 2.3 1.0 2.0 1.6 0.8 0.5 -

銀行貸出伸び率　Bank Lending Growth

(y/y, %) 0.9 3.4 7.7 6.0 6.2 7.7 7.5 6.1 7.5 6.1 6.2 6.1 -


(y/y, %) -1.3 1.2 2.6 2.3 3.6 3.0 2.5 2.8 2.8 3.1 2.9 2.3 -


(y/y, %) 7.0 10.6 7.4 8.1 7.7 6.9 12.1 12.0 12.6 11.9 12.3 12.0 -

失業率


貿易収支

Trade Balance(US$ m) -2,363 -2,744 -4,730 -1,352 -803 -1,320 -819 - -266 -276 -282 - -

輸出額Exports

(US$ m) 26,564 31,324 33,148 7,958 8,531 8,481 7,954 - 2,721 2,584 2,646 - -


(y/y, %) 5.2 15.9 1.2 0.0 1.9 2.3 9.2 - 5.1 6.8 7.5 - -

輸入額　Imports

(US$ m) 28,927 34,067 37,878 9,310 9,334 9,801 8,773 - 2,987 2,860 2,928 - -


(y/y, %) -0.6 15.6 6.6 7.5 9.4 3.1 4.2 - 1.3 0.4 -0.6 - -

経常収支

Current Account Balance(US$ m) 1,376 1,780 3,006 304 2,622 27 623 -


(US$ m) 5,757 1,898 3,052 1,287 1,653 -373 905 -


(US$ m) 1,537 2,775 2,634 416 763 1,298 163 -


(US$ m) 23,691 26,693 27,045 25,781 26,872 27,045 26,436 26,831


(US$ m) 36,709 40,923 39,027 40,368 40,668 39,027 38,817 -


476.3 664.0 641.5 646.3 631.1 599.0 578.7 575.6 583.3 576.8 571.3 579.3 581.0

0.16 0.09 -0.01 -0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

2.27 1.60 0.89 1.02 0.84 0.74 0.69 0.43 0.67 0.50 0.48 0.32 0.43

Lev/USD 1.77 1.73 1.66 1.64 1.68 1.71 1.72 1.74 1.73 1.74 1.75 1.73 1.74

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 61.46 64.64 66.61 66.47 66.28 65.77 63.94 63.16 64.20 64.12 62.90 62.42 62.07





長期金利（10年物国債)


3.13.84.0

セルビア / Serbia

10

セルビア/Serbia

2016 2017 2018 18/Q2 Q3 Q4 19/Q1 Q2 19/03 04 05 06 07

名目GDP

Nominal GDP(US$ bn) 40.6 44.1 50.5 12.7 12.8 13.0 11.6 -

実質GDP成長率 (q/q, %)* 1.3 0.4 0.2 0.3 -Real GDPGrowth (y/y, %)* 4.9 4.1 3.4 2.5 -

鉱工業生産

Industrial Production(y/y, %) 4.8 3.4 1.5 2.5 -1.3 -1.4 -2.0 -2.5 -2.8 -0.8 -0.6 -6.1 -


(y/y, %) 7.9 3.9 4.1 3.4 4.9 4.8 8.7 7.7 9.7 7.0 6.1 10.1 -


(y/y, %) 1.1 3.2 2.0 1.8 2.4 2.0 2.4 2.3 2.8 3.1 2.2 1.5 -


(y/y, %)*** 3.8 4.0 4.0 2.3 2.7 2.9 9.3 - 9.5 11.1 9.8 - -

貿易収支

Trade Balance(US$ m) -4,016 -4,924 -6,656 -1,494 -1,543 -2,086 -1,633 -1,574 -571 -562 -570 -443 -

輸出額Exports

(US$ m) 14,883 16,997 19,239 5,029 4,757 4,739 4,659 5,031 1,760 1,593 1,765 1,674 -


(y/y, %) 11.3 14.2 13.2 16.1 7.0 5.9 -1.2 0.0 -2.0 -1.0 5.4 -4.1 -

輸入額　Imports

(US$ m) 18,900 21,921 25,883 6,524 6,300 6,822 6,311 6,663 2,331 2,216 2,331 2,116 -


(y/y, %) 5.7 16.0 18.1 21.0 14.0 10.1 1.2 2.1 -3.7 2.5 7.8 -3.8 -

経常収支

Current Account Balance(US$ m) -1,189 -2,312 -2,623 -413 -645 -673 -1,025 -


(US$ m) -603 -1,853 -1,994 -317 -455 -532 -908 -


(US$ m) 2,352 2,873 4,124 844 802 1,520 939 -


(US$ m) 10,060 11,099 12,033 12,141 12,243 12,033 11,991 12,848


(US$ m) 27,957 30,717 30,758 30,474 30,806 30,758 30,468 -


630.0 724.7 744.1 738.8 733.9 743.8 706.1 734.4 712.7 740.4 734.8 727.4 747.8

3.44 3.41 2.96 2.88 2.90 3.00 3.02 2.96 2.97 2.96 2.97 2.96 2.68

111.35 107.70 100.21 99.19 101.55 103.70 104.07 104.96 104.46 104.99 105.44 104.38 104.98

123.13 121.44 118.23 118.12 118.11 118.31 118.20 117.94 118.00 117.97 117.95 117.90 117.73

JPY/Dinar 0.98 1.04 1.10 1.10 1.10 1.09 1.06 1.05 1.06 1.06 1.04 1.04 1.03

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

Dinar/USD

Dinar/EUR



4.32.13.4

北マケドニア / North Macedonia

11

北マケドニア/North Macedonia

2016 2017 2018 18/Q2 Q3 Q4 19/Q1 Q2 19/03 04 05 06 07

名目GDP

Nominal GDP(US$ bn) 10.8 11.3 12.7 3.1 3.3 3.3 2.9 -

実質GDP成長率

Real GDPGrowth(y/y, %) 3.3 1.6 3.7 3.0 3.0 3.7 4.1 -

鉱工業生産（製造業）

Industrial Production (Manufacturing)(y/y, %)*** 6.6 8.3 12.3 13.0 13.6 11.9 14.0 - 17.2 16.4 12.5 - -


(y/y, %)* 6.1 0.2 9.2 7.2 6.9 8.6 7.3 - 7.1 3.7 6.6 - -


(y/y, %) -0.3 2.4 0.8 1.4 1.5 0.9 1.4 0.3 1.4 1.9 1.4 0.3 0.8


(y/y, %) 2.0 2.6 5.8 6.0 4.9 7.7 4.9 - 4.9 4.8 4.3 - -

失業率

Unemployment rate(%) 23.8 22.4 20.7 21.1 20.8 19.4 17.8 -

貿易収支

Trade Balance(US$ m) -1,979 -2,047 -2,144 -519 -444 -598 -517 -530 -258 -179 -93 - -

輸出額Exports

(US$ m) 4,855 5,684 6,908 1,735 1,702 1,860 1,741 1,823 597 624 601 - -


(y/y, %) 7.2 17.1 21.5 23.3 14.6 19.3 8.1 5.1 3.8 4.8 6.7 - -

輸入額　Imports

(US$ m) 6,834 7,731 9,052 2,254 2,146 2,458 2,258 2,353 855 803 694 - -


(y/y, %) 6.3 13.1 17.1 18.8 10.8 11.5 2.9 4.4 11.8 8.7 -7.3 - -

経常収支

Current Account Balance(US$ m) -305 -116 -38 34 265 -139 -210 -


(US$ m) -289 -86 -1 53 271 -103 -203 -


(US$ m) 548 396 661 186 59 111 278 -


(US$ m) 2,498 2,515 3,000 2,803 2,874 3,000 2,934 3,019


(US$ m) 7,607 8,842 9,057 9,831 9,724 9,057 9,330 -


1,887.7 2,405.8 3,154.1 2,985.7 3,387.1 3,487.3 3,632.4 3,749.3 3,676.4 3,650.5 3,790.6 3,810.5 3,838.4

1.96 1.78 1.54 1.50 1.48 1.48 1.46 1.46 1.45 1.46 1.46 1.45 1.45

Denar/USD 55.55 54.50 52.09 51.59 52.83 53.89 54.17 54.73 54.38 54.72 55.00 54.45 54.58

Denar/EUR 61.43 61.45 61.46 61.44 61.44 61.49 61.53 61.50 61.43 61.48 61.52 61.51 61.21

JPY/Denar 1.96 2.06 2.12 2.12 2.11 2.09 2.03 2.01 2.04 2.04 2.00 1.98 1.98

（資料）Macrobond , Eurostat, IMF, 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。

Monthly data for IP covers only manufacturing sector.




ロシア / Russia

12

ロシア/Russia

2016 2017 2018 18/Q2 Q3 Q4 19/Q1 Q2 19/03 04 05 06 07

名目GDP

Nominal GDP(US$ bn) 1,283.4 1,579.0 1,654.1 399.9 413.7 442.8 371.1 -

実質GDP成長率Real GDPGrowth

鉱工業生産

Industrial Production(y/y, %) 2.1 2.3 2.9 3.3 2.9 2.7 2.1 2.9 1.2 4.6 0.9 3.3 -


(y/y, %) -4.6 1.2 2.8 3.2 2.7 2.7 1.9 1.5 1.7 1.6 1.4 1.4 -


(y/y, %) 7.9 10.7 13.2 12.1 11.7 13.2 14.4 13.6 14.4 14.0 13.9 13.6 -


(y/y, %) 7.1 3.7 2.9 2.4 3.0 3.9 5.2 5.0 5.3 5.2 5.1 4.7 4.6


(y/y, %) 8.0 6.6 10.9 10.8 10.9 9.4 8.1 9.4 9.3 10.7 8.7 8.7 -

失業率


貿易収支

Trade Balance(US$ m) 103,426 130,314 211,123 49,162 52,145 61,585 51,222 - 16,836 15,173 13,165 - -

輸出額Exports

(US$ m) 285,772 357,816 449,617 110,194 112,246 124,209 104,514 - 36,979 36,130 32,098 - -


(y/y, %) -16.8 25.2 25.7 30.0 30.7 20.0 1.5 - -0.1 -1.0 -13.0 - -

輸入額　Imports

(US$ m) 182,346 227,502 238,494 61,032 60,101 62,624 53,292 - 20,143 20,957 18,933 - -


(y/y, %) -0.2 24.8 4.8 8.4 -1.7 -3.1 -2.6 - -2.6 5.4 -8.1 - -

経常収支

Current Account Balance(US$ m) 24,469 32,430 113,455 17,869 27,371 38,374 33,692 12,100


(US$ m) 9,766 14,012 75,953 9,103 24,232 30,486 12,773 -2,000


(US$ m) 32,539 28,557 8,785 2,358 -2,870 1,506 10,206 -


(US$ m) 317,544 356,084 381,575 378,568 381,657 381,575 397,774 418,067


(US$ m) 511,752 518,213 454,680 490,801 470,525 454,680 468,849 482,362


1,932 2,040 2,313 2,272 2,327 2,380 2,475 2,627 2,484 2,558 2,588 2,749 2,759

11.18 9.38 7.75 7.40 7.64 8.39 8.55 8.22 8.46 8.31 8.24 8.12 7.89

8.92 7.79 7.90 7.40 8.28 8.71 8.36 8.00 8.38 8.28 8.05 7.61 7.34

Rouble/USD 67.02 58.33 62.80 62.08 65.57 66.60 65.99 64.55 65.21 64.59 64.91 64.08 63.23

Rouble/Euro 74.16 65.90 74.04 73.97 76.24 75.97 74.98 72.54 73.63 72.59 72.60 72.40 70.91

JPY/Rouble 1.63 1.93 1.77 1.76 1.70 1.70 1.67 1.71 1.71 1.73 1.70 1.69 1.71



2.2 0.5 -2.2 2.2 2.7

長期金利 (10年物国債)


短期金利 (MosPrime 3m)

Short-term interest rates (MosPrime 3m)

(y/y, %) 0.3 1.7

カザフスタン / Kazakhstan

13

カザフスタン/Kazakhstan

2016 2017 2018 18/Q2 Q3 Q4 19/Q1 Q2 19/03 04 05 06 07

名目GDP

Nominal GDP(US$ bn) 137.4 159.3 172.8 39.6 41.8 53.6 34.8 -

実質GDP成長率


鉱工業生産

Industrial Production(y/y, %) -1.2 7.2 4.1 5.0 3.9 2.2 3.2 2.1 4.2 1.9 -1.6 5.9 -


(y/y, %) -1.5 5.7 5.7 5.4 6.4 6.5 4.4 5.2 4.8 5.3 5.0 5.4 5.4


(y/y, %) 14.7 7.4 6.0 6.2 6.0 5.3 4.9 5.2 4.8 4.9 5.3 5.4 5.4


(y/y, %) 13.7 5.2 8.5 8.5 9.3 7.5 10.5 12.9

失業率

Unemployment rate(%) 4.9 4.9 4.8 4.9 4.8 4.8 4.8 4.8 4.8 4.8 4.8 4.8 4.8

貿易収支

Trade Balance(US$ m) 11,360 18,904 28,423 6,929 7,126 7,702 6,274 - 844 2,011 1,534 - -

輸出額Exports

(US$ m) 36,737 48,503 60,956 15,038 15,650 16,363 13,311 - 3,426 5,187 5,069 - -


(y/y, %) -20.1 32.0 25.7 22.3 36.4 18.0 -4.3 - -31.6 7.4 7.5 - -

輸入額　Imports

(US$ m) 25,377 29,600 32,534 8,109 8,524 8,661 7,037 - 2,582 3,176 3,534 - -


(y/y, %) -17.0 16.6 9.9 5.6 13.6 4.5 -2.8 - -7.7 16.8 31.9 - -

経常収支

Current Account Balance(US$ m) -8,132 -5,102 -52 -469 -220 1,530 361 -


(US$ m) -7,625 -5,132 2,762 512 429 751 3,737 -


(US$ m) 17,221 4,713 208 -131 551 -1,252 2,033 -


(US$ m) 20,096 18,249 16,536 17,162 17,222 16,536 12,029 11,131


(US$ m) 163,308 167,218 158,787 164,457 161,281 158,787 157,648 -


1,077 1,757 2,325 2,443 2,275 2,237 2,338 2,321 2,382 2,423 2,299 2,234 2,276

15.24 11.76 10.30 10.22 10.00 10.21 10.25 10.07 10.25 10.18 10.00 10.00 10.00

Tenge/USD 341.97 326.13 345.05 330.27 356.28 370.10 377.95 380.31 378.13 379.22 379.82 382.07 383.64

Tenge/Euro 360.84 391.65 394.53 385.61 413.79 423.16 424.33 433.10 424.53 424.94 423.15 435.11 427.12

JPY/Tenge 0.34 0.35 0.32 0.34 0.32 0.30 0.29 0.28 0.29 0.29 0.29 0.28 0.28

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



ウクライナ / Ukraine

14

ウクライナ /Ukraine

2016 2017 2018 18/Q2 Q3 Q4 19/Q1 Q2 19/03 04 05 06 07

名目GDP

Nominal GDP(US$ bn) 93.1 112.1 130.6 30.9 36.3 37.4 29.5 -

実質GDP成長率


鉱工業生産

Industrial Production(y/y, %) 2.8 0.4 2.2 3.2 1.2 -0.4 -3.0 1.6 2.3 5.4 1.7 -2.2 -


(y/y, %) 4.7 7.3 6.2 6.1 6.7 4.8 8.1 11.2 9.5 9.8 9.1 14.8 -


(y/y, %) 1.7 1.8 5.6 7.3 13.2 5.6 2.3 0.0 2.3 1.4 -0.8 0.0 -


(y/y, %) 14.9 14.5 11.0 11.6 8.9 9.8 8.9 9.1 8.6 8.8 9.6 9.0 9.1


(y/y, %) 23.3 37.0 24.8 26.3 24.7 22.5 20.8 18.8 22.1 21.1 17.4 18.0 -

失業率

Unemployment rate(%) 9.5 9.7 9.0 8.9 8.6 8.8 9.2 -

貿易収支

Trade Balance(US$ m) -2,888 -6,342 -9,853 -1,456 -3,811 -3,384 -1,456 - -696 -637 -540 - -

輸出額Exports

(US$ m) 36,362 43,265 47,335 11,826 11,291 12,784 12,273 - 4,318 4,091 4,531 - -


(y/y, %) -4.6 19.0 9.4 15.0 5.8 7.1 7.3 - 6.4 1.7 13.2 - -

輸入額　Imports

(US$ m) 39,250 49,607 57,188 13,282 15,102 16,168 13,730 - 5,014 4,727 5,072 - -


(y/y, %) 4.7 26.4 15.3 16.3 19.2 12.2 8.7 - 11.0 11.4 9.4 - -

経常収支

Current Account Balance(US$ m) -1,340 -2,442 -4,287 -11 -2,739 -896 -25 -


(US$ m) -2,502 -5,016 -7,090 -598 -1,938 -4,189 -376 -595


(US$ m) 3,441 2,827 2,476 796 430 826 435 492


(US$ m) 14,598 17,748 19,818 16,993 15,700 19,818 19,606 19,533


(US$ m) 113,639 115,451 114,710 113,748 114,192 114,710 114,429 -


237.5 284.8 465.3 438.4 514.5 567.8 558.3 558.0 560.8 551.4 569.3 552.2 543.2

17.58 14.34 13.73 13.52 13.44 14.41 14.83 14.64 14.66 14.57 14.65 14.71 15.02

Hryvnia/USD 25.62 26.61 27.26 26.23 27.42 28.00 27.38 26.60 26.96 26.80 26.47 26.54 25.78

Hryvnia/Euro 28.33 30.00 32.16 31.24 31.89 31.94 31.10 29.89 30.45 30.12 29.61 29.97 28.91

JPY/Hryvnia 4.24 4.21 4.05 4.16 4.07 4.03 4.02 4.13 4.12 4.16 4.15 4.07 4.20





実質GDP成長率 / Real GDP growth rate

15

-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 Republic

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

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,%)

北マケドニア/North 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

24

25

26

27

28

29

16

18

20

22

24

26

28

12 13 14 15 16 17 18 19

(Koruna/EUR)(Koruna/USD)

Koruna/USD Koruna/EUR

チェココルナ/ Czech Koruna

240

260

280

300

320

340

360

200

220

240

260

280

300

320

12 13 14 15 16 17 18 19

(Forint/EUR)(Forint/USD)

Forint/USD Forint/EUR

ハンガリーフリン /

Hungarian 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 19

(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 19

(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

1.3

1.4

1.5

1.6

1.7

1.8

1.9

12 13 14 15 16 17 18 19

(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 19

(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

60

62

64

66

40

45

50

55

60

12 13 14 15 16 17 18 19

(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

45

55

65

75

85

95

25

35

45

55

65

75

85

12 13 14 15 16 17 18 19

(Rouble/EUR)(Rouble/USD)

Rouble/USD Rouble/EUR

ロシアルーブル/ Russian Rouble

160

200

240

280

320

360

400

440

480

120

160

200

240

280

320

360

400

440

12 13 14 15 16 17 18 19

(Tenge/EUR)(Tenge/USD)

Tenge/USD Tenge/EUR

カザフスタンン /Kazakh Tenge

5

10

15

20

25

30

35

40

5

10

15

20

25

30

35

40

12 13 14 15 16 17 18 19

(Hryvnia/EUR)(Hryvnia/USD)

Hryvnia/USD Hryvnia/EUR

ウクライナフリブニ / Ukrainian

Hryvnia

90

100

110

120

130

140

150

75

85

95

105

115

125

135

12 13 14 15 16 17 18 19

(JPY/EUR)(JPY/USD)

日本円/Japanese Yen

JPY/USD JPY/EUR

95

100

105

110

115

120

125

60

70

80

90

100

110

120

12 13 14 15 16 17 18 19

(Dinar/EUR)(Dinar/USD)

Dinar/USD Dinar/EUR

セルビアナール/ Serbian Dinar

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MUFG Bank, Ltd. (“MUFG Bank”) is a limited liability stock company incorporated in Japan

and registered in the Tokyo Legal Affairs Bureau (company no. 0100-01-008846). MUFG

Bank’s head office is at 7-1 Marunouchi 2-Chome, Chiyoda-Ku, Tokyo 100-8388, Japan.

MUFG Bank’s London branch is registered as a UK establishment in the UK register of

companies (registered no. BR002013). MUFG Bank is authorised and regulated by the

Japanese Financial Services Agency. MUFG Bank’s London branch is authorised by the

Prudential Regulation Authority (FCA/PRA no. 139189) and subject to regulation by the

Financial Conduct Authority and limited regulation by the Prudential Regulation Authority.

Details about the extent of MUFG Bank London branch’s regulation by the Prudential

Regulation Authority are available from us on request.

19

This report shall not be construed as solicitation to take any action such as

purchasing/selling/investing in financial market products. In taking any action, each reader

is requested to act on the basis of his or her own judgment. This report is based on

information believed to be reliable, but we do not guarantee, and do not accept any liability

whatsoever for, its accuracy and we accept no liability whatsoever for any loss or damage

of any kind arising out of the use of all or any part of this report. The contents of the report

may be revised without advance notice. Also, this report is a literary work protected by

copyright. No part of this report may be reproduced in any form without express statement

of its source.

MUFG Bank, Ltd. retains copyright to this report and no part of this report may be

reproduced or re-distributed without the written permission of MUFG Bank, Ltd. MUFG

Bank, Ltd. expressly prohibits the re-distribution of this report to Retail Customers, via the

internet or otherwise and MUFG Bank, Ltd., its subsidiaries or affiliates accept no liability

whatsoever to any third parties resulting from such re-distribution.

20

MUFG Bank, Ltd.

25 Ropemaker street, London

EC2Y 9AN, UK

www.mufg.jp/

www.mufg.jp/english

21

Documents

Title here up to three lines Arial Regular 26 pt. use one cover only · 2020. 4. 5. · A member of MUFG, a global financial group 中東欧、ロシア、CIS 諸国の主要経済指標