Forecast summary | ||||
(% unless otherwise indicated) | ||||
2009a | 2010a | 2011b | 2012b | |
Real GDP growth | 6.0 | 4.5 | 4.8 | 4.5 |
Oil production ('000 b/d) | 375.0c | 386.0 | 389.9 | 393.8 |
Gross agricultural production growth | 12.0 | -4.0 | 2.0 | 2.1 |
Consumer price inflation (av) | 2.6c | 4.4c | 7.1 | 2.4 |
Government balance (% of GDP) | -3.9c | -4.5 | -1.7 | -5.3 |
Exports of goods fob (US$ bn) | 10.9 | 11.9 | 13.1 | 13.4 |
Imports of goods fob (US$ bn) | 13.9 | 15.2 | 16.2 | 16.9 |
Current-account balance (US$ bn) | -1.2 | -1.1 | -0.4 | -0.4 |
Current-account balance (% of GDP) | -2.3 | -1.9 | -0.6 | -0.6 |
External debt (year-end; US$ bn) | 7.2 | 7.5 | 7.8 | 8.2 |
Exchange rate S£:US$ (av) | 46.7c | 46.4 | 46.9 | 47.0 |
Exchange rate S£:US$ (end-period) | 45.7c | 46.7 | 46.9 | 47.0 |
Exchange rate S£:¥100 (av) | 49.8c | 52.7 | 56.9 | 57.1 |
Exchange rate S£:€ (av) | 65.1c | 61.5 | 58.6 | 56.4 |
a Economist Intelligence Unit estimates. b Economist Intelligence Unit forecasts. c Actual. |
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