Forecast summary | ||||||
(% unless otherwise indicated) | ||||||
2010a | 2011b | 2012b | 2013b | 2014b | 2015b | |
Real GDP growth | 3.3 | 3.6 | 4.1 | 3.9 | 3.7 | 3.5 |
Oil production ('000 b/d) | 1,550c | 1,591 | 1,643 | 1,690 | 1,731 | 1,764 |
Oil exports (US$ bn) | 45.0 | 51.7 | 49.5 | 48.1 | 47.1 | 47.7 |
Consumer price inflation (av) | 2.5 | 4.0 | 2.9 | 2.7 | 3.1 | 3.2 |
Consumer price inflation (end-period) | 4.0 | 3.9 | 1.8 | 3.2 | 3.1 | 3.2 |
Deposit rate | 2.5 | 3.0 | 3.5 | 4.0 | 4.0 | 4.0 |
Government balance (% of GDP) | 8.9 | 13.5 | 12.6 | 12.0 | 12.7 | 14.5 |
Exports of goods fob (US$ bn) | 46.3 | 53.0 | 50.9 | 49.5 | 48.6 | 49.3 |
Imports of goods fob (US$ bn) | 24.6 | 26.1 | 27.4 | 29.2 | 30.9 | 32.7 |
Current-account balance (US$ bn) | 16.2 | 21.5 | 18.1 | 15.2 | 12.7 | 11.7 |
Current-account balance (% of GDP) | 20.4 | 24.2 | 20.5 | 16.8 | 13.8 | 12.1 |
External debt (end-period; US$ bn) | 6.4 | 6.8 | 7.0 | 7.1 | 7.2 | 7.3 |
Exchange rate LD:US$ (av) | 1.27c | 1.27 | 1.30 | 1.30 | 1.31 | 1.30 |
Exchange rate LD:US$ (end-period) | 1.26c | 1.30 | 1.29 | 1.30 | 1.30 | 1.30 |
Exchange rate LD:€ (av) | 1.68c | 1.59 | 1.55 | 1.53 | 1.51 | 1.53 |
Exchange rate LD:¥100 (av) | 1.44c | 1.55 | 1.57 | 1.60 | 1.59 | 1.56 |
a Economist Intelligence Unit estimates. b Economist Intelligence Unit forecasts. c Actual. |
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