Forecast summary | ||||||
(% unless otherwise indicated) | ||||||
2010a | 2011b | 2012b | 2013b | 2014b | 2015b | |
Real GDP growth | 4.3 | 3.9 | 4.2 | 4.3 | 4.3 | 4.4 |
Crude oil production ('000 b/d) | 8,264.2 | 8,572.1 | 8,865.7 | 9,098.9 | 9,306.9 | 9,484.7 |
Oil exports (US$ bn) | 174.7 | 204.4 | 194.1 | 185.0 | 161.6 | 162.9 |
Consumer price inflation (av) | 5.4 | 7.9 | 3.9 | 4.3 | 5.0 | 5.2 |
Consumer price inflation (end-period) | 5.7 | 5.9 | 4.1 | 4.6 | 5.1 | 5.2 |
Deposit rate (3-month; av) | 0.5 | 0.8 | 1.2 | 2.7 | 4.5 | 5.5 |
Government balance (% of GDP) | 6.4 | 9.4 | 6.0 | 3.8 | 2.4 | 3.0 |
Exports of goods fob (US$ bn) | 235.4 | 272.3 | 263.0 | 259.0 | 253.2 | 259.8 |
Imports of goods fob (US$ bn) | -88.4 | -98.2 | -104.6 | -111.3 | -118.4 | -125.8 |
Current-account balance (US$ bn) | 68.6 | 91.1 | 73.2 | 60.6 | 46.5 | 44.9 |
Current-account balance (% of GDP) | 15.6 | 18.0 | 14.0 | 11.1 | 8.1 | 7.2 |
External debt (end-period; US$ bn) | 81.0 | 97.3 | 114.8 | 129.1 | 142.7 | 148.3 |
Exchange rate SR:US$ (av) | 3.8c | 3.8 | 3.8 | 3.8 | 3.8 | 3.8 |
Exchange rate SR:¥100 (av) | 4.3c | 4.6 | 4.6 | 4.6 | 4.6 | 4.5 |
Exchange rate SR:€ (av) | 5.0c | 4.7 | 4.5 | 4.4 | 4.4 | 4.4 |
a Economist Intelligence Unit estimates. b Economist Intelligence Unit forecasts. c Actual. |
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