Forecast summary | ||||
(% unless otherwise indicated) | ||||
2009a | 2010a | 2011b | 2012b | |
Real GDP growth | 5.0 | 4.0 | 4.6 | 4.5 |
Oil production ('000 b/d) | 375.0c | 370.2 | 373.4 | 369.5 |
Gross agricultural production growth | 12.0 | -1.0 | 2.0 | 2.1 |
Consumer price inflation (av) | 2.6c | 3.4 | 4.4 | 4.2 |
Government balance (% of GDP) | -2.8c | -3.7 | -1.3 | -3.9 |
Exports of goods fob (US$ bn) | 11.8 | 12.8 | 13.5 | 14.0 |
Imports of goods fob (US$ bn) | 12.6 | 13.6 | 14.3 | 15.1 |
Current-account balance (US$ bn) | 0.4 | 0.6 | 0.7 | 0.6 |
Current-account balance (% of GDP) | 0.7 | 1.0 | 1.2 | 0.9 |
External debt (year-end; US$ bn) | 7.1 | 7.3 | 7.4 | 7.9 |
Exchange rate S£:US$ (av) | 46.7c | 46.4 | 46.7 | 46.6 |
Exchange rate S£:US$ (end-period) | 45.7c | 46.7 | 46.7 | 46.6 |
Exchange rate S£:¥100 (av) | 49.8c | 52.7 | 56.6 | 56.6 |
Exchange rate S£:€ (av) | 65.1c | 61.4 | 58.3 | 56.0 |
a Economist Intelligence Unit estimates. b Economist Intelligence Unit forecasts. c Actual. |
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