Forecast summary | ||||
(% unless otherwise indicated) | ||||
2017a | 2018a | 2019b | 2020b | |
Real GDP growth | 6.9 | 7.5c | 5.0 | 4.0 |
Gross fixed investment growth | 4.8 | 6.0c | 2.4 | 3.0 |
Gross agricultural production growth | 8.3 | 6.0c | 4.5 | 5.0 |
Consumer price inflation (av) | 2.8 | -0.1 | -0.3 | -0.6 |
Consumer price inflation (end-period) | 1.3 | -0.9 | -0.2 | -0.7 |
Lending interest rate | 9.8 | 11.5 | 11.4 | 11.1 |
Government balance (% of GDP) | -1.8 | -4.0c | -3.5 | -3.2 |
Exports of goods fob (US$ m) | 318.3 | 339.2 | 362.9 | 377.5 |
Imports of goods fob (US$ m) | 2,226.5 | 2,760.5 | 2,586.1 | 2,463.8 |
Current-account balance (US$ m) | -1,058.9 | -1,338.1 | -1,040.8 | -718.6 |
Current-account balance (% of GDP) | -21.8 | -28.6c | -21.4 | -14.1 |
External debt (year-end; US$ m) | 1,364.8 | 1,664.9c | 1,953.0 | 2,013.7 |
Exchange rate Rf:US$ (av) | 15.39 | 15.39 | 15.40 | 15.38 |
Exchange rate Rf:US$ (end-period) | 15.41 | 15.41 | 15.40 | 15.38 |
Exchange rate Rf:¥100 (av) | 13.72 | 13.94 | 13.99 | 14.15 |
Exchange rate Rf:€ (av) | 17.38 | 18.18 | 17.40 | 18.14 |
a Actual. b Economist Intelligence Unit forecasts. c Economist Intelligence Unit estimates. |
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