Ethiopia's structural trade imbalance will keep the overall current account firmly in deficit during 2011-12. Trade activity will quicken in line with faster economic growth, although import growth will outpace export growth, leading to a wider nominal trade deficit in both years. Robust economic growth, high global food and fuel prices and growing demand for capital goods for infrastructure projects will drive up import costs while exports will receive a boost from a more competitive exchange rate. The services account is forecast to switch from deficit to surplus owing to the projected start-up of electricity exports to neighbouring countries in 2011. The country's dependence on concessional borrowing from donors and private remittances will continue (current transfers are around twice as large as export earnings) and growth in transfers will mitigate the expanding trade deficit. Overall, the current-account deficit is forecast at 5.5% of GDP in 2011, falling to 4.2% in 2012 as the prices of imported food and fuel fall.