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Country Report Ethiopia May 2011
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HTMLOutlook for 2011-12: Forecast summary
| Forecast summary | ||||
| (% unless otherwise indicated) | ||||
| 2009a | 2010b | 2011c | 2012c | |
| Real GDP growthd | 8.7 | 7.0 | 9.0 | 9.5 |
| Consumer price inflation (av) | 8.5 | 8.1a | 22.7 | 11.0 |
| Lending interest rate (%) | 14.2b | 8.8 | 8.6 | 9.0 |
| Government balance (% of GDP)d | -1.0 | -1.7 | -2.5 | -2.3 |
| Exports of goods fob (US$ m) | 1,538.2 | 1,716.3 | 2,171.1 | 2,157.6 |
| Imports of goods fob (US$ m) | 6,819.2 | 6,936.7 | 7,763.7 | 8,214.6 |
| Current-account balance (US$ m) | -2,190.6 | -1,847.1 | -1,384.1 | -1,123.2 |
| Current-account balance (% of GDP) | -7.7 | -7.4 | -5.5 | -4.2 |
| External debt (year-end; US$ m) | 5,025.4 | 5,680.9 | 6,415.9 | 7,085.8 |
| Exchange rate Birr:US$ (av) | 11.78 | 14.40 | 17.90 | 19.60 |
| Exchange rate Birr:¥100 (av) | 12.57 | 16.39 | 21.90 | 24.20 |
| Exchange rate Birr:€ (av) | 16.41 | 19.09 | 24.43 | 25.38 |
| Exchange rate Birr:SDR (av) | 18.24 | 22.08 | 28.12 | 30.25 |
| a Actual. b Economist Intelligence Unit estimates. c Economist Intelligence Unit forecasts. d Fiscal years ending July 7th. | ||||
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