Forecast summary | ||||
(% unless otherwise indicated) | ||||
2009a | 2010b | 2011c | 2012c | |
Real GDP growth | 1.1 | 4.5 | 4.7 | 5.0 |
Oil production ('000 b/d) | 813 | 865a | 890 | 900 |
Crude oil exports (US$ m) | 13,939 | 19,598 | 22,896 | 21,529 |
Consumer price inflation (av) | 3.5 | 3.4 | 4.1 | 3.9 |
Lending rate | 7.4 | 7.2 | 7.3 | 7.4 |
Official net budget balance (% of GDP)d | -3.8 | 1.4 | 1.2 | 0.8 |
Unofficial gross budget balance (% of GDP)e | -2.9 | 9.6 | 12.7 | 8.5 |
Exports of goods fob (US$ bn) | 27.7 | 35.2 | 40.5 | 41.7 |
Imports of goods fob (US$ bn) | 16.1 | 19.3 | 22.4 | 24.4 |
Current-account balance (US$ bn) | -0.3 | 2.0 | 2.4 | 1.4 |
Current-account balance (% of GDP) | -0.6 | 3.6 | 4.0 | 2.1 |
External debt (year-end; US$ bn) | 6.9b | 7.9 | 8.6 | 9.1 |
Exchange rate OR:US$ (av) | 0.385 | 0.385a | 0.385 | 0.385 |
Exchange rate OR:€ (av) | 0.536 | 0.510a | 0.481 | 0.461 |
Exchange rate OR:¥100 (av) | 0.410 | 0.437a | 0.467 | 0.467 |
Exchange rate OR:SDR (av) | 0.595 | 0.589a | 0.583 | 0.574 |
a Actual. b Economist Intelligence Unit estimates. c Economist Intelligence Unit forecasts. d Excludes State General Reserve Fund (SGRF) operations. e Includes SGRF operations. |
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