GDP is projected to grow 7.2% in 2013, the same as 2012. Expected increases in foreign direct investment—along with strong performance in agriculture, tourism, and construction—will likely drive growth. Rapid credit expansion poses significant short-term risks, while high business costs may dampen investment.
| Latest | Month-Ago | Year-Ago | ||
|---|---|---|---|---|
| Exchange Rate Index 1 | 102.6 (Feb13) | 102.7 | 101.7 | |
| Merchandise Export Growth 2 | 26.5 (Nov12) | 24.4 | 24.4 | |
| Growth of Broad Money 3 | 21.1 (Jan13) | 39.4 | 21.4 | |
| Industrial/Manufacturing Production Growth Rate 4 | 6.7 (Mar10) | 7.3 | -0.7 | |
| Headline Inflation Rate 4 | 1.6 (Nov12) | 1.2 | 5.7 | |
| Claims on the Private Sector 4 | 27.3 (Jan13) | 48.2 | 35.0 | |
| 1 Monthly average, January 2006 = 100, $/local currency; an increase from previous period indicates appreciation. 2 3-month moving average, y-o-y, %. 3 M2, y-o-y, %. 4 y-o-y, %. | ||||
| Source: Bloomberg LP; IMF Direction of Trade Statistics; IMF International Financial Statistics Online. | ||||