<!-- Start of picture text --> 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010f 201If 2012f 2013f 2014f 20I5f<br>The real economy<br>Real GDP 84 8.3 91 10.0 86101 10.4 1.6 13.0 9.6 8.8 95 87 8.0 79 78 7.6<br>Domestic demand* 75 85 8.6 10.2 oF 81 oF 10.8 94 Bg oF 87 a4 8.2 $1 8.0<br>Consumption* 89 6.6 6.6 5.9 68 Ta a4 10.2 8.8 99 9.6 93 92 9] 9.0 a9<br>Gross capital formation® 52 12.0 TI 69 13.6 9.0 111 14 10.2 18.3 oF 8.0 75 73 71 69<br>Contribution to GDP growth (pp)<br>Domestic demand? 74 8.3 aA 99 95 79 9A 104 88 T.8 9] 8.3 8.0 7 78 a<br>Net exports* 0.0 0.0 OF 10] 0.6 25 22 2.6 08 -4.0 a4 o4 0.0 0006-01 -01<br>Contribution net exports (pp)? _— —_— _— —_— _— —_— 38 35 18 4.8 a4 o4 0.0 00 6 -01 6-01<br>Exports (goods and services}? 30.6 96 294 268 284 24.5 240 200 86 -104 147 94 7.0 68 67 65<br>Imports (goods and services)" 24.5 W.8 274 249 227 1416] 142 5] 43 164 92 8.3 8.2 81 8.0<br>Potential GDP growth a7 9.0 91 oF 10.0 10.2 10.5 104 10.1 10.0 93 8.8 85 8.2 79 a<br>Output gap (pp) -l 8 18 +6 -15 -13) -02 23 18 0.6 08 o7 03 00 -02 -03<br>CPI increases (period average) (?s) o4 oF -O8 12 39 18 15 48 59 -O7 a7 28 28 28 28 28<br>GDP deflator 2] 2] 0.6 26 69 3.8 3.6 74 14-21 28 2.6 23 20 20 2.0<br>External terms of trade _— —_— _— —_— _— — -08 -09 -43 86 -29 —-O] 1 OF o7 OF<br><!-- End of picture text -->

|The real economy|2000|2001|2002|2003|2004|2005|2006|2007|2008|2009|2010|f<br>201If|2012|f<br>2013|f<br>2014|f<br>20I5f|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Real GDP|84|8.3|91|10.0|86101|10.4|1.6|13.0|9.6|8.8|95|87|8.0|79|78|7.6|
|Domestic demand*|75|85|8.6|10.2|oF|81|oF|10.8|94|Bg|oF|87|a4|8.2|$1|8.0|
|Consumption*|89|6.6|6.6|5.9|68|Ta|a4|10.2|8.8|99|9.6|93|92|9]|9.0|a9|
|Gross capital formation®|52|12.0|TI|69|13.6|9.0|111|14|10.2|18.3|oF|8.0|75|73|71|69|
|Contribution to GDPgrowth (pp)|||||||||||||||||
|Domestic demand?|74|8.3|aA|99|95|79|9A|104|88|T.8|9]|8.3|8.0|7|78|a|
|Netexports*|0.0|0.0|OF|10]|0.6|25|22|2.6|08|-4.0|a4|o4|0.0|00|06-01|-01|
|Contribution netexports(pp)?|_—|—_—|_—|—_—|_—|—_—|38|35|18|4.8|a4|o4|0.0|00|6 -01|6-01|
|Exports (goodsand services}?|30.6|96|294|268|284|24.5|240|200|86|-104|147|94|7.0|68|67|65|
|Imports (goods and services)"|24.5|W.8|274|249|227|14|16]|142|5]|43|164|92|8.3|8.2|81|8.0|
|Potential GDP growth|a7|9.0|91|oF|10.0|10.2|10.5|104|10.1|10.0|93|8.8|85|8.2|79|a|
|Output gap (pp)|-l|8|18|+6|-15|-13)|-02|23|18|0.6|08|o7|03|00|-02|-03|
|CPI increases (period average) (?s)|o4|oF|-O8|12|39|18|15|48|59|-O7|a7|28|28|28|28|28|
|GDP deflator|2]|2]|0.6|26|69|3.8|3.6|74|14|-21|28|2.6|23|20|20|2.0|
|External termsoftrade|_—|—_—|_—|—_—|_—|—|-08|-09|-43|86|-29|—-O]|1|OF|o7|OF|
|Fiscalaccounts (%GDP)|||||||||||||||||
|Budget balance*|—25|-23|-26|—-22|-13|42|-08|06|-04|-28|-28|-28|-28|—-28|-28|-28|
|Revenues|13.5|49|167|16.0|16.5|3|18.3|199|19.5|20.6|19.6|38|200|202|204|20.46|
|Expenditures|16.0|7.2|18.3|181|7.8|18.5|191|193|199|234|24|726|22.8|23.0|232|234|
|Externalaccount(USS billions)|||||||||||||||||
|Current account balance (USS bn}|21|WF|35|46|69|161|250|a2|426|297|322|359|391|415|438|458|
|As share ofGDP (?s)|WF|13|24|28|3.6|72|o4|11.0|94|6]|5.8|5.6|54|5.0|47|43|
|Foreign exchange reserves (USS bn)|—|—|—|403|610|819<br>|1,066<br>|1529|1946<br>|2400|2767|3148<br>|3550|3970|441|4,870|
|Other<br>Broadmoneygrowth(M2),eap(?s)|14.0|44|16.8|19.6|14.6|7.6|8616.9|167|7B|27.0|17.0|—|—|—|—|—|

<!-- Start of picture text --> Fiscal accounts (% GDP)<br>Budget balance* —25 -23 -26 —-22 -13 42 -08 06 -04 -28 -28 -28 -28 —-28 -28 -28<br>Revenues 13.5 49 167 16.0 16.5 3 18.3 199 19.5 20.6 19.6 38 200 202 204 20.46<br>Expenditures 16.0 7.2 18.3 181 7.8 18.5 191 193 199 234 24 726 22.8 23.0 232 234<br>External account (USS billions)<br>Current account balance (USS bn} 21 WF 35 46 69 161 250 a2 426 297 322 359 391 415 438 458<br>As share of GDP (?s) WF 13 24 28 3.6 72 o4 11.0 94 6] 5.8 5.6 54 5.0 47 43<br>Foreign exchange reserves (USS bn) — — — 403 610 819 1,066 1529 1946 2400 2767 3148 3550 3970 441 4,870<br>Other<br>Broad money growth (M2), eap (?s) 14.0 44 16.8 19.6 14.6 7.6 8616.9 167 7B 27.0 17.0 — — — — —<br><!-- End of picture text -->