Markets Actual Q4 Q1 Q2 Q3 2023
Stock Market (points) 1257.19 1212 1212 1212 1212 1212
Currency 105.96 108 110 111 113 116

Overview Actual Q4 Q1 Q2 Q3 2023
GDP Growth Rate (%) 0.11 0.9 0.6 0.5 0.2 0.5
GDP Annual Growth Rate (%) 1.70 3.8 3.1 2.3 2.3 2.5
Unemployment Rate (%) 5.40 4.5 4.3 4.1 4.1 4
Inflation Rate (%) 4.02 4.17 3.88 3.15 3.15 3
Interest Rate (%) 8.35 9.5 10 10 10 10
Balance of Trade (USD Thousand) -385669.00 -310248 -315647 -320075 -324521 -328966
Current Account (USD Million) 1366.27 -50 -50 -50 -50 -50
Current Account to GDP (% of GDP) 2.90 0.5 0.5 0.5 0.5 -0.2
Government Debt to GDP (% of GDP) 59.00 61 61 61 61 61
Government Budget (% of GDP) -8.90 -2.5 -2.5 -2.5 -2.5 -2.3
Business Confidence (points) 1653.30 1560 1510 1490 1490 1500
Consumer Confidence (points) 36.60 36.3 37.1 37.6 37.6 40
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 37.00 37 37 37 37 37

GDP Actual Q4 Q1 Q2 Q3 2023
GDP Growth Rate (%) 0.11 0.9 0.6 0.5 0.2 0.5
GDP Annual Growth Rate (%) 1.70 3.8 3.1 2.3 2.3 2.5
GDP (USD Billion) 106.17 113 119 119 119 119
GDP Constant Prices (USD THO) 17589433.00 18158086 18108811 17993990 17993990 18612038
Gross Fixed Capital Formation (USD THO) 3559061.00 3616702 3737974 3640919 3640919 3707120
GDP per Capita (USD) 5464.63 5622 5774 5774 5774 5774
GDP per Capita PPP (USD) 10614.64 10850 10850 10850 10850 11900
GDP from Agriculture (USD Thousand) 1309171.00 1453111 1407447 1339282 1339282 1489439
GDP from Construction (USD Thousand) 1101262.00 1142947 1134417 1126591 1126591 1171521
GDP from Manufacturing (USD Thousand) 2052055.00 2143525 2094411 2099252 2099252 2197113
GDP from Mining (USD Thousand) 1505185.00 1382067 1555564 1539804 1539804 1416619
GDP from Public Administration (USD Thousand) 1160877.00 1207896 1188650 1187577 1187577 1238093
GDP from Services (USD Thousand) 1133041.00 1178218 1169655 1159101 1159101 1207674
GDP from Transport (USD Thousand) 1328785.00 1367274 1348454 1359347 1359347 1401456
GDP from Utilities (USD Thousand) 564993.00 582940 580275 577988 577988 597513

Labour Actual Q4 Q1 Q2 Q3 2023
Unemployment Rate (%) 5.40 4.5 4.3 4.1 4.1 4
Wages (USD/Month) 466.63 480 480 480 480 480
Population (Million) 17.73 17.9 18.06 18.06 18.06 18.06
Labor Force Participation Rate (%) 63.40 64.8 64.8 64.8 64.8 65
Minimum Wages (USD/Month) 425.00 425 440 440 440 440
Employment Rate (%) 42.00 41.7 41.7 41.8 41.8 42
Wages in Manufacturing (USD/Month) 450.00 470 470 470 470 470

Prices Actual Q4 Q1 Q2 Q3 2023
Inflation Rate (%) 4.02 4.17 3.88 3.15 3.15 3
Consumer Price Index CPI (points) 110.06 111 112 113 113 114
Producer Prices (points) 112.34 111 114 114 116 114
Inflation Rate MoM (%) 0.12 0.3 0.2 0.2 0.2 0.2
Food Inflation (%) 7.37 6.5 5.1 4.6 4 3.7
CPI Housing Utilities (points) 118.73 122 122 122 122 125
CPI Transportation (points) 119.51 120 120 120 121 121
Producer Prices Change (%) 7.45 6.24 5.5 4 4 3

Money Actual Q4 Q1 Q2 Q3 2023
Interest Rate (%) 8.35 9.5 10 10 10 10
Interbank Rate (%) 334.00 1.25 1.25 1.25 1.25 1.25
Deposit Interest Rate (%) 4.16 6.05 6.55 7.05 7.05 7.05

Trade Actual Q4 Q1 Q2 Q3 2023
Balance of Trade (USD Thousand) -385669.00 -310248 -315647 -320075 -324521 -328966
Current Account (USD Million) 1366.27 -50 -50 -50 -50 -50
Current Account to GDP (% of GDP) 2.90 0.5 0.5 0.5 0.5 -0.2
Exports (USD Thousand) 2625423.00 2663583 2677890 2692198 2706505 2720812
Imports (USD Thousand) 3011092.00 2973831 2993537 3012273 3031026 3049778
Remittances (USD Million) 1103.60 1350 1350 1390 1390 1400
Crude Oil Production (BBL/D/1K) 409.00 530 530 530 530 510
Foreign Direct Investment (USD Million) 675.99 200 250 150 150 200

Government Actual Q4 Q1 Q2 Q3 2023
Government Debt to GDP (% of GDP) 59.00 61 61 61 61 61
Government Budget (% of GDP) -8.90 -2.5 -2.5 -2.5 -2.5 -2.3
Government Budget Value (USD Million) -28.46 -40 100 100 100 100
Government Spending (USD THO) 2597687.00 2753289 2721951 2657434 2657434 2822121
Government Revenues (USD Million) 1749.56 1698 1854 1869 1869 1901
Fiscal Expenditure (USD Million) 1778.01 1738 1754 1769 1769 1801
Military Expenditure (USD Million) 2417.00 2300 2300 2300 2300 2400

Taxes Actual Q4 Q1 Q2 Q3 2023
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 37.00 37 37 37 37 37
Sales Tax Rate (%) 12.00 12 12 12 12 12
Social Security Rate (%) 21.60 21.6 21.6 21.6 21.6 21.6
Social Security Rate For Companies (%) 12.15 12.15 12.15 12.15 12.15 12.15
Social Security Rate For Employees (%) 9.45 9.45 9.45 9.45 9.45 9.45

Business Actual Q4 Q1 Q2 Q3 2023
Business Confidence (points) 1653.30 1560 1510 1490 1490 1500
Leading Economic Index (%) 7.25 3.1 4.1 2.8 2.8 3
Manufacturing Production (%) 30.32 4.3 4.3 4.3 4.3 4.3

Consumer Actual Q4 Q1 Q2 Q3 2023
Consumer Confidence (points) 36.60 36.3 37.1 37.6 37.6 40
Consumer Spending (USD THO) 11727372.00 12091089 12039312 11997102 11997102 12393366
Consumer Credit (USD Million) 35253.97 32887 33841 34693 36065 33709