Major indicators
Surface area (sq. km) | 310 070 |
Forest area (sq. km) | 137 970 |
Forest area (% of land area) | 44.50 |
Major macro economic indicators
| 2010 | 2011 |
Inflation, GDP deflator (annual %) | 11.86 | 20,86 |
GDP growth (annual %) | 6.78 | 5.89 |
Budget balance (% of GDP) | -5.2 | -2.7 |
Current account balance (% of GDP) | -4.0 | 0.2 |
Public debt (% GDP) | 54.2 | 48.3 |
Total reserves in months of imports | 1.62 | 1.42 |
Source : The World Bank : World Development Indicators & Global Development Finance
Credit Rating
CRA | Rating | Perspective | Date of rating |
Fitch | B+ | Stable | 2011-11-21 |
Moody's | B1 | Negative | 2012-01-18 |
Standard & Poor's | BB- | Negative | 2011-11-29 |
Dagong | B+ | Negative | 2011-08-31 |
COFACE Rating | 2010 | 2011 |
@rating country (A1 = Law riskt ; D = high risk) | C | C |
Business climate assessements (A1 = Law risk ; D = high risk) | C | C |
Strengths and Weaknesses
STRENGTHS | WEAKNESSES |
Skilled, low-cost workforce Strong agricultural and natural resources potential Development strategy based on economic openness and diversification
| Country’s specialisation too concentrated on competitiveness of low value-added products Persistent business environment shortcomings Lack of infrastructure Unfinished public sector reform Widening inequalities Weak banking system
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