The IMF Country Reports Series covers economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with officials of the country, is published at the option of the member.
After weakening in 1999, GDP growth has increased strongly in 2000, led by exports. The savings-investment gap has increased from 1¾ percent of GDP in 1998 to 31/4 percent of GDP in 1999, widening further to 7 percent of GDP in 2000. Agriculture has grown by 41/2 percent in 1999, registering a broadly similar growth rate as manufacturing for the first time in many years. In contrast, agricultural output performance was mixed during 2000. Manufacturing has slowed to only 41/2 percent in 1999, significantly below the average growth of nearly 8 percent recorded in 1997 and 1998.