ApexRepublic · Macroeconomic Analysis
Simulate policy levers and explore sector-level economic diagnostics across real, external, and fiscal dimensions.
GDP Growth
2.50%
Inflation Rate
2.10%
Unemployment
4.80%
Budget Balance
+$5B
🏦 Monetary Policy
Managed by the Central Bank to regulate money supply and control inflation.
⚖️ Fiscal Policy
Managed by the Government via taxation and spending to influence aggregate demand.
Economic Performance Timeline
Central Bank & Treasury Advisory
✓ Economy is stable. Inflation and growth are within optimal target ranges.
Figure 1. ApexRepublic, Real Sector
Real GDP Growth
2.50%
Inflation (CPI)
2.10%
Output Gap
0.00%
S-I Balance (% GDP)
0.0%
Real GDP growth rose above potential — largely on account of stronger consumption and net exports...
Real GDP Growth & Output Gap (%)
...largely on account of stronger consumption and net exports.
Real GDP Growth and Contribution (%)
...as a result, inflation rose sharply and almost breached its upper limit.
Inflation Indicators (%)
Higher spending-led growth caused the S-I deficit to widen.
Saving and Investment (% of GDP)
Source: ApexRepublic authorities and IMF staff calculations
Figure 2. ApexRepublic, External Sector
REER Index
100.0
Current Acct (% GDP)
0.0%
Reserves (mo. imports)
3.5
NIIP (% GDP)
-10.0%
The appreciation trend in the real exchange rate has been driven largely by inflation differentials...
Real Exchange Rate Index (Base Q1 = 100)
...leading to a deterioration of the current account. Despite strong financial inflows, the BOP surplus is shrinking...
BOP Main Balances (% of GDP)
...and reserves have started to decline below 3-months of import coverage...
Reserve Coverage (months of imports)
...thus widening the negative country's net international investment position.
IIP (% of GDP)
Source: IMF staff calculations
Figure 3. ApexRepublic, Fiscal & Monetary Stance
Fiscal Impulse
0.0%
GG Liabilities ($B)
$0B
Policy Rate
4.50%
Broad Money Growth
8.0%
The output gap opened up on the back of an increasingly loose fiscal stance...
Output Gap (%) & Fiscal Impulse (expansionary +)
...which has caused the general government debt to go up.
GG Liabilities ($B)
In the wake of expansionary fiscal policy, monetary policy was tightened and domestic lending rates continued climbing up...
Interest Rates (%)
...leading to crowding out overall credit growth to the private sector.
Broad Money & Private Sector Credit Growth (%)
Source: IMF staff calculations