Although recent GDP growth has moderated from the double-digit highs of the early 2000s, it has remained above 5% for more than 25 years, supported by robust natural resource exports, steady foreign direct investment (FDI), rising incomes and private consumption, and rapid expansion of the industrial and services sectors. External headwinds and internal conflict have dampened the near-term outlook; however, the country’s long-term economic outlook remains positive, with rising investment in transport and power infrastructure expected to drive GDP and industrial growth, supported by a sharp increase in personal incomes and consumer spending.