The US Central Intelligence Agency (CIA) reports that in 2001 the purchasing power parity of Iraq's exports was $15.8 billion while imports totaled $11 billion resulting in a trade surplus of $4.8 billion. Following the 2003 war, a representative government was forecast to be in place by 2005, which would promote the stabilization of the economy. Although substantial imports in the second half of 2003 were forecast to limit the trade surplus, oil output was forecast to rebound in 2004, driving GDP growth and creating a current account surplus of 8% of GDP.