AEIR 2018

Growth dropped sharply from 7.5% in 2017 to 5.2% in 2018. On the supply side, agriculture contracted, while services and industry drove growth. On the demand side, private consumption and investment contributed most. Growth is projected to slow further to 4.3% in 2019, recovering slightly to 4.5% in 2020. Fiscal consolidation will limit capital outlays and thus any gains in public consumption and investment. However, private consumption and investment should receive a boost from expected increases in remittances and tax reforms implemented in 2019.

Source: Asian Development Outlook 2019, ADB.
Latest Month-Ago Year-Ago
Headline Inflation Rate 1 0.6 (Aug19)1.7 3.3
Industrial/ Manufacturing Production Growth Rate 1 16.1 (Jul19)12.8 7.3
Merchandise Export Growth 1 19.4 (Jul19)19.4 5.1
1 y-o-y, %.
Source: CEIC database.

Initiatives / FTAs