AEIR 2019/2020

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 -0.1 (Mar20)-0.5 1.9
Industrial/ Manufacturing Production Growth Rate 1 -1.9 (Mar20)16.5 2.1
Merchandise Export Growth 1 -17.4 (Mar20)2.8 -2.2
Exchange Rate Index 2 108.0 (Apr20)108.0 107.3
1 y-o-y, %.
2 Monthly average, January 2006 = 100, $/local currency.
Source: CEIC database.

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