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 0.2 (Jan20)0.7 0.8
Industrial/ Manufacturing Production Growth Rate 1 13.4 (Jan20)6.4 -1.2
Merchandise Export Growth 1 20.4 (Jan20)20.4 13.3
Exchange Rate Index 2 106.0 (Feb20)106.0 108.1
1 y-o-y, %.
2 Monthly average, January 2006 = 100, $/local currency.
Source: CEIC database.

Initiatives / FTAs

News