AEIR 2018

Economic growth accelerated to 1.4% in 2018 from 0.1% in 2017. On the supply side, industry contracted by 0.4%, improving considerably on the 3.6% decline in 2017. A recovery in mining and a 7.9% growth in manufacturing largely offset a steep drop in construction. Agriculture expanded on government support to farmers, particularly for crop production, which rose by 6.8%. Growth in services remained at 3.5% with gains in tourism and transportation. On the demand side, 9 month data show a 12.0% rise in consumption, while net exports tripled. Growth is forecast to strengthen to 2.5% in 2019 and 2.7% in 2020 as gas production accelerates.

Source: Asian Development Outlook 2018 and ADO 2018 Supplement (dated July 2018).
Latest Month-Ago Year-Ago
Headline Inflation Rate 1 3.3 (Apr19)2.7 2.2
Industrial/ Manufacturing Production Growth Rate 1 -9.3 (Apr19)3.1 -1.2
Merchandise Export Growth 1 16.4 (Mar19)16.4 59.7
Exchange Rate Index 2 184.4 (Apr19)184.4 183.9
1 y-o-y, %.
2 Monthly average, January 2006 = 100, $/local currency.
Source: CEIC database.

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