AEIR 2019/2020

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 2019, ADB.
Latest Month-Ago Year-Ago
Headline Inflation Rate 1 2.7 (Nov19)2.8 1.3
Industrial/ Manufacturing Production Growth Rate 1 -3.5 (Oct19)-8.0 -4.7
Merchandise Export Growth 1 -23.9 (Nov19)-23.9 15.3
Exchange Rate Index 2 184.3 (Dec19)184.3 184.3
1 y-o-y, %.
2 Monthly average, January 2006 = 100, $/local currency.
Source: CEIC database.

Initiatives / FTAs

News