AEIR 2017

Higher construction and investment pushed growth in FY2016 (ended June 2016) to 6.4% and the economy is expected to continue to grow in FY2017 and FY2018 at 6.9% and 8.0%, respectively. The construction of three major hydropower projects boosts demand for construction goods. Consumption expanded in FY2016 by 5.6% compared to 1.6% a year earlier, driven by higher household income, falling prices and increase in government consumption. Rapid population growth and demand for housing in urban areas will be a policy challenge for the government.

Source: Asian Development Outlook 2017 Update, ADB.
Latest Month-Ago Year-Ago
Headline Inflation Rate 1 2.9 (Mar18)5.1 0.0
1 y-o-y, %.
Source: CEIC database.