AEIR 2021

GDP growth increased to an estimated 4.4% in FY2019 from 3.8% in FY2018 due to a rebalancing from fixed investments toward consumption. However, declines in industry and government investment limited the expansion. Both construction and hydropower contracted by 5.4% and 5.0%, respectively. These declines were offset by robust growth in services (10.4%), tourism (25.0%), and agriculture (3.8%). On the demand side, investment declined by 2.6% on decreased capital expenditures. Growth is expected to rise to 5.2% in FY2020 on increased hydropower capacity, assumed normal water flow, and an anticipated sharp increase in government expenditure to combat COVID-19.
Source: Asian Development Outlook 2020, ADB
Latest Month-Ago Year-Ago
Headline Inflation Rate 1 4.4 (Jun20)2.9
Merchandise Export Growth 1 -47.9 (Nov20)-47.9 -17.7
Exchange Rate Index 2 164.1 (Feb21)164.1 164.8
1 y-o-y, %.
2 Monthly average, January 2006 = 100, $/local currency.
Source: CEIC database.

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