AEIR 2017

The relatively tame global demand for oil weighed down on the country’s growth in 2017. Apart from this, the decline of oil production in the country has translated to a lower government revenue. While the country is expected to expand in 2018 after four years of contraction, GDP growth forecasts remain low at 1.0%.

Fluctuations in production and prices pose risks to the country’s growth.

Source: Asian Development Outlook 2017 Update, ADB.
Latest Month-Ago Year-Ago
Broad Money Growth 1 0.0 (Apr17)0.0 -3.5
Headline Inflation Rate 2 0.2 (Jan18)0.0 -0.2
Merchandise Export Growth 2 80.0 (Jan18)80.0 103.0
Exchange Rate Index 3 80.9 (Apr18)80.8 85.7
1 %.
2 y-o-y, %.
3 Monthly average, January 2006 = 100, $/local currency.
Source: CEIC database.