AEIR 2021

The COVID-19 pandemic slowed economic growth to 1.2% in 2020, after expanding by 3.9% in 2019. Declines in both government consumption and investment were offset by growth in net exports and in private consumption. On the supply side, rising production from a new oil refinery increased growth in the oil and gas sector. This cushioned a contraction in services and other industries. While the economy is projected to grow by 2.5% in 2021 and 3.0% in 2022, growth may be dependent on an external environment expecting a recovery in global demand and higher oil and gas prices.

Source: Asian Development Outlook 2021.
Latest Month-Ago Year-Ago
Broad Money Growth 1 3.6 (Mar21)3.6 2.7
Headline Inflation Rate 2 1.1 (Apr21)1.8 1.9
Merchandise Export Growth 2 -7.3 (Mar21)-7.3 -7.5
Exchange Rate Index 3 81.7 (Jun21)81.5 85.4
1 %.
2 y-o-y, %.
3 Monthly average, January 2006 = 100, $/local currency.
Source: CEIC database.

Initiatives / FTAs

News