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 -0.1 (Oct21)-0.1 4.6
Headline Inflation Rate 2 2.2 (Sep21)1.9 1.6
Merchandise Export Growth 2 -6.2 (Sep21)-6.2 248.2
Exchange Rate Index 3 83.8 (Dec21)83.2 81.7
1 %.
2 y-o-y, %.
3 Monthly average, January 2006 = 100, $/local currency.
Source: CEIC database.

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