AEIR 2019/2020

Economic growth accelerated to 7.0% in FY2018, thanks to sustained growth in tourism. Retail trade, hotels and restaurants, and transport and communications also contributed, mostly due to tourism spillovers. Construction grew by 25% as projects for renewable energy, water supply and sanitation were implemented. However, fishing, finance, and health care saw a decline in output. Economic expansion should decelerate to 6.0% in FY2019 and 4.5% in FY2020 as limited tourist accommodation constrains growth, despite new infrastructure projects and improved internet connectivity.

Source: Asian Development Outlook 2019, ADB.
Latest Month-Ago Year-Ago
Headline Inflation Rate 1 0.2 (Sep15)2.7 0.0
Exchange Rate Index 2 87.4 (Apr20)87.9 97.6
1 y-o-y, %.
2 Monthly average, January 2006 = 100, $/local currency.
Source: .

Initiatives / FTAs