AEIR 2017

Strong gains in services, consumption, and investment boosted growth to around 5.0% in 2017 from 2.8% in 2016. Coupled with higher excise taxes and import prices, this tripled inflation to 6.0%. Growth is projected to rise to 4.5% and 4.7% in the coming years on strong investment and exports, including a greater diversification in service exports. Inflation is projected to slow to 3.5% in 2018 as the impact of one-time increases in excise taxes wanes. Further slowing toward 3.0% in 2019 is expected as fiscal discipline promises to stabilize prices. The current account deficit narrowed due to export expansion but is forecast to widen to 9.5% of GDP in 2018 and dip to 8.5% in 2019.

Source: Asian Development Outlook 2018, ADB.
Latest Month-Ago Year-Ago
Headline Inflation Rate 1 2.8 (Jul18)2.2 6.0
Industrial/ Manufacturing Production Growth Rate 1 7.8 (Mar18)2.9 0.0
Merchandise Export Growth 1 31.1 (Jun18)31.1 50.2
1 y-o-y, %.
Source: CEIC database.