AEIR 2019/2020

GDP growth continued to expand by 4.8% in 2018 due to rising exports and tourism, despite slower expansion in infrastructure projects and worsening regional volatility. On the supply side, industrial growth slowed sharply from 6.4% in 2017 to 2.3%—as a 2.5% decline in construction spending offset 4.1% growth in manufacturing and 10.8% in mining. Growth in services accelerated from 5.1% in 2017 to 5.9% on strong gains of 4.5% in trade, 17.9% in finance, and 9.8% in real estate. Agriculture rebounded from a 3.8% contraction in 2017 to 0.4% growth as better weather increased crop production. Growth is forecast to rise to 5.0% in 2019 on higher infrastructure spending, slowing marginally to 4.9% in 2020 as investment growth weakens slightly. Net exports, consumption, and investment are all expected to support growth in 2019 and 2020.

Source: Asian Development Outlook 2019, ADB.
Latest Month-Ago Year-Ago
Headline Inflation Rate 1 6.4 (Feb20)6.4 2.3
Industrial/ Manufacturing Production Growth Rate 1 4.0 (Sep19)-0.4 0.0
Merchandise Export Growth 1 10.0 (Jan20)10.0 18.7
Exchange Rate Index 2 157.8 (Feb20)160.0 147.5
1 y-o-y, %.
2 Monthly average, January 2006 = 100, $/local currency.
Source: CEIC database.

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