AEIR 2019/2020

Infrastructure spending and continued export gains boosted growth in 2019. Growth is estimated to have accelerated to 5.1% in 2019 from 4.8% in 2018. Inflation nearly doubled, to 4.9% from 2.6% in 2018 with currency depreciation. Prices rose sharply toward yearend. The current account deficit narrowed from the equivalent of 6.8% of GDP in 2018 to an historic low of 4.5% in 2019. It should fall further by 2021 with the continued decline in merchandise imports. Zero growth is projected for 2020 as monetary tightening and the impact of COVID-19 constrain consumption and limit expansion in tourism and trade. Growth should recover to 4.5% in 2021 as increased bank credit to households, higher foreign direct investment, and a rebound in worker remittances fuel domestic demand.

Source: Asian Development Outlook 2020, ADB
Integration Index

0.36

Free Trade Agreements

66

Crossborder & Infra Initiatives

11

Money & Finance Initiatives

5

Regional Public Goods Initiatives

14


Total Trade, in million US$
Inward FDI flows (BOP) in million US$
Outward Portfolio Equity Investment
Outward Portfolio Debt Investment
Ratio of Migrants to Population
Outbound Tourism
Latest Month-Ago Year-Ago
Headline Inflation Rate 1 6.9 (Apr20)6.1 4.1
Industrial/ Manufacturing Production Growth Rate 1 5.6 (Dec19)-1.0 0.0
Merchandise Export Growth 1 -27.9 (Apr20)-27.9 -22.1
Exchange Rate Index 2 177.9 (May20)176.6 153.0
1 y-o-y, %.
2 Monthly average, January 2006 = 100, $/local currency.
Source: CEIC database.

Initiatives / FTAs

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