AEIR 2018

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 (Sep19)4.9 2.7
Industrial/ Manufacturing Production Growth Rate 1 -3.6 (Jun19)9.3 0.0
Merchandise Export Growth 1 12.3 (Aug19)12.3 17.5
Exchange Rate Index 2 164.8 (Sep19)162.5 145.0
1 y-o-y, %.
2 Monthly average, January 2006 = 100, $/local currency.
Source: CEIC database.

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