AEIR 2019/2020

GDP growth rose to 4.5% in 2019 from 4.1% in 2018 as higher consumption, investment, and services drove the expansion. Most supply side sectors, however, lost steam, with growth in agriculture slowing to 0.9% (from 3.8% in 2018) and industry slipping to 3.8% (from 4.4%). Services did well, growing by 4.4% (from 3.9% in 2018). On the demand side, consumption expanded markedly, jumping from 1.6% growth during the first 9 months of 2018 to 6.7% for the same period in 2019. In addition, investment grew by 8.9%.in 2019, up from 2.8% in 2018. Despite the strong performance, however, the 2020 forecast accounts for a hit from the plunge in oil prices and the impact of COVID-19. GDP growth is expected to drop to 1.8% in 2020 before recovering to 3.6% in 2021.

Source: Asian Development Outlook 2020, ADB
Latest Month-Ago Year-Ago
Composite Stock Price Index 1 2.0 (Dec20)2.0 2.0
Broad Money Growth 2 20.3 (Nov20)20.3 17.8
Headline Inflation Rate 3 7.3 (Nov20)7.1 5.4
Industrial/ Manufacturing Production Growth Rate 3 -2.9 (Nov20)-6.2 4.8
Merchandise Export Growth 3 -22.2 (Oct20)-22.2 -32.8
Exchange Rate Index 4 316.1 (Dec20)321.9 288.5
1 Monthly average, local index.
2 %.
3 y-o-y, %.
4 Monthly average, January 2006 = 100, $/local currency.
Source: Bloomberg LP; CEIC database.

Initiatives / FTAs

News