AEIR 2018

Growth declined to 3.5% in 2018 from 4.7% in 2017 as a slowdown in gold mining and industry outweighed gains in textiles and apparel. On the demand side, growth was supported by higher public investment in energy and transport infrastructure projects, and from higher public and private consumption, the latter reflecting a 5.5% rise in remittances. The smaller fiscal deficit and higher GDP trimmed external government debt to 48.0% of GDP by end-2018 from 53.1% in end-2017. The current account deficit widened to 10.0% from 6.5% of GDP in 2017. As the domestic economy improves, especially gold production, and with the continued increase in remittances, growth is expected to recover to 4.0% in 2019 and 4.4% in 2020.

Source: Asian Development Outlook 2019, ADB.
Latest Month-Ago Year-Ago
Broad Money Growth 1 11.0 (Feb16)11.0 12.1
Headline Inflation Rate 2 0.1 (May19)-0.5 1.4
Industrial/ Manufacturing Production Growth Rate 2 17.0 (May19)21.4 -10.7
Merchandise Export Growth 2 -9.3 (Apr19)-9.3 36.2
1 %.
2 y-o-y, %.
Source: CEIC database.

Initiatives / FTAs