AEIR 2017

The economy grew by 4.6% from 4.3% in 2016 as strong gains in industry (9.3%) offset slower growth in services (2.6%) and agriculture (2.2%). Inflation accelerated to 3.2%, and the current account deficit narrowed to 4.8% of GDP from 11.6% in 2016. The trade deficit reached $1.44 billion, while remittances recovered to $1.09 billion. Overall growth and inflation are projected to slow to 3.5% and 4.0%, respectively, in 2018, while current account deficit is expected to widen to 12% in 2018 and then narrow to 10% in 2019. The government is promoting economic diversification through digitalization.

Source: Asian Development Outlook 2018, ADB.
Latest Month-Ago Year-Ago
Broad Money Growth 1 11.0 (Feb16)11.0 12.1
Headline Inflation Rate 2 2.7 (Mar18)3.5 2.8
Industrial/ Manufacturing Production Growth Rate 2 -9.4 (Mar18)8.5 60.0
Merchandise Export Growth 2 -17.0 (Feb18)-17.0 25.6
1 %.
2 y-o-y, %.
Source: CEIC database.