Asia Regional Integration Center
Tracking Asian Integration
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. | |||
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