AEIR 2019/2020

Economic growth slowed from 3.6% in FY2017 to 2.5% in FY2018 as capacity constraints impeded infrastructure construction on investment projects funded by development partners and US compact grants. The current account surplus widened from 3.7% of GDP to 7.0% as imports slowed due to project implementation delays. Subdued economic activity kept inflation in check at 0.7% in FY2018. Growth is projected to continue slowing to 2.3% in FY2019 and 2.2% in FY2020 as local constraints limit the room for stimulus. The government plans to issue a cryptocurrency in mid-2019, posing a potentially significant downside risk to growth.

Source: Asian Development Outlook 2019, ADB.
Latest Month-Ago Year-Ago
Merchandise Export Growth 1 -29.0 (Sep19)-29.0 64.4
Exchange Rate Index 2 100.0 (Dec19)100.0 100.0
1 y-o-y, %.
2 Monthly average, January 2006 = 100, $/local currency.
Source: .

Initiatives / FTAs