Asia Regional Integration Center
Tracking Asian Integration
The economy rebounded modestly in 2021, with GDP growing by 1.4% after declining by 4.6% in 2020. Growth in both services and mining helped cushion the decline in agriculture and other non-mining industries. Trade disruptions also weighed down economic growth, with the closure of the main trade portal with the People’s Republic of China in October 2021 and continued COVID-19 restrictions. Government consumption continued to grow, but private consumption slid by 6.6% due to low labor force participation and high inflation. Despite this, the economic outlook remains generally positive for the next 2 years, supported by continued growth in services, a possible recovery in agriculture, and continued influx of investment. GDP is forecast to grow by 2.3% in 2022 and by 5.6% in 2023.
Latest | Month-Ago | Year-Ago | |
---|---|---|---|
Composite Stock Price Index 1 | 36.0 (Apr23) | 38.0 | 37.0 |
Broad Money Growth 2 | 0.8 (Sep22) | 0.8 | -1.7 |
Headline Inflation Rate 3 | 15.7 (Jul22) | 16.1 | 7.4 |
Industrial/ Manufacturing Production Growth Rate 3 | -5.2 (Jun20) | -25.3 | -7.8 |
Merchandise Export Growth 3 | 105.3 (Mar23) | 105.3 | 82.0 |
Exchange Rate Index 4 | 285.6 (Apr23) | 287.4 | 247.9 |
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
-
Macro News
17 items
-
RCI News
128 items
-
Opinions & Editorials
0 items
Publications
-
Economic Reports
13 items
-
Papers
6 items
-
ADB Books
2 items
-
ADB Working Paper Series0 items
on Regional Economic
Integration -
Studies and Research
5 items