AEIR 2021

The economy contracted by 0.8% in fiscal year 2020 (FY2020, ending 30 June) from 1.0% growth in FY2019 due to pandemic-related disruptions in travel and shipping. Government expenditure rose by 22.3%, with funds used on health facilities and to support state-owned enterprises providing vital public services. The current account surplus fell to 4.6% of GDP (from 10.4%) as services exports suffered from the reduced operations of Nauru Airlines. GDP growth is expected to bounce back to 1.5% in FY2021 as infrastructure projects, notably the Nauru Port rehabilitation and upgrade, continue. Growth is forecast to moderate to 1.0% in FY2022 with the closure of an Australia-financed Regional Processing Centre.

Source: Asian Development Outlook 2021.
Latest Month-Ago Year-Ago
Merchandise Export Growth 1 258.5 (Feb21)258.5 495.0
Exchange Rate Index 2 103.4 (May21)102.6 86.8
1 y-o-y, %.
2 Monthly average, January 2006 = 100, $/local currency.
Source: .

Initiatives / FTAs

News

Publications













Featured Publications

Making Digital Platforms Work for Asia and the Pacific
Edited by: Bambang Susantono, Cyn-Young Park
Edited by: Bambang Susantono, Yasuyuki Sawada, Cyn-Young Park
Demographic Change, Productivity, and the Role of Technology
Toward Optimal Provision of Regional Public Goods in Asia and the Pacific