AEIR 2019/2020

The economy recovered from a steep 3.7% contraction in FY2017 to 0.5% growth in FY2018 on increased public and private investments. Growth would have been stronger if a nascent rebound in tourism had not been cut short by the May termination of a US-connected flight from Tokyo and the indefinite suspension of Palau Pacific Airways charter flights from Hong Kong, China. Visitor arrivals grew by 6.6% in the first half of FY2018, but declined sharply in the second half. Growth in FY2019 and FY2020 is projected to accelerate to 3.0% with expectations of a recovery in tourism and further increases in capital expenditures, boosted by greater US financial assistance.

Source: Asian Development Outlook 2019, ADB.
Latest Month-Ago Year-Ago
Headline Inflation Rate 1 1.9 (Dec17)0.4 0.0
Merchandise Export Growth 1 -21.5 (Nov19)-21.5 11.9
Exchange Rate Index 2 100.0 (Feb20)100.0 100.0
1 y-o-y, %.
2 Monthly average, January 2006 = 100, $/local currency.
Source: .

Initiatives / FTAs