AEIR 2019/2020

GDP growth moderated from 3.1% in 2017 to 2.6% in 2018 as export growth decelerated with softer external demand. Growth in exports to the People’s Republic of China and the US, its largest external markets, slowed to 8.8% and 7.5%, respectively, reducing total export growth to 5.9%. Growth was buoyed by domestic demand. Gross capital formation expanded by 6.1% in 2018, as public infrastructure investment accelerated and spurred private investment. Government consumption grew by 3.5% on election-related spending. On the supply side, growth in services rose marginally from 2.5% in 2017 to 2.6%, sustained by a 3.0% increase in tourist arrivals. Economic expansion is expected to moderate to 2.2% in 2019 and 2.0% in 2020, reflecting the impact of the global economic slowdown, trade tensions, and deteriorating business sentiment.
Source: Asian Development Outlook 2019, ADB.
Latest Month-Ago Year-Ago
Composite Stock Price Index 1 11.0 (Dec19)11.0 9.0
Broad Money Growth 2 4.2 (Nov19)4.2 4.2
Headline Inflation Rate 3 0.6 (Nov19)0.4 0.3
Industrial/ Manufacturing Production Growth Rate 3 2.2 (Nov19)-2.6 2.6
Merchandise Export Growth 3 4.0 (Dec19)4.0 3.3
Exchange Rate Index 4 94.5 (Dec19)95.1 96.1
1 Monthly average, local index.
2 %.
3 y-o-y, %.
4 Monthly average, January 2006 = 100, $/local currency.
Source: Bloomberg LP; CEIC database; Ministry of Economic Affairs; Ministry of Finance.

Initiatives / FTAs

News

Publications













Featured Publications

Demographic Change, Productivity, and the Role of Technology
Toward Optimal Provision of Regional Public Goods in Asia and the Pacific
The Era of Financial Interconnectedness: How Can Asia Strengthen Financial Resilience?