GDP growth is expected to modestly pick up to 2.3% in 2013 and 3.3% in 2014, due to a slight recovery in manufacturing and consumer confidence. Moderating economic growth in the People’s Republic of China, its biggest trading partner, is the main downside risk for the export-driven economy. Given the government’s limited fiscal space, key challenges include deepening trade liberalization, diversifying export markets, and increasing domestic consumption.

Source: Asian Development Outlook 2016, ADB.
Latest Month-Ago Year-Ago
Composite Stock Price Index 1 9.0 (Feb17)9.0 8.0
Broad Money Growth 2 3.6 (Mar17)3.6 3.5
Headline Inflation Rate 3 0.1 (Apr17)0.2 1.9
Industrial/ Manufacturing Production Growth Rate 3 3.2 (Mar17)10.7 -2.3
Merchandise Export Growth 3 13.2 (Mar17)13.2 27.6
1 Monthly average, local index.
2 %.
3 y-o-y, %.
Source: Bloomberg LP; CEIC database; Ministry of Economic Affairs; Ministry of Finance.