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 10.0 (Jun17)9.0 8.0
Broad Money Growth 2 3.3 (Jul17)3.3 3.6
Headline Inflation Rate 3 1.0 (Aug17)0.8 0.6
Industrial/ Manufacturing Production Growth Rate 3 2.4 (Jul17)3.5 -0.2
Merchandise Export Growth 3 12.5 (Jul17)12.5 12.9
1 Monthly average, local index.
2 %.
3 y-o-y, %.
Source: Bloomberg LP; CEIC database; Ministry of Economic Affairs; Ministry of Finance.