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 10.0 (Apr20)10.0 10.0
Broad Money Growth 2 4.5 (Mar20)4.5 3.3
Headline Inflation Rate 3 0.0 (Mar20)-0.2 0.6
Industrial/ Manufacturing Production Growth Rate 3 10.4 (Mar20)20.7 -9.5
Merchandise Export Growth 3 -0.7 (Mar20)24.9 -4.5
Exchange Rate Index 4 93.8 (Apr20)94.1 96.2
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.

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