AEIR 2018

GDP grew by 7.3% in 2018, up from 7.1% in 2017. On the demand side, investment expanded by 7.8% as public infrastructure increased, largely offsetting a 40.2% decline of net exports. On the supply side, growth in industrial production decelerated to 21.3% due to a decline in aluminum production. Services, the key driver of growth, expanded by 2.1% on an increase in disposable income from higher remittances and government salaries. GDP growth is expected to moderate to 7.0% in 2019 and to 6.5% in 2020. Public infrastructure spending will slow following the completion of some projects in 2019. Remittances will continue to support GDP growth. Growth in production should remain robust, while exports should rise on improved relations with neighboring countries.

Source: Asian Development Outlook 2018 Update, ADB.
Latest Month-Ago Year-Ago
Headline Inflation Rate 1 7.8 (Mar19)6.4 2.6
Industrial/ Manufacturing Production Growth Rate 1 11.8 (May18)13.4 20.7
Merchandise Export Growth 1 -21.6 (Feb19)-21.6 57.2
Exchange Rate Index 2 294.6 (Apr19)294.6 276.3
1 y-o-y, %.
2 Monthly average, January 2006 = 100, $/local currency.
Source: CEIC database.

Initiatives / FTAs