AEIR 2019/2020

GDP grew marginally to 7.5% in 2019 from 7.3% in 2018 on higher remittances and increased public investment. On the demand side, increased consumer demand boosted growth as fixed capital investment and net exports fell. On the supply side, industry expanded by 13.6% with gains from mining, manufacturing, and electricity generation; agricultural growth accelerated from 4.0% to 7.1%; and services increased from 2.1% to 2.9%. Inflation, however, surged from 5.4% to 8.0% due to unresolved banking problems. With the COVID-19 outbreak, growth is forecast slow to 5.5% in 2020, receding further to 5.0% in 2021 as investments and remittances are expected to slow.

Source: Asian Development Outlook 2020, ADB
Integration Index

0.36

Free Trade Agreements

66

Crossborder & Infra Initiatives

11

Money & Finance Initiatives

5

Regional Public Goods Initiatives

14


Total Trade, in million US$
Inward FDI flows (BOP) in million US$
Outward Portfolio Equity Investment
Outward Portfolio Debt Investment
Ratio of Migrants to Population
Outbound Tourism
Latest Month-Ago Year-Ago
Headline Inflation Rate 1 9.2 (Mar20)7.8 7.8
Industrial/ Manufacturing Production Growth Rate 1 11.8 (May18)13.4 20.7
Merchandise Export Growth 1 29.8 (Feb20)29.8 -47.3
Exchange Rate Index 2 320.4 (May20)319.5 294.6
1 y-o-y, %.
2 Monthly average, January 2006 = 100, $/local currency.
Source: CEIC database.

Initiatives / FTAs

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