AEIR 2018

GDP growth accelerated from 4.5% in 2017 to 5.1% in 2018 on faster expansion in industry, construction, and investment. Industrial growth, excluding construction, doubled from 5.2% in 2017 to 10.6%, driven by increases in manufacturing, mining and quarrying. Construction expanded by 9.9%, up from 6.0% in 2017, with gains in housing and production facilities. Expansion in gross fixed capital formation jumped from 7.1% in 2017 to 18.1%, largely on higher investment in manufacturing, housing, energy, and mining—fueled by a 36.6% surge in FDI and fixed capital lending. Growth is forecast to rise to 5.2% in 2019 and 5.5% in 2020 due to higher infrastructure spending, an improved investment climate, expected gains in exports, and a pickup in agriculture.

Source: Asian Development Outlook 2018 and Asian Development Outlook 2018 Update, ADB.
Latest Month-Ago Year-Ago
Headline Inflation Rate 1 13.8 (May19)13.9 19.1
Merchandise Export Growth 1 122.1 (Feb19)122.1 205.9
Exchange Rate Index 2 709.6 (Apr19)717.8 685.4
1 y-o-y, %.
2 Monthly average, January 2006 = 100, $/local currency.
Source: .

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