AEIR 2021

GDP growth rose moderately in 2019, to 5.6% from 5.4% in 2018. Private consumption slowed slightly, growing by 5.7% from 5.9% in 2018. On the supply side, agriculture sector grew 2.5% in 2019 from 0.3% in 2018 on abundant water supply and price incentives for cotton and wheat. Growth in services eased to 5.1% in 2019 from 5.5% in 2018. Meanwhile, industrial growth fell to 6.6% in 2019 from 10.8% in 2018 as hydrocarbon production grew by only 1.0% in 2019, far lower than the 26.5% increase in 2018. The economy is forecast to grow 4.7% in 2020 given the impact of COVID-19 and lower demand and prices for natural gas and copper. Growth should rebound to 5.8% in 2021.

Source: Asian Development Outlook 2020, ADB
Latest Month-Ago Year-Ago
Headline Inflation Rate 1 11.5 (Jan21)11.1 14.0
Merchandise Export Growth 1 -63.7 (Sep20)-63.7 436.6
Exchange Rate Index 2 884.3 (Jan21)882.4 805.0
1 y-o-y, %.
2 Monthly average, January 2006 = 100, $/local currency.
Source: .

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