Asia Regional Integration Center
Tracking Asian Integration
Economic growth fell to 2.9% in 2020, down from the 7.0% growth in 2019, despite an effective COVID-19 response. Agriculture grew by 2.7% in 2020 from 2.0% in 2019, due to proactive export promotion . Industry and construction growth reached 4.0% in 2020, contributing 1.4 percentage points to growth, as effective COVID-19 controls led to a stable labor supply. Construction growth decreased to 6.8% in 2020 from 9.1% in 2019. Overall, services contribution to GDP growth dropped to 0.9 percentage points in 2020 from 2.8% in 2019. Consumption growth amounted to only 1.1% in 2020, with its contribution to GDP dropping to 0.8 percentage points. Net exports of goods and services added 0.3 points to growth, with 4.4% export growth above import growth of 3.9%. Inflation averaged 3.2% in 2020, slightly higher than 2.8% in 2019, despite an unexpected increase in pork prices in the first quarter of 2020 and severe floods in the third quarter.
Latest | Month-Ago | Year-Ago | |
---|---|---|---|
Composite Stock Price Index 1 | 1.0 (Apr22) | 1.0 | 1.0 |
Broad Money Growth 2 | 11.7 (Jan22) | 11.7 | 9.7 |
Headline Inflation Rate 3 | 2.6 (Apr22) | 2.4 | 2.7 |
Industrial/ Manufacturing Production Growth Rate 3 | 9.4 (Apr22) | 9.1 | 24.1 |
Merchandise Export Growth 3 | 25.0 (Apr22) | 25.0 | 17.0 |
Exchange Rate Index 4 | 144.0 (Apr22) | 143.6 | 144.9 |
1 Monthly average, local index. 2 %. 3 y-o-y, %. 4 Monthly average, January 2006 = 100, $/local currency. | |||
Source: Bloomberg LP; CEIC database; General Statistics Office. |
Initiatives / FTAs
News
-
Macro News
465 items
-
RCI News
1884 items
-
Opinions & Editorials
168 items
Publications
-
Economic Reports
28 items
-
Papers
62 items
-
ADB Books
2 items
-
ADB Working Paper Series1 items
on Regional Economic
Integration -
Studies and Research
14 items