Southeast Asia: Economy | Asian Development Bank

Southeast Asia: Economy

Growth in the subregion is now forecast at 5.0% in 2017 and 5.1% in 2018, both projections slightly higher than in ADO 2017. Higher growth will be accompanied by slightly lower inflation both this year and next because international petroleum prices are rising at a slower pace than was foreseen in April. Meanwhile the subregion’s current account surplus will shrink more than earlier envisaged. Read more from Asian Development Outlook 2017 Update.


Economic forecasts for Southeast Asian countries

Country 2017f 2018f
Brunei Darussalam 0.0 1.0
Cambodia 7.1 7.1
Indonesia 5.1 5.3
Lao People’s Democratic Republic 6.9 7.0
Malaysia 5.4 5.4
Myanmar 7.7 8.0
Philippines 6.5 6.7
Singapore 2.7 2.7
Thailand 3.5 3.6
Viet Nam 6.3 6.5
Average 5.0 5.1
Country 2017f 2018f
Brunei Darussalam –0.3 0.1
Cambodia 3.0 3.2
Indonesia 4.0 3.7
Lao People’s Democratic Republic 1.5 1.5
Malaysia 3.7 2.7
Myanmar 7.0 7.5
Philippines 3.2 3.5
Singapore 1.0 1.5
Thailand 0.7 1.5
Viet Nam 4.5 5.5
Average 3.1 3.1
Country 2017f 2018f
Brunei Darussalam 6.0 6.5
Cambodia –9.7 –9.3
Indonesia –1.7 –2.0
Lao People’s Democratic Republic –17.5 –19.0
Malaysia 2.4 2.4
Myanmar –8.0 –8.0
Philippines 0.2 0.5
Singapore 19.5 19.8
Thailand 8.5 6.5
Viet Nam 1.0 2.0
Average 3.0 2.8

f = forecast number.

Source: Asian Development Outlook 2017 Update