List of Asian states by GDP growth

Last updated

This is a list of estimates of the real gross domestic product growth rate (not rebased GDP) in Asian states for the latest years recorded in the CIA World Factbook. All sovereign states with United Nations membership and territory in Asia are included on the list apart from those who are also members of the Council of Europe. In addition, the list includes the special administrative regions of China (Hong Kong and Macao) and Taiwan [1] . Dependent territories of non-Asian states are excluded.

Real gross domestic product is a macroeconomic measure of the value of economic output adjusted for price changes. This adjustment transforms the money-value measure, nominal GDP, into an index for quantity of total output. Although GDP is total output, it is primarily useful because it closely approximates the total spending: the sum of consumer spending, investment made by industry, excess of exports over imports, and government spending. Due to inflation, GDP increases and does not actually reflect the true growth in an economy. That is why the GDP must be divided by the inflation rate to get the growth of the real GDP. Different organizations use different types of 'Real GDP' measures, for example the United Nations UNCTAD uses 2005 Constant prices and exchange rates while the FRED uses 2009 constant prices and exchange rates, and recently the World Bank switched from 2005 to 2010 constant prices and exchange rates.

Economic growth increase in production and consumption in an economy

Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP.

Asia Earths largest and most populous continent, located primarily in the Eastern and Northern Hemispheres

Asia is Earth's largest and most populous continent, located primarily in the Eastern and Northern Hemispheres. It shares the continental landmass of Eurasia with the continent of Europe and the continental landmass of Afro-Eurasia with both Europe and Africa. Asia covers an area of 44,579,000 square kilometres (17,212,000 sq mi), about 30% of Earth's total land area and 8.7% of the Earth's total surface area. The continent, which has long been home to the majority of the human population, was the site of many of the first civilizations. Asia is notable for not only its overall large size and population, but also dense and large settlements, as well as vast barely populated regions. Its 4.5 billion people constitute roughly 60% of the world's population.

Contents

List

Real GDP Growth Rates in Asia [2]
RankCountryGDP growth
rate (%)
Year
1Flag of Macau.svg  Macau 9.12017 est.
3Flag of Nepal.svg    Nepal 7.92017 est.
2Flag of Bangladesh.svg  Bangladesh 8.132017 est.
3Flag of Bhutan.svg  Bhutan 7.42017 est.
5Flag of Tajikistan.svg  Tajikistan 7.12017 est.
6Flag of Cambodia.svg  Cambodia 6.92017 est.
6Flag of the People's Republic of China.svg  China 6.92017 est.
6Flag of Laos.svg  Laos 6.92017 est.
9Flag of Myanmar.svg  Myanmar 6.82017 est.
9Flag of Vietnam.svg  Vietnam 6.82017 est.
11Flag of India.svg  India 6.72017 est.
11Flag of the Philippines.svg  Philippines 6.72017 est.
13Flag of Turkmenistan.svg  Turkmenistan 6.52017 est.
14Flag of Malaysia.svg  Malaysia 5.92017 est.
15Flag of Pakistan.svg  Pakistan 5.42017 est.
16Flag of Uzbekistan.svg  Uzbekistan 5.32017 est.
17Flag of Indonesia.svg  Indonesia 5.12017 est.
17Flag of Mongolia.svg  Mongolia 5.12017 est.
19Flag of Maldives.svg  Maldives 4.82017 est.
20Flag of Kyrgyzstan.svg  Kyrgyzstan 4.62017 est.
21Flag of Kazakhstan.svg  Kazakhstan 4.02017 est.
22Flag of Thailand.svg  Thailand 3.92017 est.
23Flag of Bahrain.svg  Bahrain 3.82017 est.
23Flag of Hong Kong.svg  Hong Kong 3.82017 est.
25Flag of Iran.svg  Iran 3.72017 est.
26Flag of Singapore.svg  Singapore 3.62017 est.
27Flag of Israel.svg  Israel 3.32017 est.
27Flag of Sri Lanka.svg  Sri Lanka 3.32017 est.
29Flag of South Korea.svg  Korea, South 3.12017 est.
30Flag of the Republic of China.svg  Taiwan 2.92017 est.
31Flag of Afghanistan.svg  Afghanistan 2.72017 est.
32Flag of Jordan.svg  Jordan 2.02017 est.
33Flag of Brunei.svg  Brunei 1.32017 est.
33Flag of Japan.svg  Japan 1.72017 est.
35Flag of Qatar.svg  Qatar 1.62017 est.
36Flag of Lebanon.svg  Lebanon 1.52017 est.
37Flag of the United Arab Emirates.svg  United Arab Emirates 0.82017 est.
38Flag of Oman.svg  Oman -0.92017 est.
38Flag of Saudi Arabia.svg  Saudi Arabia -0.92017 est.
40Flag of North Korea.svg  Korea, North -1.12015 est.
41Flag of Iraq.svg  Iraq -2.12017 est.
42Flag of Kuwait.svg  Kuwait -3.32017 est.
43Flag of East Timor.svg  Timor-Leste -4.62017 est.
44Flag of Yemen.svg  Yemen -5.92016 est.
45Flag of Syria.svg  Syria -36.52014 est.

Regions

Middle East
RankCountryGDP growth
rate (%)
1Flag of Bahrain.svg  Bahrain 3.8
2Flag of Iran.svg  Iran 3.7
3Flag of Israel.svg  Israel 3.3
4Flag of Jordan.svg  Jordan 2.0
5Flag of Qatar.svg  Qatar 1.6
6Flag of Lebanon.svg  Lebanon 1.5
7Flag of the United Arab Emirates.svg  United Arab Emirates 0.8
8Flag of Oman.svg  Oman -0.9
9Flag of Saudi Arabia.svg  Saudi Arabia -0.9
10Flag of Iraq.svg  Iraq -2.1
11Flag of Kuwait.svg  Kuwait -3.3
12Flag of Yemen.svg  Yemen -5.9
13Flag of Palestine.svg  Palestine -21.59
14Flag of Syria.svg  Syria -36.5
South Asia
RankCountryGDP growth
rate (%)
1Flag of Nepal.svg    Nepal 7.9
2Flag of Bangladesh.svg  Bangladesh 7.4
3Flag of Bhutan.svg  Bhutan 7.4
4Flag of India.svg  India 6.7
5Flag of Pakistan.svg  Pakistan 5.4
6Flag of Maldives.svg  Maldives 4.8
7Flag of Sri Lanka.svg  Sri Lanka 3.3
8Flag of Afghanistan.svg  Afghanistan 2.7
Southeast Asia
RankCountryGDP growth
rate (%)
1Flag of Cambodia.svg  Cambodia 6.9
1Flag of Laos.svg  Laos 6.9
3Flag of Myanmar.svg  Myanmar 6.8
3Flag of Vietnam.svg  Vietnam 6.8
5Flag of the Philippines.svg  Philippines 6.7
6Flag of Malaysia.svg  Malaysia 5.9
7Flag of Indonesia.svg  Indonesia 5.1
8Flag of Thailand.svg  Thailand 3.9
9Flag of Singapore.svg  Singapore 3.6
10Flag of Brunei.svg  Brunei 1.3
11Flag of East Timor.svg  Timor-Leste -4.6

See also

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References

  1. The recognition of Taiwan is disputed; most UN-member states officially recognise the sovereignty of the People's Republic of China over Taiwan, however, many maintain non-diplomatic relations with the Republic of China. See Foreign relations of Taiwan.
  2. ""Country Comparison : GDP - Real Growth Rate", CIA World Factbook, accessed 28 November 2018". Cia.gov. Retrieved 2018-11-28.