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This dataset provides values for GDP ANNUAL GROWTH RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.
Macao's real gross domestic product (GDP) experienced the highest growth rate of about ***** percent among East Asian countries in 2024. However, it was projected to plummet to about **** percent in 2026. In comparison, Mongolia recorded the second-highest real GDP growth rate in East Asia at around **** percent in 2024, followed by China at about **** percent.
The gross domestic product (GDP) growth rate of all major economies included except China was negative in 2020 following the COVID-19 pandemic. Growth rates were positive again in 2021, but stagnated in some countries in 2023 amid high inflation rates. What does GDP measure? GDP is the sum of all consumption, investment, government spending, and net exports in an economy. As such, different things drive the growth of each of these countries. Germany benefits from a high value of net exports, also known as its trade balance. Drawbacks of GDP growth as a metric GDP measures growth, but it does not capture welfare gains correctly in many cases. For example, carbon dioxide emissions often go hand in hand with a growing GDP. These emissions are from industry, such as coal power plants, or consumption, such as driving cars, but GDP does not measure the damage from these activities. Also, national debt is not incorporated into GDP.
In 2023, the estimated total GDP of all ASEAN states amounted to approximately 3.8 trillion U.S. dollars, a significant increase from the previous years. In fact, the GDP of the ASEAN region has been skyrocketing for a few years now, reflecting the region’s thriving economy. Power in the EastThe Association of Southeast Asian Nations (ASEAN) comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. It was established in 1967 among five of these countries (Indonesia, Malaysia, Thailand, Singapore, and the Philippines) to facilitate trade and economic growth, as well as promote cultural development and social structures in the region. To date, they have been joined by another five nations. The ASEAN marketThe founding of the ASEAN organization provides the collaborating nations with more autonomy and influence on the global economy than they would have had by themselves. Additionally, struggling participating countries, such as Laos, are given an opportunity to grow on an ASEAN single market.
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This research journal is intended to find out how the influence of Government Performance and Institutional Quality has an effect on Economic Growth in the ASEAN Region. With the government's performance and the quality of institutions, it is expected to encourage economic growth in ASEAN countries. The indicators to measure governance are governance indicators issued by the World Bank including Control Corruption, Political Stability and Absence of Violence/Terrorism, Rule of Law, Government Effectiveness, and Regulatory Quality. This study uses panel data regression with the selected model is fixed effect.
In 2019, all ASEAN 6 nations had a total gross domestic product (GDP) that amounted to approximately 3.17 trillion U.S. dollars. This was a significant increase from 2010, in which the ASEAN 6 nations had a combined GDP of approximately 1.75 trillion U.S. dollars.
The real gross domestic product (GDP) growth of Samoa was around **** percent in 2024, which was the highest growth rate across all countries and territories in the Asia-Pacific region in that year. In comparison, China's real GDP was reported to grow at about five percent in 2024 and projected to grow by **** percent by 2030.
In 2019, all ASEAN nations had a total gross domestic product which amounted to approximately 3.17 trillion U.S. dollars. This was a significant increase from 2010, in which the gross domestic product of the ASEAN region amounted to just over 1.9 trillion U.S. dollars.
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The average for 2023 based on 10 countries was 0.36 percent. The highest value was in Indonesia: 1.31 percent and the lowest value was in Brunei: 0.01 percent. The indicator is available from 1980 to 2023. Below is a chart for all countries where data are available.
In 2020, the forecasted economic growth in Thailand amounted to minus 6.7 percent, this was then forecasted to increase over the following year. The economic growth throughout Southeast Asian countries was either forecasted to decrease or increase by less than two percent in 2020. The stunted economic growth can be attributed to the outbreak of the coronavirus, which caused the economic shutdown of many Southeast Asian markets.
In 2020, Brunei was the only ASEAN member state where the industry sector contributed the biggest share to the national GDP. In Singapore, the services sector contributed over 74 percent to the national GDP that year, the biggest share among ASEAN countries.
In the new global economy, Blue Economy has become a central issue, including for Southeast Asian Countries regarding its potentials as key drivers of economic growth and innovation. ASEAN member countries has declared to commit on taking the lead on the regional cooperation in relation to the Blue Economy through ASEAN Leaders’ Declaration on the Blue Economy, last 26 October 2021, in Brunei Darussalam. Besides the economic opportunities, Blue Economy has responsibilities to carry out due to the need to ensure ocean sustainability and rules-based ocean governance. Previous studies on the topic in general, have reported some issues such as (1) Blue Economy complexity and diversity on stakeholders’ and policymakers’ perspectives and perceptions, (2) contested narratives between the economic growth and development vis-à-vis ocean resources environmental protection, and (3) the urge to strengthen regional centrality and unity in term of commitments on achieving the goals. This study aims to identify ASEAN member countries capacities and capabilities regarding the Blue Economy implementations. We developed ASEAN Blue Economy Dataset using numbers of official and reputable macro-economic and political-security data which are related to established and emerging sectors of Blue Economy. By using the data and indices generated from the dataset, we measured ASEAN ‘Blue Economic Posture’ to quantify and portray ASEAN’s trajectory to actualize sustainable ocean economy in term of capacity building and potential cooperation initiatives.
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<ul style='margin-top:20px;'>
<li>East Asia & Pacific GDP per capita for 2022 was <strong>$12,890</strong>, a <strong>1.73% decline</strong> from 2021.</li>
<li>East Asia & Pacific GDP per capita for 2021 was <strong>$13,117</strong>, a <strong>14.42% increase</strong> from 2020.</li>
<li>East Asia & Pacific GDP per capita for 2020 was <strong>$11,464</strong>, a <strong>0.05% increase</strong> from 2019.</li>
</ul>GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars.
Inflation rates in the Association of Southeast Asian Nations (ASEAN) ranged from 31 percent inflation in Laos to 0.37 percent inflation in Brunei Darussalam. While countries like Vietnam are likely benefitting from more stable inflation than earlier seen, only a few countries are in the 2 to 6 percent range that many economists view as optimal for emerging economies. Effects of high inflation High inflation is generally detrimental to the economy. Prices tend to rise faster than wages, meaning that people and firms have less purchasing power. This in turn leads to slower growth in the gross domestic product (GDP). It also leads to a weaker currency. For countries with a positive trade balance this can be beneficial, because exports are relatively cheaper to foreign buyers. Through the same mechanism, net importers suffer from a weaker currency. Additionally, inflation makes a country’s national debt less expensive if the debt is denominated in the local currency. However, most of this debt is in U.S. dollars, so inflation makes the debt more difficult to service and repay. Risks of deflation With deflation, consumers and firms delay investments because they expect prices to be lower in the future. This slows consumption and investment, two major components of GDP growth. The most common example of this is Japan, where the GDP growth rate has been low for a long time due, in large part, to deflation. For this reason, countries like Brunei would rather see low and stable inflation than slight deflation.
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The average for 2023 based on 10 countries was 10.74 percent. The highest value was in Burma (Myanmar): 22.72 percent and the lowest value was in Singapore: 0.03 percent. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.
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The Gross Domestic Product (GDP) in Malaysia expanded 4.40 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides - Malaysia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
In 2024, China's gross domestic product amounted to approximately ***** trillion U.S. dollars, which was the highest GDP across the Asia-Pacific region. Japan followed with a GDP of around **** trillion dollars. China, Asia-Pacific's titan The significance of the Asia-Pacific region to the world is multifaceted, ranging from geopolitical importance to being home to more than half of the world's population. Characterized by emerging countries and dynamic economic activities, the region plays a key role in the global economy. China, the most populous country after India, and the second largest economy on the planet, accounted for about half of the total gross domestic product (GDP) in APAC as of 2023. The GDP growth in China was characterized by high rates for decades. Following the COVID-19 pandemic, the country has struggled to catch up with the previous level of growth rates and was forecast to stay at more modest real GDP growth rates in the coming years. A new paradigm of development in the Asia-Pacific region Even though the Asia-Pacific region has made significant economic improvements in the last decades, from a developmental perspective, tackling existing socio-economic issues will be critical for future growth. An aspect worth mentioning is the GDP per capita in the region. EU countries, for example, had about ***** times as much GDP per capita compared to East Asia and the Pacific region in 2022. China has been working towards changing its economic focus to high-tech and service sectors while reducing its concentration on agriculture.
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This dataset provides values for GDP PER CAPITA reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.
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The average for 2021 based on 35 countries was 3.9 percent. The highest value was in Kuwait: 7.76 percent and the lowest value was in Indonesia: 1.03 percent. The indicator is available from 1970 to 2023. Below is a chart for all countries where data are available.
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Panama Exports: FOB: Asia: Association of Southeast Asian Nations (ASEAN) data was reported at 28,820.000 PAB th in 2016. This records a decrease from the previous number of 32,465.000 PAB th for 2015. Panama Exports: FOB: Asia: Association of Southeast Asian Nations (ASEAN) data is updated yearly, averaging 4,061.000 PAB th from Dec 1999 (Median) to 2016, with 18 observations. The data reached an all-time high of 45,333.000 PAB th in 2014 and a record low of 0.000 PAB th in 2001. Panama Exports: FOB: Asia: Association of Southeast Asian Nations (ASEAN) data remains active status in CEIC and is reported by National Institute of Statistics and Census. The data is categorized under Global Database’s Panama – Table PA.JA007: Exports: By Country.
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
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This dataset provides values for GDP ANNUAL GROWTH RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.