Asia gdp ranking 2023. dollars and the lowest value was in Mauritius: 11416.

Asia gdp ranking 2023 56% decline from 2021. From 2018 onward, the NIMA exchange rate, rather than the official exchange rate, is now used to convert nominal rial GDP figures into US dollars. 72 percent and the lowest value was in Singapore: 0. It represents the total value at current prices of final goods and services produced within a country during a specified time period divided by the average population for the same one year. India ranks as the second-richest country in Asia, with an economy heavily centered on service industries (55. This marks the second edition of ASEAN Statistical Highlights, featuring an expanded set of figures compared Sep 18, 2024 · In 2023, Singapore had the highest GDP per capita across the Asia-Pacific region, an estimated 84. 7 billion, respectively, third and fourth. Note: Table list 217 economies, but rankings include only those with confirmed GDP estimates for at least one This is a list of gross domestic product (GDP) at purchasing power parity (PPP) for the latest year. 55 percent, marking the highest growth rate in Southeast Asia. , UK and Germany 2010-2026; The average for 2023 based on 183 countries was 26940 U. Four Asian economies are in the top ten richest economies globally, and fourteen economies are within the top 50 world GDP per capita rankings. The country’s economy is highly diversified, with a strong focus on finance, trade, and tourism. The GDP per capita of Taiwan in 2023 was €29,960 $32,404, €983 $206 less than in 2022, when it was €30,943 $32,610. Only one Oceanian economy, Australia, is in Apr 6, 2023 · For more Asian countries, go to the 5 Most Powerful Countries in Asia in 2023. GDP per capita is an evolution of this metric, and is obtained by dividing a country's GDP by its population. 12B, a 4. 83 trillion GDP, is the sixth-largest economy in the world. BẢNG XẾP HẠNG GDP 10 QUỐC GIA ĐÔNG NAM Á NĂM 2023 | SOUTHEAST ASIA COUNTRY GDP RANKING 2023Việt Nam chúng ta nằm trong khu vực Đông Nam Á. Nov 27, 2024 · Growth rate of value added in industry Philippines 2012-2023; Perceived and actual economic ranking of Australia in the world 2018; (GDP) in 2023 (in billion yuan) [Graph], National Bureau of Jul 12, 2023 · South Korea's economy is estimated to have come short of the global top ten to rank 13th last year. Aug 31, 2024 · Ulasan GDP negara-negara Asia Tenggara pada 2023, dari Indonesia hingga Brunei, dengan analisis mendalam. Canada is also quite far ahead in the international comparison and occupies the tenth place in this ranking. 3 trillion in 2023—more than the entire Canadian economy. Asia Tenggara adalah salah satu kawasan dengan pertumbuhan ekonomi tercepat di dunia. The largest Asian countries by GDP size all have reasonable Data Quality Ratings (Grades A-C), and data are likely to be believable, but all Pan region GDP data includes data of varying quality, so subscribers are advised to visit individual country areas here for a more detailed perspective. dollars. This period reflects significant transformations in global economic landscapes. It highlights the economic growth and changes in the region, showcasing how different Asian economies have evolved over this period. Qatar, leading the chart of the richest countries in Asia, has an economy that many nations envy. 8 percent in 2023, surpassing the national growth rate and demonstrating its potential for sustained economic development. Corrections to the April 2023 Database This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - GDP. Beyond inflation and energy, this section will also cover the global transition to a greener economy and changes to the predicted date when China will overtake the US as the largest economy, as well as a summary of the biggest movers over the 15-year forecast horizon of this year’s WELT rankings. (IMF), a global organization, states the world economy rankings in its Jan 3, 2023 · The ASEAN (the Association of Southeast Asian Nations) region was among the fastest growing regions of the world in 2022 – the Asian Development Bank (ADB) predicted that economic growth in Southeast Asia will equate to 5. 6% of GDP), industrial business (26. Rank Metropolitan area Country GDP (local currency) GDP (billion US$) Year 1: Istanbul metropolitan area Turkey ₺ 8,060. Data source is International Monetary Fund World Economic Outlook. [Online]. Book Title : ASEAN Statistical Highlights 2023 Introduction : The ASEAN Statistical Highlights (previously ASEAN Statistical Leaflet) provides quantitative information on Economy and Trade, Socio-Demography, Investment and Connectivity with comprehensive tables and various infographics. The highest value was in Burma (Myanmar): 22. [7] [8] Since China's transition to a socialist market economy through controlled privatisation and deregulation, [9] [10] the country has seen its ranking increase from ninth in 1978, to second in 2010; China's economic growth accelerated during this period and its share of global nominal GDP surged from 2% in 1980 to 18% in 2021. The first set of data on the left columns of the table includes estimates for the year 2023 made for each economy of the 196 economies (189 U. IMF data shows that the size of global GDP in 2023 is estimated to reach about US$104. Asia -PDB per kapita - Daftar Negara - Nilai saat ini, nilai sebelumnya, prakiraan The average for 2023 based on 58 countries was 43075. GDP, or Gross Domestic Product, is the total monetary value of all goods and services produced and sold within a country during a specific time period, typically one year. 400 2023 [13] 2: Tel Aviv metropolitan area Israel: ₪ 1,040. Oct 29, 2024 · As of 2024, Luxembourg would stay at the top of the GDP per capita ranking in nominal and PPP terms. dollars and the lowest value was in Yemen: 533. GDP per capita (current US$) - South Asia from The World Bank: Data. 9%; India is ranked 5th in world’s GDP rankings in 2023. However, we enter 2023 with a host of evolving economic pressures. 34 percent. The highest value was in Afghanistan: 34. The outlook for 2024 is for continued rapid economic growth, helped by expected gradual easing of monetary policy during 2024. Aug 12, 2024 · A deep dive into the 2023 GDP per capita rankings of Southeast Asia, highlighting the economic disparities and growth trajectories within the region. GDP Ranking: 9 Global Firepower Index Ranking: 13 Average Ranking: 11. China stays steady at second place with a projected $19. Timor-Leste is the smallest economy in Asia. World Economics has developed a database presenting GDP in Purchasing Power Parity terms with added estimates for the size of the informal economy and adjustments for out-of-date GDP base year data. South Asia gdp for 2021 was $4,079. The ranking highlights high-income countries at the top, often smaller nations with advanced economies. 51% decline from 2019. South Asia gdp for 2022 was $4,327. Its emphasis on healthcare, education, and income equality has allowed it to rank ninth on the Human Development Index and fourth among the world’s most competitive economies. 41 U. 646 billion 310. Mar 15, 2024 · GDP: $435. 9% this year, compared with a previous forecast of 4. 3 List 2023. GDP per capita is calculated by dividing a nation's total economic output by its population, offering an average measure of economic productivity and standard of living. member states and 7 areas of Aruba, Hong Kong, Kosovo, Macau, Palestine, Puerto Rico, and Taiwan) covered by the International Monetary Fund (IMF)'s International Financial Statistics (IFS) database The average for 2023 based on 42 countries was 16190. IMF. 800 2021 [16] 4: Riyadh Saudi Arabia: SAR 15 hours ago · Southeast Asia’s dynamic economies are constantly shifting, making the 2023 Gdp Forecast Asean Ranking a topic of much discussion. The new estimates are presented and discussed in Bolt and Van Zanden (2024), "Maddison style estimates of the evolution of the world economy: A new 2023 update", Journal of Economic Surveys, 1–41. Figures and forecasts are as of ADB's Asian Development Outlook (ADO) 2024, released The real economic growth rate is calculated used real GDP (at constant prices), adjusted for inflation. The main push in the regional economy came from healthy domestic demand Growing Global Divergences Sources: IMF, World Economic Outlook; and IMF staff estimates. This is a list of cities in the world by nominal gross domestic product (GDP). 4 trillion ; 2nd Japan - $4. The tax-to-GDP ratio measures a country’s tax revenue relative to the size of its economy. dollars and the lowest value was in Burma (Myanmar): 5364 U. Population: 35,939,806. Annual rate of growth in n (%) = [(GDP period n - GDP period (n-1) / GDP period (n-1)] x 100. 5 percent for 2022. 2023 Growth rate of per capita GDP for Caucasus and Central Asia changed from 3. The highest value was in Luxembourg: 128259. -- Macau 89,558: 2023 est. 8 trillion in 2023. The 2023 inflation forecast for South Asia is kept at 8. 3 billion, ranking fifth in Southeast Asia. The 21st century is frequently referred to as the Asian century. 86 U. Aug 15, 2024 · The 2023 GDP figures for China, Japan, South Korea, and Taiwan reveal not only their economic prowess but also their positions within the global economic hierarchy. 66B, a 0. Jul 6, 2024 · Qatar comes next, ranking second in Asia and fourth globally, with a GDP per capita of $142,834 in 2023 1. Jun 22, 2023 · In this visualization, we rank the world’s major economies by their tax-to-GDP ratios, as sourced from OECD Revenue Statistics 2023. GDP (current US$) - Europe & Central Asia from The World Bank: Data. Oct 13, 2023 · The Asia-Pacific region remains a key driver of global growth in 2023, despite facing headwinds from changing global demand from goods to services and tighter monetary policies. 7% in 2022. 48B, a 0. According to McKinsey, Asia could be responsible for GDP (purchasing power parity) compares the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. $100 billion. Beragam negara dengan berbagai tingkat pembangunan ekonomi berada di kawasan ini, menciptakan dinamika ekonomi yang menarik untuk diikuti. This page provides values for GDP reported in several countries part of Asia. Germany (3,17), Canada (9,19), Australia (14,12), the Netherlands (18,11), and Switzerland (20,2) are in the top twenty lists of GDP and GDP per capita. 2 China is the largest economy in Asia, followed by Japan, India, South Korea, and Indonesia. 3 U. worldbank. 1% of the world GDP. A view of the Vincom Center Landmark 81 in HCM City, Việt Nam. This chart presents the yearly ranking of countries based on their GDP per capita from 1980 to 2023. 88B, a 16. The first list includes 2024 data estimates n1 for members of the International Monetary Fund . 3 billion in 2023, ranking fifth in Southeast Asia, according to the latest figures released by the International Monetary Fund (IMF). Below is a chart for all countries where data are available. Let's take a closer look at these rankings and what they mean for each country. This is a 0. The Philippines economy rankings: GDP - 40, GDP growth 5-year average - 21, GPD per capita - 134, economic freedom index - 74, business freedom index - 112 This chart shows the global ranking of countries based on their GDP per capita in 2023. 67 trillion U. Aug 10, 2023 · Corrigendum, 10 August 2023: 2024 Growth rate of per capita GDP for Developing Asia changed from 4. All rights reserved. ) Another potential global danger posed by the economy of Asia is the growing The average for 2023 based on 42 countries was 30848 U. Inflation in Caucasus and West Asia is forecast to remain elevated at 10. It provides insight into the economic growth and income changes among these nations, allowing for comparisons of economic disparities and levels of development within the region. 3% y/y in the second quarter of 2023. Jan 24, 2024 · The largest city in the world today is New York, which generated GDP of $2. 3: 5 United Arab Emirates 88,221: 2023 est. A nation's GDP at purchasing power parity (PPP) exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the United States. Oct 24, 2024 · The real gross domestic product (GDP) growth of Macao was more than 80 percent in 2023, which was the highest growth rate across all countries and territories in the Asia-Pacific region in that year. Apr 4, 2024 · Tokyo has topped a new list of the world’s richest cities for 2024, with the New York metropolitan area and Greater Los Angeles claiming the second and third spots. 6 percent in 2023, up from 3. With a combined population of over 660 million and a collective GDP of almost US$3. 43% increase from 2022. dollars in 2022 to rank 13th in the world, down three notches from the previous year. South Asia gdp for 2023 was $4,475. 8% increase from 2020. 5% of GDP (2023 est. The United Nations uses three definitions for what constitutes a city, as not all cities may be classified using the same criteria. 4 See also. In PPP data, one economy in Oceania would have a GDP above Int. 2023-12: USD: Qatar nilai sebelumnya, prakiraan, statistik dan grafik. 4 percent in the third quarter was its third-highest attained in the past five years, while Singapore saw its strongest quarterly GDP growth since 2022 at 5. This page in: 1960 - 2023 GDP growth GDP per capita, Purchasing Power Parity, 2023: The average for 2023 based on 11 countries was 29563 U. dollars and the lowest value was in Mauritius: 11416. S. 2 trillion in 2019, ASEAN ranks as the third largest regional economy in Asia and the fifth largest economy in the world, after the US, China, Japan and Germany. 7 trillion U. This page in: 1960 - 2023 GDP growth (annual %) This is a list of gross domestic product (GDP) at purchasing power parity (PPP) for the latest year. dollars, which was the highest GDP across the Asia-Pacific region. 2: 4 Qatar 81,968: 2023 est. 2. 57B, a 3. 3%. 3 days ago · In 2022, the estimated total GDP of all ASEAN states amounted to approximately 3. The value that results from this calculation is the Apr 6, 2023 · Thailand also has a strong military, with 488 aircraft, including 73 fighters, 587 tanks and 62 naval vessels, as of 2023. In 2024, growth for ASEAN+3 is forecast to be sustained at 4. If considered as a single entity, ASEAN is the third largest economy in Asia and the fifth largest in the world, after the US, China, Japan and Germany. 2% from 5. Sep 20, 2024 · Gross domestic product (GDP) growth in the Asia-Pacific region from 2019 to 2021 with forecasts to 2023, by country or territory [Graph], UNESCAP, April 12, 2022. 800 billion 202. The GDP figure in 2023 was €698,676 $755,674 million, Taiwan is number 22 in the ranking of GDP of the 196 countries that we publish. 8% GDP growth in 2023 for Asia-Pacific excluding China, after 4. These 300 cities, including Paris, Seoul, Chicago, Shanghai, and Singapore, play a significant role in shaping the global economic narrative, especially in technology and finance. 3% in 2023 and slightly higher at 2. GDP per capita (current US$) - Europe & Central Asia from The World Bank: Data Nov 29, 2024 · ASEAN’s GDP grew at an average annual rate of 4. 68 billion; Worldwide rank: 34 th; Full-year economic growth rate: 5. The 2024 growth projection is unchanged. In this guide, we explore the top 50 richest countries based on GDP rankings for 2024, uncovering their economic strengths and opportunities for investment migration. Inflation becomes the dominant story Macao has taken fifth place in a 2023 ranking of the wealthiest countries and territories around the world. The highest value was in Singapore: 65422. The highest value was in Luxembourg: 132847 U. Gross domestic product is the most commonly used single measure of a country's overall economic activity. The data showcases shifts in economic power, emerging economies, and the impact of global events on economic status. International Monetary Fund. 000 billion 340. Oct 24, 2024 · In 2023, the real gross domestic product (GDP) in the Philippines grew by approximately 5. Đây là khu vực gồm © 2021 International Monetary Fund. GDP (current US$) - East Asia & Pacific from The World Bank: Data. This is a sorted list of Asian countries according to their rank, with their factual and estimated gross domestic product data by the International Monetary Fund. 3%), and agriculture (18. The outlook for next year is maintained at 4. 22 U. Such fluctuations change a country's ranking from one year to the next, even though they often make little Mar 14, 2024 · According to the latest data from the International Monetary Fund, Việt Nam's GDP scale in 2023 is estimated to reach about US$433. Ecuador’s fiscal sector projections, which were previously omitted due to ongoing program discussions, are now included. Changes to the October 2023 Database. The indicator is available from 1970 to 2023. This article dives deep into the projected economic performance of ASEAN nations, analyzing the factors driving growth and the challenges that lie ahead. For the rest of the region, we have left it broadly unchanged because of domestic resilience. It highlights the economic growth and changes in wealth distribution across nations. The indicator is available from 1990 to 2023. dollars and the lowest value was in Burma (Myanmar): 1187. According to the list, which was published by Global Finance magazine, the SAR has a gross domestic product (GDP) per capita of US$89,558 (722,067 patacas) based on purchasing power parity. This page in: 1961 - 2023 GDP Mar 12, 2024 · VGP - Viet Nam’s gross domestic product (GDP) size was estimated at US$433. Out of 53 economies, the nominal GDP of 44 economies would increase, and nine economies would decrease in 2024 compared to 2023. This chart displays the GDP per capita rankings of Southeast Asian countries from 1980 to 2024. This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - GDP Annual Growth Rate. 4% to 4. 22 percent. [1] ^ "World Economic Outlook Database, October 2023 Edition". 0% to . Analysts at Credit Suisse anticipate that the growth of the ASEAN-6 economies (Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam) would decelerate to 4. Apr 26, 2024 · The 2023 version of this database covers 169 countries and the period up to 2022. 9%. 0% between 2014 and 2023. The average for 2023 based on 10 countries was 31604 U. This page in: 1960 - 2023 GDP per Gross domestic product (GDP) is a measurement that describes the value of a geographic location’s total goods and services, and how it relates to the population of the region. 26 U. Dec 20, 2024 · Southeast Asia economies continued to deliver credible economic performance, although growth momentum was mixed across the region. With $22 billion, South Africa will be the top contributor, followed by Algeria ($20 bn) and Morocco ($13 bn). 4%. Macau, though not officially ranked, has a GDP per capita of $89,558 in 2023 1 . Qatar is the second richest Asian nation with a per capita GDP of $82,877, right after Singapore. Countries like Singapore and Brunei often rank at the top, while nations like Myanmar and Laos tend to be at the lower The United Kingdom, which has a $2. is expected to continue being the biggest economy in 2023 with a projected GDP of $26. 3 Notes. 72 trillion dollars, the USA is by far the world's largest economy in this ranking for 2023. Taiwan. 5%. Oct 29, 2024 · The United States (1,6) is present in both lists of the top ten GDP and GDP per capita rankings in nominal terms. South Asia gdp for 2020 was $3,493. List of countries in Asia-Pacific by GDP (nominal), International Monetary Fund (Estimates for October 2023). Kiribati will surpass Micronesia in 2024, resp. 37 U. 15 Richest Countries in Asia 2023 The average for 2023 based on 11 countries was 11. East Asia. The chart provides insights into the economic development, shifting economic powers, and comparative economic strengths of Asian nations. The increased cooperation with Central Asian nations, especially following the China-Central Asia Summit in May 2023, has unlocked significant growth opportunities for the region. Its population numbers about 677 million. The absolute value of GDP in Taiwan dropped €23,331 $5,233 million with respect to 2022. 5% share of the Asian economy. 57 U. India’s economy boasts diversity and swift growth, fuelled by key sectors such as information technology, services, agriculture, and manufacturing. Region: East Asia; Annual GDP Growth Rate: 4. 4% in 2023 from 5. Bahrain, the 10th richest Asian country Bahrain is the 10th richest country in Asia, with a per capita GDP of $29,103 (2023). 10. [1] The top 3 largest economies in Asia are China, Japan and India. While hydrocarbons play a significant role, Qatar doesn’t rest on its laurels. Luxembourg would remain in the top spot of the nominal ranking for the next few years, as it is ahead of 2nd-ranked occupier Switzerland by a huge margin of $29,224. East Asia & Pacific gdp for 2023 was $30,775. This page provides values for GDP Annual Growth Rate reported in several countries part of Asia. You can skip our detailed analysis of growing Asian economic power and head directly to the 5 Largest Economies in Asia. 75 U. 7% in September, according to the Asian Development Outlook (ADO) December 2023, released today. Since it was established in 1967, ASEAN has been on a journey of almost constant growth. Taiwan is one of the strongest economies in Asia, with a GDP size close to $1 trillion as of 2023. [1] All sovereign states with United Nations membership and territory in Asia or Oceania are included on the list apart from the transcontinental countries which are included in the lists for Europe (when they are current or suspended members of Jul 13, 2023 · This chart presents the GDP ranking of Asian countries from 1980 to 2023. In 2023, the global economy faced numerous challenges, from inflationary pressures to geopolitical tensions. Oct 10, 2024 · Key figures and rankings about companies and products Ratio of pension assets to GDP 2023, by country GDP growth forecast: Asia, U. The United States is the largest economy in Apr 5, 2024 · GDP (nominal): $1. Asia-Pacific GDP is over twice that of the Americas, 3 times that of Europe and 8 times Africa. Jul 13, 2024 · In 2023, Indonesia continues to hold its position as the largest economy in Southeast Asia, according to the latest GDP data released by the World Bank in July 2024. Japan followed with a GDP of around 4. It is used as a measure of economic growth. Asia Power Index 2024 Edition Nov 22, 2024 · Among subregions of Central and Eastern Europe (CEE) and Central Asia, the latter had the most significant increase in real gross domestic product (GDP) in 2023, at 5. It is followed by China in second place with a GDP of 17. 9% GDP growth in 2023, down from 3. The 19th With a GDP of 27. Australia ($61 bn) is the top contributor. 1% to 12. 7%. This page in: 1960 - 2023 GDP growth Nominal GDP IMF 2024 [1]; World rank Country GDP (US$ millions) GDP per capita (nominal) 1 16 Indonesia: 1,475,690 5,509 2 26 Thailand: 548,890 7,557 3 31 Singapore GDP (current US$) - South Asia from The World Bank: Data. 4 trillion GDP in 2023 The nominal GDP of all 14 economies would increase in 2024 compared to 2023. In terms of GDP purchasing power parity, the UK is in the ninth spot with a GDP (PPP) of The UK is ranked 23rd for GDP per capita which is $42,558. Data. 4 percent. Eritrea’s data and projections for 2020–28 are excluded from the database due to constraints in data reporting. Mar 12, 2024 · Xinjiang’s regional GDP also soared by 6. 5 trillion. 3 days ago · China . Out of 49 economies, GDP (PPP) of 44 economies would increase, and five economies would decrease in 2024 compared to 2023. India is the largest economy in the region (US$4. 06% increase from 2021. Asian rank World rank Country GDP per capita (Int$) Year 1: 1 Singapore 89,354: 2023 est. Figure 4. 29B, a 6. East Asia's 2023 GDP Rankings Revealed! 1st China - $19. The region is expected to grow by 4. Finally, Southeast Asia’s largest economy, and the world’s fourth-most populous country Indonesia, rounds out the top five with a GDP per capita of $5,270. 9 trillion for the year. The bloc’s combined GDP was about US$3. Note: Table list 217 economies, but rankings include only those with confirmed GDP estimates for at least one Nov 3, 2024 · Four Asian economies are in the list of the top ten largest economies globally, and 20 economies are within the top 50 world GDP (PPP) ranking. World's GDP is $100,562,000,000,000 ( nominal , 2022) Real GDP Growth Rates in Asia [2] Rank Country GDP growth rate (%) This page was last edited on 2 March 2023, at 10:47 (UTC). GDP rank: 1st (nominal; 2023) 1st (PPP; 2023) 93. 48 percent. 0% to 2. The average for 2023 based on 11 countries was 14329. The outlook for domestic demand in Asia is also challenging as interest-rate rises implemented in 2022 to curb inflation filter through local economies. [28] 2023 as well. The indicator is available from 1960 to 2023. 11 trillion) and makes up almost 80% of the South Asian economy; it is the world's 5th largest economy in nominal terms and the world's 3rd largest economy by purchasing power adjusted exchange rates (US$14. The average for 2023 based on 37 countries was 9. org/data-catalog/global-economic-prospects - Not available. Subregional GDP grew at a good pace in the first half of 2023, spurred by the lifting of COVID-19 restrictions in the People’s Republic of China. Aug 9, 2023 · Ranking Countries by Economic Size in 2023. 2022 Growth rate of per capita GDP for Armenia changed from 12. According to the Bank of Korea on Wednesday, the nominal gross domestic product(GDP) of Asia's fourth-largest economy was estimated at one-point-67 trillion U. May 8, 2024 · Two countries known for their large tourism sectors, Malaysia and Thailand rank third and fourth, at $13,310 and $7,810 respectively. Jun 21, 2023 · In this article, we look at the 20 largest economies in Asia. 52 percent and the lowest value was in Singapore: 0. Nevertheless, the growth projection in this update for aggregate GDP in 2023 is revised down slightly from ADO April 2023. Dec 25, 2024 · As global economies evolve, the rankings of the richest countries reflect shifts in economic power and development. Staff assess that the NIMA rate better reflects the transaction-value-weighted exchange rate in the economy over that period of time. This chart presents the GDP ranking of Asian countries from 1980 to 2023. We have nudged down our growth forecast for China to 5. GDP Data Quality Rankings GDP Per Capita Data Quality Rankings Association of Southeast Asian Nations (ASEAN) This group accounted for 7. 75B, a 1. Asia GDP 2023 Published by on . This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - GDP per capita. 1961 - 2023 Apr 19, 2023 · Growth in the ASEAN region is likely to remain firm at 4. 9% y/y in the third quarter of 2023, compared with GDP growth of 4. ASEAN+3: AMRO Growth Estimates and Forecasts, 2023-2024 (Percent year-on-year) GDP Rankings: 2024. Inflation and external deficits are receding The following lists summarise the GDP (nominal) of each continent by adding GDP (nominal) of each nation as per the seven-continent model, sorted by USD. GDP (millions of current Rank Country Population in million GDP Nominal millions of USD GDP Nominal In 2023, China's gross domestic product amounted to approximately 17. 6%; The Philippines ended 2023 with a robust GDP growth rate that surpassed that of major economies in Asia albeit experiencing heightened levels of inflation rates and external constraints, according to the Department of Finance of the Philippines. GDP (current US$) - South Asia from The World Bank: Data Aug 7, 2023 · By far, Singapore is the richest Asian country in 2023, followed by Qatar, a middle-east oil genie and Israel at second and third ranking. This page provides values for GDP per capita reported in several countries part of Asia. 79 trillion dollars. The US financial capital is in a league of its own on the global stage, but the rise of the Chinese economy has already seen Shanghai climb the global rankings. Feb 2, 2023 · The world economy is projected to see just 2. East Asia & Pacific gdp for 2022 was $30,663. The U. In 2023, Southeast Asia continues to showcase its economic diversity with nations at various stages of development, reflecting different levels of GDP per capita across the region. 4 List 2022. Gross domestic product 2023 (millions of Ranking Economy US dollars) 1 United States 27,720,709 2 China 17,794,783 East Asia & Pacific 30,780,177 Europe & Central Oct 27, 2024 · GDP (Nominal), GDP (PPP), GDP (Nominal) per capita, GDP (PPP) per capita, GDP Growth and rank in 2023. Retrieved 2023-10-25. 6% in 2022. The highest value was in Singapore: 84734. Jan 8, 2023 · It is important to note that forecasts differ, and this might rely in part on how organizations classify the region. 14 percent. Six economies of Asia would have GDP above $1 trillion, and 24 would have an economy of above $100 billion. 3 Scarring from 2020-22 Shocks: GDP (percent; deviation in 2023 from prepandemic projections) Mar 14, 2024 · Thailand ranked second in the region with GDP in 2023 forecast at US$512 billion, with Singapore and the Philippines, with GDP sizes of US$497 billion and US$435. dollars and the lowest value was in Burma (Myanmar): 1168. 61 U. 7 thousand U. 6 percent. East Asia & Pacific gdp for 2021 was $31,148. GDP growth (annual %) - East Asia & Pacific from The World Bank: Data. 000 2022 [14] [15] 3: Dubai-Sharjah-Ajman metropolitan area UAE: AED 744. The richest countries in the world Nov 30, 2023 · Growth in developing Asia remained strong in the first half of 2023 despite a weaker outlook for the global economy. 8%. [1] All sovereign states with United Nations membership and territory in Asia or Oceania are included on the list apart from the transcontinental countries which are included in the lists for Europe (when they are current or suspended members of the Council of Europe) or Africa in the case of Aug 15, 2024 · A detailed comparison of Taiwan's 2023 GDP with Southeast Asian countries, highlighting economic strengths and rankings. 8%; Share of global GDP, adjusted for PPP: 19. Jan 12, 2024 · Philippines economic growth remained strong in 2023, with GDP growth improving to a pace of 5. 9 percent in 2023 as resilient domestic demand will be partially offset by weaker global demand. $1 trillion, and two would have an economy above Int. 46% increase from 2019. The regional economy is expected to grow 4. dollars and the lowest value was in Afghanistan: 1992 U. 061 trillion[ (2023) Area: 2,149,690 km2. Check out the complete list of 15 richest countries in Asia 2023 ranked on the basis of their GDP per capita. org. We expect 3. Out of 49 economies, the GDP (PPP) per capita of 44 would increase, and five economies would decrease in 2024 compared to 2023. ( learn more ). Apr 21, 2023 · President Ferdinand Marcos Jr. The highest value was in Singapore: 34. GDP By Country Per Capita (Nominal): $2,610; Annual GDP Growth Rate: 5. It is a major producer of crops including rice, wheat, cotton, tea, sugarcane, and potatoes. This web page shows the rank and data of Asian countries by their gross domestic product (GDP) in 2024, according to the International Monetary Fund. 2023 Growth rate of per capita GDP for Armenia changed from 7. The average for 2023 based on 11 countries was 6. Free and open access to global development data. 27 trillion. 7% in September, according to the Asian Development Outlook December 2023. 24B, a 14. China, Japan and India are the top three economies in Asia, while Afghanistan, Timor-Leste and Bhutan are the smallest. 1%, and the 2024 projection revised up markedly to 6. 9 percent in 2022. 7% increase from 2020. 4 trillion Sep 25, 2024 · Gross domestic product (GDP) growth rates for ADB's developing member countries. GDP – estimated GDP at purchasing power parity, current prices. East Asia & Pacific gdp for 2020 was $27,156. 5 percent. Feb 19, 2024 · It also has the eleventh-largest foreign reserves in the world. These five together hold a huge 76. 2% projected for 2022. GDP projections: http://data. 05%; China has witnessed a notable upsurge in its economic progress, moving from the fourth rank Asia GDP: Asia accounts for 40. 69 U. Several years of strong export growth for the region will reverse, with the EU entering recession and the US economy forecast to slow sharply. 95 percent and the lowest value was in Brunei: -0. 1% of Global GDP in Jun 25, 2023 · The overall picture of Asia-Pacific economies has improved slightly in the past three months. N. 1% of GDP). The UK is expected to fall to the seventh-largest economy by 2023 with a GDP of $3. The vast oil and gas reserves have historically been the backbone of Qatar’s wealth. 03 percent. 8% in 2024. Mar 12, 2024 · Vietnam’s gross domestic product (GDP) size was estimated at US$433. 6% in 2023 and 7. This is more than the sum of the GDPs of 174 countries ranked from Indonesia (17th) to Tuvalu (191st). dollars and the lowest value was in Burundi: 829 U. 2% increase since the October 2022 Outlook thanks in part to China’s reopening, higher global demand, and slowing inflation projected across certain countries in the year ahead. 1% in 2024. GDP growth (annual %) - East Asia & Pacific (excluding high income) from The World Bank: Data. Qatar. 26 trillion). Dec 13, 2023 · The regional economy is expected to grow 4. Vietnam’s GDP growth of 7. 36% increase from 2022. The average for 2023 based on 11 countries was 11998. announced on Thursday, April 20, that the Philippines ranked first in Asia in the 2023 gross domestic product (GDP) forecast released by the International Monetary Fund (IMF). Jul 1, 2024 · GDP projections: http://data. This is a list of countries by nominal GDP per capita. Inflation forecasts for East Asia are sharply down to 1. The highest value was in Singapore: 127544 U. Is the ratio between real GDP and real GDP of period n-1, expressed in percentage. 46 U. Asia will face difficult economic conditions in 2023. It […] The Top 10 Richest Countries in Asia by GDP Per Capita 1. At the other end, Afghanistan has the lowest GDP per capita in Asia, at just $2,042 in 2023 1 . adcvjxmt becxetme sxeazw bhgnxz yavqaem ctiflvwg vemsc xbugi apvfg wgyh