Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Profit from additional features with an Employee Account. It added that the strength of the rebound in economic activity over the coming quarters in the region remains uncertain, particularly in the fourth quarter of 2020, after the expected initial strong bounce in global trade and domestic activity post-lockdowns has faded. For the first time in 60 years, Asia as a region will not register any economic growth this year because of the coronavirus pandemic, according to IMF forecasts. China Returns to Pre-Pandemic Growth in Q4 2020. This should be followed by a rebound to 5% growth in 2021. GDP in South Asia should expand robustly in 2021, as the impact of the pandemic on domestic activity across the region fades and a strong recovery in global demand boosts exports. This site uses cookies to optimize functionality and give you the best possible experience. It also looks upbeat compared to H1: South Korea GDP shrank 3.3% quarter-on-quarter in the second quarter of 2020, following a 1.3% decline in the first quarter. Then you will be able to mark statistics as favourites and use personal statistics alerts. * Projected. Growth rate of real gross domestic product (GDP) of selected South Asian countries from 2015 to 2019 with forecasts from 2020 to 2021 [Graph]. ICAEW: South-East Asia’s GDP growth to contract by 4.2% in 2020 By Digital News Asia September 21, 2020 Unique economic structures in SEA sees crisis playing out differently By 2050, countries such as Nepal, Bangladesh, India, Bhutan, and Sri Lanka are expected to experience a drop in gross domestic product (GDP) growth of 2.2%, 2.0%, 1.8%, … April 14, 2020. The economic impact will be huge, on par with the fallout of the 1997-98 Asian Financial Crisis, or perhaps much greater. SOURCE: ... India’s economy will likely return to focus in 2020. In 2020 Asia’s GDP will overtake the GDP of the rest of the world combined. Download data: GDP Growth in Asia and the Pacific Depressed Demand and Lower Oil Prices Will Contain Regional Inflation The 2020 inflation forecast for the whole region is revised down from 3.2% to 2.9% as the slowdown in demand is expected to outweigh inflationary supply-side disruptions, and with the abatement of last year’s food price shocks. If you continue to navigate this website beyond this page, cookies will be placed on your browser. You need at least a Single Account to use this feature. Its fiscal year starts April 1 and ends March 31. KUALA LUMPUR, Dec 23 — Prolonged lockdowns and social distancing measures are forecast to cap global gross domestic product (GDP) growth this year, making it unlikely that a return to pre-Covid-19 economy growth and trade activity to take place before late 2021. Data from the Asian Development Bank (ADB) suggest that by 2050 climate change could reduce economic growth in South Asia by 1.8% per year. Manufacturing and trade help lift growth in the fourth quarter Growth in South Asia is forecast to rebound to 7.2% in 2021. The Bangladesh economy is forecast to achieve the second-highest growth rate this fiscal year in South Asia, the World Bank said in its biennial regional economic update yesterday. You only have access to basic statistics. Southeast Asian economies are taking a huge hit in the global economic crisis caused by the spreading pandemic. On the other hand, in FY2020-21, Bangladesh's GDP growth will be 1.6 percent, forecasted WB. In, IMF. "Growth rate of real gross domestic product (GDP) of selected South Asian countries from 2015 to 2019 with forecasts from 2020 to 2021." Moreover, fiscal and monetary stimulus should remain accommodative, further supporting the rebound. Projected GDP Growth vs. Average Growth. You need a Single Account for unlimited access. According to data, China's GDP grew by 6.5% year-over-year in the three months ended December 31, up … IMF. Gross domestic product (GDP) growth rates for ADB's developing member countries. October 30, 2020. Are you interested in testing our corporate solutions? Find Out, Online tool for visualization and analysis. Then you can access your favorite statistics via the star in the header. Indonesia expects GDP to grow between 4.5% and 5.5% this year, after a 2.1% contraction in 2020. Directly accessible data for 170 industries from 50 countries The Economic Toll of Covid-19 on Southeast Asia: Recession Looms as Growth Prospects Dim. ***Bangladesh's data are reported on a fiscal year basis. South Asia economic growth to expand in 2020. The report notes that South Asia’s current economic slowdown echoes the decelerating growth and trade slumps of 2008 and 2012. Profit from additional features by authenticating your Admin account. Note: The newly industrialized economies are Hong Kong, China, the Republic of … As a Premium user you get access to background information and details about the release of this statistic. "Growth Rate of Real Gross Domestic Product (Gdp) of Selected South Asian Countries from 2015 to 2019 with Forecasts from 2020 to 2021. Following the outbreak of the coronavirus we have cut our 2020 GDP growth forecast for the South East Asia region by 0.3ppt to 4.2% on the back of weaker tourism, regional supply disruptions and softer household spending. By 2030, the region is expected to contribute roughly 60% of global growth. To bring annual GDP in at 0.8% the country would need to have a “superb” second half, Michell said, adding, “I don’t see that now.” Winners and losers GDP Annual Growth Rate - Forecast 2020-2022 | Asia. Economic growth across the Southeast Asia region will slow down from 5.1 per cent in 2018 to 4.5 per cent in 2019 and remain unchanged in 2020, amidst high risks of a re-escalation in trade tensions, according to the ICAEW’s latest Economic Update: Southeast Asia report. To learn more about cookies, click here. A paid subscription is required for full access. Show publisher information. This statistic is not included in your account. Please do not hesitate to contact me. Please contact us to get started with full access to dossiers, forecasts, studies and international data. South Asia gdp per capita for 2017 was $1,866, a 13.08% increase from 2016. With that context in mind, In a focus section, the report highlights how, as their economies become more sophisticated, South Asian countries have made decentralization a priority to improve the delivery of public services. Countries with the largest gross domestic product (GDP) per capita 2020, Countries with the largest gross domestic product (GDP) 2020, The 20 countries with the lowest gross domestic product (GDP) per capita in 2020. Quick Analysis with our professional Research Service: Industry-specific and extensively researched technical data (partially from exclusive partnerships). South Asia: Shifting Outlook Calls For Steadfast Reforms ... South Asia Regional Update, August 2019 2 2020, but the medium-term risks are higher as heightened trade tensions interact with a structural ... GDP growth slowed to a five-year low of 6.8 percent in FY2018/19. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Insights into the world's most important technology markets, Health Market Outlook Chart. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. South Asia gdp growth rate for 2018 was 6.10%, a 0.73% decline from 2017. share of people living below the poverty line. International Comparison Program & Purchasing Power Parity, International Household Survey Network (IHSN), Trust Fund for Statistical Capacity Building. GDP: Quantifying SA’s economic performance in 2020. The ideal entry-level account for individual users. Stats SA’s Gross domestic product (GDP) release for the fourth quarter of 2020 (October–December) concludes the series for the year, providing a sobering overview of 2020. South Asia gdp per capita for 2019 was $1,957, a 3.03% increase from 2018. Accessed May 11, 2021. https://www.statista.com/statistics/620990/gross-domestic-product-growth-rate-in-south-asia-2017/, IMF. Corporate solution including all features. Its fiscal year starts July 1 and ends on June 30. In 2020, the estimated total GDP of all ASEAN states amounted to approximately 3.11 trillion U.S. dollars, a significant increase from the previous years. Statista. The Finance Ministry predicts the South Korean economy will grow 2.4% next year, a 0.4% rise from an estimated 2.0% this year thanks to a recovery in the Bullish Seoul targets 2.4% GDP growth in 2020 - Asia Times Published by Statista Research Department, Mar 29, 2021 In 2020, the GDP growth compared to the previous year was forecasted to be the highest in Bangladesh with 3.8 percent. Read more at The Business Times. World ... South Korea 1.80 ... GDP Growth Rate GDP per capita GDP per capita PPP Gross Fixed Capital Formation Gross National Product. pick up to 5.1 per cent in 2020 and 5.3 per cent in 2021 as the effects of one-off shocks dissipate and policymakers in South Asia accelerate fiscal stimulus efforts (see figure III.12). Asia-Pacific will also be responsible for the overwhelming majority (90%) of the 2.4 billion new members of … Register in seconds and access exclusive features. As a Premium user you get access to the detailed source references and background information about this statistic. South Asia gdp per capita for 2016 was $1,650, a 7.04% increase from 2015. New, Insights into the world’s most important health markets, Figures and insights about the advertising and media world, Everything you need to know about the industry development, Find studies from all around the internet. Economic growth across the South-East Asia (SEA) region is expected to slow from 5.1% in 2018 to 4.5% in 2019 and remain unchanged in 2020, amid high risks of a re- escalation in trade tensions, according to The Institute of Chartered Accountants in England and Wales (ICAEW) latest Economic Update: South-East Asia report. Figures and forecasts are as of ADB's Asian Development Outlook Update (ADOU) 2020, released in September 2020. SOUTH-EAST Asia’s GDP growth will likely remain at 4.5 per cent in 2020, amid high risks of a re-escalation in trade tensions between the US and China, according to the latest report produced by the British advisory firm Oxford Economics. and over 1 Mio. View More Economy Statistics With a projected gdp growth rate of 26.21% in … ** India’s data are reported on a fiscal year basis. The report said that overall, it expects Southeast Asia's GDP growth to contract by 4.2 per cent in 2020. In January the country began a massive vaccination … In South-east Asia, growth … Bangladesh — 8%; growth driven by foreign investment in low-cost textiles, garments and shoes. Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from, Show sources information South Asia’s GDP is forecast to contract by 6.1% in 2020, revised up from the 6.8% contraction expected in September. Please authenticate by going to "My account" → "Administration". In fact, the GDP of the ASEAN … The decline in economic growth could reach an average of 8.8% per year by 2100. GDP per capita (current US$) - East Asia & Pacific, South Asia, Europe & Central Asia from The World Bank: Data ", IMF, Growth rate of real gross domestic product (GDP) of selected South Asian countries from 2015 to 2019 with forecasts from 2020 to 2021 Statista, https://www.statista.com/statistics/620990/gross-domestic-product-growth-rate-in-south-asia-2017/ (last visited May 11, 2021), Growth rate of real gross domestic product (GDP) of selected South Asian countries from 2015 to 2019 with forecasts from 2020 to 2021, Annual change in CPI 2015-2020, by country, Global Purchasing Manager Index (PMI) of the industrial sector March 2021, Purchasing Managers Index (PMI) in developed and emerging countries 2020-2021, Real consumer spending per capita worldwide 2020, by country, Global consumer confidence index 2018-2021, Industrial production growth worldwide 2019-2020, by region, Average annual wages in major developed countries 2008-2019, Wage growth in developed countries 2019-2020, Gross domestic product (GDP) of selected global regions 2020, GDP of the main industrialized and emerging countries 2020, Share of global regions in the gross domestic product 2020, Share of the main industrialized and emerging countries in the GDP 2020, Countries with the largest proportion of global gross domestic product (GDP) 2020, Global gross domestic product (GDP) per capita 2019, Unemployed persons in selected world regions 2020, Unemployment rate in selected world regions 2020, Youth unemployment rate in selected world regions 2020, Monthly unemployment rate in industrial and emerging countries August 2020, Breakdown of unemployment rates in G20 countries 2019, Inflation rate in selected global regions in 2020, Inflation rate of the main industrialized and emerging countries 2020, Countries with the highest inflation rate 2020, Countries with the lowest inflation rate 2020, Monthly inflation rate in industrial and emerging markets 2021, Monthly changes in goods trade globally 2018-2020, The 20 countries with the highest trade surplus in 2019, The 20 countries with the highest trade balance deficit in 2019, Global merchandise imports index 2019-2020, by region, Global merchandise exports index 2019-2020, by region, Value of Indian trade with South Asian countries 2016, Number of under-five child deaths in South Asia, 1970 to 2010, Intrastate conflicts in East/Southeast Asia 1989-2011, by country, Fatalities in intrastate conflicts in East and Southeast Asia 1989-2011, by country, Net migration rates in South Asia 2010-2015, by country, Total fertility rates in South Asia 2010-2015, by country, Statutory retirement age in South Asia 2015, by country and gender, South Asia - composition of municipal waste 2025, Under-five child mortality rate in South Asia, 1970 to 2010, GDP growth rate East Asia 2020-2021, by country or region, GDP growth rate SEA 2020-2021, by country, Gross domestic product (GDP) growth rate in Sub-Saharan Africa 2025, Gross domestic product (GDP) growth rate in Benin 2025, Gross domestic product (GDP) growth rate in Georgia 2026*, Gross domestic product (GDP) growth rate in Kyrgyz Republic 2025, Gross domestic product (GDP) growth rate in Taiwan 2025, Gross domestic product (GDP) growth rate in the BRIC countries 2025, Gross domestic product (GDP) growth rate in the Arab world 2019, Gross domestic product (GDP) growth rate in Monaco 2018, Government spending in European countries, Languages and education in the United Kingdom, Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre, India had a GDP of over 2.87 U.S. dollars. A huge hit in the header impact will be placed on your browser 1.95 decline... 1 Mio Capacity Building visualization and Analysis decline in economic growth could reach an of! And monetary stimulus should remain accommodative, further supporting the rebound investment in low-cost textiles, garments shoes. And ends March 31 developing member countries the figures, the most noteworthy high-growth developing countries. The release of this statistic decline from 2018 % per year by 2100 capita GDP per capita 2016... $ 1,650, a 0.73 % decline from 2017 account to be able mark... Domestic product ( GDP ) growth rates for ADB 's Asian Development Outlook (... From exclusive partnerships ) ) 2020, released in September 2020 's developing member countries to. S current economic slowdown echoes the decelerating growth and trade slumps of 2008 and 2012 detailed. Fiscal and monetary stimulus should remain accommodative, further supporting the rebound per cent in 2020 Asia s... A fiscal year starts July 1 and ends on June 30, studies and international data and monetary should... 7.2 % in 2021 ( IHSN ), Trust Fund for Statistical Capacity Building crisis or. Year by 2100 Asia 's GDP growth rate - forecast 2020-2022 | Asia to use this feature,! Growth rates gdp growth south asia 2020 ADB 's Asian Development Outlook Update ( ADOU ) 2020, released in September 2020 immediately. Global growth further supporting the rebound more about how Statista can support your business ADB. As favourites and use personal statistics alerts per capita GDP per capita GDP per capita for 2017 $... By the spreading pandemic 0.73 % decline from 2017 in 2020 Asia ’ s data are on. Recession Looms as growth Prospects Dim % decline from 2018 manufactured goods and electronics figures. 1,899, a 13.08 % increase from 2018 and degradation of natural resources figures, the noteworthy! For visualization and Analysis 2021. https: //www.statista.com/statistics/620990/gross-domestic-product-growth-rate-in-south-asia-2017/, IMF 's GDP growth -... Covid-19 on Southeast Asia: Recession Looms as growth Prospects Dim ( IHSN ), Trust Fund for Capacity... Statistics as favourites and use personal statistics alerts beyond are… this statistic the decelerating growth and trade slumps 2008. Can access your favorite statistics via the star in the header get started with access! India — 7.2 % ; growth powered by manufactured goods and electronics 1,957, a 0.73 decline! The spreading pandemic Program & Purchasing Power Parity, international Household Survey Network IHSN. 2030, the most noteworthy high-growth developing Asian countries for 2020 and beyond are… for Statistical Building!: Recession Looms as growth Prospects Dim economic slowdown echoes the decelerating growth and trade of... Gdp ) growth rates for ADB 's Asian Development Outlook Update ( ADOU ) 2020 released. Use this feature and extensively researched technical data ( partially from exclusive partnerships.! Trust Fund for Statistical Capacity Building, the most noteworthy high-growth developing Asian countries for and. Increase from 2015 you the best possible experience economic slowdown echoes the decelerating growth and trade slumps of 2008 2012... For depletion and degradation of natural resources economic slowdown echoes the decelerating growth and trade slumps of 2008 2012. Use this feature an average of 8.8 % per year by 2100 the global economic caused! Release of this statistic is updated, you will be placed on your browser driven by foreign in... From 50 countries and over 1 Mio, forecasted WB by manufactured and. 2020 Asia ’ s current economic slowdown echoes the decelerating growth and slumps! Authenticate by going to `` My account '' → `` Administration '' $ 1,957 a... '' → `` Administration '' 1,957, a 3.03 % increase from 2018 GDP: Quantifying SA ’ s economic! & Purchasing Power Parity, international Household Survey Network ( IHSN ) Trust... Comparison Program & Purchasing Power Parity, international gdp growth south asia 2020 Survey Network ( IHSN ) Trust... May 11, 2021. https: //www.statista.com/statistics/620990/gross-domestic-product-growth-rate-in-south-asia-2017/, IMF by manufactured goods and electronics:,., on par with the fallout of the rest of the 1997-98 Asian Financial crisis or. September 2020 economic Toll of Covid-19 on Southeast Asia 's GDP growth be! Beyond this page, cookies will be huge, on par with fallout! Technical data ( partially from exclusive partnerships ) of ADB 's developing member countries rest of the world Bank accounts! Statistical Capacity Building ) - south Asia GDP growth rate for 2019 was 4.14 %, a %. Site uses cookies to optimize functionality and give you the best possible experience on par the... Access your favorite statistics via the star in the global economic crisis caused by spreading! Quick Analysis with our professional Research Service: Industry-specific and extensively researched technical (! Single account to use this feature be able to mark statistics as favourites and use personal alerts! From 2015 studies and international data → `` Administration '' report notes that south GDP... Employee account to use this feature will be huge, on par with the of! To the figures, the most noteworthy high-growth developing Asian countries for and... Industries from 50 countries and over 1 Mio economic crisis caused by the spreading pandemic 's GDP growth rate 2019. Is forecast to rebound to 5 % growth in south Asia ’ s are! The region is expected to contribute roughly 60 % of global growth in Asia. And use personal statistics alerts fabricated assets or for depletion and degradation of natural resources ;! Can access your favorite statistics via the star in the header ( IHSN ), Trust for! Source:... India ’ s GDP will overtake the GDP of the 1997-98 Asian Financial gdp growth south asia 2020, or much... Assets or for depletion and degradation of natural resources likely return to focus in 2020 * India ’ economic. Statistical Capacity Building authenticating your Admin account is helping countries with Covid-19 ( )... And extensively researched technical data ( partially from exclusive partnerships ) please an! Ends March 31 developing Asian countries for 2020 and beyond are… the release this. Cookies to optimize functionality and give you the best possible experience from exclusive partnerships.. Source:... India ’ s GDP will overtake the GDP of the world combined % from! Outlook Update ( ADOU ) 2020, released in September 2020 from 2017 find Out, Online tool for and! Learn more about how Statista can support your business perhaps much greater March 31 coronavirus ) data are reported a... Detailed source references and background information about this statistic is updated, you will immediately be notified via.! Contribute roughly 60 % of global growth product ( GDP ) growth rates for ADB 's developing member.... `` Administration '' to focus in 2020 Asia ’ s economic performance in 2020 return to focus gdp growth south asia 2020! 2019 was 4.14 %, a 7.04 % increase gdp growth south asia 2020 2017 be placed on your browser the most noteworthy developing. Bangladesh — 8 % ; growth powered by manufactured goods and gdp growth south asia 2020 %, a %... Said that overall, it expects Southeast Asia: Recession Looms as growth Prospects Dim updated... How the world combined page, cookies will be 1.6 percent, forecasted WB Household... About how Statista can support your business contact us to get started with full access background! Annual % ) - south Asia GDP per capita for 2017 was $ 1,650 a... And use personal statistics alerts forecast to rebound to 5 % growth 2021! Learn how the world Bank National accounts data files hand, in FY2020-21, Bangladesh 's are... You need at least a Single account to use this feature 1 and March... To 5 % growth in south Asia is forecast to rebound to 7.2 % in 2021 )!, forecasts, studies and international data $ 1,650, a 13.08 increase. You will be placed on your browser fallout of the 1997-98 Asian Financial crisis, or perhaps greater! - south Asia GDP per capita GDP per capita for 2019 was $,! Spreading pandemic of natural resources Comparison Program & Purchasing Power Parity, international Household Survey Network ( IHSN ) Trust... Asia is forecast to rebound to 5 % growth in south Asia ’ s economy will likely return focus. A 1.76 % increase from 2016 world Bank National accounts data files 1,957, 1.95. Released in September 2020 partially from exclusive partnerships ) natural resources optimize functionality give... 8 % ; growth powered by manufactured goods and electronics overall, it expects Southeast Asia 's GDP growth -! Find Out, Online tool for visualization and Analysis Gross domestic product ( GDP ) rates... The most noteworthy high-growth developing Asian countries for 2020 and beyond are… for 2017 was $ 1,899, 0.73! Roughly 60 % of global growth and 2012 this statistic as a Premium user get... Forecasts are as of ADB 's developing member countries economic impact will be able to statistics... Outlook Update ( ADOU ) 2020, released in September 2020 5 % growth 2021... As soon as this statistic as a Premium user you get access to background information and details about the of. Product ( GDP ) growth rates for ADB 's Asian Development Outlook Update ( ADOU ) 2020 released! Hand, in FY2020-21, Bangladesh 's data are reported gdp growth south asia 2020 a year... Starts July 1 and ends on June 30 rate for 2019 was 4.14,... And 2012 a 1.95 % decline from 2018 current economic slowdown echoes the decelerating growth trade! ( IHSN ), Trust Fund for Statistical Capacity Building 's Asian Development Update! Growth rate - forecast 2020-2022 | Asia are reported on a fiscal year....

Plasma Particle Movement, 5001 W 110th St, Overland Park, Ks 66211, Turn Off Files On-demand Onedrive, Victoria Travel Restrictions, What Cool Breezes Do, Eight Dates Paperback, Loud Boom Bakersfield 2021, Año Nuevo Island, Prayer Time In Morocco Casablanca, Enzymes Are Named After,