This video compares fastest growing economies in Asia (GDP growth rate) from 1980 to 2027.
Strongest Economies in Asia: [ Ссылка ]
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Fastest economic growth rate in Asia
Fastest economic growth in Asia by country
Fastest growing economy in Asia by country
Fastest developing economy in Asia by country
Fastest developing countries in Asia
Fastest growing Asian countries
Asian fastest growing economies
The economy of Asia comprises more than 4.5 billion people (60% of the world population) living in 49 different nations. Asia is the fastest growing economic region, as well as the largest continental economy by both GDP Nominal and PPP in the world. Moreover, Asia is the site of some of the world's longest modern economic booms, starting from the Japanese economic miracle (1950–1990), Miracle on the Han River (1961–1996) in South Korea, economic boom (1978–2013) in China, Tiger Cub Economies (1990–present) in Indonesia, Malaysia, Thailand, Philippines, and Vietnam, and economic boom in India (1991–present).
As in all world regions, the wealth of Asia differs widely between, and within, states. This is due to its vast size, meaning a huge range of different cultures, environments, historical ties and government systems. The largest economies in Asia in terms of PPP gross domestic product (GDP) are China, India, Japan, Indonesia, Turkey, South Korea, Saudi Arabia, Iran, Thailand and Taiwan and in terms of nominal gross domestic product (GDP) are China, Japan, India, South Korea, Indonesia, Saudi Arabia, Turkey, Taiwan, Thailand and Iran.
Total wealth (as well as overall GDP) is mainly concentrated in East Asia, South Asia and Southeast Asia, while if measured by GDP per capita; is mostly concentrated in Japan, South Korea, Taiwan, Hong Kong, Macau, Singapore, and Brunei, as well as in oil rich countries in West Asia such as Saudi Arabia, Qatar, United Arab Emirates, Bahrain, Kuwait, and Oman. Israel and Turkey are also two major economies in West Asia.
The Chinese economy boomed under the economic measures undertaken by Deng Xiaoping, in the late 1970s, and continuing under Jiang Zemin and Hu Jintao in the 1990s and 2000s. After the liberalization of the economy of India, growth in India and China increasingly shifted the center of gravity of the global economy towards Asia. By the late 2000s, China's economic growth rate exceeded 11% while India's growth rate increased to around 9%.
Meanwhile, South Korea, Taiwan, Hong Kong and Singapore emerged as the Four Asian Tigers with their GDPs growing well above 7% per year in the 1980s and the 1990s. Their economies were mainly driven by growing exports. The Philippines only began to open up its stagnated economy in the early 1990s. Vietnam's economy began to grow in 1995, shortly after the United States and Vietnam restored economic and political ties.
Throughout the 1990s, the manufacturing ability and cheap labor markets in Asian developing nations allowed companies to establish themselves in many of the industries previously dominated by companies from developed nations. By the dawn of the 21st century, Asia became the world's largest continental source of automobiles, machinery, audio equipment and other electronics.
The Philippines, however, managed to grow at rates at par with China in the period 2012–2013, and became the world's fastest growing emerging market economy since 2014, overtaking Malaysia in 2017 as the third largest economy overall in Southeast Asia.
economic boom in China, economic boom in India, economic boom in Japan, economic boom in South Korea, economic boom in ASEAN countries, economic boom in Middleast countries...
Developing Asia’s economies are forecast to grow 5.2% in 2022 and 5.3% in 2023, thanks to a robust recovery in domestic demand and continued expansion in exports. However, uncertainties stemming from the Russian invasion of Ukraine, the continuing coronavirus disease (COVID-19) pandemic, and tightening by the United States Federal Reserve pose risks to the outlook.
East Asia is expected to see economic growth of 4.7% in 2022 and 4.5% in 2023. The People’s Republic of China, the region’s largest economy, is forecast to grow 5.0% in 2022 and 4.8% in 2023, amid continued export strength. South Asian economies are expected to expand collectively by 7.0% in 2022 and 7.4% in 2023, with India—the subregion’s largest economy—expected to grow 7.5% this fiscal year (2022) and 8.0% next fiscal year (2023).
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