The History of Economy (GDP) Growth in Asia (1960-2022)
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- Опубликовано: 11 сен 2024
- The video shows the timelapse of GDP growth rate in Asia from 1960 to 2022. The GDP growth rate compares the year-over-year (or quarterly) change in a country's economic output to measure how fast an economy is growing. Gross domestic product (GDP) is the standard measure of the value added created through the production of goods and services in a country during a certain period. As such, it also measures the income earned from that production, or the total amount spent on final goods and services (less imports). GDP per capita is gross domestic product divided by midyear population. GDP at purchaser's prices 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 constant local currency.
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Source:
World Bank & IMF
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First of all, I very much hope that China and India can make progress together. I have been paying attention to India's economy ten years ago, but I have not been optimistic about India in the past two years, especially before the 2019 epidemic, India's economic growth rate has been three consecutive years. Lower than China, the domestic epidemic in India is still a big problem, and it will be a big problem for India's economic growth in the next few years
Yeah also the fiscal deficit widend by 88 percent in this fiscal year combined with record low lending rates will cause sustained high inflation leading to slow growth in middle class consumption causing slow gdp growth rates in the upcoming few years i wish we could reach 10 percent again
No .its impossible as China killed more than 100 indian soldiers at galwan and occupied many areas at ladakh and galwan valley and indja still unable to get her areas back from china fearing made in China weapons.
Fake country fake China
不要自作多情了 跟印度人没啥好说的
@@Louder111 ok Pakistani.. Did u get ur daily token
I feel proud of my country Vietnam when in 2020, the economy is only 268.4 billion USD but by 2021 it has increased to 343 billion USD (25% growth)
P/S:If possible, I would like you to make a video of GDP per capita:Vietnam province vs Thailand province (Simply because we have surpassed the Philippines and our country's next goal is to surpass Thailand)
Same my country Bangladesh. I think Bangladesh and Vietnam are the same thing for economy. In 2020, Bangladesh GDP was 324 Billion USD and GDP growth rate was 5.4%. In 2021, Bangladesh GDP was 416 Billion USD and GDP growth rate was 6.6%. Now Bangladesh GDP growth rate is 6.9%. We are waiting that how many have Bangladesh and Vietnam GDP in this year.
Pakistan's economy is 290 billion according to IMF and moody's
Bangladesh is 411 billion
Mumbai and Jakarta have 300$B+ gdp higher than Pakistan.
Don't worry it's expected that Mumbai, Chennai, Delhi and Bangalore all will have greater gdp than Pakistan till 2027-30...
Mumbai can be 600B$+ till 2030.
wow nice
by the end of 2021 Mainland China's GDP 17, 7 trillion Us Dolar.. so 2022 it will over 19 trilion us Dolar in Gdp nominal
الاحواز ارض عراقية تابعة لقضاء البصرة وهي من ضمن الوطن العربي الكبير على إيران خروج من الأحواز بقانون الامام علي بن أبي طالب عليه السلام سيد الوصين
it already crossed 30 trillion bruh
@@papastalin1543 PPP 2022 will cross 30 trilion us Dolar
@@GiangLe-gr9rj bro i am talking about nominal , ppp already above 30
Don’t forget GDP per Capita
I'm proud of my country, Vietnam 🇻🇳🇻🇳
Proud of be a Bangladeshi
Bangladesh was fasting growing economic.. Bangladesh will get GDP 1 trillion dollars in the future!
We Indians are proud of Bangladesh too. Good to see a brother country progress. We in USA here, use Bangladesh as a good example of growth and development, and overcoming obstacles. 🌹
@@Car_guy31 but Bangladeshis hate us for being a hindu majority nation, even though we helped them in independence war..
@@vymancross3551 it's a matter what one is taught. We practice what we're taught. 😂
@@vymancross3551 Bangladesh does not hate India for religion, but its policy towards Bangladesh.
@@Adyel-YT Tell me one government we don't hate in this world. That's not a reason to hate regular people. Correct me if I'm wrong.
I am proud of my country Bangladesh, in 2020 the GDP was 324 billion US dollars while in 2021 the GDP was 416 billion US dollars, immense growth!(28%)
how you do that
Wtf Bangladesh growth is 4 times slower than that
@@kushagrasingh4157 hehe,sad jealous burning Indian noises!
@@oskars1419 special economic zones! tax cuts and hard working people with good fiscal policy!
@@oskars1419 magic of Sheikh hasina
This is world vs Bangladesh's economy
Always stay stable
After independence Bangladesh faces many criticality
Then slowly Bangladesh holds the growth
Bangladesh was behind Pakistan and India
From 2014 to 2022 Bangladesh showed it's actual growth
Become one of the leading competitive economy beside Vietnam and Philippines
Bangladesh is now one of the next 11
Nobody imagined that one day Bangladesh will come out as a rising economy
Everybody was talking for Pakistan as a result Pakistan become poorer
Pakistan is 46th economy where Bangladesh is 37th
Bangladesh's growth rate 6.9% and Pakistan 3.8%
South Asia has now 2 leading economies India and Bangladesh
What is Bangladesh's strength outside of population?
@@v-vl5136 Textile exports number 2 in the world and Fertile agriculture lands with abundance of water are the two other positives of Bangladesh other than population.But there are many negatives also like curruption, overpopulation,bad infrastructure, bad Healthcare etc.
Sisters 😎. 🇮🇳♥🇧🇩
@@debalik8806 🇧🇩💞🇮🇳
@@debalik8806 🇧🇩❤🇮🇳
Proud to be a Bangladeshi ❤🇧🇩❤
how about now ?
Thanks for sharing 👌
Very sad for my country Syria 🇸🇾😢
Sympathy for syria 😓😓🙏🙏🇮🇳🤝
Love from Pakistan to our Syrian brothers 🇸🇾🇵🇰
@@theycallmeflipper4515 Do Pakistani public support Imran khan or shahbaz Sharif ??
@@Indianarm9407 majority supports Imran Khan including me, why'd ya ask?
@@theycallmeflipper4515 I was just curious to know
Meanwhile Japan stuck at 0% as a lapdog.
Burn the US UK, Japan will rise again..,
No, not a lapdog. A vassal state. They simply cannot go against the US. The purpose of US military base in Japan is to keep Japan down rather than to protect them.
Nice video 👍 brother Iam from London
The average annual GDP growth does not matter and does not reflect the economic situation. The GDP growth of the largest economy in the world (USA) is 2-4%. The GDP growth of some Turkmenistan or Uzbekistan is 8-10%
30 years ago China was not the in the top 5 largest economies in the world but it had the fastest GDP growth of any major economy, today it is the second largest economy in the world and the second fastest growing major economy behind india and will pass the US by 2028. India is the fastest growing major economy today and is expected to pass the UK, Germany and Japan to become third by 2030. GDP growth definitely matters if it is sustained over decades. Plus i hope you realize the size of a countries economy is heavily influenced by population size, that's why you won't see Switzerland competing with China, india and the US
US had artifically inflated GDP printing money endlessly and putting it in to GDP. But you cant do that infine. Because sooner or later inflation hits. Real value of 1 dollar is only 0.13 cents.
The world average inflation rate is 3%, which means the US economy is stagnant, understand?
I'm proud of my country Iran 🇮🇷, our GDP in 2020 was 835 billion USD but in 2021 increased to 1081 billion USD and 1136 billion USD in 2022
Man if not for saddam both iraq and iran could have stayed purple.
Iran would have been a super power by if the west didn't sanction iran.
Love to iran from Bangladesh 🇧🇩
dorod
👏😍
According to UN, Iran's gdp is 200 billion dollars.
LOL China alone half of Asia Gdp
Huh? S.Korea and Japan are on top 5
@@user-xv9rf2ll3m Yeah their per capita is higher but in terms of GDP China accounts for half of Asia gdp
Big country, Big gdp... That's normal..
@@saizan3193 big country in terms of what? 🤔 size or population? russia is #1 in size still not in top 10 in terms of gdp. Pakistan is number 5 in population but its gdp is less than elon musk’s net worth 💀 japan is such a small population in terms of size and his population is declining stil japan is at #3 in gdp.
@@saizan3193
everyone: Big country , big GDP , that's normal.
India: Hold my curry
As a man from america Asia is rapidly growing and we americans hate it
@@Tsuyira Malaysia need democracy
@@Tsuyira lol they are jealous of Asia😆😆 that's why we Indians don't like them
🇮🇳🤜🇺🇸
I hope the Indonesian economy will get better 🇮🇩
this music is the summary of my life
Taiwan is not China
So do Hong Kong before 1997 the handover!
你说不是就不是吗？
🤣🤣🤣😂😂
@@jh4680 有證明的
yes taiwan is not china but taiwan china too
انا فخور بكوني عربي من العراق🇮🇶💗
كل الدول فخوره بنمو اقتصاد بلدانه بس احنه العراقين تسوءحالتنه
@Mansoor AhmedLove lndai 💗💗😭💗💗🤯🫂
12% growth 🇮🇳🇮🇳🇮🇳🇮🇳
Love From Bangladesh
This color scheme is weird. Purple means hot, red means cold, green means moderate?
Next time try to include the caucus and the maldives
Bahrain too i guess
Indonesia 🇮🇩😊😎
Love from Bangladesh ❤️
I m proud of my country Bangladesh 🇧🇩🇧🇩
🙂
Hope Indonesia's economy getting better
Its hard lol the goverment now is moron
It is often neglected that when these countries had the highest growth they all shared a same political system: right wing industrial capitalist one-party rule
But the Chinese Communist Party is left wing...
@@giucas100cassabellis2 Not really after Deng. Unions are banned in China. It's the most capital-friendly government in the world.
more like corrupt oligarchies
@@dengist8172 Except China's economy continues to become more socialised, they decided to focus on high quality growth instead of high growth now, if they wanted they could grow much faster.
Also China has been growing consistently faster than right wing India with few exceptions.
China and india is great nation. Love from malaysia chinese
I am from India. I love China. Specially their ancient culture and old mythology.💙
Woww Rusia 🇷🇺 paling luas mantap👍
Proud of Pakistan. Its economy got really hurt during the COVID-19 period but now it's at 4.3% ❤🇵🇰
@@silencedjango662 hello!
Respect Pakistan ❤️
@@silencedjango662 bro our gdp is 3trillion and the population is also high. And the person u r talking he was talking sarcasm.
Hello🙂
Why showing wrong map of India 🇮🇳🇮🇳??
Correct*
@@hmmtheyesguy yes true
@SANBRUCE UN india ka baap thodi na hai kamina sala un
The other parts of Indian map is administered by others country, thats why some international map dont show whole india map
@Aoun Muhammad no this is wrong
Map of India is incorrect. Pls rectify it immediately. You are insulting our national feeling and Govt of India did not approve this kind of Map of our state.
2021 was a year when all countries went from hopeless to hopeful
2022 i think, not 2021.
except lebanon...
Except Afghanistan
Sri Lanka?
UK?
Ukraine?
US? (Yes, we are so hopeful here that mass shootings and road rage have reached record levels, and our fertility rate has hit the lowest levels in our history).
Wait until the long term global effects of the Russia-Ukraine conflict become more evident. A positive, optimistic attitude is generally both commendable and healthy, but your claim about an ever more complex and interconnected world is Panglossian and breathtakingly simplistic.
@@motherlandbot6837 I understand for Sri Lanka and Ukraine , but USA and UK literally had no problems
科技才是第一生产力😊
Lol China have no technology tho
生产力是发展了，但是落后的生产关系如何解决？
Asia in 2020-2021: We sleep
Asia in 2021-2022: REAL SH*T
Why the hell did you show part of Kashmir in Pakistan?
Rip Maldives LOL
Bangladesh🇧🇩🇧🇩🇧🇩
Chinese GDP was actually 8,1% for 2021, very far from the 20.45% announced here. Didn't check all the numbers cause I'm too busy, but only for the last year there's a big mistake already.
Yep. No way in hell it increased by that great a factor in a single year when the world - and China especially is recovering from covid
It was funny seeing every nation's number going down simultaneously in 2020
Also, seems like China has been on a real decline in growth rate. From 15-17% consistently to barely 8% now makes it seem like something's up
@@Mrityunjay7 China is the biggest exporter/supplier in the World, so its growth was greatly affected by the World's demand contraction due to COVID.
However, its GDP is the one which better rebounded compared to pre-Covid rates. A lot of countries are talking about industrial sovereignty since their great dependance to Asian plants (and especially Cinese ones) have been put on light due to the crisis. Meaning they seriously think about relocating massively in occidental areas, but fact is the relocation wave will not be that massive at all because of globalisation's obvious advantages firms don't want to lose(including comparative advantages, fiscal optimization, pollution havens...). The real change will actually be made in the supply chain's stocks logistic, by constituting more stocks to gain some flexibily in case of crisis.
Chinese strategy on the over hand, is to become less reliant on occidental exports, and to build its own interior markets opportunies by taking advantage of its 1.4 billions inhabitant, and especially farmers in the poorer areas gradually accessing to middle class's standards of living. The global Chinese purchasing power is about to rise to a scary level. Only its demographic crisis could eventually slow down or even stop this phenomenon.
@@epicvideos6227 demand actually when up during covid because of demand for home office goods that are all made in China. Alot of 1 time purchase happened.
@@khoowaikeong indeed you're kind of right if we do only focus on that type of goods : demand increased for domestic PCs, microphones and even giant 4K televisions for example. :)
( Notice that demand for domestic eletronic products went up, but supply actually went down due to COVID restrictions in China. The rationing was made by higher prices).
In a more global perspective however, world demand significantly decreased and not only in China, especially due to a slow down in occidental firm's investment, which observed economic contraction for a possibly indefinite period and then decided to reduce their spendings in production capacities in a more than proportionnal way. This economic phenomenon is called INVESTMENT MULTIPLIER if you are interested in checking it, and the multiplier can either be positive or negative. In that case it is negative, and is due to a combination of firm revenues reduction, bad economic anticipations leading to invest less, and finally a decrease in the already existing production factors due to amortizing in that same time. All those events lead to a contraction of production capacities which cannot immediately adapt to the pace when the economy finally rebounds, needing investment spendings back again and then implying a temporary wild boom in prices untill the capacities got ajusted back.
China GDP according to official figure:
(17.7-14.7)/14.7*100%=20.45% (the growth is even higher now due to the exchange rate between USD and CHY).
How can i make that videos ?
can you teach us how you make these videos
India 🇮🇳🤩
ASIA EL LUGAR PERFECTO PARA UNA INSTANCIA CONCILIADORA MUNDIAL DE LA PAZ
Russia part of Asia is literally bombing it's neighbors right now 🤦
India must lead Asia! Only India can lead us to prosperity! 🙏🙏🙏
China？
Maybe China and India better to lead the world together, do not just stop at Asia
hmm not sure about that...
India should replace UK as top5
@@geshi7121 +1
@@geshi7121 I think as of 2022 we are 5th largest economy in nominal terms
Vietnam 2021 🇻🇳👍
My eyes were at the map of South Asia, when Every neighbouring countries were having negative GDP growth rates during the 2020 pandemic, Bangladesh was exceptional. Shame on those foreign NGOS and policy research firms who said the number of cases in Bangladesh would exceed 20 million after the second wave of corona pandemic due to over population and population density,We proved that population Isn't a burden rather it's a blessing to economy if you know how to use it in a proper way, Here in Bangladesh, 35k people died of corona virus and number of cases was less than 2 millions, 69% of total population have got second doses of covid vaccine out of which 50% was Pfizer. Thanks to 🇺🇲
And yes, Fertility rate in 🇧🇩 is now lower that of others in south Asia.
Well done boys. Good luck to others as well.
Me from Poland
@@bartekkostrzynski3976 Good luck to you as well 🇵🇱
Respect your country’s economic mircle.
@@e--459 thank u Russian brother.
@@mannadiisyed259 ❤️
Taiwan is not apart of china.
We have president by the democratic government.
Srilanka 🇱🇰😔😢
In 1961 Russia, Kazakhstan, Turkmenistan, Uzbekistan, Kyrgyzstan and other republics was USSR... it was united economic...
Him: HISTORY OF ECONOMY GROWTH RATE IN ASIA
Also Him:*Includes Papua New Guinea*
People's Republic of China
I proud with my country cause it looks the most aesthetic in map
Taiwan is a country, not a part of China.
No way
Imagine iran without 4000 sanctions
@@ZeleKnez yeah absolutely
Iran need to step up from religion islam then it will be one of the strongest economy in Asia.Iran should focus on devolopment rather than religion
love from bangladesh🇧🇩🇧🇩🇧🇩🇧🇩
i am proud of my country Pakistan 🇵🇰❤️
You should.
Pakistan is great!!
Soundtrack name, please! (And the creator of the song)
Probably the name of the song is Ezio's Family.
@@herclemetal I don't think it is...
taiwan not need =taiwan(China) bcz taiwan is a country not part of China sir
中華人民共和國台灣省
@@andyhh3399 中華人民共和國的居民需要護照才能去台灣旅游/ 美國議員，軍機去台灣不需要經過中華人民共和國同意 。 台灣的領土上沒有中華人民共和國的國旗或機關，台灣的國慶日在10/10 歡迎你XD
Please show real map of india .. include loc and lac in indian map
The middle east: choas
Lebanon: -20 in a year +20 the next take it or leave it
QAZAQSTAN ❤🇰🇿❤
Do not show India half
Pakistan has not quanqured
Parts of Kashmir. You always show it exten☹️😤😠
Correct your MAP first.
The map of India shown in the video is not correct.
Map of india is incorrect
Absolutely right
Your India's map is incorrect ! Please get it corrected.
More likely the history of loans and money laundering. Not actual manufacturing. Germany have more factories than the entire USA but the GDP of USA is much higher nonetheless.
Where is Caucasus lol
When you think everything is settling down, as the colors don’t change as much. 2020-21: omg
Why is Europe absent from this? Europe is as much part of Asia as India.
Proud to be a Yemeni
before 1991, such a state as Russia did not exist
What are you smoking? 😂 Before the USSR, there was a Russian empire, which, after the Bolsheviks came to power, was reformed and gave the rest of the regions many rights, becoming a federation and in 1922 the Union of Soviet Socialist Republics
Russia, Kazakhstan etc wasn't sovereign countries before 1991
Yes
lol Индонезийский финиш с экономией до 5-10%
Wrong Indian map shown in your video .You must correct this.
Does anyone know the name of the music it sounds so good very relaxing...
I don't know but i will suggest you tom and jerry movie nutcracker music.
pheww.. i found it after a year ahahahaha, Its "Between Us" by: Veaceslav Dragonov
Go China! 👍🏻🇨🇳
west taiwan🇹🇼
Why is papua new guinea here?
Turkey is an Asia and Géorgie, Armenia and Azerbaïdjan not ???!!!
Lol here we go again
Most dangerous country by natural disasters next plsss
Please correct the map first. Don't show a wrong world map to the world which is misleading as well as misinforming.
where is Macau
China now of countries
Wrong map of india.....please correct it
Turkey is in asia?
Rusia is in asia?
🇮🇳- One positive is growth but at the same time I'm fear for the communal violence and terrorism or else we would be like Pakistan! Communal harmony is subjected to be a goal for every indians...
Respect your country
@@e--459 🇮🇳💖🇷🇺
Just cried after seeing that Pakistan was the fastest growinng economy and now💔
Please kindly add the PoK and the Aksai Chin part in India's territory as the Indian viewers might get offended. However, it is actually India's part only.
This is youtube, for worldwide users, not Indian staff.
Map with LOC is the best way to balance different region users.
@@coryplum5375 No one gets offended "worldwide" as you say, instead of pakistanis if we include PoK in Indian territory. I even have no problem if these 2 areas are marked as disputed areas. However, I had no intention of hurting you, I just had to convey my opinion as a viewer to the creator. Namaste to you!
nah, the map in the video is better, it displays the country that has actual control over the area. Complaining why POK is not part of India is like Pakistani complaining about why IOK is not part of Pakistan. Just leave political stuff out of this
then pakistani viewers may get offended so the map should be the occupied areas of each country
@@superpowerdragon It's not at all political. It's just a matter of fact that pok is India's, no doubt. I hope u r one of those liberals shouting in our nation. At least, I agreed to make it as a disputed region instead of showing it as a part of one nation
Indian map you are showing is wrong.
How did russia came in 1970's u forgot about USSR
Well I really have to say if you really think Taiwan is a part of China and is a province of it, what is the point to seperate Taiwan with other provinces? I mean it is even not a SAR like Hong Kong. Your words totally explain what the real truth is.
So r u Taiwanese
@n ll Yeah, but HK and Macau are China's SAR. Is Taiwan a SAR?
@n ll I don't need you to tell me that cause I am Taiwanese. But I'm am quite sure the China in the video means PRC instead of ROC.
@n ll Or you wanna tell me that PRC=ROC?
@n ll Are you communist Chinese supporter by the way?
Sad my country Lebanon😥
now you dont get wheat from ukraine bcs putin :c
@@oskars1419 True T_T
@@nadadibmoujaes315 stay strong brother from India 🤝🇮🇳
@@Indianarm9407 💪💪💪🇱🇧🤝🇮🇳
India comrade Lebanon.🇮🇳🤜🇱🇧
Showing incorrect map of India
The video start at 1962:
Hong Kong(China)
Pls show the correct Indian map including
Gilgit baltistan n pok
But America is not in Asia
Bhai India ka map to sahi dikhao yaar top to tune china aur Pak me dikhaya hai
Bro please use the government certified map of India.
Ai biết tên bản nhạc nền không cho mình xin
cảm ơn !
Only for the last year there are mistakes.