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China, here represented by Shanghai, accounts for 65 percent of emerging Asia's combined GDP. (Photo: J. Patrick Fischer)
Monday, June 25, 2012
Special Reports

Emerging Asia Reaches $12 Trillion


Twice as large as the previous five years.

BY EMINVEX STAFF


Emerging Asia’s combined economy has reached $12.3 trillion, according to the latest data from the International Monetary Fund.

That’s almost as much as all the other emerging markets combined.  Emerging Asia is twice as large as the second-largest emerging market, Latin America, and four times as large as the third-largest emerging market, the Middle East and Africa.

Emerging Asia’s GDP has doubled compared to the previous five years and is expected to reach $19.7 trillion during the next five years, according to the IMF.

China, the world’s second-largest economy, clearly dominates emerging Asia, accounting for 65 percent of its combined GDP, or $8 trillion.

The other two major economies are India ($1.8 trillion) and Indonesia ($928 billion).

Thailand ($377 billion) and Malaysia ($305 billion) round out the top five economies.

Among the top ten economies are Pakistan, Philippines, Vietnam, Bangladesh and Sri Lanka.

The smallest economy in emerging Asia? Tuvalu (formerly known as Ellice Island), a Polynesian island in the Pacific. Its GDP currently stands at $36 million.

Full Ranking of Emerging Asia in 2012 GDP


Emerging Markets: How They Compare

Area

GDP

Developing Asia

12,324.27

Latin America and the Caribbean

5,792.50

Middle East and North Africa

3,036.82

Commonwealth of Independent States

2,674.85

Central and eastern Europe

1,938.52

Sub-Saharan Africa

1,306.75

Emerging and developing economies

27,073.71

 

Source: International Monetary Fund

 

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