Gross domestic product (GDP) of emerging and developing countries in Asia is expected to reach over 37.44 trillion U.S. dollars by 2029. This would be almost double the GDP from a decade earlier, which was about 20.59 trillion U.S. dollars. Emerging and developing economies are the second-largest source of global GDP. The region’s GDP generally comes from manufacturing and trade, as well as growing financial industries and international commerce.
A region with growing economic power
Of the countries the IMF categorizes as emerging and developing in Asia (See “More information” for full list), several are a part of the Association of Southeast Asian Nations (ASEAN), an organization that provides the collaborating nations with a greater opportunity for growth and participation in the global economy than they would otherwise have. Indonesia, a founding member, has the largest economy in South East Asia, and is predicted to be one of the 15 countries worldwide with the highest GDP by 2030.
Emerging and developing Asia: Gross domestic product (GDP) from 2019 to 2029
(in billion U.S. dollars)
According to the source, emerging and developing countries in Asia include: Bangladesh, Bhutan, Brunei Darussalam, Cambodia, China, Fiji, India, Indonesia, Kiribati, Lao P.D.R., Malaysia, Maldives, Marshall Islands, Micronesia, Mongolia, Myanmar, Nepal, Palau, Papua New Guinea, Philippines, Samoa, Solomon Islands, Sri Lanka, Thailand, Timor-Leste, Tonga, Tuvalu, Vanuatu, and Vietnam.
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IMF. (April 22, 2024). Emerging and developing Asia: Gross domestic product (GDP) from 2019 to 2029 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 17, 2024, from https://www.statista.com/statistics/527916/emerging-and-developing-asia-gross-domestic-product-forecast/
IMF. "Emerging and developing Asia: Gross domestic product (GDP) from 2019 to 2029 (in billion U.S. dollars)." Chart. April 22, 2024. Statista. Accessed November 17, 2024. https://www.statista.com/statistics/527916/emerging-and-developing-asia-gross-domestic-product-forecast/
IMF. (2024). Emerging and developing Asia: Gross domestic product (GDP) from 2019 to 2029 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 17, 2024. https://www.statista.com/statistics/527916/emerging-and-developing-asia-gross-domestic-product-forecast/
IMF. "Emerging and Developing Asia: Gross Domestic Product (Gdp) from 2019 to 2029 (in Billion U.S. Dollars)." Statista, Statista Inc., 22 Apr 2024, https://www.statista.com/statistics/527916/emerging-and-developing-asia-gross-domestic-product-forecast/
IMF, Emerging and developing Asia: Gross domestic product (GDP) from 2019 to 2029 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/527916/emerging-and-developing-asia-gross-domestic-product-forecast/ (last visited November 17, 2024)
Emerging and developing Asia: Gross domestic product (GDP) from 2019 to 2029 (in billion U.S. dollars) [Graph], IMF, April 22, 2024. [Online]. Available: https://www.statista.com/statistics/527916/emerging-and-developing-asia-gross-domestic-product-forecast/
