the economic situation in asia€¦ · doing business (world bank, 190 countries) ranking of asian...

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T H E E C O N O M I C S I T U A T I O N I N A S I A By 2030, Asia's GDP is projected to account for 40% of world GDP compared to the current 33.8% Source: Círculo de Empresarios based on World Bank, BIS, The Conference Board, UNCTAD, & IMF, 2018 GDP evolution $tn The Asian market share of exports of goods accounts for approximately a third of the world total, with China taking the lion’s share (12.8%) Labour productivity Asia represents 34% of the total world FDI, with China as the major FDI recipient Main FDI recipients in 2017 $bn Calculated as a % of the US The public debt of Asia represents 85% of GDP. Emphasis is placed on Japan as the economy with the highest public debt (213% of GDP) Evolution of household debt Countries with the highest non-financial debt in Asia % of GDP Doing Business (World Bank, 190 countries) Ranking of Asian countries, 48 countries Score Position in world ranking $tn, 2007=100 *Countries with a population of less than 2 million people have not been taken into account Share of exports of goods & services % of the world total Distribution of FDI by regions of Asia % of the total China Japan Hong Kong South Korea Singapore World 31% 24% 16% 6% 5% * * South Korea Singapore Hong Kong Malaysia Taiwan 2nd 1st 3rd 5th 4th 83.92 84.57 83.44 78.43 80.07 4th 2nd 5th 24th 15th In China, private debt represents 231% of GDP, increasing household debt 11-fold since 2007 Goods Services Note: South Asia includes the countries of the Middle East and South Asia Share of Asia in the world (%) 26.5 2000 33.8 2017 1960 1980 18.6 14.6 Average annual GDP growth in the last 10 years % Countries with high growth Countries with low growth Asia average China 7.9 Laos 7.5 India 7.4 Taiwan 2,9 Hong Kong 2,9 Japan 0,8 5.3 Total investment $486 bn 34% world FDI China Hong Kong India Singapore Indonesia 136 40 104 62 23 Main investing countries in China % of the total Hong Kong Taiwan Singapore 75.5 3.7 3.6 Distribution of FDI by regions of Asia % of the total

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Page 1: THE ECONOMIC SITUATION IN ASIA€¦ · Doing Business (World Bank, 190 countries) Ranking of Asian countries, 48 countries Score Position in ... Total investment $486 bn 34% world

TTHHEE EECCOONNOOMMIICC SSIITTUUAATTIIOONN IINN AASSIIAABByy 22003300,, AAssiiaa''ss GGDDPP iiss pprroojjeecctteedd ttoo aaccccoouunntt ffoorr 4400%% ooff wwoorrlldd GGDDPP ccoommppaarreedd ttoo tthhee

ccuurrrreenntt 3333..88%%

Source: Círculo de Empresarios based on World Bank, BIS, The Conference Board, UNCTAD, & IMF, 2018

GGDDPP eevvoolluuttiioonn $tn

TThhee AAssiiaann mmaarrkkeett sshhaarree ooff eexxppoorrttss ooff ggooooddss aaccccoouunnttss ffoorr aapppprrooxxiimmaatteellyy aa tthhiirrdd ooff tthhee wwoorrlldd ttoottaall,, wwiitthh CChhiinnaa ttaakkiinngg tthhee lliioonn’’ss sshhaarree ((1122..88%%))

LLaabboouurr pprroodduuccttiivviittyy

AAssiiaa rreepprreesseennttss 3344%% ooff tthhee ttoottaall wwoorrlldd FFDDII,, wwiitthh CChhiinnaa aass tthhee mmaajjoorr FFDDII rreecciippiieenntt

MMaaiinn FFDDII rreecciippiieennttss iinn 22001177$bn

Calculated as a % of the US

TThhee ppuubblliicc ddeebbtt ooff AAssiiaa rreepprreesseennttss 8855%% ooff GGDDPP.. EEmmpphhaassiiss iiss ppllaacceedd oonn JJaappaann aass tthhee eeccoonnoommyy wwiitthh tthhee hhiigghheesstt ppuubblliicc ddeebbtt ((221133%% ooff GGDDPP))

EEvvoolluuttiioonn ooff hhoouusseehhoolldd ddeebbttCCoouunnttrriieess wwiitthh tthhee hhiigghheesstt nnoonn--ffiinnaanncciiaall ddeebbtt iinn AAssiiaa % of GDP

DDooiinngg BBuussiinneessss ((WWoorrlldd BBaannkk,, 119900 ccoouunnttrriieess))Ranking of Asian countries, 48 countries

ScorePosition in

world ranking

$tn, 2007=100

*Countries with a population of less than 2 million people have not been taken into account

SShhaarree ooff eexxppoorrttss ooff ggooooddss && sseerrvviicceess% of the world total

DDiissttrriibbuuttiioonn ooff FFDDII bbyy rreeggiioonnss ooff AAssiiaa% of the total

China

Japan

Hong Kong

South Korea

Singapore

WWoorrlldd

3311%%

2244%%

1166%%

66%%

55%%

*

*

South Korea

Singapore

Hong Kong

Malaysia

Taiwan

2nd

1st

3rd

5th

4th

83.92

84.57

83.44

78.43

80.07

4th

2nd

5th

24th

15th

IInn CChhiinnaa,, pprriivvaattee ddeebbtt rreepprreesseennttss 223311%% ooff GGDDPP,, iinnccrreeaassiinngg hhoouusseehhoolldd ddeebbtt 1111--ffoolldd ssiinnccee 22000077

GGooooddss SSeerrvviicceess

Note: South Asia includes the countries of the Middle East and South Asia

Share of Asia in the world (%) 2266..55

2000

3333..88

20171960 1980

1188..661144..66

AAvveerraaggee aannnnuuaall GGDDPP ggrroowwtthh iinn tthhee llaasstt 1100 yyeeaarrss %

CCoouu

nnttrr

iieess

wwiitt

hh

hhiigg

hh gg

rrooww

tthhCC

oouunn

ttrriiee

ss ww

iitthh

lloo

ww gg

rrooww

tthh

AAssiiaa aavveerraaggee

CChhiinnaa 77..99

LLaaooss 77..55

IInnddiiaa 77..44

TTaaiiwwaann 22,,99

HHoonngg KKoonngg 22,,99

JJaappaann 00,,88

55..33

TToottaall iinnvveessttmmeenntt$486 bn

34% world FDI

CChhiinnaa

HHoonngg KKoonngg

IInnddiiaa

SSiinnggaappoorree

IInnddoonneessiiaa

113366

4400110044

6622

2233

MMaaiinn iinnvveessttiinngg ccoouunnttrriieess iinn CChhiinnaa % of the total

Hong Kong Taiwan Singapore

7755..5533..77 33..66

DDiissttrriibbuuttiioonn ooff FFDDII bbyy rreeggiioonnss ooff AAssiiaa% of the total