Annual GDP growth in Asia
Asia: Annual GDP growth was 4.0% in 2024. ▼ Falling
Latest (2024)
4.0%
Change on year
down 12.4%
Rank
10th
of 22 regions
All-time high
7.7%
in 2010
All-time low
-0.9%
in 2020
Years of data
25
2000–2024
Annual GDP growth in Asia, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2024, annual gdp growth in Asia stood at 4.0%.
Compared with earlier readings it is down 12.4% on the previous year and down 20.5% over ten years.
Over the whole period, annual gdp growth in Asia peaked at 7.7% in 2010 and was at its lowest, -0.9%, in 2020.
That places Asia 10th out of 22 regions with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 25 years of available data.
Annual GDP growth in Asia, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 5.7% | — |
| 2001 | 3.2% | -44.4% |
| 2002 | 4.2% | +31.4% |
| 2003 | 5.3% | +27.7% |
| 2004 | 6.7% | +25.2% |
| 2005 | 6.4% | -4.1% |
| 2006 | 6.9% | +8.4% |
| 2007 | 7.5% | +7.6% |
| 2008 | 4.4% | -40.6% |
| 2009 | 2.7% | -38.8% |
| 2010 | 7.7% | +182.5% |
| 2011 | 6.0% | -22.5% |
| 2012 | 5.2% | -13.2% |
| 2013 | 5.4% | +5.2% |
| 2014 | 5.0% | -8.0% |
| 2015 | 5.0% | -0.8% |
| 2016 | 5.1% | +1.8% |
| 2017 | 5.1% | +0.3% |
| 2018 | 4.8% | -6.2% |
| 2019 | 3.8% | -19.4% |
| 2020 | -0.9% | -123.3% |
| 2021 | 6.9% | -870.7% |
| 2022 | 3.8% | -44.3% |
| 2023 | 4.5% | +18.7% |
| 2024 | 4.0% | -12.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.3% | 2.7% | 7.5% | 10 |
| 2010s | 5.3% | 3.8% | 7.7% | 10 |
| 2020s | 3.7% | -0.9% | 6.9% | 5 |
Countries ranked near Asia
More economy & growth data for Asia
- Gross Fixed Capital Formation Deflator — Value US$, 2015 prices 106.47 USD (2024)
- Gross Fixed Capital Formation — Value US$ 13.40 million million USD (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 12.58 million million USD (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 33.73 % (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 2.88 % (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 3.51 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 4.9 % (2024)
- Gross Domestic Product — Annual growth US$ 5.54 % (2024)
- Gross Domestic Product — Value US$, 2015 prices 37.66 million million USD (2024)
- Gross Domestic Product — Value US$ 39.74 million million USD (2024)
Frequently asked questions
- What is annual gdp growth in Asia?
- Annual gdp growth in Asia was 4.0% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Asia?
- The highest recorded value was 7.7% in 2010.
- What is the lowest annual gdp growth recorded in Asia?
- The lowest recorded value was -0.9% in 2020.
- How does Asia rank for annual gdp growth?
- Asia ranks 10th out of 22 regions with data for 2024.
- Is annual gdp growth rising or falling in Asia?
- Over the last ten years it is down 20.5%. The long-run trend across the full record is falling.
- Where does this Asia data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).