Gross Domestic Product — Value US$, 2015 prices, annual growth rate in Asia
Asia: Gross Domestic Product — Value US$, 2015 prices, annual growth rate was 3.51 % change on previous year in 2024. ▼ Falling
Gross Domestic Product — Value US$, 2015 prices, annual growth rate in Asia, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gross domestic product — value us$, 2015 prices, annual growth rate in Asia stood at 3.51 % change on previous year.
Compared with earlier readings it is down 18.7% on the previous year and down 29.0% over ten years.
Over the whole period, gross domestic product — value us$, 2015 prices, annual growth rate in Asia peaked at 8.2 % change on previous year in 1973 and was at its lowest, -0.8929 % change on previous year, in 2020.
That places Asia 9th out of 30 groups with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 54 years of available data.
Gross Domestic Product — Value US$, 2015 prices, annual growth rate in Asia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 6.11 % change on previous year | — |
| 1972 | 7.7 % change on previous year | +26.1% |
| 1973 | 8.2 % change on previous year | +6.5% |
| 1974 | 2.29 % change on previous year | -72.1% |
| 1975 | 3.15 % change on previous year | +37.3% |
| 1976 | 6.02 % change on previous year | +91.4% |
| 1977 | 5.18 % change on previous year | -13.9% |
| 1978 | 4.76 % change on previous year | -8.1% |
| 1979 | 5.22 % change on previous year | +9.7% |
| 1980 | 2.98 % change on previous year | -43.1% |
| 1981 | 3.85 % change on previous year | +29.5% |
| 1982 | 2.67 % change on previous year | -30.8% |
| 1983 | 4.38 % change on previous year | +64.1% |
| 1984 | 5.06 % change on previous year | +15.7% |
| 1985 | 4.76 % change on previous year | -6.0% |
| 1986 | 3.92 % change on previous year | -17.7% |
| 1987 | 6.05 % change on previous year | +54.3% |
| 1988 | 6.81 % change on previous year | +12.6% |
| 1989 | 4.7 % change on previous year | -30.9% |
| 1990 | 6.25 % change on previous year | +32.8% |
| 1991 | 6.35 % change on previous year | +1.7% |
| 1992 | 4.63 % change on previous year | -27.1% |
| 1993 | 3.99 % change on previous year | -14.0% |
| 1994 | 4.42 % change on previous year | +10.9% |
| 1995 | 5.56 % change on previous year | +25.8% |
| 1996 | 6.04 % change on previous year | +8.6% |
| 1997 | 4.28 % change on previous year | -29.0% |
| 1998 | 1.12 % change on previous year | -73.9% |
| 1999 | 3.64 % change on previous year | +225.4% |
| 2000 | 5.6 % change on previous year | +54.1% |
| 2001 | 3.17 % change on previous year | -43.4% |
| 2002 | 4.18 % change on previous year | +31.6% |
| 2003 | 5.32 % change on previous year | +27.4% |
| 2004 | 6.65 % change on previous year | +24.9% |
| 2005 | 6.38 % change on previous year | -4.0% |
| 2006 | 6.99 % change on previous year | +9.6% |
| 2007 | 7.55 % change on previous year | +8.1% |
| 2008 | 4.49 % change on previous year | -40.5% |
| 2009 | 2.78 % change on previous year | -38.2% |
| 2010 | 7.76 % change on previous year | +179.3% |
| 2011 | 5.99 % change on previous year | -22.7% |
| 2012 | 5.09 % change on previous year | -15.1% |
| 2013 | 5.4 % change on previous year | +6.1% |
| 2014 | 4.95 % change on previous year | -8.4% |
| 2015 | 5.01 % change on previous year | +1.3% |
| 2016 | 5.09 % change on previous year | +1.6% |
| 2017 | 5.1 % change on previous year | +0.3% |
| 2018 | 4.75 % change on previous year | -7.0% |
| 2019 | 3.73 % change on previous year | -21.4% |
| 2020 | -0.8929 % change on previous year | -123.9% |
| 2021 | 6.78 % change on previous year | -859.2% |
| 2022 | 3.58 % change on previous year | -47.2% |
| 2023 | 4.32 % change on previous year | +20.8% |
| 2024 | 3.51 % change on previous year | -18.7% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value US$, 2015 prices, annual growth rate in Asia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | +859.2% | -0.8929 % change on previous year | 6.78 % change on previous year |
| 1999 | +225.4% | 1.12 % change on previous year | 3.64 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.4 % change on previous year | 2.29 % change on previous year | 8.2 % change on previous year | 9 |
| 1980s | 4.52 % change on previous year | 2.67 % change on previous year | 6.81 % change on previous year | 10 |
| 1990s | 4.63 % change on previous year | 1.12 % change on previous year | 6.35 % change on previous year | 10 |
| 2000s | 5.31 % change on previous year | 2.78 % change on previous year | 7.55 % change on previous year | 10 |
| 2010s | 5.29 % change on previous year | 3.73 % change on previous year | 7.76 % change on previous year | 10 |
| 2020s | 3.46 % change on previous year | -0.8929 % change on previous year | 6.78 % change on previous year | 5 |
Countries ranked near Asia
- 6 China, Macao SAR 8.81 % change on previous year compare
- 7 Niger 8.42 % change on previous year compare
- 8 USSR 8.42 % change on previous year compare
- 9 Tajikistan 8.4 % change on previous year compare
- 10 Belize 8.15 % change on previous year compare
- 11 Benin 7.45 % change on previous year compare
- 12 Ethiopia 7.32 % change on previous year compare
More economy & growth data for Asia
- Gross Fixed Capital Formation — Value US$ 13.40 million million USD (2024)
- Gross Domestic Product — Value US$ 39.74 million million USD (2024)
- Gross Domestic Product — Value US$ per capita 8,307 USD (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 7,873 USD (2024)
- Gross Domestic Product — Value US$, 2015 prices 37.66 million million USD (2024)
- Gross Domestic Product — Annual growth US$ 5.54 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 4.9 % (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 3.51 % (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 2.88 % (2024)
- Gross Domestic Product — Value US$, annual growth rate 5.54 % change on previous year (2024)
Frequently asked questions
- What is gross domestic product — value us$, 2015 prices, annual growth rate in Asia?
- Gross domestic product — value us$, 2015 prices, annual growth rate in Asia was 3.51 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value us$, 2015 prices, annual growth rate recorded in Asia?
- The highest recorded value was 8.2 % change on previous year in 1973.
- What is the lowest gross domestic product — value us$, 2015 prices, annual growth rate recorded in Asia?
- The lowest recorded value was -0.8929 % change on previous year in 2020.
- How does Asia rank for gross domestic product — value us$, 2015 prices, annual growth rate?
- Asia ranks 9th out of 30 groups with data for 2024.
- Is gross domestic product — value us$, 2015 prices, annual growth rate rising or falling in Asia?
- Over the last ten years it is down 29.0%. The long-run trend across the full record is falling.
- Where does this Asia data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value US$, 2015 prices, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross Domestic Product — Value US$, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value US$, 2015 prices Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross Domestic Product — Value US$, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.