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Economic Indicators For: Newly industrialized Asian Economies › Change country
Countries in this region: Hong Kong, Korea, Singapore, Taiwan

Overview: Economic growth in Asia over the last few decades has been momentous, changing the global balance of power and lifting tens of millions out of poverty. Newly Industrialized Asian Economies is a group that excludes Japan, which industrialized in the last century, but includes the two awakening giants of China and India, and the Tiger economies such as Taiwan, South Korea, Singapore, Malaysia, Indonesia, Thailand and Vietnam.

Sources: International Monetary Fund (IMF)

GDP Growth (Constant Prices, National Currency) for Newly industrialized Asian Economies in year 1996 is 6.383 %. Annual percentages of constant price GDP are year-on-year changes; the base year is country-specific.

GDP (Current Prices, US Dollars) for Newly industrialized Asian Economies in year 1996 is US$ 1,115.08 Billion. Values are based upon GDP in national currency and the exchange rate projections provided by country economists for the group of other emerging market and developing countries. Exchanges rates for advanced economies are established in the WEO assumptions.

GDP Deflator for Newly industrialized Asian Economies in year 1996 is 94.634 (Index, Base Year as per country's accounts = 100). The GDP deflator is derived by dividing current price GDP by constant price GDP and is considered to be an alternate measure of inflation. Please note: Data are expressed in the base year of each country's national accounts.

GDP (PPP), US Dollars for Newly industrialized Asian Economies in year 1996 is US$ 1,203.64 Billion. Gross domestic product based on purchasing-power-parity (PPP) valuation of country GDP. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites.

GDP Per Capita (PPP), US Dollars for Newly industrialized Asian Economies in year 1996 is US$ 15,568.46 . Gross domestic product based on purchasing-power-parity (PPP) per capita GDP. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites.

GDP Share of World Total (PPP) for Newly industrialized Asian Economies in year 1996 is 3.521 %. Gross domestic product based on purchasing-power-parity (PPP) share of world total. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites.

Investment (% of GDP) for Newly industrialized Asian Economies in year 1996 is 33.063 %. Data are based on individual countries' national accounts statistics. For many countries, the estimates of national saving are built up from national accounts data on gross domestic investment and from balance of payments-based data on net foreign investment.

Gross National Savings (% of GDP) for Newly industrialized Asian Economies in year 1996 is 33.251 %. Data are based on individual countries' national accounts statistics. For many countries, the estimates of national saving are built up from national accounts data on gross domestic investment and from balance of payments-based data on net foreign investment.

Inflation (Average Consumer Price Change %) for Newly industrialized Asian Economies in year 1996 is 4.27 %. Data for inflation are averages for the year, not end-of-period data.

Inflation (End of Year Change %) for Newly industrialized Asian Economies in year 1996 is 4.213 %. Data for inflation are end of the period, not annual average data.

Import Volume of All Items Including Goods and Services (Percent Change) for Newly industrialized Asian Economies in year 1996 is 8.452 %.

Import Volumes of Goods Only (Percent Change) for Newly industrialized Asian Economies in year 1996 is 8.355 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Newly industrialized Asian Economies in year 1996 is 8.27 %.

Export Volumes of Goods Only (Percent Change) for Newly industrialized Asian Economies in year 1996 is 9.152 %.

Terms of Trade of All Items Including Services and Goods (Percent Change) for Newly industrialized Asian Economies in year 1996 is -0.218 %.

Terms of Trade of Goods (Percent Change) for Newly industrialized Asian Economies in year 1996 is -1.334 %.

Unemployment Rate (% of Labour Force) for Newly industrialized Asian Economies in year 1996 is 2.244 %.

Employment for Newly industrialized Asian Economies in year 1996 is 96.283 Million .

General government revenue (% of GDP) for Newly industrialized Asian Economies in year 1996 is 20.496 %. Revenue consists of taxes, social contributions, grants receivable, and other revenue. Revenue increases government?s net worth, which is the difference between its assets and liabilities (GFSM 2001, paragraph 4.20). Note: Transactions that merely change the composition of the balance sheet do not change the net worth position, for example, proceeds from sales of nonfinancial and financial assets or incurrence of liabilities.

General government total expenditure (% of GDP) for Newly industrialized Asian Economies in year 1996 is 19.322 %. Total expenditure consists of total expense and the net acquisition of nonfinancial assets. Note: Apart from being on an accrual basis, total expenditure differs from the GFSM 1986 definition of total expenditure in the sense that it also takes the disposals of nonfinancial assets into account.

Total Government Net Lending/ Borrowing (% of GDP) for Newly industrialized Asian Economies in year 1996 is 1.174 %.

Total Government Gross Debt (% of GDP) for Newly industrialized Asian Economies in year 1996 is n/a %. Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110).

Current Account Balance (US Dollars) for Newly industrialized Asian Economies in year 1996 is US$ -2.031 Billion. Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income.

Current Account Balance (% GDP) for Newly industrialized Asian Economies in year 1996 is -0.182 %. Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income.

Imports of Goods and Services (US Dollars) for Newly industrialized Asian Economies in year 1996 is US$ -676.63 Billions.

Exports of Goods and Services (US Dollars) for Newly industrialized Asian Economies in year 1996 is US$ 676.618 Billions.