The History of Economy (GDP) Growth in Asia (1960-2022)

The video shows the timelapse of GDP growth rate in Asia from 1960 to 2022. The GDP growth rate compares the year-over-year (or quarterly) change in a country's economic output to measure how fast an economy is growing. Gross domestic product (GDP) is the standard measure of the value added created through the production of goods and services in a country during a certain period. As such, it also measures the income earned from that production, or the total amount spent on final goods and services (less imports). GDP per capita is gross domestic product divided by midyear population. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant local currency.

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Source:
World Bank & IMF

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