East Asia & Pacific (excluding high income) | GDP (current US$)
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 current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Limitations and exceptions: Gross domestic product (GDP), though widely tracked, may not always be the most relevant summary of aggregated economic performance for all economies, especially when production occurs at the expense of consuming capital stock. While GDP estimates based on the production approach are generally more reliable than estimates compiled from the income or expenditure side, different countries use different definitions, methods, and reporting standards. World Bank staff review the quality of national accounts data and sometimes make adjustments to improve consistency with international guidelines. Nevertheless, significant discrepancies remain between international standards and actual practice. Many statistical offices, especially those in developing countries, face severe limitations in the resources, time, training, and budgets required to produce reliable and comprehensive series of national accounts statistics. Among the difficulties faced by compilers of national accounts is the extent of unreported economic activity in the informal or secondary economy. In developing countries a large share of agricultural output is either not exchanged (because it is consumed within the household) or not exchanged for money. Statistical concept and methodology: Gross domestic product (GDP) represents the sum of value added by all its producers. Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production. The United Nations System of National Accounts calls for value added to be valued at either basic prices (excluding net taxes on products) or producer prices (including net taxes on products paid by producers but excluding sales or value added taxes). Both valuations exclude transport charges that are invoiced separately by producers. Total GDP is measured at purchaser prices. Value added by industry is normally measured at basic prices.
Publisher
The World Bank
Origin
East Asia & Pacific (excluding high income)
Records
63
Source
East Asia & Pacific (excluding high income) | GDP (current US$)
1960 81012790663.616
1961 71458883064.703
1962 65257525577.138
1963 70599611075.074
1964 81488124865.132
1965 94903578451.448
1966 103790138430.23
1967 100856102485.7
1968 102059353350.67
1969 114537042435.74
1970 127160158109.68
1971 136759553355.91
1972 155097596858.83
1973 195161241017.72
1974 220956027398.34
1975 247986366608.59
1976 252125312885.18
1977 290805897713.52
1978 353942305873.33
1979 415804276283.97
1980 496964005300.72
1981 500272671887.51
1982 505124567100.46
1983 520080383599.96
1984 536107419362.83
1985 526595680660.17
1986 524527484216.86
1987 573139844210.08
1988 671230992472.81
1989 731371096234.13
1990 700806537275.49
1991 753373284604.07
1992 877362176380.16
1993 1065302995858.9
1994 1071935566240.5
1995 1322145813137.5
1996 1518455507723.8
1997 1570740162412.9
1998 1433291024362.2
1999 1578157584193.2
2000 1736282412283.8
2001 1847274952029.4
2002 2044520658576.4
2003 2314011252023.5
2004 2683100487725.4
2005 3107883641018.9
2006 3742964683361.4
2007 4731966528028.2
2008 5987288782012.8
2009 6491437866223.5
2010 7900717379137
2011 9650874833463.7
2012 10760102571844
2013 11870263413708
2014 12800321230512
2015 13323575118311
2016 13614767442825
2017 14881358665109
2018 16640611153965
2019 17213484850176
2020 17487617929386
2021 20839170495754
2022 21193771562304
East Asia & Pacific (excluding high income) | GDP (current US$)
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 current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Limitations and exceptions: Gross domestic product (GDP), though widely tracked, may not always be the most relevant summary of aggregated economic performance for all economies, especially when production occurs at the expense of consuming capital stock. While GDP estimates based on the production approach are generally more reliable than estimates compiled from the income or expenditure side, different countries use different definitions, methods, and reporting standards. World Bank staff review the quality of national accounts data and sometimes make adjustments to improve consistency with international guidelines. Nevertheless, significant discrepancies remain between international standards and actual practice. Many statistical offices, especially those in developing countries, face severe limitations in the resources, time, training, and budgets required to produce reliable and comprehensive series of national accounts statistics. Among the difficulties faced by compilers of national accounts is the extent of unreported economic activity in the informal or secondary economy. In developing countries a large share of agricultural output is either not exchanged (because it is consumed within the household) or not exchanged for money. Statistical concept and methodology: Gross domestic product (GDP) represents the sum of value added by all its producers. Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production. The United Nations System of National Accounts calls for value added to be valued at either basic prices (excluding net taxes on products) or producer prices (including net taxes on products paid by producers but excluding sales or value added taxes). Both valuations exclude transport charges that are invoiced separately by producers. Total GDP is measured at purchaser prices. Value added by industry is normally measured at basic prices.
Publisher
The World Bank
Origin
East Asia & Pacific (excluding high income)
Records
63
Source