East Asia & Pacific | 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
Records
63
Source
East Asia & Pacific | GDP (current US$)
154531117498.85 1960
155127329777.05 1961
158343678297.95 1962
176591740764.43 1963
202562423066.16 1964
225488669971.23 1965
251973597080.54 1966
273161617537.02 1967
301107124936.33 1968
346736994547.53 1969
413453241726.74 1970
458922270374.23 1971
569888244632.69 1972
751253809753.24 1973
865270508011.1 1974
946981108642.51 1975
1041522827811.6 1976
1241411064805.2 1977
1638378937430.3 1978
1789114467940.7 1979
1956050522366.9 1980
2122690614910.9 1981
2066221743484.4 1982
2190091680061.6 1983
2317598624736 1984
2388199816977.6 1985
3123521291594.5 1986
3722067437665.1 1987
4504813026702.2 1988
4699843182591 1989
4825135527454.9 1990
5442893719943.4 1991
5983315055353.1 1992
6794132980257.3 1993
7404462060279 1994
8407703049147.3 1995
8101522614539.1 1996
7743791381646.7 1997
6931652345852.7 1998
7743499881489.5 1999
8377349540465.2 2000
7789508076035.1 2001
7912757790984.2 2002
8702207399274.6 2003
9758433473126.8 2004
10411317309555 2005
11034808224299 2006
12331154735963 2007
14220141864724 2008
14630626964216 2009
17078044883355 2010
19796911407672 2011
21174153362041 2012
21411260037373 2013
22089565874969 2014
21995286337606 2015
22775818467017 2016
24329068203247 2017
26487849774770 2018
27032674446876 2019
27148447173104 2020
31112165534855 2021
30688235798301 2022
East Asia & Pacific | 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
Records
63
Source