East Asia & Pacific (IDA & IBRD countries) | 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 (IDA & IBRD countries)
Records
63
Source
East Asia & Pacific (IDA & IBRD countries) | GDP (current US$)
1960 80911608954.487
1961 71369633800.954
1962 65176021558.855
1963 70511435007.395
1964 81386349482.751
1965 94785047708.444
1966 103660508732.12
1967 100730137280.18
1968 101931885333.33
1969 114393990287.83
1970 127001340199.26
1971 136588746187.87
1972 154903886213.83
1973 194917492496.53
1974 220680062228.99
1975 247676641635.42
1976 251810418534.99
1977 290442692872.47
1978 353500246204.14
1979 415284953507.98
1980 496343317295.53
1981 499647851491.16
1982 504493686882.61
1983 519430824170.31
1984 535437842811.72
1985 525937983887.2
1986 523872370537.86
1987 572424015653.47
1988 670392652027.03
1989 730457643223.58
1990 699931258166.73
1991 752432351747.37
1992 876266386396.82
1993 1063972475369.8
1994 1070596761938.3
1995 1320494506325.4
1996 1516559018018.3
1997 1568778371281.8
1998 1431500901662.6
1999 1576186529001.3
2000 1734113865557.2
2001 1844967780095.9
2002 2041967134708.2
2003 2311121145269.9
2004 2679749403398
2005 3104002019660.1
2006 3738289871387
2007 4726056492626.1
2008 5979810899729.6
2009 6483330322061.3
2010 7890849701684.8
2011 9638828252887.7
2012 10746699916765
2013 11855460858548
2014 12784356235859
2015 13306939164822
2016 13597778727369
2017 14862792217017
2018 16619858519558
2019 17192007435431
2020 17465796008752
2021 20813163295456
2022 21167325456079

East Asia & Pacific (IDA & IBRD countries) | 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 (IDA & IBRD countries)
Records
63
Source