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Given global growth has likely peaked, forecasters have broadly sided with the view shared by many top central bankers that the recent surge in inflation will be transitory, even though their forecasts are drifting higher.
This video shows the GDP ranking history of the Asian continent countries so that the richest countries in the Asia GDP history from 1960 to 2020 based on current USD. The top countries are changing in time.
Gross Domestic Product (GDP) is a monetary measure of the market value of all the final services and goods produced in a country at a specific time period. GDP is often used as a metric for international comparisons as well as a broad measure of economic progress. It is often considered to be the "world's most powerful statistical indicator of national development and progress".
The economy of Asia is the fastest growing continental economy and also the largest continental economy in terms of GDP (PPP). The economy comprises of over 4.4 billion people living in the 48 nations of the continent. The wealth of the continent is unequally distributed both within and between the countries of Asia. Here, we present the wealthiest economies in Asia in terms of GDP per capita.
Created By AfDBGroup on Vimeo.
The African Development Bank says African growth will rebound this year, recovering from its first recession in 50 years. In its flagship African Economic Outlook report, Africa’s biggest development bank noted tourism dependent economies, oil exporters and resource rich nations had been the hardest hit by the pandemic.