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Economy of South Asia information


Economy of South Asia
Statistics
Population2 billion[1][2]
GDP
  • $5.04 trillion (nominal; 2024)[3]
  • $18.05 trillion (PPP; 2024)[3]
GDP growth
5.9% (2024 est.)[4]
GDP per capita
  • $2,650 (nominal; 2024)[3]
  • $9,470 (PPP; 2024)[3]
Inflation (CPI)
7.2% (2022)[3]
Unemployment7% (2022)[3]
Public finances
Government debt
78.8% of GDP (2023 est.)[3]
Most numbers are from the International Monetary Fund. IMF South Asia Datasets

All values, unless otherwise stated, are in US dollars.
Development of GDP per capita of economies in South Asia

The economy of South Asia comprises 2 billion people (25% of the world population) living in eight countries (though Afghanistan is sometimes excluded).[5][6] The Indian subcontinent was historically one of the richest regions in the world, comprising 25% of world GDP as recently as 1700,[7][8] but experienced significant de-industrialisation and a doubling of extreme poverty during the colonial era of the late 18th to mid-20th century.[9] In the post-colonial era, South Asia has grown significantly, with India advancing because of economic liberalisation from the 1980s onwards,[10] and extreme poverty now below 15% in the region.[11] South Asia has been the fastest-growing region of the world since 2014.[12]

  1. ^ "World Population Prospects 2022". United Nations Department of Economic and Social Affairs, Population Division. Retrieved July 17, 2022.
  2. ^ "World Population Prospects 2022: Demographic indicators by region, subregion and country, annually for 1950-2100" (XSLX) ("Total Population, as of 1 July (thousands)"). United Nations Department of Economic and Social Affairs, Population Division. Retrieved July 17, 2022.
  3. ^ a b c d e f g "World Bank Open Data". World Bank Open Data. Retrieved 2023-09-04.
  4. ^ "Overview". World Bank. Retrieved 2023-09-04.
  5. ^ Slater, Joanna; Masih, Niha (2020-03-19). "Home to nearly 2 billion people, South Asia could be the next coronavirus hot spot". The Washington Post. ISSN 0190-8286. Retrieved 2023-09-04.
  6. ^ Hanif, Melanie (2010). "Indian Involvement in Afghanistan in the Context of the South Asian Security System". Journal of Strategic Security. 3 (2): 13–26. ISSN 1944-0464.
  7. ^ Chakravarty, Capital Account | Manas (2010-08-25). "World history by per capita GDP". mint. Retrieved 2023-09-04.
  8. ^ "How the British influenced Indian culture". Dawn. 2010-06-06. Retrieved 2023-10-04.
  9. ^ Sullivan, Dylan; Hickel, Jason. "How British colonialism killed 100 million Indians in 40 years". Al Jazeera. Retrieved 2023-09-04.
  10. ^ "25 years of liberalisation: A glimpse of India's growth in 14 charts". Firstpost. 2016-07-07. Retrieved 2023-09-04.
  11. ^ South Asia https://databankfiles.worldbank.org/
  12. ^ "How South Asia can continue as world's fastest growing subregion - Lei Lei Song". Asian Development Bank. 2019-08-02. Retrieved 2023-09-04.

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