Economy of South Asia
From Wikipedia, the free encyclopedia
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]
Quick Facts Statistics, Population ...
Statistics | |
---|---|
Population | 2 billion[1][2] |
GDP | |
GDP growth | 5.9% (2024 est.)[4] |
GDP per capita | |
7.2% (2022)[3] | |
Unemployment | 7% (2022)[3] |
Public finances | |
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. |
Close