South

KOREA
South Korea’s Growth
Rate
Contributing Factors
 Within services the most
important ones are:
 public administration (6%)
 education (5.3%);
 information and
communication (5%);
 business activities (4.6%of
GDP).
Contributing Factors
 A strong manufacturing industry which
has turned South Korea into a major
exporter accounts for 32 percent of GDP.
 Industries such as textile, wig making,
etc. were amongst the first to thrive.
 During the same period, South Korea
invested heavily in education. This
impetus on education created the next
generation workforce which was ready to
propel South Korean economy further
into prosperity.
Contributing Factors
 Korea became the 4th largest producer of
steel in the entire world.
 Korean companies started shipbuilding,
manufacturing automobiles, electronics,
etc.
 South Korea was now improving lives of
westerners with its cutting edge
technology and was fueling an export
driving economy in the process.
New Community Movement
 The Korean model of new community
movement was then launched to bridge the
divide between the urban and rural people.
 As per the new community movement, the
government would provide a fixed amount of
raw materials to all villages.
 This movement was a huge success and led
to improvement in infrastructure in rural
South Korea. Until today, it is considered to
be an epitome of how countries and regions
can beat shortage of resources to create
maximum development.
Si n g a p o re
Singapore’s Growth
Rate
 Contributing
 Factors
Within services the most
important segments are:
 wholesale and retail trade
(18% of the GDP)
 business services (16%)
 finance and insurance
(14%)
 transport storage (10%)
 information and
communications (5%)
Contributing
Factors
 Industry contributes the
remaining total output.
 Manufacturing
 Construction are the
most important
industry segments.
CHINA’S ECONOMIC GROWTH
China’s Economic Growth
China is the world’s largest manufacturing
economy and exporter of goods. It is also
the world’s fastest –growing consumer
market and second-largest importer of
goods.
The largest trading nation in the world and
plays a prominent role in international
trade.
China has been the fastest growing economy in the world
since the 1980’s, with an average annual growth rate of
10% from 1978 to 2005, based on government
statistics.
The second largest and strongest economy in the world
after United States of America.
GDP average from 1989-2019 is 9.36%
All time high – 15.40 (1993)
Low – 3.80 (1990)
2019 - 6 %
Factors that Affects China’s
Decelerating Economic Growth Rate
Deepening impact of the trade war
China’s addiction to lending
Vast automotive sector shrinks
Real estate sector levels off
Pigs die in vast numbers from swine fever
epidemic
China’s GDP Breakdown 2018
Primary Sector; 7.2

Secondary Sector; 40.7 Tertiary Sector; 52.2

CAMBODIA’S
ECONOMIC GROWTH
Cambodia’s Economic Growth
Over the past two decades, Cambodia has
undergone a significant transition, reaching
lower middle-income status in 2015 and
aspiring to attain upper middle-income
status by 2030.
Cambodia's economic growth is projected to
be highest in the Asean region despite
facing several challenges, the International
Monetary Fund (IMF) said.
2018 GDP – 7.50%
Average Growth Rate – 7.59% (1994-2018)
High – 13.30% in 2005
Low – 0.10% in 2009
Factors that Affects Cambodia’s
Economic Growth Rate
Garment exports
Tourism
Oil deposits
Agiculture
Indonesia’s Growth
Rate
• Faster growth in 2019 was due to stronger investments and net exports, lifted by
improved global trade, and the continued recovery in commodity prices. Public
investments also supported growth, with total government spending growing the
fastest in three years.

• The country is also a member of G20 and classified as a newly industrialized country.

It is the 16th largest economy in the world by nominal GDP and the 7th largest in
terms of GDP (PPP). Its GDP per capita ranks below the world average.

• Indonesia’s economic growth reached 5.02 percent in the third quarter, the lowest
level in more than two years, with investment failing to contribute to the economy,
which has been hit by a global economic slowdown driven by the trade war between
the United States and China.
Factors that affect Indonesia's Growth rate

 trade war between the United States and China

 lower imports of goods and services
 stronger investments and net export
 has a large private business groups play a significant role
Domestic Helper
Vietnam’s Growth Rate
Vietnam's gross domestic product expanded by 7.31 percent year-on-
year in the third quarter of 2019, following a marginally revised 6.73
percent growth in the previous quarter. This was the strongest GDP
growth rate since the fourth quarter last year, as output expanded
faster for industry and construction (10.05 percent vs 9.14 percent in
Q2) and services (7.11 percent vs 6.85 percent). Meanwhile,
agriculture, forestry and fisheries advanced softer (1.53 percent vs
2.04 percent in Q2). For the first three quarters of 2019, the economy
grew 6.98 percent. Vietnam targets an economic growth of between
6.6-6.8 percent this yea.
Factors that affect Vietnam's Growth rate
 Export-Led
Manufacturing
Information Technology
Oil Producer
weaker external demand and continued tightening of credit and fiscal
policies
robust exports and foreign investment delivering average economic
growth of 6.55 percent over the past five years.
MALAYSIA’S GROWTH
RATE
Malaysia GDP Growth Rate
Malaysia is a developing economy in Asia which, in recent years, has successfully
transformed from an exporter of raw materials into a diversified economy.
The largest sector of the economy is services, accounting for around 54 percent of
GDP.
Manufacturing sector has been growing in recent years and now accounts for 25
percent of GDP and more than 60 percent of total exports.
Mining and quarrying constitutes 9 percent of GDP and agriculture 9 percent.
Accelerated growth has been fueled by strengthening domestic demand,
improved labor market conditions, and wage growth, as well as improved
external demand for Malaysia’s manufactured products and commodity
exports. Capital expenditure has also increased due to higher private and
public investment.
HONGKONG’S GROWTH RATE
There is a slowdown in GDP growth.
Slowdown came from many components-uncertainties over the US-
CHINA trade war and sluggish external demand led to weaker
performance in external sectors.
Decelerating exports widened the overall trade deficit.
Hong Kong GDP Annual Growth Rate

In recent years, Hong Kong has become an international hub for business, trade and
finance importers willing to access the Chinese market.
 As such, the largest sector of the economy is services, which accounts for around 93
percent of GDP.
Within services, the most important are wholesale and retail trade (25 percent of
GDP);
public administration and social services (17 percent);
finance and insurance (16 percent);
Hong Kong's annual economic growth was revised lower to 0.5 percent
in the second quarter of 2019, compared with a preliminary reading of
0.6 percent. That was the weakest pace of expansion since a contraction
seen in the third quarter of 2009 amid ongoing trade tensions between
China and the US, and growing social unrest.
Hong Kong's economy grew 0.6 percent year-on-year in the second
quarter of 2019, the same pace as in the previous three-month period
but below market expectations of 1.6 percent, an advance estimate
showed.
On a seasonally adjusted quarterly basis, the economy shrank by 0.3
percent, compared with 1.3 percent expansion in the first quarter. The
government expects GDP growth of 2-3 percent this year, versus 3 percent
in 2018