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ADB Forecasts Developing Asia's Economy to Grow 4.9% in 2024

Developing economies in Asia and the Pacific are forecast to expand by 4.9% on average this year as the region continues its resilient growth amid robust domestic demand, improving semiconductor exports, and recovering tourism.

Photo: Asian Development Bank

ADB Passes Half-Way Mark in $14 Billion Food Security Commitment

ADB is on schedule to deliver its commitment to invest $14 billion by 2025 to improve food security and support measures to ease the food crisis in Asia and the Pacific.

Simultaneously, the Asia and the Pacific Food Security Forum 2024 is being held to discuss actions to ease a worsening food crisis in the region, and to improve long-term food security by strengthening food systems against the impacts of climate change and biodiversity loss among stakeholders in Asia and the Pacific.


Data and Statistics   ADB's Data and Statistics

Data and statistical analysis in the Asia and Pacific region contributes to knowledge generation in ADB, helping strengthen its institutional priorities and operational effectiveness in its developing member countries.

The Challenges of High Rice Prices

Benchmark Thai rice prices soared from an average of $467/metric ton (mt) in December 2022 to $660/mt by January 2024, a substantial 41.3% increase. Despite a slight drop to $613/mt in March, prices remain, 29% higher than a year ago. The last time average monthly rice prices surpassed this level was in September 2008. The 2008 spike was driven by a range of factors including export restrictions imposed by major rice-exporting nations and panic buying by rice-importing countries. A similar set of drivers is also currently shaping rice price dynamics. Addressing this multifaceted issue requires interventions such as promoting integrated sustainable rice production, encouraging crop diversification, investing in modern and innovative agricultural technology and infrastructure, and fostering international collaboration.

  ADB Data Library

The ADB Data Library is the central store for all of ADB's public data. Browse data, view visualizations and interact with APIs.

  Key Indicators Database (KIDB)

KIDB is ADB's central statistical database for macroeconomic and social indicators from across Asia and the Pacific.


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