East Asia: Economy | Asian Development Bank

East Asia: Economy

East Asia economic data and statistics from the latest Asian Development Outlook are highlighted on this page.

Economic developments were remarkably similar across East Asia in the first half of 2017. Subregional growth accelerated on higher exports and rising business sentiment that lifted investment and consumption. Inflation paused, and the current account weakened. In 2017 and 2018, East Asia’s growth rate will be higher than previously forecast as demand strengthens at home and abroad. Inflation will be lower on moderating food price increases, and the current account surplus will narrow further as surging imports outpace rising exports. Read more from Asian Development Outlook 2017 Update.

Economic forecasts for East Asian countries

Country 2017f 2018f
China, People's Republic of 6.7 6.4
Hong Kong, China 3.6 3.2
Korea, Republic of 2.8 2.8
Mongolia 4.0 3.0
Taipei,China 2.0 2.2
Average 6.0 5.8
Country 2017f 2018f
China, People's Republic of 1.7 2.4
Hong Kong, China 1.7 1.8
Korea, Republic of 1.8 1.9
Mongolia 3.0 3.4
Taipei,China 1.1 1.2
Average 1.7 2.3
Country 2017f 2018f
China, People's Republic of 1.4 1.2
Hong Kong, China 2.9 2.9
Korea, Republic of 5.0 5.0
Mongolia –6.4 –8.5
Taipei,China 6.8 6.5
Average 2.0 1.8

f = forecast number.

Source: Asian Development Outlook 2017 Update