A key statistic in the report highlights how the region has become the biggest contributor to global gross domestic product (GDP), reaching a 34.9% share in 2019 from 26.3% in 2000
The Asian Development Bank (ADB) launched the latest edition of its annual statistical report for the region, "Key Indicators for Asia and the Pacific 2020" today.
They also published their updated online database of key indicators, according to a press release of ADB.
This year's key indicator presents a comprehensive set of economic, financial, social, and environmental indicators including which are related to SDG of the 49 regional members of ADB from 2000-2019.
A key statistic in the report highlights how the region has become the biggest contributor to global gross domestic product (GDP), reaching a 34.9% share in 2019 from 26.3% in 2000.
"The Asia and Pacific region has made tremendous development progress over the last two decades, becoming the biggest contributor to global GDP while lifting millions of people out of poverty," said Yasuyuki Sawada, chief economist of ADB.
"Timely and accurate data enable us to take stock of this progress and areas that require further improvement. Wide access to data, especially amid the coronavirus disease (Covid-19) pandemic, will continue to contribute to the region's progress on the path to more inclusive and sustainable development," he added.
The highlight showed the region's economies received more than one-third of total global direct investment in 2019, while the region's global export share increased to 36.5% in 2019 from 28.4% in 2000.
More than half of the reporting economies in the region recorded a GDP growth rate of 4% or higher in 2019.
Although, such growth is now threatened by Covid-19 with unemployment rising and income falling as lockdowns cause steep reductions in business operations and people's activities in general.
The report includes a special supplement looking at how the granularity of poverty estimates can be enhanced by integrating household surveys and censuses with data extracted from satellite imagery.
Key Indicators 2020 also presents:
- Updates on SDG indicators in Asia and the Pacific
- Regional trends and tables, including indicators across eight themes—people; economy and output; money, finance, and prices; globalization; transport and communications; energy and electricity; environment; and government and governance
- New analysis on trends in changes in developing Asia's global competitiveness in supplying various products, and updated data on global value chains; and
- Updated individual country tables for the 49 regional members of ADB.
The Key Indicators Database, first launched in September 2019, offers access to more than 1,100 statistical indicators from the year 2000 onwards in a user-friendly and accessible interface.