east asia and pacific countries world bank

The World Bank on Tuesday said developing economies in East Asia and the Pacific (EAP) recovering from trade tensions and struggling with COVID-19, now face the prospect of a … World Bank national accounts data, and OECD National Accounts data files. The decline has been broad-based reflecting the interconnectedness of the EAP economies and reverberations from the global economy as the virus turned into a pandemic. The share of immigrants in Western and Eastern Europe has increased rapidly over the past four decades. Today, one of every three immigrants in the world goes to Europe. A gateway to the archival records of the World Bank Group. Tapping into a broad range of perspectives strengthens the outcomes and accountability of our engagement and helps build enduring partnerships. The World Bank says economic growth in the East Asia Pacific region will grow moderately this year and next, due to China's changing economy and possible weaker demand in the overall global economy. Today, IDA is one of the largest sources of assistance for the world’s 79 poorest countries and the largest single source of donor funds for basic social services in these countries. Analyzes the economic impact of international migration in East Asia and the Pacific (EAP) on the Republic of Korea, Malaysia, Singapore, and Thailand showing positive macroeconomic effects through raising the gross domestic product. The study reviews the experience in the EU8 countries of the emergence of private higher education institutions and introduction of fees for student who do not gain regular admission. And East Asia and the Pacific can maintain its rightful place as one of the world’s most dynamic, innovative, and interconnected regions. The increasing internationalization of supply chains is challenging our interpretation of conventional trade statistics, as traditional concepts such as country of origin or the distinction between goods and services become blurred. The World Bank and the ADB are now focusing on concessional lending and knowledge sharing with low-income countries, leaving an important niche to be filled by a new financial institution. The region is expected to remain the fastest growing in the world. This book is a history of the Asian Development Bank (ADB), a multilateral development bank established 50 years ago to serve Asia and the Pacific. East Asia & Pacific had a total export of 6,008,830,193.05 in thousands of US$ and total imports of 5,529,166,924.21 in thousands of US$ leading to a positive trade balance of 479,663,268.84 in thousands of US$ The Effectively Applied Tariff Weighted Average (customs duty) for East Asia & Pacific is 2.04% and the Most Favored Nation (MFN) Weighted Average tariff is 4.26%. World Bank national accounts data, and OECD National Accounts data files. "The Index benchmarks national gender gaps on economic, political, education- and health-based criteria, and provides country rankings that allow for effective comparisons across regions and income groups, over time"--Page 3. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. In 2021, the region’s economy is expected to resume expansion at 3.4 percent, weaker than the 6 percent for the rest of the world… With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. The rankings are determined by sorting the aggregate scores on 10 topics, each consisting of several indicators, giving equal weight to each topic. This report states that the future of East Asian countries depends on the capacity and performance of local and provincial governments. Primary tabs. 2 Analysis by the International Monetary Fund (IMF) and the Asian Development Bank (ADB) show a similar picture. EAST ASIA AND PACIFIC ECONOMIC UPDATE. Middle East and North Africa Data Book. World Bank East Asia and Pacific Economic Update, October 2018 : Navigating Uncertainty World Bank (2018-10-03) Growth in developing East Asia and Pacific (EAP) was resilient during the first half of 2018. Developing EAP grew slightly faster than anticipated in 2017. Toward Gender Equality in East Asia and the Pacific examines the relationship between gender equality and development and outlines an agenda for public action to promote more effective and inclusive development in East Asian and Pacific ... This site uses cookies to optimize functionality and give you the best possible experience. A 2014 publication by Asian Development Bank (ADB) showed that, for the 20 countries in Asia and the Pacific with available data during 2011–2014, on 2 Poverty continues to decline, but over a quarter of population remains economically insecure. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm. East Asia and Pacific has the highest prevalence of smoking among men, but one of the lowest among women data. The coastlines in and around Asia altogether have a lentgh of 220,266 km. In this edition, the report notes that the region is expected to contribute almost 40 percent of global growth in 2012, and a similar share in 2013. It assists its members and partners by providing loans, technical assistance, grants, and equity investments to promote social and economic development. We fund thousands of develoment projects, offer aid during emergencies, and invest in private sector. The Asian Development Bank (ADB) is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. The COVID-19 shock is creating a class of ‘new poor’ across East Asia and the Pacific with 38 million … View international trade statistics by country or region to obtain the following (i) country or region's overall exports, imports and tariffs (i) details of exports and imports with various partner countries along with partner share and Most Favored Nation (MFN) and Effective Applied Tariff (AHS) tariffs imposed. A gateway to the archival records of the World Bank Group. Source: World Development Indicators, The World Bank ... East Asia & Pacific. Regional Economic Outlook for Sub-Saharan Africa, April 2021 April 15, 2021 Description: Despite turning out better than expected, growth in 2020 is estimated to be the worst on record, at –1.9 percent, leading to a large increase in poverty. Asia-Pacific will also be responsible for the overwhelming majority (90%) of the 2.4 billion new members of the middle class entering the global economy. Gross domestic product (GDP) growth rates for ADB's developing member countries. Recent developments: Growth in developing East Asia and Pacific strengthened slightly in 2017 to 6.4 percent from 6.3 percent in 2016. Figures and forecasts are as of ADB's Asian Development Outlook (ADO) 2020, released in April 2021. Growth in the region, however, will be at a slightly lower rate. International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme. Geography 52. Economy 3376. For example, in Indonesia, Thailand, and Vietnam, road injuries were among the five leading causes of health loss. SINGAPORE (ICIS)--Economic growth in east Asia and the Pacific is projected at 7.4% in 2021, reversing an estimated contraction of 0.9% in 2020, led by a strong rebound in China, the World Bank said late on Tuesday. Graph, map and compare more than 1,000 time series indicators from the World Development Indicators. Found insideIn the past 6 months, developing East Asia and Pacific has faced a challenging external environment, but growth has generally remained resilient. Up to 38 million people in East Asian and Pacific countries will be … GDP growth (annual %) - East Asia & Pacific (excluding high income) World Bank national accounts data, and OECD National Accounts data files. World. Found insideCollects together data compiled from 177 World Health Organization Member States/Countries on mental health care. Found insideCo-produced by the Asian Development Bank, the Japan Bank for International Co-operation and the World Bank, this publication examines the challenges of infrastructure development facing the countries of East Asia, driven by their rapid ... The rankings for all economies are benchmarked to May 2019. Browse and search archival descriptions and access digitized archival records. This volume examines the framework conditions for integrating climate change adaptation measures into agriculture, water, and natural resources management activities for the Asia and Pacific region. Proceeds of the US$50 million green bond are going to projects to help build up Fiji’s resilience to climate impacts. Without immediate action to combat climate change, rising sea levels, water scarcity and declining crop productivity could force 216 million people to migrate within their own countries by 2050, the World Bank said in a new report on Monday. Highest values. About Consultations. on 11 July, 2019. To learn more about cookies, click here. The database, the full text of the report, and the underlying country-level data for all figures—along with the questionnaire, the survey methodology, and other relevant materials—are available at www.worldbank.org/globalfindex. World Bank trims East Asia, Pacific 2021 GDP forecast excluding China By Reuters. License : CC BY-4.0. This corresponds to a share of 30% of the habitable earth surface. Eligibility for IDA support depends first and foremost on a country’s relative poverty, defined as GNI per capita below an established threshold and updated annually. “We now estimate that almost a quarter of the population of developing East Asia and the Pacific lives below … East Asian policies that fostered economic growth, reduced poverty, and raised living standards are the main theme of this cogent overview. For instance, the World Bank downgraded East Asia and the Pacific’s regional growth outlook from an estimated 5.8% in 2019 to anywhere between 2.1% to -0.5% in 2020. Extreme poverty was expected to decline in Asia and the Pacific. To learn more about cookies, click here. Regional reports. Asia is the fastest growing economic region, as well as the largest continental economy by both GDP Nominal and PPP in the world. The Pacific island countries are following an employment trajectory different from the rest of the region. East Asia and Pacific. Business Pandemic to create millions of 'new poor' in East Asia: World Bank. The third-most populous country in the region and the fourth-most populous in the world is Indonesia, with over 273.5 million people. This is evident in the Asia-Pacific region, where decades of high growth have transformed the socioeconomic landscape - lifting a billion people out of extreme poverty and raising living standards of even greater numbers. Economic progress in East Asia and Pacific (EAP) has greatly contributed to the global reduction of extreme poverty. What a Waste 2.0: A Global Snapshot of Solid Waste Management to 2050 aggregates extensive solid aste data at the national and urban levels. It estimates and projects waste generation to 2030 and 2050. The region managed to post a 1.2% growth in 2020, largely thanks to China’s strong recovery in the second half of a pandemic-hit year. In 2020 Asia’s GDP will overtake the GDP of the rest of the world combined. The World Bank is a vital source of financial and technical assistance. By 2030, the region is expected to contribute roughly 60% of global growth. The Asian Development Bank (ADB) is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. The diverse countries and economies in the East Asia and Pacific region. The 47th edition of this series, includes the latest available economic, financial, social, and environmental indicators for the 48 regional members of the Asian Development Bank. Disaster Risk Management in East Asia and the Pacific Working Paper Series No. Similar values. In a nutshell, the outlook for the global economy has darkened, amid slowing activity and heightened downside risks. This book assesses whether East Asian higher education is providing research and innovation for growth and delivering its graduates with the skills necessary for productivity in the labor market. The World Bank is a vital source of financial and technical assistance. According to the World Bank’s most recent East Asia and Pacific Economic Update, Fiji’s economic growth contracted by 19 percent in 2020; one of the worst downturns in growth in the world, and the most severe in the country’s history. The countries of East Asia include China, Japan, North Korea, South Korea, and Mongolia (as well as Hong Kong, Macau, and Taiwan). External Contact Email: [email protected] This site uses cookies to optimize functionality and give you the best possible experience. While East Asia and the Pacific are projected to return to trend growth by late 2021, the recovery is expected to take longer in South Asia. The other, smaller island countries of Southeast Asia are Singapore, East Timor, and Brunei. The APAC region is home to some of the most populous countries. Also, you'll be glad to know that more than 35% of orders … Subregional Office for North and Central Asia 303 Bayzakov Street, Block A, UN Building. Also Working Paper PB98-02, Center for Pacific Basin Monetary and Economic Studies, Federal Reserve Bank of San Francisco. Found insideThe economic outlook for the developing EAP region remains positive, and will benefit from an improved external environment as well as strong domestic demand. World Bank East Asia and Pacific Economic Update. Regional GDP growth in 2020 is projected to fall to 0.5 percent—down from 5.9 percent in 2019, 5.2 percentage points below previous forecasts, and the lowest rate since 1967. Regional growth is expected to gradually recover during the second half of 2020 and return to around trend by late 2021. The SEAE1 unit is one of two ENB units in the East Asia and Pacific Region (EAP) and comprises about 40 staff, of whom about 70 The World Bank Updated: 2021-09-07T02:36:47Z Ongoing dialogue between the World Bank Group and stakeholders—government, civil society, media, academia and the private sector—is a critical aspect of our work. Recent developments: Growth in developing East Asia and Pacific strengthened slightly in 2017 to 6.4 percent from 6.3 percent in 2016. The pickup reflected better-than-expected external conditions—an expansion of global activity and trade, a recovery of commodity prices, and benign financing conditions. Regional growth is projected to slow sharply in 2020, to 0.5 percent—the lowest rate since 1967 —reflecting the impact of pandemic-related lockdowns, tighter financing conditions, and a deep contraction in exports. “As growth slows, so does the rate of poverty reduction,” said Victoria Kwakwa, World Bank Vice President for East Asia and the Pacific. 2010, VOLUME 2. Instead, it has increased due to the COVID-19 pandemic, a new report from the Asian Development Bank finds. Graph, map and compare more than 1,000 time series indicators from the World Development Indicators. None. Infrastructure is essential for development. As of January 2019, the collection includes 19 countries and 93 surveys. Innovation and technology absorption are now firmly recognized as one of the main sources of economic growth for emerging and advanced economies alike. To learn more about cookies, click here. We cultivate leading experts who share insight, research, and data with the development community. While the units responsible for World Bank lending and technical assistance have changed frequently in name and status since the Bank began operations in 1946, the East Asia and Pacific Region has been remained relatively constant. Sandor Karacsony is a senior economist at the World Bank, with a track record in research, policy advisory and operational work in Europe, Central Asia, the Middle East, Southeast Asia and the Pacific. The growth of regional GDP excluding China is forecast to remain stable in 2018, while China's GDP growth is expected to … Learn more about the World Bank's support for countries across the East Asia and Pacific region: Countries benefiting from the dedicated COVID-19 Fast-Track Facility. World Bank East Asia and Pacific Economic Update, April 2018 : Enhancing Potential. The World Bank estimates that, by 2016, ... region and is managed by the East Asia & Pacific Team for Statistical Development (EAPTSD). East Asia’s Changing Urban Landscape aims to address this problem by using satellite imagery and other data to measure urban expansion across the East Asia and Pacific region between 2000 and 2010. Agriculture 279. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. Radelet, Steven, and Jeffrey Sachs. The pandemic is not only keeping people in poverty, it is creating ‘new poor’—with the worst impacts among those working in the informal sector, or in hard-hit sectors such as tourism. “Asia’s Financial Crisis: Lessons and Policy Responses.” In Asia: Responding to Crisis. Inequality remains a concern. If you continue to navigate this website beyond this page, cookies will be placed on your browser. With 189 member countries, staff from more 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. Global Economic Prospects: East Asia and the Pacific. Sustainable Energy for All. This book analyzes and discerns some of the main trends driving economic relations between Asia and the Pacific. Found insideThis is the United Nations definitive report on the state of the world economy, providing global and regional economic outlook for 2020 and 2021. The CPIA rates countries against a set of 16 criteria grouped in four clusters: (i) economic management; (ii) structural policies; (iii) policies for social inclusion and equity; and (iv) public sector management and institutions. Our conceptualization of what poverty is in developing East Asia and Pacific should adapt as incomes and aspirations rise, and countries work on expanding their middle-class societies and transitioning to high-income status. 1998. Remaining challenges: Gender gaps in access to basic education remain in a few countries ; Maternal mortality remains high in lower-income and several Pacific countries. The World Bank announced April 7 that it projects continued stable economic growth for the East Asia Pacific region in 2014. This volume is a product of the staff of the International Bank for Reconstruction and Development/ The World Bank. Environment 212. Asia-Pacific will also be responsible for the overwhelming majority (90%) of the 2.4 billion new members of the middle class entering the global economy. As the World Bank’s October 2020 Economic Update for East Asia and the Pacific shows, the effects of this crisis are being felt widely by millions of people across the region. 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