A STUDY OF ECONOMIC INDICATORS OF GROSS DOMESTIC PRODUCT ACROSS THE ASIAN COUNTRIES FOR THE PERIOD 2008-2009 TO 2020-2021
Author(s):
MANJULA D. VYAS, DR. CHANDRASHEKHAR D. DEORE
Keywords:
Asian Countries, Consumer Prices, Economic indicators, Nominal GDP, Real GDP.
Abstract
Asian Countries comprises of forty-nine different nations of the world. Asian countries are ahead of other countries in terms of Gross Domestic Product (GDP) nominal and Gross Domestic Product Purchasing Power Parity (PPP) in the world. Countries in the Asian region are fastest emergent nations in the world. GDP is the most important tool to find the growth of any country. It is a most commonly used methods for assessing economic progress of any country in the world. In simple terms, GDP shows the well-being of a country. GDP determines the stability and stage of development of a country. It also helps in categorizing the country into developed, developing or under-developed country category. Higher GDP indicates positive growth of a country whereas the lower GDP indicates the negative development of a country. Increasing GDP is a favorable situation and shows the improvement in the economy of a country. Whereas the fallen GDP shows that economic condition of a country is in trouble and need to take essential measures. The study is to understand the concept of Gross Domestic Product (GDP) of Asian Countries. Also, to study the trend of economic indicators of GDP that is Real GDP, Consumer Price and Current Account Balance of Asian Countries for the period 2008-2009 to 2020-2021.
Article Details
Unique Paper ID: 159018

Publication Volume & Issue: Volume 9, Issue 11

Page(s): 119 - 123
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