Table A.1. Real GDP growth in ASEAN, China and India, 2020-23
Annual percentage change
2020
2021
2022
2023
ASEAN-5
Indonesia
-2.1
3.7
5.2
5.1
Malaysia
-5.7
3.1
6.0
5.5
Philippines
-9.6
5.6
7.0
6.1
Thailand
-6.2
1.6
3.8
4.4
Viet Nam
2.9
2.6
6.5
6.9
Brunei Darussalam and Singapore
Brunei Darussalam
1.1
0.5
3.5
3.0
Singapore
-4.1
7.6
4.0
3.0
CLM countries
Cambodia
-3.2
2.8
5.6
6.3
Lao PDR
3.3
2.5
4.6
4.9
Myanmar
3.2
-18.6
-0.3
3.3
China and India
China
2.4
8.1
5.1
5.1
India
-7.3
9.4
8.1
5.5
Average of ASEAN-10
-3.2
3.0
5.2
5.2
Average of Emerging Asia
-0.8
7.4
5.8
5.2
Note: Data are as of 7 March 2022. Data for India and Myanmar relate to fiscal years. The 2021 actual figures for China, Indonesia, Malaysia, the Philippines, Singapore, Thailand and Viet Nam are based on national sources. The 2022 and 2023 projections for China, Indonesia, and India, as well as the 2021 projections for India, are based on the OECD Economic Outlook No. 110.
Table A.2. Current account balances of ASEAN, China and India, 2020-23
Percentage of GDP
2020
2021
2022
2023
ASEAN-5
Indonesia
-0.4
1.2
1.2
0.5
Malaysia
4.2
3.7
3.5
3.5
Philippines
3.6
-0.2
-2.0
-1.8
Thailand
3.5
-1.1
1.5
2.4
Viet Nam
3.7
1.6
2.8
2.8
Brunei Darussalam and Singapore
Brunei Darussalam
4.5
4.0
5.7
6.2
Singapore
17.6
18.1
14.1
13.9
CLM countries
Cambodia
-12.1
-20.1
-14.6
-9.9
Lao PDR
-4.5
-6.1
-6.8
-6.1
Myanmar
-3.4
-1.0
-0.9
-0.9
China and India
China
1.9
2.2
1.5
1.5
India
0.9
-0.6
-1.6
-2.1
Average of ASEAN-10
2.6
1.9
2.0
1.9
Average of Emerging Asia
1.8
1.5
0.9
0.8
Note: Data are as of 7 March 2022. Weighted averages are used for the ASEAN and Emerging Asia averages. Data for India and Myanmar relate to fiscal years. The 2020 actual figures are based on national sources and the IMF World Economic Outlook database. The 2021, 2022 and 2023 projections for China, India and Indonesia are based on the OECD Economic Outlook No. 110.
