1945

Growth and structural change

The Asia-Pacific region has been one of the fastest growing regions in the world since the 1970s. The region grew at more than 4% on average, compared with a global average of 3%, until the global financial and economic crisis hit in 2008. Between 1970 and 2012, the region’s real GDP rose from around $3 trillion to over $16 trillion. Similarly, real per capita income rose from $1,379 in 1970 to $3,947 in 2012.

Related Subject(s): Population and Demography
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