Watch the video with Andrew Stotz or read a summary below. This post focuses on economic and population basics of five select markets in Asia.
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Majority of Countries in Asia Have Room to Grow GDP per Capita before Their Populations’ Age
Tiny Singapore and Hong Kong have the highest per capita GDP
- China’s per capita GDP is impressive given size
- India has opportunity to expand per capita GDP for decades
- Indonesia, Pakistan, and Bangladesh have big population
India Growing Twice as Fast as China
- India is growing twice as fast as China
- Above average growth in Afghanistan, Pakistan, and the Philippines
- Korea and Thailand have the slowest growth
- In Japan, population is shrinking
Youth Will Soon Drive India, Indonesia, Pakistan, and the Philippines. Lost Youth in Thailand
- China has the largest labor force, but India has more young people about to join
- Japan has the largest percentage of old folks
- Relatively rich Korea, Hong Kong, and Singapore are all facing aging population
- Less rich Thailand is at risk
India, Pakistan, and the Philippines Have an Abundance of Youth
- Thailand and Vietnam now have the largest share of the population in working age
- However, India, Pakistan, and the Philippines have a large share of young dependents to join the labor force in the future
Thailand and Vietnam Are Facing Aging Population
- Thailand and Vietnam are getting old, but not rich
- Unlike Japan which got rich and then old, moving its per capita GDP to a recent USD39,000
- Thailand only recently hit USD6,000, while Vietnam is at USD2,200
Banking Issues Faced by Both India and Pakistan with about a 10% NPL Ratio
- Philippine banking sector is in the best shape
- High, but stable non-performing loans in Pakistan
- India’s bad loans are rising fast
Only Thailand Is a Major Exporter
The Philippines has recently become very dependent on imports and has not matched that with exports or re-exports of imported products
Inflation and Unemployment Rate Are Very Low in Thailand
- Thailand has very low inflation and unemployment rate, Vietnam has low as well
- India has the highest inflation at almost 5%
- Pakistan and the Philippines have relatively high unemployment
