GDP growth rate East Asia 2017-2024, by country
The growth rate of the real gross domestic product (GDP) in Mongolia amounted to 4.8 percent in 2022. China had the second-highest year-over-year change in East Asia at three percent that year. Overall, the GDP growth rates of all East Asian countries and territories slowed down significantly in 2022, with the exception of Mongolia, whose real GDP growth rate rose from 1.6 percent in 2021 to 4.8 in 2022.
This regional slow down in GDP growth is attributable to several factors such as recurring coronavirus lockdowns, global inflation, and the ongoing Russia-Ukraine war.
This regional slow down in GDP growth is attributable to several factors such as recurring coronavirus lockdowns, global inflation, and the ongoing Russia-Ukraine war.
