GDP growth rate South Asia 2015-2021, by country

In 2020, the GDP growth compared to the previous year was forecasted to be the highest in Bangladesh with 3.8 percent. Comparatively, the GDP in the Maldives was forecasted to decrease by 18.6 percent in 2020.

Economy in South Asia

In general, South Asia encompasses Sri Lanka, Pakistan, Afghanistan, Bangladesh, Nepal, India and Bhutan. In 2018, India had a GDP of over 2.87 U.S. dollars, while Bangladesh, and Sri Lanka followed behind. The Maldives and Nepal were among the countries with the lowest GDP in the Asia Pacific region. In South Asia, the main economic activity includes the services sector as well as the industrial and manufacturing sector.

Society in South Asia

From the South Asian countries Bangladesh had the highest share of people living below the poverty line. However, the Maldives and Sri Lanka appear to be the richer South Asian countries, exhibiting the highest and second highest GDP per capita among the South Asian countries.

Growth rate of real gross domestic product (GDP) of selected South Asian countries from 2015 to 2019 with forecasts from 2020 to 2021

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Source

Release date

October 2020

Region

Asia, APAC

Survey time period

2015 to 2018

Special properties

values compared to the previous year

Supplementary notes

* Projected.

** India’s data are reported on a fiscal year basis. Its fiscal year starts April 1 and ends March 31.
***Bangladesh's data are reported on a fiscal year basis. Its fiscal year starts July 1 and ends on June 30.

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