5 Fastest Growing Economies in Asia in 2024

In this article, we will look at the 5 fastest growing economies in Asia in 2024. If you want to read our detailed analysis, you can go directly to the 20 Fastest Growing Economies in Asia in 2024.   

5. Philippines

Real GDP Growth Rate (2024): 5.9%

GDP Per Capita Growth Rate (2024): 8.03%

The Philippines ranks as the 5th fastest growing economy in Asia in 2024. It is a Southeast Asian country with a real GDP growth rate of 5.9% and a GDP per capita growth rate of 8.03%.

4. Bangladesh

Real GDP Growth Rate (2024): 6%

GDP Per Capita Growth Rate (2024): 0.94%

Bangladesh is a South Asian country that ranks 4th on our list of 20 fastest growing economies in Asia in 2024. Its real GDP and GDP per capita are growing at 6% and 0.94% respectively.

3. Cambodia

Real GDP Growth Rate (2024): 6.1%

GDP Per Capita Growth Rate (2024): 6.34%

Cambodia, a Southeast Asian country, makes its way to the top 3 fastest growing economies in Asia in 2024. The country’s real GDP is growing at 6.1%, whereas it has a GDP per capita growth rate of 6.34%.

2. India

Real GDP Growth Rate (2024): 6.3%

GDP Per Capita Growth Rate (2024): 9.00%

Ranking 2nd on our list is India, a South Asian country that occupies the greater part of South Asia. It has a real GDP growth rate of 6.3% and a GDP per capita growth rate of 9.00%.

1. Macao Special Administrative Region of China

Real GDP Growth Rate (2024): 27.2%

GDP Per Capita Growth Rate (2024): 29.16%

Macao is the special administrative region of China and one of the fastest growing economies in Asia in 2024. Macao’s economy is booming with a real GDP growth rate of 27.2% and a GDP per capita growth rate of 29.16%. 

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