Youth Will Soon Drive India, Indonesia, Pakistan, and the Philippines
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.
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
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