The latest marketing brochure from Aberdeen Asset Management has this interesting chart showing Asia GDP per capita levels in 1960 verses today:
The brochure went on to note that while China and India are experiencing leaps in growth, Asia’s smaller but equally robust economies are still part of this golden space:
From Indonesia, Malaysia, Singapore and South Korea to Thailand, Asian countries across the continent are getting wealthier, notably in major metropolitan areas. Urbanization in Asia is moving a massive population of better educated and higher earning citizens to cities and creating a thriving middle class. Take a look at Malaysia and South Korea as examples. Malaysia had $287 GDP per capita in 1960, saw that roughly quadruple by 1980 and in 2014, the country soared to $11, 387 GDP per capita. South Korea saw an even higher growth, growing from $92 GDP per capita in 1960 to $25,931 in 2014.
To read the whole article, The Sun Rises in the East – Be Early: Rise and Shine, go to the website of Aberdeen.
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