ľӰԺ’s latest economic outlook explores growth prospects for South Asia and provides analysis on how the region can benefit from the green energy transition.
Main Messages
Charts & Data
Output growth
Growth in South Asia is expected to exceed that in other emerging markets and developing economies (EMDEs), but much of this strength is attributable to India.
Sources: MPO (database); World Bank.
Note: The regional aggregate is weighted using annual U.S. dollar GDP (at average 2010-19 prices and market exchange rates).
Private investment
In South Asia, private investment makes up a smaller share of GDP than other EMDEs. Strong private investment is critical to boosting labor productivity and improving energy efficiency.
Sources: World Development Indicator (database); World Bank.
Note: EMDEs = emerging market and developing economies; SAR = South Asia Region. Figure shows private fixed investment as a share of GDP. "Latest data” refers to 2021.
Adaptation ratio
On average, adaptation strategies that leverage public goods and technologies are found to be the most effective at offsetting damage from climate shocks.
Source: Rexer and Sharma (2024); World Bank.
Note: Adaption ratio is the share of the damage from a climate shock that is offset by adaptation. The bars represent the mean adaptation ratios disaggregated by adaptation mechanism type. The yellow lines represent 95 percent confidence intervals. The total sample consists of 118 estimates from 52 papers included in the meta-analysis of adaptation in Rexer and Sharma (2024). Adaptation ratios measure the share of climate damage that is offset by climate adaptation. Technical details are explained in Rexer and Sharma (2024).
Employment ratio
Despite a rebound since 2020, South Asia's employment growth has fallen short of working-age population growth.
Sources: International Labour Organization; Penn World Tables (database); World Bank; World Development Indicators (database).
Note: Sample comprises 128 EMDEs. SAR here = Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka. Employment ratios are defined as employment in percent of the working-age population. Working-age population = persons aged between 15 and 64. Working-age population-weighted.
Blogs
News & Events
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Financial Times Apr 02, 2024
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Reuters Apr 02, 2024
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Al Jazeera Apr 02, 2024
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ADA DERANA Apr 04, 2024
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World Bank Live Apr 02, 2024
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CENTER FOR GLOBAL DEVELOPMENT Apr 03, 2024
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SOUTH ASIAN NETWORK ON ECONOMIC MODELING Apr 04, 2024
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World Bank Nepal Apr 05, 2024
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European Institute for Asian Studies Apr 10, 2024
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GENEVA GRADUATE INSTITUTE Apr 11, 2024
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Bhutan
India
Maldives
Nepal
Pakistan
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