Wiki English
Wiki EnglishWiki DeutschWiki Nederlands

Asia–Pacific

The Asia–Pacific (APAC) is the region of the world adjoining the western Pacific Ocean.

The region's precise boundaries vary depending on context, but countries and territories in Australasia, East Asia, and Southeast Asia are often included. In a wider context, Central Asia, North Asia, the Pacific Islands, South Asia, West Asia (excluding the Arabian Peninsula and the Levant), and even Pacific-adjoining countries in the Americas can be included. For example, the Asia-Pacific Economic Cooperation (APEC) includes five countries (Canada, Chile, Mexico, Peru, and the United States) in the New World. The term has become popular since the late 1980s in commerce, finance, and politics. Despite the heterogeneity of the regions' economies, most individual nations within the zone are emerging markets experiencing rapid growth. Sometimes, the notion of "Asia–Pacific excluding Japan" (APEJ) is considered useful.

Asia–Pacific
Member nations of the Asia-Pacific Economic Cooperation (APEC)

List of countries and territories by subregion

Asia–Pacific 
Asia and the Pacific region, according to the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP)

In accordance with the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), the Asia–Pacific region includes a total of 51 countries and seven territories grouped into five subregions:

In a wider context, the following countries and territories can also be included in the Asia–Pacific region:

Economic Overview

The World Bank's April 2024 update indicates that the growth rate for the Asia-Pacific region, excluding China, is expected to slightly increase to 4.6% in 2024, up from 4.4% in 2023. This underscores a diverse economic resilience against global pressures. Meanwhile, global trade growth, which was minimal at 0.2% in 2023, is projected to improve to 2.3% in 2024, crucial for the region's export-oriented economies. However, private investment remains below pre-pandemic levels due to higher debt levels and rising interest rates, signaling a cautious investment climate. The region faces significant challenges from both external factors, such as high core inflation and modest global trade recovery, and domestic issues like increased debt and political uncertainties, potentially hindering economic growth. Additionally, a hypothetical 1% decline in GDP growth in the US or China could reduce GDP growth in other developing Asia-Pacific economies by approximately 0.5% and 0.3%, respectively. The increase in trade-distorting measures, which have tripled since 2019 among G-20 countries, reflects a trend towards protective industrial policies, although other East Asia-Pacific countries, except for China and Indonesia, have been less involved in these measures.

See also

References

Tags:

Asia–Pacific Related regionsAsia–Pacific List of countries and territories by subregionAsia–Pacific Economic OverviewAsia–PacificAmericasArabian PeninsulaAsia-Pacific Economic CooperationAustralasiaCanadaCentral AsiaChileEast AsiaLevantList of islands in the Pacific OceanMexicoNew WorldNorth AsiaPacific OceanPacific RimPeruSouth AsiaSoutheast AsiaUnited StatesWest Asia

🔥 Trending searches on Wiki English:

RobloxIranNicola CoughlanJames ClavellArgylleFIFA World CupSplit (2016 American film)Mari EmmanuelRyan GarciaYouTubeDwight D. EisenhowerPresident of Columbia UniversityGmailAnsel AdamsLeicester City F.C.Manchester City F.C.Roman ReignsUEFA Euro 2024Sharlto CopleyThe Ministry of Ungentlemanly WarfareLiam NeesonTheodore RooseveltX (2022 film)Benjamin BrandSonic the Hedgehog 3 (film)Tyrese MaxeyLiverpool F.C.TaiwanWill SmithAlec BaldwinNewcastle United F.C.CryptocurrencyList of country calling codesJohnny CashGujarat TitansMichael JacksonRed Eye (British TV series)Anti-Hero (song)Sydney SweeneyGulf WarZoë KravitzBBC World ServiceMonica BellucciDenzel WashingtonAnyone but YouShaquille O'NealChanning TatumKilling EveHubble Space TelescopeValerie Bertinelli1Tokugawa IeyasuArtificial intelligenceJelly Roll (singer)Sex positionHTTP 404The SimpsonsBarry KeoghanInternational Cometary ExplorerSunny LeoneThe Idea of YouMatthew PerryInter Miami CFSaint GeorgeAmerican Horror StoryJason StathamMichael DouglasGeorge VLiz TrussDonald TrumpCristiano RonaldoIsraelTwitch (service)NorovirusTerence CrawfordList of Indian Premier League seasons and resultsAnne Hathaway🡆 More