October 23, 2024,TOKYO, Japan : The Asian Productivity Organization (APO) released the 17th edition of the APO Productivity Databook, offering detailed analyses of economic growth and productivity from 1970 to 2022, with projections through 2035. It covers 31 Asian economies, including 21 APO members and key global reference economies like Australia, the EU, and the USA.
Based on the APO Productivity Database, which integrates the Asia QALI Database for quality-adjusted labor inputs and incorporates data on mineral and energy resources, the databook is an essential resource for policymakers, business leaders, and researchers to understand the region’s economic landscape and support data-driven decision-making. Its rigorous methodology ensures reliability, helping stakeholders identify growth opportunities and challenges for strategic economic planning.
Highlights of the APO Productivity Databook 2024
Detailed productivity accounts of APO members compared with regional references, highlighting contributions of capital, labor inputs, and total factor productivity (TFP) in driving economic growth.
Rebounds in key sectors, with member economies like the ROC, ROK, Singapore, and Vietnam showing resilience amid COVID-19 disruptions.
Economic growth and productivity trends: Between 1970 and 2022, Asia experienced transformative productivity growth, driven by economies such as the ROC, India, and Japan which made significant contributions to TFP growth during this period.
Sectoral performance: Some APO members demonstrated robust growth in manufacturing, while agriculture remained vital, with productivity gains increasingly driven by investments in capital and technology.
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