Asia Market
Insights

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Bangladesh

Central Asia

Industry Sectors with Opportunities for Technology Companies:

Agriculture, Pharmaceuticals, Textile, Information and Communications Technology.

Did you know?

Bangladesh is constructing the Padma Bridge to link the country's south-west and north, the 6.15 km US$3.6bn project is their most costly infrastructure project ever.

Population:

164.7m

GDP (US$):

$353bn

GDP Per Capita (US$):

GDP Growth:

0.5%

Budget Balance (% GDP):

-6.04%

Inflation:

5.65%

Languages:

Currency:

Bangladeshi taka (৳) (BDT)

Majority Religion:

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China

North Asia

Industry Sectors with Opportunities for Technology Companies:

Telecoms, Construction, Engineering, Aviation, Technology, Finance, Professional and Business services, Oil and Gas, Power generation, Renewable Energy, Infrastructure, Automotive, Advanced Manufacturing, Marine, Life Science and Healthcare.

Did you know?

China is the world’s largest exporter. Your air conditioner was probably made in China, as was your computer and maybe even your shoes. China has set the target of doubling the country’s gross domestic product by 2035.

Population:

1.412 bn

GDP (US$):

$14.72 trillion

GDP Per Capita (US$):

GDP Growth:

7.9%

Budget Balance (% GDP):

-3.70

Inflation:

2.5%

Languages:

Currency:

Chinese Yuan (¥) (CNY)

Majority Religion:

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Hong Kong

North Asia

Industry Sectors with Opportunities for Technology Companies:

Financial Services, ICT, Education Services, Medical Services, Testing and Certification services, Innovation and Technology, Environmental Industries, Healthcare.

Did you know?

Hong Kong now boasts 7687 high-rise buildings and 355 incredible skyscrapers, the most in the world, creating a dramatic skyline.

Population:

7.48m

GDP (US$):

$347 bn

GDP Per Capita (US$):

GDP Growth:

7.9%

Budget Balance (% GDP):

-12

Inflation:

0.3%

Languages:

Currency:

Hong Kong dollar (HK$) (HKD)

Majority Religion:

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India

Central Asia

Industry Sectors with Opportunities for Technology Companies:

Medical Devices, Pharmaceuticals, Agricultural Technology, Aviation Services, Engineering Services, Information and Communications Technology, Energy Efficiency, Healthcare, Advanced Engineering.

Did you know?

India has 22 recognized languages, with the official languages being English and Hindi. India also has the world’s second-largest population of English speakers (first is the United States), since most Indians speak their own regional language as well as English for easier communication.

Population:

1,378.6m

GDP (US$):

$3.05 trillion

GDP Per Capita (US$):

GDP Growth:

12.6%

Budget Balance (% GDP):

-9.5

Inflation:

6.2%

Languages:

Currency:

Indian rupee (₹) (INR)

Majority Religion:

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Indonesia

Southeast Asia

Industry Sectors with Opportunities for Technology Companies:

Telecoms, Engineering, Aviation, Technology, Oil and Gas, Financial Services, Renewable Energy, Healthcare, ICT, Agribusiness, Hotels and Tourism, Apparels.

Did you know?

Indonesia is the world's fourth most populous country and also one of the world's most populous Muslim-majority country.

Population:

270.6m

GDP (US$):

$1.058tn

GDP Per Capita (US$):

GDP Growth:

-2.07%

Budget Balance (% GDP):

-6.5

Inflation:

2.03%

Languages:

Currency:

Indonesian rupiah (Rp) (IDR)

Majority Religion:

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Japan

East Asia

Industry Sectors with Opportunities for Technology Companies:

ICT, Life Sciences, Automotive, Consumer Goods, Hi-tech, Manufacturing, E-Learning, Alternate and Renewable Energy, Construction and Engineering, Electronics.

Did you know?

Abenomics" is the name given to the economic reforms launched by the Prime Minister Shinzo Abe. These reforms aim to increase the Gross Domestic Product by 20% or 600 trillion Yen by the year of 2020.

Population:

126.5m

GDP (US$):

$4.9tn

GDP Per Capita (US$):

GDP Growth:

-4.8%

Budget Balance (% GDP):

-10.3

Inflation:

-0.02%

Languages:

Currency:

Japanese yen (¥) (JPY)

Majority Religion:

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Malaysia

Southeast Asia

Industry Sectors with Opportunities for Technology Companies:

Energy, Financial Services, Communications, Pharmaceuticals, Medical Technology, Business Services, Electronics and Semiconductors.

Did you know?

Mahathir Mohamad is currently the world's oldest head of government at 95 years in July 2020. Queen Elizabeth II comes in second at 94 years.

Population:

32.7m

GDP (US$):

336.7bn

GDP Per Capita (US$):

GDP Growth:

-5.59%

Budget Balance (% GDP):

-3.2

Inflation:

-1.1%

Languages:

Currency:

Ringgit (RM) (MYR)

Majority Religion:

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Myanmar

Southeast Asia

Industry Sectors with Opportunities for Technology Companies:

Energy, Manufacturing, Agriculture, Education and Training, Financial and Professional Services, Pharmaceuticals.

Did you know?

Home to Hkakabo Razi, the highest mountain in South East Asia at 5881 (19,295 ft) meters. Often referred to as the “Anti-Everest”, it is a peak so treacherous it has been conquered only once.

Population:

54.4m

GDP (US$):

76.2bn

GDP Per Capita (US$):

GDP Growth:

-9.99%

Budget Balance (% GDP):

-3.50%

Inflation:

5.73%

Languages:

Currency:

Kyat (K) (MMK)

Majority Religion:

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Philippines

Southeast Asia

Industry Sectors with Opportunities for Technology Companies:

Power and Renewable Energy, Pharmaceuticals and Healthcare, Financial and Professional Services, Food and Beverage Manufacturing, Electronics Assembly.

Did you know?

Phillipines is the world's second largest archipelago consisting of around 7,000 islands. On the flip side, Manila, the capital of the Philippines, ranks as the city with the highest population density in the world.

Population:

108.1m

GDP (US$):

$361.49bn

GDP Per Capita (US$):

GDP Growth:

-9.57%

Budget Balance (% GDP):

-7.5

Inflation:

2.64%

Languages:

Currency:

Peso (₱) (PHP)

Majority Religion:

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Singapore

East Asia

Industry Sectors with Opportunities for Technology Companies:

Financial Services, Advanced Manufacturing, Marine, Communications, Life Sciences and Healthcare, Business Services, ICT, Education and Training.

Did you know?

Singapore is one of the only three surviving city-states in the world. The other two are Monaco and Vatican City. Experience Singapore's Changi Airport, which has been named the world's best airport for the eighth straight year in 2020.

Population:

5.85m

GDP (US$):

$379bn

GDP Per Capita (US$):

GDP Growth:

-5.8%

Budget Balance (% GDP):

-8.94

Inflation:

-0.18%

Languages:

Currency:

Singapore dollar (S$) (SGD)

Majority Religion:

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South Korea

East Asia

Industry Sectors with Opportunities for Technology Companies:

Life Sciences and Healthcare, Industrial Electronics, Clean Tech and Renewable Energy, IT and Digital Technology, Aerospace.

Did you know?

South Korea is ranked 5th in the world for ease of doing business. Additionally, it's Research and Development (R&D) spending is the 5th largest among OECD members.

Population:

51.3m

GDP (US$):

$1.63tn

GDP Per Capita (US$):

GDP Growth:

-0.96%

Budget Balance (% GDP):

-6.1

Inflation:

0.54%

Languages:

Currency:

South Korean won (₩) (KRW)

Majority Religion:

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Sri Lanka

Central Asia

Industry Sectors with Opportunities for Technology Companies:

Energy, ICT, Manufacturing, Business Process Outsourcing (BPO), Commercial services.

Did you know?

In 1960, Sirimavo Bandaranaike, the leader of Sri Lanka Freedom Party, won the victory in the general election and became the first woman prime minister in the world.

Population:

21.5m

GDP (US$):

$80.7 bn

GDP Per Capita (US$):

GDP Growth:

-3.6%

Budget Balance (% GDP):

-8.50

Inflation:

4.4%

Languages:

Currency:

Sri Lankan rupee (LKR)

Majority Religion:

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Taiwan

North Asia

Industry Sectors with Opportunities for Technology Companies:

Electronics, Semi-conductor and Display, Banking and Financial Services, Raw Material Manufacturing.

Did you know?

Taiwan, one of the four Asian ”Tiger Economies” have pledged investment of close to $24bn over the next few years. They also invented bubble tea.

Population:

23.6m

GDP (US$):

$19.8 trillion

GDP Per Capita (US$):

GDP Growth:

2.98%

Budget Balance (% GDP):

-4.50

Inflation:

-0.17%

Languages:

Currency:

New Taiwan dollar (NT$) (TWD)

Majority Religion:

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Thailand

Southeast Asia

Industry Sectors with Opportunities for Technology Companies:

Engineering, Pharmaceutical and Healthcare, Tourism, ICT, Light Manufacturing.

Did you know?

Thailand loves its King and shows great respect for the monarchy. Red Bull, the world-famous energy drink, has its roots in Thailand.

Population:

66.2m

GDP (US$):

$509.2bn

GDP Per Capita (US$):

GDP Growth:

-6.1%

Budget Balance (% GDP):

-4.7%

Inflation:

-0.85%

Languages:

Currency:

Baht (฿) (THB)

Majority Religion:

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Vietnam

Southeast Asia

Industry Sectors with Opportunities for Technology Companies:

Mining, Healthcare and Pharmaceuticals, E-Learning, Tourism, Textile, Communications.

Did you know?

Vietnam’s perhaps best-kept trade secret is that it is the among the world's top 5 coffee exporters. Vietnam supplied 7.5% of the world's coffee in 2020, with a net worth of $2.3 billion.

Population:

97.3m

GDP (US$):

$271.2bn

GDP Per Capita (US$):

GDP Growth:

6.6%

Budget Balance (% GDP):

-5.42

Inflation:

3.22%

Languages:

Currency:

dong (₫) (VND)

Majority Religion:

Burmese

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Sinhala

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Bengali

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Cantonese

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Mandarin

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Vietnamese

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Filipino

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Chinese

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Bahasa Malaysia

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Bahasa Indonesian

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Korean

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English

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Japanese

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Hinduism

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Chinese folk religion

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Taoism and Confucianism

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Catholicism

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Protestantism

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Non-religious

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Buddhism

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Shinto

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