GDP Growth Analysis (2018-2021)

The gross domestic product (GDP) growth rate measures how fast the economy is
growing. The rate compares the most recent quarter of the country's economic
output to the previous quarter. Economic output is measured by GDP.

During 2018 the highest GDP growth rate is Cambodia followed by Vietnam and
so on. In 2019, Cambodia also leads the highest growth rate while Singapore as the
lowest growth rate. In addition to this, during 2020 there is a sudden breakthrough
with regards to the economic growth. Myanmar leads as the highest GDP rate and
Thailand as the lowest. As of 2021, Malaysia got the highest growth rate followed by
the Philippines and so on, Brunei having the lowest rate. Therefore, we can conclude
that the sudden changes in economic growth are due to economic changes such as
shifts of demand from high productivity sectors to low productivity sectors, thus
causing resources to be reallocated, shift of resources, especially labour, out of
agriculture—a traditionally low-productivity sector, allocation of resources changes
during the course of growth and development. A sudden decrease in GDP growth is
also due to high list of unemployed people and commodity exports.