TrackingAsia
A tool for timely monitoring of
macroeconomic conditions
TrackingAsia
A tool for timely monitoring of
macroeconomic conditions
TrackingAsia
A tool for timely monitoring of
macroeconomic conditions
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TrackingAsia is a simple tool that brings together a broad set of economic information to give a timely measure of macroeconomic activity in selected economies in Asia. Its framework can complement the monitoring toolkit of decision makers and economy watchers to capture the state and course of Asian economies.

Click the economy to view the economy dashboard. Click the current value of the indicators to see the historical chart.

Economy

GDP

(% year on year)

Inflation

(% year on year)

Manufacturing PMI

(index)

Industrial Production

(% year on year)

Exports

(% year on year)

GDP = gross domestic product, PMI = purchasing managers’ index.
Notes: Arrows indicate changes relative to previous period. = value increased, = value decreased, and no arrow = unchanged. Blank cells mean data are not available.
Source: CEIC Data Company.

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Tracking Real GDP Growth

Gross domestic product (GDP) gives an aggregate measure of economic activity. An economy’s real GDP fluctuates over time, with periods of increasing and decreasing output around an estimated long-term trend.

The deviation of GDP growth from its trend, called the GDP gap, is a popular indicator of whether economic resources are being fully utilized, strained, or underperforming. Periods of economic expansion alternate with periods of slowdown. The so-called business cycle is inferred when quarterly data on real GDP and its components are released by statistical agencies, though this data may be published with a lag—sometimes several weeks after the quarter has ended. Various methods can be applied to extract the cycle and to determine the turning points.

A goal of policy makers is to ensure economic stability and sustained growth—and achieving both requires timely macroeconomic monitoring. READ MORE

Economic Activity Index

The Economic Activity Index (EAI) combines monthly information from a variety of categories and sectors for an economy so that the business cycle can be closely tracked.

As quarterly GDP data are often released with a lag, the EAI fills the information gap by giving reliable and timely monthly estimates of an economy’s business cycle so that rapidly changing macroeconomic conditions can be monitored. The EAI tracks economic activity since it is a composite of an economy’s monthly data, drawn from six categories or sectors—consumption, investment, trade, government, financial, and external.

The idea behind this approach is that the business cycle is pervasive across an economy, covering households, firms and producers, and governments. Hence, the common factor extracted from various categories and sectors can be useful for tracking overall economic and business cycle activity.  READ MORE 

The dial provides a gauge of economic activity and can be used to analyze the state and course of an economy on its business cycle.

GDP = gross domestic product, Q = quarter.
Note: The needle shows the position of an economy in the business cycle, represented by the GDP growth gap, in the quarter for which real data are available from statistical sources. The Economic Activity Index is shown for the current month. The latest position of the index is compared with the position in the previous quarter or month. The colors of the dial indicate whether the business cycle is below the estimated trend and gives information about the state of economic activity: decreasing (red), below trend but increasing (yellow), above trend but decreasing (blue), or above trend and increasing (green).  READ MORE
Source: TrackingAsia.

The position of an economy in a selected quarter and the course over time can be seen in the animation, compared to regional economies.

Note: The chart plots the position of an economy on its business cycle in a given quarter, represented by the growth gap, which is the difference between actual growth and its mean. The upper-right quadrant shows above trend and increasing, upper left shows above trend and decreasing, lower right shows below trend and increasing, and lower left, shows below trend and decreasing.
Source: TrackingAsia.

TrackingAsia 2021 © Asian Development Bank. All Rights Reserved. Reproduction in whole or in part without permission is prohibited.
ADB Headquarters: 6 ADB Avenue, Mandaluyong City 1550, Metro Manila, Philippines.
trackingasia@adb.org