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Regional Comprehensive Economic Partnership (RCEP)

15 COUNTRIES MAKE UP THE RCEP GROUP

World Economics has combined 15 countries to represent the RCEP. Overall these countries account for 31% of Global GDP and 45% of global GDP growth in the past 10 years (2011-2021).

The RCEP are home to over 2.3 billion people with an average life expectancy of 76 years and a current median age of 35 against a global average of 31.



Economics




RCEP
Countries
Revised GDP PPP
Int$, Billions
CAGR
10 Year
Rate
%, 2011-2021
Share of
Global
GDP
%
Share of Global GDP Growth
%, 2011-2021
Revised GDP Per Capita
Int$
Government Debt to Revised GDP
%







Australia 1,439.6 2.5% 0.9% 0.7% 55,823 54.4%
Brunei Darussalam 39.6 -0.1% 0.0% 0.0% 89,740 1.2%
Cambodia 123.4 5.6% 0.1% 0.1% 7,284 22.5%
China 30,290.0 6.7% 18.4% 33.4% 20,973 60.2%
Indonesia 4,519.4 4.3% 2.7% 3.6% 16,353 30.8%
Japan 5,640.0 0.7% 3.4% 0.9% 44,744 240.0%
Korea, Rep. 2,800.7 2.6% 1.7% 1.5% 54,589 40.6%
Laos 81.6 5.9% 0.0% 0.1% 11,062 67.7%
Malaysia 1,253.3 3.8% 0.8% 0.9% 38,237 48.6%
Myanmar 358.9 3.7% 0.2% 0.3% 6,548 37.7%
New Zealand 252.8 3.4% 0.2% 0.2% 52,008 44.6%
Philippines 1,275.6 4.8% 0.8% 1.1% 11,487 41.5%
Singapore 630.8 3.1% 0.4% 0.4% 106,969 120.3%
Thailand 1,791.9 2.3% 1.1% 0.8% 25,617 39.7%
Vietnam 1,121.7 5.6% 0.7% 1.1% 11,426 29.3%

RCEP
Totals / Averages:
51,619.2 N/A 31.4% 45.1% 36,857* 58.6%*


World Economics revised GDP data removes serious errors in GDP measurement.
Revised GDP data can be used to analyse and compare country investment potential, but other hidden faults may still be present in source GDP data. Learn more...


Notes:
  • GDP data includes estimates for the Informal Economy, and updated Base Years, to improve the often imperfect quality of RCEP data.
  • Debt-to-GDP ratio is total gross government debt as a proportion of revised GDP.
  • Data with an astrix (*) represents an average for all countries.
  • Offical GDP data quality is often poor in Emerging Market countries. See data quality for individual countries.







Demography




RCEP
Countries
Population
Data Quality
Grade
Total
Population
Millions
Life Expectancy
Years
Median
Age
Years
Statistical Capacity
0-100 Index
Age Dependency
Total






Australia A 25.8 83 37.9 100.0 44.9
Brunei Darussalam D 0.4 76 32.3 52.3
Cambodia C 16.9 70 25.6 60.0 44.3
China A 1,444.2 77 38.4 80.0 57.8
Indonesia B 276.4 72 29.7 85.6 52.5
Japan A 126.1 85 48.4 100.0 31.0
Korea, Rep. A 51.3 83 43.7 100.0 60.5
Laos C 7.4 68 24.4 62.2 43.2
Malaysia A 32.8 76 30.3 76.7 55.8
Myanmar C 54.8 67 29.0 74.4 53.5
New Zealand A 4.9 82 38.0 100.0 44.2
Philippines A 111.0 71 25.7 82.2 44.8
Singapore B 5.9 84 42.2 100.0 65.5
Thailand B 70.0 77 40.1 83.3 58.1
Vietnam A 98.2 75 32.5 74.4 54.9

RCEP
Totals / Averages:
N/A 2,326.0 76* 34.5* 78.6* 50.9*


Notes:
  • Data with an astrix (*) represents an average for all countries.
  • Statistical Capacity Index numbers shown on a scale of 0-100.
    100 = High level of resources, 0 = Low level of resrouces.


Key:
Data Quality Grade definitions:
         A: As good as it gets;
         B: Use with caution;
         C: Unreliable for many purposes
         D: Extremely poor quality.








Environmental, Social and Governance




Emerging Market
Countries:
Carbon Emissions
Total MTCo2e
Methane Emissions
Total MTCo2e
Population in Poverty
% of Pop
Years of Schooling
Years
Rule
of Law
0-100 Index
Corruption Levels
0-100 Index






Australia 411.0 139.9 <0.1% 13 89.4 73
Brunei Darussalam 9.1 - 44% 9 -
Cambodia 16.0 21.6 <0.1% 5 25.3 23
China 10,174.7 1,239.0 1% 8 47.2 45
Indonesia 617.5 335.1 5% 8 40.3 38
Japan 1,106.7 21.1 <0.1% 13 86.3 73
Korea, Rep. 611.3 25.5 <0.1% 12 77.9 62
Laos 32.8 7.9 23% 5 27.7 30
Malaysia 250.1 48.0 <0.1% 10 64.9 48
Myanmar 26.2 70.1 2% 5 19.5 28
New Zealand 36.5 32.5 <0.1% 13 95.2 88
Philippines 144.3 67.7 6% 9 35.0 33
Singapore 38.9 4.2 <0.1% 12 95.1 85
Thailand 288.3 84.7 0% 8 51.6 35
Vietnam 247.7 88.0 2% 8 45.3 39

RCEP
Totals/Averages:
14,011.1 2,185.2 N/A 9* 53.4* 47*


Notes:
  • Data with an astrix (*) represents an average for all countries.
  • Index numbers shown on a scale of 0-100.
    Rule of Law: 100 = High rule of law, 0 = low rule of law.
    Corruption Perceptions Index: 100 = Low levels of corruption, 0 = High levels of corruption.
  • Total Carbon and Methane data expressed in MTCo2e (Million Metric Tons of CO2 equivalent)
  • Data with an astrix (*) represents an average for all countries.



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