Asian markets and economies
Bullrun holds a reading for 49 economies in Asia, across 5 panels. Lebanon carries the region's highest composite stress at 66 of 100. Coverage is not uniform: a panel a provider does not publish for this region is left out rather than filled from a proxy, and an economy missing from a table is one we hold no reading for, never a zero.
- Economies covered49
- Fastest growth+11.10% Kyrgyzstan
- Lowest inflation-6.60% Afghanistan
- Highest unemployment24.4% West Bank and Gaza
- Highest govt debt204.8% Japan
Economic stress in Asia
Composite stress, 0-100 for 29 economies, ranked. The whole cross-section, every region included, is on Country Stress Score.
| # | Economy | Stress score | Band | Period | Source |
|---|---|---|---|---|---|
| 1 | Lebanon | 66 | Stretched | 2025 | Bullrun |
| 2 | Jordan | 58 | Elevated | 2025 | Bullrun |
| 3 | Saudi Arabia | 55 | Elevated | 2026-08 | Bullrun |
| 4 | Iran | 51 | Elevated | 2025 | Bullrun |
| 5 | Armenia | 50 | Elevated | 2025 | Bullrun |
| 6 | Kazakhstan | 46 | Elevated | 2025 | Bullrun |
| 7 | Bhutan | 43 | Watch | 2025 | Bullrun |
| 8 | Mongolia | 43 | Watch | 2025 | Bullrun |
| 9 | Hong Kong | 42 | Watch | 2026-Q2 | Bullrun |
| 10 | India | 42 | Watch | 2026-08 | Bullrun |
| 11 | China | 41 | Watch | 2026-08 | Bullrun |
| 12 | Kyrgyzstan | 41 | Watch | 2025 | Bullrun |
| 13 | Uzbekistan | 40 | Watch | 2025 | Bullrun |
| 14 | Georgia | 39 | Watch | 2025 | Bullrun |
| 15 | Philippines | 38 | Watch | 2026-Q1 | Bullrun |
| 16 | Bahrain | 37 | Watch | 2025 | Bullrun |
| 17 | Israel | 37 | Watch | 2026-08 | Bullrun |
| 18 | Japan | 37 | Watch | 2026-08 | Bullrun |
| 19 | Turkey | 37 | Watch | 2026-08 | Bullrun |
| 20 | Pakistan | 36 | Watch | 2025 | Bullrun |
| 21 | Brunei | 35 | Watch | 2025 | Bullrun |
| 22 | Indonesia | 32 | Watch | 2026-09 | Bullrun |
| 23 | Malaysia | 31 | Watch | 2026-Q2 | Bullrun |
| 24 | Sri Lanka | 31 | Watch | 2025 | Bullrun |
| 25 | Thailand | 31 | Watch | 2026-Q2 | Bullrun |
| 26 | South Korea | 28 | Calm | 2026-09 | Bullrun |
| 27 | Azerbaijan | 27 | Calm | 2025 | Bullrun |
| 28 | Singapore | 17 | Very calm | 2026-Q2 | Bullrun |
| 29 | Vietnam | 10 | Very calm | 2025 | Bullrun |
GDP growth in Asia
Real GDP growth for 43 economies, ranked. Reference period 2025. The whole cross-section, every region included, is on GDP Growth by Country.
| # | Economy | Real GDP growth | Band | Source |
|---|---|---|---|---|
| 1 | Kyrgyzstan | +11.10% | Strong | WORLDBANK |
| 2 | Tajikistan | +8.40% | Strong | WORLDBANK |
| 3 | Vietnam | +8.02% | Strong | WORLDBANK |
| 4 | Bhutan | +8.01% | Strong | WORLDBANK |
| 5 | Uzbekistan | +7.70% | Strong | WORLDBANK |
| 6 | India | +7.57% | Strong | WORLDBANK |
| 7 | Georgia | +7.46% | Strong | WORLDBANK |
| 8 | Armenia | +7.20% | Strong | WORLDBANK |
| 9 | Timor-Leste | +6.98% | Strong | WORLDBANK |
| 10 | Mongolia | +6.84% | Strong | WORLDBANK |
| 11 | Kazakhstan | +6.50% | Strong | WORLDBANK |
| 12 | Maldives | +6.31% | Strong | WORLDBANK |
| 13 | Turkmenistan | +6.30% | Strong | WORLDBANK |
| 14 | Cambodia | +5.35% | Strong | WORLDBANK |
| 15 | Malaysia | +5.17% | Strong | WORLDBANK |
| 16 | Indonesia | +5.11% | Strong | WORLDBANK |
| 17 | Singapore | +5.03% | Strong | WORLDBANK |
| 18 | China | +4.96% | Strong | WORLDBANK |
| 19 | Sri Lanka | +4.95% | Strong | WORLDBANK |
| 20 | Macao | +4.67% | Strong | WORLDBANK |
| 21 | Laos | +4.54% | Strong | WORLDBANK |
| 22 | Saudi Arabia | +4.50% | Strong | WORLDBANK |
| 23 | Nepal | +4.43% | Strong | WORLDBANK |
| 24 | Philippines | +4.40% | Strong | WORLDBANK |
| 25 | West Bank and Gaza | +4.34% | Strong | WORLDBANK |
| 26 | Pakistan | +3.70% | Strong | WORLDBANK |
| 27 | Turkey | +3.60% | Strong | WORLDBANK |
| 28 | Bangladesh | +3.49% | Healthy | WORLDBANK |
| 29 | Hong Kong | +3.49% | Healthy | WORLDBANK |
| 30 | Bahrain | +3.48% | Healthy | WORLDBANK |
| 31 | Israel | +2.93% | Healthy | WORLDBANK |
| 32 | Qatar | +2.90% | Healthy | WORLDBANK |
| 33 | Jordan | +2.83% | Healthy | WORLDBANK |
| 34 | Kuwait | +2.73% | Healthy | WORLDBANK |
| 35 | Thailand | +2.44% | Healthy | WORLDBANK |
| 36 | Oman | +2.40% | Healthy | WORLDBANK |
| 37 | Azerbaijan | +1.45% | Sluggish | WORLDBANK |
| 38 | Japan | +1.19% | Sluggish | WORLDBANK |
| 39 | South Korea | +1.01% | Sluggish | WORLDBANK |
| 40 | Brunei | +0.67% | Stagnation | WORLDBANK |
| 41 | Myanmar | -2.01% | Contraction | WORLDBANK |
| 42 | Iraq | -2.16% | Contraction | WORLDBANK |
| 43 | Iran | -2.83% | Contraction | WORLDBANK |
Inflation in Asia
Consumer prices, year over year for 47 economies, ranked. The whole cross-section, every region included, is on Inflation by Country.
| # | Economy | Inflation, YoY | Band | Period | Source |
|---|---|---|---|---|---|
| 1 | Afghanistan | -6.60% | Deflation | 2024 | WORLDBANK |
| 2 | Sri Lanka | -4.76% | Deflation | 2025 | WORLDBANK |
| 3 | Brunei | -0.30% | Deflation | 2025 | WORLDBANK |
| 4 | Bahrain | -0.14% | Deflation | 2025 | WORLDBANK |
| 5 | Thailand | -0.13% | Deflation | 2025 | WORLDBANK |
| 6 | Iraq | +0.30% | At target | 2025 | WORLDBANK |
| 7 | Macao | +0.33% | At target | 2025 | WORLDBANK |
| 8 | Timor-Leste | +0.43% | At target | 2025 | WORLDBANK |
| 9 | China | +0.80% | At target | 2026-08 | OECD |
| 10 | Singapore | +0.90% | At target | 2025 | WORLDBANK |
| 11 | Oman | +0.97% | At target | 2025 | WORLDBANK |
| 12 | United Arab Emirates | +1.25% | At target | 2025 | WORLDBANK |
| 13 | Qatar | +1.27% | At target | 2024 | WORLDBANK |
| 14 | Malaysia | +1.38% | At target | 2025 | WORLDBANK |
| 15 | Hong Kong | +1.44% | At target | 2025 | WORLDBANK |
| 16 | Israel | +1.54% | At target | 2026-08 | OECD |
| 17 | Philippines | +1.66% | At target | 2025 | WORLDBANK |
| 18 | Jordan | +1.77% | At target | 2025 | WORLDBANK |
| 19 | Saudi Arabia | +1.82% | At target | 2026-08 | OECD |
| 20 | Japan | +1.90% | At target | 2026-08 | OECD |
| 21 | Cambodia | +2.35% | A little above target | 2025 | WORLDBANK |
| 22 | Kuwait | +2.36% | A little above target | 2025 | WORLDBANK |
| 23 | Nepal | +2.65% | A little above target | 2025 | WORLDBANK |
| 24 | South Korea | +2.88% | A little above target | 2026-09 | OECD |
| 25 | Indonesia | +3.28% | A little above target | 2026-09 | OECD |
| 26 | Armenia | +3.31% | A little above target | 2025 | WORLDBANK |
| 27 | Vietnam | +3.31% | A little above target | 2025 | WORLDBANK |
| 28 | Tajikistan | +3.39% | A little above target | 2025 | WORLDBANK |
| 29 | Pakistan | +3.55% | A little above target | 2025 | WORLDBANK |
| 30 | Bhutan | +3.56% | A little above target | 2025 | WORLDBANK |
| 31 | Georgia | +3.87% | A little above target | 2025 | WORLDBANK |
| 32 | Maldives | +4.01% | Elevated | 2025 | WORLDBANK |
| 33 | India | +4.96% | Elevated | 2026-08 | OECD |
| 34 | Azerbaijan | +5.62% | Elevated | 2025 | WORLDBANK |
| 35 | Laos | +7.74% | Elevated | 2025 | WORLDBANK |
| 36 | Yemen | +8.10% | High | 2014 | WORLDBANK |
| 37 | Kyrgyzstan | +8.22% | High | 2025 | WORLDBANK |
| 38 | Mongolia | +8.61% | High | 2025 | WORLDBANK |
| 39 | Bangladesh | +8.77% | High | 2025 | WORLDBANK |
| 40 | Uzbekistan | +8.80% | High | 2025 | WORLDBANK |
| 41 | Myanmar | +8.83% | High | 2019 | WORLDBANK |
| 42 | West Bank and Gaza | +9.81% | High | 2025 | WORLDBANK |
| 43 | Kazakhstan | +11.38% | High | 2025 | WORLDBANK |
| 44 | Syria | +13.42% | High | 2019 | WORLDBANK |
| 45 | Lebanon | +14.60% | High | 2025 | WORLDBANK |
| 46 | Turkey | +31.51% | High | 2026-08 | OECD |
| 47 | Iran | +42.17% | High | 2025 | WORLDBANK |
Unemployment in Asia
Unemployment rate for 34 economies, ranked. The whole cross-section, every region included, is on Unemployment by Country.
| # | Economy | Unemployment rate | Band | Period | Source |
|---|---|---|---|---|---|
| 1 | West Bank and Gaza | 24.4% | Severe | 2022 | IMF |
| 2 | Jordan | 21.3% | Severe | 2025 | IMF |
| 3 | Georgia | 13.9% | High | 2025 | IMF |
| 4 | Armenia | 12.8% | High | 2025 | IMF |
| 5 | Lebanon | 11.5% | High | 2023 | IMF |
| 6 | Syria | 8.6% | Slack | 2010 | IMF |
| 7 | Turkey | 7.8% | Slack | 2026-08 | OECD |
| 8 | Iran | 7.5% | Slack | 2025 | IMF |
| 9 | Pakistan | 7.1% | Slack | 2025 | IMF |
| 10 | Bahrain | 5.6% | Healthy | 2025 | IMF |
| 11 | Azerbaijan | 5.3% | Healthy | 2025 | IMF |
| 12 | Mongolia | 5.3% | Healthy | 2025 | IMF |
| 13 | China | 5.1% | Healthy | 2025 | IMF |
| 14 | India | 5.0% | Healthy | 2025 | IMF |
| 15 | Indonesia | 4.9% | Healthy | 2025 | IMF |
| 16 | Uzbekistan | 4.8% | Healthy | 2025 | IMF |
| 17 | Brunei | 4.7% | Healthy | 2025 | IMF |
| 18 | Kazakhstan | 4.6% | Healthy | 2025 | IMF |
| 19 | Philippines | 4.2% | Healthy | 2025 | IMF |
| 20 | Kyrgyzstan | 4.0% | Healthy | 2025 | IMF |
| 21 | Sri Lanka | 3.9% | Tight | 2025 | IMF |
| 22 | Hong Kong | 3.6% | Tight | 2025 | IMF |
| 23 | Bhutan | 3.5% | Tight | 2023 | IMF |
| 24 | Taiwan | 3.4% | Tight | 2025 | IMF |
| 25 | Saudi Arabia | 3.2% | Tight | 2025 | IMF |
| 26 | Malaysia | 3.0% | Tight | 2025 | IMF |
| 27 | Israel | 2.8% | Tight | 2026-08 | OECD |
| 28 | South Korea | 2.7% | Tight | 2026-08 | OECD |
| 29 | Japan | 2.5% | Tight | 2026-08 | OECD |
| 30 | Tajikistan | 2.5% | Tight | 2011 | IMF |
| 31 | Vietnam | 2.2% | Tight | 2025 | IMF |
| 32 | Singapore | 2.0% | Tight | 2025 | IMF |
| 33 | Macao | 1.7% | Tight | 2025 | IMF |
| 34 | Thailand | 1.0% | Tight | 2025 | IMF |
Government debt in Asia
General government gross debt, percent of GDP for 47 economies, ranked. Reference period 2025. The whole cross-section, every region included, is on Government Debt by Country.
| # | Economy | Debt / GDP | Band | Source |
|---|---|---|---|---|
| 1 | Japan | 204.8% | Very high | IMF |
| 2 | Singapore | 165.7% | Very high | IMF |
| 3 | Bahrain | 144.3% | Very high | IMF |
| 4 | Lebanon | 139.4% | Very high | IMF |
| 5 | Maldives | 129.4% | Very high | IMF |
| 6 | Bhutan | 102.6% | High | IMF |
| 7 | China | 98.6% | High | IMF |
| 8 | Sri Lanka | 96.8% | High | IMF |
| 9 | Laos | 88.8% | Elevated | IMF |
| 10 | India | 84.3% | Elevated | IMF |
| 11 | Jordan | 83.6% | Elevated | IMF |
| 12 | Pakistan | 72.8% | Elevated | IMF |
| 13 | Malaysia | 70.5% | Elevated | IMF |
| 14 | Israel | 67.9% | Elevated | IMF |
| 15 | Thailand | 64.7% | Elevated | IMF |
| 16 | Philippines | 59.1% | Moderate | IMF |
| 17 | West Bank and Gaza | 55.9% | Moderate | IMF |
| 18 | Iraq | 52.8% | Moderate | IMF |
| 19 | South Korea | 52.4% | Moderate | IMF |
| 20 | Myanmar | 51.9% | Moderate | IMF |
| 21 | Nepal | 47.4% | Moderate | IMF |
| 22 | Armenia | 46.9% | Moderate | IMF |
| 23 | Mongolia | 45.0% | Moderate | IMF |
| 24 | Qatar | 42.5% | Moderate | IMF |
| 25 | Bangladesh | 42.0% | Moderate | IMF |
| 26 | Indonesia | 40.9% | Moderate | IMF |
| 27 | Kyrgyzstan | 39.4% | Moderate | IMF |
| 28 | Iran | 35.6% | Moderate | IMF |
| 29 | Oman | 34.7% | Moderate | IMF |
| 30 | Georgia | 34.3% | Moderate | IMF |
| 31 | United Arab Emirates | 33.9% | Moderate | IMF |
| 32 | Saudi Arabia | 31.8% | Moderate | IMF |
| 33 | Vietnam | 30.5% | Moderate | IMF |
| 34 | Uzbekistan | 28.6% | Low | IMF |
| 35 | Cambodia | 25.5% | Low | IMF |
| 36 | Kazakhstan | 24.3% | Low | IMF |
| 37 | Turkey | 23.7% | Low | IMF |
| 38 | Taiwan | 23.6% | Low | IMF |
| 39 | Azerbaijan | 20.1% | Low | IMF |
| 40 | Tajikistan | 18.6% | Low | IMF |
| 41 | Kuwait | 14.6% | Low | IMF |
| 42 | Timor-Leste | 13.3% | Low | IMF |
| 43 | Hong Kong | 12.1% | Low | IMF |
| 44 | Afghanistan | 7.6% | Low | IMF |
| 45 | Turkmenistan | 3.1% | Low | IMF |
| 46 | Brunei | 1.6% | Low | IMF |
| 47 | Macao | 0.0% | Low | IMF |
Economies of Asia
Each of these has a page of its own scoring it against six pillars - labour, housing, credit, fiscal, external and cycle - and showing which readings were too stale to count.
Stocks to research in Asia
Six large Asian listings on their native tickers rather than their ADRs, which is how the rest of this site holds them.
| Ticker | Company | Market | What to look at |
|---|---|---|---|
| 005380 | Hyundai Motor | KOSPI | Autos, EV transition, exports, currency sensitivity, and margins. |
| 035420 | NAVER | KOSPI | Search, commerce, content, cloud, and AI services. |
| 1211.HK | BYD | Hong Kong | EV scale, batteries, vertical integration, and China export growth. |
| 1299.HK | AIA Group | Hong Kong | Asian insurance, wealth growth, rates sensitivity, and capital returns. |
| 6861 | Keyence | Tokyo Stock Exchange | Factory automation, sensors, margins, and Japanese industrial demand. |
| 2330.TW | TSMC | Taiwan | Advanced foundry capacity, customer concentration, and AI chip demand. |
Screen every listing we hold · Browse stocks
Where these numbers come from
| Panel | Economies | Source |
|---|---|---|
| Composite stress, 0-100 | 29 | Bullrun six-pillar composite, built from OECD, BIS, IMF and World Bank releases |
| Real GDP growth | 43 | World Bank annual national accounts, with OECD and official sources for the quarterly panel |
| Consumer prices, year over year | 47 | Official national statistics offices, via OECD and the US Bureau of Labor Statistics, with World Bank annual CPI as the broad fallback |
| Unemployment rate | 34 | OECD and Eurostat monthly harmonised rates, with the IMF's annual series as the floor |
| General government gross debt, percent of GDP | 47 | IMF World Economic Outlook, general government gross debt |
Bands match the shading on the Global Markets dashboard, so a country's colour there and its band here always agree. Regional membership is geographic, and the aggregate rows these providers publish - the euro area, the World Bank income groups - are excluded, because they would outrank the economies they are built from. See the data license.
Other regions
Global markets dashboard · Every economy scored · GDP growth by country · Screen stocks by country