Regional Business Environment Overview: Asia

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Asia’s rise to global prominence has seen its share of total global GDP soar from 21.3% in 1990 to 29.5% in 2014, set to hit 36.1% by 2030. Singapore is a stand out performer in Asia, taking the highest ranking among countries in the region in the Corruption Perceptions Index 2014, Global Competitiveness Index 2014 and Doing Business 2015. The average general government net budget deficit for Asia stood at 3.0% in 2014, down from 5.5% in 2009, as many governments brought spending under control.