Market Research Report
Analysis of Key Sectors of APEC Countries: Agriculture, Banking & Finance, Dairy, Meat, E-Commerce, FMCG, Healthcare, ICT, Manufacturing, Mining, Trade & Logistics, Tourism and Water & Sanitation Along With Production and Consumption Data (2017 - 2022)
|Published by||Mordor Intelligence LLP||Product code||392405|
|Published||Content info||141 Pages
Delivery time: 2-3 business days
|Analysis of Key Sectors of APEC Countries: Agriculture, Banking & Finance, Dairy, Meat, E-Commerce, FMCG, Healthcare, ICT, Manufacturing, Mining, Trade & Logistics, Tourism and Water & Sanitation Along With Production and Consumption Data (2017 - 2022)|
|Published: February 12, 2017||Content info: 141 Pages||
APEC was founded in 1989 by Australia, Brunei Darussalam, Canada, Indonesia, Japan, Republic of Korea, New Zealand, The Philippines, Singapore, Thailand and The United States. Later Chile, China, Mexico, Papua New Guinea, Peru, Russia, Chinese Taipei and Vietnam were also added to this trade and economically motivated organization. Its prime goal is to increase trade and investments in the region and reduce the trade barriers and cost. APEC is a global hub of manufacturing and trade, as well as one of the fastest growing financial markets in the world.
APEC has become a dynamic engine for growth and one of the most important institution in the world. APEC countries contribute to 57% of world's GDP, home of 2.8 billion people and 48% of world trade. APEC achievements were tremendous in past two decades, with real GDP doubling from US$ 16 trillion in 1989 to US$ 31.1 trillion in 2013. Meanwhile, Per Capita Income improved by 48% during the same period. APEC has surpassed the world in GDP growth, with an average growth of 3.84% year-on-year. Some members have shown exemplary growth, like Vietnam which doubled its GDP per capita from US$ 1300 in 1995 to US$ 2600 in 2006 in just 11 years.
The APEC countries are very different from each other. United States GDP is almost 1120 times more than Papua New Guinea and more than 1050 times higher than Brunei. Australia GDP per capita is almost 35 times more than Vietnam. United States alone accounts for 19% of the GDP among APEC countries, and is also a member of G20. APEC countries possesses very vast and diverse cultures: Indonesia is almost 90% Muslim, while the Philippines is more than 80% Roman Catholic, and Thailand is more than 95% Buddhist.
Today, 49% of population in APEC lives in cities and their urban areas accounted to more than 48% of combined GDP of all APEC countries. Urban contribution to the combined economy is expected to reach 60% of the combined GDP by 2020. United States, Australia, Japan, Singapore, Republic of Korea and Brunei have high urban population and high contribution of GDP from urban areas whereas other countries are dependent on agriculture.
Each country envisages and aspires a greater economic dynamism and prosperity. And wants to be a creditor nation than being a debtor nation.
But that is not easy to achieve. It depends on respective government's public policy, political and sovereign power and the overall laws of the country.
Lasting prosperity is a result of a persistent commitment to low tax rates, a stable currency, limited government interferences and strong private property rights, openness to global trade and financial flows, and sensible regulation.
Few of the economic factors on which a nation's attractiveness depends:
Tax on foreign investments and corporate tax:
One of the taxes that have perhaps the largest impact on a nation's ability to compete in global markets is the corporate tax. The reason, of course, is that tax's large impact on the flow of investment. In this age of information and technology, borders do not matter much anymore for businesses. The world has become one massive shopping market for capital. Nations are in a contest to climb past each other in a race up the ladder of economic growth.
GDP Growth YoY
Interest rate (in %)
Inflation rate (in %)
Gov. Budget (Fiscal)
Current Account (in %)
Papua New Guinea
Key factors in the growth of APEC nations are high mineral reserves, economic growth, availability of raw materials, rising transportation needs, un-matured and untapped markets in most of the countries, young workforce and cheap Labour in most of the countries, high urban population (almost 100% in Singapore, etc.), strong financial market and strong fundamentals..
APEC Countries market is badly affected by old technology in emerging nations, undeveloped infrastructure, traditional agriculture practices, low disposable income (except Developed Nations), low investments( in developing nations). Slump in oil prices in 2015, decreased the revenue of US, Canada, Indonesia and Brunei.
What the report offers
The study identifies the situation of APEC, and predicts the growth of the countries. Report talks about Agriculture, Banking & Finance, Dairy, Meat, E-Commerce, FMCG, Healthcare, ICT, Manufacturing, Mining, Trade & Logistics, Tourism and Water & Sanitation Market with production, consumption, import & export data, government regulations, growth forecast, major companies, upcoming companies & projects, etc. Report will talk about Economic conditions of and future forecast of its current economic crisis, reasons and implications on its growth. The study clarifies that, currently, the APEC growth is high as compared to the world and it is set to be surpass all the World Economies by 2020, which is expected to grow at an average GDP growth rate of 6.9% from 2014 to 2020. Lastly, the report is divided by major import & export and importing and exporting partners.