- June 19, 2019
- Posted by: Choon Hong Wong
- Category: Investment
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55% of Megacities are in Asia Pacific
Source: United Nation – The World’s Cities in 2018
Facts about Asia
- Contributes 1/3 to the world’s gross domestic product (GDP).1
- 60% of the world’s population lives in this region.2
- 58% of global millennials are in this region.3
- 55% of the world’s megacities are located here.4
- 54% of the world’s middle class will come from Asia by 2020, and 2/3 by 2030.5
Sources:
- World Bank, 2015 figure in US dollar, as of 16 December 2016
- United Nations Economic and Social Commission for Asia and the Pacific (http://www.unescap.org/our-work/social-development/population-dynamics)
- Where are the Global Millennials– Paper – A.T. Kearney
- United Nations, The World’s Cities in 2016 Data Booklet
- Homi Karas, The Unprecedented Expansion of the Global Middle Class – An Update, Global Economy & Development Working Paper 100, February 2017