The Asia-Pacific Economic Cooperation (APEC)was established in 1989. The 21 membereconomies are Australia; Brunei Darussalam; Canada; Chile; China; Hong Kong, China;Indonesia; Japan; Korea; Malaysia; Mexico; New Zealand; Papua New Guinea; Peru; the The APEC Policy Support Unit (PSU)is the policy research and analysis arm for APEC. It supports APEC members andfora in improving the quality of their deliberations and decisions and promoting policies that support the achievement of APEC in Chartsis an annual publication of the PSU that provides an overview of APEC’s population, GDP and tradewithin the global economy, and charts the region’s macroeconomic performance. It also offers insights into key indicators Table of Contents APEC in the Global Economy 2024 APEC Strong, Balanced, Secure, Sustainable and Inclusive Growth 4.1Characteristics of the Employed Population, 2004–2024164.2Labour Income Share in GDP, 2004–2024174.3Growth in Output per Hour Worked, 2006–2024174.4Laws on Women Participation in the Workforce, 2023174.5Share of Electric Vehicles (EVs) in Total Motor Vehicle Sales, 2018–202418 APEC Macroeconomic Indicators 1.1Real GDP Growth, 2020–202441.2Real GDP per Capita Growth, 2020–202441.3Value-Added Contributions of Economic Activities, 2004–202451.4Consumer Price Inflation, 2022–20246 APEC 2025 Priorities 5.1Released Large-Scale AI Models, 2019–July 2025205.2Cost of Training Large-Scale AI Models, 2019–July 2025205.3Venture Capital Investments in AI and Data Startups, 2012–2024205.4Energy Demand of AI Supercomputers and Large-Scale AI Models,212010–September 2025 APEC Trade and Investment 2.1Exports and Imports by Main Categories, 2021–202382.2Merchandise and Commercial Services Trade Values and Growth,92014–2024 APEC Innovation and Digitalisation 3.1Active Data Centres, September 20253.2Active Internet Exchange Points, September 20253.3Cross-Border Trade in ICT Goods by Category, 2014–20233.4Individuals Using the Internet, 2014–20243.5Broadband Subscriptions, 2024 Data Notes POPULATION, 202437% each symbol represents 100 million people APEC IN THEGLOBAL ECONOMY 2024 The 21 APEC member economies remain pivotalininfluencing the global economy.Together,they make up a substantial share of the world’s [1.3] VALUE-ADDED CONTRIBUTIONS OF ECONOMIC ACTIVITIES, 2004–2024percent (percent of APEC-wide total value added of the respective activities) In 2024, 12 APEC economiesreportedhigherrealGDPgrowth rates. However, APEC’sreal GDP growth slowed downto 3.3% in 2024 from 3.5% in2023 amid the deceleration in APEC Macroeconomic IndicatorsGROWTH IN THEAPEC REGION TheAPEC region continues to demonstrateresilience and adaptability in the face of global [1.2] REAL GDP PER CAPITA GROWTH, 2020–2024annual percent RealGDPpercapita,anindicatorofeconomicdevelopment,recorded fastergrowth in the APEC region thanin the rest of the world in 2024,growing at 3.0% to reach USD19,872.That year,Viet Nam The economic sectoral structure of APEC as a whole has largely remained the same in the pasttwenty years, dominated by services which accounted for about two-thirds of the region’s GDP.Notably, within APEC, Northeast Asian economies play a leading role in the manufacturing DECREASING INFLATION AND DEPRECIATING CURRENCIESAPEC Macroeconomic Indicators Consumer price inflation decreased in the APEC region, from 3.8% in 2023 to 2.6% in 2024. Most APEC economies saw lower inflation and threeeconomies saw their inflation rates hover over just above 0%. Even as inflation eased, currencies in most economies were losing value. Currencies of APEC economies have depreciated on average by 2.6%against the IMF Special Drawing Rights (SDR) at the end of 2024compared to January 2024, losing value in all but eight economies.This trend has continued, with the currencies depreciating a further THE LABOUR MARKETAPEC Macroeconomic Indicators Unemployment in APEC has remained broadly stable in the pastyears, staying at 3.9% in 2024. Relative to 2023, rates in most APECeconomies dropped or remained unchanged in 2024. However, therelatively low rates mask the issue of the underemployed (those percent Merchandise goods trade contributed to about 81.4% ofAPEC’s annual trade in the past decade. In 2024, theregion’s merchandise exports and imports were each valuedat USD 12.2 trillion. These represent a 4.4% growth inmerchandiseexports and a 3.7%growth in imports Between 2021 and 2023, manufactured products formed the bulk of APEC’s trade withcontributions of more than 70.0% of the region’s annual exports and imports. Economies inthe Americas were the largest traders of agricultural products. Meanwhile, Northeast Asian APEC Trade and InvestmentTRADE IN THEAPEC REGION The APEC region continues to see strong growthin its share of global trade, in both goods andservices. Commercial services trade contributed to about 18.6% ofAPEC’s annual trade in the past decade. In 2024, theregion’s commercial services exports and imports w