New data on market growth between 2023 and 2024 reveals a dynamic landscape, with significant gains concentrated in several Asian economies, while the United States experienced a notable contraction.
Key Performers:
Vietnam leads all listed countries with an impressive market growth of $10.3B.
Hong Kong closely follows as a major growth engine, posting a $7.65B increase.
Malaysia and China also show strong positive growth, with $2.75B and $2.62B respectively.
Other positive growth markets include Indonesia ($2.48B), United Arab Emirates ($1.88B), India ($533M), Chinese Taipei ($128M), Cambodia ($1.28B), United... ($1.38B), and France ($110M).
Major Contractions:
The United States registered the most substantial decline, with a market contraction of -$4.98B.
Australia and Germany also faced significant negative growth, at -$1.52B and -$1.68B respectively.
Other markets experiencing negative growth include South Korea (-$654M), Thailand (-$994M), Japan (-$1.18B), Switzerland (-$277M), Italy (-$543M), and Chinese Taipei also appearing in the negative column with -$3.6B (likely a different metric or specific sector).