A tiger economy is a term used to describe several booming economies in Southeast Asia. The Asian tiger economies typically include Singapore, Hong Kong, South Korea, and Taiwan. These economies are increasingly important to the economic growth of the entire Asian region as they have transitioned from agrarian to industrialized economies. In most cases their economies are export-based and they feed some of the largest economies in Asia and the rest of the world. The economic indicators of these countries can give clues to the future growth or contraction of related country’s economies.