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What is the richest country in Asia? The richest Asian country is China based on GDP. China's GDP is $24.27 trillion. Singapore has the highest GDP per capita, $107,680.
Asian countries by GDP (PPP) per capita in 2017. This is a list of Asian countries by GDP per capita based on purchasing power parity. All figures are given in international dollars and are the latest estimates from the International Monetary Fund.
This is a sorted list of Asian countries according to their rank, with their factual and estimated gross domestic product data by the International Monetary Fund. The top 3 largest economies in Asia are China, Japan and India.
- What Is Purchasing Power Parity (PPP)?
- What Are International Dollars (Int$)?
- Thailand
- Maldives
- Kazakhstan
- Malaysia
- Oman
- Turkey
- Kuwait
- Cyprus
PPP is a theoretical measurement of the relative values of different currencies. The measurement is based on a comparison of the cost of the same basket of goods in different locations. This comparison should illuminate the purchasing power of different currencies. PPP is relevant when comparing GDP per capita in different countries because it more...
Also known as the Geary-Khamis dollar, international dollars are hypothetical units of currency used to compare the economic output of different countries. They are often used in conjunction with PPPto make comparisons that are more meaningful than what would be achieved based on the exchange rates between currencies. International dollars also hav...
GDP (PPP) per capita:$19,004 Thailand is famous around the world for being an idyllic tourist locale, and indeed there are many reasons to visit Thailand: stunning beaches, unique cuisine, and Thai massages, to name a few. But tourism is only one part of what drives the Thai economy. The country is highly dependent on exports, which account for mor...
GDP (PPP) per capita:$23,343 Not everyone can point to the Maldives on a map, but it makes the top 20 richest countries in Asia. The Maldives is an archipelagic state in South Asia and one of the smallest countries in the world. The Maldives was once referred to as the “Money Isles”by Arab traders for the huge amounts of cowry shells, an ancient fo...
GDP (PPP) per capita:$27,560 Kazakhstan is located primarily in Central Asia, but it also extends into part of Eastern Europe. It is the largest landlocked country in the world and has one of the lowest population densities of any country. The economy of Kazakhstan is largely supported by its access to oil and natural gas, which enabled it to becom...
GDP (PPP) per capita:$29,340 In addition to ranking among the richest countries in Asia, Malaysia is one of the safest countries in the world. It’s located in Southeast Asia and has the fourth-largest economy in the region. International trade is one of the most productive industries in Malaysia and employs around 40% of the labor forcein the count...
GDP (PPP) per capita:$30,404 While it may not seem like it’s on the same continent as Malaysia and Thailand, Oman is technically located in Asia. It’s also one of the richest Arab countries in the world, situated at the eastern end of the Arabian Peninsula in the Middle East. The great majority of Oman’s economic success is tied to oil exports, on ...
GDP (PPP) per capita:$32,278 It’s worth noting that although Turkey is located mostly on the Asian continent, it also stretches into Eastern Europe. The European portion of Turkey accounts for 3% of the country’s land mass and 14% of its population. One of the strengths of Turkey’s economy is its diversity. There are strong private and state sector...
GDP (PPP) per capita:$41,507 Kuwait is among the 10 richest Arab countries in the worldand comes in at number 14 on this larger list of wealthy Asian countries. Although recent efforts have been made to diversify Kuwait’s economy, it is still heavily dependent on oil. The Kuwaiti government owns the Kuwait Petroleum Corporation (KPC), which runs th...
GDP (PPP) per capita:$41,595 It may come as a surprise that Cyprus is included in this list of richest Asian countries. In most contexts, Cyprus is not associated with Asia — instead, it has very strong political and cultural ties to Southern Europe. However, Cyprus is geographically located in Western Asia. Cyprus has a mixed economy, and although...
- Qatar - $134,623. Based on GDP per capita, Qatar is the richest country in both Asia and the world. This country is in the Middle East in the Arabian Peninsula and its capital is Doha.
- Singapore - $103,717. In the second position is Singapore, which is a small island country located by the southern tip of the Malay Peninsula. Zenith-spot says that Singapore is the third leading financial center in the world and that it plays an important role in international finance and trade.
- Brunei Darussalam - $83,777. Brunei Darussalam, often simply referred to as Brunei, is the third richest country in Asia and the fifth richest country in the world based on GDP per capita.
- United Arab Emirates - $70,474. The economy of the United Arab Emirates is the second highest in the Middle East, the fourth highest in Asia, and the eighth highest in the world.
Top 10 Richest Countries in Asia. Focusing on the economic landscape of Asia, the Gross Domestic Product (GDP) figures reveal significant disparities. At the forefront, China dominates with an impressive GDP of $19.4 trillion, followed by Japan with a strong economy valued at $4.4 trillion.
Jun 3, 2023 · We selected the 21 richest countries in Asia based on total wealth, ranking the list in ascending order of wealth. The State of Qatar, situated in Western Asia, is a nation whose major city is ...
