It is a continent of opposites, home to almost 4.5 billion people. With 2.8 billion people in China and India combined, it’s no wonder that Asia accounts for 30% of global revenue, 40% of global production, and more than a third of worldwide trade. Many Asian nations have made enormous economic strides in the last 50 years, altering their society and economy.
Climate, population, quality of life, and economic growth vary greatly across Asia’s states. While Qatar and the UAE are among the richest countries in the world, Afghanistan and Yemen are among the poorest.
Asia is home to some of the world’s most powerful economies, including China, Japan, South Korea, India, and Turkey. Smaller countries with huge natural resource deposits, especially oil and gas, have also attained significant prosperity.
Top 10 Richest Asian Countries by GDP per Capita (PPP) in 2023:
- Singapore: $131,426
- Qatar: $113,675
- United Arab Emirates: $77,272
- Brunei: $74,196
- Taiwan: $69,500
- Bahrain: $57,921
- Saudi Arabia: $55,802
- South Korea: $53,574
- Israel: $52,173
- Kuwait: $51,528
On the other end of the scale, numerous Asian countries suffer economic obstacles, which are frequently the result of political instability, a lack of resources, or geographical limits.
Top 10 Poorest Asian Countries by GDP per Capita (PPP) in 2023:
- Yemen: $2,136
- Afghanistan: $2,474
- East Timor: $3,904
- Nepal: $4,677
- Tajikistan: $4,803
- Myanmar: $4,830
- Cambodia: $5,583
- Kyrgyzstan: $5,771
- Pakistan: $6,662
- Bangladesh: $7,985