List of Asian countries by GDP

Last updated

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. [1] The top 3 largest economies in Asia are China, Japan and India.

Contents

China is the largest economy in Asia, comprising nearly half of the continent's gross domestic product.

  China (48.61%)
  Japan (11.06%)
  India (9.37%)
  South Korea (4.32%)
  Indonesia (3.49%)
  Turkey (2.89%)
  Saudi Arabia (2.58%)
  Other (17.68%)

List

GDP Nominal

Region
rank
Country/Territory
2024 GDP (nominal) in billions
Asia 42.72 trillion
1Flag of the People's Republic of China.svg  China 18.53 trillion [2]
2Flag of Japan.svg  Japan 4.11 trillion [3]
3Flag of India.svg  India 3.93 trillion [4]
4Flag of South Korea.svg  South Korea 1.76 trillion
5Flag of Indonesia.svg  Indonesia 1.47 trillion
6Flag of Turkey.svg  Turkey 1.11 trillion
7Flag of Saudi Arabia.svg  Saudi Arabia 1.11 trillion
8Flag of the Republic of China.svg  Taiwan 803.0 billion
9Flag of Thailand.svg  Thailand 548.9 billion
10Flag of Israel.svg  Israel 530.6 billion
11Flag of the United Arab Emirates.svg  United Arab Emirates 527.8 billion
12Flag of Singapore.svg  Singapore 525.2 billion
13Flag of the Philippines.svg  Philippines 471.5 billion
14Flag of Vietnam.svg  Vietnam 465.8 billion
15Flag of Iran.svg  Iran 464.1 billion
16Flag of Bangladesh.svg  Bangladesh 455.1 billion
17Flag of Malaysia 23px.svg  Malaysia 445.5 billion
18Flag of Hong Kong.svg  Hong Kong

(SAR)

406.8 billion
19Flag of Pakistan.svg  Pakistan 338.2 billion
20Flag of Iraq.svg  Iraq 297.7 billion
21Flag of Kazakhstan.svg  Kazakhstan 296.8 billion
22Flag of Qatar.svg  Qatar 246.3 billion
23Flag of Kuwait.svg  Kuwait 184.8 billion
24Flag of Oman.svg  Oman 114.7 billion
25Flag of Uzbekistan.svg  Uzbekistan 101.8 billion
26Flag of Turkmenistan.svg  Turkmenistan 91.1 billion
27Flag of Sri Lanka.svg  Sri Lanka 85.4 billion
28Flag of Azerbaijan.svg  Azerbaijan 80.9 billion
29Flag of Myanmar.svg  Myanmar 79.3 billion
30Flag of Macau.svg  Macau

(SAR)

54.7 billion
31Flag of Jordan.svg  Jordan 53.6 billion
32Flag of Bahrain.svg  Bahrain 46.8 billion
33Flag of Nepal.svg  Nepal 46.1 billion
34Flag of Cambodia.svg  Cambodia 45.2 billion
35Flag of Lebanon.svg  Lebanon 38.1 billion
36Flag of Cyprus.svg  Cyprus 34.3 billion
37Flag of Georgia.svg  Georgia 36.6 billion
38Flag of Armenia.svg  Armenia 27.5 billion
39Flag of North Korea.svg  North Korea 24.5 billion
40Flag of Syria.svg  Syria 22.4 billion
41Flag of Mongolia.svg  Mongolia 22.1 billion
42Flag of Yemen.svg  Yemen 21.9 billion
43Flag of Palestine.svg  Palestine 19.8 billion
44Flag of Laos.svg  Laos 19.1 billion
45Flag of Brunei.svg  Brunei 16.4 billion
46Flag of Kyrgyzstan (2023).svg  Kyrgyzstan 13.7 billion
47Flag of Tajikistan.svg  Tajikistan 13.2 billion
48Flag of Maldives.svg  Maldives 8.21 billion
49Flag of the Taliban.svg  Afghanistan 7.43 billion
50Flag of Bhutan.svg  Bhutan 3.31 billion
51Flag of East Timor.svg  Timor-Leste 3.25 billion

Related Research Articles

<span class="mw-page-title-main">Economy of Brunei</span>

The economy of Brunei, a small and wealthy country, is a mixture of foreign and domestic entrepreneurship, government regulation and welfare measures, and village traditions. It is almost entirely supported by exports of crude oil and natural gas, with revenues from the petroleum sector accounting for over half of GDP. Per capita GDP is high, and substantial income from overseas investment supplements income from domestic production. The government provides for all medical services and subsidizes food and housing. The government has shown progress in its basic policy of diversifying the economy away from oil and gas. Brunei's leaders are concerned that steadily increased integration in the world economy will undermine internal social cohesion although it has taken steps to become a more prominent player by serving as chairman for the 2000 APEC forum. Growth in 1999 was estimated at 2.5% due to higher oil prices in the second half.

<span class="mw-page-title-main">Economy of Burundi</span>

The economy of Burundi is $3.436 billion by gross domestic product as of 2018, being heavily dependent on agriculture, which accounts for 32.9% of gross domestic product as of 2008. Burundi itself is a landlocked country lacking resources, and with almost nonexistent industrialization. Agriculture supports more than 70% of the labor force, the majority of whom are subsistence farmers.

<span class="mw-page-title-main">Economy of Ecuador</span>

The economy of Ecuador is the eighth largest in Latin America and the 69th largest in the world by total GDP. Ecuador's economy is based on the export of oil, bananas, shrimp, gold, other primary agricultural products and money transfers from Ecuadorian emigrants employed abroad. In 2017, remittances constituted 2.7% of Ecuador's GDP. The total trade amounted to 42% of the Ecuador's GDP in 2017.

<span class="mw-page-title-main">Economy of Togo</span>

The economy of Togo has struggled greatly. The International Monetary Fund (IMF) ranks it as the tenth poorest country in the world, with development undercut by political instability, lowered commodity prices, and external debts. While industry and services play a role, the economy is dependent on subsistence agriculture, with industrialization and regional banking suffering major setbacks.

<span class="mw-page-title-main">Developed country</span> Country with a developed industry and infrastructure

A developed country, or advanced country, is a sovereign state that has a high quality of life, developed economy, and advanced technological infrastructure relative to other less industrialized nations. Most commonly, the criteria for evaluating the degree of economic development are the gross domestic product (GDP), gross national product (GNP), the per capita income, level of industrialization, amount of widespread infrastructure and general standard of living. Which criteria are to be used and which countries can be classified as being developed are subjects of debate. Different definitions of developed countries are provided by the International Monetary Fund and the World Bank; moreover, HDI ranking is used to reflect the composite index of life expectancy, education, and income per capita. Another commonly used measure of a developed country is the threshold of GDP (PPP) per capita of at least US$22,000. In 2023, 40 countries fit all four criteria, while an additional 15 countries fit three out of four.

<span class="mw-page-title-main">Net international investment position</span> Concept in economics

The net international investment position (NIIP) is the difference in the external financial assets and liabilities of a country. External debt of a country includes government debt and private debt. External assets publicly and privately held by a country's legal residents are also taken into account when calculating NIIP. Commodities and currencies tend to follow a cyclical pattern of significant valuation changes, which is also reflected in NIIP.

<span class="mw-page-title-main">Tiger Cub Economies</span> Economies of the five dominant countries in Southeast Asia

The Tiger Cub Economies collectively refer to the economies of the developing countries of Indonesia, Malaysia, the Philippines, Thailand and Vietnam, the five dominant countries in Southeast Asia.

Thailand joined the IMF on May 3, 1949 and has been the recipient of numerous IMF programs, most notably in its role as the source of contagion in the 1997 Asian financial crisis. Thailand currently has a quota of 3,211.9 million SDR's, which gives it the second most voting power in its constituency after Turkey. The IMF opened a technical assistance office in Thailand in 2012 to provide technical assistance and training to the Lao PDR and the Republic of the Union of Myanmar.

References

  1. "World Economic Outlook Database, April 2024". IMF. Retrieved 2024-05-17.
  2. "Report for Selected Countries and Subjects". IMF. Retrieved 2024-05-17.
  3. "Report for Selected Countries and Subjects". IMF. Retrieved 2024-05-17.
  4. "https://www.imf.org/external/datamapper/profile/IND". www.imf.org. Retrieved 2024-05-17.{{cite web}}: External link in |title= (help)