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.
Region rank | Country/Territory | 2024 GDP (nominal) in billions |
— | Asia | 42.72 trillion |
1 | China | 18.53 trillion [2] |
2 | Japan | 4.11 trillion [3] |
3 | India | 3.93 trillion [4] |
4 | South Korea | 1.76 trillion |
5 | Indonesia | 1.47 trillion |
6 | Turkey | 1.11 trillion |
7 | Saudi Arabia | 1.11 trillion |
8 | Taiwan | 803.0 billion |
9 | Thailand | 548.9 billion |
10 | Israel | 530.6 billion |
11 | United Arab Emirates | 527.8 billion |
12 | Singapore | 525.2 billion |
13 | Philippines | 471.5 billion |
14 | Vietnam | 465.8 billion |
15 | Bangladesh | 455.16 billion |
16 | Malaysia | 445.5 billion |
17 | Hong Kong (SAR) | 406.8 billion |
18 | Iran | 403.5 billion |
19 | Pakistan | 374.9 billion |
20 | Kazakhstan | 296.8 billion |
21 | Iraq | 265.6 billion |
22 | Qatar | 246.3 billion |
23 | Kuwait | 184.8 billion |
24 | Oman | 114.7 billion |
25 | Uzbekistan | 101.8 billion |
26 | Turkmenistan | 91.1 billion |
27 | Sri Lanka | 85.4 billion |
28 | Azerbaijan | 80.9 billion |
29 | Myanmar | 79.3 billion |
30 | Macau (SAR) | 54.7 billion |
31 | Jordan | 53.6 billion |
32 | Bahrain | 46.8 billion |
33 | Nepal | 46.1 billion |
34 | Cambodia | 45.2 billion |
35 | Lebanon | 38.1 billion |
36 | Cyprus | 34.3 billion |
37 | Georgia | 36.6 billion |
38 | Armenia | 27.5 billion |
39 | North Korea | 24.5 billion |
40 | Syria | 22.4 billion |
41 | Mongolia | 22.1 billion |
42 | Yemen | 21.9 billion |
43 | Palestine | 19.8 billion |
44 | Laos | 19.1 billion |
45 | Brunei | 16.4 billion |
46 | Kyrgyzstan | 13.7 billion |
47 | Tajikistan | 13.2 billion |
48 | Maldives | 8.21 billion |
49 | Afghanistan | 7.43 billion |
50 | Bhutan | 3.31 billion |
51 | Timor-Leste | 3.25 billion |
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.
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.
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.
The economy of Guyana is one of the fastest growing economies in the world with a gross domestic product (GDP) growth of 19.9% in 2021. In 2024, Guyana had a per capita gross domestic product of Int$80,137 and an average GDP growth of 4.2% over the previous decade. Guyana's economy was transformed in 2015 with the discovery of an offshore oil field in the country's waters about 190 km from Georgetown, making the first commercial-grade crude oil draw in December 2019, sending it abroad for refining.
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.
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.
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.
The national debt of Pakistan, or simply Pakistani debt, is the total public debt, or unpaid borrowed funds carried by the Government of Pakistan, which includes measurement as the face value of the currently outstanding treasury bills (T-bills) that have been issued by the federal government.
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