IMF ranked ASIAN countries by Nominal GDP (1980-2027) - LATEST UPDATE, Oct.2022
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IMF ranked ASIAN countries by Nominal GDP (1980-2027) - LATEST UPDATE, Oct.2022
Source: IMF, World Economic Outlook October 2021
The largest economies in Asia in terms of gross domestic product (GDP) are China, Japan, India, South Korea, Indonesia, Saudi Arabia, Turkey, Taiwan, Thailand, and Iran.
Total wealth (as well as overall GDP) is mainly concentrated in East Asia, South Asia, and Southeast Asia, while if measured by GDP per capita; is mostly concentrated in Japan, South Korea, Taiwan, Hong Kong, Macau, Singapore, and Brunei, as well as in oil-rich countries in West Asia such as Saudi Arabia, Qatar, United Arab Emirates, Bahrain, Kuwait, and Oman. Israel and Turkey are also two major economies in West Asia. Israel (entrepreneurship in diversified industries) is a developed country, while Turkey (founding member of OECD) is an advanced emerging country. Asia, with the exception of Japan (heavy industry and electrical sophistication), South Korea (heavy industry and information and communication technology), Taiwan (heavy industry and hi-tech parts manufacturing), Hong Kong (financial industry and services), and Singapore (high-tech manufacturing, biotechnology, financial and business services and tourism) in recent years, is currently undergoing rapid growth and industrialization. China (manufacturing and FDI-led growth) and India (commodities, outsourcing destination, and computer software) are the two fastest-growing major economies in the world.
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