Top 10 Richest Asian Countries

Top 10 Richest Asian Countries

Asia is one of the largest regions on the globe according to area and population. Asia is the most populous nation on the planet. At present world, Asia is the fastest growing continent which is situated primarily in the Eastern and Northern Hemispheres. We can evaluate the wealth or richness of a particular country by calculating the Gross Domestic Product (GDP). The GDP specifies the wealth of a country economy. Here, on this webpage, we are described the top 10 wealthiest Asian Countries in terms of GDP per capita.

  1. Bahrain

Bahrain is an Arab constitutional sovereignty in the Persian Gulf. It is an island nation in the Middle East that is attached to Saudi Arabia through the King Fahd Causeway. Bahrain is the area of the ancient Dilmun civilisation. Bahrain has a rapidly-growing economy in the Arab region. The economy of Bahrain is highly dependent on Tourism and Banking sector. Bahrain’s financial sector is one of the most successful in the world and becomes a world’s fastest growing financial areas around the globe. With a per capita GDP of $22,354, it is the tenth richest country in Asia.

  1. Brunei

Brunei is a small country on the island of Borneo, in two different sections encompassed by Malaysia and the South China Sea.  Brunei Darussalam is the full name of this Brunei nation. It is well-known for its beaches and biodiverse rainforest. The rich and important factors like welfare measures, efficient government regulation, and a favourable environment for entrepreneurship improve the growth of Brunei’s economy. Brunei ranks as the nineth richest country in Asia by per capita GDP of $26,938.

  1. Korea

South Korea is the historical place located in East Asia in the southern part of the Korean Peninsula. Korea has a diverse economy and one of the wealthiest country in Asia with a per capita GDP of $27,538. the South Korea is a developed country and it is well-known for its internationally famed brands such as  Samsung and LG Electronics. The country has a extremely skilled, trained  and educated personnel. Korea is the eight wealthiest or richest country in Asia.

  1. Israel

Israel is also the richest country in Asia that is located in the Middle East on the southeastern shore of the Mediterranean Sea and the northern shore of the Red Sea. The nation contains geographically mixed features within its comparatively small region. The main economic origins of Israel are raw materials, military equipment, investment goods, rough diamonds, fuels, grain, and consumer goods. The other economic resources are machinery and equipment, software, cut diamonds, agricultural products, chemicals, and textiles and clothes. The GDP per capita of Israel is $37,292, the seventh highest in Asia.

  1. United Arab Emirates

United Arab Emirates (UAE) is a federal absolute monarchy sovereign state which is located in Western Asia at the southeast end of the Arabian Peninsula. The United Arab Emirates as the 26th top country for conducting business.The economy of United Arab Emirates is highly based on the top exporting of oil revenues ,natural gas and petroleum. Rice, fish, and meat are the traditional food of the people who live in the United Arab Emirates. Tourism plays an important role and acts as a growth sector in the economy of United Arab Emirates nation. With a per capita GDP of $37,622, it is the sixth richest country in Asia.

  1. Japan

Japan is also an autonomous and sovereign island country in East Asia which is situated in the Pacific Ocean. Japan basically lies on the eastern coast of the Asian mainland and extends from the Sea of Okhotsk in the north to the East China Sea and China in the southwest. Japan is one of the most innovative countries all over the world and the biggest creditor nation universally. After the United States, China and India, Japan is the fourth largest national economy in the world. The vital economic sources of Japan are motor vehicles, electronics, machine tools, steel, metals, ships, chemical substances, textiles, and processed foods. It ranks fifth on the list with an average per capita income of $38,894.

  1. Hong Kong

Hong Kong is a financial powerhouse and autonomous region in East Asia. It is a Special Administrative Region(SAR) in China and highly populated area in the entire world. Hong Kong has a capitalist diverse service economy, basically distinguished by minimum government market involvement, low taxation, and an established international financial market. The economic growth of Hong Kong has been almost exclusively based on international trade and finance.  Hong Kong is one of the top-rated international financial centres in the world and has low taxation rates. Hong Kong ranks fourth on our list with a per capita GDP of $43,681.

  1. Singapore

Singapore is an island country in Southeast Asia. The territory of Singapore consists of one main island along with 62 other islets. Singapore is also known as global commerce, finance and transport hub. It ranks the 3rd highest GDP per capita. The major fact about this country, it is thoroughly ranked in the field of education, healthcare, quality of life, life expectancy, personal safety and housing. Singapore has an extremely developed market economy, historically based on extended entrepot trade. With a per capita GDP of $52,960, it is the third richest country in Asia.

  1. Qatar

Qatar is a peninsular Arab country or is a sovereign country located in Western Asia whose territories comprises dry desert and a long Persian Gulf shoreline of seaside, hillock and dunes. The main economic sources of this country are the export of liquefied natural gas and petroleum. This Qatar country is the leading exporter of the liquefied natural gas. In the year 2012, it was evaluated that Qatar would invest over $120 billion in the energy field in the next 10 years. It is the richest sovereign wealth funds in the world. It ranks as the second richest country in Asia by per capita GDP of$59,330.

  1. Macau

The Macau Special Administrative Region of the People’s Republic of China is one of the richest Asian nations and also the wealthiest country in the world. It’s population is around 600, 000 of people who can occupy an area of 11.8 square meters making the country most populated region all over the globe. The major sources of the economy of the company are gambling, tourism, clothing, textiles, footwear, toys, electronics, gaming, hospitality industry, machinery and parts. Moscow is the northernmost and coldest megacity and metropolis on Earth.