RICHEST AND POOREST COUNTRIES IN ASIA

As of 2021, Asia is home to more than 4.5 billion people. China and India alone have a population of about 2.8 billion. In all, there are about 7.8 billion people in the world. Asia consists of 48 states, which occupy about 30% of the total land area of the Earth. Over the past half-century, many Asian countries have made unprecedented economic progress, making Asia today responsible for 30% of world income, 40% of production, and more than one-third of trade.

Asia is a very heterogeneous part of the world, with states that vary widely in climate, population, quality of life, level of economic development and many other indicators. While Qatar and the UAE are on the list of the richest countries in the world, Afghanistan and Yemen are on the opposite side and along with some African regions are considered the poorest states of the planet.

Asia is home to a number of large economies, including China, Japan, South Korea, India and Turkey, as well as smaller, wealthy countries with vast reserves of natural resources (mostly oil and gas), such as Qatar, Brunei, UAE, Kuwait and Bahrain. Given the level of GDP per capita (purchasing power parity – PPP) according to the official data of the International Monetary Fund, let's identify the richest and poorest countries in Asia in 2021.

RICHEST ASIAN COUNTRIES – TOP 10

COUNTRY GDP PER CAPITA ($)
1. Qatar 138,910
2. Singapore 105,689
3. Brunei 85,011
4. United Arab Emirates 70,441
5. Kuwait 67,891
6. Taiwan 57,217
7. Saudi Arabia 56,912
8. Bahrain 51,911
9. Oman 48,593
10. Japan 46,827

Note. The ranking of the richest and poorest countries in Asia includes only independent (sovereign) states with open economies. For example, Macau and Hong Kong are missing here, as well as North Korea.

POOREST ASIAN COUNTRIES – TOP 10

COUNTRY GDP PER CAPITA ($)
1. Afghanistan 2,182
2. Yemen 2,312
3. Syria 2,900
4. Nepal 3,550
5. Tajikistan 3,751
6. Kyrgyzstan 4,193
7. Cambodia 5,004
8. East Timor 5,321
9. Bangladesh 5,453
10. Pakistan 6,016

Experts estimate that by about 2050, Asia will account for more than half of the world's income, and its economic and political importance in the world will reach never-before-seen proportions.

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