There are many rich residents in Southeast Asia, and not only are the residents rich but also the resources in Asia countries add up to the wealth of this continent. Asia is the largest continent in the world and we have recorded some of the top ten Richest Countries in Southeast Asia.
These Asian countries are well-known for their natural resources, cultural heritage, fertile land, among other factors. We have classified the richest Countries in Southeast Asia based on their Gross National Income (GNI), Gross Domestic Product (GDP), and GDP per Capita.
The Wealth Of Asian Countries Based On GDP
Gross Domestic Product (GDP) is the commonly used economic indicator for determining the wealth of different countries. Asia’s wealthiest countries are measured by their net productivity in a year or period.
The current economic conditions of Southeast Asian countries are best estimated with their GDP.
Top Ten Richest Countries in Southeast Asia Based on GDP
The following are the richest Asian countries in the world according to World Bank based on their GDP and measured based on their Purchasing Power Parity (PPP)
- China, PPP: $24.27 trillion
- India, PPP: $8.91 trillion
- Japan, PPP: $5.33 trillion
- Indonesia, PPP: $3.30 trillion
- Turkey, PPP: $2.37 trillion
- South Korea, PPP: $2.23 trillion
- Saudi Arabia, PPP: $1.63 trillion
- Thailand, PPP: $1.3 trillion
- Iran, PPP: $1.1 trillion
- Pakistan, PPP: $1.08 trillion
China is the Richest Country in Southeast Asia with a Purchasing Power Parity (PPP) of $24.27 trillion. China’s total GDP is drawn mainly from the industries and construction companies in the country. The major Industries and largest economic sectors that boost the wealth of China include; automobiles, machinery, textile, coal, steel, Aluminum, Agriculture, mining, and ore processing.
China is even the largest Agriculture producing country in the world.
India is the second richest country in South East Asia. The primary economic sources of India are Agriculture, service industries, and industrial businesses. India is the producer of most crops like tea, cotton, wheat, rice, sugarcane, and p potatoes. The Indian economy is one of the fastest-growing economies in the world, though the country has a high poverty rate.
The most populous countries in the world are China and India, yet they are some of the Richest Countries in Southeast Asia.
Japan is not only one of the Richest Countries in Southeast Asia and also the third wealthiest country in Southeast Asia. Japan is commonly known as the “Land of the Rising Sun”, and is one of the most successful countries in the world.
The innovative country has a declining population accounted for by the low birth rate and increased aging and mortality rate. Japan is one of the wealthiest countries in the world, topping the list of the Asian countries with the strongest currencies.
Top Ten Richest Countries In Southeast Asia Based On GDP Per Capita
The following is the ranking of Asian richest countries based on their GDP per capita, measured from the GDP divided by the country’s population. The list below was gotten from the International Monetary Fund (IMF) on the ten richest Asian countries based on their GDP per capita
The Top Ten Richest Asian Countries Based On Their GDP Per Capita:
- Singapore, PPP: $107,680
- Qatar, PPP: $100,040
- United Arab Emirates, PPP: $74,240
- Macao, China, PPP: $67,470
- Brunei, PPP: $65,670
- Hong Kong (China), PPP: $65,400
- Taiwan, PPP: $61,370
- Bahrain, PPP: $53,130
- Saudi Arabia, PPP: $48,910
- South Korea, PPP: $48,310
Most of these rich Asian countries are wealthy because they are oil-rich, technologically advanced countries and the most business-friendly countries in the world. Some of the richest companies in the world are based in Southeast Asian countries.
Asia’s Wealthiest Countries Based On GNI
GNI measures the country’s total income and helps countries to save on their taxes while funneling their money to mainstream national finance. The following are the top ten richest countries in Southeast Asia based on their GNI. These top ten richest Asian countries were compiled from a list by the World Bank.
- Macao, China: $75,610
- Qatar: $56,210
- Singapore: $54,920
- Hong Kong (China): $48,610
- United Arab Emirates: $43,470
- Isreal: $43,070
- Japan: $41,580
- Kuwait: $36,290
- South Korea: $32,860
- Brunei: $32,230
After going through the GDP, GDP per capita, and GNI of the Asian countries, the following are the conclusive richest countries in Asia. Averages were made from the economic determiners to get these top ten richest countries in Southeast Asia.
- China: $11.22 trillion
- Japan: $4.94 trillion
- India: 2.26 trillion
- South Korea: $1.41 trillion
- Indonesia: $932.26 billion
- Turkey: $863.71 billion
- Saudi Arabia, $639.62 billion
- Iran: $425.40 billion
- Thailand: $407.03 billion
- United Arab Emirates: $348.74 billion
Asides from the richest countries in the Southeastern regions of Asia, some other nations are the poorest countries in Southeast Asia this 2022. These very poor Asian countries are; Cambodia, East Timor, and Myanmar. The wealthiest countries in Asia have some of the richest people in the world residing in their cities. Some of these nations have the richest presidents in the world.
FAQs On The Top Ten Richest Countries In Southeast Asia
Which country is the richest country in the world based on GDP?
Based on the shares of the richest countries in the world’s GDP;
The United States of America has a share of 24.08%
China has a share of 15.12%
Japan has a share of 6.02%
From the rates above, the second and third richest countries in the world which are China and Japan are the top two richest countries in Southeast Asia.
Which countries have the largest economies in the world based on GDP?
What is the current nominal GDP of the United States of America?
The current nominal GDP of America is $20.89 trillion
What is the current nominal GDP of Germany?
Germany has a Nominal GDP of $3.85 trillion