Top Ten Biggest Economies in Asia 2011-2012
Being the biggest and most populated continent in the world, Asia’s share in the global economy have been comparatively low. But in last few decades, new Asian economic powerhouses have emerged and have taken center stage in the global economy. Here are the top ten biggest economies in Asia 2011-2012.
China: It is richest country in Asia. It has nominal GDP (PPP) of 8.8 trillion dollars .GDP per capita of china is $ 6,100.
Japan: It is the second richest country of Asia. GDP (PPP) of Japan is $ 5 trillion and GDP (Per capita) is $ 32,600. Japan is the world’s fourth largest exporter and fifth largest importer. Japan owns 11 top Companies in the world out of top 100.
India: It is the third richest country in Asia having $ 3.548 trillion, GDP per capita of India is $ 3, 1000 with growing population. India is the third wealthiest nation of Asia having a fastest growing economy which is progressing at a rate of 7% per year.
Russia: It is the fourth richest country of Asia having $ 2.103 trillion GDP, Russia mostly earns her revenue from Oil, Gas, Timber and Metals and these exports account for 80% of her exports. Russia has sixth largest economy in the world while fourth largest in Asia.
South Korea: It is a huge technological country in the world. South Korea has the most skilled employment and technology leaning exports. It is the eight largest exporters in the world. Its GDP (PPP) is 1.343 trillion and GDP per capita is $ 27,700.
Indonesia: It is the largest economy in Southeast Asia. Indonesia’s estimated GDP (PPP) for 2009 was $ 968.5 billion while GDP per capita is $ 4,000. Major economic sectors are Services Sector (45.3% of GDP), Industrial Sector (40.7%) and Agricultural Sector (14.0%).
Iran: It is seventh richest country of Asia having $ 876 billion GDP (Purchasing power parity) while GDP per capita of Iran is $ 12,900.
Turkey: It is the eighth wealthiest state in the world. Turkey is popular for her fruit export and tourism. GDP (Purchasing power parity) of Turkey is $861.6 billion while GDP per capita is $ 11,200 and population is 76,805,524.
Taiwan: It is among the smallest countries of Asia and it is one of the industrialized developed countries known as the “Four Asian Tigers”. It is ninth richest country of Asia having $ 693.3 billion GDP (PPP) in her account.
Saudi Arabia: The major creation of Saudi Arabia is “Black Gold” or oil which financial gives for 90% of her revenue. It is tenth richest country of Asia having $ 581.3 billion GDP (PPP) in her account. Saudi Arabia’s population is 28,686,633 with $ 20,300 GDP per capita.