Richest Asian Countries 2006 GDP
Wealthiest Asian Nations with Fastest-Growing GDPs
China is tops in terms of GDP but falls well behind Hong Kong's GDP per capita, while Vietnam, India, Cyprus, Oman and Bahran show strong gains.
Gross Domestic Product (GDP) refers to the total value or wealth of final goods and services that a nation produces in a specified year.
Both total GDP and per capita statistics below are based on global purchasing power parity (PPP). The figures shown represent numbers converted to international dollars using PPP rates. For comparison purposes, amounts have been converted to international dollars. One international dollar has the same purchasing power in a given country as the U.S. dollar has in the United States.
Richest Asian Countries 2006: GDP Per Country
- China … $10 trillion in international$ (up 12.2% from 2005)
- Japan ... $4.2 trillion (up 4.2%)
- India … $4.2 trillion (up 9.5%)
- Korea … $1.2 trillion (up 6.4%)
- Indonesia … $959.8 billion (up 8.2%)
- Taiwan Province of China … $691.2 billion (up 6.3%)
- Turkey … $660.8 billion (up 7.1%)
- Iran … $601.7 billion (up 7%)
- Thailand … $597.4 billion (up 7.2%)
- Philippines … $462.2 billion (up 7.6%)
- Pakistan … $422.9 billion (up 9.2%)
- Saudi Arabia … $396.7 billion (up 8.7%)
- Bangladesh … $330.4 billion (up 8.4%)
- Malaysia … $312 billion (up 7.9%)
- Vietnam … $284.1 billion (up 9.7%)
- Hong Kong SAR … $263.1 billion (up 7.7%)
- Israel … $209.4 billion (up 6.6%)
- United Arab Emirates … $146.8 billion (up 7.9%)
- Singapore … $145.2 billion (up 6.6%)
- Kazakhstan … $140.4 billion (up 9.9%).
China, Japan and India generated over 60% of Asia’s total GDP in 2006.
Richest Asian Countries 2006: Fastest-Growing GDP
Overall, the world economy’s GDP grew by 5.1% in 2006 – a rate surpassed by all of Asian countries listed above except Japan.
China, Kazakhstan, Vietnam and India enjoyed the highest annual GDP gains.
While the above statistics present GDP by country, the following list takes into consideration each country’s population. These numbers are known as GDP per capita.
Richest Asian Countries 2006: GDP Per Capita
- Hong Kong … $38,127.35 in international$ (up 6.7% from 2005)
- Qatar … $33,048.62 (up 1.8%)
- Singapore … $32,866.67 (up 4.8%)
- Japan … $32,646.52 (up 4.2%)
- Israel … $30,464.39 (up 4.3%)
- Taiwan Province of China ... $30,083.97 (up 5.3%)
- United Arab Emirates … $29,142.15 (up 0.3%)
- Cyprus … $29,104.65 (up 6.7%)
- Brunei Darussalam … $25,315.21 (up 2.6%)
- Korea … $23,926.12 (up 6.2%)
- Bahrain … $23,603.86 (up 6.4%)
- Kuwait … $19,909.41 (up 3.2%)
- Oman … $18,840.92 (up 6.7%)
- Saudi Arabia … $16,743.68 (up 6%)
- Malaysia … $11,857.90 (up 6.1%)
- Kazakhstan … $9,293.54 (up 9.8%)
- Turkey … $9,106.93 (up 5.7%)
- Thailand … $9,084.04 (up 6.1%)
- Iran … $8,624.17 (up 5.2%)
- Turkmenistan … $8,548.01 (up 9.5%).
Hong Kong’s leading GNP per capita is more than 3 times higher than Malaysia’s amount per person.
Due to its dense population, mainland China’s GDP is per capita is 5 times smaller than Hong Kong’s.
Richest Asian Countries 2006: Fastest-Growing GDP Per Capita
Hong Kong, Cyprus, Oman and Bahrain had the fastest GDP growth per capita in 2006 from the prior year.
Sources for this Article
This article presents independent calculations and insights based on data drawn from the International Monetary Fund (World Economic Outlook Database, April 2007).
