Top 25 Richest Countries In Asia 2020
Top 25 Richest Country In Asia 2020
Top 20 Richest Country In Asia 2020
Top 15 Richest Country In Asia 2020
Top 10 Richest Country In Asia 2020
In 18th, 19th and 20th Century Europe, western world was the richest place on the earth. But in 21st century Asia again overtake the west in terms of Nominal GDP. Let’s see Top-25 Richest Country In Asia.
The different phases of economic cycles toss economies around the world. However, it’s interesting to see that these top economies don’t budge easily from the positions they hold. When compared to the top 20 economies of 1980, 17 are still present on the list, which means only three new entrants.
In addition to the key players remaining almost the same, this analysis reveals these economies are the engine of growth, commanding a majority of the global wealth. The nominal GDP of the top 10 economies adds up to about 66% of the world’s economy, while the top 20 economies contribute almost 79%.1 The remaining 173 countries together constitute less than one-fourth to the world’s economy.
The economy of Asia comprises more than 4.5 billion people (60% of the world population) living in 49 different nations. Six further states lie partly in Asia, but are considered to belong to another region economically and politically. Asia is the fastest growing economic region, as well as the largest continental economy by both GDP Nominal and PPP in the world. Moreover, Asia is the site of some of the world’s longest modern economic booms, starting from the Japanese economic miracle (1950–1990), Miracle on the Han River (1961–1996) in South Korea, economic boom (1978–2013) in China and economic boom in India (1991–present).
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