Qatar is the richest and most developed country in Asia. Qatar is located near Gulf of Persia. The GDP (PPP) per capita of of Qatar is $127,523. Qatar has a well-developed oil exploration industry where the petroleum industry accounts for 70% of its government revenue, 60% of its GDP and 85% of its export earnings. Because of its wealth and economic success, it has been chosen as the host of the 2022 FIFA World Cup, the first Arab nation to ever hold this role. However, Qatar is also the most controversial country on the list for its use of forced labour from nations throughout Asia and parts of Africa.
Singapore is the most developed country in Asia. The economy of Singapore is a highly developed free-market economy. Singapore’s economy has been ranked as the most open in the world, 7th least corrupt, most pro-business, with low tax rates and has a fastest economic growing rate. Singapore Dollar is the official currency of Singapore. It GDP grows with a rate of 2.0 annually. According to the report of World Bank issued in 2016 the Gross Domestic Product of Singapore is 297 billion USD. 80 percent of population uses internet in Singapore.
03. Hong Kong:
As one of the world’s leading international financial centres, Hong Kong’s service-oriented economy is characterized by its low taxation, almost free port trade and well established international financial market. Hong Kong dollar is the official and generally accepted currency in Hong Kong. Gross Domestic According to the report of World bank Product per Capita of Hong Kong is 43650 USD. More than 76% population uses internet.
04. South Korea:
The economy of Cyprus is classified by the World Bank as a high-income economy, and was included by the International Monetary Fund in its list of advanced economies in 2001. According to report of World Bank released in 2016 the GDP per capita is 23,324.20 USD.
09. Kingdom of Saudi Arabia:
Annual GDP growth rate of economy of KSA is 1.7% annual change. Gross domestic product of Saudi Arabia is 646.4 billion USD (2016) according to the report of World Bank. The economy of Saudi Arabia is an oil dependent economy and has strong government control over major economic activities. The Saudi economy is the largest in the Arab world.
10. United Arab Emirate: