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:
Korean Currency Won is used over there. South Korea is an East Asian nation on the southern half of the Korean Peninsula, shares one of the world’s most heavily militarized borders with North Korea. It’s equally known for its green, hilly countryside dotted with cherry trees and centuries-old Buddhist temples, plus its coastal fishing villages, sub-tropical islands and high-tech cities such as Seoul, the capital. According to the report of World Bank in 2016 the GDP per capita of South Korea was 27,539 USD and its annual GDP rate 2.8.
The annual growth rate of Japan is 1.0 percent and the Per capital GDP of Japan is 38,894.47 USD (2016). The economy of Japan is the third-largest in the world by nominal GDP and the fourth-largest by purchasing power parity. and is the world’s second largest developed economy. In richness it is the fifth richest country in the continent of Asia. Japan is a member of the G7.
Sixth richest country in Asia. Brunei is a tiny nation on the island of Borneo, in 2 distinct sections surrounded by Malaysia and the South China Sea. It’s known for its beaches and biodiverse rainforest, much of it protected within reserves. The capital, Bandar Seri Begawan, is home to the opulent Jame’Asr Hassanil Bolkiah mosque and its 29 golden domes. The capital’s massive Istana Nurul Iman palace is the residence of Brunei’s ruling sultan.
Capital: Bandar Seri Begawan
According to the World Bank’s Report 2016, the GDP per capita of Israel is 37,292.61 USD and the annual growth rate is 4.0% annual change. Which includes the Israel in top ten list of the richest countries.
The economy of Israel is technologically advanced by global standards. As of 2015, Israel ranks in the top 20 nations in the world on the UN’s Human Development Index, which places it in the category.
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:
Currency of United Arab Emirates is UAE dirham. Its GDP per capita is 37,622.21 USD (2016) according to the report of World Bank. Gross domestic product is 348.7 billion USD (2016) World Bank GDP growth rate: 3.0% annual change (2016) World Bank. The economy of the United Arab Emirates is the second largest in the Arab world, with a gross domestic product of $403.2 billion in 2014. The United Arab Emirates has been successfully diversifying its economy.