Economy of Asia
| Statistics | |
|---|---|
| Population | 4.2 billion (60% of the world) |
| GDP | Nominal: US$18.515 trillion (2010) PPP: US$24.077 trillion (2010) |
|
GDP growth
|
Per capita: 7.9% (2010) |
|
GDP per capita
|
Nominal: US$4,629 (2009) PPP: US$7,041 (2009) |
| 3.37 million (2011) | |
| Unemployment | 3.8% (2010 est.) |
| Most numbers are from the International Monetary Fund.
All values, unless otherwise stated, are in US dollars. |
|
The Economy of Asia comprises more than 4.4 billion people (60% of the world population) living in 49 different states. 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 and the largest continental economy by GDP PPP in the world. China and India are currently the first and third largest economies in the world, respectively. Moreover, Asia is the site of some of the world's longest modern economic booms, starting from the Japanese economic miracle (1950–1990), Miracle of the Han River (1961–1996) in South Korea and the economic boom (1978–2013) in China.
As in all world regions, the wealth of Asia differs widely between, and within, states. This is due to its vast size, meaning a huge range of different cultures, environments, historical ties and government systems. The largest economies in Asia in terms of PPP gross domestic product (GDP) are China, India, Japan, South Korea, Indonesia, Turkey, Iran, Saudi Arabia, Taiwan, Thailand, Pakistan, Malaysia and Philippines and in terms of nominal gross domestic product (GDP) are China, Japan, India, South Korea, Russia, Indonesia, Turkey, Philippines, Saudi Arabia, Taiwan, United Arab Emirates, Thailand, Iran, Malaysia, Bangladesh and Singapore.
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