5 Asian Countries with the Best Economy Right Now

In this article, we will be taking a look at the 5 Asian countries with the best economy right now. To read our detailed analysis of the Asian economy, you can go directly to see the 12 Asian Countries with the Best Economy Right Now.

5. Saudi Arabia

GDP Per Capita (2023): $68,450

GDP (2023): $2.25 Trillion

Saudi Arabia is one of the fastest-growing economies in the region. The country has a debt-to-GDP ratio of 24.1 and a Gini coefficient of 86.7%. With a GDP per capita of $68,450, Saudi Arabia ranks fifth among the Asian countries with the best economy right now.

4. Taiwan

GDP Per Capita (2023): $72,490

GDP (2023): $1.69 Trillion

Taiwan is a disputed territory and the country has a debt-to-GDP ratio of 26.6. Taiwan’s GDP per capita of $72,490 and a Gini coefficient of 69.80% make it rank among the Asian countries with the best economy right now.

3. Hong Kong

GDP Per Capita (2023): $72,860

GDP (2023): $590 Billion

Officially the Hong Kong Special Administrative Region of the People’s Republic of China has a debt-to-GDP of 6.1. Hong Kong has a GDP per capita of $72,860 and a Gini coefficient of 73.7%. Hong Kong makes it to the third spot among the Asian countries with the best economy right now.

2. United Arab Emirates

GDP Per Capita (2023): $88,960

GDP (2023): $895.17 Billion

One of the most developed and advanced economies in the world, the United Arab Emirates has a debt-to-GDP ratio of 29.4. The United Arab Emirates’ GDP per capita of $88,960 and a Gini coefficient of 86.9% make it rank second on our list of the Asian countries with the best economy right now.

1. Singapore

GDP Per Capita (2023): $133,110

GDP (2023): $753.27 Billion

By far, Singapore is the Asian country with the best economy right now. Singapore has a GDP per capita of $133,110 and a Gini coefficient of 78.8%. 

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