If we previously discussed the richest countries in the world, this time we take a peek at the wealth of countries in Asia in 2023.
The Asian continent is a gathering place for some of the world’s biggest businesses. The reason is not infrequently many Asian countries are included in the top 50 richest people in the world.
Many countries of the continent have various businesses. Starting from high fashion, star restaurants, Michelin, technology to private yachts that line the harbor.
These great Asian countries have become prosperous and rich because they have various economic powers and great political ways.
So, this time we will discuss the 7 richest countries on the Asian continent based on GDP per capita in 2023.
1. Singapore – USD140.280
Singapore is currently the richest country in Asia. Despite having limited natural resources, Singapore has far better governance than Indonesia. That’s why the country continues to experience economic growth every year.
Singapore itself has now become a business center not only in Asia, but many American companies have opened business there.
2. Qatar – USD123.039
The country that is hosting the 2022 world cup is in second place as the richest country in Asia.
Abundant oil reserves make Qatar a developed country with a GDP that continues to increase.
Not infrequently many luxury sports cars are parked in public places when you visit the country.
3. United Arab Emirates – USD 81,753
This country of sultans occupies the third position as the richest country in Asia in 2023.
The business and tourism sectors are big Economic winners in the United Arab Emirates.
4. Bahrain – USD60.532
Bahrain is in fourth position as the richest country in Asia. With its strategic location, the country is able to take advantage of its position as a trade center between European, Asian and African countries.
Plus the Bahraini leader has good economic policies unlike in our country Indonesia.
5. Saudi Arabia – USD 58,736
Saudi Arabia has always been one of the richest countries in Asia, mainly because of its vast oil reserves.
The discovery of oil in the 1930s transformed the Saudi economy, leading to rapid development and growth.
Even today Saudi Arabia is one of the largest oil producers and exporters in the world.
6. Israel – USD 54,750
Israel is also the 6th richest country on the Asian continent. Israel Unlike many other Asian countries is heavily dependent on natural resources or cheap labour.
The State of Israel has built its economy around technology and knowledge-based industries. That’s why it’s a rich country.
7. Kuwait – USD 53,841
In the seventh position of the richest country in Asia is occupied by Kuwait. Kuwait’s wealth is also closely related to abundant oil reserves.
Plus the policy there is a great government by prohibiting foreign companies from becoming producers (managing their own wealth).
Unlike many other Asian countries that have experienced economic growth in recent years, Kuwait’s wealth lies largely in its natural resources.
Source : Belitong Ekspres