Asia Economy

Economy
Main articles: Economy of Asia, List of Asian countries by GDP, List of countries in Asia-Pacific by GDP (nominal), and List of Asian and Pacific countries by GDP (PPP)

Singapore has one of the busiest ports in the world and is one of the world’s largest foreign exchange trading centers.
Asia has the largest continental economy by both GDP Nominal and PPP in the world, and is the fastest growing economic region.[52] As of 2018, the largest economies in Asia are China, Japan, India, South Korea, Indonesia and Turkey based on GDP in both nominal and PPP.

[53] Based on Global Office Locations 2011, Asia dominated the office locations with 4 of the top 5 being in Asia: Hong Kong, Singapore, Tokyo and Seoul.[54] Singapore is also known for its upscale infrastructure and as an aviation, financial and technological hub. It is also one of the only few sovereign city-states to exist in contemporary history. Notwithstanding, it has been highly ranked as one of the most livable cities in the world, especially in regards to education, healthcare, infrastructure and safety.[55]

In the late 1990s and early 2000s, the economies of China[56] and India have been growing rapidly, both with an average annual growth rate of more than 8%. Other recent very-high-growth nations in Asia include Israel, Malaysia, Indonesia, Bangladesh, Thailand, Vietnam, and the Philippines, and mineral-rich nations such as Kazakhstan, Turkmenistan, Iran, Brunei, the United Arab Emirates, Qatar, Kuwait, Saudi Arabia, Bahrain and Oman.