Published on 12 May 2024 on Insider Monkey via Yahoo Finance
20 Wealthiest Countries in Asia
In this article, we will discuss the 20 wealthiest countries in Asia. If you want to skip the detailed analysis of the wealthiest Asian countries, click 5 Wealthiest Countries in Asia.
Asia's Wealth and Economy
Global wealth consists of all the assets including monetary assets and non-financial assets in all areas of the world. According to Credit Suisse's Global Wealth Report 2023, Asia is the wealthiest continent with a total wealth reported at around $177.82 trillion, including India and China, as of 2022. China alone had a total wealth of almost $84.48 trillion in 2022. The average wealth per adult in Asia-Pacific was $61,154, while China and India had a wealth per adult of $75,731 and $16,500 in 2022, respectively. Asia accounted for almost 39% of the total global wealth in 2022. The average growth rate of wealth per adult between 2000 and 2022 in Asia-Pacific was 4.06%, while it was 12.21% and 7.49% in China and India, respectively. Comparatively, the global average wealth per adult growth rate in the same period was 4.86%.