Top 10 Richest Countries in Asia 2019

World Ranking - Nominal GDP Per capita is often used as an indicator of the population's standard of living, because it reflects the average wealth of everyone living in a country. So to determine a country belonging to a rich or poor country can refer to the nominal GDP per capita. Entering 2019, projections have been made on the value of GDP per capita of countries in Asia and even the world to obtain an overview of the richest countries currently and how this ranking will change in the future.

The following are the 10 countries listed as the richest countries in Asia by 2019:

10. Bahrain

Manama City - Bahrain's capital (Source: Wikimedia Commons)

Bahrain is a small Arab country in the form of a monarchy in the Persian Gulf and has a capital in Manama City. Bahrain is a small archipelago located near the west coast of the Persian Gulf in the Middle East. The area of this country only reaches 780 km2 or almost the equivalent of the area of DKI Jakarta, Indonesia. Bahrain is the third smallest country in Asia after the Maldives and Singapore. Nevertheless, Bahrain is a country that is rich in petroleum and is the first country to send oil in the Persian Gulf. Bahrain also has a large investment in the Banking and Tourism sector with several large-scale financial institutions in the Manama City. Bahrain has a high level of the Human Development Index and is known by the World Bank as a high-income country. The nominal value of GDP per capita in Bahrain is $ 26,083.

9. Taiwan

Taipei - the capital of Taiwan (Source: Wikimedia Commons)

Taiwan is an island-shaped country located in the East Asia region. The closest countries bordering Taiwan are the People's Republic of China in the west, Japan in the northeast and Philippines in the south. The capital of Taiwan is Taipei. Taiwan is the most populous country and with the largest economic growth that is not a member of the United Nations. The country's GDP growth has always experienced a very good increase, recorded having an average growth of 8% in the last 3 decades. Exports grew rapidly, inflation and unemployment rates were low, high trade surpluses made this country included in the list of one of the richest countries in Asia. The nominal value of GDP per capita in Taiwan is $ 26,309.

8. Kuwait

Kuwait City - The Capital of Kuwait (Source: Flickr)

Kuwait is a monarchist country that has abundant oil wealth. Kuwait is on the coast of the Persian Gulf, Middle East, and borders Saudi Arabia in the south and Iraq in the north. The state capital of Kuwait is Kuwait City. Kuwait is only a small country with a population of only 4.2 million (2014) and even more than half of it is migrants. But Kuwait was able to occupy the highest rank in the Human Development Index across the Arabian Peninsula which was recorded in 2001 until 2009. The currency of Kuwait, Dinar has the highest exchange rate in the world, 1 Kuwaiti Dinar is equivalent to IDR 45,000, of course far outperforms Dollars and Euros. Kuwait is a country that is very indulgent in its population by providing free educational facilities, free health services, free public recreation areas, and all roads are paved smoothly to all corners of the village. The nominal value of the Kuwaiti GDP per capita is $ 28,394.

7. Brunei Darussalam

Sultan Omar Ali Saifuddin Mosque - Bandar Seri Begawan, Brunei Darussalam (Source: Flickr)

Brunei Darussalam is a sovereign country located in the Southeast Asia region and has a capital in Bandar Seri Begawan. The country is located on the north coast of the Kalimantan Island and the coastline entirely touches the South China Sea. Brunei is only a small country located within the Malaysian state which is directly adjacent to Sarawak and Sabah. At present Brunei Darussalam has the second highest Human Development Index in Southeast Asia after Singapore, so that this country can be classified as a developed country. Brunei is a rich country because it has abundant oil and natural gas reserves. In addition, Brunei is also famous for its prosperity and firmness in carrying out Islamic law, both in the fields of government and in community life. The nominal value of GDP per capita of Brunei Darussalam is $ 30,297.

6. South Korea

Seoul - Capital of South Korea (Source: Pixabay)

South Korea is in the East Asia region which covers the southern part of the Korean Peninsula. The country is bordered by North Korea in the north, yellow sea in the west, Japan which is across the Japanese sea / eastern sea, and the Korean strait in the southeast. The capital of South Korea is Seoul. South Korea has a very good market economy growth and is included in the category as one of the four East Asian Tigers. The country's export-import value is very impressive. The success of the South Korean economy was achieved at the end of the 1980s when GDP grew at an average of 8% per year until now become a developed country. In fact, it was mentioned that economic growth reached 20 times compared to neighboring North Korea. The nominal value of South Korea's GDP per capita is $ 33,495.

5. United Arab Emirates (UAE)

Abu Dhabi - Capital of UAE (Source: Pixabay)

The United Arab Emirates (UAE) is a federation of seven Emirates that are rich in petroleum, namely Abu Dhabi, Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah, and Umm al-Qaiwain. The capital of the United Arab Emirates is Abu Dhabi. UAE is the third largest oil producing country in the bay region after Saudi Arabia and Iran. The wealth of the UAE from oil and gas expenditure reached 33% of the country's GDB. And since 1973, the UAE has experienced very rapid economic growth from only a small country located in the desert to a modern country with a high standard of living. The nominal value of GDP per capita of the United Arab Emirates is $ 38,961.

4. Japan

Tokyo - Capital of Japan (Source: Flickr)

Japan is an archipelago located in the East Asia region. The country borders the Pacific Ocean to the east, the Japanese Sea in the west, and is adjacent to the People's Republic of China, Korea and eastern Russia. The capital of Japan is Tokyo. Japan is a developed country with a very good level of economic growth, and has a large GDP level, even in the top three in the balance of shopping ability. As a developed country, the Japanese population has a high standard of living and high Human Development Index. And in the field of technology, Japan is a developed country in the fields of telecommunications, machinery and robotics. The nominal value of GDP per capita in Japan is $ 41,834.

3. Hong Kong

Hong Kong City (Source: Wikimedia Commons)

Hong Kong is a city located in the southeastern part of China in the Pearl River Estuary and South China Sea. Hong Kong is famous for its expansionary development, natural deep sea ports, and very high population density. In the late 1970s, Hong Kong developed into a link between the main trade and the world financial center, so that it was considered as one of the global cities. The city has high per capita income and high Human Development Index. Hong Kong is the third most important financial center after New York and London. Even the Hong Kong currency (Hong Kong Dollar) is one of the most traded currencies in the world (ranked 8th in the world in 2010). Between 1961 and 1997, Hong Kong's gross domestic product increased 180-times while GDP per capita increased 87 times. And now Hong Kong is the third richest country in Asia, with a nominal value of GDP per capita reaching $ 50,216.

2. Singapore

Merlion Park - Singapore (Source: Wikimedia Commons)

Singapore is a small island country along the southern tip of the Malay Peninsula, Southeast Asia. The country borders the Johor Strait in the north which separates it from Malaysia, and the Singapore Strait in the south which separates it from the Riau Islands, Indonesia. Singapore is the third leading financial center in the world and is a cosmopolitan world city that plays an important role in international trade and finance. Even Singapore ports included into the category of 5 world's busiest ports. Singapore is a rich country that has the ninth largest foreign exchange reserves in the world. And since 2010, Singapore has become the fastest growing economy in the world, with a GDP growth of 17.9% in the first half of 2010. Singapore's economy relies heavily on exports and processing of imported goods, especially in manufacturing which includes the electronics sector, petroleum processing, chemicals, mechanical engineering and biomedical sciences. Currently Singapore is the second richest country in Asia, with a nominal value of GDP per capita reaching $ 62,690.

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1. Qatar

Doha - the capital of Qatar (Source: Flickr)

Qatar is an emirate country in the Middle East located in a small peninsula in the Arabian Peninsula in the West Asia region. The national capital of Qatar is Doha. Qatar borders Saudi Arabia in the south, and the Persian Gulf in the west, north and east. The Persian Gulf separates Qatar from Bahrain. Qatar has the third largest oil and gas reserves in the world and is a country with very high economic income. Qatar is classified as a country that has a very high Human Development Index and is the best among other Arab countries. At present Qatar is ranked first as the richest country in Asia, with a nominal value of GDP per capita reaching $ 65,062.