Countries With the Biggest Economy In Asia, 2024

In this report, we will discuss the largest economies in Asia measured by nominal GDP. As of 2024, China has the largest Gross Domestic Product (GDP) in Asia, valued at $17.7 trillion. Japan follows with $4.23 trillion, while India ranks third-highest on the continent with an estimated GDP of $3.73 trillion. The top 10 largest economies in ASIA are China, Japan, India, South Korea, Indonesia, Turkey, Saudi Arabia, Taiwan, Israel, and Thailand. => Full list of the largest economies in the world, 2024.

Countries With the Biggest Economy In Asia, 2024

Gross Domestic Product (GDP) is an estimation of the total value of finished goods and services produced within a country’s borders in a specific period, typically a year. It is commonly used to gauge the size of a country’s economy and its impact on the global economy. GDP is usually measured by the expenditure method, which adds up spending on new consumer goods, new investment spending, government spending, and the value of net exports. Nominal GDP in current US dollars is the most widely used method to measure and compare GDP between countries. It involves converting local prices and currencies into US dollars using currency market exchange rates. This method was used to determine the rankings of countries.

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