Unexpectedly Intriguing!
August 23, 2007

Political Map of Asia, 2006 Last week, we launched our latest series comparing the relative economic outputs of the nations of the world with Africa, so this week, we're turning our focus to Earth's largest, most populous and richest continent, Asia!

Once again, we've provided a dynamic ranking table to show each of the continent's countries' Gross Domestic Product (GDP) adjusted for Purchasing Power Parity (PPP), their population and GDP-PPP per Capita for 2006. As we did last week, we'll also determine each country's annualized rate of growth of their GDP-PPP per capita since 2004.

Perhaps the major change in this edition of our Asia edition is that we have not included the West Bank or Gaza since we don't have any reliable population or GDP data for either for 2006. We'll also note that we're missing 2006 GDP data for Afghanistan, Bhutan, East Timor, Macau and the Maldives, which we believe may account their low or negative annualized GDP-PPP per capita growth rates since 2004. If we find updated information for any of these countries, we'll update the table accordingly.

You may sort the data in our dynamic table below by clicking any of the column headings. Doing so will sort the data in the table from low to high value or from high to low (by clicking a column heading a second time.) To restore the original order, you'll need to refresh the page in your web browser.

We'll have some additional comments after the table. As a teaser, think about this: What do the United Arab Emirates and Azerbaijan have in common?...

Africa GDP-PPP in 2006
Country Population GDP-PPP GDP-PPP per Capita Pop. Est. Date GDP Est. Date % Change GDP-PPP per Capita, Since 2004
Afghanistan 31,056,997 21,500,000,000 692.28 July 2006 est. 2004 est. -4.2%
Armenia 2,976,372 16,940,000,000 5,691.49 July 2006 est. 2006 est. 11.2%
Azerbaijan 7,961,619 59,710,000,000 7,499.73 July 2006 est. 2006 est. 40.2%
Bahrain 698,585 18,020,000,000 25,795. July 2006 est. 2006 est. 15.9%
Bangladesh 147,365,352 336,700,000,000 2,284.8 July 2006 est. 2006 est. 8.2%
Bhutan 2,279,723 2,900,000,000 1,272.08 July 2006 est. 2003 est. -2.1%
Brunei 379,444 9,531,000,000 25,118.33 July 2006 est. 2005 est. 15.8%
Burma 47,382,633 85,200,000,000 1,798.13 July 2006 est. 2006 est. 1.7%
Cambodia 13,881,427 37,730,000,000 2,718.02 July 2006 est. 2006 est. 16.0%
China 1,313,973,713 10,170,000,000,000 7,739.88 July 2006 est. 2006 est. 17.7%
East Timor 1,062,777 370,000,000 348.14 July 2006 est. 2004 est. -2.1%
Hong Kong (China) 6,940,432 258,800,000,000 37,288.75 July 2006 est. 2006 est. 4.4%
India 1,095,351,995 4,156,000,000,000 3,794.21 July 2006 est. 2006 est. 10.3%
Indonesia 245,452,739 948,300,000,000 3,863.47 July 2006 est. 2006 est. 5.5%
Iran 68,688,433 599,200,000,000 8,723.45 July 2006 est. 2006 est. 7.9%
Iraq 26,783,383 87,900,000,000 3,281.89 July 2006 est. 2006 est. 23.7%
Israel 6,352,117 170,300,000,000 26,809.96 July 2006 est. 2006 est. 13.5%
Japan 127,463,611 4,218,000,000,000 33,091.8 July 2006 est. 2006 est. 6.1%
Jordan 5,906,760 30,000,000,000 5,078.93 July 2006 est. 2006 est. 5.7%
Kazakhstan 15,233,244 143,100,000,000 9,393.93 July 2006 est. 2006 est. 9.6%
Korea, North 23,113,019 40,000,000,000 1,730.63 July 2006 est. 2006 est. -0.9%
Korea, South 48,846,823 1,196,000,000,000 24,484.7 July 2006 est. 2006 est. 13.4%
Kuwait 2,418,393 55,910,000,000 23,118.66 July 2006 est. 2006 est. 4.3%
Kyrgyzstan 5,213,898 10,730,000,000 2,057.96 July 2006 est. 2006 est. 10.9%
Laos 6,368,481 13,630,000,000 2,140.23 July 2006 est. 2006 est. 7.3%
Lebanon 3,874,050 22,020,000,000 5,683.97 July 2006 est. 2006 est. 6.8%
Macau (China) 453,125 10,000,000,000 22,068.97 July 2006 est. 2004 est. 3.9%
Malaysia 24,385,858 313,800,000,000 12,868.11 July 2006 est. 2006 est. 14.9%
Maldives 359,008 1,250,000,000 3,481.82 July 2006 est. 2002 est. -2.8%
Mongolia 2,832,224 5,852,000,000 2,066.22 July 2006 est. 2006 est. 3.3%
Nepal 28,287,147 41,180,000,000 1,455.78 July 2006 est. 2006 est. -0.1%
Oman 3,102,229 44,530,000,000 14,354.19 July 2006 est. 2006 est. 4.6%
Pakistan 165,803,560 437,500,000,000 2,638.66 July 2006 est. 2006 est. 10.0%
Philippines 89,468,677 449,800,000,000 5,027.46 July 2006 est. 2006 est. 0.3%
Qatar 885,359 26,370,000,000 29,784.53 July 2006 est. 2006 est. 13.3%
Russia 142,893,540 1,746,000,000,000 12,218.89 July 2006 est. 2006 est. 11.7%
Saudi Arabia 27,019,731 366,200,000,000 13,553.06 July 2006 est. 2006 est. 6.2%
Singapore 4,492,150 141,200,000,000 31,432.61 July 2006 est. 2006 est. 6.4%
Sri Lanka 20,222,240 95,550,000,000 4,725. July 2006 est. 2006 est. 8.0%
Syria 18,881,361 77,660,000,000 4,113.05 July 2006 est. 2006 est. 10.7%
Taiwan (China) 23,036,087 680,500,000,000 29,540.61 July 2006 est. 2006 est. 8.0%
Tajikistan 7,320,815 9,521,000,000 1,300.54 July 2006 est. 2006 est. 7.1%
Thailand 64,631,595 596,500,000,000 9,229.23 July 2006 est. 2006 est. 6.9%
Turkey 70,413,958 635,600,000,000 9,026.62 July 2006 est. 2006 est. 10.6%
Turkmenistan 5,042,920 42,840,000,000 8,495.08 July 2006 est. 2006 est. 22.3%
United Arab Emirates 2,602,713 129,500,000,000 49,755.77 July 2006 est. 2006 est. 40.4%
Uzbekistan 27,307,134 55,750,000,000 2,041.59 July 2006 est. 2006 est. 6.4%
Vietnam 84,402,966 262,800,000,000 3,113.63 July 2006 est. 2006 est. 6.4%
Yemen 21,456,188 20,630,000,000 961.49 July 2006 est. 2006 est. 8.9%
Asia (All) 4,096,215,854 28,909,678,000,000 7,057.65 July 2006 2006 13.4%

Azerbaijan and the United Arab Emirates

The answer to our riddle above has two parts: oil and globalization! Both nations have seen their GDP-PPP per capita grow at an annual rates of more than 40%, the highest for the entire Asian continent, largely due to the large amount of revenue realized through the increased production and price for crude oil and their connections with international markets.

Like Equatorial Guinea, Azerbaijan's oil wealth lay mostly untapped until the late 1990s. Here, massive investments from Western oil companies were directed toward developing the nation's oil production infrastructure and constructing a pipeline to connect the nation's oil production through Turkey to international markets in the west.

But, newly developed oil production capability doesn't explain the United Arab Emirates' growth. When similar growth is not observed for other established oil-rich nations such as Bahrain, Brunei, Iran, Kuwait, Russia, Saudi Arabia and excluding Iraq, which is still rebounding following the lifting of economic sanctions, despite rising crude oil prices, something else must be at work.

That something else is the UAE's economic diversification compared to its oil-producing brethren in the global economy. The nation is emerging as one of the world's major financial centers, which has allowed it to significantly outpace the growth of these other nations as its economy features strong liquidity and inexpensive credit to drive internal investments.

Sources and Acknowledgements:

Previously on Political Calculations

2006 Economic and Population Data

2004 Economic and Population Data

2002 Economic and Population Data

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