What is the richest country in Asia?
SingaporeThe city-state of Singapore is the wealthiest country in Asia, with a per-capita income of $58,480.
Singapore owes its wealth not to oil but rather to a low level of government corruption and a business-friendly economy..
What is the poorest region in Asia?
In fact, 270 million are considered poor, making India the poorest country in the region followed by Bangladesh where 18.5% of population is below the poverty line. The headcount indices of Nepal, Pakistan and Maldives are 15.0%, 6.1% and 7.3% respectively.
Is Philippines a poor or rich country?
The Philippines is a country rich both in natural resources (e.g., nickel, copper, gold, silver, and chromium), and human resources (close to 104 million people). But it remains poor. The Gross Domestic Product per capita in Philippines was last recorded at 2639.90 US dollars in 2015, according to Tradingeconomics.com.
Is Philippines poorer than India?
“Basically, the story is the same for these two countries. They are both still relatively poor, meaning there is a lot of potential for catch up,” says Kuijs. Indeed, India’s per capita GDP is close to one-fourth that of China’s, while the Philippines’ per capita GDP is close to one-third of China’s—see table.
Is Philippines the poorest country in Asia?
The report includes only seven Southeast Asian countries. In 2010, on the other hand, the poorest country was Lao PDR (38.1 percent poor), followed by Indonesia (28.0 percent) and the Philippines (25.9 percent). Thus, both Vietnam and Cambodia overtook the Philippines in poverty reduction.