5) Indonesia – GDP: $867.468 Billion
The Indonesian archipelago has been an important trade region since the seventh century. The nation has a mixed economy. Indonesia is the largest economy in Southeast Asia. The industry sector accounts for more than 45 percent of GDP. The nation is blessed with extensive natural resources.
4) South Korea – GDP: $1.308 Trillion
South Korea is one of the G-20 major economies. This developed nation is a high-income economy. It is the most industrialized member of the OECD. It is the only developed nation to have been included in the group of Next Eleven nations. Its economy is heavily dependant on international trade.
3) India – GDP: $2 Trillion
India is one of the world’s fastest growing economies. Indian labor force is the second largest in the world. The service sector makes up 55.6 percent of GDP. Despite impressive economic growth, India faces many socioeconomic challenges. The nation has the largest concentration of people living below the poverty line.
2) Japan – GDP: $4.846 Trillion
This island nation is a developed economy. Tokyo is the capital of Japan. The Tokyo Stock Exchange is the largest stock exchange in Asia. Japan is a member of the Group of Eight. The nation has the largest electronic goods industry. It is one of the most innovative countries in the world.
1) China – $10.028 Trillion
China is the world’s most populous nation and the second largest economy in the world after United States. The nation has a social market economy. It is the world’s fastest growing major economy with average annual growth rates of 10%. China is a global hub for manufacturing. The nation plays a vital role in international trade. It is the largest exporter of goods.
The above-mentioned nations have immense growth potential.
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