Category: Asia

For the complete list of nations in Asia, please visit ehistorylib.com.

Turkmenistan Economy Facts

Turkmenistan Economy Facts

Economical overview Turkmenistan’s economy is based on the production of oil, natural gas and cotton. The income from gas exports in particular is large, but the wealth is distributed unequally among the residents. Partly...

United Arab Emirates Economy Facts

United Arab Emirates Economy Facts

Economical overview Since the early 1970s, the United Arab Emirates has evolved from a very poor area to one of the world’s richest countries. The change has been possible thanks to the oil, which...

Mongolia Economy Facts

Mongolia Economy Facts

Economical overview When Mongolia became free of Soviet influence in the early 1990s, a rapid transition to market economy was made. A modern monetary economy was gaining momentum in the cities, while the countryside...

Nepal Economy Facts

Nepal Economy Facts

Economical overview Poor Nepal relies on aid and referrals (money that foreign-working residents send home to their families) to bring the country’s economy together. The own income from mainly trade, tourism and agriculture is...

Uzbekistan Economy Facts

Uzbekistan Economy Facts

Economical overview Cotton cultivation has long dominated Uzbekistan’s economy, but in recent years natural gas has taken over the role of the country’s most important export commodity. Despite a series of market reforms since...

Vietnam Economy Facts

Vietnam Economy Facts

Economical overview In just over three decades, Vietnam has been transformed from a poor agricultural nation into a lower middle-income country where industry and service account for most of the economy. This has happened...

Yemen Economy Facts

Yemen Economy Facts

Economical overview Yemen is one of the poorest countries in the Middle East. The country’s most important source of income is oil and to some extent natural gas. The oil industry has previously accounted...

North Korea Economy Facts

North Korea Economy Facts

Economical overview North Korea has yet to be one of the world’s most centrally controlled economies with an oversized heavy industry and inefficient agriculture. After economic disintegration and natural disasters in the 1990s, the...

Oman Economy Facts

Oman Economy Facts

Economical overview Since Sultan Qabus bin Said came to power in 1970, a development began in which Oman has gone from poor desert nation to modern industrial state and a regional financial and trade...

Pakistan Economy Facts

Pakistan Economy Facts

Economical overview Pakistan is South Asia’s second largest economy after India. Since the nation’s inception in 1947, the economy has mainly been based on three pillars: agriculture, textile industry and remittances (money that Pakistani...

Philippines Economy Facts

Philippines Economy Facts

Economical overview For a long time, agriculture, fishing and forestry were the backbone of the Philippines’ economy, but nowadays the service sector and manufacturing industry mean more to the economy as a whole. There...

Qatar Economy Facts

Qatar Economy Facts

Economical overview Qatar has the world’s highest per capita income. Oil and natural gas form the basis of the strong Qatari economy and together account for half of the gross domestic product (GDP), half...

Russia Economy Facts

Russia Economy Facts

Economical overview Russia has enormous natural resources, a broad industrial base and a relatively well-educated population. The manufacturing industry and the service sector are growing, but dependence on raw material production is still high....

Saudi Arabia Economy Facts

Saudi Arabia Economy Facts

Economical overview Saudi Arabia’s economy is centered around the oil. Up to 90 percent of export earnings come from the oil and gas industry, which also accounts for about half of the gross domestic...

Singapore Economy Facts

Singapore Economy Facts

Economical overview Despite the lack of its own natural resources, Singapore has since independence in 1965 developed into an industrial nation and a leading financial center. Important reasons for this are the country’s geographical...

South Korea Economy Facts

South Korea Economy Facts

Economical overview Through extensive industrialization, high savings, large investments and export-based growth, South Korea has developed into one of the world’s leading economies. But in recent years, the economy has lost momentum, partly due...

Sri Lanka Economy Facts

Sri Lanka Economy Facts

Economical overview Sri Lanka has good basic prerequisites for getting a good economy: a broad economic base with income from different industries, as well as a fairly good public health and a relatively high...

Syria Economy Facts

Syria Economy Facts

Economical overview Before the ongoing civil war, Syria had a relatively diverse economy with well-developed agriculture, good natural resources and strong traditions in trade and business. However, large sections of the population suffered from...

Taiwan Economy Facts

Taiwan Economy Facts

Economy Taiwan is considered to be one of the original so-called tiger economies, that is, the Asian states that, in the last century, quickly went from being disadvantaged and poor to strong economies. Taiwan...

Cyprus Economy Facts

Cyprus Economy Facts

Economical overview Cyprus’s economy is split in a northern Turkish Cypriot and a southern Greek Cypriot. In the south, the economy is based on the service sector, in particular on an extensive tourism industry....

Tajikistan Economy Facts

Tajikistan Economy Facts

Economical overview Tajikistan is a poor country whose economy is mainly based on aluminum production, cotton cultivation and money shipments – remittances – from Tajik guest workers in mainly Russia. All in all, it...

Thailand Economy Facts

Thailand Economy Facts

Economical overview Thailand’s economy has grown rapidly since the 1950s. Growth is primarily driven by large exports, which are largely made up of electronic components made by a modern industry. An extensive tourism industry...

East Timor Economy Facts

East Timor Economy Facts

Economical overview East Timor is a country with a lot of money but with many poor residents. At the same time as oil and natural gas extraction provides good income to the state, about...

Georgia Economy Facts

Georgia Economy Facts

Economical overview Georgia is rich in natural resources and enjoys a favorable geographical location along the trade route between the Caspian Sea and the Black Sea. There are good conditions for fruit and wine...

India Economy Facts

India Economy Facts

Economical overview India has Asia’s third largest economy after China and Japan. The country has an extensive industrial and service sector, while more than half the population rely on agriculture, often for their own...

Indonesia Economy Facts

Indonesia Economy Facts

Economical overview Indonesia is Southeast Asia’s largest economy. The country has undergone extensive economic transformation since the 1998 Asian crisis and now attracts investors with a large consumer market, rich natural resources and political...

Iran Economy Facts

Iran Economy Facts

Economical overview Two circumstances have made a mark on Iran’s economy in modern times: Oil is the country’s most important export commodity; it makes society sensitive to fluctuating oil prices. And contradictions with other...

Iraq Economy Facts

Iraq Economy Facts

Economical overview Iraq has the world’s fifth largest oil resources. The country also has plenty of minerals and fertile land. During the 1970s and 1980s large investments were made in education and the future...

Israel Economy Facts

Israel Economy Facts

Economical overview Israel has gone from agricultural wonder to IT paradise. High-tech products and services have increased the world’s interest in exchanging with Israel. Government control of the economy has had to give way...

Japan Economy Facts

Japan Economy Facts

Economical overview Japan is an economic powerhouse and for many years had the world’s second largest economy after the United States. In 2010, however, China took second place. But since 1990, Japan has had...