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...
Category: Asia
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
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
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
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
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
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
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
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
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...
Jordan Economy Facts
Economical overview Jordan’s economy is heavily dependent on what is happening in the region. Over the years, wars, conflicts and riots in the immediate area, although not directly affected by Jordan, have had major...
Kazakhstan Economy Facts
Economical overview Kazakhstan’s economy is dominated by the oil industry; it accounts for over half of export earnings and contributes to almost a third of GDP. Falling oil prices contributed to an economic crisis...
Kuwait Economy Facts
Economical overview Since the Second World War, Kuwait has undergone dramatic development from poor desert land with pearl fishing as the main source of income to one of the world’s richest countries. Today, the...
Kyrgyzstan Economy Facts
Economical overview The poor mountain country of Kyrgyzstan has a small cultivable area and an underdeveloped industry. Kyrgyzstan is dependent on aid from Russia, China and the western world and hopes for growing foreign...
Laos Economy Facts
Economical overview Laos is one of the poorest countries in Asia. Poor communications and lack of both capital and educated manpower have left the country’s natural wealth largely unused, something that is now changing....
Lebanon Economy Facts
Economical overview Higher prices for community services such as water, electricity and telecommunications services. Close between system interruptions. Limited withdrawals from the banks. More and more people are losing their jobs. A currency that...
Afghanistan Economy Facts
Economical overview Afghanistan has an artificial war economy, developed around the presence of foreign soldiers and the many international aid and development projects after the fall of the Taliban violence in 2001. This economy...
Malaysia Economy Facts
Economical overview Since independence in 1957, Malaysia has developed from a commodity-producing developing country to an upper-middle-income country, whose economy is dominated by the manufacturing industry for export and a large service sector, including...
Maldives Economy Facts
Economical overview The backbone of the Maldives economy is tourism and fishing exports. Both industries are sensitive to economic crises in the outside world. During the 2010s, the Maldives took large loans from mainly...
Armenia Economy Facts
Economical overview Armenia is still largely an agricultural country, even though the government is investing in an expansion of the service sector. The industry that was set for military production during the Soviet era...
Azerbaijan Economy Facts
Economical overview From being poor and down, Azerbaijan has developed rapidly in recent decades through the exploitation of the country’s oil and natural gas. However, the dependence on oil exports has made the economy...
Bahrain Economy Facts
Economical overview Since the 1930s, oil and natural gas have formed the basis of Bahrain’s economy, which therefore goes up or down with the world market price of oil. A new oil and gas...
Bangladesh Economy Facts
Economical overview Bangladesh has had a strong economic development since the 1990s and in July 2015, the World Bank upgraded the country from one of the world’s “least developed countries” to “middle-income countries”. Yet...
Bhutan Economy Facts
Economical overview Bhutan’s economy is based on an ancient foundation of livestock farming and self-catering farming. Over the past two decades, the country has experienced rapid economic development, mainly through investments in tourism and...
Brunei Economy Facts
Economical overview Brunei is a rich country thanks to large resources of oil and natural gas. Revenues from oil and gas extraction dominate the entire economy. They have also enabled the Sultan to build...
Myanmar Economy Facts
Economical overview Myanmar’s economy is divided into a legal and a hidden sector. The legal economy is characterized by agriculture and forestry, oil and natural gas extraction and light industry. In recent years, tourism...
Cambodia Economy Facts
Economical overview Cambodia has always been a prominent agricultural country. A majority of the inhabitants are still dependent on mainly rice cultivation for their living. But since democratization in 1993, industry, mainly textile production,...
China Economy Facts
Economical overview According to ZhengSourcing, China’s economic development since 1978 has been faster than any other country. Since 2010, China is the world’s second largest economy after the US – measured in gross domestic...
Turkey Economy Facts
Economical overview Turkey has undergone rapid economic development since the 1990s. Intensive construction activities have given new parts of the country a new profile. Cities are linked by new roads and the general standard...
Asia Population
Asia – people Asia makes up a third of the Earth’s land area, but is inhabited by approximately 60 percent of the population. Compared to other continents, there are several different race types and...