Total Wealth in 2021: $1,766 trillion Singapore, officially referred to as the Republic of Singapore, is a maritime Southeast Asian country.
According to the report, Singapore is currently home to 240,100 millionaires, 329 centi-millionaires, and 27 billionaires, surpassing the HNW individual count even in Asia's richest city, Tokyo.
Singapore is a major hub for international trade and finance, with a highly skilled workforce and a business-friendly environment. The country is also known for its efficient government, low tax rates, and strong intellectual property protections.
Singapore has been declared the fifth wealthiest city in the world and second-richest in Asia after Japan's Tokyo, by London-based investment migration consultancy Henley & Partners. The city has around 249,800 millionaires.
China is the largest economy in Asia, comprising nearly half of the continent's gross domestic product.
Malaysia. Malaysia is one of the most advanced countries in Asia, with a very high human development score of 0.803.
Asia's Richest Village: Asia's richest village is in Himachal | Jagran Business. Madavag village, situated at an altitude of 7774 feet, 92 km from Shimla, has neither industrialists nor people sitting on high positions in reputed companies, yet it is among the richest villages in Asia.
Singapore
Kuala Lumpur is the most underestimated place for living in the world, offering good connectivity, affordable regional airline, every cuisine, and a relatively nice apartment for a quarter million dollars. It's more livable and cheaper than Singapore, making it the writer's #1 choice.
Australia became ASEAN's first Dialogue Partner in 1974. Through major ASEAN-led arrangements, such as the East Asia Summit, ASEAN Regional Forum, ASEAN-Defence Ministers' Meeting-Plus, we collaborate closely and on the region's trade and economic agenda.
Thailand is currently more prosperous than the Philippines.
In the world, the poorest countries are mostly located in Africa and Asia, with Burundi being the poorest country followed by Somalia, Mozambique, Central African Republic, and Madagascar.
Iceland stands at the top of countries with the lowest poverty rates with a poverty rate of 4.9% in 2021.
On a mean wealth basis, Australia was the fourth-richest country in 2021 behind Switzerland, the US and Hong Kong. The average Australian adult was worth $US550,110 at the end of last year, after enjoying a $US66,350 annual increase in wealth.
The economy of India is also ranked much higher than the Philippines, both in PPP as well in nominal terms.
1. China. Dominating Asia in terms of both its size and population, China boasts one of the world's oldest civilizations.
Philippines: One of world's fastest growing emerging markets
The strong rebound from the COVID-19 pandemic during 2022 helped to drive the pace of growth of the Philippines economy to the fastest rate since 1976.
The economy of Asia comprises about 4.7 billion people (60% of the world population) living in 50 different nations. Asia is the fastest growing economic region, as well as the largest continental economy by both GDP Nominal and PPP in the world.