Finance:Asia Power Index

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The Asia Power Index is an index that measures resources and influence to rank the relative power of states in Indo-Pacific, published by the Lowy Institute annually from 2018. The Index ranks 26 countries and territories.[1]

Methodology

The index evaluates international power in Asia through 128 indicators across eight thematic measures:[2] Eight thematic measures are as follows: (Percent in parentheses indicates weighting)

  • Resources
    • Economic capability (17.5%)
    • Military capability (17.5%)
    • Resilience (10%)
    • Future resources (10%)
  • Influence
    • Economic relationships (15%)
    • Defense networks (10%)
    • Diplomatic influence (10%)
    • Cultural influence (10%)

Rankings

2022 rankings[3]
Rank Country / Territory Score Status
1  United States 80.7 Superpowers ≥ 70 points
2  China 72.5
3  Japan 37.2 Middle powers ≥ 10 points
4  India 36.3
5  Russia 31.6
6  Australia 30.9
7  South Korea 29.5
8  Singapore 25.1
9  Indonesia 19.4
10  Thailand 18.7
11  Malaysia 18.0
12  Vietnam 17.5
13  New Zealand 16.8
14  Taiwan 15.2
15  Pakistan 13.9
16  Philippines 12.8
17  North Korea 10.6
18  Brunei 10.0 Minor powers < 10 points
19  Bangladesh 9.1
20  Cambodia 7.8
21  Sri Lanka 7.5
22  Myanmar 7.5
23  Laos 6.4
24  Mongolia 5.0
25    Nepal 4.2
26  Papua New Guinea 3.3
2021 rankings[1]
Rank Country / Territory Score Status
1  United States 82.2 Superpowers ≥ 70 points
2  China 74.6
3  Japan 38.7 Middle powers ≥ 10 points
4  India 37.7
5  Russia 33.0
6  Australia 30.8
7  South Korea 30.0
8  Singapore 26.2
9  Indonesia 19.4
10  Thailand 19.2
11  Malaysia 18.3
12  Vietnam 18.3
13  New Zealand 17.8
14  Taiwan 16.2
15  Pakistan 14.7
16  Philippines 13.1
17  North Korea 11.5
18  Brunei 9.6 Minor powers < 10 points
19  Bangladesh 9.4
20  Sri Lanka 8.6
21  Myanmar 7.4
22  Cambodia 7.1
23  Laos 6.0
24  Mongolia 5.7
25    Nepal 4.5
26  Papua New Guinea 3.7
2020 rankings[2]
Rank Country / Territory Score Status
1  United States 81.6 Superpowers ≥ 70 points
2  China 76.1
3  Japan 41.0 Major powers ≥ 40 points
4  India 39.7 Middle powers ≥ 10 points
5  Russia 33.5
6  Australia 32.4
7  South Korea 31.6
8  Singapore 27.4
9  Thailand 20.8
10  Malaysia 20.7
11  Indonesia 19.9
12  Vietnam 19.2
13  New Zealand 19.0
14  Taiwan 16.7
15  Pakistan 15.2
16  Philippines 13.3
17  North Korea 12.3
18  Bangladesh 9.2 Minor powers < 10 points
19  Brunei 9.1
20  Myanmar 8.7
21  Sri Lanka 8.3
22  Cambodia 7.3
23  Laos 6.0
24  Mongolia 5.6
25    Nepal 4.4
26  Papua New Guinea 3.8

References

  1. ↑ 1.0 1.1 "Asia Power Index – Key Findings 2021". Lowy Institute. https://power.lowyinstitute.org/downloads/lowy-institute-2021-asia-power-index-key-findings-report.pdf. 
  2. ↑ 2.0 2.1 Institute, Lowy. "The 8 Measures of Power - Lowy Institute Asia Power Index" (in en). https://power.lowyinstitute.org/explore/. 
  3. ↑ "Asia Power Index – Key Findings 2023". https://power.lowyinstitute.org/downloads/lowy-institute-2023-asia-power-index-key-findings-report.pdf. 



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