Asia is the world's largest and most populous continent. It covers 8.6% of the Earth's total surface area (or 29.9% of its land area) and with approximately 4.1 billion people, it takes up 60.3% of the world's current human population. Chiefly in the eastern and northern hemispheres, Asia is traditionally defined as part of the landmass of Eurasia, with the western portion of the latter occupied by Europe, lying east of the Suez Canal, east of the Ural Mountains, and south of the Caucasus Mountains and the Caspian and Black Seas. It is bounded on the east by the Pacific Ocean, on the south by the Indian Ocean, and on the north by the Arctic Ocean. Given its size and diversity, Asia a toponym dating back to classical antiquity is more a cultural concept incorporating a number of regions and peoples than a homogeneous physical entity.

The economy of Asia comprises more than 4 billion people (60% of the world population), living in 46 different states. Six further states lie partly in Asia, but are considered to belong to another region economically and politically.

As in all world regions, the wealth of Asia differs widely between, and within, states. This is due to its vast size, meaning a huge range of differing cultures, environments, historical ties and government systems. The largest economies in Asia in terms of nominal GDP are Japan, China, India, and South Korea. Economies range from Japan, as the world's second largest economy by nominal GDP, to Cambodia as one of the poorest. In terms of GDP by purchasing power parity, China has the largest economy in Asia and the second largest economy in the world, followed by Japan and India as the world's third and fourth largest economies respectively.

Wealth (if measured by GDP per capita) is mostly concentrated in east Asian countries such as Japan and South Korea, as well as in Singapore and in Middle Eastern countries such as Saudi Arabia, Qatar, and United Arab Emirates. Asia, with the exception of Japan, is currently undergoing rapid growth and industrialization spearheaded by China and India the two fastest growing major economies in the world. While east Asian and southeast Asian countries generally rely on manufacturing and trade for growth, countries in the Middle East depend more on the production of commodities, principally oil, for economic growth. Over the years, with rapid economic growth and large trade surplus with the rest of the world, Asia has accumulated over US$4 trillion of foreign exchange reserves more than half of the world's total.

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