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According to the latest statistics released by the World Bank in 2024, among the Asian countries in 1994, Japan ranked first in terms of gross domestic product(GDP), with a total economic volume of $4998.8 billion; China ranked second in terms of GDP, with a total economic volume of $564.4 billion; South Korea ranked third in terms of GDP, with a total economic volume of $463.62 billion; India ranked fourth in terms of GDP, with a total economy of $327.28 billion; and Taiwan, with a total economy of $256.5 billion, ranked fifth in GDP.