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According to the latest statistics released by the World Bank in 2024, among the Asian countries in 1997, Japan ranked first in terms of gross domestic product(GDP), with a total economic volume of $4492.45 billion; China ranked second in terms of GDP, with a total economic volume of $962 billion; South Korea ranked third in terms of GDP, with a total economic volume of $569.76 billion; India ranked fourth in terms of GDP, with a total economy of $415.87 billion; and Taiwan, with a total economy of $303.8 billion, ranked fifth in GDP.