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←India's Economy Outweighs 11 of 14 APEC Members in Our Data. It's Been Waiting Outside Since 1997.

India's Economy Outweighs 11 of 14 APEC Members in Our Data. It's Been Waiting Outside Since 1997.

October 12, 2026 · 6 min read

India, outside APEC, has a larger economy than 11 of the 14 APEC members in the dataset; only the United States, China, and Japan are larger🇮🇳$3.96TOutside APEC14 APEC members (by GDP)🇺🇸🇨🇳🇯🇵🇨🇦🇰🇷🇲🇽🇦🇺🇮🇩🇹🇭🇻🇳🇵🇭🇲🇾🇨🇱🇵🇪11 / 14members with smaller economies than India

Last New Members Admitted

1998 (Russia, Peru, Vietnam)

Members With Smaller Economies Than India (of 14 in Dataset)

11

Per-Capita Gap Inside APEC (U.S. ÷ Philippines)

21.6×

Members That Aren't Sovereign States

2 (Taiwan, Hong Kong)

The biggest economy left outside the Asia-Pacific club

India's 2025 GDP was $3.96 trillion. Of the 53 countries WhatsThePop tracks, 14 are APEC members, and only three of them — the United States, China, and Japan — have bigger economies than India. The other 11, including Canada, South Korea, Mexico, Australia, and Indonesia, are all smaller. India still isn't in APEC.

Not for lack of trying. At the 1997 meetings in Vancouver, India was one of 11 economies hoping to join. Only three got in — Russia, Peru, and Vietnam — and APEC used the same meeting to freeze membership for ten years. The freeze was due to lapse in 2007, was extended to 2010, and has stayed in place in practice ever since. No one has joined in the 28 years since those three entered in 1998.

This piece compares APEC members with economies that have sought to join, using 2025 World Bank figures for nominal GDP, GDP per person, and population across the 53 countries the site tracks. Fourteen of APEC's 21 members are in the dataset. Brunei, Hong Kong, New Zealand, Papua New Guinea, Russia, Singapore, and Taiwan aren't, so they're left out of the numbers.

Economies, not countries — a structure brokered in Seoul

APEC doesn't call its members countries. It calls them "member economies" — any distinct economic unit can join, sovereign or not. That wording is what lets China, Taiwan, and Hong Kong sit in the same forum. Taiwan takes part as "Chinese Taipei" and Hong Kong as "Hong Kong, China."

The three came in together at the third APEC ministerial meeting, held in Seoul in November 1991. South Korea, as that year's chair, consulted separately with Beijing, Hong Kong, and Taipei and brokered an arrangement for all three to join at once, as the meeting's joint statement records. South Korea went on to host leaders' meetings in Busan in 2005 and Gyeongju in 2025. This year's host, China, is hosting for the third time, after Shanghai in 2001 and Beijing in 2014.

The arrangement still has an asymmetry built in. Other members send their heads of government; Taiwan's president doesn't attend and sends a special envoy instead. That's especially delicate with China as host. On September 21, Taiwan's labor minister Hung Sun-han attended an APEC ministerial in Nanjing — the first minister in President Lai Ching-te's government to visit China. Who Taiwan sends to the Shenzhen leaders' meeting hadn't been confirmed as of this writing.

Outside the door: India, Colombia, Cambodia

India isn't the only one waiting. Colombia, Cambodia, Costa Rica, Ecuador, Macau, Mongolia, Pakistan, Panama, and Sri Lanka have all expressed interest at one point or another. Three of them — India, Colombia, and Cambodia — are in the dataset, and each is outside for a different reason.

For India, size has never been the issue. The usual reading of the 1997 decision is that India wasn't yet ready to sign on to APEC's founding commitment to open trade and investment. Geography gets raised too: India faces the Indian Ocean, not the Pacific, which reopens the question of where "Asia-Pacific" ends.

Colombia has geography on its side. It has a Pacific coastline, and its economy ($457 billion) is bigger than those of South American members Chile ($357 billion) and Peru ($335 billion). But Chile joined in 1994 and Peru in 1998, and Colombia was left outside when the door closed in 1997. Cambodia ($51 billion) is smaller than every one of the 14 members in the dataset. What separates members from non-members here is less size or location than whether they made the final list at Vancouver in 1997.

Inside isn't uniform either — a 21.6× income gap

The 14 members in the dataset account for 65.0% of the combined GDP of the 53 countries and 50.4% of their population. Incomes inside the group are far apart. The U.S., the richest per person at $90,027, is 21.6 times the Philippines, the poorest at $4,171. Indonesia ($5,060) and Vietnam ($5,066) are close to the bottom as well.

That's still a narrower gap than the G20's, where the U.S. and India are 33-fold apart. If India joined APEC, the forum's income floor would drop from the Philippines to India ($2,703), and the gap would widen to the same 33-fold. The site's G20 comparison is in the report on why Spain, with an economy bigger than South Korea's, still isn't a G20 member.

The two clubs overlap heavily: eight of the 14 APEC members in the dataset — the U.S., China, Japan, Canada, South Korea, Mexico, Australia, and Indonesia — also sit in the G20. For American readers, it may be worth noting that the U.S. alone produces 46.1% of the combined GDP of these 14 members ($30.8 trillion of $66.7 trillion), more than China and Japan put together.

How to read these numbers

These figures are within the 53 countries the site tracks, not the whole world. Two of the seven missing members, Russia and Taiwan, are sizable economies, so "share of member GDP" or "rank among 14" describes a position on this list, not across all of APEC. Taiwan and Hong Kong aren't in the site's country catalog at all: APEC counts them as members, but they don't fit a dataset organized by country.

The list of hopeful members is drawn from news reports and research on expressions of interest, not from published application documents. Each country's GDP and population can be compared side by side on its detail page. Economic figures are 2025 World Bank values; APEC schedule and Taiwan attendance details are as of October 12.

Countries in this report

Sources

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