Australia has overtaken Russia in power rankings within the region
Australia has moved up in the Lowy Institute’s annual Asia Power Index, but this rise is primarily due to the decline of influence in other states.
Australia now ranks among the top five most influential powers in Asia, trailing behind the United States, China, India, and Japan.
Despite recent defense agreements, increased military engagement, and significant financial commitments to AUKUS, Australia’s upward movement in the index is largely a result of the weakening of other countries.
The Asia Power Index by the Lowy Institute evaluates 27 countries and territories based on their resources and how they utilize them. The 2024 edition covers data from the past six years, spanning across regions from Pakistan to Russia and as far south as Australia, New Zealand, and the United States.
This is only the second time Australia has moved up the index, surpassing South Korea in 2020. However, despite its efforts, Australia is described as merely “holding its own” in terms of power and influence, having risen one place by surpassing Russia.
The ranking considers various factors categorized under “resources” and “influence”. While Australia excels in defense networks, it falls behind in economic relationships, diplomatic influence, and future resources.
Australia’s Position in the Asia Power Index
Australia ranks high in defense networks, holds a middle position in economic relationships, and lags in military and economic capabilities and future resources.
The Institute acknowledges Australia’s stability and suggests that its influence may not diminish over time as larger economies rise. However, Australia needs to strategically leverage its capabilities to achieve its goals and maintain its positive “power gap” in Asia.
Impact on Russia
Russia’s decline in the index is attributed to its invasion of Ukraine, affecting its power and influence in Asia. Despite economic growth, Russia’s weak economic resilience and capability are exposed, with resources primarily focused on Europe rather than Asia.
Other Nations
New Zealand, along with Russia and Myanmar, has experienced a decline in overall power in the index. New Zealand’s diplomatic influence and defense networks have diminished, causing a notable drop in comprehensive power since 2018.
India has surpassed Japan to become the third-ranked power in Asia, while the United States has strengthened its position, albeit losing ground to China in military capability. China’s power remains stagnant, positioning it below the United States but ahead of other Asian competitors.
