According to the latest forecast made by the International Monetary Fund, Southeast Asia’s Gross Domestic Product is still headed by Indonesia with a nominal GDP of $1.4 Trillion, followed by Thailand $512.2 billion, in the 3rd spot is Singapore with a GDP of $497.3 Billion, The Philippines in 4th spot with GDP of $435.6 Billion, Vietnam at 5th spot with GDP of $433.3 Billion and 6th spot is Malaysia $430.8 Billion.
By 2024, the ranking will still be the same. In 2027, The Philippines will become the 3rd largest economy, surpassing Singapore, only behind Indonesia and Thailand. In 2028, the Philippines will be the second-largest economy after Surpassing Thailand with a nominal GDP of $698.5 Billion.
According to the latest official data published by the major economist in Southeast Asia, the Philippines remains the fastest-growing economy in the region, expanding by 5.6% in 2023, followed by Vietnam and Indonesia growing by 5.05%, Malaysia expanding by 3.8% and Singapore with minimal growth of 1.2%, while Thailand is estimated to expand by 2.4% last year.
In the 4th quarter of 2023, Vietnam recorded the highest economic expansion of 6.7%, followed by the Philippines at 5.6%, Indonesia growing by 5.04%, Malaysia expanding by 3.4% and Singapore posting growth of 2.8%.
Source: https://www.imf.org/external/datamapp...
Join this channel to get access to the perks:
/ @aseananalytics
By 2024, the ranking will still be the same. In 2027, The Philippines will become the 3rd largest economy, surpassing Singapore, only behind Indonesia and Thailand. In 2028, the Philippines will be the second-largest economy after Surpassing Thailand with a nominal GDP of $698.5 Billion.
According to the latest official data published by the major economist in Southeast Asia, the Philippines remains the fastest-growing economy in the region, expanding by 5.6% in 2023, followed by Vietnam and Indonesia growing by 5.05%, Malaysia expanding by 3.8% and Singapore with minimal growth of 1.2%, while Thailand is estimated to expand by 2.4% last year.
In the 4th quarter of 2023, Vietnam recorded the highest economic expansion of 6.7%, followed by the Philippines at 5.6%, Indonesia growing by 5.04%, Malaysia expanding by 3.4% and Singapore posting growth of 2.8%.
Source: https://www.imf.org/external/datamapp...
Join this channel to get access to the perks:
/ @aseananalytics