What is the best economy in Southeast Asia?

Which countries in Southeast Asia are doing the best economically

South East Asia (SEA)

Rank Country 2022 GDP (PPP) billions of USD
1 Indonesia $4,023
2 Thailand $1,479
3 Vietnam $1,299
4 Philippines $1,154

Is Vietnam richer than Indonesia

Vietnam has a GDP per capita of $8,200 as of 2020, while in Indonesia, the GDP per capita is $11,400 as of 2020. Vietnam has a top tax rate of 35.0% as of 2016. In Indonesia, the top tax rate is 30.0% as of 2016. In Vietnam, 3.1% of adults are unemployed as of 2018.

Is Vietnam richer than Philippines

Viet Nam recorded a higher per capita GDP (in constant 2015 USD) than the Philippines in 2020 and 2021.

Which country is the fastest growing economy in Southeast Asia

Vietnam

Vietnam and Cambodia are among the fastest-growing economies in Southeast Asia, with both countries projected to experience GDP growth of 5.8 per cent in 2023. Vietnam's public debt is expected to remain the lowest among eight ASEAN members.

What is the GDP ranking of Vietnam in Southeast Asia

Vietnam ranked 6th with a GDP of 391.92 billion USD according to ADB's forecast. According to the report "ASEAN+3 Regional Economic Outlook in 2022" of the ASEAN+3 Macroeconomic Research Office (AMRO) published in October 2022, Vietnam's economic growth is forecast to reach 7%. in 2022, ranking 2nd in ASEAN.

Which ASEAN country has the strongest economy

GDP per capita, Purchasing Power Parity, 2021 – Country rankings:

Countries GDP per capita, PPP, 2021 Global rank
Singapore 106032.23 1
Brunei 60127.02 2
Malaysia 26333.16 3
Thailand 17077.04 4

Is Vietnam or Indonesia better

Attractions. Vietnam could be a better choice for travelers looking to get the most out of their itinerary due to the variety of activities and attractions. However, tourists who are looking to relax and enjoy some natural and cultural attractions are bound to appreciate what Indonesia has to offer.

Is Vietnam poorer than India

For instance, Vietnam's GDP per capita is higher than India's. Meanwhile, Vietnam's debt-to-GDP ratio (percent) is significantly lower than India's, indicating a lower level of foreign dependence.

Is Vietnam richer than Singapore

15/10/2020

According to the International Monetary Fund (IMF), Vietnam's GDP in 2020 is estimated to reach USD 340.6 billion, exceeding that of Singapore with USD 337.5 billion; Malaysia with USD 336.3 billion.

What is the economic system of Vietnam

Vietnam has a mixed economy in which there is limited private freedom, but the economy remains highly controlled by the government. Vietnam is a member of the Asia-Pacific Economic Cooperation (APEC), the Association of Southeast Asian Nations (ASEAN), and the Trans-Pacific Partnership (TPP).

Is Vietnam economically strong

The economy of Vietnam is a developing mixed socialist-oriented market economy, which is the 36th-largest in the world as measured by nominal gross domestic product (GDP) and 26th-largest in the world as measured by purchasing power parity (PPP) in 2022.

How strong is Vietnam’s economy

Recent Economic Developments and Prospects. Vietnam's economy experienced a strong rebound in 2022, with growth reaching 8.0 percent, exceeding its average rates of 7.1 percent from 2016 to 2019.

What is the rank of Vietnam in ASEAN

Vietnam ranked 6th with a GDP of 391.92 billion USD according to ADB's forecast. According to the report "ASEAN+3 Regional Economic Outlook in 2022" of the ASEAN+3 Macroeconomic Research Office (AMRO) published in October 2022, Vietnam's economic growth is forecast to reach 7%. in 2022, ranking 2nd in ASEAN.

What is the economy of Vietnam ranked

36

Worldwide gross domestic product in 2022 was at about 12,749 USD per capita. GDP in Vietnam, on the other hand, reached USD 4,194 per capita, or 408.80 billion USD for the whole country. Vietnam is therefore currently ranked 36 of the major economies. Inflation in Vietnam in 2022 was around 3.16%.

Is Vietnam safer than Thailand

If you're wondering if Vietnam is safer than Thailand, in a manner of speaking, yes. Vietnam has a lower crime rate than Thailand, and is generally considered to be a safe destination for travelers. Thailand, on the other hand, has a slightly higher crime rate, but is still considered to be a relatively safe country.

Is Vietnam richer or poorer than India

Vietnam, on the other hand, has a significantly smaller economy. This factor certainly affects the country's GDP and GDP growth rate, especially when compared to India. However, there are still bright spots worth mentioning about Vietnam's economy. For instance, Vietnam's GDP per capita is higher than India's.

Is Vietnam economy good

The World Bank In Vietnam. Vietnam's shift from a centrally planned to a market economy has transformed the country from one of the poorest in the world into a lower middle-income country. Vietnam now is one of the most dynamic emerging countries in East Asia region.

What is the rank of Vietnam in the world

The US News & World Report's ranking of the most powerful countries in the world in 2022 has shown that Vietnam ranks 30th with a GDP of 363 billion USD and a population exceeding 98.2 million people. Other Asian countries, the Republic of Korea, Japan and India are also included in the above ranking.

Is Vietnam richer than India

Vietnam, on the other hand, has a significantly smaller economy. This factor certainly affects the country's GDP and GDP growth rate, especially when compared to India. However, there are still bright spots worth mentioning about Vietnam's economy. For instance, Vietnam's GDP per capita is higher than India's.

Where does the Vietnamese economy rank

Worldwide gross domestic product in 2021 was at about 12,282 USD per capita. GDP in Vietnam, on the other hand, reached USD 3,756 per capita, or 366.14 billion USD for the whole country. Vietnam is therefore currently ranked 41 of the major economies. Inflation in Vietnam in 2022 was around 3.16%.

Is Vietnam a rich or Poor country

Vietnam's shift from a centrally planned to a market economy has transformed the country from one of the poorest in the world into a lower middle-income country. Vietnam now is one of the most dynamic emerging countries in East Asia region.

What rank is Vietnam in the world

Vietnam (Ranked 73rd) :: Legatum Prosperity Index 2023.

Is Cambodia or Vietnam better

Winner: Cambodia

All in all, Vietnam and Cambodia are two incredible countries worthy of visiting during your lifetime. If you fancy relaxing on the beach before visiting some of the world's most important cultural and religious sites, we'd recommend a trip to Cambodia.

Is Thailand richer than Vietnam

In terms of GDP per capita, for many years, Thailand's GDP has always been larger than that of Vietnam. Specifically, in the period 2018-2021, Thailand's average GDP (7,800 USD/year) is about 3 times that of Vietnam (2,740 USD/year).

Why is Vietnam so rich

Vietnam has become a leading agricultural exporter and served as an attractive destination for foreign investment in Southeast Asia. In the current period, Vietnam's economy relies largely on foreign direct investment to attract the capital from overseas to support its continual economic rigor.