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BackVietnam surpasses Indonesia on per-person GDP. Is Thailand next?
Vietnam surpasses Indonesia on per-person GDP. Is Thailand next?
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SCMP Economy1 hour agoBusiness1 min readChina

Vietnam surpasses Indonesia on per-person GDP. Is Thailand next?

gdpvietnamindonesia

Quick Look

  • Vietnam's GDP per capita is forecast to reach US$5,259 this year, an 8.9% increase that surpasses Indonesia's US$5,153.
  • Vietnam now ranks fifth among ASEAN nations in this metric, trailing Singapore, Brunei, Malaysia, and Thailand.

AI-generated summary

Why It Matters

GDP per capita serves as a primary indicator for a country's standard of living.

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Gross domestic product per capita, which provides a snapshot of a country’s standard of living, is projected to rise 8.9 per cent to US$5,259 in Vietnam this year – nearly double the figure a decade earlier and overtaking Indonesia’s US$5,153.

This would also rank Vietnam fifth among members of the Association of Southeast Asian Nations, behind Singapore, Brunei, Malaysia and Thailand.

Open Questions

  • What specific sectors drove this GDP growth?

Related Topics

gdp
OrganizationsAssociation of Southeast Asian Nations
PlacesVietnamIndonesiaSingaporeBrunei
Topicsvietnamindonesiaaseaneconomystandard of living
This article was originally published by SCMP Economy.

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