Business · Economy · 3 hrs ago

Vietnam’s GDP per person is projected to overtake Indonesia’s

Vietnam’s GDP per person is projected to overtake Indonesia’s

Vietnam’s GDP per person is projected to pass Indonesia’s this year, according to the International Monetary Fund.

GDP per person measures a country’s economic output divided by its population and offers a snapshot of living standards.

Vietnam’s figure is forecast to reach US$5,259, an 8.9 per cent rise.

Indonesia’s is projected at US$5,153.

Vietnam would rank fifth among ASEAN members, behind Singapore, Brunei, Malaysia and Thailand.

Vietnam’s projected figure is nearly double its level a decade ago.

The figures are projections for this year, and the information provided does not say what comes next.

1 source

Related