Southeast Asia
In 2023, Indonesia had the largest GDP (PPP) in Southeast Asia, at around $4.391 trillion. Thailand came in second with a GDP (PPP) of around $1.563 trillion. Vietnam ranked third with a GDP (PPP) of around $1.438 trillion.
The Philippines ranked fourth with a GDP (PPP) of around $1.280 trillion. Malaysia ranked fifth with a GDP (PPP) of around $1.221 trillion. Singapore’s GDP (PPP) was around $759.52 billion, ranking sixth in Southeast Asia.
Next were Myanmar, Cambodia, Laos, Brunei, and East Timor, with GDP (PPP) of $272.8 billion, $131.12 billion, $74 billion, $32.66 billion, and $5.4 billion, respectively, in 2023.
In 2024, the IMF projected that Vietnam’s GDP (PPP) would reach $1.559 trillion, ranking third in Southeast Asia. Meanwhile, Indonesia was still projected to rank first with a GDP (PPP) of around $4.720 trillion.
Thailand was projected to rank second with a GDP (PPP) of around $1.644 trillion. The Philippines was projected to rank fourth with a GDP (PPP) of around $1.392 trillion. Malaysia’s GDP (PPP) was projected to reach around $1.306 trillion, ranking fifth in Southeast Asia.
By 2026, Vietnam’s GDP (PPP) was projected by the IMF to reach $1.833 trillion, surpassing Thailand ($1.807 trillion) and ranking second in Southeast Asia. Indonesia, however, was still projected to rank first with a GDP (PPP) of around $5.402 trillion.
Global
In 2023, Vietnam’s GDP (PPP) ranked 25th in the world. In the previous period, Vietnam’s GDP (PPP) was lower than some countries such as the Netherlands and Switzerland, but now it is higher than these countries, but still ranked below Australia and Poland.
Specifically, the Netherlands’ GDP (PPP) was around $1.290 trillion, ranking 27th in the world; Switzerland’s GDP (PPP) was around $787 billion, ranking 35th in the world in 2023. Meanwhile, Australia’s GDP (PPP) was around $1.724 trillion, ranking 20th in the world; Poland’s GDP (PPP) was around $1.706 trillion, ranking 21st in the world in 2023.
By 2029, the IMF projects Vietnam’s GDP (PPP) ($2.343 trillion) to surpass Australia and Poland, ranking 20th in the world. Meanwhile, Australia’s GDP (PPP) was projected to reach around $2.188 trillion, ranking 24th in the world; Poland’s GDP (PPP) was projected to reach around $2.306 trillion, ranking 21st in the world.
In 2029, the top 20 economies with the largest GDP (PPP) in the world, according to IMF projections, include: China, United States, India, Japan, Indonesia, Germany, Russia, Brazil, Turkey, United Kingdom, France, Mexico, Italy, South Korea, Saudi Arabia, Spain, Canada, Egypt, Bangladesh, and Vietnam.
GDP PPP
GDP PPP (Gross Domestic Product Purchasing Power Parity) measures the total value of all goods and services produced in a country in a year based on the purchasing power of the local currency. This means that GDP (PPP) takes into account the differences in prices and purchasing power between countries, allowing for direct comparisons between different national economies without being affected by exchange rate fluctuations.
