Southeast Asian countriesEconomic growthIt has always attracted much attention, and the GDP ranking of each country is the focus of attention from all walks of life. According to the latest public data, Singapore's in the third quarter of this yearEconomyThe development results were better than expected, and relatively significant growth was achieved. However, Singapore still ranks third in terms of GDP compared to the rest of ASEAN. This article will give a detailed description of the GDP ranking of Southeast Asian countries and analyze the ranking of countries in the countryEconomic growthAchievements and disadvantages in the field.
As the largest among ASEAN countriesEconomybody, Indonesia has remained stableEconomic growth。In the first three quarters of this year, IndonesiaEconomyThe scale continues to remain at the trillion-dollar level, with a nominal GDP of 15,594Rp. 85 trillion, up 505%。This achievement does not only strengthen Indonesia's positionEconomyThe status of the giants also gives the domesticEconomyThe situation is optimistic. Indonesia is firmly in the first place in the GDP rankings, and it is unshakable.
Thailand is one of the countries in Southeast AsiaEconomyOne of the strongest countries. In the first three quarters of this year, ThailandEconomyIt has maintained a relatively stable growth trend, and the preliminary nominal GDP has reached 132938800 million baht, equivalent to about 3,933700 million US dollars, a year-on-year increase of 19%。Although the growth rate is not as impressive as Indonesia's, Thailand still holds the second highest GDP position. Thailand** attaches great importance to itEconomydevelopment, in the promotion of investment, improve the business environment and other aspects of the adoption of a series of measures, for:EconomySteady growth has laid a good foundation.
The Philippines has great potential among Southeast Asian countriesEconomyOne of the bodies. In the first three quarters of this year, the PhilippinesEconomic growthThe performance is excellent, and the preliminary statistics of the completed nominal GDP are 172,340200 million pesos, about 310.6 billion US dollars, an increase of 55%。This has allowed the Philippines to jump to fourth place in the GDP rankings, and the growth rate has exceeded market expectations. If the fourth quarterEconomyIt can still maintain stable growth, and the Philippines is expected to be the full-year 2023Economic growthChampion. The Philippines** attaches great importance to promoting infrastructure construction and improving the investment climateEconomyDevelopment provides good support.
Singapore is one of the countries in Southeast AsiaEconomyOne of the stronger countries in the near futureEconomyPerformance is also in the spotlight. In the third quarter of this year, Singapore'sEconomyThe development exceeded expectations, with a nominal GDP of 4,875S$65.8 billion, which translates to about US$3,636800 million. Although the growth rate is relatively low, from another perspective, Singapore is holding upEconomyWhile growing steadily, it is also carrying out structural adjustment, transformation and upgrading. Although in third place in the GDP ranking, butSingapore's economyThe potential and vitality of development should not be underestimated.
VietnamEconomyThere have been high hopes, but the growth rate in the first three quarters of this year has been less than expected. The data shows that Vietnam'sEconomic growthRate 424%, with a completed nominal GDP of 3063$200 million, dropping to fifth place. Although the growth rate is not as fast as in previous years, Vietnam is still one of the countries in Southeast AsiaEconomic growthOne of the fastest-growing countries, its advantages lie in its abundant human resources and favorable investment climate. Vietnam** should strengthen policy regulation and control, and upgradeEconomic growthspeed to achieve more steady development.
Malaysia is rich in resources and diverseEconomystructure, but in the first three quarters of this yearEconomyBut the scale has declined. Malaysia's GDP fell to US$297.9 billion, ranking sixth among Southeast Asian countries. It's not because of MalaysianEconomic growthThe rate is lower, actuallyYear-over-year growth rateFor 39%, surpassing Thailand and Singapore. However, deflation andCurrency depreciationleads to Malaysia'sEconomyThe scale has been affected. Despite this, Malaysia still has a high growth momentum for the futureEconomyThe development prospects are full of confidence.
As can be seen from the above data, Southeast Asian countriesEconomic growthThere are pros and cons to each other. Indonesia asEconomyThe giant has maintained a steady growth trend and ranks first in ASEAN's GDP. Thailand, the Philippines and Singapore ranked first.
II. Fourth, third, theirsEconomic growthPerformance shows that they are:EconomyThe development potential of the field is huge. VietnamEconomyThe growth rate is less than expected, but it has abundant human resources and a good investment environment. Malaysia inEconomyThe scale is subject to deflation andCurrency depreciationunder the influence of the influence,EconomyIt ranks sixth, but it still maintains a high growth rate. In general, the countries of Southeast AsiaEconomyDevelopment is still full of vitality and potential, and the future development prospects are worth looking forward to.
For Southeast Asian countriesEconomydevelopment, we can draw the following points: first, Southeast Asian countries are rich in resources, huge markets, and have high development potential;Secondly, the promotion of reforms, strengthening infrastructure construction and other measures forEconomic growthIt has played a positive role in promoting;Again, the countries of Southeast AsiaEconomyIt is highly complementary and promotes common development by strengthening economic and trade cooperation. Despite facing some difficulties and challenges, the countries of Southeast AsiaEconomic growthIt is still resilient and dynamic, and will continue to maintain a steady growth momentum in the future.
Therefore, by deepening cooperation and strengthening coordination, Southeast Asian countries can further unleashEconomyHuge potential for development to achieve common prosperity and sustainable development. We are looking forward to the presence of Southeast Asian countriesEconomyfield to make greater progress for the worldEconomic growthMake more contributions. According to information published by the Singapore Department of Statistics, in the third quarter of 2023EconomyThe development results are significantly better than previously estimated. Specifically, the sequential growth rate expanded to 14%，Year-over-year growth ratefrom the previous estimate of 07% to 11%。In terms of industries, the accommodation industry achieved 12A large percentage of growth of 9%, in a leading position;The construction industry increased by **6 year-on-year3%, information and communication industry**56%, and the food service industry grew by 35%, real estate growth 34% and retail growth of 22%。Wholesale ** grew by 12%, and the financial and insurance industry grew by 15%, and the transportation and warehousing industry grew by 11%, and the professional services sector grew by 08%。However, the manufacturing sector fell by 46%, and three consecutive quarters of negative year-on-year growth, becoming the biggest hindrance. Be that as it may,Singapore's economyThe development in the first three quarters exceeded expectations, making the first three quarters of 2023EconomyYear-over-year growth rateis raised to 07%, compared to 05% compared to the magnification of the growth of 02 percentage points. This additional positive has boosted the Singapore authorities' supportEconomyDevelopment of confidence.
For the entire ASEAN regionEconomic growth, Indonesia has remained the largestEconomyscale and relatively stable growth. In the first three quarters of this year, IndonesiaEconomyThe scale has maintained the top position all year roundEconomic growthRate 505%。Thailand followed in the first three quartersEconomyYear-on-year **19%。FilipinoEconomic growthThe highest rate was reached, reaching 55%, and exceeded market expectations. However, in terms of GDP, Singapore is still firmly in third place. Vietnam in the first three quarters of this yearEconomic growthRate 424%, ranking fifth, and Malaysia with 39%, ranking sixth.
In general, the countries of Southeast AsiaEconomic growthGood performance, albeit with some challenges, butEconomyThe vitality and potential remain strong. Countries should continue to intensify reforms, improve the investment environment, and promoteEconomyStructural adjustment, transformation and upgrading. At the same time, strengthen inter-regionalEconomyCooperation and deepening ties will help Southeast Asian countries achieve sustained stabilityEconomyDevelopment for the worldEconomic growthMake a greater contribution.