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ASEAN GDP Rankings: Thailand 4th, Vietnam Growing Rapidly

ASEAN GDP Rankings: Thailand 4th, Vietnam Growing Rapidly

Khaosod•Economy•27m ago

Reader Briefing

The International Monetary Fund reports that Thailand ranks 4th in ASEAN for GDP per capita but faces potential overtaking by Vietnam and Indonesia due to slower growth.

  • •Singapore holds the highest GDP per capita in ASEAN at 109,120 US dollars.
  • •Thailand ranks 4th with a GDP per capita of 8,370 US dollars, which is nearly half of Malaysia's.
  • •The IMF predicts Vietnam will have the highest economic growth in ASEAN in 2026 at approximately 8.4%.

Overview

  • •The International Monetary Fund released the World Economic Outlook report for October 2026 regarding GDP per capita of 11 ASEAN countries.
  • •Singapore ranks 1st with 109,120 US dollars, followed by Brunei at 40,610 US dollars and Malaysia at 15,980 US dollars.
  • •Thailand ranks 4th with 8,370 US dollars, which is approximately 1.6 times higher than Vietnam's 5,260 US dollars.
  • •Other rankings include Indonesia 6th (5,150 USD), Philippines 7th (4,360 USD), Cambodia 8th (3,000 USD), Laos 9th (2,330 USD), Myanmar (1,510 USD), and Timor-Leste (1,340 USD).
  • •Vietnam and Indonesia are likely to overtake Thailand soon because their economic expansion trends are faster.
  • •The IMF forecasts economic growth for 2026 for Vietnam at 8.4%, Malaysia at 5.2%, Indonesia at 5.1%, and Singapore at 5.0%.
  • •Thailand is forecasted to grow by only 2.1% in 2026.

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Key Entities

Organization

International Monetary Fund(กองทุนการเงินระหว่างประเทศ)ℹ️
The organization that released the World Economic Outlook report for October 2026.

Place

Singapore(สิงคโปร์)ℹ️
The ASEAN country with the highest GDP per capita and a forecasted growth of 5.0% in 2026.
Brunei(บรูไน)ℹ️
The ASEAN country ranking 2nd in GDP per capita with 40,610 US dollars.
Malaysia(มาเลเซีย)ℹ️
The ASEAN country ranking 3rd in GDP per capita with a forecasted growth of 5.2% in 2026.
Thailand(ประเทศไทย)ℹ️
The ASEAN country ranking 4th in GDP per capita with a forecasted growth of 2.1% in 2026.
Vietnam(เวียดนาม)ℹ️
The ASEAN country ranking 5th in GDP per capita and forecasted to have the highest growth in 2026 at 8.4%.
Indonesia(อินโดนีเซีย)ℹ️
The ASEAN country ranking 6th in GDP per capita with a forecasted growth of 5.1% in 2026.
Philippines(ฟิลิปปินส์)ℹ️
The ASEAN country ranking 7th in GDP per capita with 4,360 US dollars.
Cambodia(กัมพูชา)ℹ️
The ASEAN country ranking 8th in GDP per capita with 3,000 US dollars.
Lao PDR(สปป.ลาว)ℹ️
The ASEAN country ranking 9th in GDP per capita with 2,330 US dollars.
Myanmar(เมียนมา)ℹ️
The ASEAN country with a GDP per capita of 1,510 US dollars.
Timor-Leste(ติมอร์-เลสเต)ℹ️
The ASEAN country with a GDP per capita of 1,340 US dollars.