Скачать с ютуб Supported by the United States - The Philippines becoming the second Biggest ASEAN Economy в хорошем качестве

Supported by the United States - The Philippines becoming the second Biggest ASEAN Economy

The Philippines is projected to be the 23rd largest economy by 2039, according to the latest edition of the World Economic League Table, published by London-based think tank Center for Economics and Business Research. The projection is a significant improvement for the country, jumping 10 places over the next 15 years from 33rd rank out of 189 economies in 2024. This means that the Philippines will surpass Thailand and Singapore in the coming years, becoming the second biggest economy in Southeast Asia next only to Indonesia. In 2024, Indonesia ranks 16th as the biggest economy globally, while it ranks 10th in the next 15 years. Comparison Accordingly, Indonesian Economy will continue to lead by 2039, with GDP of $3.7 Trillion. Followed by the Philippines, projected to triple its economic size with GDP of $1.5 Trillion. Vietnam came close, with GDP amounting to $1.4 Trillion. While Thailand’s GDP is projected to reached $1.05 Trillion. Malaysia’s economy will expanded to $1.005 Trillion and Singapore amounting to $982 Billion. This projection was supported by the world economic outlook published by the International monetary fund. According to the latest IMF world economic outlook issued in October 2024, the Philippines will surpass Thailand and Singapore by 2028. The Philippines economy is projected to increase to $648.9 Billion by 2028, meanwhile at the same period, Singapore’s economy is $641.8 Billion while Thailand GDP is $624.02 Billion. By 2028, Indonesia - Southeast Asia’s biggest economy will reach $2 Trillion cup. Vietnam will also surpass Thailand with GDP of $628.6 billion, Malaysia will remain the 6th biggest economy in the region with GDP of $587.09 Billion. The latest edition of the World Economic League Table published by London-based think tank Center for Economics and Business Research, only 3 nations from the South East Asia were among the top 30 biggest Global Economies by 2039. These are Indonesia which rank 10th, The Philippines ranked at number 23, and Vietnam rank at number 25. The report highlights the steady economic growth of the Philippines amid global challenges. Among the 189 economies analyzed, the Philippines’ rise underscores its increasing competitiveness and resilience in key sectors, driven by domestic consumption, robust remittances, and a growing labor force. In global economy, the Philippines will surpass economies like Switzerland and Taiwan, which are projected to be ranked 24th and 25th, respectively, by 2039. Other countries in the top rankings include the United States, China, and India, which maintain their positions as the top three largest economies. Notably, India is expected to overtake Germany and Japan to secure the third spot by 2039, further emphasizing shifting global economic dynamics. With strong growth forecast, over the medium-term outlook, the size of the Philippines’ GDP measured in US Dollar nominal terms is set to reach one trillion USD by 2033, according to the report issued by S&P Global Market Intelligence. This will make the Philippines one of the largest emerging markets in the Asia-Pacific as well as a leading emerging market globally. The average annual GDP per person has also risen dramatically over the past two decades, from below $1,000 per person in $2,000 to $3,500 by 2022, and is projected to rise above $6,000 per person by 2030. The Philippines’ economy is forecast to continue to grow rapidly, with total GDP doubling from USD 400 billion in 2022 to USD 800 billion in 2030. A key growth driver will be rapid growth in private consumption spending, buoyed by strong growth in urban household incomes. By 2033, the Philippines is forecast to become one of the Asia-Pacific regions, small group of one trillion-dollar economies, joining mainland China, Japan, India, South Korea, Australia, Taiwan, and Indonesia in this grouping of the largest economies in APAC. The Philippines is poised to become the world’s 18th biggest economy by 2050, as long as it addresses its infrastructure lack. A long-term projection, made by London-based macroeconomic research organization, Capital Economics. As projected, the Philippines’ nominal gross domestic product, GDP climbing to 4 trillion and 862 billion dollars, three decades from now. Such that nominal GDP per capita, would also rise to $33,650. Join this channel to get access to perks:    / @aseananalytics