This chart compares the GDP of Japan and Southeast Asian countries from 1980 to 2024. GDP is a crucial indicator of economic growth for each country. The chart allows for a clear comparison of how economic growth has evolved in Japan and Southeast Asia over this period.
Comparison of GDP Between Japan and Southeast Asia, 1980-2024
This chart compares the GDP of Japan and Southeast Asian countries from 1980 to 2024.
GDP (Gross Domestic Product) refers to the total value of goods and services produced within a country over a specific period. It is a key indicator used to assess the economic growth and overall health of a nation's economy.
Japan and Southeast Asian countries share a long history and have maintained close economic ties. During World War II, Japan occupied parts of Southeast Asia, significantly impacting the region politically and economically. After the war, Japan emerged as a key economic partner for Southeast Asian countries through economic cooperation and development assistance. These countries, leveraging their resources and infrastructure, have achieved varied economic growth, with trade and investment from Japan playing a crucial role in their development.
1980s
The 1980s saw significant economic growth and transformation for Japan and Southeast Asian countries. Japan's GDP rose from $1.129 trillion in 1980 to $2.580 trillion in 1987. During this period, Japan's economy was driven by exports of automobiles and electronics, achieving remarkable growth.
Indonesia's GDP increased from $99.3 billion in 1980 to $122.6 billion in 1989, driven by its oil and gas resources. The Philippines, however, experienced slower growth due to political instability and natural disasters, with GDP rising from $37.1 billion to $48.7 billion. Thailand saw substantial growth in tourism, agriculture, and manufacturing, with GDP increasing from $33.4 billion to $74.6 billion. Singapore emerged as a trading and financial hub, with GDP growing from $12.1 billion to $31.4 billion.
1990s
The 1990s were marked by the Asian Financial Crisis, but Japan and Southeast Asian countries continued to grow. Japan faced economic stagnation following the burst of its economic bubble, yet its GDP grew from $3.186 trillion in 1990 to $5.546 trillion in 1995.
Indonesia's GDP increased from $138.3 billion in 1990 to $169.2 billion in 1999, showing resilience despite the crisis. The Philippines saw GDP rise from $50.6 billion to $85.6 billion, driven by economic reforms and foreign investment. Vietnam's GDP surged from $8.2 billion to $36.4 billion, fueled by the Đổi Mới economic reforms. Thailand, despite the financial crisis, increased its GDP from $88.5 billion to $126.7 billion.
2000s
The 2000s were a period of adaptation to global economic changes for Japan and Southeast Asian countries. Japan's GDP grew from $4.374 trillion in 2000 to $5.289 trillion in 2009.
Indonesia experienced rapid growth, with GDP rising from $179.5 billion to $578.6 billion. The Philippines increased its GDP from $83.7 billion to $176.1 billion, while Vietnam's GDP grew from $39.6 billion to $129.0 billion. Thailand's GDP rose from $126.4 billion to $281.7 billion. These countries leveraged resource development and industrialization to drive economic growth.
2010s
The 2010s brought various economic challenges and successes. Japan's GDP grew from $5.759 trillion in 2010 to $5.118 trillion in 2019. Indonesia's GDP surged from $755.1 billion to $1.119 trillion, reflecting its rapid economic expansion.
The Philippines' GDP increased from $208.4 billion to $376.8 billion. Vietnam's GDP rose from $143.2 billion to $331.8 billion, driven by manufacturing and export growth. Thailand's GDP grew from $341.1 billion to $543.9 billion. Southeast Asian countries continued to achieve sustainable economic growth through industrialization and foreign investment.
2020s
The 2020s have been influenced by the COVID-19 pandemic. Japan's GDP slightly decreased from $5.555 trillion in 2020 to $5.034 trillion in 2021. Indonesia's GDP grew from $1.059 trillion to $1.371 trillion. The Philippines saw GDP rise from $361.8 billion to $436.6 billion.
Vietnam's GDP increased from $346.3 billion to $433.7 billion, while Thailand's GDP grew from $500.5 billion to $548.9 billion. Despite the pandemic, Southeast Asian countries have shown resilient economic growth.
Japan achieved significant growth through its manufacturing and export-driven economy, although it faced challenges after the bubble economy burst. Southeast Asian countries have grown through resource development, industrialization, and foreign investment, each with unique economic backgrounds and challenges.