This chart displays the GDP per capita rankings of Southeast Asian countries from 1980 to 2024. It provides insight into the economic growth and income changes among these nations, allowing for comparisons of economic disparities and levels of development within the region. Countries like Singapore and Brunei often rank at the top, while nations like Myanmar and Laos tend to be at the lower end.
Brunei is a small country in Southeast Asia known for its high standard of living due to abundant oil and natural gas resources. In 1985, Brunei's GDP per capita was $21,761, which increased to $35,090 in 2024, marking a 161.25% rise. This growth is attributed to stable resource exports and proactive government economic policies.
Cambodia, after years of civil war and turmoil, has seen rapid growth. In 1986, Cambodia's GDP per capita was just $27, but by 2024 it had risen to $2,628, a staggering increase of 9,773.21%. This growth is largely due to international aid, the development of the tourism industry, and manufacturing.
Indonesia, with its vast territory and large population, has significant economic potential. In 1980, Indonesia's GDP per capita was $673, which rose to $5,271 in 2024, an increase of 782.93%. This growth is driven by resource development, agriculture, and manufacturing.
Laos has experienced slow economic development but has grown rapidly in recent years. In 1980, Laos' GDP per capita was $585, increasing to $1,976 in 2024, a 338.03% rise. Foreign investment and the tourism industry have been key factors in this growth.
Malaysia is one of the more economically stable countries in Southeast Asia. In 1980, Malaysia's GDP per capita was $1,927, which increased to $13,315 in 2024, a 690.95% rise. This growth is due to balanced development in manufacturing and services.
Myanmar has achieved economic growth despite political turmoil. In 1998, Myanmar's GDP per capita was $109, rising to $1,248 in 2024, an increase of 1,143.62%. The development of agriculture, mineral resources, and foreign investment have been crucial to this growth.
The Philippines, with its large population, has seen consistent economic growth. In 1980, the Philippines' GDP per capita was $774, which increased to $4,130 in 2024, a rise of 533.30%. The service industry and remittances from overseas workers have played significant roles in this growth.
Singapore, a city-state, boasts exceptional economic strength. In 1980, Singapore's GDP per capita was $5,005, increasing to $88,452 in 2024, a rise of 1,767.28%. The development of finance, trade, and technology industries, along with efficient government policies, have driven this growth.
Thailand's economy is heavily reliant on tourism and agriculture. In 1980, Thailand's GDP per capita was $705, which rose to $7,812 in 2024, an increase of 1,107.26%. The development of the tourism and manufacturing industries, along with foreign investment, has been pivotal to this growth.
Timor-Leste is a young nation where natural resource development plays a crucial role in economic growth. In 2000, Timor-Leste's GDP per capita was $421, rising to $1,454 in 2024, a 345.48% increase. This growth results from resource development and international support.
Vietnam has transformed from an agriculture-based economy to a rapidly industrializing nation. In 1980, Vietnam's GDP per capita was $653, increasing to $4,623 in 2024, a rise of 708.35%. The rapid growth in manufacturing and services, along with foreign investment, has been essential to this transformation.
GDP per capita is the total Gross Domestic Product (GDP) divided by the population of a country, indicating the average value of goods and services produced per person. It serves as an economic indicator of average income and economic productivity.
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