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GDP Change and Economic Development in Southeast Asia for 40 Years (feat. Simple GDP Comparison with Korea)

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Based on a small population of 6 million, it has been successfully developed as a city-state

Except for Singapore, which has succeeded in national development and is classified as the only developed country

Countries that are currently called the 5 largest countries in Southeast Asia are

Thailand

Vietnam

Philippines

Indonesia

Malaysia

no see.

Let's take a brief look at the changes in GDP of these five countries over the past 40 years compared to Korea.





nominal GDP no see.

attach

1. Blue: Korea

2.Purple: Indonesia

3. Green: Thailand

4. Sky Blue: Philippines

5. Red: Vietnam

6. Orange: Malaysia


As you can see from the graph, there are countries that have developed explosively, if not as much as Korea.

Indonesia no see. A country that was slow in the 20th century is developing at a tremendous speed as it enters the 21st century. Let's remember

after that ThailandI see this However, the growth rate is slightly better than that of other countries.

It didn't show anything very special.

The rest of the countries are still at the same level as Korea 30 years ago.





per person GDPno see.

attach

1. Blue: Korea

2.Orange: Malaysia

3. Green: Thailand

4. Purple: Indonesia

5. Red: Vietnam

6. Sky Blue: Philippines



If you look at the graph, it's not as good as in Korea.

I can see a country that has made impressive progress in its own way and crossed the $10,000 barrier. Malaysiano see.

After that ThailandThere is this. all GDPand per person GDP All of them placed 2nd.

The rest of the countries, frankly, are miserable. It didn't even exceed $4,000.

This is a lower figure than Korea 30 years ago.




Looking at the above results, there are two countries that were not mentioned. Philippines, Vietnamno see. 

The two countries have been virtually unimpressive in 40 years.

Can you show me something in the future?

First of all, the Philippines aside,

There is a lot of talk about Vietnam.

That the economic growth rate is great and that it can serve as a factory to replace China. 

Comparing with other countries on the graph, it has not yet shown a particularly great figure.

It is still close to last among the five countries, both in the past and now.

However, Vietnam had a difficult time in the 20th century, fighting wars with countries such as the United States and China.

Looking at the graph, it is showing a fairly high growth rate in the 21st century.

In my opinion, in 20 to 30 years, Thailand's level of economic power (26th in the world)

I think that degree is the limit of their potential. (Even that would be quite difficult to achieve)

Instead, let's take a brief look at the countries mentioned.

Indonesia, Malaysia and Thailand.






1. Indonesia

attach


Indonesia has been impressive in its nominal GDP.

In other words, the size of the economy itself is large.

4th in the world's population (270 million people)

It is the 14th largest country in the world (19 times that of Korea).

Although it is an island country, the geographical location seems to be good.

It is sandwiched between India and Australia.

It already boasts the world's 15th largest economy in terms of population.

We are constantly receiving lip service from various economic media that we may become one of the top 10 economic powers in the near future.

per person GDPIt is still less than 4,000 dollars, but the population is a thug, so it is a country that is covered by the scale.

If you look at the size of the economy, the number of the population, the individual level, etc., it seems like Brazil will take a position similar to that of Brazil.

Brazil's economy, despite the potential of its size, is not stable and

If you see them falling into the middle-income trap for decades, going up and down 

The road ahead for Indonesia does not look so bright.

But it's not dark either. He is already a gangster in his basic weight class, so he has a strong position.

Also, if there is a special advantage, the demographic structure is excellent.

Half of the 270 million people are under the age of 30.

The average age of the entire population is 28.

Brazil is aging with an aging rate of 10%.

Indonesia's aging rate is only 6%.

With 270 million young people bustling, many countries are worthy of their eyes.

Many advanced countries (especially Asian countries such as Korea and Japan) are paying attention as it becomes a national power in the basic weight class.

It is currently one of the most promising countries in Southeast Asia.





2. Malaysia

attach


per person GDPMalaysia showed impressive performances in

Contrary to Indonesia

With a population of about 30 million, the land area is not particularly large.

With per capita GDP exceeding $10,000, the standard of living for each citizen is the best among the five countries.

As such, it was known as a country with good economic conditions in Southeast Asia.

It is said that Thailand, the leader of Southeast Asia, considers it a rival.  

Until the early 1980s, it was a country where people lived better than Korea.

Although not as high as Korea, it maintained a somewhat high economic growth rate from the 1990s to the 2000s.

It has been a long time since the economy has completely stood still for about 10 years since the 2010s.

As it is the most prosperous among the five countries in its own way, it is a country that looks the most promising to enter a developed country.

There are many stories of people falling into the middle-income trap.

There may be room for a rebound depending on how we lead economic development in the future.

(For reference, countries with per capita GDP of less than $10,000 include Mexico, Argentina, Turkey, and Brazil)





3. Thailand


attach


Thailand is known as the leader of Southeast Asia.

I have a strong feeling that there is a rivalry with Vietnam to some extent, but in fact, Thailand just crushes both national and economic power.

It feels like Vietnam's one-sided rivalry.

As it is called the leader, it is a leading position in Southeast Asia to some extent.

Although it was not explosive growth in the preceding two indicators, it has developed in a balanced way, ranking second in each of them.

I've grown up with some balance. Thailand's future may look bright.

Unfortunately, Thailand is considered a representative example of the long-lost middle-income trap.

Despite claiming to be the leader in Southeast Asia, it is a bit unusual to see that the road to personal income of $10,000 is still long and difficult.

The biggest problem is that Thailand has already recorded an aging rate of 13%.

Currently, Korea's aging rate is 15%, which is already at a level similar to that of Korea.

An aging population is progressing. 

Of course, the current situation is not bad because he is currently playing the same role as the head of Southeast Asia.

There are many evaluations that the country has already lost some room for further growth.

So Vietnam is emerging as an alternative to Thailand.




simple summary.

Indonesia: The largest country in Southeast Asia.  

Malaysia: The most prosperous country in Southeast Asia.

Thailand: A country that is growing old while falling into the middle-income trap, although it is the dominant player in Southeast Asia.

Vietnam: It's still a beggar for fighting the war, but it has as much potential as Thailand.

Philippines: It is still not easy to solve the problem due to the country's industrial structure. However, the strength of the population and the large number of young people.



Just as Japan preempted the Southeast Asian market and found Thailand as its running mate,

Korea is also trying to find a running mate in the Southeast Asian market.

Indonesia is a country with a large scale and it is difficult to multi-

Malaysia is not good because of the wage problem, Thailand is already aging in Japanese multiplayer,

The Philippines still has political and structural problems, so it is investing a lot in Vietnam after all.



As we watch Southeast Asia's economic growth over the next 50 years, it seems good to make aggressive investments.

Southeast Asia will be the largest market with a large young population.



*Writing for simple comparison and explanation, we inform you that there is no intention to demean the country at all.




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GDP from each countries has been severely affected because of the pandemic

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