Indonesia's Economy Largest in ASEAN in 2023

Economics & Macro

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Adi Ahdiat 14/12/2023 16:30 WIB

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According to IMF projections, Indonesia's GDP in 2023 could reach US$1.4 trillion. This would make Indonesia the largest economy in ASEAN.

Projected ASEAN Countries' GDP Value (2023)*

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Indonesia's Economy Largest in ASEAN in 2023

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Projected ASEAN Countries' GDP Value (2023)*

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Indonesia had the largest economy in ASEAN in 2023.

This is recorded in the October 2023 edition of the *World Economic Outlook* database on the IMF website.

The IMF measures national economies based on projected Gross Domestic Product (GDP) values.

In 2023, Indonesia's GDP is projected to reach US$1.4 trillion. This figure represents 36.7% of ASEAN's total GDP, or 1.4% of the global total GDP.

Besides being the highest in ASEAN, this GDP projection makes Indonesia the 16th largest economy in the world.

Meanwhile, the neighboring country with the lowest projected GDP this year is Timor-Leste, at approximately US$2 billion, or 0.1% of ASEAN's total GDP.

The following is a complete list of projected GDP values for ASEAN countries in 2023, according to the IMF:

1. Indonesia: US$1.4 trillion (36.7% of total ASEAN GDP)
2. Thailand: US$512.2 billion (13.3%)
3. Singapore: US$497.3 billion (12.9%)
4. Philippines: US$435.7 billion (11.3%)
5. Vietnam: US$433.4 billion (11.2%)
6. Malaysia: US$430.9 billion (11.2%)
7. Myanmar: US$74.9 billion (1.9%)
8. Cambodia: US$30.9 billion (0.8%)
9. Brunei Darussalam: US$15.2 billion (0.4%)
10. Laos: US$14.2 billion (0.4%)
11. Timor-Leste: US$2 billion (0.1%)

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."