A Southeast Asian economy jumped to 8th place in the world in terms of GDP, "surpassing" both the UK and France.

The International Monetary Fund (IMF) ranked Indonesia's per capita gross domestic product (GDP) in 2024, adjusted for purchasing power parity (PPP), as the 8th largest in the world , at US$4.98 trillion.

Indonesia could become a “new economic powerhouse” in the next five years. (Source: Indonesia Expat)

According to this ranking, Indonesia is above both France and the UK when the IMF recorded the GDP of the two developed countries at 4,360 billion USD and 4,280 billion USD respectively.

The PPP GDP method compares the standard of living and prices of goods and services across countries. Citing IMF data, China is expected to have the highest GDP based on PPP in 2024, at $37.07 trillion. The United States is next, at $29.17 trillion.

India and Russia ranked third and fourth, with values ​​of $16.02 trillion and $6.9 trillion, respectively. Japan ranked fifth with a GDP value at PPP of $6.57 trillion.

In sixth place, Germany reached a GDP figure of $6.02 trillion, followed by Brazil with $4.7 trillion and Indonesia in eighth place with $4.66 trillion. Meanwhile, citing the World Economic Outlook (WEO) Update data released by the IMF in January, global economic growth in 2025 and 2026 is forecast at 3.3%, lower than the historical average from 2000 to 2019 of 3.7%.

The IMF forecasts Indonesia's economy to grow 5.1% year-on-year in 2025 and 2026, unchanged from the IMF's October 2024 forecast.

Source: https://baoquocte.vn/mot-nen-kinh-te-dong-nam-a-vot-len-th-8-the-gioi-ve-gdp-vuot-mat-ca-anh-va-phap-302653.html