GDP PPP of ASEAN [1980 - 2026]

GDP PPP of ASEAN [1980 - 2026], IMF Data SUBSCRIBE to VISUAL WORLD: http://shorturl.at/ciHRX Data source: https://www.imf.org/external/datamapp... Purchasing power parity (or PPP for short, from purchasing power parity) is a type of exchange rate calculation between the currencies of two countries. Economists calculate how much the same amount of the same good will cost when sold in two different countries in the currencies of those two countries, and then compare the purchasing power of the two countries. two currency units. If calculating the standard of living in a country, any monetary income must be considered in relation to the quantity of goods and services it can buy locally. The same item will cost different depending on the country in which it is sold. This index is more important than GDP when calculating the standard of living in a country. For example, $1 spent in India can buy the same amount of goods as $4 spent in Japan. With the same income of $1,000/month, people will not be able to afford to live in countries with high commodity prices like Japan, but in countries with low commodity prices like India, I will live quite richly. For this reason, we need to consider purchasing power parity when comparing poverty rates and people's living standards across countries. GDP is a very important indicator, but per capita purchasing power parity (PPP) is what many experts say will show the quality of an economy. According to the IMF's forecast, GDP per capita at purchasing power parity in some Southeast Asian countries still tends to improve. When the worldwide epidemic is under control and the vaccine is deployed on a large scale, the actual numbers are likely to be better, showing that countries in Southeast Asia are also gradually stabilizing. Although the disease is still breaking out continuously in many parts of the world, the economic situation in countries in Southeast Asia is still more or less positive. According to the IMF's prediction, the recovery of some countries is very good in 2021 thanks to the strong impacts of supportive domestic policies and the opportunity to take advantage of the recovery of the world economy. As for Thailand, thanks to its success in curbing the spread of the Covid-19 virus, restricting and strictly checking entry, imported cases are handled quickly, so new infections in the country. community is not as much as early translation. As a result, the economic activity of this country is gradually recovering, but it will be a slow recovery partly because the tourism industry has suffered a serious decline and it will take time to return to normal. In Indonesia, from 2020, due to the impact of the temporary closure and restrictions on goods imports, domestic consumption will decrease sharply. Exports also fell, business and tourism contracted, so the economy fell into a rather stagnant situation. However, on the recovery of the world economy in general and Southeast Asia in particular, Indonesia's economy will also recover. The latest report from the Asian Development Bank (ADB) says that, thanks to the strong recovery of the world economy and the efforts to universalize vaccines, developing countries in Southeast Asia such as Philippines will have a good recovery. In Malaysia, the trade, transport and telecommunications industries have been stagnant since 2020 and are recovering in 2021, so taking advantage of disease control and vaccine deployment will help these industries grow again. Vietnam is expected to have a strong economic recovery thanks to strict control of Covid-19 and efforts to normalize domestic economic activities at the earliest in the region. Vietnam, in the context of the 4th outbreak of the epidemic, thanks to the zoning measures to suppress the epidemic, economic activities can still take place stably despite certain limitations. Timely support for businesses to minimize economic damage to all sectors of the economy will have a positive impact on the economy, making the recovery stronger. By 2020, Vietnam's GDP per capita at purchasing power parity will surpass 10,000 USD, reaching 10,869 USD/person/year. According to forecasts, by 2021, this number will reach 11,677 USD and by 2022, it will surpass 12,000 USD. ----- ✅ Playlist for Suggestion: Playlist of Economics:    • GDP PER CAPITA BY CONTRY OF THE WORLD...   ----- 💡 Visual World is a youtube video channel about Data Statistics and educational related content. We use widely shared Visual Data from the World Bank, Wikipedia… to make intuitive, vivid charts for you. ❤️ We aim for a community that shares information, captures and understands data, as well as financial prosperity and happiness in life. 🔔 SUBSCRIBE – So you won't miss us: http://shorturl.at/ciHRX