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| Visual Capitalist 2024 Infographic on GDP per Capita in SEA |
The Visual Capitalist has just published an Infographic showing the "Gross Domestic Product (GDP) per Capita" of all Countries in South East Asia (SEA) as of April 2024, and as usual, the Philippines is among the bottom Part of the Rankings.
"GDP per Capita" simply means the GDP of a Country divided by its Population Size. It is one measure of a Country's Progress and Prosperity, meaning the higher it is, the better and vice versa, the lower it is then the worse.
The Philippines' GDP per Capita of only Usd 4k is only higher than that of Myanmar (Usd 1k), Timor Leste (Usd 1k), Laos (Usd 2k) and Cambodia (Usd 3k).
It is significantly lower than Singapore (Usd 88k), Brunei (Usd 35k), Malaysia (Usd 13k) and Thailand (Usd 8k). It is lower than that of Indonesia (Usd 5k) and Vietnam (Usd 5k).
This again shows the Sad State of our Country, where it has been consistently at the Tail End of Progress and Development, even in the SEA Region only.
Here is the Link to the Article at the Voronoi Website: https://posts.voronoiapp.com/economy/-Singapore-is-Southeast-Asias-Richest-Nation-1206
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