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IMF ranks Indonesia 8th in the world for GDP in 2024

Indonesia surpasses both France and the UK, with the IMF reporting their GDPs at 4.36 trillion USD and 4.28 trillion USD, respectively.

Jakarta (VNA) - The International Monetary Fund (IMF) has ranked Indonesia's gross domestic product (GDP) per capita in 2024, adjusted for purchasing power parity (PPP), 8th in the world, at 4.98 trillion USD.

Accordingly, Indonesia surpasses both France and the UK, with the IMF reporting their GDPs at 4.36 trillion USD and 4.28 trillion USD, respectively.

The PPP-based GDP method compares standards of living and prices of goods and services between countries.

Citing IMF data, China prevails as the country with the highest PPP-based GDP in 2024, with 37.07 trillion USD. This is followed by the US, which recorded a figure of 29.17 trillion USD.

India and Russia claim the third and fourth places, with 16.02 trillion USD and 6.9 trillion USD, respectively. Japan is sitting in fifth place with a 6.57 trillion USD PPP-based GDP value.

In the sixth position, Germany chalked up a GDP figure of 6.02 trillion USD, followed by Brazil at 4.7 trillion USD and Indonesia at 4.66 trillion USD.

Meanwhile, citing the World Economic Outlook (WEO) Update data released by the IMF in January 2025, global economic growth in 2025 and 2026 is projected at 3.3%, or below the historical average from 2000 to 2019 of 3.7%.

The IMF projects that Indonesia's economy in 2025 and 2026 will grow by 5.1 percent y-o-y, unchanged from the IMF’s projection in October 2024./.

VNA
#International Monetary Fund #Indonesia #World Economic Outlook #global economic growth #IMF Indonesia
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