The Philippines is a half-trillion-dollar economy — roughly Malaysia’s size in nominal terms — growing at 4.1% while Vietnam leads the peer set at 7.1%.
Inflation sits at 4.3%. Nominal and PPP are different charts — Indonesia dwarfs the set in PPP. Myanmar’s 19% inflation is a caveat, not an ASEAN average. Badge as WEO Apr 2026 projections.
What the comparison shows
The Philippines and Malaysia are close in projected nominal economic size, but growth rates describe the pace of change rather than the level of output. Indonesia’s larger scale remains apparent under both nominal and PPP measurement. Vietnam’s faster projected growth is a separate finding and does not mean its economy is the largest.
Key findings from this pack
- Indonesia is the largest economy on both nominal and PPP measures, which use different units.
- The Philippines and Malaysia have similar nominal scale in this projection vintage.
- Vietnam leads the supplied growth projections; Thailand’s large-economy growth is softer.
- Myanmar’s inflation requires conflict and data-quality context; it is not an ASEAN average.
The evidence: Philippines and peers
Philippines, Malaysia, Thailand, Vietnam and Indonesia. Values retain their individual years; missing observations are shown as —.
| Indicator / unit | Philippines | Malaysia | Thailand | Vietnam | Indonesia |
|---|---|---|---|---|---|
| Nominal GDP · projectionUS$ billion · current prices | 512.22026 | 516.42026 | 5802026 | 527.32026 | 1,539.92026 |
| Real GDP growth · projection% annual change | 4.12026 | 4.72026 | 1.52026 | 7.12026 | 52026 |
| Consumer price inflation · projection% annual average change | 4.32026 | 1.92026 | 0.92026 | 4.92026 | 32026 |
| GDP at purchasing power parity · projectionInternational $ billion · PPP | 1,572.62026 | 1,608.52026 | 1,963.72026 | 2,025.32026 | 5,449.12026 |
How to interpret the findings
These are April 2026 WEO projections, not realised outcomes. Nominal GDP uses market-exchange-rate dollars and PPP GDP uses international dollars; their levels must remain on separate scales. Myanmar’s inflation projection carries conflict and data-quality caveats and should not be used as a proxy for regional inflation.
Coverage and context
The table is a comparison of observations, not a combined ranking. The topic guide includes the wider SEA-11 coverage, interactive charts and full methodology.
Open scale & growth →All sources and observation years
S1 · IMF World Economic Outlook / DataMapper, April 2026 · year 2026 · as_of 2026-09-07 (pack snapshot)
S2 · IMF World Economic Outlook / DataMapper, April 2026 · year 2026 · as_of 2026-09-07 (pack snapshot)
S3 · IMF World Economic Outlook / DataMapper, April 2026 · year 2026 · as_of 2026-09-07 (pack snapshot)
S4 · IMF World Economic Outlook / DataMapper, April 2026 · year 2026 · as_of 2026-09-07 (pack snapshot)
Cite this page
ASEAN in Data (2026). The Philippines is a half-trillion-dollar economy — roughly Malaysia’s size in nominal terms — growing at 4.1% while Vietnam leads the peer set at 7.1%. /insights/scale-growth