Indonesian President Prabowo VNA/VNS Photo

JAKARTA - 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 US$4.98 trillion.

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

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

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

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/VNS