Interactive Economy

Singapore overtakes Thailand as ASEAN's No. 2 economy

On nominal GDP in current US dollars, Singapore pulled decisively ahead of Thailand in 2024 and has extended the lead through 2025. The ranking flips back the m

Akhyari Hananto

July 29, 2026 4:02 PM GMT+7

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Data Sources

IMF, World Economic Outlook database, October 2025 World Bank, Thailand Economic Monitor and July 2026 GDP data update Bank of Thailand, household debt data reported via Nation Thailand, 3 April 2026 World Bank, East Asia and Pacific Economic Update, April 2026 OECD, Economic Outlook, Volume 2026, Issue 1 Vietnam General Statistics Office, national accounts release, 5 January 2026 Bangkok Bank, strategy note on Thailand and Vietnam growth trajectories

On nominal GDP in current US dollars, Singapore pulled decisively ahead of Thailand in 2024 and has extended the lead through 2025. The ranking flips back the moment you adjust for purchasing power

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