Vietnam’s GDP was estimated at $433.3 billion in 2023, ranking it fifth in Southeast Asia, according to the latest figures from the International Monetary Fund (IMF).

Southeast Asia’s GDP reached $3.86 trillion, of which Indonesia took the lead with an estimated $1.42 trillion, followed by Thailand, Singapore, and the Philippines, the Government News reports. Fifth in the region, Vietnam is also the 35^th-largest economy in the world.

The IMF data shows that global GDP last year was estimated at about $104.48 trillion, in which the US remained the largest economy in the world, with GDP of $26.95 trillion.

Vietnam’s GDP is forecast to reach $469.67 billion this year.