Philippines vs Malaysia vs South Korea – Country Comparison

Malaysia vs Philippines vs South Korea Country Comparison 1. Philippines The economy of the Philippines is the world’s 32nd largest economy by nominal GDP according to the International Monetary Fund 2021 and the 12th largest economy in Asia, and the…

Philippines vs Malaysia vs South Korea - Country Comparison

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Malaysia vs Philippines vs South Korea Country Comparison

1. Philippines
The economy of the Philippines is the world’s 32nd largest economy by nominal GDP according to the International Monetary Fund 2021 and the 12th largest economy in Asia, and the 3rd largest economy in the ASEAN after Indonesia and Thailand. The Philippines is one of the emerging markets, and the 3rd highest economy in Southeast Asia by nominal GDP nominal, following Thailand and Indonesia.The Philippines is primarily considered a newly industrialized country, which has an economy in transition from one based on agriculture to one based more on services and manufacturing. As of 2021, GDP by purchasing power parity was estimated to be at $1.47 trillion, the 18th in the world.

2. Malaysia
The economy of Malaysia is the fourth largest in Southeast Asia according to the International Monetary Fund 2020. It is also the 36th largest economy in the world. Labour productivity in Malaysia is significantly higher than in neighbouring Thailand, Indonesia, the Philippines or Vietnam, due to a high density of knowledge-based industries and adoption of cutting-edge technology for manufacturing and digital economy. According to the Global Competitiveness Report 2019, the Malaysian economy is the 27th most competitive country economy in the world.

3. South Korea
The economy of South Korea is a highly developed mixed economy dominated by family-owned conglomerates called chaebols. By nominal GDP, it has the 4th largest economy in Asia and the 10th largest in the world. South Korea is notable for its emergence of economic development from one of the poorest countries in the world to a developed, high-income country in just a few generations. This economic growth has been described as the Miracle on the Han River, which has brought South Korea to the ranks of countries in the OECD and the G-20. South Korea still remains one of the fastest growing developed countries in the world, following the Great Recession. It is included in the group of Next Eleven countries as having the potential to play a dominant role in the global economy by the middle of the 21st century.

Which One out of Three Countries do you Think is More Powerful and Prosperous? Share Your Views in the comment section.
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For more videos choose from the playlist below:

Top 10 Countries – https://www.youtube.com/watch?v=evlub…

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Top 25 Asia’s Largest Economy 2021 – https://youtu.be/vvLSOiydeQ0
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All Asean countries – https://youtu.be/6SJoMRyAbL4
Top 20 Largest cities in the world- https://youtu.be/Dc2qdRZJJS8
India vs Philippines country comparison – https://youtu.be/vvLSOiydeQ0
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