Quote:
Originally Posted by neMarL
^^ yeah start from the bottom, surpassed and then back to being surpassed back again. It is indeed a great race and ride with you, we'll see what the future holds...
GDP Growth Rate
PH
2015- 6.1%
2016- 6.9%
2017- 6.7%
2018- 6.7%
ID
2015- 4.9%
2016- 5.0%
2017- 5.1%
2018- 5.3%
Only the most hardcore Indonesia defender/fans will not see the Philippines surpassing Indonesia not only in per capita but even the GDP if this trend continue in the next decade or so.
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You can dream as big as you want, sure. Maybe sometime in the far future you will achieve that.
But surely you miss the basic information that the economic growth is in percentage, means it's comparative to the actual size of economy.
In 2017, Indo's GDP already surpassed USD 1 Trillion, grew 5% means adding USD 50 Billion to the economy.
While Philippine's GDP was USD 313 Billion in the same year, grew by 6.7% (let's round it to 7% for easy calculation
), you added only USD 21 Billion.
And Indonesia tries to be strong manufacturing country. There were bans of exporting some raw minerals to support fast growing mineral-processing-industries locally. In short run of course it would give negative impact to the economy, as expected it slowed down. But in the long run, let's see
Plus Indonesia is still upgrading our infrastructures, thousands km of new roads, hundreds km of new railways, tens of new airports, dozens of new seaports, etc. These are done for the sake of stronger foundation for further healthy growth. And it's well translated in quality of infrastructures rank, from "comparable to Philippines" several years ago to "comparable to Thailand" now.
And as you see, slowly but sure the percentage of growth is increasing for Indonesia. Wait till all infra projects are finished and give impact to the economy