Myanmar Poorest CountryBurma Poorest country
Wealthiest and poorest countries in Southeast Asia
Singapore/Myanmar is the wealthiest country in Southeast Asia, while Myanmar is the impoverished country. Southeast Asia was already part of the world' s trade system before the Europeans arrived, with seasonings being the region' s most important exports. During this period, China and India were very important in stimulating the region's economies.
As Europeans arrived and the impact of the imperialist regime led to a relocation of resource output in South East Asia, but little of the benefits of flourishing commerce arrived at the indigenous peoples of the area. In the past, farming was the cornerstone of the South East Asia economies, but today the importance of output and service is growing.
South-East Asia has a variety of different macroeconomies, from advanced ones like Singapore to fast-growing ones like Indonesia and stagnating ones like Myanmar. You can find a listing of the wealthiest and impoverished South-East Asian nations here. Measured by per head GIC, the metropolitan state of Singapore is the wealthiest in Southeast Asia.
It has a sophisticated free enterprise system that is at the top of the list of the world's most free and uncompetitive countries. Singapore has a low level of bribery, an efficient and progressive civil service, simple maritime links and a well-qualified labour force, and more than 7,000 multinationals work there.
As a small south-east Asia based on the north shore of the Borneo Islands, Brunei is the second richest per head GNP based in the region. It is receiving significant external investment to complement its incomes. It depends to a large extent on imported products for its diet.
Some of the country's most important industrial sectors are oil and coal and the building industry. South-east Asia is the third wealthiest nation in per head GNP. It has a new industrialised free enterprise system, which is significantly influenced by the state. Malaysia's economic sector was rated the twentieth most highly developed between 2014 and 2015.
It has one of the fastestgrowing countries in the area and is quickly moving towards its goal of becoming a mature one. Despite the fact that the Malaysia industry was highly dependent on farming in the past, the industry now accounts for only 7.1% of the country's population. In addition, the state strongly supports the development of the tourist industry in order to boost the country's GNP.
Between 2013 and 2014, Malaysia was classified as the third best place to retire in the rest of the year. Myanmar, also known as Burma, has the impoverished economies of Southeast Asia. It has had a severely stagnating and insulated economies for many years, but the present administration is trying to bring about beneficial changes in Myanmar's economies.
The country lacks sufficient infrastructures and a large number of qualified workers. In 2012, 37% of the country's inhabitants were out of work and 26% were living below the country's minimum level of income. Cambodia is the second impoverished South-East Asia country in per head GNP per year. Previously classified as the least developed country, Cambodia's country was included in the Lower Middle Income in 2016.
Southeast Asia's maritime nations East Timor is the third impoverished in Southeast Asia. Marble, espresso, sandalwood are the most important export goods of the state.