The graph compares the data of buying a Toyota Camry model car in different south east asian countries using various measuring points like car price, GDP per person and the time it takes for a person to buy a car.
First of all, let us talk about the car price. It is interesting to note that it is highest in Singapore while lowest in China! The difference in price between the most and the least expensive country is more than 4 times. While the price is almost similar in Malaysia, Thailand and Indonesia, it is lesses in Laos and Philipines. The second expensive country after Singapore would be Vietnam and the lease expensive would be China.
Secondly, let’s discuss about GDP. It is again the highest in Singapore while the lowest in Laos. Except Singapore, all the remaining countries is less than $11000. The difference between Singapore and second highest GDP country Malaysia is almost 5 times. It is evident from this that people earn more in Singapore.
Lastly, the average time taken by a person to buy a car is least in Singapore where it is 2.2 years and it goes upto 26 years in Vietnam!
In conclusion, it is interesting to note that the GDP and number of years taken to buy a car is invesely proportional and on the other hand it is the most expensive to buy a car in Singapore where the GDP is highest.
