setTimeout delays the execution of the code block by a specific time duration. Promises are an interface to allow async execution of code.
A promise allows code to continue executing while you wait for another action to complete. Usually this is a network call. So anything in your then() call will be executed once the network call (or whatever the promise is waiting for) is completed. The time difference between the start of the promise and the resolution of the promise entirely depends on what the promise is executing, and can change with every execution.
The reason the promise is executing before your timeout is that the promise isn't actually waiting for anything so it resolved right away.
setTimeout() has a minimum delay of 4ms, so even though you didn't specify a delay in your code the timeout will still be delayed at least 4ms. Your promise's .then() is called in the meantime.
Timeouts and Promises both serve to execute code in an asynchronous way but with differences characteristics and purposes:
setTimeout
- Delays the execution of a function by specific time duration.
- Does not block the rest of the code execution (asynchronous behavior)
- They create Macrotask (browser internal operation)
- They are a wrapper to allow asynchronous execution of code(Eg: an ajax call). (Does not depend on specific time duration)
- They are especially useful to chain different async calls.
- Does not block the rest of the code execution (asynchronous behavior) at less you are using the await operator.
- They create Microtask (browser internal operation), which have priority over the Macrotask.
Recommendation
Use setTimeout when you want to delay a function execution some specific time duration and not block the rest of the code execution in the process
Use Promises:
When you want to execute some async code and to avoid the “callback hell” (yes because you can make asynchronous ajax calls without Promises but the syntax is less clear and more prone to errors)
This has to do with the event loop as defined in the Web Spec. The browser has multiple task queues for multiple types of tasks (e.g. timer tasks created through setTimeout), as well as a microtask queue (where Promise settlement gets pushed to). Whenever the browser finishes executing a task, it empties the microtask queue and executes all tasks in it, before continuing with a task from another task queue.
Therefore after the code executes (which is a task), the Promise settlement is inside of the microtask queue, and the timer task might already be inside a task queue¹. The microtask queue gets emptied and the Promise resolves. Then somewhen the timer task runs.
¹ Browsers might choose to increase timeouts a bit, and they do. A timeout will never run after 0ms in most browsers.