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Approximately 3.63 trillion U.S. dollars
- In 2022, the estimated total GDP of all ASEAN states amounted to approximately 3.63 trillion U.S. dollars, a significant increase from the previous years.
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Nov 30, 2023 · Gross domestic product of the ASEAN countries from 2018 to 2028. Published by. Aaron O'Neill , Nov 30, 2023. In 2022, the estimated total GDP of all ASEAN states amounted to approximately...
If ASEAN were a country, it would be the seventh-largest economy in the world, with a combined GDP of $2.6 trillionin 2014. By 2050 it's projected to rank as the fourth-largest economy. Home to more than 622 million people, the region has a larger population than the European Union or North America.
2 days ago · ASEAN, international organization established by the governments of Indonesia, Malaysia, the Philippines, Singapore, and Thailand in 1967 to accelerate economic growth, social progress, and cultural development and to promote peace and security in Southeast Asia.
- Chung-In Moon
- ASEAN is an international organization that has 10 member countries in Southeast Asia: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Ph...
- ASEAN’s purpose is to promote economic and cultural exchange among its member countries, maintain peace and stability in Southeast Asia, and establ...
- ASEAN is the acronym for Association of Southeast Asian Nations.
- ASEAN was established August 8, 1967, by member countries Indonesia, Thailand, Malaysia, the Philippines, and Singapore. The precursor of ASEAN was...
- The most recent addition to ASEAN is Cambodia, which joined in 1999. Since its conception with five countries in 1967, ASEAN has doubled in members...
- ASEAN creates and implements policy based on a system of consultation and consensus. Consultations occur between governments before a proposal is b...
The bloc generated a purchasing power parity (PPP) gross domestic product (GDP) of around US$10.2 trillion in 2022, constituting approximately 6.5% of global GDP (PPP). [9] . ASEAN member states include some of the fastest growing economies in the world, and the institution occupies a central position in East Asian regionalism. [14]
- Introduction
- How ASEAN Works
- The Bloc’S History
- ASEAN’s Diversity
- Economic Progress
- Regional Security Challenges
- U.S.-ASEAN Relations
The Association of Southeast Asian Nations (ASEAN) is a regional grouping that aims to promote economic and security cooperation among its ten members: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. ASEAN countries have a total population of 662 million people and a combined gross domestic p...
ASEAN is headed by a chair—a position that rotates annually among leaders of member states—and is assisted by a secretariatbased in Jakarta, Indonesia. Important decisions are usually reached through consultation and consensus guided by the principles of noninterference in internal affairs and peaceful resolution of conflicts. Many experts see this...
Formed in 1967, ASEAN united Indonesia, Malaysia, the Philippines, Singapore, and Thailand, who sought to create a common front against the spread of communism. In 1976, the members signed the Treaty of Amity and Cooperation in Southeast Asia, which emphasizes mutual respect and noninterference in other countries’ affairs. Membership doubled by the...
ASEAN brings together countries with significant differences. Singapore has the highest GDP per capita in the group, at around $83,000, according to 2022 World Bank figures; Myanmar’s is the lowest, at around $1,100. Demographics differ across the region, too, with many religious and ethnic groups represented. For example, Singapore and Vietnam are...
ASEAN has made some progress toward economic integration and free trade. In 1992, members created the ASEAN Free Trade Area (AFTA) with the goals of creating a single market, increasing intra-ASEAN trade and investments, and attracting foreign investment. In 1996, the average tariff rate across the bloc was around 7 percent [PDF]; today, intra-ASEA...
ASEAN remains divided over how to address security challenges. These include China’s claims in the South China Sea, human rights abuses, political repression by member states, narcotics trafficking, refugee flows, natural disasters, and terrorism. A primary challenge for ASEAN has been developing a response to the February 2021 coup in Myanmar. The...
The United States is ASEAN’s fourth-largest trading partner in terms of goods, trailing China, the European Union, and Japan. In 2022, the United States’ total trade in goods and services with ASEAN was an estimated $505.8 billion. The United States has launched subregional and bilateral initiatives to boost ties, including the Mekong-U.S. Partners...
May 1, 2014 · Here are some critical facts. 1. Together, ASEAN’s ten member states form an economic powerhouse. If ASEAN were a single country, it would already be the seventh-largest economy in the world, with a combined GDP of $2.4 trillion in 2013 (Exhibit 1). It is projected to rank as the fourth-largest economy by 2050. 1.
ECONOMY ASEAN, 2021 GDP at current prices (US$ trillion) GDP per capita (US$) Growth rate of GDP at constant prices (0/0) ASEAN+3 GDP as % of world GDP (Nominal) ASEAN+6 GDP as % of world GDP (Nominal) Economic growth, 2010-2021 3.4% 2019 020 5,024.2 Brunei Darussalam ASEAN Member States, 2021 Share of services sector in GDP (0/0) 42.8 GDP at
