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According to the first-of-its-kind ASEAN Development Outlook (ADO)report, the total combined GDP of 10 ASEAN countries in 2019 was valued at $3.2 trillion – making ASEAN the fifth-largest economy in the world, well on track to become the fourth largest by 2030. With a total population of about 700 million people, 61% are under the age of 35 ...
According to the Asian Development Bank, South-East Asia's GDP growth for July 2023 was projected at a robust 4.6%,compared to the slower rates of 1.1% for the United States, 0.5% for the Euro area, and 0.6% for Japan. The region's strength resides in its diversity of languages, cultures, economies and, most critically, its vibrant and ...
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May 9, 2017 · ASEAN aims to promote collaboration and cooperation among member states, as well as to advance the interests of the region as a whole, including economic and trade growth. It has negotiated a free trade agreement among member states and with other countries such as China, as well as eased travel in the region for citizens of member countries.
ASEAN is one of the success stories of modern economics. In 2014, the region was the seventh-largest economic powerin the world. It was also the third-largest economy in Asia, with a combined GDP of US$2.6 trillion – higher than in India. Between 2007 and 2014, ASEAN trade increased by a value of nearly $1 trillion.
May 10, 2017 · ASEAN countries have also undergone significant development. Singapore is an advanced economy. Thailand and Malaysia are comfortably middle-income. The Philippines has one of the region’s fastest growing economies, helped in part by a highly-educated, English-speaking and globally competitive population. Indonesia’s massive and growing ...
GDP growth in Singapore - or developed ASEAN - dropped below the global average to 2% in 2016, and in emerging ASEAN (Indonesia, Malaysia, Philippines, Thailand and Vietnam) growth fell to 4.9%, following a high of 6.9% in 2010. The 4th Industrial Revolutionalso threatens employment and disposable incomes in the short-term at least, if its ...
The region is well positioned to pursue its ambitions to become the fourth largest economy in the world by 2030. Ahead of Davos 2022 it's clear the region has an increasingly critical role to play in tackling global problems. The ASEAN (Association of Southeast Asian Nations) region will play host to global leaders later this year with the ...
