ASEAN's economic growth

ASEAN's economic growth outpaces the rest of the world

ASEAN's combined GDP of US$2.5 trillion comprises 3.4 per cent of the world's GDP. In 2016, the region's annual average GDP growth was 4.6 per cent, outpacing the global average of 3.2 per cent, and taken as a whole the region is set to become the equivalent of the world's fourth largest economy by 2030. By then, more than half the people who make up the world's middle class will live within a six hour flight from Bangkok, putting the region at the crossroads of world trade.

Population

ASEAN population in 2016

Source: International Monetary Fund, World Economic Outlook Database, April 2017

The region is set to become the equivalent of the world's fourth largest economy by 2030

ASEAN's GDP compared to major economies in the region in 2016

ASEAN $2.5 Trillion GDP

Source: IMF World Economic Outlook database, April 2017

Growth in ASEAN's nominal GDP, 2000 – 2016

Growth in ASEAN nominal GDP

Source: International Monetary Fund, World Economic Outlook Database, April 2017; World Bank data, data.worldbank.org

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