In 2023, the estimated total GDP of all ASEAN states amounted to approximately 3.8 trillion U.S. dollars, a significant increase from the previous years. In fact, the GDP of the ASEAN region has been skyrocketing for a few years now, reflecting the region’s thriving economy. Power in the EastThe Association of Southeast Asian Nations (ASEAN) comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. It was established in 1967 among five of these countries (Indonesia, Malaysia, Thailand, Singapore, and the Philippines) to facilitate trade and economic growth, as well as promote cultural development and social structures in the region. To date, they have been joined by another five nations. The ASEAN marketThe founding of the ASEAN organization provides the collaborating nations with more autonomy and influence on the global economy than they would have had by themselves. Additionally, struggling participating countries, such as Laos, are given an opportunity to grow on an ASEAN single market.

In 2024, the real gross domestic product (GDP) in Vietnam grew by approximately **** percent, marking the highest growth rate in Southeast Asia. In comparison, Myanmar's real GDP growth rate dropped by **** percent. Southeast Asia, a tapestry of economic and cultural complexity Historically a critical component of global trade, Southeast Asia is a diverse region with heterogeneous economies. The region comprises ** countries in total. While Singapore is a highly developed country economy and Brunei has a relatively high GDP per capita, the rest of the Southeast Asian countries are characterized by lower GDPs per capita and have yet to overcome the middle-income trap. Malaysia is one of these countries, having reached the middle-income level for many decades but yet to grow incomes proportionally to its economic development. Nevertheless, Southeast Asia’s young population will further drive economic growth across the region’s markets. ASEAN’s economic significance Aiming to promote economic growth, social progress, cultural development, and regional stability, all Southeast Asian countries except for Timor-Leste are part of the political and economic union Association of Southeast Asian Nations (ASEAN). Even though many concerns surround the union, ASEAN has avoided trade conflicts and is one of the largest and most dynamic trade zones globally. Factors such as the growing young population, high GDP growth, a largely positive trade balance, and exemplary regional integration hold great potential for future economic development in Southeast Asia.

The statistic shows gross domestic product (GDP) per capita in the ASEAN countries from 2020 to 2023, with projections up until 2030. In 2025, GDP per capita in Singapore was projected to be almost ****** U.S. dollars: more than 10 times the total of most other ASEAN countries, and almost 80 times larger than that of Myanmar.

This dataset provides values for GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

This dataset provides values for FULL YEAR GDP GROWTH reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

The average for 2024 based on 10 countries was 32772 U.S. dollars. The highest value was in Singapore: 132570 U.S. dollars and the lowest value was in Burma (Myanmar): 5276 U.S. dollars. The indicator is available from 1990 to 2024. Below is a chart for all countries where data are available.

In 2024, China's gross domestic product amounted to approximately ***** trillion U.S. dollars, which was the highest GDP across the Asia-Pacific region. Japan followed with a GDP of around **** trillion dollars.  China, Asia-Pacific's titan The significance of the Asia-Pacific region to the world is multifaceted, ranging from geopolitical importance to being home to more than half of the world's population. Characterized by emerging countries and dynamic economic activities, the region plays a key role in the global economy. China, the most populous country after India, and the second largest economy on the planet, accounted for about half of the total gross domestic product (GDP) in APAC as of 2023. The GDP growth in China was characterized by high rates for decades. Following the COVID-19 pandemic, the country has struggled to catch up with the previous level of growth rates and was forecast to stay at more modest real GDP growth rates in the coming years.  A new paradigm of development in the Asia-Pacific region Even though the Asia-Pacific region has made significant economic improvements in the last decades, from a developmental perspective, tackling existing socio-economic issues will be critical for future growth. An aspect worth mentioning is the GDP per capita in the region. EU countries, for example, had about ***** times as much GDP per capita compared to East Asia and the Pacific region in 2022. China has been working towards changing its economic focus to high-tech and service sectors while reducing its concentration on agriculture.

The average for 2023 based on 10 countries was 10.73 percent. The highest value was in Burma (Myanmar): 22.72 percent and the lowest value was in Singapore: 0.03 percent. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

In 2024, India’s real gross domestic product (GDP) growth rate was around **** percent, the highest in South Asia. In contrast, Nepal reported the lowest real GDP growth rate in the region at approximately **** percent that year, but it was forecasted to increase to **** percent in 2026.Economy in South Asia In general, South Asia encompasses Sri Lanka, Pakistan, Afghanistan, Bangladesh, Nepal, India and Bhutan. In 2020, India had a GDP of over *** trillion U.S. dollars, while Bangladesh and Sri Lanka followed. The Maldives and Bhutan were among the countries with the lowest GDP in the Asia-Pacific region. In South Asia, the main economic activities include the services sector as well as the industrial and manufacturing sectors.Society in South AsiaFrom the South Asian countries, Bangladesh had the highest share of people living below the poverty line. The Maldives and Sri Lanka exhibited the highest and second-highest GDP per capita among the South Asian countries in 2021.

This dataset provides values for GDP PER CAPITA reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

In 2023, the total population of all ASEAN states amounted to an estimated 619.02 million inhabitants. The ASEAN (Association of Southeast Asian Nations) member countries are Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. ASEAN opportunity The Association of Southeast Asian Nations was founded by five states (Thailand, Indonesia, the Philippines, Malaysia, and Singapore) in 1967 to improve economic and political stability and social progress among the member states. It was originally modelled after the European Union. Nowadays, after accepting more members, their agenda also includes an improvement of cultural and environmental conditions. ASEAN is now an important player on the global stage with numerous alliances and business partners, as well as more contenders wanting to join. The major player in the SouthIndonesia is not only a founding member of ASEAN, it is also its biggest contributor in terms of gross domestic product and is also one of the member states with a positive trade balance. In addition, it has the highest number of inhabitants by far. About a third of all people in the ASEAN live in Indonesia – and it is also one of the most populous countries worldwide. Among the ASEAN members, it is certainly the most powerful one, not just in numbers, but mostly due to its stable and thriving economy.

Government expenditure on education, total (% of GDP) in South Asia was reported at 1.8278 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. South Asia - Public spending on education, total (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

This dataset provides values for GDP PER CAPITA PPP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

In 2024, Vietnam’s gross domestic product (GDP) amounted to around 459.47 billion U.S. dollars, and is expected to increase to 490.97 billion U.S. dollars by 2025. Gross domestic product denotes the aggregate value of all services and goods produced within a country in any given year, and it is an important indicator of a country’s economic power. Vietnam’s economy Vietnam’s economy has a strong agrarian base, with key agricultural exports of wet rice, coffee, and black pepper. However, in the past decade (2008 to 2018), agriculture's contribution to Vietnam's GDP has been decreasing while the country’s industry sector experienced rapid growth at the same time. As of 2018, Vietnam’s top exports include information technology hardware, such as broadcasting equipment and mobile devices. Vietnam’s regional comparison Vietnam is part of the Association of Southeast Asian Nations (ASEAN), which encompasses regional nations with the goal of fostering trade and economic growth. The region has been reporting increasing GDP, amounting to 2.9 trillion U.S. dollars in 2018. Vietnam is one of the ASEAN countries experiencing export trade growth, and has had consistent yearly growth in GDP, at a rate of around six percent.

Key information about Philippines Household Debt: % of GDP

• Philippines household debt accounted for 11.7 % of the country's Nominal GDP in Dec 2024, compared with the ratio of 11.3 % in the previous quarter.
• Philippines household debt to GDP ratio is updated quarterly, available from Mar 2009 to Dec 2024.
• The data reached an all-time high of 11.7 % in Dec 2024 and a record low of 4.7 % in Mar 2009.

CEIC calculates quarterly Household Debt as % of Nominal GDP from quarterly Household Debt and quarterly Nominal GDP. Bangko Sentral ng Pilipinas provides Household Debt in local currency. Philippine Statistics Authority provides Nominal GDP in local currency. Loans are used due to the lack of Flow of Funds statistics.


Related information about Philippines Household Debt: % of GDP

• In the latest reports, Philippines Household Debt reached 53.2 USD bn in Dec 2024.
• Money Supply M2 in Philippines increased 7.2 % YoY in Jan 2025.
• Philippines Foreign Exchange Reserves was measured at 90.8 USD bn in Dec 2024.
• The Foreign Exchange Reserves equaled 7.6 Months of Import in Jan 2025.
• Philippines Domestic Credit reached 347.3 USD bn in Jan 2025, representing an increased of 10.9 % YoY.
• The country's Non Performing Loans Ratio stood at 3.3 % in Dec 2024, compared with the ratio of 3.5 % in the previous month.

According to Cognitive Market Research, the automotive logistics market size is expected to forecast a size of approximately USD XX Billion in the year 2024, considering the projected CAGR OF XX% from 2024 to 2031.

• The global automotive logistics market will expand significantly by XX% CAGR between 2024 and 2031. • Automobile parts, a type of automotive logistics has the largest market share and is expected to grow. • Roadway transport as a means of trade between nations is dominating the market share, which is mainly due to the convenience and easiness of vehicles. • Domestic distribution has been significantly growing in automotive logistics. • Asia-Pacific is the largest global automotive logistics and is estimated to grow at a CAGR of XX% over the forecast period.

Market Dynamics

Key Drivers

Globalization and technical advancement have led to an increase in free trade agreements between nations in recent years

The principal rationale behind the noteworthy surge in global commerce is its ability to provide reciprocal benefits and economic growth. International trade agreements, or FTAs, have greatly benefitted automotive logistics. Due to the automobile industry's worldwide influence, these agreements seek to lower taxes and trade restrictions. The rise in international contacts brought about by globalization emphasizes even more how crucial it is for nations to have strong economic ties and maintain their goals in the global marketplace. Just-in-time manufacturing, which entails delivering components precisely when needed, is another important component of car logistics. Free trade agreements often benefit local supplier chains and industrial clusters. For instance, China, Singapore, and India hold 47, 44, and 44 free trade agreements in the Asia-Pacific area, respectively. These accords boost the national economies of the member countries and enable the expansion of logistics. A new free trade agreement for the Asia-Pacific region was also announced in December 2021, with an implementation date of January 1, 2022. The Regional Comprehensive Economic Partnership (RCEP) is composed of fifteen East Asian and Pacific nations, each with a distinct economic position. The RCEP is predicted to be the largest trade agreement in history based on the combined GDP of its members. Between 15 East Asian and Pacific nations, tariffs would be eliminated 90% of the time, increasing intraregional exports by USD 42 billion. (Source: https://www.adb.org/sites/default/files/publication/792516/rcep-agreement-new-paradigm-asian-cooperation.pdf)

Increased convenience and flexibility offered by vehicles have led to a rise in road transportation, thereby favouring market growth

There has been a discernible shift in favour of road transportation in recent years. The flexibility and ubiquity of road transportation contribute significantly to its supremacy in vehicle logistics. Connecting various industrial sites, distribution centers, and end users is made easier by roads. Furthermore, because of technological improvements, tracking an automobile while it's on the road has never been simpler. Another strength of road transportation is its flexibility in handling varying cargo sizes and frequencies. GPS tracking of cargo is a common practice among corporations, but it might provide difficulties for ships and airplanes. According to the World Bank, Foreign trade and international economic cooperation are significantly aided by road freight transit. It is widely utilized for short- and medium-distance travel as well as long-distance travel on all continents where time efficiency is crucial. For instance, according to Hellmann Worldwide Logistics, they have partnered with ATS in the United Arab Emirates to establish a specialized joint venture known as HellmannATS Road Solutions. This solid cooperation allowed Hellmann's road logistics company in the Middle East to expand. Hellmann entered the market in 1999 and has since grown to offer airfreight, sea freight, contract logistics, and customs brokerage. Therefore, it is evident that road transportation favors the market growth and is expected that it’ll grow in the coming years.

(Source: https://www.hellmann.com/en/news/2023/hellmann-expands-road-business-middle-east-establishing-joint-venture-h...

Key information about Singapore Private Debt: % of Nominal GDP

• Singapore Private Debt accounted for 128.28 % of its Nominal GDP in Dec 2024, compared with a ratio of 126.48 % in the previous quarter
• Singapore Private Debt contribution to Nominal GDP ratio is updated quarterly, available from Mar 2004 to Dec 2024, with an average share of 141.92 %
• The data reached an all-time high of 175.47 % in Mar 2021 and a record low of 108.72 % in Mar 2006

CEIC calculates quarterly Private Debt as % of Nominal GDP from monthly Private Debt and quarterly Nominal GDP. The Monetary Authority of Singapore provides Private Debt in local currency. The Singapore Department of Statistics provides Nominal GDP in local currency. Private Debt includes Financial Sector. Private Debt prior to Q3 2021 covers transactions from Domestic Banking Units and Asian Currency Units.

Pendapatan Pajak:% dari PDB Indonesia dilaporkan sebesar 11.8 % pada 2024-12. Rekor ini naik dibanding sebelumnya yaitu 9.5 % untuk 2024-09. Data Pendapatan Pajak:% dari PDB Indonesia diperbarui triwulanan, dengan rata-rata 9.9 % dari 2014-03 sampai 2024-12, dengan 44 observasi. Data ini mencapai angka tertinggi sebesar 15.0 % pada 2015-12 dan rekor terendah sebesar 6.9 % pada 2020-09. Data Pendapatan Pajak:% dari PDB Indonesia tetap berstatus aktif di CEIC dan dilaporkan oleh CEIC Data. Data dikategorikan dalam Global Economic Monitor World Trend Plus – Table: Tax Revenue: % of Nominal GDP: Quarterly.

The statistic shows the national debt of countries in the ASEAN region of Asia in relation to gross domestic product (GDP) from 2020 to 2030. The ASEAN (Association of Southeast Asian Nations) countries are Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. In 2021, the national debt of Myanmar amounted to ***** percent of the country's gross domestic product.

The average for 2022 based on 28 countries was 121.02 percent. The highest value was in Hong Kong: 1273.23 percent and the lowest value was in Armenia: 1.29 percent. The indicator is available from 1975 to 2024. Below is a chart for all countries where data are available.