In 2024, the total gross domestic product (GDP) of all ASEAN states amounted to approximately 3.95 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.

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, 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 2024, with projections up until 2030. In 2024, GDP per capita in Singapore was almost ****** U.S. dollars: more than five times the average of all ASEAN countries, and more than 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.

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, the total population of all ASEAN states amounted to an estimated 686.1 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.

The statistic shows the national debt of countries in the ASEAN region of Asia in relation to the 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 2024, the national debt of Myanmar was estimated at around **** percent of the country's gross domestic product.

The average for 2023 based on 10 countries was 19.19 percent. The highest value was in Cambodia: 26.33 percent and the lowest value was in Laos: 9.25 percent. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

The average for 2024 based on 10 countries was 2.42 percent. The highest value was in Brunei: 5.14 percent and the lowest value was in Cambodia: 0.27 percent. The indicator is available from 1991 to 2024. Below is a chart for all countries where data are available.

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.

This dataset provides values for GDP ANNUAL GROWTH RATE 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 459.5 billion U.S. dollars, and is expected to increase to 484.7 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.

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.

The average for 2023 based on 9 countries was 68.39 percent. The highest value was in Singapore: 181.56 percent and the lowest value was in India: 21.45 percent. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

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

In 2024, Niger's real GDP is estimated to grow by 10.4 percent compared to the previous year. During 2023, the GDP is estimated to have increased by only 1.4 percent, nevertheless a positive trend. The country's real GDP is forecast to continue growing but at a slower pace. Between 2025 and 2029, it is expected to grow annually by roughly six percent. Furthermore, the GDPs of Senegal, Libya, and Rwanda might increase by around 8.3 percent, 7.8 percent, and 6.9 percent during 2024, respectively. Niger: A dependence on agriculture A large portion of Niger's economy comes from agriculture. In 2022, agriculture accounted for almost 40 percent of the GDP. Niger is not the only country in Africa where agriculture plays a crucial role. For example, agriculture made up nearly 60 percent of Sierra Leone’s GDP in 2022. Such dependence could mean that any disruptions in the agricultural products market could have significant effects on the country's GDP. Sub-Saharan Africa's economy will be among the fastest-growing regions worldwide Three African countries have significantly larger economies, namely, Nigeria, South Africa, and Egypt. As of 2022, these countries' GDP stood at nearly 477.4 billion, 475.2 billion, and 405.7 billion U.S. dollars. Furthermore, it is anticipated that Sub-Saharan Africa's GDP growth in 2026 will rank as the second-fastest growing economic region in the world after the ASEAN-5 countries, with a growth rate of approximately four percent. In contrast, economic areas such as the European Union are forecast to grow at only about 1.5 percent in the same year.

This dataset provides values for HOUSEHOLDS DEBT TO 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 UNEMPLOYMENT RATE 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 8 countries was 53.98 percent. The highest value was in the Philippines: 76.15 percent and the lowest value was in Brunei: 28.5 percent. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.