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 2019, all ASEAN nations had a total gross domestic product growth of approximately 4.6 percent. This was a decrease compared to 2010, in which the GDP of the ASEAN region grew by 7.5 percent.

The average for 2023 based on 10 countries was 31604 U.S. dollars. The highest value was in Singapore: 127544 U.S. dollars and the lowest value was in Burma (Myanmar): 5364 U.S. dollars. The indicator is available from 1990 to 2023. Below is a chart for all countries where data are available.

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.

In 2019, all ASEAN nations had a total gross domestic product which amounted to approximately 3.17 trillion U.S. dollars. This was a significant increase from 2010, in which the gross domestic product of the ASEAN region amounted to just over 1.9 trillion U.S. dollars.

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 statistic shows gross domestic product (GDP) per capita in the ASEAN countries from 2020 to 2023, with projections up until 2030. GDP is the total value of all goods and services produced in a country in a year. It is considered to be a very important indicator of the economic strength of a country and a positive change is an indicator of economic growth. The ASEAN (Association of Southeast Asian Nations) region in Asia comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. In 2023, GDP per capita in Brunei amounted to around 33,507.41 U.S. dollars.

East Asia & Pacific GDP per capita for 2023 was $12,928, a 0.14% increase from 2022.

<ul style='margin-top:20px;'>

<li>East Asia & Pacific GDP per capita for 2022 was <strong>$12,910</strong>, a <strong>1.76% decline</strong> from 2021.</li>
<li>East Asia & Pacific GDP per capita for 2021 was <strong>$13,142</strong>, a <strong>14.4% increase</strong> from 2020.</li>
<li>East Asia & Pacific GDP per capita for 2020 was <strong>$11,488</strong>, a <strong>0.03% increase</strong> from 2019.</li>
</ul>GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars.

The average for 2023 based on 10 countries was 0.36 percent. The highest value was in Indonesia: 1.31 percent and the lowest value was in Brunei: 0.01 percent. The indicator is available from 1980 to 2023. Below is a chart for all countries where data are available.

In 2020, Brunei was the only ASEAN member state where the industry sector contributed the biggest share to the national GDP. In Singapore, the services sector contributed over 74 percent to the national GDP that year, the biggest share among ASEAN countries.

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.

The statistic shows the budget balance in relation to GDP of the ASEAN countries in Asia between 2020 and 2030. The ASEAN (Association of Southeast Asian Nations) countries are Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. A positive value indicates a budget surplus, a negative value indicates a deficit. In 2023, Indonesia's deficit amounted to around 1.91 percent of GDP.

The average for 2023 based on 10 countries was 10.74 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 2023. 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 average for 2023 based on 9 countries was 67.69 percent. The highest value was in Singapore: 174.3 percent and the lowest value was in Indonesia: 21.75 percent. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

Hong Kong GDP: IS: ASEAN data was reported at 52,946.000 HKD mn in 2016. This records a decrease from the previous number of 53,552.000 HKD mn for 2015. Hong Kong GDP: IS: ASEAN data is updated yearly, averaging 53,071.500 HKD mn from Dec 2009 (Median) to 2016, with 8 observations. The data reached an all-time high of 56,842.000 HKD mn in 2014 and a record low of 37,716.000 HKD mn in 2009. Hong Kong GDP: IS: ASEAN data remains active status in CEIC and is reported by Census and Statistics Department. The data is categorized under Global Database’s Hong Kong – Table HK.A172: SNA 2008: GDP: Trade in Services: MSITS 2010: Current Price: by Major Service Component and Region (Annual).

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

Hong Kong GDP: ES: ASEAN data was reported at 66,365.000 HKD mn in 2016. This records a decrease from the previous number of 67,163.000 HKD mn for 2015. Hong Kong GDP: ES: ASEAN data is updated yearly, averaging 58,479.500 HKD mn from Dec 2009 (Median) to 2016, with 8 observations. The data reached an all-time high of 67,163.000 HKD mn in 2015 and a record low of 38,839.000 HKD mn in 2009. Hong Kong GDP: ES: ASEAN data remains active status in CEIC and is reported by Census and Statistics Department. The data is categorized under Global Database’s Hong Kong SAR – Table HK.A172: SNA 2008: GDP: Trade in Services: MSITS 2010: Current Price: by Major Service Component and Region (Annual).

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.

The average for 2022 based on 9 countries was 1.84 percent. The highest value was in Burma (Myanmar): 3.05 percent and the lowest value was in Indonesia: 0.7 percent. The indicator is available from 1960 to 2022. Below is a chart for all countries where data are available.