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.

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 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 2025 based on 11 countries was 3.67 percent. The highest value was in India: 6.2 percent and the lowest value was in Thailand: 1.8 percent. The indicator is available from 1980 to 2030. Below is a chart for all countries where data are available.

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 2023, South Asia recorded the highest real gross domestic product (GDP) growth rate in the Asia-Pacific region at seven percent, at least 2.7 percentage points higher than other subregions. East Asia reported a real GDP growth rate of about 4.3 percent, while Southeast Asia's real GDP growth rate was around 4.1 percent that year. In 2025, South Asia was forecasted to remain the subregion with the highest real GDP growth rate at six percent, while Southeast Asia was projected to rank second at around 4.7 percent.

The average for 2024 based on 11 countries was 15067.24 U.S. dollars. The highest value was in Singapore: 90674.07 U.S. dollars and the lowest value was in Burma (Myanmar): 1359.26 U.S. dollars. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

In 2019, the internet economy as a share of the gross domestic product (GDP) in Southeast Asia amounted to *** percent. It was forecasted for 2025 that the internet economy as a share of the GDP in Southeast Asia will increase to *** percent.

This dataset provides values for GOVERNMENT 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 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.

In 2024, the real gross domestic product (GDP) of Thailand grew at a rate of 2.54 percent compared to the previous year. The Thai economy Thailand relies less on agriculture and more on employment in the service sector, which is a sign of a more advanced economy. This development is also apparent in its GDP per capita, which is one of the highest in Southeast Asia. One aspect of a developed economy is that it is more diverse, and thus less exposed to economic shocks. This statistic reflects that robustness in its optimistic view of Thai GDP growth. Domestic factors Thailand has posted an incredibly low unemployment rate for several years, which suggests that the workforce matches the demand for labor remarkably well. Equally important, the inflation rate tends to be low and stable, though sometimes too low. If Thailand wants to realize the positive projections in this statistic, the inflation rate of the baht should be between 2 and 3 percent, according to most economists.

The statistic shows gross domestic product (GDP) per capita at current prices in Indonesia from 1987 to 2024, 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. In 2023, the GDP 29per capita in Indonesia amounted to around 4,958.4 U.S. dollars. Indonesia's gross domestic product on the rise Indonesia has the largest economy in Southeast Asia is considered one of the most important emerging market economies in the world. Indonesia is a member of the G-20 economies and a founding member of ASEAN. It has one of the largest gross domestic products in the world: In 2014, the Indonesian GDP was reported to exceed 856 billion U.S. dollars. GDP in Indonesia has been increasing rapidly and in 2011, it was estimated that it had grown by more than 6.4 percent in comparison to the previous year. That same year, global GDP amounted to more than 72 trillion U.S. dollars - with the exception of 2009, global GDP has been continuously increasing each year over the past decade. Based on purchasing power parity, Indonesia's share in the global GDP is significantly higher than that of other major economies, and in 2014 was almost on the same level with France and higher than the UK's share. According to a forecast by Goldman Sachs, Indonesia will be among the 15 countries with the largest gross domestic product worldwide by 2030. In addition, the gross domestic product per capita in Indonesia has also undergone a rapid increase. Over the past decade, GDP per capita in Indonesia has quadrupled, a remarkable feat seldom seen in any economy.

As per Cognitive Market Research's latest published report, The Southeast Asia Corporate Secretarial Services market size will be $313.78 Million by 2028. The Southeast Asia Corporate Secretarial Services Industry's Compound Annual Growth Rate will be 5.68% from 2023 to 2030. Factors Impacting Southeast Asia Corporate Secretarial Services Market Growth

Rising economy of Southeast Asia due to rising SME's

Southeast Asia has become one of the major players in today’s global economy. With a combined GDP of US$2.7 billion (3.5% of the world GDP) in 2017, the ASEAN economy is projected to grow over 5% per year and become the fourth largest economy in the world by 2030. However, SMEs has played major role in developing economy. These SMEs contribute to each AMS’ GDP between 30% and 53%, with export contribution between 10% and 30%. Thus, it makes real contribution to income and employment generation, gender and youth empowerment through their diverse business participation, and their widespread presence in non-urban and rural areas.

However, with the increasing number of players and businesses, competitive approach has also increased drastically. Every small and medium business along with large enterprises ensures their digital presence and are efficiently utilizing digital technology to sustain in the market.

There are various significant issues on inconsistent and arbitrary definitions of SMEs within and between countries, across regulatory bodies, government departments, and professional institutions. Differences in existing laws, rules and regulatory frameworks, and the nature of Southeast Asia as a politically, socially, and economically diverse region, contribute to difficulties in negotiating and adopting a common and coherent regional definition. Thus, to sustain in the changing market dynamics, quality of thinking and delivery are more important than ever. This can be done by leveraging upon the expertise of the personnel.

Hence, growing SMEs in Southeast Asia region drives the growth of corporate secretarial services market.

Market Dynamics of

Southeast Asia Corporate Secretarial Services Market

Key Drivers of

Southeast Asia Corporate Secretarial Services Market

Increasing Regulatory Complexity in Southeast Asia : As countries in Southeast Asia enhance their corporate governance standards, the demand for professional secretarial services is on the rise. Regular updates to regulations, compliance requirements, and cross-border reporting obligations drive businesses to seek expert assistance. Corporate secretarial firms play a crucial role in navigating these changing frameworks and avoiding legal repercussions, making them vital partners for both domestic and international operations. This shift in regulation is fostering ongoing demand among public, private, and foreign-owned companies.

Growth of Foreign Direct Investment (FDI) in the Region : With a surge in foreign investments into nations such as Singapore, Malaysia, Indonesia, and Vietnam, there is a notable increase in the need for secretarial services that assist with company registration, legal structuring, and compliance documentation. These services facilitate entry for foreign enterprises that may be unfamiliar with local regulations. Corporate secretarial providers deliver comprehensive support, ensuring a seamless setup and operation, thus playing an essential role in promoting the growth of international businesses in the region.

Emergence of Startups and SMEs : The vibrant startup landscape and the increasing number of small- and medium-sized enterprises (SMEs) in Southeast Asia are driving the demand for affordable secretarial support. Startups often choose to outsource their administrative, legal, and compliance responsibilities to concentrate on their core business activities. Corporate secretarial service providers present flexible packages designed for small businesses, allowing them to maintain compliance without the need for in-house teams. This adaptability bolsters the entrepreneurial surge across countries like Thailand, the Philippines, and Vietnam.

Key Restraints in

Southeast Asia Corporate Secretarial Services Market

Lack of Standardization Across Jurisdictions : Each country in Southeast Asia possesses its unique regulatory framework, featuring varying rules regarding company formation, filing deadlines, and complian...

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.

Inflation rates in the Association of Southeast Asian Nations (ASEAN) ranged from **** percent inflation in Myanmar to ***** percent inflation in Brunei Darussalam in 2024. Only a few countries are in the two to six percent range that many economists view as optimal for emerging economies. Effects of high inflation High inflation is generally detrimental to the economy. Prices tend to rise faster than wages, meaning that people and firms have less purchasing power. This in turn leads to slower growth in the gross domestic product (GDP). It also leads to a weaker currency. For countries with a positive trade balance this can be beneficial, because exports are relatively cheaper to foreign buyers. Through the same mechanism, net importers suffer from a weaker currency. Additionally, inflation makes a country’s national debt less expensive if the debt is denominated in the local currency. However, most of this debt is in U.S. dollars, so inflation makes the debt more difficult to service and repay. Risks of deflation With deflation, consumers and firms delay investments because they expect prices to be lower in the future. This slows consumption and investment, two major components of GDP growth. The most common example of this is Japan, where the GDP growth rate has been low for a long time due, in large part, to deflation. For this reason, countries like Brunei would rather see low and stable inflation than slight deflation.