In 2022, the total population of all ASEAN states amounted to an estimated 673.02 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 South

Indonesia 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.

In 2022, about 16.6 percent of Singapore's population was aged 65 years and over. In comparison, only about 4.7 percent of the population in the Laos was aged 65 years and over, while the country's five to 19 age group accounted for approximately 30.2 percent of the total population in the same year.