In 2022, the estimated total GDP of all ASEAN states amounted to approximately 3.67 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 East
The 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 market
The 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.
Gross domestic product (GDP) of the ASEAN countries from 2019 to 2029
(in billion U.S. dollars)
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IMF. (April 22, 2024). Gross domestic product (GDP) of the ASEAN countries from 2019 to 2029 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/796245/gdp-of-the-asean-countries/
IMF. "Gross domestic product (GDP) of the ASEAN countries from 2019 to 2029 (in billion U.S. dollars)." Chart. April 22, 2024. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/796245/gdp-of-the-asean-countries/
IMF. (2024). Gross domestic product (GDP) of the ASEAN countries from 2019 to 2029 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/796245/gdp-of-the-asean-countries/
IMF. "Gross Domestic Product (Gdp) of The Asean Countries from 2019 to 2029 (in Billion U.S. Dollars)." Statista, Statista Inc., 22 Apr 2024, https://www.statista.com/statistics/796245/gdp-of-the-asean-countries/
IMF, Gross domestic product (GDP) of the ASEAN countries from 2019 to 2029 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/796245/gdp-of-the-asean-countries/ (last visited November 22, 2024)
Gross domestic product (GDP) of the ASEAN countries from 2019 to 2029 (in billion U.S. dollars) [Graph], IMF, April 22, 2024. [Online]. Available: https://www.statista.com/statistics/796245/gdp-of-the-asean-countries/
