Economy

Remark: Data collected and analyzed as of June 2020.

ASEAN, as a combined economy, ranks 3rd in the top largest markets following China and India, and 4th in the top largest economies following the US, EU, China and Japan respectively.

Sources:  1) WorldBank.org https://data.worldbank.org/, Europa.eu https://europa.eu/european-union/about-eu/figures/living_en; 2) ASEANup.com https://aseanup.com/asean-infographics-population-market-economy/ 

ASEAN’s total GDP is worth US$ 9.34 trillion in 2019 and has a Compound Annual Growth Rate (CAGR) of 6.2% per year between 2010-2020.

Source: https://www.statista.com/statistics/796245/gdp-of-the-asean-countries/; Remark: CAGR = Compound Annual Growth Rate

The top 3 countries with highest GDP are Indonesia, Thailand and Malaysia, while the ones with largest populations are Indonesia, Philippines and Vietnam respectively.

Sources: 1) Statista, GDP of the ASEAN countries https://www.statista.com/statistics/796245/gdp-of-the-asean-countries/, http://statisticstimes.com/economy/countries-by-projected-gdp.php; 2) Statista – Total population of the ASEAN countries from 2008 to 2018 https://www.statista.com/statistics/796222/total-population-of-the-asean-countries/ 

The 2 most affluent populations are of Singapore and Brunei although their population are rather small compared to other countries.

Sources: 1) Statista, GDP of the ASEAN countries https://www.statista.com/statistics/796245/gdp-of-the-asean-countries/, http://statisticstimes.com/economy/countries-by-projected-gdp.php; 2) Statista – Total population of the ASEAN countries from 2008 to 2018 https://www.statista.com/statistics/796222/total-population-of-the-asean-countries/ 

ASEAN’s literacy rate, technology adoption rate and attitude towards technology is relatively high.

Hootsuite, 2018, Global overview https://www.slideshare.net/wearesocial/digital-in-2018-global-overview-86860338, Hootsuite, 2018, Southeast Asia part 1 & 2 https://www.slideshare.net/wearesocial/digital-in-2018-in-southeast-asia-part-1-northwest-86866386, https://www.slideshare.net/wearesocial/digital-in-2018-in-southeast-asia-part-2-southeast-86866464.  No data for Brunei, Cambodia, Laos and Myanmar for diagram on the right.
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