Gross domestic product of the ASEAN countries from 2008 to 2018

In 2018, the estimated total GDP of all ASEAN states amounted to approximately 2.95 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 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 2008 to 2018

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Source

Release date

October 2019

Region

Worldwide

Survey time period

2008 to 2017

Supplementary notes

Figures after 2017 are estimates.

Figures have been rounded.

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