ASEAN Economy (2026)
10 member states · Combined GDP: $4.51T · Population: 0.70B · Source: IMF
ASEAN Economic Overview
The Association of Southeast Asian Nations (ASEAN) is one of the world's most dynamic economic regions, with a combined GDP of approximately $4.51T and a population exceeding 680 million — larger than the European Union. If ASEAN were a single country, it would be the world's 5th largest economy. The bloc encompasses enormous economic diversity: from Singapore's $65,000+ GDP per capita to Myanmar and Cambodia at under $2,000.
ASEAN has been a major beneficiary of manufacturing diversification away from China. Vietnam has emerged as a major electronics and textile exporter, with Samsung's largest factory complex in the world located near Hanoi. Indonesia is developing a nickel and EV battery supply chain. Thailand is Southeast Asia's automotive hub. The Philippines has a thriving business process outsourcing (BPO) industry. Malaysia and Singapore are key nodes in the global semiconductor supply chain.
ASEAN's young demographics (median age ~30), rising middle class, and rapid digital adoption make it one of the most attractive regions for long-term investment. The region's digital economy is projected to exceed $300 billion by 2025. Challenges include infrastructure gaps, regulatory fragmentation across member states, income inequality, and vulnerability to climate change — particularly rising sea levels and extreme weather events that threaten agricultural livelihoods.
| # | Country | GDP | Growth | GDP/Capita |
|---|---|---|---|---|
| 1 | Indonesia | $1.54T | 5.0% | $5,362 |
| 2 | Singapore | $659.57B | 3.5% | $107,758 |
| 3 | Thailand | $580.00B | 1.5% | $8,105 |
| 4 | Vietnam | $527.27B | 7.1% | $5,115 |
| 5 | Malaysia | $516.43B | 4.7% | $15,085 |
| 6 | Philippines | $512.22B | 4.1% | $4,443 |
| 7 | Myanmar | $83.83B | 3.0% | $1,519 |
| 8 | Cambodia | $52.38B | 4.0% | $2,902 |
| 9 | Laos | $18.96B | 4.0% | $2,403 |
| 10 | Brunei | $16.86B | 2.6% | $36,288 |