Sign up | Log in



Home  >>   Daily News  >>   Asean  >>Economy  >> ASEAN GDP Grows by 4.6%
NEW UPDATES Asean Affairs  20 August 2015  

ASEAN GDP Grows by 4.6%

ASEAN Secretariat News

JAKARTA, 19 August 2015- The latest data from ASEAN Statistics revealed that ASEAN economies remained resilient in 2014 amidst uncertainty in the global economic environment. The real Gross Domestic Product (GDP) grew by 4.6 percent to reach US$ 2.57 trillion. The sustained growth in GDP led to an increase in the GDP per capita from US$ 3,908 in 2013 to US$ 4,130 in 2014. The services sector continued to be the biggest contributor to growth at 50.1 percent of the region’s total GDP in 2014.

In the case of ASEAN6 (Brunei Darussalam, Indonesia, Malaysia, Philippines, Singapore and Thailand), all countries except Malaysia have experienced a slowdown in their growth, leading to a decrease in the averaged GDP growth from 5.1 percent in 2013 to 4.3 percent in 2014. In contrast, the real GDP growth of CLMV countries (Cambodia, Lao PDR, Myanmar, and Viet Nam) advanced by 6.6 percent in 2014, higher by 0.4 percentage point compared to the 2013 level.

In terms of Purchasing Power Parity (PPP) on the one hand, ASEAN’s GDP reached PPP$ 6.64 trillion in 2014, constituting 6.1 percent of World GDP in PPP. On the other hand, ASEAN’s GDP per capita stood at PPP$ 10,677 which is equivalent to approximately two-thirds of the World GDP per capita of PPP$ 15,189.

As one of the fastest growing regions in the world, the share of ASEAN GDP in the world has increased from 3.18% in 2013 to 3.33% in 2014. The size of the ASEAN GDP in 2014 stood at approximately 15% of the US economy, compared to only 7% in 2004.

A summary table of these indicators is available here (link the snapshot file). More detailed figures of ASEAN trade are available here and FDI are available here.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                           August  20 , 2015 Subsribe Now !
• ASEAN GDP Grows by 4.6% Subcribe: Asean Affairs Global Magazine
• Thai entrepreneurs urged to move fast in Myanmar
• M'sia's halal exports hit US$2.44b
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Thai tourism set for rough ride after Bangkok blasts
• HCM City speeds up work on special economic zone
Asean Analysis                   August 14, 2015
• Asean Analysis August 14, 2015
Aung San Suu Kyi & Her Party Face Challenges Despite Opportunities of Myanmar’s Elections
Advertise Your Brand

Asean Stock Watch  August  19,   2015
• Asean Stock Watch-August 19, 2015
The Biweekly Update
• The Biweekly Update July 24, 2015

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand