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NEW UPDATES Asean Affairs  1 September 2014  




ASEAN Statistics Releases Latest Economic Updates

The latest ASEAN statistics showed that in 2013, the region recorded real Gross Domestic Product (GDP) growth of 5.1%, with international merchandise trade and Foreign Direct Investment (FDI), posting an increase of 1.4% and 7.1%, respectively.

In terms of nominal GDP, ASEAN GDP increased from US$2.3 trillion in 2012 to US$2.4 trillion in 2013, with the per capita GDP reaching US$3,837 in 2013 from US$3,761 in 2012. Indonesia was the biggest economy in ASEAN, with US$863 billion, followed by Thailand at US$388 billion and Malaysia with US$312 billion. In terms of per capita GDP, Singapore topped the rest of the ASEAN Member States, with US$55,183 followed by Brunei Darussalam with US$39,677. Both countries also registered lower inflation rates at 1.5% and 0.2%, respectively. Details on ASEAN macroeconomics indicators are available here.

In 2013 ASEAN international merchandise trade amounted to US$2.5 trillion, with total export receipts of US$1.3 trillion and import payments of US$1.2 trillion. Trade among ASEAN Member States represented 24.2% of the region’s total trade. China, the biggest trade partner, cornered 12% of exports and 16% of imports. Other leading trade partners include European Union, Japan, and USA. Electrical machinery and equipment were the top export earner at US$277 billion while mineral fuels, mineral oils and product of their distillation were the highest imported commodity products at US$274 billion. Details on ASEAN international merchandise trade are available here.

Inward flows of FDI in ASEAN rose from US$114 billion in 2012 to US$122 billion in 2013. Intra-ASEAN investments grew steadily in recent years although share to total ASEAN FDI inflows remained at around 17 percent.  During the period 2011-2013, ASEAN received the highest FDI from European Union and Japan, accounting for almost 40 percent of the total ASEAN FDI inflows. In 2013, European Union’s FDI represented 22% of total ASEAN FDI inflows, followed by Japan (18.7%) and ASEAN. Details on ASEAN FDI inflows are available here.




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ASEAN  ANALYSIS

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

 


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