GDP per capita in ASEAN doubled since 2000

Reading Time: 2 minutes

ASEAN peopleReal gross domestic product (GDP) per capita in purchasing power parity in ASEAN has almost doubled from $2,882 in 2000 to $5,581 in 2011, according to a report launched on September 17 by the ASEAN Secretariat.

Growth was strong in both country groups — the ASEAN6 (Brunei Darussalam, Indonesia, Malaysia, the Philippines, Singapore and Thailand) and CLMV (Cambodia, Laos, Myanmar and Vietnam). The CLMV countries posted robust growth, narrowing the gap with the ASEAN6. Comparing the ASEAN6 and CLMV, the growth of per-capita GDP was 3.4 in 2000, and only 2.6 in 2011.

ASEAN trade in goods among its member-states more than doubled from $260.9 billion in 2004, to $598.2 billion in 2011. For the same period, extra-ASEAN trade grew from $428.1 billion to $914.8 billion. The gap between ASEAN and CLMV countries has decreased. Intra-ASEAN trade share in ASEAN trade slightly increased from 24.3 per cent to 25 per cent during the same period.

Trade in services increased rapidly in communications, computer and information services, travel services and business services, royalties and licenses. Trade in transport services has recovered from a substantial decline in 2008 brought by the global financial crisis. ASEAN’s deficit on trade in services contracted by 37 per cent from around $22 billion in 2005 to less than $9 billion in 2011.

Inward flow of foreign direct investment (FDI) into ASEAN has recorded an increase of more than fourfold — from $21.81 billion in 2000 to $114.08 billion in 2011 — with Singapore, Indonesia and Malaysia leading the member states. Intra-Asean FDI inflow has increased from 3.9 per cent to 23 per cent during the same period.

The proportion of population living on less than $1.25 a day in ASEAN has declined between 2000 and 2010, from around 45 per cent to 16 per cent in CLMV countries and from about 29 per cent to 15 per cent in the ASEAN6.

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid

Reading Time: 2 minutes

Real gross domestic product (GDP) per capita in purchasing power parity in ASEAN has almost doubled from $2,882 in 2000 to $5,581 in 2011, according to a report launched on September 17 by the ASEAN Secretariat.

Reading Time: 2 minutes

ASEAN peopleReal gross domestic product (GDP) per capita in purchasing power parity in ASEAN has almost doubled from $2,882 in 2000 to $5,581 in 2011, according to a report launched on September 17 by the ASEAN Secretariat.

Growth was strong in both country groups — the ASEAN6 (Brunei Darussalam, Indonesia, Malaysia, the Philippines, Singapore and Thailand) and CLMV (Cambodia, Laos, Myanmar and Vietnam). The CLMV countries posted robust growth, narrowing the gap with the ASEAN6. Comparing the ASEAN6 and CLMV, the growth of per-capita GDP was 3.4 in 2000, and only 2.6 in 2011.

ASEAN trade in goods among its member-states more than doubled from $260.9 billion in 2004, to $598.2 billion in 2011. For the same period, extra-ASEAN trade grew from $428.1 billion to $914.8 billion. The gap between ASEAN and CLMV countries has decreased. Intra-ASEAN trade share in ASEAN trade slightly increased from 24.3 per cent to 25 per cent during the same period.

Trade in services increased rapidly in communications, computer and information services, travel services and business services, royalties and licenses. Trade in transport services has recovered from a substantial decline in 2008 brought by the global financial crisis. ASEAN’s deficit on trade in services contracted by 37 per cent from around $22 billion in 2005 to less than $9 billion in 2011.

Inward flow of foreign direct investment (FDI) into ASEAN has recorded an increase of more than fourfold — from $21.81 billion in 2000 to $114.08 billion in 2011 — with Singapore, Indonesia and Malaysia leading the member states. Intra-Asean FDI inflow has increased from 3.9 per cent to 23 per cent during the same period.

The proportion of population living on less than $1.25 a day in ASEAN has declined between 2000 and 2010, from around 45 per cent to 16 per cent in CLMV countries and from about 29 per cent to 15 per cent in the ASEAN6.

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid