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Asean Economic Community

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Submitted By krennsam
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ASEAN & the AEC opportunity Setting the stage
May 2012
P. K. Basu, Regional Head of Research & Economics pk.basu@maybank-ke.com.sg (65) 6432 1821

ASEAN’s Share of World Population & GDP

Population
596mil
Nominal GDP
US$1.87tn
(2010)





ASEAN’s population is more than double that of the US, but its nominal GDP is just over an eighth of the US.
In its heyday, (1987-97) ASEAN’s nominal GDP expanded faster than even China’s.
In the past decade, India and China outpaced ASEAN.
As ASEAN integrates, it becomes a more enticing market. With a larger population than the EU-27, the potential size of ASEAN’s market is huge, as its economic potential is achieved.
31/05/2012

2

ASEAN’s share of world population is much larger than its share of world
GDP, reflecting the latent potential for economic growth in ASEAN
Gross Domestic Product
(GDP)

GDP (US$ mn)

1
8,000,000
1
5,000,000
1
2,000,000
9,000,000
6,000,000
3,000,000
0

1
990
1
995
2000
A SEA N-1
0 China India

Population

2005
Japan US

201
0
EU

Source: CEIC, Maybank KE

P o pulatio n (mn)

1
,500
1
,200
900
600
300
0
1
990

1
995
2000
A SEA N-1
0 China India

2005
Japan US

201
0
EU

Source: CEIC, PKB

3

New-ASEAN (Indochina+Burma) complementary with ASEAN6

• Within ASEAN, the original 6 have most wealth, and annual income, but new-ASEAN has huge potential (with population totaling 170mn, and
GDP of just US$175bn).
• Integration would be a boon to new-ASEAN, especially as political changes now contribute to Burma’s ability to participate too.
Indochina’s 110mn people also represent spectacular potential.
31/05/2012

4

New-ASEAN (Indochina+Burma) would benefit hugely from the enhanced commercial integration of ASEAN
GDP (US$ mn)

Gross Domestic Product 6,000,000
(GDP)
4,500,000

3,000,000

1

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