a s e a n

ASEANINTRODUCTION

THE ASEAN COMMUNITY

The Association of Southeast Asian Nations, or

ASEAN, was established on 8 August 1967 in Bangkok,

Thailand, with the signing of the ASEAN Declaration

(Bangkok Declaration) by the five Founding Members

of ASEAN, namely Indonesia, Malaysia, Philippines,

Singapore and Thailand, or ASEAN-5.

Brunei Darussalam joined ASEAN on 7 January 1984,

followed by Viet Nam on 28 July 1995, Lao PDR and

Myanmar on 23 July 1997, and Cambodia on 30 April

1999, making up today’s ten Member States of ASEAN,

or ASEAN-10.

Formally established on 31 December 2015.

01

APSC AEC ASCC

50 YEARSof ASEAN in Figures

1967 2016

Population (in million)

GDP per capita(in US$)

Trade (in US$ billion)

185

634

122

4,021

10

2,219

Life expectancy(in years)

5671

ASEAN Political- Security Community

ASEAN Economic Community

ASEAN Socio-CulturalCommunity

1967

ASEAN-5Indonesia, Malaysia,

Philippines, Singapore and

Thailand

BruneiDarussalam

joined

Viet Namjoined

Lao PDRand Myanmar

joined

Cambodiajoined

ASEAN-10

1984 1995 1997 1999

This leaflet is supported by European

Union through the EU-ASEAN COMPASS

Project

70A Jalan Sisingamangaraja

Jakarta 12110

(+6221)7262991, 7243372

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public@asean.org

www.asean.org

The ASEAN Secretariat

a s e a n

The Association of Southeast Asian Nations (ASEAN) was established on 8 August 1967. The Member States are Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand and Viet Nam. The ASEAN Secretariat is based in Jakarta, Indonesia.

For inquiries, contact:The ASEAN SecretariatCommunity Relations Division (CRD)or Statistics Division (ASEANstats)70A Jalan SisingamangarajaJakarta 12110 IndonesiaPhone: (62 21) 724-3372, 726-2991Fax: (62 21) 739-8234, 724-3504E-mail: public@asean.org or stats@asean.org

ASEAN: A Community of Opportunities

Catalogue-in-Publication Data

ASEAN Economic ProgressJakarta, ASEAN Secretariat, July 2017

315.951. ASEAN – Statistics 2. Economics – Social – Narrowing the Development Gap

The text of this publication may be freely quoted or reprinted, provided proper acknowledgement is given and a copy containing the reprinted material is sent to the Community Relations Division (CRD) of the ASEAN Secretariat, Jakarta.

General information on ASEAN appears online at the ASEAN Website: www.asean.org

Copyright Association of Southeast Asian Nations (ASEAN) 2017.All rights reserved.

ASEAN GDP PER CAPITA

Evolution of ASEAN GDP per capita (in US$ at current prices)

1967 1984 1995 1997 1999 2016

122

4,021

765

1,556

1,135

1,462

Robust economic growth in the region has steadily raised the standard of living, even in

the least developed ASEAN Member States. ASEAN average GDP per capita increased

significantly from US$122 at its establishment in 1967 to US$4,021 in 2016.

Over the decades, ASEAN has

consistently recorded positive real GDP

growth, except in 1998 at the height of

Asian Financial Crisis.

Since 1999, the year ASEAN achieved full membership, real

GDP growth varied between 2.5% and 7.5%. Meanwhile,

ASEAN share in the world GDP has almost doubled from

3.3% in 1967 to 6.2% in 2016.

Evolution of ASEAN GDP annual growth rate and ASEAN share in the world GDP (in %)

ASEAN REAL GDP GROWTH & SHARE IN THE WORLD GDP

4.8%in 2016

ASEAN real GDPgrowth stood at

1967 1984 1995 1997 2005 20101999 2016

6.2

3.3

Share of ASEAN in the world GDP (% based on $ PPP)

GDP annual growth rate (%)

4.3

10.0 9.2

-7.5

4.8

1999 2005 2010 2016

CLMV RAPID ECONOMIC GROWTH

Evolution of CLMV real GDP growth (%)

Since 1999, CLMV countries have

consistently experienced real GDP growth of over 6.1%,

peaking at 9,6% in 2005.

While CLMV countries recorded higher GDP growth

than the ASEAN-6, GDP per capita in ASEAN-6 was

still 2.7 times the GDP per capita in CLMV countries

in 2016: US$4,816 as compared to US$1,803.

6.1%

7.4%

9.6%

4.6%

7.5%

Cambodia, Lao PDR, Myanmar and Viet NamBrunei Darussalam, Indonesia, Malaysia, Philippines, Singapore

and Thailand

CLMVASEAN-6

6.6%

3.0%

5.3%

02

ASEAN GDP

In 2016, ASEAN collectively stood as

the 6th largest economy in the worldwith a combined GDP of US$2.55 trillion.

6thlargest economy

in the worldUS$2.55

trillion

Evolution of ASEAN’s GDP (in US$ million at current prices )

1967 1984 1995 1997 1999 2008 2016

AsianFinancial Crisis

GlobalFinancial Crisis

23

577

216

648

2,549

719

ASEAN-5Indonesia, Malaysia,Philippines, Singapore and Thailand

BruneiDarussalam

joined

combined GDP

Viet Namjoined

Lao PDRand Myanmar

joined

Cambodia joined

ASEAN-10

Poverty rate in ASEAN (% population living below $1.25 PPP per day)

Poverty rate in ASEAN-6 and CLMV countries (% population living below $1.25 PPP per day)

ASEAN economic progress has resulted in a decline in the share of ASEAN population

living below $1.25 PPP per day, from 47% in 1990 to 14% in 2015, well above the

combined ASEAN’s MDG target of 24%. This poverty reduction has been more rapidly

achieved in CLMV countries than in ASEAN-6.

1990 1995 2000 2005 2010 2015

1990 1995 2000 2005 2010 2015

24%19%

14%

22%

38%39%47%

ASEANMDG

TARGET 2015

21%

ASEAN-6MDG

TARGET 2015

33%

CLMVMDG

TARGET 2015

CLMVASEAN-6

42%

34%

21% 13%

18%

66%

56%

45%

POVERTY REDUCTION IN ASEAN

2015

17%

19%26%

36%

Source: ASEAN Secretariat.

03

04

05

06