Whose Economy is Strongest Among ASEAN Nations?
Рет қаралды 19,308
Күн бұрынThe Association of Southeast Asian Nations (ASEAN) comprises ten member states, with Indonesia, Thailand, Singapore, the Philippines, Vietnam, and Malaysia ranking among the world's 50 largest economies. Indonesia, the largest economy in ASEAN by nominal GDP, is driven by strong private consumption and FDI, despite challenges like infrastructure deficits. Singapore, with a GDP per capita among the highest globally, excels as a global financial hub, supported by advanced infrastructure, a strong legal framework, and openness to trade. Vietnam has emerged as a manufacturing powerhouse, focusing on export-oriented growth and significant FDI. The Philippines, with a dynamic services sector and substantial remittances, sees robust growth supported by a youthful population. Malaysia's diversified economy, driven by manufacturing and exports, faces challenges like income inequality. Thailand's economy, bolstered by tourism and manufacturing, confronts issues like political instability and an aging population. While Brunei relies heavily on oil and gas, it is diversifying its economy. Myanmar, despite political instability, has opportunities in agriculture and mining. Cambodia's rapid growth is driven by garment manufacturing and tourism, while Laos relies on hydropower exports. Singapore stands out as the strongest economy in ASEAN due to its high GDP per capita, strategic location, advanced economic structure, business-friendly environment, and robust financial sector, although it faces challenges like an aging population and reliance on global trade. Despite these strengths, each ASEAN country uniquely contributes to the region's economic dynamism, collectively making ASEAN a significant global economic player. Like, comment, and subscribe for more in-depth coverage of global economies and geopolitics. Watch complete video and do not forget to visit our channel for more interesting videos.
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0:00 The Strongest Economy in ASEAN: A Comprehensive Analysis
0:38 Economic Performance and Powerhouses of ASEAN Member States: Indonesia
2:28 Singapore
4:11 Vietnam
5:47 Philippines
7:24 Malaysia
8:45 Thailand
10:01 Brunei
11:31 Myanmar
12:53 Cambodia
13:41 Laos
14:39 The Winner: Singapore
16:06 Challenges and Future Prospects
16:41 Conclusion
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#ASEAN #ASEANeconomy #Singapore #Philippines #southchinasea #lawrencewong #ferdinandmarcosjr
Disclaimer:
The content in this video reflects the author(s)' thoughts and does not represent the official viewpoint of The Pacific Report; viewers are recommended to conduct their own research and seek expert advice before relying on the information provided.
@PacificReport 27 күн бұрын
Will ASEAN ever surpass Europe in Tourism sector? kzfaq.info/get/bejne/fqxpjZerp5nZZIU.html
@sart3735 24 күн бұрын
You live in the 1990s. No longer. Brunei per capita did not grow since and the king is no longer the richest man in the world.
@azanshukor428 21 күн бұрын
Cambodia and Vietnam rapid development is amazing..
@DiniKusuma 26 күн бұрын
Before watching the video ... my guess is 👇 The riches : Brunei for sure The most developed : Singapore and Malaysia The highest growth : Philippines and Vietnam The largest economy : Indonesia
@syukrifirdaus5919 23 күн бұрын
Definitely 🎉
@etol2137 23 күн бұрын
The highest growth bye population is phllipines😂😅
@Ceruleanmonster 22 күн бұрын
@@etol2137it has greatly slowed and at its current rate, it's now at a healthy level further slowing will be detrimental to the economy
@pogogod6036 21 күн бұрын
Pretty sure Vietnam has been faster than Philippine lately
@hangten1904 21 күн бұрын
@@etol2137 No dating problems there.
@dangerousvillain7278 20 күн бұрын
Malaysia's demographic in next 5-10 years. Malay: 25% Chinese: 25% South Asian: 25% Other Asian (Indonesian, Filipino, Burmese, Vietnamese) : 25% RIP Malay people. RIP Malay language. 😊
@weedwhacker7295 19 күн бұрын
Nahh malay make baby while another race dont want to get married and decline birth rate lol
@user-re3qx4gn3h 19 күн бұрын
Honestly there is nothing wrong if that happens. It also means more Malays are also in other countries. The world is globalized. It means we have more friend from all kinds of races. Open your mind and don't keep thinking about race based.
@solonhappy 19 күн бұрын
don't cry when you are insulted 😂😂
@Clarksville000 13 күн бұрын
Usa of asia
@fahvm4362 3 күн бұрын
I want ASEAN be a New Europe. That's it. I don't want we hate each other. We should modernized each other. 🇲🇾✌🏻
@TenCo-by9pf 27 күн бұрын
You are wrong! The Big Infra Projecs are already funded both Phillippines & partner Japan like the Hi - speed Subway Train and most of the Big Infra projects are ongoing construction in the Philippines..that is why the Philippines is still the fastest GDP growth in all South East Asian countries.
@user-ul8qw6gu3u 25 күн бұрын
Deceive yourself. You can't count the drawings into gdp.
@TenCo-by9pf 18 күн бұрын
@@user-ul8qw6gu3u your just envious to the progressive Philippines
@elviraflores6118 12 күн бұрын
@@TenCo-by9pfbec. They don't know the secret gold bars of the Pilipinas
@muhammadnoorbinrohani39 25 күн бұрын
INDONESIA BEST & TOP
@말라유 22 күн бұрын
50% ekonomi indonesia from tki tkw pmi babu kuli pembantu seluruh dunia 😂😂
@denycy137 20 күн бұрын
@@말라유banglasia 🇲🇾🇧🇩❤️🤣🤣🤣😛😛
@dangerousvillain7278 20 күн бұрын
@@말라유malaydesh😂🎉
@denycy137 20 күн бұрын
@@말라유muka Melayu Malaysia mirip banglasia 🇲🇾🇧🇩❤️🤣🤣🤣😛😛
@Indonesia-ew8lv 18 күн бұрын
@@말라유, penting ngk ngemis😂...
@jperez7893 27 күн бұрын
singapore
@muhammadnoorbinrohani39 25 күн бұрын
1 INDONESIA. 1 NUSANTARA. 1 ASEAN.
@말라유 22 күн бұрын
50% ekonomi indonesia from tki tkw pmi babu kuli pembantu seluruh dunia 😂😂
@denycy137 20 күн бұрын
@@말라유banglasia 🇲🇾🇧🇩❤️🤣🤣🤣😛😛
@dangerousvillain7278 20 күн бұрын
@@말라유malaysdesh😂
@denycy137 20 күн бұрын
@@말라유banglasia 🇲🇾🇧🇩❤️🤣🤣🤣😛😛
@denycy137 20 күн бұрын
@@말라유buka Melayu Malaysia mirip banglasia 🇲🇾🇧🇩❤️🤣🤣🤣😛😛
@fistonchin2703 26 күн бұрын
Here are the strongest rankings (based purely on my opinion and some data) 1. Singapore 2. Vietnam 3. Indonesia 4. Malaysia 5. Philippines 6. Thailand 7. Cambodia 8. Brunei 9. Myanmar 10. Laos
@ryancabrera3030 26 күн бұрын
vietnam ain't that developed than indonesia, malaysiia, Thailand and Philippines
@fistonchin2703 26 күн бұрын
@@ryancabrera3030 The countries you've highlighted share similar levels of development. However, I see Vietnam as the standout in terms of economic strength, especially considering current trends. Vietnam appears to be reaping significant benefits from the US-China trade tensions, attracting increased foreign investments and fostering a resilient manufacturing and export industry. Looking ahead to the 2030s, Indonesia and the Philippines might take the lead economically, driven by their demographic advantages.
@teatree6228 25 күн бұрын
I think PH at the bottom
@teatree6228 25 күн бұрын
@@ryancabrera3030PH develped in brothels nothing else
@KSmifune 24 күн бұрын
@@ryancabrera3030 they are getting their
@chrysllerryu4171 24 күн бұрын
philippines may have high GDP growth rate, but massively poor GDP PER CAPITA. means ordinary citizens get poorer while the rich gets richer. this imbalance in GDP vs GDP PER CAPITA not just will slow down philippine gdp but may also cause recession. The government should do what it takes to improve GDP PER CAPITA, nationalize minimum wage, remove provincial and city wage rate, reduce corruption and decentralize the capital. too much wealth are focus in manila while neglecting other area of philippines
@KSmifune 24 күн бұрын
welcome to the land of oligarchs lol
@narutos138 24 күн бұрын
Same with the our nieghbors monarchy country and communist country pretending to be democratic
@alma09876 24 күн бұрын
There is NO such thing as "nationalized minimum wage"! Anywhere in the world, the minimum wage is dependent on the local GDP of the city/province.
@sablevo 23 күн бұрын
Your point about income inequality is not wrong but that is not what GDP PER CAPITA means. GDP PER CAPITA is simply the ratio between GDP and population. This is why countries like Malaysia and Thailand with comparable GDPs can still boast higher GDP PER CAPITA. PH has a bigger population than the 2 of them combined.
@scorpionvenom828 23 күн бұрын
Blame it to the previous administration.
@iskotayo1 15 күн бұрын
As long as ASEAN grow in prosper together, I dont care who is the richest...
@johnardygoh6245 26 күн бұрын
Top 5,SG,BRN,MY,THL,VEN
@solonhappy 19 күн бұрын
🇸🇬🇧🇳🇲🇾🇹🇭🇻🇳
@jhonloydapues1648 11 күн бұрын
Philippines is big gdp
@Seattle. 13 күн бұрын
It will be philippines As philippine has More structured people all over
@JacksonWong-pw4zq 26 күн бұрын
Singapore new pm lw one month salary all if you combined gor one year also cannot match his one month salary .
@liongjiahwong5478 25 күн бұрын
DBS, UOB and OCBC, CEO earned more than LW.
@JacksonWong-pw4zq 25 күн бұрын
@@liongjiahwong5478 they are not political figure , they are not taxing Singaporeans
@ditsygirl5409 25 күн бұрын
Actually our Singapore leaders earn the least in ASEAN if you consider under table money. 🤣
@Sminsky 24 күн бұрын
Many politicians in power in Singapore’s neighbouring countries are far richer than its PM. You prefer a PM with high fixed salary or one with questionable wealth once in power?
@hermon1415 24 күн бұрын
philippines is highest inflation of all the asean.
@thegrandlord2914 27 күн бұрын
singaporean economy actualy now get shaken very hard by indonesian economic growth. take note that indonesia is singapore's number one refined oil importer that profitted tens of billios of usd every year. now indonesia is constructing more oil refinery in it's own teritory, thus reducing oil purchase from singapore. not only that, singapore also buying alot of crude oil from indonesia. with the existence of new oil refineries in indonesia, singapore's ability to get cheap crude oil from indonesia will be reduced, and soon will be over. not only that, singapore also importing alot of raw ores from indonesia for their smelter industry. with downstream policy, singapore's ability to purchase raw ores also limited as more and more raw ore category that being banned from export is added by indonesian government, who also boosting the construction of ore smelters in indonesia in term of port, indonesian government also already choosing the islands south of singapore as the location to build international shipping port equiped with the latest port technology. this project aimed by indonesian government to break singaporean hegemony in controlling indonesian ability to export stuff by using it's port, and also to reduce singaporean conntroll of shipping port in malaca strait another thing to note. singaporean development and economy relies heavily in indonesian poverty, lack of development and indonesian dependency over singapore. with the recent development by indonesian government, it spells trouble and disaster for singaporean economy. this also the main reason why singaporean government giving so many support to EU to tackle down indonesian economic growth, which also backfired to singapore as indonesia have strong anti western hegemony sentiment among it's people. the effort to tackle down indonesian economy only making indonesia stronger in pushing forward their policy and development.
@Buttercookies0 27 күн бұрын
What rubbish are you uttering?
@ericphua2359 26 күн бұрын
Nah, Singapore is moving on to Green Energy. Germany has an interesting plant that produces energy from hydrogen from the atmosphere. Singapore is learning that from the German.
@Liboch 26 күн бұрын
Most regional headquarters of multinational companies are located in Singapore. Singapore is a major financial hub. More than half of ASEAN FDI goes to Singapore especially investment in new technology.
@hitthedeck4115 26 күн бұрын
@@ericphua2359 There's no working power plant with water splitting to create hydrogen from the air. And renewables can only go so far (definitely can't satisfy SG's demand for power due to very limited space it has). It's much better to build nuclear power plants to generate green energy. I wish more countries and people embraced this instead of the opposite.
@ericphua2359 26 күн бұрын
@@hitthedeck4115 . It is basically producing energy from hydrogen. And that is plentiful in the air around us. The world needs to reduce addiction to oil. Singapore is already producing clean water from sea water. 20 years ago, people say won't make it for this, but we did.
@johnaronsolmiano1365 24 күн бұрын
Philippines is rank 7 richest country in asean
@rainieresguerra6519 27 күн бұрын
There are 12M Filipinos abroad. 8M of them have already acquired foreign citizenship or permanent resident status in different counties and rarely go back to the Philippines. Though they remit tend of billions of dollars to the Philippines, they permanently live outside of the Philippines. So, when it comes to the computation of GDP per capita, those Filipinos who are already nationals of other countries or are permanent residents there should no longer be included.
@marierocher4422 27 күн бұрын
Well, you have to understand these OFW’s abroad like or not continuous to send remittances to their loved ones in the Philippines that adds up to the countries income. Just the OFW March remittance report of 2024 is already 3.05B USD
@IRyu03 27 күн бұрын
they are not included in computation thats why GDP per capital is low. BTW theres 15m OFW registered in OWA if you acquired foreign citizenship you are automatically out of the system. you need to re-registered if you have new contract thats how it works.
@melyaborot1707 27 күн бұрын
We still have our own properties back home paying taxes and still citizens of our country, so we are still filipinos ❤
@ricomambozero3811 27 күн бұрын
only Filipinos living in US most people living in Japan and Singapore are still choosing to live in Philippines because of lower living cost . same with those who works on canada.
@leealex24 26 күн бұрын
Makes sense
@himawans09 21 күн бұрын
The riches : Brunei for sure The most developed : Singapore and Malaysia The highest growth : Philippines and Vietnam The largest economy : Indonesia THIS is CORRECT > INDONESIA always grow 5%++ for the last 25 Years and will keep going to 2050 will become like Chinese !!!
@solonhappy 19 күн бұрын
you are sure it will be like China 😂😂
@HKspurs10 21 күн бұрын
Asia is rising
@YayahYayah-yw9hz 24 күн бұрын
So simple, who win economic is no to much corupption
@onethree7931 22 күн бұрын
MALAYSIA will be economy strongest in asean after Microsoft, Intel, Infineon, Nvidia, Tesla, Apple and Google will be invest in semiconductor and technology AI coming soon. Alot of EV's and build up data center for AI developer soon.
@wakui00 20 күн бұрын
Cool story bro 😀
@denycy137 20 күн бұрын
Banglasia 🇲🇾🇧🇩❤️🤣🤣🤣😛😛
@dangerousvillain7278 20 күн бұрын
Only the Chinese and Indian. Malay people would still sell nasi lemak on the street
@onethree7931 20 күн бұрын
@@denycy137 ok thanks, hope indonesia develop well and future develop good and give all people indonesia banefit. Bangla, indonesia, myanmar, nepal, pakistan all help us to build up malaysia. thanks to all. once finish job they all back to their country. so nothing harm. malaysia keep advanced..
@onethree7931 20 күн бұрын
@@dangerousvillain7278 are u sure? Maybe u doesnt meet super rich malay. Do analysis. Simple just go to automotive sector ask them whose the most buy expensive car with cash and not a loan. Then you will get the answer.
@tokasync5665 24 күн бұрын
in malaysia,we will ammend our national encomy data to show our strength. everything in malaysia can be adjusted
@muhammadnoorbinrohani39 25 күн бұрын
INDONESIA CHAMPION & WINNER
@말라유 22 күн бұрын
50% ekonomi indonesia from tki tkw pmi babu kuli pembantu seluruh dunia 😂😂
@denycy137 20 күн бұрын
@@말라유banglasia 🇲🇾🇧🇩❤️🤣🤣🤣😛😛
@dangerousvillain7278 20 күн бұрын
@@말라유malaydesh😂😂
@denycy137 20 күн бұрын
@@말라유banglasia 🇲🇾🇧🇩❤️🤣🤣🤣😛😛
@solonhappy 19 күн бұрын
Indonesia has too much corruption and it is difficult to become a developed country
@lishashen4270 18 күн бұрын
Why is no one talking about how my country,Singapore 🇸🇬 has more GDP than Vietnam,Malaysia,Philippines and rest of ASEAN except Indonesia?
@FRCKitchenwareBathroom 19 күн бұрын
13:05 that’s wrong info
@mishycruz7303 26 күн бұрын
Correction It's not BBB, It's BBM... BUILD BETTER MORE .. under Marcos administration ❤❤❤
@chrysllerryu4171 24 күн бұрын
another loyalist 😂😂😂, BBB is still not finish, and BBM are on just starting. they even failed to start the mindanao rail way project
@KSmifune 24 күн бұрын
@@chrysllerryu4171 because China is holding out the loan money so Philippine government cancelled it
@GerleneBarra-np6vu 21 күн бұрын
BRUNEI
@goolooggg9005 21 күн бұрын
MY should keep low profile, if not to suffer like that USA bragging they're the richest country so attracted, swamped & flooded with million migrants 😢 Hope this channel help MY keep its low profile
@EmilOsena 27 күн бұрын
The build build build program by the previous Philippine administration hasn't made any progress at all. Heck, there's even reports that majority of Chinese invested projects stalled way before China-Philippines relations got worst with the current administration. A few of the projects being constructed today have been from the late former president Benigno Aquino's time.
@nghekkkk828 27 күн бұрын
pure midwit cope
@dilucragnvindr130 27 күн бұрын
All Aquino III projects already finished back in 2019. All Duterte projects will be finished in 2028.
@kirbybanaga3359 26 күн бұрын
All infrastructure projects of current goverment will benefit the incoming administrations. Don't be idiot. Lumabas ka ng bahay mo at gumala sa Pilipinas para maramdaman mo un mga nagagawa ng gobyerno para sau. Wag kang talangka. Ikaw ba... ano ambag mo sa bansa mo?
@alma09876 24 күн бұрын
There's no project of Panot other than the bridge over a road😂
@solonhappy 19 күн бұрын
Indonesia thinks they are like China and the United State but they are actually still below all countries in Southeast Asia
@NUSANTARA.2045 18 күн бұрын
??
@ongchinlam4631 25 күн бұрын
Tongkat ALI.
@edgarmendoza2397 3 күн бұрын
Ang Indonesia may bullet train na
@teatree6228 25 күн бұрын
Indonesia
@말라유 22 күн бұрын
50% ekonomi indonesia from tki tkw pmi babu kuli pembantu seluruh dunia 😂😂
@user-us4ie8jy6l 21 күн бұрын
@@말라유hai banglesil ee maksudnya malesiya 😂😂
@denycy137 20 күн бұрын
@@말라유banglasia 🇲🇾🇧🇩❤️🤣🤣🤣😛😛
@dangerousvillain7278 20 күн бұрын
@@말라유malaydesh😂😂
@denycy137 20 күн бұрын
@@말라유banglasia 🇲🇾🇧🇩❤️🤣🤣🤣😛😛
@hunk2176 27 күн бұрын
Sultan of Brunei
@rainieresguerra6519 27 күн бұрын
When their oil and gas Wells dry up, what will happen to them?.
@SayaDayat-xf2ty 27 күн бұрын
I think they are too dependent on the oil industry
@hunk2176 27 күн бұрын
@@rainieresguerra6519 Then you are the richest of all the rich😂🤣
@rainieresguerra6519 27 күн бұрын
@@hunk2176 And your comment serves what purpose? You think Brunei's wealth would last through the centuries after its oil and gas wells had dried up? Perhaps, that would be enough for the Sultan and his immediate family to live on for generations amd generations. But I highly doubt if tt would be able to support all Bruneians for more than one generation.
@pinkvelvet3865 27 күн бұрын
But not their citizens. I saw pictures here in the YT and they look poor and miserable. That Sultan & his family are to greedy. To think that oil is Mother Nature & humans are just consumers. The Sultan and all his family members never contributed or work to produce that oil! DAH!!!!! They are just taking advantage of the resources that Mother Nature has provided. It should be for all humans and not just for few people!!!
@willjunda5987 23 күн бұрын
Sultan Sulu is richest man in the world😂😂😂😝😝😝
@narutos138 27 күн бұрын
India have higher GDP than ASEAN but they ain't rich and they never brag about GDP 😂
@shukriramlee 27 күн бұрын
gdp per capita, not gdp nominal.
@Liboch 26 күн бұрын
Gdp per capita of India is about half of the Philippine's. Not sure if compare with Singapore and Malaysia.
@Liboch 26 күн бұрын
In 2023 the GDP of : ASEAN - $3.863T India - $3.572T Obviously the gdp of ASEAN is bigger bigger than India's. India wins in Population size though, more than double that of ASEAN 's.
@Liboch 26 күн бұрын
@shukriramlee even in nominal terms, the gdp of ASEAN is bigger.
@shukriramlee 26 күн бұрын
@@Liboch Overpopulation is more like a burden.
@LouieSunega 9 күн бұрын
Wrong info... 👎👎👎 Philippines is Higher growth and build build a lot of infrastructure.. Airports /trains /subway and roads.. Expecting 7% growth in GDP growth 2nd quarter higher in Asean
@user-nt8ib4hf1w 26 күн бұрын
Hello you miss new Timor Leste ok😮
@neoshock3 26 күн бұрын
East Timor is not yet ASEAN county.
@LouieSunega 9 күн бұрын
Insulting philippines.. 👎 The video 1st of highlight the philippines some area poor city..
@ohlipbench 27 күн бұрын
Of course Philippines sa utang(on debt).
@kirbybanaga3359 26 күн бұрын
May tanga na naman na nag comment. Even rich countries have debt😂
@ArifElnur 26 күн бұрын
in malay we also call hutang.
@Utube1024 26 күн бұрын
@@ArifElnur That is why in Singapore Pinoy is categorize as Malay
@dangerousvillain7278 20 күн бұрын
@@Utube1024not Malaysia. Since Malays should be Muslim
@dangerousvillain7278 20 күн бұрын
@@ArifElnurIndonesia call it ''utang'' too (casual)
@teatree6228 25 күн бұрын
PH is the poorest and least potential- mindanao must separate to be independent muslim country
@KSmifune 24 күн бұрын
Mindanao gets more founding the Visayas yet your local politician steals the money goodluck with that one lol
@narutos138 24 күн бұрын
But firt lets separate Taiwan to china first thats more realistic😆
@aninipot252 24 күн бұрын
sickmind!😂
@etol2137 21 күн бұрын
Naging presidente ang taga mindanao vice president ngayon taga mindanao den... talagang my problema sa inyo hnd taga luxon o visaya...dahil hawak kayu ng mga politikong kawatan at pulpul..kahit magsarile kayu.. lalu kayu maghihirap.. dahil ang mine set bg pag boto ninyo.. panatiko.. mantakin ninyo yung tao pinaniwalaan ninyo dios..kahit sandamakmak ang kasalanan sa tao at curation tama parin sa inyo..magisip kayu ng mabute para sa mindanoa hnd maging utak idolismo, panatiko..
@Clarksville000 13 күн бұрын
Im from mindanao and in mindanao islam still a minority in the island christian is the dominant majority in the mindanao not kaboom☪️💣
@manuelilagan3054 27 күн бұрын
Definitely not the Philippines
@johnaronsolmiano1365 24 күн бұрын
Kayong hilig mag down ng bansa panay reklamo
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