Whose Economy is Strongest Among ASEAN Nations?
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- Опубликовано: 7 июл 2024
- The 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.
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Will ASEAN ever surpass Europe in Tourism sector?
ruclips.net/video/HF9Z4zB3u4Q/видео.html
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.
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
Definitely 🎉
The highest growth bye population is phllipines😂😅
@@etol2137it has greatly slowed and at its current rate, it's now at a healthy level further slowing will be detrimental to the economy
Pretty sure Vietnam has been faster than Philippine lately
@@etol2137 No dating problems there.
Cambodia and Vietnam rapid development is amazing..
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. 😊
Nahh malay make baby while another race dont want to get married and decline birth rate lol
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.
don't cry when you are insulted 😂😂
Usa of asia
I want ASEAN be a New Europe. That's it. I don't want we hate each other. We should modernized each other. 🇲🇾✌🏻
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.
Deceive yourself. You can't count the drawings into gdp.
@@user-ul8qw6gu3u your just envious to the progressive Philippines
@@TenCo-by9pfbec. They don't know the secret gold bars of the Pilipinas
INDONESIA BEST & TOP
50% ekonomi indonesia from tki tkw pmi babu kuli pembantu seluruh dunia 😂😂
@@말라유banglasia 🇲🇾🇧🇩❤️🤣🤣🤣😛😛
@@말라유malaydesh😂🎉
@@말라유muka Melayu Malaysia mirip banglasia 🇲🇾🇧🇩❤️🤣🤣🤣😛😛
@@말라유, penting ngk ngemis😂...
singapore
Top 5,SG,BRN,MY,THL,VEN
🇸🇬🇧🇳🇲🇾🇹🇭🇻🇳
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.
Cool story bro 😀
Banglasia 🇲🇾🇧🇩❤️🤣🤣🤣😛😛
Only the Chinese and Indian. Malay people would still sell nasi lemak on the street
@@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..
@@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.
1 INDONESIA. 1 NUSANTARA. 1 ASEAN.
50% ekonomi indonesia from tki tkw pmi babu kuli pembantu seluruh dunia 😂😂
@@말라유banglasia 🇲🇾🇧🇩❤️🤣🤣🤣😛😛
@@말라유malaysdesh😂
@@말라유banglasia 🇲🇾🇧🇩❤️🤣🤣🤣😛😛
@@말라유buka Melayu Malaysia mirip banglasia 🇲🇾🇧🇩❤️🤣🤣🤣😛😛
So simple, who win economic is no to much corupption
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.
What rubbish are you uttering?
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.
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.
@@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.
@@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.
Singapore new pm lw one month salary all if you combined gor one year also cannot match his one month salary .
DBS, UOB and OCBC, CEO earned more than LW.
@@liongjiahwong5478 they are not political figure , they are not taxing Singaporeans
Actually our Singapore leaders earn the least in ASEAN if you consider under table money. 🤣
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?
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
welcome to the land of oligarchs lol
Same with the our nieghbors monarchy country and communist country pretending to be democratic
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.
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.
Blame it to the previous administration.
Philippines is big gdp
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
vietnam ain't that developed than indonesia, malaysiia, Thailand and Philippines
@@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.
I think PH at the bottom
@@ryancabrera3030PH develped in brothels nothing else
@@ryancabrera3030 they are getting their
philippines is highest inflation of all the asean.
Asia is rising
Philippines is rank 7 richest country in asean
13:05 that’s wrong info
As long as ASEAN grow in prosper together, I dont care who is the richest...
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.
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
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.
We still have our own properties back home paying taxes and still citizens of our country, so we are still filipinos ❤
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.
Makes sense
It will be philippines
As philippine has
More structured people all over
in malaysia,we will ammend our national encomy data to show our strength. everything in malaysia can be adjusted
Indonesia thinks they are like China and the United State but they are actually still below all countries in Southeast Asia
??
INDONESIA CHAMPION & WINNER
50% ekonomi indonesia from tki tkw pmi babu kuli pembantu seluruh dunia 😂😂
@@말라유banglasia 🇲🇾🇧🇩❤️🤣🤣🤣😛😛
@@말라유malaydesh😂😂
@@말라유banglasia 🇲🇾🇧🇩❤️🤣🤣🤣😛😛
Indonesia has too much corruption and it is difficult to become a developed country
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 !!!
you are sure it will be like China 😂😂
Why is no one talking about how my country,Singapore 🇸🇬 has more GDP than Vietnam,Malaysia,Philippines and rest of ASEAN except Indonesia?
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.
pure midwit cope
All Aquino III projects already finished back in 2019. All Duterte projects will be finished in 2028.
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?
There's no project of Panot other than the bridge over a road😂
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
BRUNEI
Correction It's not BBB, It's BBM... BUILD BETTER MORE .. under Marcos administration ❤❤❤
another loyalist 😂😂😂, BBB is still not finish, and BBM are on just starting. they even failed to start the mindanao rail way project
@@chrysllerryu4171 because China is holding out the loan money so Philippine government cancelled it
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
Ang Indonesia may bullet train na
Insulting philippines.. 👎 The video 1st of highlight the philippines some area poor city..
Tongkat ALI.
Sultan of Brunei
When their oil and gas Wells dry up, what will happen to them?.
I think they are too dependent on the oil industry
@@rainieresguerra6519
Then you are the richest of all the rich😂🤣
@@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.
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!!!
Indonesia
50% ekonomi indonesia from tki tkw pmi babu kuli pembantu seluruh dunia 😂😂
@@말라유hai banglesil ee maksudnya malesiya 😂😂
@@말라유banglasia 🇲🇾🇧🇩❤️🤣🤣🤣😛😛
@@말라유malaydesh😂😂
@@말라유banglasia 🇲🇾🇧🇩❤️🤣🤣🤣😛😛
Sultan Sulu is richest man in the world😂😂😂😝😝😝
India have higher GDP than ASEAN but they ain't rich and they never brag about GDP 😂
gdp per capita, not gdp nominal.
Gdp per capita of India is about half of the Philippine's. Not sure if compare with Singapore and Malaysia.
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.
@shukriramlee even in nominal terms, the gdp of ASEAN is bigger.
@@Liboch Overpopulation is more like a burden.
Hello you miss new Timor Leste ok😮
East Timor is not yet ASEAN county.
Of course Philippines sa utang(on debt).
May tanga na naman na nag comment. Even rich countries have debt😂
in malay we also call hutang.
@@ArifElnur That is why in Singapore Pinoy is categorize as Malay
@@Utube1024not Malaysia. Since Malays should be Muslim
@@ArifElnurIndonesia call it ''utang'' too (casual)
PH is the poorest and least potential- mindanao must separate to be independent muslim country
Mindanao gets more founding the Visayas yet your local politician steals the money goodluck with that one lol
But firt lets separate Taiwan to china first thats more realistic😆
sickmind!😂
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..
Im from mindanao and in mindanao islam still a minority in the island christian is the dominant majority in the mindanao not kaboom☪️💣
Definitely not the Philippines
Kayong hilig mag down ng bansa panay reklamo