Average Monthly Income
Countries such as Vietnam, Laos, Myanmar and Cambodia have the lowest labor cost. Source: Doing Business in ASEAN, DEZAN SHIRA & ASSOCIATES
Population(million)
Indonesia, Philippines and Vietnam are the top 3 most populous countries in South East Asia. Source: ASEAN Statistics
2016 GPD per capita
Singapore has the highest GDP per capita, followed by Brunei, Malaysia, Thailand, Indonesia and Philippines. Source: EY – “Rediscover ASEAN: A growth story of 10 countries”
2016 GDP Growth
Countries such as Myanmar, Laos, Cambodia, Philippines and Vietnam have over 6% estimated GDP growth rate in 2016. Source: EY – “Rediscover ASEAN: A growth story of 10 countries”
Tax
Singapore has the lowest Corporate tax and Individual tax within ASEAN countries.
Source: EY – “Rediscover ASEAN: A growth story of 10 countries”
For more information, please contact:
Nhung Tran | Asia Pacific Tax Desk | Global Tax Desk Network, Americas
Ernst & Young Professional Services Inc.
Direct: + 1 416 943 2460 | nhung.tran@ca.ey.com
Top 3 import goods of ASEAN 10 countries
Brunei |
Cambodia |
Indonesia |
Laos |
Malaysia |
Myanmar |
Philippines |
Singapore |
Thailand |
Vietnam |
|
1 |
Transportation |
Textiles |
Machines |
Machines |
Machines |
NA |
Machines |
Machines |
Machines |
Machines |
24% |
64% |
29% |
21% |
36% |
36% |
41% |
32% |
36% |
||
2 |
Machines |
Footwear & Headwear |
Mineral Products |
Transportation |
Mineral Products |
NA |
Mineral Products |
Mineral Products |
Mineral Products |
Metals |
18% |
12% |
13% |
18% |
13% |
13% |
21% |
15% |
11% |
||
3 |
Metals |
Machines |
Chemical Products |
Mineral Products |
Metals |
NA |
Transportation |
Transportation |
Metals |
Textiles |
12% |
3.9% |
9.9% |
17% |
9.6% |
9.7% |
8.4% |
12% |
8.6% |
Top 3 export goods of ASEAN 10 countries
Brunei |
Cambodia |
Indonesia |
Laos |
Malaysia |
Myanmar |
Philippines |
Singapore |
Thailand |
Vietnam |
|
1 |
Mineral Products |
Textiles |
Mineral Products |
Mineral Products |
Machines |
NA |
Machines |
Machines |
Machines |
Machines |
92% |
24% |
24% |
27% |
50% |
63% |
42% |
35% |
41% |
||
2 |
Chemical Products |
Machines |
Machines |
Wood Products |
Mineral Products |
NA |
Mineral Products |
Mineral Products |
Transportation |
Textiles |
2.2% |
14% |
12% |
23% |
15% |
4.6% |
16% |
12% |
16% |
||
3 |
Machines |
Mineral Products |
Animal & Vegetable Bi-products |
Metals |
Plastics and Rubbers |
NA |
Instruments |
Chemical Products |
Plastics and Rubbers |
Footwear & Headwear |
1.6% |
9.3% |
9.8% |
14% |
5.5% |
4.6% |
16% |
11% |
9% |
Source: Observatory of Economic Complexity http://atlas.media.mit.edu/en/