7 Key Facts About the ASEAN-10 Countries

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/

2017-08-23T05:32:27+08:00