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/
Ms. Claire Chiang
Mr. Chris Birdsong
