Since 2013, the average annual growth rate of China-ASEAN trade has been 8.8%, which is 3.8 percentage points higher than China's overall average annual growth rate during the same period. In 2023, China's bilateral trade with ASEAN further increased, reaching a scale of RMB 6.41 trillion....
Indonesia's ASEAN chairmanship in 2023 is pursuing a vision of "ASEAN Matters: Epicentrum of Growth." This vision is rooted in ASEAN's understanding of the current world situation and ASEAN's role in anchoring world stability. ASEAN stresses that the world is becoming ...
The ASEAN economy expanded by 4.1% in 2023, marking a slight slowdown in growth from 5.6% in 2022. Private consumption was one of the key growth drivers. Consumer confidence rose in most AMSs as the job market showed increasing resilience. The bloc’s unemployment rate returned to pre‑Co...
Indonesia's GDP growth rate in 2023 is estimated at around 5%, with a similar pace of economic growth forecast for 2024. Private consumption is a key driver of economic growth, accounting for around 53% of total GDP and growing at a pace of 5.1% year over year (y/y) in the third qu...
over the years. Official data showed that China has been ASEAN's largest trading partner for 15 consecutive years, with bilateral trade surging from 876.4 billion yuan (about 124.6 billion U.S. dollars) in 2004 to 6.41 trillion yuan in 2023, averaging an 11-percent annual growth rate. ...
Total revenue in the Navigation market is projected to reach US$12.00m in 2022. Total revenue is expected to show an annual growth rate (CAGR 2022-2029) of 7.20%, resulting in a projected market volume of US$21.67m by 2029. In-app purchase (IAP) revenue in the Navigation market is pro...
(ASEAN) Growth per capita/yr, 2022-27 4.3% Vulnerable employment, 2021 40.9% Poverty rate (under USD 6.85/day) 36.2% Frwd participation (% GDP), 2019 12.7% Bkwd participation (% GDP), 2019 14.7% Imports as % of GDP, 2020 39.5% Exports as % of GDP, 2020 43.1% The information ...
"Chinese companies in the industrial zone have thrived, achieving a high success rate, and have brought tangible benefits to the local community," said Vikrom, noting the industrial zone has become a prime example of collaboration between Thailand and China. ...
In the wake of the pandemic, real GDP has bounced back, with a growth rate expected to average 5% this year and next to the pre-COVID-19 five-year average. By 2023, Indonesia's growth rate is likely to be one of the strongest among ASEAN-6 (Indonesia, Malaysi...
in the services and industry sectors, with production in most sub-sectors back to their pre-pandemic levels, Balisacan said, adding the economic growth came with more jobs, resulting in "vibrant labor market conditions," with ...