ASEAN COMMUNITY PROGRESS MONITORING SYSTEM 2017 …€¦ · The ASEAN Community Progress Monitoring...
Transcript of ASEAN COMMUNITY PROGRESS MONITORING SYSTEM 2017 …€¦ · The ASEAN Community Progress Monitoring...
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NARROWING THEDEVELOPMENT GAP
ASEAN COMMUNITY PROGRESS MONITORING SYSTEM 2017
The Association of Southeast Asian Nations (ASEAN) was established on 8 August 1967. The Member States of the Association are Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand and Viet Nam. The ASEAN Secretariat is based in Jakarta, Indonesia.
For inquiries, contact:The ASEAN SecretariatCommunity Relations Division (CRD)70A Jalan SisingamangarajaJakarta 12110IndonesiaPhone: (62 21) 724-3372, 726-2991Fax: (62 21) 739-8234, 724-3504E-mail: [email protected]
Catalogue-in-Publication Data
ASEAN Community Progress Monitoring System 2017Jakarta: ASEAN Secretariat, October 2018
341.24731. ASEAN - Indicators - Statistics2. Economic - Socio-Cultural – Connectivity
ASEAN: A Community of Opportunities
The text of this publication may be freely quoted or reprinted, provided proper acknowledgement is given and a copy containing the reprinted material is sent to the Community Relations Division (CRD) of the ASEAN Secretariat, Jakarta
General information on ASEAN appears online at the ASEAN Website: www.asean.org
Copyright Association of Southeast Asian Nations (ASEAN) 2018.All rights reserved.
This leaflet is supported by the Government of
Australia through the ASEAN-Australia Development
Cooperation Program Phase II (AADCP II).
ACPMSThe ASEAN Community Progress Monitoring System (ACPMS) is a project under the
ASEAN-Australia Development Cooperation Program Phase II (AADCP II). It aims to track
pertinent socio-economic progress and trends in ASEAN through the use of outcomes-level
Key Performance Indicators (KPIs) for the ASEAN Economic Community (AEC) and the ASEAN
Socio-Cultural Community (ASCC). These series of ACPMS infographics derived from the
ACPMS Report 2017, comprises of four themes which are inclusive development, tariff
liberatisation, connectivity and narrowing the development gap. The 2017 Report, the last of
the three ACPMS report series, complemented the existing broader regional integration
monitoring mechanisms for the ASEAN Community.
ASEAN COMMUNITY PROGRESS MONITORING SYSTEM 2017
NARROWING THEDEVELOPMENTGAP
GDP per capita is GDP divided by midyear population. GDP is the sum of gross value added
by all resident producers in an economy plus any product taxes and minus any subsidies not
included in the value of the products.
GDP per capita
Narrowing the Development GapAddressing the development gap in the region to achieve equitable economic development is an important
objective of the ASEAN integration agenda. Several initiatives have been put in place notably under the
Initiative for ASEAN Integration (IAI), which was launched in 2000 to provide a framework for regional
cooperation with a view to narrow the development gap within and across ASEAN Member States (AMS),
and enhance ASEAN’s overall competitiveness as a region. Significant improvements in the Cambodia,
Lao PDR, Myanmar and Viet Nam (CLMV) countries are demonstrated in terms of their gross domestic
product (GDP) per capita, as well as trade and investment performance.
Inward Foreign Direct Investment (FDI) refers to direct investment equity flows to the reporting
economy. It is the sum of equity capital, reinvestment of earnings, and other capital.
Flows of inward FDI$
International merchandise trade is the sum of merchandise exports and imports. Merchandise
exports represent the value of merchandise exported by the reporting economy to other
economies, while merchandise imports represent the value of merchandise imported by the
reporting economy from other economies.
International Merchandise Trade
The average GDP per capita in ASEAN has increased from US$2,673.3 in 2009 to
US$4,307.6 in 2017. While starting from a lower base, the average GDP per capita for
Cambodia, Lao PDR, Myanmar and Viet Nam (CLMV) has consistently increased
during the same period, reaching US$1,939.9 in 2017, leading to a narrowing of gap
with the average for Brunei Darussalam, Indonesia, Malaysia, Philippines, Singapore
and Thailand (ASEAN-6).
GDP per Capita in ASEAN (current US$)
20102009 20122011 2013 2014 2015 2016 2017
3,308.0
952.5
2,673.3
3,293.5
3,766.7 3,950.8
4,083.1 4,080.3 3,901.4 4,046.3
4,101.4
1,109.1
4,647.9
1,339.8
4,840.5
1,495.2
4,977.5
1,603.9
4,933.1
1,717.8
4,683.9
1,724.1
4,845.3
1,821.1
ASEAN-6 ASEANCLMV
4,307.6
5,157.0
1,939.9
Source:ASEAN Secretariat
International Merchandise Trade in ASEAN (US$ billion)The trade performance of ASEAN continued to be robust, with the total value of
international merchandise trade in the region increasing from US$1,226.3 billion in
2005 to US$2,574.8 in 2017, despite the decline in 2009 and 2015. The total value of
international merchandise trade in Cambodia, Lao PDR, Myanmar and Viet Nam
(CLMV) consistently increased over the same period, reaching US$491.6 billion, or
19.1% of total ASEAN in 2017.
2005
1,226.3
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
94.1%
5.9%
1,407.6
6.4%
93.6%
7.9%
1,614.0
92.1%
8.6%
1,901.0
91.4%9.6%
1,537.8
90.4%
9.1%
2,001.4
90.9%
9.8%
2,398.3
90.2%
10.6%
2,480.6
89.4%
12.2%
2,533.1
87.8%
13.6%
2,535.2
86.4%16.9%
2,272.9
83.1%
18.3%
2,238.6
81.7%
2017
19.1%
2,574.8
80.9%
Share of ASEAN-6 Share of CLMV ASEAN (billion US$)
Source: ASEAN Secretariat
Flows of Inward FDI to ASEAN (US$ billion)$
FDI inflows to ASEAN fluctuated from 2010 to 2017, but generally demonstrated a
positive trend. The flows to Cambodia, Lao PDR, Myanmar and Viet Nam (CLMV)
consistently increased from US$108.2 billion in 2010 to US$137 billion in 2017, or
from 10.5% to 16.7% of total FDI inflows to ASEAN.
Share of ASEAN-6 Share of CLMV ASEAN (billion US$)
Source: ASEAN Secretariat
2010 20122011 2013 2014 2015 2016 2017
108.2
89.5%
10.5% 87.7
87.5%
12.5%
116.5
90.1%
9.9%
121.7
89.1%
10.9%
130.3
90.2%
9.8%
121.7
85.7%
14.3%
122.8
84.6%
15.4%
137.0
83.3%
16.7%