ASEAN：実質GDP成長率 2019Q4

ASEAN’s major economies continued to report relatively weak GDP growth in Q4 2019. Among the largest six countries in the association, Vietnam posted the strongest growth rate at a level of 6.97% y/y, but decelerated compared to Q3 2019.

Similarly, growth rates in Indonesia, Malaysia and Thailand, slowed down to 4.97% y/y, 3.59% y/y and 1.55% y/y, respectively, compared to Q3. On the other hand, both the Philippines and Singapore gained a modest momentum with growth rates of 6.43% y/y and 0.8% y/y, respectively.

In 2019, growth in the six largest economies in ASEAN slowed down compared to 2018, In particular, Singapore’s and Thailand’s economies grew by 0.73% and 2.37%, significantly decelerating from 3.44% and 4.15% in 2018, mainly due to the underperforming external trade.

Detailed data on ASEAN can be found in the CEIC ASEAN National Accounts.