ASEAN：実質GDP成長率 2019Q3

ASEAN’s major economies continue to report relatively weak GDP growth in Q3 2019. Among the largest six countries in the region, Vietnam registered the strongest growth rate - 7.31% y/y. The acceleration from the previous quarter is due to private consumption and solid exports. Similarly, the Philippines' economy gained 6.18% y/y, which is the highest figure this year, supported by robust domestic demand. 

However, the larger economies like Indonesia and Malaysia are losing momentum and report 5.02% y/y and 4.37% y/y GDP growth rates, respectively. Both Thailand’s and Singapore’s economies remained relatively weak in Q3 2019, growing by 2.35% y/y and 0.5% y/y, respectively, mainly due to the underperforming external trade sector.

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