The Association of Southeast Asian Nations (ASEAN) will be the fastest-growing economic bloc, growing at an average real GDP growth rate of 4.4% between 2024 and 2032. This growth will significantly outpace its own 3.3% growth recorded between 2018 and 2023. A young and growing workforce, coupled with rising labor force participation, will anchor productivity gains and drive consumption. Moreover, GDP per capita is projected to climb from $5,694 in 2024 to $8,580 by 2032, fueling the rise of a stronger middle class.

This analysis highlights ASEAN’s transformation into a high-growth and global trade hub. Exports are forecast to nearly double from $2.1 trillion in 2024 to $3.9 trillion by 2032. Investments in advanced technologies across electronics, electric vehicles (EVs), and semiconductors are propelling ASEAN beyond low-cost assembly into a higher-value-added manufacturing hotspot. Infrastructure upgrades and diversified foreign direct investment (FDI) are reinforcing its role as a pivotal node in global supply chains.

• What are the investment and policy developments across established industries like electronics and mining, alongside emerging sectors, including EVs and renewable energy?
• How will the tariff environment, regional growth drivers, and transformative megatrends influence growth?
• Which long-term growth opportunities exist for the ASEAN region in advanced manufacturing, digitalization, and workforce modernization?
• How can businesses optimize their roadmap to capitalize on the region’s next phase of economic transformation and achieve growth?