ASEAN's Economic Growth Predictions for 2025-2030: A Prosperous Future Ahead

The Association of Southeast Asian Nations (ASEAN) has been experiencing significant economic growth in recent years, and this trend is expected to continue through 2025-2030. With a combined GDP of over $10.2 trillion in 2022, ASEAN is projected to become the world's fourth-largest economy by 2030, with a PPP-adjusted GDP exceeding $14 trillion.

One of the driving factors behind ASEAN's economic growth is the region's focus on digitalization and technological advancements. The ongoing negotiations on the ASEAN Digital Economy Framework Agreement (DEFA), expected to be concluded by 2025, have the potential to add between one to two trillion US dollars in value to the region by 2030.

Furthermore, ASEAN's young and urban population is expected to contribute to robust macroeconomic growth. With about half of the region's population under 30 years old, literacy rates are expected to increase, leading to a larger skilled workforce. This aligns with the ASEAN Economic Community's Vision for 2025, which aims to close the gap in living standards and promote equitable economic development across the region.

In conclusion, the economic growth predictions for ASEAN between 2025 and 2030 are optimistic, with strong emphasis on digitalization, technology, and human capital. As the region continues to strengthen its economic ties and pursue a sustainable and inclusive digital ecosystem, it is well on its way to becoming a major player in the global economy.