GDP & Growth
This measures the total value of all goods and services produced within a country's borders.
Gross Domestic Product (GDP)
This regional trade agreement reduces tariffs and promotes free trade among ASEAN members.
ASEAN Free Trade Area (AFTA)
The central bank of the Philippines responsible for controlling inflation and managing money supply.
Bangko Sentral ng Pilipinas (BSP)
The ASEAN country with the highest GDP as of recent years
Indonesia
The type of economic integration ASEAN represents — promoting cooperation without a single currency.
free trade area
A sustained rise in general prices over time.
inflation
When a country's GDP grows for two consecutive quarters, it signals this economic condition
economic expansion
The ASEAN country that exports the most palm oil.
Malaysia
When inflation is too high, this type of monetary policy is often implemented.
contractionary monetary policy
The ASEAN country with one of the fastest-growing GDPs due to its strong BPO and remittance sectors.
Philippines
The major ASEAN trading partner outside the region, especially for electronics and raw materials.
China
This ASEAN country experienced rapid inflation during the 1997 Asian Financial Crisis.
Thailand
This economic indicator divides total GDP by the population to show average income levels
GDP per capita
This 2015 milestone established closer economic ties and aimed to create a single market and production base.
ASEAN Economic Community (AEC)
The ASEAN country with the most stable currency due to its strong banking and reserves system.
Singapore