ASEAN Snapshot. Special Coverage On Tourism May 2018 ASEAN ESTABLISHMENT ASEAN ECONOMIC PERFORMANCE ASEAN COUNTRIES DECLARED INDEPENDENCE

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1 Snapshot Special Coverage On Tourism May 2018 The Association of Southeast Asian Nations () was established on 08 August 1967 in Bangkok,, with the signing of the Declaration. -10 was formed when the 10th member state joined on 30 April The member states are,,, Laos,, Myanmar,,, and Vietnam. Last year, celebrated its 50th anniversary of establishment ( ). From five founding Member States in 1967 to ten now, s economy has expanded over 100-fold since its establishment. The 32nd summit was held in from April as part of its chairmanship of this year. Key takeaways: Leaders Vision for a Resilient and Innovative, adopted as the guiding document to achieve s 2018 goals Establishment of the Smart Cities Network Leaders Statement on Cybersecurity Cooperation adopted Finalisation of the Model Extradition Treaty - Youth Fund renewed with a USD 3.8 million top-up by ESTABLISHMENT 30 April August January July 1997 Lao PDR Myanmar 28 July 1995 Vietnam ECONOMIC PERFORMANCE POPULATION GDP TRADE FDI Million Persons USD Trillion USD Trillion $ COUNTRIES DECLARED INDEPENDENCE Year: Laos Myanmar Vietnam From: United Netherlands United United /United States Federation of Traditional Founding Date Source: IMF WEO, CIA Factbook, UOB Global Economics & Markets Research Note: GDP at current prices, 2017 FDI is UOB s estimation, 2030 figures for Population, GDP, Trade & FDI are UOB s forecast May 2018 I Page 1 Snapshot

2 COUNTRIES ECONOMIC PROGRESS GDP per Capita (USD) , ,752 2, ,803 2, ,842 11,509 6,591 3,978 2,976 1,684 5,311 MYANMAR LAOS VIETNAM THAILAND PHILIPPINES Population: 5mn GDP: USD 66.5bn Trade: USD 29.8bn FDI: USD 1.4bn Population: 6.7mn GDP: USD 17.0bn Trade: USD 9.1bn FDI: USD 0.6bn Population: 93.6mn GDP: USD 220.4bn Trade: USD 425.8bn FDI: USD 9.7bn Population: 69.1mn GDP: USD 455.4bn Trade: USD 459.5bn FDI: USD 6.3bn Population: 105.3mn GDP: USD 313.4bn Trade: USD 161.7bn FDI: USD 4.2bn 1, ,588 7,379 9,813 20,631 81,850 57,713 39,224 34,811 29,712 45,140 3,876 2,064 6,507 CAMBODIA Population: 16.0mn GDP: USD 22.3bn Trade: USD 25.9bn FDI: USD 1.7bn MALAYSIA Population: 32.1mn GDP: USD 314.5bn Trade: USD 413.0bn FDI: USD 10.9bn SINGAPORE BRUNEI INDONESIA Population: 5.6mn GDP: USD bn Trade: USD 700.9bn FDI: USD 62.7bn Population: 0.4mn GDP: USD 12.7bn Trade: USD 8.4bn FDI: USD 0.5bn Population: 262.0mn GDP: USD 1,015.4bn Trade: USD 325.5bn FDI: USD 16.4bn Source: IMF WEO, UOB Global Economics & Markets Research Note: Data as of 2017 otherwise stated, GDP at current prices, 2017 FDI & 2030 GDP per capita are UOB s estimation & forecast, Trade refers to merchandise total exports & imports May 2018 I Page 2 Snapshot

3 ECONOMIC PROGRESS 2007 GDP Current Prices, USD Trillion 2017 GDP Current Prices, USD Trillion Russia Korea has progressed rapidly over the decade. In 2017, the combined GDP (current prices) of - if it was a single economy - placed it as the 5th largest in the world at USD 2.8 trillion, almost double the USD 1.4 trillion in also accounted for 3.5% of the world s GDP in 2017 from 2.4% in Netherlands Belgium Hong Kong Russian Federation 2007 FOREIGN DIRECT INVESTMENT (FDI) Hong Kong British Virgin Islands Ireland Netherlands Australia 2017 FOREIGN DIRECT INVESTMENT (FDI) Foreign Direct Investment (FDI) into grew 37% to USD billion in 2017 from USD 83.8 billion a decade ago. was ranked 3rd highest in the world for FDI inflows in TOTAL TRADE: TOP 10 RANKING IN THE WORLD USD Trillion CHINA USA GERMANY JAPAN NETHERLANDS FRANCE HONG KONG UK S.KOREA INTRA- TRADE Intra- trade increased by 47% to USD 543 billion in 2017 from USD 369 billion in TRADE WITH UNITED STATES Share of US in s total trade fell to 9.9% in 2017 from 11.7% in TRADE WITH THE WORLD s total trade with the world soared 61% to USD trillion in 2017 from USD 1.6 trillion in TRADE WITH CHINA Share of in s total trade jumped to 18.7% in 2017 from 12.5% in Source: stats, IMF WEO, UNCTAD, Bloomberg, UOB Global Economics & Markets Research Note: 2017 GDP figure is IMF s estimation, 2017 FDI figure is UOB s estimation May 2018 I Page 3 Snapshot

4 TOURISM TOURIST ARRIVALS INTO Million Persons 66 Tourist arrivals into soared 104% between Tourist Arrivals Compared With 2007 tourist arrivals jumped 172% to 8.3 million persons. tourist arrivals climbed 126% to 32.7 million persons. tourist arrivals rose 69% to 17.4 million persons. tourist arrivals jumped 178% to 5.6 million persons. tourist arrivals jumped 152% to 13.9 million persons. tourist arrivals climbed 114% to 6.6 million persons. tourist arrivals rose 24% to 25.9 million persons. 1,516% 208% 192% Among the 10-member states, Myanmar has the highest jump in tourist arrivals, soaring 1,516% to reach 6.0 million persons in 2017 compared with 0.4 million in Laos has the next highest jump in tourist arrivals after Myanmar, climbing 208% to reach 5.0 million persons in 2017 from 1.6 million a decade ago. Tourist arrivals in Vietnam rose 192% to 12.3 million persons in 2017, ranking 3rd among the members. Tourist arrivals in 2007 was only 4.2 million TOURISM SPENDING RANKING 2017 TOURISM DIRECT VALUE ADDED Sweden FOR BUSINESS Mexico FOR LEISURE Mexico s tourism contribution to GDP almost double in 10 years to USD billion in 2017, ranking 4th in the world in 2017 from 10th in TOURISM SPENDING BETWEEN For Business For Leisure 65% % BREAKDOWN OF 2017 TOURISM DIRECT VALUE ADDED % Share 2.3% 9.4% 9.5% Vietnam 1.5% Myanmar 0.5% Laos 0.2% 31.0% % 14.3% USD Billion 20.1% Source: CEIC, IMF WEO, WTTC, UOB Global Economics & Markets Research Note: Tourist arrivals data for , Laos 2017, Myanmar 2017, Vietnam 2017 are estimation figures May 2018 I Page 4 Snapshot

5 References Secretariat IMF World Economic Outlook April United Nations Conference on Trade and Development (UNCTAD) Central Intelligence Agency (CIA) World Travel & Tourism Council Compiled by UOB Global Economics & Markets Research URL: This publication is strictly for informational purposes only and shall not be transmitted, disclosed, copied or relied upon by any person for whatever purpose, and is also not intended for distribution to, or use by, any person in any country where such distribution or use would be contrary to its laws or regulations. This publication is not an offer, recommendation, solicitation or advice to buy or sell any investment product/securities/instruments. Nothing in this publication constitutes accounting, legal, regulatory, tax, financial or other advice. Please consult your own professional advisors about the suitability of any investment product/securities/ instruments for your investment objectives, financial situation and particular needs. The information contained in this publication is based on certain assumptions and analysis of publicly available information and reflects prevailing conditions as of the date of the publication. Any opinions, projections and other forward-looking statements regarding future events or performance of, including but not limited to, countries, markets or companies are not necessarily indicative of, and may differ from actual events or results. The views expressed within this publication are solely those of the author s and are independent of the actual trading positions of United Overseas Bank Limited, its subsidiaries, affiliates, directors, officers and employees ( UOB Group ). Views expressed reflect the author s judgment as at the date of this publication and are subject to change. UOB Group may have positions or other interests in, and may effect transactions in the securities/instruments mentioned in the publication. UOB Group may have also issued other reports, publications or documents expressing views which are different from those stated in this publication. Although every reasonable care has been taken to ensure the accuracy, completeness and objectivity of the information contained in this publication, UOB Group makes no representation or warranty, whether express or implied, as to its accuracy, completeness and objectivity and accept no responsibility or liability relating to any losses or damages howsoever suffered by any person arising from any reliance on the views expressed or information in this publication.