Southeast Asia Outlook

By 2030, Southeast Asia is expected to emerge as a major economic powerhouse, with several countries showing impressive growth. According to the IMF, Indonesia will lead the region in terms of GDP, with a projected GDP of over $2.07 trillion, cementing its position as the region’s largest economy.

The Philippines is in second place with a GDP of $757.67 billion. Singapore is next with $698.07 billion. Vietnam is also showing strong momentum with a projected GDP of $666.54 billion, while Malaysia rounds out the top five with $640.49 billion.

These economic gains highlight the rise of major metropolitan areas such as Jakarta, Manila, Singapore, Ho Chi Minh City and Kuala Lumpur, which are driving growth through innovation, infrastructure and expanding middle-class markets.

Outside the top five, countries such as Myanmar, Cambodia and Brunei continue to make steady progress, while Laos and Timor-Leste remain on a smaller economic scale but have potential in niche sectors.

Southeast Asia is strengthening its role in the global economy, with its cities set to become even more important centers for trade, investment and culture in the coming decade.

Source: Seasia Stats