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Economies of the five dominant countries in Southeast Asia From Wikipedia, the free encyclopedia
The Tiger Cub Economies collectively refer to the economies of the developing countries of Indonesia, Malaysia, the Philippines, Thailand and Vietnam,[1] the five dominant countries in Southeast Asia.[2][3]
The Tiger Cub Economies are so named because they attempt to follow the same export-driven model of technology and economic development already achieved by the rich, high-tech, industrialized, and developed countries of South Korea, Singapore, and Taiwan, along with the wealthy financial center of Hong Kong, which are all collectively referred to as the Four Asian Tigers.[4][5][6][7] Young tigers are referred to as "cubs", the implication being that the five newly industrialized countries[8] who make up the Tiger Cub Economies are rising Tigers. In fact, four countries are included in HSBC's list of top 50 economies in 2050,[9] while Indonesia, Vietnam and the Philippines are included in Goldman Sachs's Next Eleven list of high potential economies because of their rapid growth[quantify] and large population.
Overseas Chinese entrepreneurs played a major prominent role in the development of the region's private sectors. These businesses are part of the larger bamboo network, a network of overseas Chinese businesses operating in the markets of developing countries like Malaysia, Indonesia, Thailand, and the Philippines that share common family and cultural ties.[10] China's transformation into a major economic power in the 21st century has led to increasing investments in Southeast Asian countries where the bamboo network is present.[11]
GDP and GDP per capita data are according to the International Monetary Fund's October 2023 data.[12]
| Rank | Country | Population in million |
GDP Nominal trillions of USD |
GDP Nominal per capita thousands ofUSD |
GDP (PPP) trillions of USD |
GDP (PPP) per capita thousands ofUSD |
|---|---|---|---|---|---|---|
| — |  ASEAN |
685.15 | 4.16 | 6.07 | 11.93 | 17.41 |
| 1 |  Indonesia |
279.96 | 1.54 | 5.51 | 5.51 | 16.84 |
| 2 |  Thailand |
70.27 | 0.543 | 7.73 | 1.67 | 23.71 |
| 3 |  Philippines |
114.16 | 0.476 | 4.17 | 1.38 | 12.13 |
| 4 |  Vietnam |
101.3 | 0.469 | 4.64 | 1.55 | 15.32 |
| 5 |  Malaysia |
33.460 | 0.465 | 13.91 | 1.31 | 39.07 |
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