The Economic emergence of CLMV in Southeast Asia
This overture illustrates the positioning of CLMV group as the members of the Association of Southeast Asian Nations (ASEAN). We begin with the members' economic development of the top six countries (A6); Indonesia, Philippines, Thailand, Singapore, Malaysia, Brunei, and CLMV countries
The chart below clearly represents the gap in economy size between A6 and CLMV. Over the past years, however, the group of four least developed nations in ASEAN have strongly enhanced their economic prosperity not only in terms of GDP value but the growth rate has also outperformed other giant countries in the region.
Pisinee Leelafaungsilp, CEIC Research Analyst