USABC Southeast Asia Sustainability Ambitions 2022 Report with Deloitte
ASEAN faces an unprecedented moment of opportunity and challenge. It is the third fastest growing major Indo-Pacific economy in the past decade after China and India, with a combined GDP of US$3.2 trillion, and the fifth largest economy in the world. The region is expected to grow to be the fourth largest economy in the world within the decade, and boasts the third largest labor force in the world (after China and India). With a soaring population of more than 660 million, it has more than twice the population of the United States. Nearly 60% of the people living in ASEAN countries today are less than 35 years old, and an astonishing 70% of the population will live in urban centers by 2030 – a migration that will undoubtedly create energy, waste, and infrastructure challenges, but also paves the way for small and medium sized businesses to flourish. All of this spells tremendous opportunity for the region.
We were proud to play a role in helping put together this important report. We hope readers will take away from it those areas in which greater focus and determination is necessary. Together we can improve the lives of hundreds of millions of people across Southeast Asia, and in so doing, create a stronger community, and an even greater future.