ASEAN Is the 3rd Largest Economy in Asia and the World's 7th Largest
ASEAN is the second-fastest growing economy in Asia after China, expanding by 300% since 2001 and exceeding the global growth average for the past 10 years. Today, ASEAN has a combined GDP of $2.4 trillion and a consumer base of 626 million. ASEAN’s growing middle class, purchasing power, and trade ties all point to greater US-ASEAN benefits over time. ASEAN has five regional free trade agreements with Australia and New Zealand, China, Japan, Korea, and India.