GEM 2015 / 2016 ASEAN Regional Report

  • Year of publication: 2016
  • Category: Special Topic Reports
  • Language: English
  • Upload date: 2016-11-23

ASEAN, with a workforce of more than 400 million, a combined GDP of 3,600 billion US$ and an abundance of natural resources is a key economic engine for economic growth. The region with its consumer base of 626 million people is a strong performer in raising the living standards in its ten member countries. The average GDP per capita in ASEAN is to 12,426.5 US$ with a spread from 1200 US$ in Myanmar to above 52,000 US$ in Singapore. For three years (2013 – 2015), a comprehensive research on entrepreneurship has been carried out to understand the nature, characteristics and dynamics of entrepreneurs and enterprise formation within Southeast Asia, including perceptions, aspirations and practices of women and youth with respect to entrepreneurship. In ASEAN, 48.4% of the population are women (WorldBank, 2016), and their impact can be significant both for innovation and job creation. And they are making some significant inroads.