Demographics Drive ASEAN Growth – CHART

Demographics Drive ASEAN Growth  – CHART

Demographics Drive ASEAN Growth

Demographics Drive #ASEAN Growth #ChartOfTheDay


  • The 2025 estimates are United Nations estimates at a constant fertility rate and constant mortality rate
  • By 2025 80% of the ASEAN 5 (Indonesia, Malaysia, Philippines, Singapore, Thailand) population should be in the labor force
  • ASEAN 5 to see an increase in the share of the population in the labor force, Europe and US a decrease to 60% in 2025 compared to 68% in 2015
  • Larger share of the population in the labor force means more people contributing and fewer depending (children and elderly) on this group
  • ASEAN 5 should see sustained growth from its “demographic dividend”, i.e. a higher proportion of the population being in the labor force


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In 1992 Dr. Andrew Stotz, CFA, left a management career at Pepsi-Cola in California to teach finance in Thailand. In 1993, he found his life calling as a financial analyst, a job for which he was eventually voted #1 in Thailand. In the second half of his 20-year career in investment banking, Dr. Stotz was a Head of Research, leading teams of financial analysts. He served as a two-term president of CFA Society Thailand and now runs his firm, A. Stotz Investment Research, which provides research and tools for institutions and high-net-worth investors and helps CEOs make their companies financially world class.

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