Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia(17)

Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia

They are Singapore and Indonesia in the maritime Southeast Asia. The two countries shouldn't be thought lightly of in any economic point of view in the region. Above all, Singapore has been acclaimed the most advance country with per capita GDP of 60,300 USD in 2017. 

In particular, Singapore is leading the region this year as it chairs the ASEAN summit and subsequent summits. In contrast with Singapore, Indonesia is ranked the first place in terms of the economic size. Indonesia has occupied as much as 40% of the regional GDP and has consistently beefed up its clout across Southeast Asia.