ASEAN opportunities Southeast Asia’s strong fundamentals are a key driver for this growth in capital formation. With a population cresting near 700 million, the combined GDP of ASEAN’s 10 member states reached US$3 trillion in 2020.[3] The bloc is now the world’s fifth-largest economy and is set to add 140 million new young consumers to the world by 2030, driving about US$4 trillion of new consumption.[4] Much of that also hinges on innovation as the majority of young people in Southeast Asia embrace digital lifestyles.