TheTiger Cub Economies collectively refer to the economies of thedeveloping countries ofIndonesia,Malaysia, thePhilippines,Thailand andVietnam,[1] the five dominant countries inSoutheast Asia.[2][3]
The Tiger Cub Economies are so named because they attempt to follow the sameexport-driven model oftechnology andeconomic development already achieved by the rich,high-tech,industrialized, anddeveloped countries ofSouth Korea,Singapore, andTaiwan, along with the wealthy financial center ofHong Kong, which are all collectively referred to as theFour Asian Tigers.[4][5][6][7] Youngtigers are referred to as "cubs", the implication being that the fivenewly industrialized countries[8] who make up the Tiger Cub Economies are rising Tigers. In fact, four countries are included inHSBC's list of top 50 economies in 2050,[9] while Indonesia, Vietnam and the Philippines are included inGoldman Sachs'sNext Eleven list of high potential economies because of their rapid growth[quantify] and large population.
Overseas Chinese entrepreneurs played a major prominent role in the development of the region'sprivate sectors. These businesses are part of the largerbamboo network, a network of overseas Chinese businesses operating in the markets ofdeveloping countries like Malaysia, Indonesia, Thailand, and the Philippines that share common family and cultural ties.[10] China's transformation into a majoreconomic power in the 21st century has led to increasing investments in Southeast Asian countries where the bamboo network is present.[11]
GDP and GDP per capita data are according to the International Monetary Fund's October 2023 data.[12]
| Rank | Country | Population in million | GDP Nominal trillions of USD | GDP Nominal per capita thousands ofUSD | GDP (PPP) trillions of USD | GDP (PPP) per capita thousands ofUSD |
|---|---|---|---|---|---|---|
| — |  ASEAN | 685.15 | 4.16 | 6.07 | 11.93 | 17.41 |
| 1 |  Indonesia | 279.96 | 1.54 | 5.51 | 5.51 | 16.84 |
| 2 |  Thailand | 70.27 | 0.543 | 7.73 | 1.67 | 23.71 |
| 3 |  Philippines | 114.16 | 0.476 | 4.17 | 1.38 | 12.13 |
| 4 |  Vietnam | 101.3 | 0.469 | 4.64 | 1.55 | 15.32 |
| 5 |  Malaysia | 33.460 | 0.465 | 13.91 | 1.31 | 39.07 |
Economy of IndonesiaEconomy of MalaysiaEconomy of the PhilippinesEconomy of ThailandEconomy of Vietnam
{{cite web}}:External link in|title=