, established in November 1989, is composed of 21 economies in the aforementioned bloc, considered the most dynamic region in the world.
Learn about the profiles of the 21 APEC member economies below:
Peru
Host economy
Year of APEC accession: 1998
Population: 34,039,000 inhabitants
GDP: 3.1%
Canada
Founding member of APEC
Year of APEC accession: 1989
Population: 41,012,563 inhabitants
GDP: 0.5%
Republic of Korea
Founding member of APEC
Year of APEC accession:1989
Population: 51,736,000 inhabitants
GDP: 0.2%
Chinese Taipei
Year of APEC accession: 1991
Population: 23,923,272 inhabitants
GDP: 3.77%
People's Republic of China
Year of APEC accession: 1991
Population: 1,425,671,300 inhabitants
GDP: 5.3%
Chile
Year of APEC accession: 1994
Population: 19,493,184 inhabitants
GDP: 2.75%
Japan
Year of APEC accession: 1989
Population: 124,885,175 inhabitants
GDP: 0.7%
Thailand
Year of APEC accession: 1989
Population: 69,951,000 inhabitants
GDP: 2.3%
Australia
Year of APEC accession: 1989
Population: 25,767,000 inhabitants
GDP: 0.2%
Indonesia
Year of APEC accession: 1989
Population: 277,534,122 inhabitants
GDP: 1.2%
Malaysia
Year of APEC accession: 1989
Population: 34,308,525 inhabitants
GDP: 5.9%
United States
Year of APEC accession: 1989
Population: 334,914,895 inhabitants
GDP: 1.6%
New Zealand
Year of APEC accession: 1989
Population: 5,223,100 inhabitants
GDP: 0.2%
Brunei Darussalam
Year of APEC accession: 1989
Population: 449,000 inhabitants
GDP: 1.4%
Hong Kong
Year of APEC accession: 1991
Population: 7,401,500 inhabitants
GDP: 3.2%
Mexico
Year of APEC accession: 1993
Population: 127,500,000 inhabitants
GDP: 3.9%
Viet Nam
Year of APEC accession: 1998
Population: 98,190,000 inhabitants
GDP: 8%
Papua New Guinea
Year of APEC accession: 1993
Population: 11,782,000 inhabitants
GDP: 2.68%
The Philippines
Year of APEC accession: 1989
Population: 117,337,368 inhabitants
GDP: 5.55%
Russia
Year of APEC accession: 1998
Population: 143,826,130 inhabitants
GDP: 3.6%
Singapore
Year of APEC accession: 1989
Population: 5,917,648 inhabitants
GDP: 1.08%
APEC's goal is to foster greater prosperity in the Asia-Pacific region by implementing the
"APEC Putrajaya Vision 2020-2040."
It identifies three pillars: trade and investment; innovation and digitalization; strong, balanced, secure, sustainable, and inclusive growth.
APEC fosters quality economic growth among its members, through economic and technical cooperation, human security, trade, investment, digital economy, economic inclusion, and support for initiatives to improve sectoral public policies, among other initiatives.
21 economies
Currently, APEC brings together the following members:
Australia, Brunei Darussalam, Canada, Chile, People's Republic of China, Hong Kong, Indonesia, Japan, Republic of Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, the Philippines, Russia, Singapore, Chinese Taipei, Thailand, United States, and Viet Nam.