Company: NUTR
Filing Date: 2025-08-15
Form Type: 424B4
Source: 0001641172-25-024294
Chunk: 82

Company: NUSATRIP Inc
Filing Date: 2025-08-15
Form: 424B4
Chunk 82
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 from 360 million 
 users in 2019 to 612 million users in 2024.10                                                                                       |

Source: Google, Temasek and Bain & Company (2024). e-Conomy SEA 2024.

Despite the lingering effects to the global economy due to Covid-19, SEA’s economic growth compares favorably to that of the developed world, reaching 4.6% growth rate in 2023 as opposed to 0.9% and 1.0% for both the European Union (“EU”) and the US, respectively. As of 2023, SEA’s combined gross domestic product (“GDP”) reached US$3.8 trillion. In comparison, the respective GDP for both the European Union (“EU”) and the US totaled US$25.8 trillion and US$36.6 trillion in 2023. 11SEA has experienced rapid economic growth rates in recent years, far exceeding growth in major world economies such as Japan, the EU and the US. The combined GDP of ASEAN Member States (AMS) was USD 3.8 trillion in 2023, making it the world’s fifth-largest economy. Projections indicate that by 2030, AMS are poised to ascend to the position of the world’s fourth-largest economy. In 2023, ASEAN achieved 4.1% economic growth, with a trajectory expected to persist, underpinned by robust foundational elements. Anticipated regional growth rates are set to surpass the estimated global averages, with a projected increase to over 4.6% in 2024 and 4.7% in 2025. 12

8 See ASEAN Briefing (2024). Australia Commits New Investments to Strengthen Ties with Southeast Asia.

9 See Worldometer (2024). South-Eastern Asia Population.

10 See Google, Temasek and Bain & Company (2024). e-Conomy SEA 2024.

11See International Monetary Fund World Economic Outlook (October - 2024).

12 See ASEAN (2024). ASEAN Matters: Epicentrum Of Growth.

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A large and growing population is expected to lead to greater spending on lifestyle, education and housing, while demand will increase for health and aged care services. SEA continues to enjoy robust population growth. The United Nations Population Division estimates that the population of the SEA countries in 2000 was approximately 527 million people growing to 695 million in 2024. 13This population growth is