Fortune’s Southeast Asia 500, which measures the largest companies in the region by revenue, covers seven economies: Indonesia, Thailand, Malaysia, Cambodia, Vietnam, the Philippines, and Singapore.
Indonesia, Southeast Asia’s largest economy in terms of both GDP and population, has the biggest footprint on the list, covering more than a fifth of the total ranking with 109 companies. Thailand, the region’s second-largest economy, sits in second place with 100.
Singapore, the region’s wealthiest economy by GDP per capita, sits in the middle of the pack, with 81 companies on the Southeast Asia 500.
Measured by revenue, however, the tiny city-state of six million ends up far ahead of its ASEAN peers.
Total revenue from Singapore-based Southeast Asia 500 companies reached $637 billion, or about a third of the list’s total revenue of $1.8 trillion. That’s twice as much of Thailand, which sits in second place with revenue of $352 billion.
