Financial intermediation, real estate and business activities contributed 21.9% to the gross value added (GVA) in 2022, followed by mining, manufacturing and utilities (21.9%), Wholesale, retail and hotels activities (19.9%). In nominal terms, the three sectors are expected to grow by 11.9%, 11.4% and 11.6%, respectively, in 2023.
Four major regions in the Philippines generated around 40.7% of the country's GDP and were home to 18.7% of the country's population in 2022
Four major regions in the Philippines generated around 40.7% of the country's GDP and were home to 18.7% of the country's population in 2022
Key Highlights
The PCOMP index exhibited a downward trend over past year. As of May 23, 2023, the index stood at 6,610.2, compared to 6,687.8 on May 23, 2022.Scope
- As of March 2023, President Ferdinand Marcos Jr's administration greenlit 123 new infrastructure projects, valued at PHP9 trillion ($163 billion), as part of their ambitious pipeline
Reasons to Buy
- Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure
- PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
- Along with providing the country's snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business
- This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies' presence in these areas.
Table of Contents
- List of Exhibits
- Did You Know?
- Country Highlights
- Key Economic Updates
- Country Snapshot
- Political Landscape
- Economic Landscape
- Social Landscape
- Technological Landscape
- Legal Landscape
- Environmental Landscape
- Outlook
- Exhibit 1: Philippines’s performance in terms of its country risk analysis in comparison to Asia-Pacific and the World average
- Exhibit 2: Performance overview (Score: 1-100)
- Exhibit 3: Broad categories and weights behind the index
- Exhibit 4: Philippines Stock Exchange Index - PCOMP Index (May 2022 - May 2023)
- Exhibit 5: Key sectors contribution to the economy (2017-24f)
- Exhibit 6: Total FDI inflows by month (January 2022 - March 2023 ) & FDI percentage share to net equity other than reinvestment of earnings (Q1 2023)
- Exhibit 7: FDI by country and region (2020-22 & Q1 2023)
- Exhibit 8: Key infrastructure indicators (2020)
- Exhibit 9: Real GDP and household consumption growth rate (2018-25f)
- Exhibit 10: Real GDP growth rate comparison (2022)
- Exhibit 11: Volume of exports and imports growth (2018-25f)
- Exhibit 12: Current account balance (2018-25f)
- Exhibit 13: Top three commodity exports, % of total exports (2018-22)
- Exhibit 14: Exhibit 14: Electrical machinery and equipment, % share of world’s total (2022)
- Exhibit 15: Interest rates (June 2018 - June 2023)
- Exhibit 16: Exchange rate and inflation (2018-25f)
- Exhibit 17: Public finance (2018-25f)
- Exhibit 18: General government debt (2018-25f)
- Exhibit 19: Unemployment rate (2018-25f)
- Exhibit 20: Average annual wages (2018-25f)
- Exhibit 21: Labor cost index (2018-25f)
- Exhibit 22: Rural/urban share of total population (1995, 2005, 2015, 2025f)
- Exhibit 23: Age-group share of total population (1995, 2005, 2015, 2025f)
- Exhibit 24: Gender split (1995, 2005, 2015, 2025f)
- Exhibit 25: Internet users as a percentage of total population, mobile penetration rate and broadband penetration rate (2022)
- Exhibit 26: Number of patents granted per million population (2021)
- Exhibit 27: High-technology exports, % of manufactured exports (2021)
- Exhibit 28: Rule of law (rankings), 2022
- Exhibit 29: Corruption perceptions index (rankings) (2022)
- Exhibit 30: Renewable energy capacity (2017-21)
- Exhibit 31: CO2 emissions (2018-22)
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ADB
- Metro bank
- Almazora
