Financial intermediation, real estate, and business activities contributed 22.0% to the gross value added (GVA) in 2023, followed by mining, manufacturing, and utilities (21.9%), and wholesale, retail, and hotels business activities (20.0%). In nominal terms, the three sectors are expected to grow by 9.2%, 8.9%, and 9.1%, respectively, in 2024.
Four major regions in the Philippines generated around 36.6% of the country’s GDP and were home to 18.8% of the country’s population in 2023, according to the analyst’s cities database.
The PCOMP index has been on a downward trend. As of August 1, 2024, the index stood at 6,359, compared to 6,593.8 on August 1, 2023.
Four major regions in the Philippines generated around 36.6% of the country’s GDP and were home to 18.8% of the country’s population in 2023, according to the analyst’s cities database.
The PCOMP index has been on a downward trend. As of August 1, 2024, the index stood at 6,359, compared to 6,593.8 on August 1, 2023.
Scope
- Macroeconomic Country Outlook Reports evaluate a country's investment potential through its political, economic, social, technological, legal, and environmental (PESTLE) framework.
- This comprehensive analysis offers a holistic view of the economy, serving as a strategic tool to understand market dynamics, business potential, and operational direction. Each PESTLE factor is examined based on four parameters: current strengths, current challenges, future prospects, and future risks.
- These insights support strategic planning by highlighting opportunities and risks within the economy, helping businesses and investors make informed decisions. The report aims to provide a detailed understanding of the country's macroeconomic environment to facilitate effective decision-making and strategy development.
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
- 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’ performance in country risk analysis in comparison to Asia-Pacific and World average
- Exhibit 2: Performance overview (score: 0-100)
- Exhibit 3: Broad categories and weights behind the index
- Exhibit 4: PCOMP Index (August 2023 - August 2024)
- Exhibit 5: Key sectors contribution to the economy (2019-26f)
- Exhibit 6: FDI inflows (Q1 2023-Q1 2024) and FDI inflow by industry (Q1 2024)
- Exhibit 7: FDI by region and country (Q1 2023-Q1 2024)
- Exhibit 8: Key infrastructure indicators
- Exhibit 9: Real GDP and household consumption growth rate (2019-26f)
- Exhibit 10: Real GDP growth rate comparison (2023)
- Exhibit 11: Volume of exports and imports growth (2019-26f)
- Exhibit 12: Current account balance (2019-26f)
- Exhibit 13: Top three commodity exports, % of total exports (2019-22)
- Exhibit 14: Electrical machinery and equipment and parts thereof, % of world total (2022)
- Exhibit 15: Interest rates (June 2019 - June 2024)
- Exhibit 16: Exchange rate and inflation (2019-26f)
- Exhibit 17: Public finance (2019-26f)
- Exhibit 18: General government debt (2019-26f)
- Exhibit 19: Unemployment rate (2019-26f)
- Exhibit 20: Average annual wages (2019-26f)
- Exhibit 21: Labor cost index (2019-26f)
- Exhibit 22: Rural/urban share of total population (2005, 2015, 2025f, 2030f)
- Exhibit 23: Age-group share of total population (2005, 2015, 2025f, 2030f)
- Exhibit 24: Gender split (2005, 2015, 2025f, 2030f)
- Exhibit 25: Internet users as a percentage of total population, mobile penetration rate and broadband penetration rate (2023)
- Exhibit 26: Number of patents granted per million population (2023)
- Exhibit 27: High technology exports, % of manufactured exports (2022)
- Exhibit 28: Rule of law index (rankings) 2023
- Exhibit 29: Corruption perceptions index (rankings) (2023)
- Exhibit 30: Renewable energy, installed capacity (2019-23)
- Exhibit 31: CO2 emissions (2018-22)
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AADB
- Metro bank
- Almazora
