Philippines Snapshot - PESTLE, SWOT, Risk and Macroeconomic Analysis report is designed to provide in-depth information about the Philippines including its PESTLE (political, economic, social, technological, legal and environmental), SWOT (Strengths, Weaknesses, Opportunities and Threats) and country risk analysis backed by macroeconomic data.
The Philippines, officially known as the Republic of the Philippines, is a sovereign island country in Southeast Asia situated in the western Pacific Ocean. Its capital city is Manila while its most populous city is Quezon City; both are part of Metro Manila. To its north across the Luzon Strait lies Taiwan, west across the South China Sea sits Vietnam, southwest is the island of Borneo across the Sulu Sea, and to the south, the Celebes Sea which separates it from other islands of Indonesia and in the east the country is bounded by the Philippine Sea and the island-nation of Palau.
The Philippines is expected to have a population of 113.307 million in the year 2023 and is expected to reach 119.787 million by 2027, growing at a CAGR of 1.40%.
The Philippines’ real gross domestic product (GDP) was PHP 17,527.24 billion in 2020 and while recovering from the COVID-19 impact it increased by 5.30% to be around PHP 18,508.41 billion in 2021. It is further expected to increase by 6.46% and reach PHP 26,940.94 billion by 2027.
The Philippines’ unemployment rate was 5.833% of the total labor force in 2021. It is expected to decrease by 2.65% and reach 5.1% by 2027.
The Philippines’ per capita GDP was USD 3,686.844 whereas purchasing power parity (PPP) based per capita GDP was USD 10,236.565 for 2022.
In 2022, the Philippines government’s revenue was PHP 4,424.865 billion whereas the expenditure was PHP 5,594.982 billion. This resulted in the Philippines government’s net lending/borrowing being negative at PHP 1,170.116 billion in 2022 indicating that not enough financial resources were made available by the Philippines government to boost economic growth.
The current account balance for the Philippines was negative at USD 11.304 billion for the year 2022 and is expected to increase at a CAGR of 0.57% and reach a negative USD 10.984 billion by 2027. This negative current account balance indicates that the Philippines will remain a net borrower from the rest of the world till 2027.
Scope of Philippines Snapshot - PESTLE, SWOT, Risk Macroeconomic Analysis Report
- This report provides information about key macroeconomic indicators for the Philippines.
- This report provides PESTLE (political, economic, social, technological, legal and environmental) analysis of the Philippines.
- This report provides SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis for the Philippines.
- This report provides a risk analysis for the Philippines.
- This report provides information on the Coronavirus (COVID-19) pandemic related policy response in the Philippines.
Table of Contents
1. Executive Summary
- Scope of Philippines Snapshot - PESTLE, SWOT, Risk Macroeconomic Analysis Report
- Research Methodology
2. PESTLE Analysis of the Philippines
2.1 Political Factors
2.2 Economic Factor
2.2.1 National Accounts Indicators
2.2.1.1 Real Gross Domestic Product
2.2.1.2 Nominal Gross Domestic Product
2.2.1.3 Gross Domestic Product Deflator
2.2.1.4 Per Capita Gross Domestic Product
2.2.1.5 Purchasing-Power-Parity (PPP) Based Per Capita GDP
2.2.1.6 Total Investment/Gross Capital Formation
2.2.1.7 Gross National Savings
2.2.2 Monetary Indicators
2.2.2.1 Consumer Price Index (CPI) Inflation
2.2.3 Trade Indicators
2.2.3.1 Change in Import Volume of Goods & Services
2.2.3.2 Change in Export Volume of Goods & Services
2.2.4 Government Finance Indicators
2.2.4.1 Government Revenue
2.2.4.2 Government Expenditure
2.2.4.3 Government Net Lending/Borrowing
2.2.4.4 Government Gross Debt
2.2.5 Balance of Payment Indicators
2.2.5.1 Current Account Balance
2.3 Social Factors
2.3.1 Population
2.3.2 Unemployment
2.4 Technological Factors
2.5 Legal Factors
2.6 Environmental Factors
3. SWOT Analysis of the Philippines
3.1 Strengths
3.2 Weaknesses
3.3 Opportunities
3.4 Threats
4. Risk Analysis of the Philippines
5. COVID-19 Related Policy Response of the Philippines
5.1 Coronavirus (COVID-19) Containment Measures of Philippines
5.2 Coronavirus (COVID-19) Related Fiscal Policy Measures by Philippines
5.3 Coronavirus (COVID-19) Related Monetary Policy Measures by Philippines
5.4 Coronavirus (COVID-19) Related Policy Measures for MSMEs by Philippines
List of Exhibits
Notes
Company Information
List of Exhibits
Exhibit 2.1 Real GDP of Philippines (in PHP billion) 2020-2027
Exhibit 2.2 Nominal GDP of Philippines (in PHP billion) 2020-2027
Exhibit 2.3 Nominal GDP of Philippines (in USD billion) 2020-2027
Exhibit 2.4 GDP Deflator Index for Philippines 2020-2027
Exhibit 2.5 Per Capita GDP of Philippines (in USD) 2020-2027
Exhibit 2.6 PPP Per Capita GDP of Philippines (in USD) 2020-2027
Exhibit 2.7 Total Investment of Philippines (in %) 2020-2027
Exhibit 2.8 Gross National Savings of Philippines (in %) 2020-2027
Exhibit 2.9 Consumer Price Index (CPI) Inflation of Philippines 2020-2027
Exhibit 2.10 Change in Import Volume of Goods & Services of Philippines (in %) 2020-2027
Exhibit 2.11 Change in Export Volume of Goods & Services of Philippines (in %) 2020-2027
Exhibit 2.12 Government Revenue of Philippines (in PHP billion) 2020-2027
Exhibit 2.13 Government Revenue of Philippines (in % of GDP) 2020-2027
Exhibit 2.14 Government Expenditure of Philippines (in PHP billion) 2020-2027
Exhibit 2.15 Government Expenditure of Philippines (in % of GDP) 2020-2027
Exhibit 2.16 Government Net Lending/Borrowing of Philippines (in PHP billion) 2020-2027
Exhibit 2.17 Government Net Lending/Borrowing of Philippines (in % of GDP) 2020-2027
Exhibit 2.18 Government Gross Debt of Philippines (in PHP billion) 2020-2027
Exhibit 2.19 Government Gross Debt of Philippines (in % of GDP) 2020-2027
Exhibit 2.20 Current Account Balance of Philippines (in USD billion) 2020-2027
Exhibit 2.21 Current Account Balance of Philippines (in % of GDP) 2020-2027
Exhibit 2.22 Philippines - Top 10 Export Countries (in USD billion) & % Share 2021
Exhibit 2.23 Philippines - Top 10 Import Countries (in USD billion) & % Share 2021
Exhibit 2.24 Population of Philippines (in million) 2020-2027
Exhibit 2.25 Unemployment Level in Philippines (in %) 2020-2027
Exhibit 3.1 SWOT Analysis of Philippines
Exhibit 5.1 Covid-19 Policy Response for Supporting MSMEs by Philippines
Samples
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