What is the GDP of Philippines?

Philippines's GDP is approximately $461.6 billion USD. The GDP growth rate is 5.7%.

What is the population of Philippines?

Philippines has a population of approximately 115.8 million people. The population growth rate is 0.8%.

What is the inflation rate in Philippines?

The inflation rate in Philippines is 3.2%.

What is the unemployment rate in Philippines?

The unemployment rate in Philippines is 2.2%.

What is the GDP per capita of Philippines?

Philippines's GDP per capita is approximately $3,985 USD.

Is Philippines a good country to invest in?

Philippines has an investment score of 55/100, classified as "Moderate" risk. Key sectors include BPO & Services, Remittances, Manufacturing. Credit rating: BBB+.

How open is Philippines's economy to trade?

Philippines's trade openness (trade as % of GDP) is 66%. Exports total approximately $119B and imports $185.2B.

How much foreign investment does Philippines attract?

Foreign direct investment (FDI) in Philippines is 2% of GDP. There may be opportunities for early-mover investors.

What are the main economic sectors in Philippines?

Philippines's economy is composed of services (63% of GDP), industry (28% of GDP), and agriculture (9% of GDP).

Can I start a business in Philippines as a foreigner?

Philippines offers various options for foreign entrepreneurs. Visit our business setup guide for Philippines for detailed information on entity types, registration steps, costs, tax rates, and foreign ownership rules.

Is Philippines's economy growing?

Philippines's GDP growth rate is 5.7%. This is above the global average, indicating strong economic momentum.

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Philippines Economy Overview

Name: NationsData World Economic Dataset
Creator: NationsData
License: https://datacatalog.worldbank.org/public-licenses#cc-by

East Asia & PacificLower MiddleCapital: ManilaPHL

Moderate

BBB+

Growing

461.6B USD

GDP (Nominal)

Growing at 5.7%

$3,985

GDP Per Capita

Developing economy

115.8M

Population

+0.8% annual growth

Stable

3.2%

Inflation

Moderate

66%of GDP

Trade Openness

Strong

2%of GDP

FDI Inflows

Public Debt

Low

2.2%

Unemployment

Deficit

-$66.2B

Trade Balance

Currency & Exchange Rate

Currency

₱ Philippine Peso

PHP

Exchange Rate (1 USD)

₱56.50

+0.9% YoY(weakened)

5-Year Change

+13.5%

From ₱49.80

Regime & Controls

managed float

Capital controls: limited

GDP

Billion USD, nominal

$461.6B

2024+24.6B

GDP Growth

Annual %

5.7%

2024+0.2%

Inflation

Consumer prices, annual %

3.2%

2024-2.8%

Population

Millions

115.8M

2024+1.0M

Economic Structure

Services63%

Industry28%

Agriculture9%

Infrastructure46/100

Internet Speed

35 Mbps

Mobile: 18 Mbps

Logistics Index

2.9 /5.0

World Bank LPI

Electricity

70%

Reliability score

Connectivity

good

55% internet access

Investment Score Breakdown

Economic Health (30%)58

Political Safety (25%)45

Business Climate (20%)52

Financial Strength (15%)55

Growth Potential (10%)72

Key Sectors

BPO & Services

8% of GDP

growing

Remittances

9% of GDP

stable

Manufacturing

18% of GDP

growing

Real Estate

5% of GDP

growing

Should I Invest in Philippines?

HoldSetup: ComplexROI: Moderate

Philippines scores 55/100 on the NationsData Investment Index, rated "Moderate". The economy is growing at 5.6%, offering expanding market opportunity. Business setup takes approximately 64 days with a corporate tax rate of 25%.

Investment Score55/100

GDP Growth5.6%

Inflation5.3%

FDI/GDP2.5%

Public Debt61%

Political Stability-0.8

Corporate Tax25%

Ease of Business#95

Strengths

+Strong GDP growth at 5.6% - expanding market opportunity
+100% foreign ownership allowed - no local partner required

Risks

-Moderate political risk - monitor regulatory changes closely
-Elevated inflation (5.3%) - factor into pricing strategy
-Corruption is a significant concern - budget for compliance and due diligence
-Very slow contract enforcement (962 days) - use arbitration clauses

Best For

BPO & Services (growing, score: 88)

Also Consider

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Same region, faster growth (12%)

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Same region, similar income level

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