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Macroeconomic Outlook Report: Philippines

Publisher GlobalData
Published Aug 28, 2024
Length 46 Pages
SKU # GBDT19177479

Description

Macroeconomic Outlook Report: Philippines


Summary

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 GlobalData’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

46 Pages
Did You Know?
Country Highlights
Key Economic Updates
Country Snapshot
Political Landscape
Economic Landscape
Social Landscape
Technological Landscape
Legal Landscape
Environmental Landscape
Outlook
List of Figures
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)

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