Macroeconomic Outlook Report: Philippines

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.