Philippines PESTLE Insights - A Macroeconomic Outlook Report

Philippines PESTLE Insights - A Macroeconomic Outlook Report

Summary

Financial intermediation, real estate and business activities contributed 21.9% to the gross value added (GVA) in 2022, followed by mining, manufacturing and utilities (21.9%), Wholesale, retail and hotels activities (19.9%). In nominal terms, the three sectors are expected to grow by 11.9%, 11.4% and 11.6%, respectively, in 2023.

Four major regions in the Philippines generated around 40.7% of the country’s GDP and were home to 18.7% of the country’s population in 2022

Key Highlights

The PCOMP index exhibited a downward trend over past year. As of May 23, 2023, the index stood at 6,610.2, compared to 6,687.8 on May 23, 2022.

Scope

• As of March 2023, President Ferdinand Marcos Jr's administration greenlit 123 new infrastructure projects, valued at PHP9 trillion ($163 billion), as part of their ambitious pipeline.

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.