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.

ScopeAs 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 BuyMacroeconomic 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.