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23 February, 2021updated 30 Oct 2021 05:04

Investing in the Philippines: what you need to know

All of the key data and information needed when considering investing in the Philippines.

By Carmen

As of 2021, the Philippines has a population of 111.5 million, making it the 13th largest country in the world by this measure. There are 50.2% males and 49.8% females.

There are 36.8 million people employed in the Philippines, with an unemployment rate of 10.3% – 4.2 million people.

The Philippines is the 27th largest economy in the world with a GDP of $496.8bn. The Philippines’s GDP has grown by 106% between 2010 and 2021 and is expected to grow by 41% by 2025.

As of 2021 there are 3.8 million students in tertiary education in the Philippines, with 9.4 million students in secondary and 14.4 million in primary education. The Philippines spent 2.7% of its GDP on education in 2009.

The Philippines ranked 95th in the World Bank’s Doing Business Report (2020). In the 2019 report it finished 124th. In the World Economic Forum’s Global Competitiveness Report (2019), the Philippines finished 64th, after ranking 64th in 2018.

Public healthcare expenditure totalled $4.6bn and private healthcare expenditure equalled $10bn in 2018.

The largest urban areas in the Philippines are Manila (14.1 million people), Cebu (2.9 million) and Davao (2.7 million).

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