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Philippines — Market Overview

Asia>Philippines

🇵🇭 Philippines

The Philippines is usually read through household demand, remittances, and infrastructure spending, with inflation and rate policy playing an outsized role in determining market multiples. The cleanest read usually comes from consumer resilience, inflation and rates, and whether investment and infrastructure momentum can offset softer external demand.

Mappa regionale

Dati chiave

Philippines in sintesi

Capital

Manila

Currency

Philippine Peso (PHP)

Primary exchange

Philippine Stock Exchange

Central bank

Bangko Sentral ng Pilipinas

Region

Asia

Time zone

Asia/Manila

Country dashboard

Perché questo mercato conta

This first pass is built as a reusable country page instead of a static essay. The page now combines a stylized country map, a switchable line-chart explorer, and linked peer countries so users can move from Philippines into the rest of the region without losing the macro frame.

Esploratore macro

Cambia variabile, mantieni il contesto del paese

GDP, inflation, labor, policy, and industrial activity are shown on a quarterly path from 2000 onward, while debt and the local equity benchmark come in when usable history exists. This keeps the page focused on fiscal room and macro regime while the broader official country pipeline keeps expanding.

Real GDP growth

Philippines starter GDP-growth path anchored to sourced country profile readings; full official historical wiring is still pending.

5.0%6.0%7.0%8.0%201020112012201320142015201620172018201920202021202220232024
Clicca un anno per ingrandire da quel punto.

Variabili disponibili

Real GDP growth

5.5%
Trend 1A-1.6%
Crescita media-0.2%

Cosa segnala

GDP growth is published quarterly and annualized, so each point captures how fast real output was expanding or contracting versus the prior quarter at an annual rate. It matters because it is the broadest scorecard of domestic economic momentum and sets the backdrop for revenues, employment, and policy expectations. Versus a year ago, the series is lower by 1.6%, which points to a softer or less supportive backdrop on this measure. Across the displayed window, the broader trend is still downward.

Scambi e posizione esterna

Esportazioni, servizi e bilancia con l'estero

Invece di un generico muro di schede macro, questa sezione si concentra su come il paese attira domanda dall'estero, dove sta il suo vantaggio commerciale e come evolve la bilancia con l'estero.

Interscambio totale PhilippinesPHP 304,1 Mld
Beni
Servizi
Beni
Servizi
EsportazioniPHP 119,0 Mld
PHP 185,2 MldImportazioni
Bilancia con l'estero2024
Esportazioni +PHP 119,0 Mld
Importazioni -PHP 185,2 Mld
Saldo-PHP 66,2 Mld
PHP 119,0 Mld
Total exports

The full export figure, combining goods and services in one line. It is the cleanest way to read how much external demand Philippines is capturing across both physical products and higher-value intangible flows.

PHP 73,0 Mld
Goods exports

This is the merchandise side of exports: industrial supplies, capital goods, autos, food, and other physical products. It matters because it reflects the health of manufacturing, energy, aerospace, and the broader global industrial cycle.

PHP 50,7 Mld
Services exports

This is the intangible side: finance, travel, licensing, business services, and IP-linked flows. It matters because it shows where Philippines is strongest in higher-margin, knowledge-intensive, and branded service activities.

Composizione degli scambi

Cosa esporta il paese

Partner commerciali

Dove commercia il paese

Lente sulle commodity

Esposizione alle materie prime

Trade openness65.9%

Trade in goods and services equaled 65.9% of GDP in 2024. This is a quick read on how externally exposed the economy is.

Services share of exports42.6%

Services represented 42.6% of total exports in the latest reading, which helps show whether the export mix leans more toward intangibles or merchandise.

Manufactures share77.2%

Manufactures accounted for 77.2% of merchandise exports in 2024.

Fuel share1.3%

Fuel exports accounted for 1.3% of merchandise exports in 2024, useful for reading commodity exposure.

Food share10.4%

Food exports accounted for 10.4% of merchandise exports in 2024, adding context on agricultural exposure.

Cosa osservare

Chiave di lettura

01

domestic consumption

Philippines should first be read through domestic consumption. When this regime shifts, local multiples and sector leadership usually shift with it.

02

remittances

The cleanest read usually comes from consumer resilience, inflation and rates, and whether investment and infrastructure momentum can offset softer external demand. That makes remittances one of the most important signals for revising the country narrative.

03

rate policy

The final layer is rate policy, because it determines whether the macro backdrop turns into sustainable earnings support for the PSEi.

Altri paesi

Continua attraverso Asia

Ogni scheda apre lo stesso modello di paese con la propria mappa, variabili macro selezionabili e vista benchmark. È la prima rete collegata di pagine paese nella regione.