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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.

Mapa regional

Factos-chave

Philippines num relance

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

Porque este mercado importa

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.

Explorador macro

Troca de variável sem perder o contexto do país

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
Clica num ano para ampliar a partir desse ponto.

Variáveis disponíveis

Real GDP growth

5.5%
Tendência 1A-1.6%
Crescimento médio-0.2%

O que isto sinaliza

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.

Comércio e posição externa

Exportações, serviços e balança externa

Em vez de um muro genérico de cartões macro, esta secção foca-se em como o país capta procura do exterior, onde está a sua vantagem comercial e como evolui a balança externa.

Comércio total PhilippinesPHP 304,1 mM
Bens
Serviços
Bens
Serviços
ExportaçãoPHP 119,0 mM
PHP 185,2 mMImportação
Balança externa2024
Exportações +PHP 119,0 mM
Importações -PHP 185,2 mM
Saldo-PHP 66,2 mM
PHP 119,0 mM
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 mM
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 mM
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.

Composição do comércio

O que o país exporta

Parceiros comerciais

Com quem o país comercia

Lente das commodities

Exposição a matérias-primas

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.

O que observar

Chave de leitura

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.

Outros países

Continua por Asia

Cada cartão abre o mesmo modelo de país com o seu próprio mapa, variáveis macro alternáveis e vista de referência. É a primeira rede ligada de páginas de país da região.