Philippines map

  • 640k

    workers in the BPO industry.

  • $24.6

    billion in remittances in 2012, driving 10% of GDP.

  • 40%

    of the world’s supply of coconut oil.

Once considered the “sick man of Asia,” the Philippines has seen strong economic growth in recent years. Growth drivers include a world-leading BPO sector and rapid improvement in the country’s digital infrastructure. Challenges include major infrastructure gaps, persistent natural disasters and an ongoing “brain drain” as skilled workers move abroad and join the country’s massive diaspora.
Quick Facts

  • Population: 100 million
  • GDP: $250 billion
  • GDP growth: 6.8%

Pros / Cons

  • + Strong English fluency
  • + Increasing consumption
  • + Huge tourism potential
  • – Urban infrastructure gaps
  • – High poverty rates
  • – Frequent natural disasters
Top Exports

  • Electronics and electrical equipment
  • Machinery
  • Wood and wood products
  • Ores, slag and ash
  • Mineral fuels and oils
  • Optical and photo equipment

Philippines INSIGHTS


EU and ASEAN to resume negotiations on a bilateral FTA

March 22nd, 2017 by bdg-asia

Ten years ago, the European Union (EU) and the Association of Southeast Asian Nations (ASEAN) started the talks for a Free Trade Agreement (FTA) between the two sides. However, two years later, the talks were discontinued as the EU instead …


ASEAN celebrates 50th anniversary

March 3rd, 2017 by bdg-asia

As a kick-off for the 50th anniversary of ASEAN (Association of Southeast Asian Nations), the organizations´ Foreign Ministers´ Retreat has been held on Boracay Island in the Philippines.Since its foundation in 1967, ASEAN´s scope has developed way beyond the initial …


ASEAN and the threat of Chinese economic slowdown

August 18th, 2016 by bdg-asia

Once again the business world takes a concerned look at China as recent economic data reveals that both industrial output and retail sales remained below expectations for the month of July. Already, the International Monetary Fund (IMF) was forecasting China´s …


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