The Philippines, with a population of around 115 million and a GDP of approximately $450 billion in 2023, has a growing economy with strong contributions from services, manufacturing, and agriculture. The per capita income is about $4,000. Key sectors include BPO, electronics, and tourism.
The Philippines is investing in infrastructure, technology, and renewable energy. Opportunities for foreign direct investment (FDI) are significant in these sectors, supported by ongoing economic reforms and a favorable business environment.