Last updated in January 2025.
Navigating structural challenges to unlock further growth potential
B1
LOW RISK for enterprise
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
-
Political risk
-
Commercial risk
-
Financing risk
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Form of state | Presidential Republic |
Head of government | Ferdinand Marcos Jr. (President) |
Next elections | 2025, Legislative |
Strengths & Weaknesses

- Member of the Association of Southeast Asian Nations (ASEAN)
- Favorable demographic dynamics
- Robust domestic consumption
- Resilient banking sector
- Strong remittances inflows

- Vulnerable to external pressures
- Cyclical risks from heavy reliance on electronics exports
- Weak business environment
- High public debt
- Climate change vulnerability
Economic Overview
Trade Structure by destination/origin
(% of total, 2023)
Trade Structure by product
(% of total, annual 2023)
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