Navigating structural challenges to unlock further growth potential

B1

LOW RISK for enterprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

Last updated in January 2025.

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Form of state Presidential Republic
Head of government Ferdinand Marcos Jr. (President)
Next elections 2025, Legislative
Strenghts
  • Member of the Association of Southeast Asian Nations (ASEAN)
  • Favorable demographic dynamics
  • Robust domestic consumption
  • Resilient banking sector
  • Strong remittances inflows
Weaknesses
  • Vulnerable to external pressures
  • Cyclical risks from heavy reliance on electronics exports
  • Weak business environment
  • High public debt
  • Climate change vulnerability
(% of total, 2023)
(% of total, annual 2023)
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