Philippines

Emerging

ASEAN · PSE (Philippine Stock Exchange) · PHP

S&P Rating

BBB+

GDP (Nominal)

$487B

Nominal USD

GDP Growth

+4.4%

Year-on-Year

Inflation

1.7%

CPI Annualised

Market Cap

$232B

Equity Market

Equity Mkt / GDP: 48%

Economy Overview

A detailed economy overview for this market is being prepared. The macro figures shown are live and current.

“OFW remittances are a $36B hard currency anchor that insulates the PHP from external shocks. BPO is migrating up the value chain from voice services to AI-augmented knowledge processing.”

Key Sectors

Remittances (OFW)BPO & Tech ServicesTourismConsumer

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Economic Profile

ClassificationEmerging

RegionASEAN

CurrencyPHP

Primary ExchangePSE (Philippine Stock Exchange)

Listed Companies279

GDP / Capita$4,171

Population117M

Monetary & Fiscal

CB Policy Rate4.75%

FX Reserves$111B

Debt / GDP60%

Current Account-3.3% of GDP

S&P RatingBBB+

Unemployment2.2%

Data Sources:

World Bank World Development Indicators (2025)BIS policy rates · IMF World Economic OutlookILO Labour StatisticsS&P Global RatingsWorld Federation of Exchanges2024 estimates · For intelligence purposes only