Doing Business in Philippines Guides. ASEAN, AEC. The country’s export opportunities is abound in sectors ranging from pharmaceuticals to industrial machinery and beyond. An emerging economy of real dynamism, despite the global financial crisis the Philippines has experienced record growth. As one of the largest markets in Southeast Asia, the country enjoys positive economic growth of 7.5% GDP in the second quarter of 2013, making Philippines the fastest growing economy in the Southeast Asian region. This growth figure is the fourth consecutive GDP growth of more than 7.0 per cent.
Doing Business in Philippines Guide
The Philippines has the twelfth largest population in the world (about 100 million) and is the fourth-largest English-speaking country. It also has one of the youngest populations in the world, with more than two-thirds under the age of 35. Relatively high population growth (nearly two percent annually) will help drive economic growth for the next several years, while also increasing the strain on the country’s infrastructure. Philippine GDP growth slowed to 6.1 percent in 2014 due mainly to weak public sector spending and weather-related damage to farm output but nevertheless remained among Asia’s top performers. Learn more from Philippines Business Guide provided by ExportGov from the US Government.
