PHILIPPINES

Young, Vibrant, Ready

1 million

Employees in the BPO Industry.

ABOUT

Once considered the “sick man of Asia,” the Philippines has seen strong economic growth in recent years. Growth drivers include a world-leading BPO sector and rapid improvement in the country’s digital infrastructure. Challenges include major infrastructure gaps, persistent natural disasters and an ongoing “brain drain” as skilled workers move abroad and join the country’s massive diaspora.

QUICK FACTS

Population 100.7 million
GDP $292.7 billion
GDP Growth 6.1%
$28.5 billion

In Remittances In 2015 (10% of GDP).

PROS CONS

+ Strong English fluency

+ Increasing consumption

+ Huge tourism potential

– Urban infrastructure gaps

– High poverty rates

– Frequent natural disasters

TOP EXPORTS

Electrical and electronic equipment

Machines, engines and pumps

Mineral products

Wood and wood products

Ores, slag and ash

Medical and technical equipment

PHILIPPINES INSIGHTS