IMD World Competitiveness Booklet 2021

COMPETITIVENESS TRENDS - OVERALL PHILIPPINES

OVERALL PERFORMANCE (64 countries)

BASIC FACTS Capital Land area (square km '000)

Rank

Manila

2017 2018 2019 2020 2021

300 2020

49.624 2020 108.77 2020 362.2 2020 8,452 2020 -9.5 2020 2.64 2020 10.26 2020 43.65 2020 3.58 2020 88.0 2019 2.30 2019

Exchange Rate (per $)

41

45

46

50

52

9

Population - market size (millions)

CHALLENGES IN 2021 Ensuring inclusive economic recovery and quickly reviving business and consumer confidence. • Ensuring inclusive economic recovery and quickly reviving business and consumer confidence. • Effectively controlling the COVID-19 epidemic and implementing full vaccination rollout. • Building resilient social infrastructure especially in health and education. • Sustaining increased investments in physical and digital infrastructure. • Maintaining fiscal health while adequately providing stimulus and support especially for vulnerable sectors.

30

Gross Domestic Product (GDP) (US$ billions)

62

GDP (PPP) per capita (US$)

59

Real GDP growth (%)

46

Consumer price inflation (%)

53

Unemployment rate (%)

10

Labor force (millions)

20

Current account balance (% of GDP)

46

Direct investment stocks inward ($bn)

Asian Institute of Management, Rizalino S. Navarro Policy Center for Competitiveness Provided by: Asian Institute of Management, Rizalino S. Navarro Policy Center for Competitiveness

32

Direct investment flows inward (% of GDP)

COMPETITIVENESS LANDSCAPE

Economic Performance

Government Efficiency

Business Efficiency

Infrastructure

Domestic Economy

International Trade

International Investment Employment Prices

Public Finance

Tax Policy

Institutional Framework Business Legislation

Societal Framework

Productivity & Efficiency Labor Market Finance

Management Practices

Attitudes and Values

Basic Infrastructure

Technological Infrastructure Scientific Infrastructure

Health and Environment Education

13

27

31 33

41

42

46 49 50 50

47

50 50

52 54

57

57 60

58

58

PEER GROUPS RANKINGS ASIA - PACIFIC (14 countries)

POPULATIONS > 20 MILLION (29 countries)

2017 2018 2019 2020 2021

2017 2018 2019 2020 2021

11

16

19

20

21

21

13

13

13

13

94

IMD WORLD COMPETITIVENESS BOOKLET 2021