IMD World Competitiveness Booklet 2022

Competitiveness Country Profiles

Philippines Competitiveness Trends – Overall

OVERALL PERFORMANCE (63 countries)

BASIC FACTS

Rank

2018

2019

2020

2021

2022

Capital Land area (square km '000)

Manila

300 2021

45

46

49.255 2021

48

Exchange Rate (per $)

50

110.20 2021 08 393.6 2021 34 9,175 2021 61 5.6 2021 27 3.93 2021 43 7.76 2021 45 47.69 2021 08 -1.76 2021 44 103.2 2020 44 1.82 2020 28

52

Population - market size (millions)

Gross Domestic Product (GDP) (US$ billions)

CHALLENGES IN 2022

GDP (PPP) per capita (US$)

• Implementing effective post-pandemic economic recovery strategies while strengthening fiscal responsibility. • Regaining lost momentum in poverty reduction and inclusive economic development. • Promoting innovative governance and a smooth post- election transition of power. • Building resilient and future-ready health and education systems. • Investing in sustainable infrastructure and reducing climate change vulnerability.

Real GDP growth (%)

Consumer price inflation (%)

Unemployment rate (%)

Labor force (millions)

Current account balance (% of GDP)

Direct investment stocks inward ($bn)

Direct investment flows inward (% of GDP)

PROVIDED BY: Asian Institute of Management, Rizalino S. Navarro Policy Center for Competitiveness

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

15

19

28

41 41

42

45

48

51

52

52

53 52 50 56

58

58 60

59

PEER GROUPS RANKINGS ASIA - PACIFIC (14 countries)

POPULATIONS > 20 MILLION (27 countries)

2018

2019

2020

2021

2022

2018

2019

2020

2021

2022

18

19

19

20

20

13

13

13

13

13

95