IMD World Competitiveness Booklet 2020

COMPETITIVENESS TRENDS - OVERALL PHILIPPINES

OVERALL PERFORMANCE (63 countries)

BASIC FACTS Capital Land area (square km '000)

Rank

Manila

2016 2017 2018 2019 2020

300 2019

51.796 2019 108.27 2019 359.4 2019 9,487 2019 5.9 2019 2.48 2019 5.06 2019 44.69 2019 -0.13 2019 83.0 2018 2.97 2018

Exchange Rate (per $)

41

42

45

46

50

9

Population - market size (millions)

CHALLENGES IN 2020 Mitigating Covid-19’s economic impacts and adjusting to the “new normal”. • Mitigating Covid-19’s economic impacts and adjusting to the “new normal”. • Preparing the healthcare system for possible succeeding waves of Covid-19. • Ensuring adequate and prompt aid to vulnerable households and businesses. • Quickly resuming the government’s “Build, Build, Build” infrastructure investment program. • Reviving business and consumer confidence.

35

Gross Domestic Product (GDP) (US$ billions)

60

GDP (PPP) per capita (US$)

2

Real GDP growth (%)

41

Consumer price inflation (%)

33

Unemployment rate (%)

9

Labor force (millions)

35

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

18

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

10

14

26

29

30

33

37

37

43

44

45

48

48

48

53

55

57

59

60

61

PEER GROUPS RANKINGS ASIA - PACIFIC (14 countries)

POPULATIONS > 20 MILLION (29 countries)

2016 2017 2018 2019 2020

2016 2017 2018 2019 2020

11

12

16

18

19

20

21

13

13

13

95

IMD WORLD COMPETITIVENESS BOOKLET 2020