Philippines

Philippines – May 2021

The Philippines is the 33rd largest economy in the world, and 3rd largest in ASEAN after Indonesia and Thailand. The Philippines outperforms emerging Asian economies on measures of creditworthiness and GDP growth, but still lags peers on indicators of per capita incomes and the business climate.

This chart is a cobweb diagram showing how a country measures up on four important dimensions of economic performance—per capita income, annual GDP growth, business climate and creditworthiness. Per capita income is in current US dollars and is the five-year average between 2021 and 2025 as provided by the IMF. Annual GDP growth is the five-year average between 2021 and 2025. Business climate is measured by the World Bank’s latest Ease of Doing Business ranking of 190 countries. Creditworthiness attempts to measure a country's ability to honour its external debt obligations and is measured by its OECD country credit risk rating. The chart shows not only how a country performs on the four dimensions, but how it measures up against other regional countries.