COUNTRY PROFILE Philippines
Statistical tables Factor I: Economic Performance WORLD COMPETITIVENESS RANKING 2018 All data are available from the World Competitiveness Online. Visit our eshop 1
COMPETITIVENESS TRENDS - OVERALL PHILIPPINES OVERALL PERFORMANCE (63 countries) 42 41 42 41 CHALLENGES IN 2018 Investing Investing in quality in quality Infrastructure. Infrastructure. Increasing investment in human capital (health and education). Strengthening institutions. Increasing digital competitiveness. Mitigating political risks. Provided Asian Institute by: of Management, Rizalino S. Navarro Policy Center Asian Institute of Management, Rizalino S. Navarro Policy Center for Competitiveness, Makati City 50 BASIC FACTS Rank Capital Land area (square km '000) Manila 300 2017 Exchange Rate (per $) 50.404 2017 Population - market size (millions) 104.92 2017 9 Gross Domestic Product (GDP) (US$ billions) 313.4 2017 37 GDP (PPP) per capita (US$) 8,345 2017 62 Real GDP growth (%) 6.7 2017 5 Consumer price inflation (%) 3.18 2017 Unemployment rate (%) 5.70 2017 31 Labor force (millions) 42.78 2017 10 Current account balance (% of GDP) -0.80 2017 41 Direct investment stocks inward ($bn) 64.2 2016 49 Direct investment flows inward (% of GDP) 3.21 2017 21 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 24 52 48 32 45 34 15 54 19 39 33 34 55 PEER GROUPS RANKINGS ASIA - PACIFIC (14 countries) POPULATIONS > 20 MILLION (29 countries) 12 11 12 11 13 19 18 18 16 21 2
COMPETITIVENESS TRENDS - FACTOR BREAKDOWN PHILIPPINES ECONOMIC PERFORMANCE 37 34 38 26 50 Sub-Factor Rankings : 2017 Domestic Economy 12 International Trade 44 International Investment 47 Employment 4 Prices 52 2018 24 52 48 32 45 GOVERNMENT EFFICIENCY 40 36 36 37 44 Sub-Factor Rankings : 2017 Public Finance 25 Tax Policy 18 Institutional Framework 41 Business Legislation 58 Societal Framework 51 2018 34 15 54 BUSINESS EFFICIENCY 27 26 24 28 38 Sub-Factor Rankings : 2017 Productivity & Efficiency 52 Labor Market 5 Finance 33 Management Practices 28 Attitudes and Values 18 2018 19 39 33 34 INFRASTRUCTURE 59 57 55 54 Sub-Factor Rankings : 2017 Basic Infrastructure 57 Technological Infrastructure 42 Scientific Infrastructure 57 Health and Environment 49 Education 59 2018 55 3
WORLD COMPETITIVENESS DIGITAL RANKING 2018 All data are available from the World Competitiveness Online. Visit our eshop 4
DIGITAL TRENDS - OVERALL PHILIPPINES OVERALL PERFORMANCE (63 countries) Overall Alpha Alpha Factors Beta BetaLabel Gamma GammaLab Sub-Factors 1 2 2 2 2 2 2 4 4 4 2 2 6.5 4 4 2 2 8.5 4 4 2 2 10.5 4 4 2 2 50 48 52 50 Knowledge Talent Training & education Scientific concentration 56 58 43 52 Technology Regulatory framework Capital Technological framework 52 31 57 The direction of the triangle indicates the performance change from the last year: improved or stable declined Future readiness Adaptive attitudes Business agility IT integration OVERALL & FACTORS - 5 years OVERALL Knowledge Technology Future readiness 43 45 56 41 49 50 53 50 48 50 50 51 58 41 40 40 43 52 COMPETITIVENESS & DIGITAL RANKINGS Digital Competitiveness N.B. This graph provides only a comparison of the country s performance in the two rankings. 42 41 42 41 43 45 50 56 PEER GROUPS RANKINGS ASIA - PACIFIC (14 countries) POPULATIONS > 20 MILLION (29 countries) 10 11 11 11 12 16 17 17 18 23 5
u Overall top strengths w Overall top weaknesses FACTORS BREAKDOWN - STRENGHTS AND WEAKNESSES PHILIPPINES KNOWLEDGE Subfactors Talent 32 32 32 39 48 Training & education 55 57 55 54 52 Scientific concentration 29 49 53 50 Talent Rank Rank Rank Training & education Scientific concentration Educational assessment PISA - Math - Employee training 21 Total expenditure on R&D (%) 58 International experience 29 Total public expenditure on education 58 Total R&D personnel per capita 56 Foreign highly-skilled personnel 33 Higher education achievement 54 u Female researchers 8 Management of cities 58 Pupil-teacher ratio (tertiary education) 57 R&D productivity by publication 36 Digital/Technological skills 50 u Graduates in Sciences 5 Scientific and technical employment 49 Net flow of international students - Women with degrees 48 High-tech patent grants 15 TECHNOLOGY Subfactors Regulatory framework 56 58 59 62 Capital 39 33 28 29 43 Technological framework 41 47 48 50 52 Regulatory framework Rank Capital Rank Technological framework Rank w Starting a business IT & media stock market capitalization 35 w Communications technology 62 w Enforcing contracts Funding for technological development 51 Mobile Broadband subscribers 53 Immigration laws 30 Banking and financial services 31 Wireless broadband 57 Development and app. of technology 54 Investment risk 48 w Internet users 58 Scientific research legislation 52 Venture capital 48 w Internet bandwidth speed Intellectual property rights 54 u Investment in Telecommunications 12 u High-tech exports (%) 2 FUTURE READINESS Subfactors Adaptive attitudes 51 48 50 Business agility 21 23 23 23 31 IT integration 55 56 57 57 57 Adaptive attitudes Rank Business agility Rank IT integration Rank E-Participation 48 Opportunities and threats 29 E-Government 52 Internet retailing 57 u Innovative firms 10 Public-private partnerships 42 Tablet possession 56 Agility of companies 36 Cyber security 53 Smartphone possession 57 Use of big data and analytics 38 Sofware piracy 55 Attitudes toward globalization 30 Knowledge transfer 50 6
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