Philippines: Economy

The Philippine economy posted solid growth last year in 2015 generated by strong domestic demand, despite drag from net exports. Growth is projected to pick up with higher investment and consumption. Inflation is forecast to rise moderately as dry weather from El Niño presses upward on food prices and utility rates. Sustaining strong growth will require policy continuity supporting the development of infrastructure and human capital, improvements to the investment climate, and governance reform. Read more from Asian Development Outlook 2016

Economic forecasts for Southeast Asian countries

Country 2016 2017
Brunei Darussalam 1.0 2.5
Cambodia 7.0 7.1
Indonesia 5.2 5.5
Lao People’s Dem. Rep. 6.8 7.0
Malaysia 4.2 4.4
Myanmar 8.4 8.3
Philippines 6.0 6.1
Singapore 2.0 2.2
Thailand 3.0 3.5
Viet Nam 6.7 6.5
Average 4.5 4.8
Country 2016 2017
Brunei Darussalam 0.2 0.4
Cambodia 2.5 3.0
Indonesia 4.5 4.2
Lao People’s Dem. Rep. 1.8 2.5
Malaysia 2.7 2.5
Myanmar 9.5 8.5
Philippines 2.3 2.7
Singapore -0.6 0.4
Thailand 0.6 2.0
Viet Nam 3.0 4.0
Average 2.6 2.9
Country 2016 2017
Brunei Darussalam -1.3 2.0
Cambodia -11.1 -10.0
Indonesia -2.6 -2.8
Lao People’s Dem. Rep. -17.0 -20.0
Malaysia 1.2 2.3
Myanmar -8.3 -7.7
Philippines 2.7 2.8
Singapore 18.8 19.5
Thailand 7.5 4.0
Viet Nam -0.2 0.0
Average 2.8 2.7

Source: Asian Development Outlook 2016

 

 
This page was generated from https://www.adb.org/countries/philippines/economy on 26 September 2016