Philippines is well resourced in timber, gold, copper, nickel, cobalt, petroleum, silver, and salt. 41 percent of its land is for agricultural use and 26 percent is forested. The islands are continually battered by tsunamis, cyclones, volcanies, landslides, and earthquakes. Politically, the Philippines have faced a number of administrative coups and corruption allegations, as well as terrorist threats from Maoist-inspired groups, ISIS-Philippines terrorists, the Moro groups and “tension with China over disputed territorial and maritime claims in the South China Sea.”.

The country has seen a growth in GDP per capita from an estimated $7900 in 2016 to $8300 in 2017. Services are the biggest economic sector in the Philippines with about 60 percent GDP share, ,followed by industry at 30 percent and agriculture at 10 percent. In 2017 Philippines came in third, after China and Vietnam, in regional economic growth. However, it dropped 0.2 points from 2016’s 6.9 percent growth rate. Exports increased, and it was able to pass its first tax reforms in 2017, which are estimated to generate an added $1.53 billion.

Request a Demo

  • This field is for validation purposes and should be left unchanged.

Average Monthly Earnings

Employment-to-Population Ratio

Unemployment Rate

Employment by Sector

Agriculture 36.1%
Industry 11.8%
Services 52.2%

Employment Distribution by Education

Age 15+

Less than Basic 1.4%
Basic 68.7%
Intermediate 4.9%
Advanced 25.0%
Level Not Stated 0%

Age 15-24

Less than Basic 0.8%
Basic 70.7%
Intermediate 4.8%
Advanced 23.7%
Level Not Stated 0%

Age 15-64

Less than Basic 1.2%
Basic 68.1%
Intermediate 5.1%
Advanced 25.6%
Level Not Stated 0%

Age 25+

Less than Basic 1.5%
Basic 68.3%
Intermediate 4.9%
Advanced 25.2%
Level Not Stated 0%

Payroll in Colombia is complicated – know the local regulations before you begin paying employees to avoid fines and penalties. Learn more: https://t.co/ylSmqhq7TB

Employment contracts are changing in Italy – learn how fixed contracts will be phased out to benefit employees: https://t.co/8IEBTFslr1

Don’t let HR compliance get in your way of success overseas! Our customized research tools, employment documents get you on the right track: https://t.co/6Ls0JTGoF1

Every country has unique labor and employment laws – learn more before you start a business or hire employees overseas: https://t.co/96rVcWHtcO

Before you expand into a new country, get the latest labor law regulations and business requirements to ensure compliance: https://t.co/Y2XDhaWg8t

Load More...