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, volcanoes, 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.

Average Monthly Earnings

Employment-to-Population Ratio

Unemployment Rate

Employment by Sector

Agriculture 22.9%
Industry 19.1%
Services 58.0%

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%

Schedule a Demo

Would you bike to work if given the opportunity? What if your employer provided you with a free bike or a free commuter ticket? Environmental sustainability is highly emphasized in this country, & employers are offering their employees rewards for choosing to bike or commute!

When doing business in various countries, ensuring that documents are translated appropriately is critical. Global People Strategist offers translation services to give you confidence when translating foreign documents! #InternationalTranslationDay #TranslationServices

By 2050, the United Nations projects that half of the world’s population growth will be concentrated in just 9 countries: India, Nigeria, the Democratic Republic of the Congo, Pakistan, Ethiopia, the United Republic of Tanzania, the United States of America, Uganda, and Indonesia

Today is the European Day of Languages which aims to encourage language learning for citizens all across Europe! More than 54% of European citizens currently speak more than one language! #EuropeanDayofLanguages #Europe #BusinessinEurope #Languages #BiLangual #GlobalBusiness

Did you Know? The ILO estimates that during the second quarter of 2020, 557 million workers worked from home, accounting for about 18% of the global workforce! Did you work from home in 2020? #InternationaLabourOrganization #ILO #RemoteWork #WorkFromHome #GlobalWorkforce

Load More...