Four(4) Major Economic Indicators
of the Philippines🇵🇭 for 2024.
The Philippines🇵🇭 Bangko Sentral ng
Pilipinas (BSP) expects to record (FDI)
Foreign Direct Investments inflows of
US$9.5 Billion this year 2024.
Domestic Tourism (local Filipino Tourists)
excluding 1st. time foreign tourists visiting
in the Philippines🇵🇭 had risen to about
Php2.9 Trillion pesos which is equivalent
to US$51.785 Billion dollars for 2024.
Its robust investment grade "A- rating
from the Japanese-based Agency(R&I)
Rating and Investment Information, Inc.,
dynamic services sector and higher
public investment are attracting more
foreign direct investments.
As of June 2024, the Philippines🇵🇭
Department of Trade and Industry (DTI)
reported a total of US$19 Billion dollars
worth of project are now in its in
investment Promotion Agencies (IPAs)
stemming from the sustain aggressive
promotion of our Philippine President
Ferdinand Marcos, Jr. to foreign investors.
Among the 65 projects, 12 (twelve) have
commenced operations, 21 have registered
with the Philippines Board of Investments
(PH-BOI) and (PEZA)Philippine Export Zone
Authority and 32 are in the process of
registering with the Philippines
Department of Trade and Industry (DTI) -
IPA (Investment Promotion Agency).
1.The Philippines has a population of
over 117 million people at the end 2023,
making it the 13th. (thirteenth) most
populous country in the world.
And by year 2028, the Philippines🇵🇭
total population will increase to 125
million people.
About that time, 105 million Filipinos
will now belong to the new middle
income-class segment of the country's
population, which is equivalent to 84%
(eighty-four percent) of the total
population and will then represent the
country's majority total population.
About that time, 10% of the Philippines
population equivalent 12.5 million
Filipinos will now belong to new high
income class segment.
2.In terms of economy, its 2023 total
combined exports for both finished
goods and services reached a total
of US$103.6 Billion.
3.The Philippines🇵🇭 is the 4th. biggest
and largest shipbuilders in the World
after the 3-countries of China🇨🇳,
South Korea🇰🇷 and Japan🇯🇵.
The Philippines allows 100% foreign
ownership of businesses in the
manufacturing sectors.
4.For the past 8-months, the Philippines🇵🇭
Manufacturing Purchasing Managers'
Index registered a consistent ratings
above the industry's PMI 50 points.
The Philippines PMI averages 51 points
since the start of January 2024 until
the month end of August 2024.
It means the Philippines Manufacturing
Industry continuous to experienced a
strong expansions in all sector indicating
a robust and healthy economic activities.
#PartnerInthePhilippines
#BrighterPossibilities
#PhilippineEconomy
#Philippines2024
#Philippines
#Switzerland
#SwissChamPhilippines
#WorkingTogetherToStrengthenEconomies
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