According to US News & World Reports, the Philippines ranked number one destination for investment in 2018.
More than 7 thousand islands in the Southeast Asian area comprise the tropical nation of the Philippines.
With more than 100 million people, it’s the 13th most populous nation in the world.
English in an official language used in the schools; the country is the third-largest group of English speakers in the world.
Religion is marked by a 92% large majority of people being adherents of the Christian faith.
The Philippines are a member of major international organizations, including the UN, the ASEAN and the WTO, among others.
As an emerging economy, it stands out of the Southeast Asian countries with stable and solid macroeconomic fundamentals, together with remarkable GDP growth during the last years.
GDP is mostly given by remittances from Overseas Filipino Workers, Real Estate and Business Process industries, with strongly growing Tourism.
It’s currently a stage of huge investments for the Country’s infrastructures and it’s opened to direct foreign investments.
Most of the main steps forward in the human and science evolutions happened facing strong ostracism and skepticism of authorities and experts. For sure it’s currently the most attractive and discussed financial business.
http://fortune.com/2017/12/06/bitcoin-price-13000/
Investment firing up adds another engine to the economy, headed for a sixth year of growth exceeding 6 percent and among the world’s best performers.
Government plan is to build a network of railroads and highways across the archipelago in an ambitious $180 billion infrastructure program.
Surpassing expectations, the Philippine economy grew by 6.9 percent in the third quarter from year-ago levels, up from the 6.7-percent growth rate it recorded in the preceding quarter, the Philippine Statistics Authority (PSA) reported.
Driven by strong manufacturing, trade, real estate and renting-related business activities, the uptick in GDP made the country among the fastest-growing economies in the region.
The chart above shows the world’s 40 biggest economies individually, but grouped by colour into continents.The Asian bloc clearly has a larger share than anywhere else, representing just over a third (33.84%) of global GDP. That’s compared to North America, which represents just over a quarter, at 27.95%. Europe comes third with just over one-fifth of global GDP (21.37%). Together, these three blocs generate more than four-fifths (83.16%) of the world’s total output.Brazil’s economy has contracted in the last year by 3.5%, the only one in the top 10 to do so.
The charts below show the world we should expect in the future, basing on PWC report released in February 2017.
Sources: World Economic Forum and PWC report.
