Oxford Economics: 10 emerging markets will dominate the global economy in the next decade 2019-2028

  • Most of the top 10 fastest growing emerging market economies are in Asia, in line with expectations that the region is the future of the global economy.
  • The Philippines is set to have the highest increase in its labour force of any of the top 10 which, alongside its GDP growth of 5.3% which is following only the top performer India.

Source: Business Insider

Data: Oxford Economics

Philippines rank 2018 No. 1 Best Country to Invest In

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.

Foreign Investments in the Philippines surge 49% in 2018

Foreign direct investments (FDI) continued to surge into the country for the January-May 2018 period, with registered net inflows hitting $4.8 billion, or a growth of 49 percent from the comparable period in 2017, the Bangko Sentral ng Pilipinas (BSP) said.

Record-breaking Foreign Investments in the Philippines in 2017

The central bank of the Philippines registered a record-breaking $10-billion worth of net foreign direct investments (FDI) in 2017, up 21.4 percent year-on-year, with all major components posted positive on sustained investor confidence in the country’s economic growth path.

Philippine investment boom stands out in Southeast Asia

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.

https://www-bloomberg-com.cdn.ampproject.org/c/s/www.bloomberg.com/amp/news/articles/2017-11-28/an-investment-boom-in-philippines-leaves-neighbors-in-the-dust

PH Economy Grows 6.9% in 3Q 2017

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.

https://www.entrepreneur.com.ph/news-and-events/ph-economy-grows-6-9-in-3q-surpassing-china-but-outpaced-by-vietnam-a00178-20171116?utm_source=Facebook-Entrep&utm_medium=Ownshare&utm_campaign=20171116-fbnp-news-and-events-by-vietnam-fbfirst

The world’s biggest economies in 2017 and in 2050

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.