Why is the Philippines one of the fastest growing economies in Asia and the world today?

Looking forward to the future of business

Its no longer lagging behind its neighbors.   Its $3,800 GDP per capita behind Vietnam and Indonesia.   

PHL was keeping pace with India, Indonesia, Vietnam.

During the time of Benigno Aquino, growth neared 7%.  At the time of Duterte it was only 6%+

Who wants to be a millionaire?

Philippines - a great place to do business

Looking forward to the future of business

Let us do business in the Philippines.  A great place to do business:

1.  Strategically located in South East Asia along sea routes.

2.  Excellent port facilities

3   Large growing population (Japan, Korea have aging population)  - easy sourcing of HR

4.  Meaning it has large domestic place

5.  Nice beaches and resorts

6.  Nice resorts and casino hotels

7.  Robust economic growth among Asean countries. (and even vs China)

8.  Plenty of arable land (80% still unutilized vs say Singapore only 1% available agrii land)

No longer sick man of Asia.  Just a growing economy.  Not a tiger or leopard

Philippines could be 19th richest countries in the world - from Esquire and Price Water House

Professor on Entrepreneurship

Rizal Philippines
November 1, 2019

From Esquire Magazine

Inspiring ba?


In a surprising study by Price Waterhouse Cooper and published by Esquire Magazine, it is predicted that there will be 32 richest countries in the next  30 years, with Philippines in the top 32, number 19 and will come after Korea.  The paper mentioned that economy will double and the projection comes from purchasing power and GDP growth  By 2050, the world GDP will double in size...

Price Waterhouse Coopers study

This is very inspiring for many Pinoys.  From the bottom of ranking to the top 20.  And we will even overtake Thailand Malaysia, Spain, Canada, Italy, Australia,  imagine.....

USA and China would have been overtaken by India and Indonesia.

Is this possible?

The rankings:

32. Netherlands —            $1.496 trillion 

31. Colombia —                  $2.074 trillion

30. Poland —                    $2.103 trillion

29. Argentina —              $2.365 trillion

32. Netherlands —        $1.496 trillion 

31. Colombia —             $2.074 trillion

30. Poland —                $2.103 trillion

29. Argentina —           $2.365 trillion

28. Australia —            $2.564 trillion 

27. South Africa —      $2.570 trillion

26. Spain —                  $2.732 trillion

25. Thailand —             $2.782 trillion

24. Malaysia —            $2.815 trillion 

23. Bangladesh —       $3.064 trillion

22. Canada —              $3.1 trillion

21. Italy —                    $3.115 trillion

20. Vietnam —            $3.176 trillion

19. Philippines —      $3.334 trillion

18. South Korea —  $3.539 trillion

17. Iran —                  $3.900 trillion

16. Pakistan —         $4.236 trillion

15. Egypt —             $4.333 trillion

14. Nigeria —          $4.348 trillion

13. Saudi Arabia — $4.694 trillion

2. France —             $4.705 trillion

11. Turkey —             $5.184 trillion

10. United Kingdom — $5.369 trillion

9. Germany —         $6.138 trillion

8. Japan —             $6.779 trillion

7. Mexico —           $6.863 trillion

6. Russia —            $7.131 trillion

5. Brazil —            $7.540 trillion

4. Indonesia —     $10.02 trillion

3. United States — $34.102 trillion

2. India —              $44.128 trillion

1. China —               $58.499 trillion

Do you share the optimism?   As of now Philippine is considered as one of the top tourist destination, investment countries.    Large population, educated and English speaking workforce, modern infrastructures - airport, telecom, ports etc.  Trains will be on stream soon...  But that will take a lot of  will determination and hard work.  Let us be united...

We are to be cautious here though since our total GDP is only $300 b, and GDP per capita is only $8,000 more or less.   

But we will be there..

I had to check this article because I might violate FB community rules on true news...

US economy grows at a faster rate in 2013

Ateneo Professor on Entrepreneurship

 Actual was higher than the initial estimate
 

From Huff Post | Politics   | 12.20.2013

From Forbes

From WSJ on line news | December 20 2013

From Reuters.

US economy grew at 4.1% and consumer spending is stronger than expected and   business spending was up 4.8%  better than expected.  It is the fastest rate since 2011.  Equipment spending of business was 0.2 and is better than flat spending before.  Consumer spending grew at 1.2%.  Is the Fed stimulus working at last?

Are the US prophets of doom wrong?

I would like to think that US business is strong, but US politics and bureacracy sucks.  The latter affects business performance.

But this strong performance should boost the image of the current leadership of USA and maybe lift US out of its financial difficulties.