The Philippine government is actively courting foreign investment, focusing on key sectors like resources, infrastructure, and the green energy transition. The move comes as the Philippines stands out as one of Southeast Asia’s fastest-growing economies, achieving 5.6% GDP growth in 2024, driven by increased household and government spending, robust imports and exports, and thriving industrial and services sectors.
The government has set ambitious targets of 6-8% annual growth from 2025 to 2028. These targets will be supported by ongoing infrastructure investments, improvements to the business environment, and efforts to enhance national competitiveness.
A report titled “Invested: The Philippines to 2040 – Opportunities and Pathways for Australian Investors” highlights these reforms and the country’s economic strengths, pinpointing opportunities for Australian investors in particular.
Key sectors identified for investment include resources, infrastructure, green energy, education and skills, the digital economy, and agriculture and food. These sectors are crucial for the Philippines’ ongoing economic transformation. The country’s expanding consumer base, fueled by rising disposable incomes and a growing middle class, presents additional opportunities for foreign investors looking to tap into the dynamic Southeast Asian market.
