Philippines Overview

The Philippines is largely an agricultural country. Its economy is based on free enterprise; individuals and nongovernmental entities are free to participate in its development and management, sometimes with the aid of government credit.


Landscape and growth

Global State of the Market Report

In 2022, the Advisory Board Centre mapped professionals currently serving on Advisory Boards. This assessment identified over 3,500 professionals on Advisory Boards in the Philippines.

Advisory Board Landscape

The assessment has identified low numbers of Advisory Board professionals in the Philippines. Minimal participation in the market may indicate:

  • That Advisory Board structures engaged in the country are informal in nature;
  • Advisory Boards are referred as a different name, such as committees, councils or think tanks;
  • Traditional sourcing of advice is more customary for the Philippines’ current business environment; or
  • There is a language barrier stemming from the search for Advisory Board professionals being in English.

Future Growth Opportunities

As an emerging sector in the Philippines, connection and collaboration with the global Advisor community will present strong future growth opportunities. Further, focusing on key market sectors – agriculture, minerals and electronics – as well as acknowledging start-up and emerging industries are essential. It will also be important for Advisory Board professionals in market to be credentialed to best practice and ethics as this sector grows over time.

Key Statistics

Population 113.53 million
GDP $394,086 USD million
Labour Force by occupation
GDP by sector
Import $148,804 USD million
Export $101,447 USD million
Global ease of doing business rank 113th
Global ease of doing business score 58.74/100