The Philippines, officially the Republic of the Philippines, has one of Asia’s fastest-growing economies. It has transitioned from an agriculture-focused economy to one more based on services and manufacturing. With a high level of proficiency in English, the Philippines’ economy is also rapidly advancing in global services and trade.
Despite being the second-most populous country in Southeast Asia after Indonesia, its lower dependence on internal relations and stable domestic consumption has made the Philippines relatively resilient to global economic shocks.
The country’s primary exports include semiconductors, electronic products, transport equipment, garments, copper products. Its main export partners are Japan, USA, Hong Kong and China.
In 2020, the Advisory Board Centre mapped professionals currently serving on Advisory Boards. This assessment identified over 3,000 professionals on Advisory Boards in the Philippines.
Research has identified that the Advisory Board sector is emerging, and Advisors exist as a profession in the Philippines. As an emerging sector, advisory board professionals may have opportunities in key sectors including – manufacturing, mining and transportation – and are encouraged to stay open-minded to start-up and emerging industries.
There is a growing opportunity for professionals to increase participation in Philippines, by formalising Advisory Board structures and collaborating on a global scale. As this sector grows, it is important to note that best practice credentials will shift the market from informal to formal Advisory Boards over time.
|Population||108.1m||Labour Force by occupation|
|GDP by sector||Services||56.3%|
|Industry||30.6%||Global ease of doing business rank||120th|
|Services||59.8%||Global ease of doing business score||80.1/100|