Table of Contents
What is the GDP of the Philippines 2021?
373.00 USD Billion
GDP in Philippines is expected to reach 373.00 USD Billion by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Philippines GDP is projected to trend around 379.00 USD Billion in 2022, according to our econometric models.
Why investors prefer Vietnam over the Philippines?
MANILA – Some foreign investors choose Vietnam over the Philippines due to concerns over infrastructure and ease of doing business, a European trade group said Friday. The Philippines and Vietnam lead Southeast Asia in terms of economic growth and are expanding at clips that challenge China and India.
How big is Vietnam compared to Philippines?
Vietnam is around the same size as Philippines. Philippines is approximately 300,000 sq km, while Vietnam is approximately 331,210 sq km, making Vietnam 10\% larger than Philippines. Meanwhile, the population of Philippines is ~109.2 million people (10.5 million fewer people live in Vietnam).
What is GDP of Philippines now?
$431.2 billion
Economy of the Philippines
| Statistics | |
|---|---|
| GDP | $431.2 billion (nominal, 2021 est.) $1.077.43 trillion (PPP, 2021 est.) |
| GDP rank | 34th (nominal, 2021) 27th (PPP, 2021) |
| GDP growth | 6.3\% (2018) 6.0\% (2019) -9.5\% (2020) 7.1\% (2021) |
| GDP per capita | $3,646 (nominal, 2021 est.) $9,247 (PPP, 2021 est.) |
What is the GDP of the Philippines 2020 percentage?
9.57\%
| Characteristic | GDP growth compared to previous year |
|---|---|
| 2020 | -9.57\% |
| 2019 | 6.12\% |
| 2018 | 6.34\% |
| 2017 | 6.93\% |
Why is Vietnam a good investment?
In an effort to encourage more investment in the country, the Vietnamese government offers foreign companies incentives to invest in Vietnam. For instance, multinational companies can enjoy tax exemption including import duty, corporate tax and land use tax if they invest in healthcare or high-tech sectors.
Why is Vietnam an attractive investment destination in the region?
Some are due to its political stability, steady economic growth, abundant workforce, vast market, increasing per capita income, extensive international integration, competitive incentives, and geographic location in the heart of Southeast Asia, Vietnam has been regarded as a bright spot in ASEAN by investors.