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The Philippines has been one of the most dynamic economies in the East Asia and Pacific region. Its economic dynamism reflects increasing urbanization, a large and young population, and strong consumer demand, supported by a vibrant labor market and robust remittances, which have raised the incomes of the most vulnerable. The private sector remains buoyant, with a rapidly expanding services sector, including business process outsourcing, wholesale and retail trade, and tourism.

Source: World Bank



Vos conseillers auprès de la Chambre de Commerce

Regina Khvastunova

Contactez-nous: asia@cc.lu


Indicateurs clés

Surface
300,000 km2
Population
117,164,094 (2025)
Type de gouvernement
presidential republic
Langues
Filipino (official; based on Tagalog) and English (official); eight major dialects - Tagalog, Cebuano, Ilocano, Hiligaynon or Ilonggo, Bicol, Waray, Pampango, and Pangasinan
PIB
494.16 billion (2025)
Taux de croissance
5.4% (2025)
HDI
107
Capitale
Manila

Indicateurs macroéconomiques

Growth is likely to remain robust in the Philippines and be among the fastest in the region despite global slowdown and increased trade policy uncertainty, thanks to strong domestic demand, underpinned by stable inflation and monetary policy easing; sustained public investment, despite ongoing fiscal consolidation; and the effects of recent investment policy reforms, which could boost private investment. Over the medium and long term, the government is committed to making large investments in both human and physical capital to boost inclusive growth. Sustainably financing its inclusive growth ambitions and achieving the medium-term fiscal targets will require accelerating revenue mobilization efforts, however. Recently passed tax policy reforms that broadened the tax base will contribute to a marginal increase in tax revenues in 2025.

Source: The CIA World Factbook - Economic overview Philippines

IMF Statistics:

Subject descriptor 2022 2023 2024 2025 2026

All Items, Consumer price index (CPI), Period average, percent change

Percent

(Units)

5.821

5.978

3.213

1.659

4.273

Current account balance (credit less debit), Percent of GDP

Percent

(Units)

-4.516

-2.834

-4.022

-3.344

-4.350

Current account balance (credit less debit), US dollar

US dollar

(Billions)

-18.261

-12.387

-18.565

-16.291

-22.283

Exports of goods and services, Volume, Free on board (FOB), Percent change

Percent

(Units)

12.641

6.817

5.237

9.821

2.051

Gross domestic product (GDP), Constant prices, Percent change

Percent

(Units)

7.581

5.519

5.692

4.403

4.066

Gross domestic product (GDP), Current prices, Per capita, US dollar

US dollar

(Units)

3644.792

3905.419

4089.270

4270.136

4442.551

Gross domestic product (GDP), Current prices, US dollar

US dollar

(Billions)

404.353

437.055

461.617

487.161

512.222

Imports of goods and services, Volume, Cost insurance freight (CIF), Percent change

Percent

(Units)

14.814

0.156

6.434

4.521

-5.496

Unemployment rate

5.400

4.358

3.817

4.208

4.718

Estimates

Source: World Bank


Le Luxembourg et le pays

Existing conventions and agreements

Non double taxation agreement

In order to promote international economic and financial relations in the interest of the Grand Duchy of Luxembourg, the Luxembourg government negotiates bilateral agreements for the avoidance of double taxation and prevent fiscal evasion with respect to Taxes on Income and on fortune with third countries.

None

Air Services agreement

  • Agreement from 21.11.2001

Source: Administration des contributions directes


Informations supplémentaires

Contact points in Philippines

Embassy of the Grand Duchy of Luxembourg in Philippines

Ambassador with residence in Tokyo: H.E. Mr. Michel LEESCH

Luxembourg House 1F
8-9 Chiyoda-Ku Yonbancho
Tokyo 102-0081
Japan

Tel.: (+81) 3 3265-9621
Fax: (+81) 3 3265-9624
E-Mail: tokyo.amb@mae.etat.lu
 

Honorary Consuls

Competent post for consular affairs by the Embassy of the Kingdom of Belgium in Manila

Honorary Consul with Jurisdiction over the Philippines:

Mr Lutz KUNACK

308 Mango Drive
Ayala Alabang Village
Muntinlupa City
1780
Philippines

Tel.: (+63) 2 617 0019
E-Mail : manille@consul-hon.lu 

Source: Ministry of Foreign Affairs of Luxembourg

Other Useful links


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