The Philippines’ manufacturing sector began at a high of of GDP in 2000, but experienced a steady decline over the following decades, reaching in 2022. This decrease reflects a gradual economic shift towards services, especially the booming business process outsourcing industry. Despite efforts to revive manufacturing, high energy costs, and infrastructure constraints have limited its competitiveness, pushing the country further towards service-driven economic growth.
For additional information, visit statistics on Philippines mortality rate, Philippines’ agriculture share in GDP, Philippines GDP data.
