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Browse Profiles > Philippines > Business Indicators

	Score	Rank
Standards Compliance Index	52.50 out of 100	26
Business Indicator Index	5.82 out of 12	64

Philippines

Business Indicators

With an overall score of 5.82/12, the Philippines is below standard on the economic, legal, and political indicators that make up our Business Index. The Philippines has a market-based, statist economy, in which total government expenditure, including consumption and transfer payments, is moderate. Government spending equaled 26.7 percent of GDP, and 29.4 percent of government revenues came from state-owned enterprises and government ownership of property. Although the Philippines encourages foreign investment to increase economic development, foreign investors are restricted from many sectors and there are numerous restrictions on foreign investment. Tax incentives are offered to promote investment. Property rights are weakly enforced, partially due to a corrupt judicial system. The presence of communist and Islamic terrorists and criminal gangs is also deters investment. Corruption is extensive, as reflected in the Philippines ranking of 131st out of 180 countries in Transparency International's 2007 Corruption Perceptions Index.

Business Indicators

Forex Regulations - Capital Controls

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