Philippines

Philippines

Factor-Driven Economy
Population: 102.2 million
GDP: $292.0 billion
GDP Per Capita: $2,858
SME Contribution to GDP:

Philippines Reports

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Report information
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  • Year of publication: 2015
  • Category: National Reports
  • Language: English
  • Upload date: 2017-06-28

  • The results of the 2015 Philippine APS and NES show the confidence of Filipinos on entrepreneurship as a mover to a better life and more progressive society. Although government policies, structure, and bureaucracy are seen as constraints on growth and sustainability of entrepreneurial undertaking, more than half of the population see business opportunity in the country and close to 70% believe that they have the necessary skills to seize the entrepreneurial opportunities in the economy. On the other hand, there is a high business closure rate mainly due to unprofitable business operations and difficulty in accessing financing to continue business operations.
  • URL: http://www.gemconsortium.org/report/49845
Philippine Entrepreneurship Report 2015-2016
Report information
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  • Year of publication: 2014
  • Category: National Reports
  • Language: English
  • Upload date: 2015-03-27

  • In 2013, Approximately 18.5 million Filipinos were starting or running a new business while close to 6.6 million Filipinos were engaged in a business for at least 3 1/2 years. Filipinos are confident that they have the capability and opportunity to engage in business. They have a very low perception of business failure. More men are engaged in start-up business but more women are enaged in established business. The capacity of Filipinos to start a business, large size of the Philippine domestic market, high regard of society in entrepreneurs are main drivers of entrepreneurship in the Philippines. On the other hand,  access to capital and capability to run and grow the business are two major barriers to entrepreneurs.

  • URL: http://www.gemconsortium.org/report/48869
GEM Philippines 2013 Report
Report information
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  • Year of publication: 2014
  • Category: National Reports
  • Language: English
  • Upload date: 2016-07-20

  • Entrepreneurship in the Philippines: 2014 Report considered more closely the prospects of micro and youth entrepreneurship in alleviating poverty and unemployment within the country. In the last few years, research particularly by Banerjee and Duflo at MIT’s Poverty Action Lab has suggested that some of the optimism about entrepreneurship as a bridge out of poverty in developing countries has been misplaced, and that entrepreneurial success is harder to come by than frequently believed. We find broad support for these ideas from the 2014 Philippine survey, and use this as an opportunity to rethink entrepreneurship strategy and policies in the country.
  • URL: http://www.gemconsortium.org/report/49561
GEM Philippines 2014 Report
Report information
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GEM Philippines 2006-07 Report
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