top of page

What is Manila's Economic State?

HD_transparent_picture.png

ECONOMY

Despite these issues, the country has seen remarkable economic progress over the past few decades. By 2028, the Philippine economy had already reached a value of $2 trillion. The nation's economic trajectory continued its upward trend, and by 2054, the economy is valued at $4.862 trillion, making it the 18th largest economy in the world.

 

Manila has previously succeeded in capitalizing on shifting supply chains driven by geopolitical risks, which can divert investors to new, more stable markets. For sustained economic growth, the Philippines has successfully eliminated bureaucratic red tape to attract foreign investments, thereby enhancing liquidity and overall economic stability.

Screen Shot 2024-05-15 at 9.05.10 PM.png

Informal Settlements

Over a quarter of Manila residents reside in informal settlements, which are often the poorest areas and at highest risk of displacement from natural disasters. This underscores the city’s larger income inequalities, which have maintained similar levels to how they were in the 2020s.

Manila Income By Neighborhood

bottom of page