Why the Philippines
Why the Philippines?
The Philippines is the largest Christian nation in Southeast Asia, and has the 2nd largest population, the 3rd fastest population growth rate, and huge underserved markets. In 2022, the Philippines had an impressive GDP growth rate of 7.6% — higher than its ASEAN neighbors Thailand and Indonesia, and its strongest economic growth rate in more than 40 years.
The 5th largest Christian population by 2060
By 2050, the Philippine economy is projected to grow to 16th largest economy in the world (source: HSBC).
By 2060, the Philippines is projected to have 152 million Christians, which will make it the 5th largest Christian nation in the world.
52% of the population under the age of 25
The Philippines’ golden age of growth is now beginning with 52% of its population under the age of 25 and 63% of its population of working age.
32% of its population is 0-14 years old, meaning that this demographic dividend will be sustained for decades more.
The Philippines requires more early-stage funding
Since 2019, the Philippines has increasingly been seen as a desirable destination for venture capital funds. Despite the impact of the pandemic, funds raised by Philippine startups increased by +143% from 2019-2020, and +179% from 2020-2021. Funds raised in 2021 alone exceeded USD 1 billion.
The Philippines scores high in terms of market reach (10/10) and talent (7/10), while funding remains a significant challenge (3/10).
