The Venture Capital & Private Equity
Country Attractiveness Index
Alexander Groh, Heinrich Liechtenstein, Karsten Lieser and Markus Biesinger

Philippines  
Rank: 40 · Score: 54.5  

Basic facts        
Population (millions) 115.6   IPOs and pulic issues (quartile) 3rd
GDP (US$ billions) 404.1   M&A volume (quartile) 3rd
GDP per capita (US$) 3,497.1   Venture capital investments (quartile) 3rd
GDP growth (per cent) 6.0   Private equity investments (quartile) Top
 
 
 
Performance Overview
Indicator   Rank / 125 Rank Trend Score
VC/PE Country Attractiveness Index 40 69, 75, 81, 84, 85 54.5
1 Economic Activity 15 114, 81, 108, 109, 110 86.8
2 Depth of Capital Market 28 90, 91, 94, 98, 97 66.7
3 Taxation 70 33, 35, 29, 42, 55 89.0
4 Investor Protection and Corporate Governance 85 30, 33, 40, 40, 40 55.5
5 Human and Social Environment 71 57, 52, 53, 52, 54 29.9
6 Entrepreneurial Opportunities 74 36, 45, 48, 47, 51 41.6


 
Historic performance, 2019-2023   Key driver performance, 2023
 

   
VC/PE Rank  
VC Rank  
PE Rank
Philippines  
Asia
 
 
 
Peer Group Comparison
 
Regional Peers Economic Activity Depth of Capital Market Taxation Investor Protection and
Corporate Governance
Human and Social
Environment
Entrepreneurial
Opportunites
Taiwan 83.3 77.1 100.9 86.0 53.5 55.9
Thailand 87.8 77.2 96.8 75.4 30.6 65.1
Indonesia 91.8 76.9 91.3 55.3 27.7 48.6
Philippines 86.8 66.7 89.0 55.5 29.9 41.6
Pakistan 77.2 56.3 67.0 60.7 29.3 48.0
Kazakhstan 80.2 40.0 102.2 78.2 29.8 44.2
Vietnam 87.0 36.9 98.3 51.7 29.4 50.1
Last updated: 4 Nov 2023