About Philippines


  • The current population of the Philippines is 107,578,605 as of Monday, March 4, 2019, based on the latest United Nations estimates.
  • The Philippines population is equivalent to 1.4% of the total world population.
  • The Philippines ranks number 13 in the list of countries (and dependencies) by population.
  • The population density in the Philippines is 363 per Km2 (939 people per mi2).
  • The total land area is 298,170 Km2 (115,124 sq. miles)
  • 44.4 % of the population is urban (48,051,350 people in 2019)
  • The median age in the Philippines is 24.3 years.
Source: www.worldometers.info


  • The Philippine economy, among the fastest growing in Asia, is seen expanding by 6.4 percent in 2018 and 6.5 percent in 2019, a tad lower versus the October forecast of 6.5 percent and 6.7 percent.
  • The government targets GDP growth of 6.5-6.9 percent this year, down from the previous 7-8 percent growth goal. The annual growth target for 2019-2022 has been kept at 7-8 percent.
Source: www.reuters.com


  • The manufacturing industry in the Philippines is the top contributor to the country's economic growth, while the food and beverage (F&B) sector is among the largest contributors within the manufacturing industry.
  • The F&B sector accounted for 10% of GDP and for 51.2% of the nominal gross value added (GVA) of the Philippine manufacturing industry in 2017, according to official data from the Philippine Statistics Authority (PSA).
  • The performance of the F&B sector is shaped by food manufacturing, with beverage production accounting for just 4.2% of the total value added of manufacturing.
  • Strong food industry. 30% of the economy is based on agriculture which, besides supplying the Philippines is also export oriented therefore needs for the latest processing and packaging automation and technology are in high demand
  • Food sales are forecast to rise by a steady 8.6% a year over the next five years from 2017 to 2021
  • Sales of fish and fish products are forecast to grow by an average of 11.2% a year through to 2021 to PHP1,334.6bn. This is the Philippines largest food segment
  • Sales of meat, dairy, fruit and vegetables are also forecasted to see strong growth
  • Strong growth in sales of carbonated drinks are forecast at 10.2% a year through to 2021. In terms of overall sales, fruit and vegetable juices are the largest segment with PHP142.0bn and carbonated drinks ranked second with PHP142.0bn
  • Coffee, tea and other hot drinks will see robust growth averaging 10.3% a year through to 2021, to reach PHP223.0bn
  • Modern grocery retailers remain the key distribution channel for packaged food in the Philippines
Source: www.marketwatch.com