SEA Health Tech Investment Insights

The Philippines - Key Indicators [Indicators are for year 2019 unless otherwise stated] Economic Indicators GDP (PPP current int'l $): 1,003 bn GDP growth rate: 6.0% GDP per capita (PPP current int'l $): 8,908 GDP per capita (current US$): 3,485 Unemployment (ILO estimate): 2.2% Population below poverty line (2017): 21.6% Ease of Doing Business ranking: 95th (out of 190) Procedures to register a business: 13 Cost of business start-up procedures (% of GNI per capita): 23.3% Mobile subscriptions / 100 inhabitants: 155 Internet users as % of population: 43% Broadband subscriptions / 100 inhabitants: 3.87 Demographic Indicators Population (2020 est.): 109.18m Population growth rate (2020 est.): 1.52% Languages: Filipino (based on Tagalog), English Urban population: 50.98m (47% of total) Philippines age breakdown (2019) Percentage 35% 30.48% 30% 27.53% 19.98% 13.68% 25% 20% 15% 10% 5% 0% 0-14 15-29 30-44 45-59 60-74 75+ Age (range) 6.66% 1.68% Healthcare Indicators INSEAD Healthcare expenditure as % of GDP (2017): 4.45% Healthcare expenditure per capita (2017, current US$): 132.90 USD Human Development Index ranking: 106th (out of 189) Life expectancy at birth: 70 years Infant mortality rate: 20 deaths/1,000 live births Physician density: 0.6 physicians/1,000 population Hospital bed density: 1 bed/1,000 population Private sector share of hospital beds (2016): 53% Major causes of death: 1) Heart disease, 2) Stroke, 3) Lower respiratory infection, 4) Chronic kidney disease, 5) Tuberculosis Sources: CIA Factbook, World Bank 44

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