Economic Growth
The Philippines’ economic recovery is expected to gain traction in 2022 and 2023, underpinned by rising domestic investment and consumption as pandemic restrictions eased, allowing for more manufacturing and construction activities.
GDP
Increased public investment in large, priority infrastructure projects will continue to boost growth, with the government aiming to sustain infrastructure spending at over 5.0% of GDP in 2022 from 5.8% in 2021.
BIMP-EAGA Coverage
In the Philippines, BIMP-EAGA covers the entire island of Mindanao and the island province of Palawan.
Mindanao and Palawan are part of the Greater Sulu–Sulawesi Corridor (GSSC), which also includes North Sulawesi in Indonesia and Sabah in Malaysia.