With a 5.2% economic growth rate, the Philippines only ranks next to Vietnam (7.4%) and Malaysia (5.3%”) among Asian countries experiencing steady industrial and economic growth. Behind this enviable progress are certain industrial sectors that have driven the country’s economic growth for years. These industrial sectors show great potential for more growth even in 2025.
If you are an investor wondering what industries are growing in the Philippines and those with great investment opportunities, this article is for you. Peruse on as we dive into the list of industries that both economic optimists and pessimists agree on their potential for more growth and expansion in the future.
Top 6 Fastest Growing Industries in the Philippines
Here are the gold mines of industries in the Philippines to invest in.
Finance Industries
Financial services in the Philippines is a large gold mine that grows daily. It has attracted investors from countries like the United States of America and also helped to strengthen other economic sectors. Banking industries have expanded to the rural areas, increasing the number of adults in the areas with personal bank accounts.
In 2019, the population of adults with deposit accounts stood at 29%; this increased to 56% within 2 years in 2021. The figure is still going up, and it has the potential to surpass our predictions for 2025, creating a huge investment opportunity. The finance industry covers banks, e-wallets, insurance companies, and online banks.
Technology Industries - IT Sector
This is one of the fastest-growing industries in the Philippines. Going by the constant growth rate of 29%, the IT industry in the Philippines is expected to boost the economy by 12% in 2030. Artificial Intelligence, which is a sub-sector in the IT sector, is at the forefront of this economic forecast, as the whole world is gradually embracing AI. The IT industry in the Philippines presents numerous investment opportunities for investors in 2025 with its likely growth and expansion in the coming year.
While COVID led to the downfall of many industries, it paved the way for IT sector development in the Philippines as more people took to working remotely. The Philippines economy thrived under the leadership of the IT industry all through the pandemic.
Currently, the government has established programs like the Digital Philippines to enhance IT sector development in the Philippines further. The country also boasts a tech-savvy population of young people who are helping to promote the digitalization of processes in other sectors.
The Gambling Industry
Unknown to many foreigners, the gaming industry is among the fastest growing industries in the Philippines. It now has more casinos than Macau, a gambling giant in Asia, which makes much revenue from gambling. Metro Manila alone has over 20 casinos and others are still springing up. According to Andrea Domingo, PAGCOR Chairperson, “The Philippine casino industry has been growing rapidly, driven by increasing demand for gaming and entertainment.”
In addition to the increasing demand for games, there is also an appreciable increase in citizens’ awareness about casino games in general. Players have access to top-rated casinos and can learn more about all ph casinos by reading unbiased reviews online, especially on ecasinos.ph. The Filipino casino ecosystem is an ever-expanding one with plenty of opportunities for investors.
Renewable Energy and Natural Resources
With massive awareness of the harmful effects of hydrofuels on our environment, sustainable energy is no doubt the next big step. The Philippines is endowed with renewable energy sources like solar, geothermal, and the rest, presenting a good investment opportunity. Considering the country`s advantageous location in the typhoon belt and Pacific Ring of Fire, tapping into its renewable energy sources would be easy.
To cap it all, the country is currently experiencing a rapid increase in population, making energy as demanding as ever. This further presents renewable energy sources as a sure way to sustainable growth in the energy sector.
The Manufacturing Industry
This is not just one of the fastest growing industries in the Philippines; it is the giant industry at the forefront of the Philippines economy. The manufacturing industry contributes about 5 trillion to the country`s revenue. The European Chamber of Commerce of the Philippines’s Chairman, Tomas Zaleski, while appraising the manufacturing sector of the country said,
“We see the Philippines as a key market for manufacturing investments, driven by its growing economy, skilled workforce, and favourable business environment.”
Currently, the sector holds about 7% of the Philippines` labor force and contributes 19% of the country`s GDP. The industry produces 45% of the country`s exports which are semiconductors.
Conclusion
Having given you the answer to your question, what industries are growing in the Philippines. You are well equipped with the right knowledge of the industry to make strategic investments in the Philippines in the coming year.
We have scanned every nook and cranny of the Philippine economy and have gathered relevant data and statistics. Even the greatest economic pessimists will agree with us that the industries we have highlighted here are the real goldmine for investors in the Philippines.
