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PH seen entering top-20 economies

Manila Bulletin

|

February 20, 2026

The Philippines is poised to climb the ranks of the world's 20 largest economies in the coming decades, yet persistent governance challenges could temper its growth, according to London-based think tank Capital Economics.

- BY RICARDO M. AUSTRIA

In its Long-Run Economic Outlook 2026 report released on Feb. 18, Capital Economics projected the Philippines will rise from 30th place in 2025 to become the 19th-largest economy globally by 2050 in nominal gross domestic product (GDP) terms.

The Philippines' nominal GDP is expected to grow by an average of 5.1 percent annually from 2031 to reach $3.51 trillion in 2050.

"We are also reasonably upbeat about the prospects for Indonesia, Bangladesh, and the Philippines," Capital Economics said, such that "Vietnam, the Philippines, and Bangladesh will have all entered into the top 20" 25 years from now.

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