Finance Secretary Frederick D. Go underscored that the Philippines’ inaugural inclusion in the Organisation for Economic Co-operation and Development (OECD) Economic Survey reflects growing global confidence in the country’s sound policies.

“The Philippines has consistently remained as one of the fastest-growing emerging markets over the past 15 years, outpacing ASEAN-4 economies and G20 emerging markets. And we owe this growth to our young and dynamic population—the backbone of our economy which fueled domestic consumption,” Secretary Go said.

According to the OECD report, the Philippine economy has grown at an average of over 6% annually since 2011, while the ASEAN-4 grew at around 5% and G20 emerging markets grew at just under 4%.

“The Philippines has made exceptional progress in securing strong growth and boosting incomes, living standards, and opportunities in recent decades,” OECD Secretary-General Mathias Cormann said in his remarks.

The Philippines joined the survey for the first time, participating alongside ASEAN peers Thailand, Indonesia, Malaysia, and Vietnam.

OECD Economic Surveys are periodic reviews that provide a comprehensive analysis of economic developments, highlighting key challenges and offering policy recommendations.

Last year, the Department of Finance (DOF) led discussions and coordination with other government agencies for the drafting of the economic survey. The review was held from March 24, 2025 to January 30, 2026.

The survey highlighted priority reforms in competition, trade and investment, public governance, labor markets, and climate policy.

According to Secretary Go, the survey provides a timely, evidence-based perspective on how the country can accelerate strong and inclusive growth through sound macroeconomic management and focused structural reforms.

“This aligns closely with our policy direction. The government is now, more than ever, committed to such reforms,” he said.

Under the Marcos, Jr. administration, the Philippines has transformed into a premier investment destination with the enactment of economic liberalization laws, strengthened public-private partnerships (PPPs), modernized trade facilitation, and enhanced regulatory quality.

Access the full report: https://www.oecd.org/en/topics/sub-issues/economic-surveys/philippines-economic-snapshot.html