Philippines

Economic Freedom Rating, 5-Yr Change - Philippines Compared to Continent

Footnote

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North Korea	-66.25%
Turkmenistan	-15.54%
Myanmar	-11.95%
Cambodia	-11.81%
Bangladesh	-8.96%
Philippines	-7.31%
Sri Lanka	-6.72%
Thailand	-3.54%
Indonesia	-3.39%
Singapore	-0.90%
Taiwan	-0.87%
South Korea	-0.60%
China	0.42%
Hong Kong	0.50%
Azerbaijan	2.22%
Pakistan	3.34%
Armenia	4.48%
Malaysia	5.65%
India	5.81%
Nepal	6.11%
Japan	7.13%
Kyrgyztan	7.74%
Vietnam	7.85%
Mongolia	8.81%
Kazakhstan	15.78%
Tajikistan	17.02%
Georgia	18.21%
Laos	20.00%
Uzbekistan	36.51%

Philippines: Economic freedom index, 5-year change

Increased economic freedom is strongly associated with high GDP growth, and therefore with rises in residential property prices. Changes in a country’s score on the Heritage Foundation’s freedom index are calculated by the Global Property Guide to produce a 5-point rating:

• Greatly Improved
• Improved
• Nuetral
• Worse
• Much Worse

Source: Calculated using figures from The Heritage Foundation and the Wall Street Journal

Philippines does not publish official house price statistics. Colliers International has quarterly data of capital values in the Makati-CBD. Economics statistics are available from government agencies - Bangko Sentral ng Pilipinas, National Statistical Coordination Board and National Economic Development Agency.