The Philippines has cemented its status as a dynamic and resilient economic player in the Asia-Pacific region, concluding 2024 with a robust Gross Domestic Product (GDP) growth rate of 5.6%. This performance, which surpassed that of several other key Asian economies, was fueled by the acceleration of commercial activities and increased public infrastructure spending.
Looking ahead, multilateral organizations share an optimistic outlook for 2025 and 2026, projecting the Philippines to be one of Asia’s fastest-growing economies.
Aviation: A Crucial Economic Engine
With a young and rapidly growing population of over 114 million and a median age of just 24.5—one of the youngest in Southeast Asia—the Philippines, an archipelago of more than 7,600 islands, relies heavily on aviation as a primary mode of transport. The sector is a crucial economic engine, driving trade, investment, tourism, and sustainable development, and is key to the nation’s integration into the global economy.
3rd Philippine Aviation Summit to Chart Future Growth
To capitalize on this economic momentum and ensure the aviation sector is globally competitive, sustainable, secure, and resilient, the European Chamber of Commerce of the Philippines (ECCP) and the Asian Business Aviation Association (AsBAA) will co-host the 3rd Philippine Aviation Summit in 2025.
The Summit is strategically aimed at advancing the Philippines as a strategic player in both commercial and business aviation. It will gather local and international leaders, key government officials, and global stakeholders to explore forward-looking policies, business opportunities, and international best practices necessary to propel the industry’s continued development and support the country’s sustained economic ascent.
