The Philippines is projected to climb to the 23rd spot among the world’s largest economies by 2039, according to the World Economic League Table 2025 published by the London-based Center for Economics and Business Research (CEBR). This marks a significant improvement from its current ranking of 33rd in 2024, reflecting a 10-place leap over the next 15 years.
The report highlights the steady economic growth of the Philippines amid global challenges. Among the 189 economies analyzed, the Philippines’ rise underscores its increasing competitiveness and resilience in key sectors, driven by domestic consumption, robust remittances, and a growing labor force. It will surpass economies like Switzerland and Taiwan, which are projected to be ranked 24th and 25th, respectively, by 2039.
Other countries in the top rankings include the United States, China, and India, which maintain their positions as the top three largest economies. Notably, India is expected to overtake Germany and Japan to secure the third spot by 2039, further emphasizing shifting global economic dynamics.
