Philippines - Business - U.S. Dollars

Tourism Indicators
Expenditure 36.8 US$ billions in 2023 WTTC
Southeast Asia Expenditure (US$ billions in 2023)

Philippines is the top country by business expenditure among 13 countries. As of 2023, business expenditure in Philippines was 36.8 US$ billions that accounts for 26.23% of total business expenditure. The top 5 countries (others are Malaysia, Singapore, Indonesia, and Hong Kong) account for 78.94% of it. The total business expenditure was estimated at 140.27 US$ billions in 2023.

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Philippines 36.8 WTTC
Malaysia 26.27 WTTC
Singapore 19.42 WTTC
Indonesia 16.74 WTTC
Hong Kong 11.5 WTTC
Thailand 10.92 WTTC
Taiwan Province of China 7.7 WTTC
Viet Nam 3.2 WTTC
Cambodia 2.66 WTTC
Myanmar 2.52 WTTC
Macau 2.05 WTTC
Lao People’s Democratic Republic 0.34 WTTC
Brunei Darussalam 0.16 WTTC