The Philippine economy continues to grow under President Ferdinand Marcos Jr., driven by strong tourism, rising consumer spending, and sustained infrastructure projects under the “Build Better More” program.
The Department of Tourism reported a sharp rebound in travel, with 5.9 million international visitors in 2024—up from 5.4 million in 2023. Of these, 91% were foreigners. This surge is creating jobs and boosting sectors like hotels, transport, and retail.
“With these figures, it is clear that Philippine tourism is not only bouncing back but also growing and contributing to our economy,” said Tourism Secretary Christina Garcia Frasco.
Household spending is also rising, thanks to steady employment and remittances from overseas Filipino workers. Families are spending more on essentials like food, transport, healthcare, and dining out, according to the Philippine Statistics Authority (PSA).
Meanwhile, the “Build Better More” program continues to invest in roads, bridges, transport, internet, and energy—projects that improve daily life and support long-term growth.
These key drivers—tourism, consumer spending, and infrastructure—show that the Philippines under the Marcos administration is on the right track toward a resilient, inclusive economy.IMT
