Hong Kong vs Philippines
A data-driven side-by-side: investment score, economy, business climate, political stability, and tax — to help you decide where to invest, incorporate, or relocate.
Overall: Hong Kong ranks higher
Hong Kong scores 72/100 on our composite investment index, ahead of Philippines at 55/100. This blends economic strength, political stability, business climate, financial maturity, and growth outlook. Read the breakdown below to see where each country actually leads.
Category breakdown
75
Economic strength
Hong Kong leads
58
55
Political stability
Hong Kong leads
45
78
Business climate
Hong Kong leads
52
82
Financial maturity
Hong Kong leads
55
52
Growth outlook
Philippines leads
72
Macro snapshot
388
GDP (USD bn)
-47.0 bn
435
2.8%
GDP growth (%)
-2.8 pp
5.6%
$51,400
GDP per capita (USD)
+47500.0
$3,900
2.2%
Inflation (%)
-3.1 pp
5.3%
28.0%
FDI (% of GDP)
+25.5 pp
2.5%
44%
Public debt (% of GDP)
-17.0 pp
61%
7.5
Population (M)
-107.5M
115
Hong Kong — strong sectors
- Financial Services22.0% of GDP85
- Trade & Logistics18.0% of GDP78
- Technology8.0% of GDP72
- Real Estate12.0% of GDP62
Philippines — strong sectors
- BPO & Services8.0% of GDP88
- Remittances9.0% of GDP82
- Manufacturing18.0% of GDP65
- Real Estate5.0% of GDP62
Frequently asked
Which is better for investment: Hong Kong or Philippines?
Our composite investment index gives Hong Kong a score of 72/100 and Philippines a score of 55/100. Hong Kong ranks higher overall, but the right answer depends on your sector and risk tolerance — see the category breakdown above.
Is Hong Kong a safer market than Philippines?
Risk classification puts Hong Kong as moderate (Growing economy with manageable risks - suitable for diversified portfolios) and Philippines as moderate (Growing economy with manageable risks - suitable for diversified portfolios).
Which has higher GDP growth: Hong Kong or Philippines?
Hong Kong is currently growing at 2.8% per year, vs 5.6% for Philippines. Philippines has the faster headline growth rate today.