Indonesia 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: Indonesia ranks higher
Indonesia scores 58/100 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
62
Economic strength
Indonesia leads
58
48
Political stability
Indonesia leads
45
55
Business climate
Indonesia leads
52
58
Financial maturity
Indonesia leads
55
72
Growth outlook
72
Macro snapshot
1,320
GDP (USD bn)
+885.0 bn
435
5.0%
GDP growth (%)
-0.6 pp
5.6%
$4,800
GDP per capita (USD)
+900.0
$3,900
3.0%
Inflation (%)
-2.3 pp
5.3%
1.8%
FDI (% of GDP)
-0.7 pp
2.5%
39%
Public debt (% of GDP)
-22.0 pp
61%
278
Population (M)
+163.0M
115
Indonesia — strong sectors
- Mining & Resources10.0% of GDP78
- Digital Economy5.0% of GDP75
- Palm Oil4.0% of GDP72
- Manufacturing19.0% of GDP68
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: Indonesia or Philippines?
Our composite investment index gives Indonesia a score of 58/100 and Philippines a score of 55/100. Indonesia ranks higher overall, but the right answer depends on your sector and risk tolerance — see the category breakdown above.
Is Indonesia a safer market than Philippines?
Risk classification puts Indonesia 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: Indonesia or Philippines?
Indonesia is currently growing at 5.0% per year, vs 5.6% for Philippines. Philippines has the faster headline growth rate today.