The Long-Term Vision

Sustainable Development Goals (SDGs)

 Asia 2050: Realizing the Asian Century

• Asia will nearly double its share of

global GDP to over 50%.
107,600
• Asia’s per capita income will rise
six-fold from 2010 to 2050 and will
exceed the global average
66,700

47,800
• 7 economies will lead Asia’s march 41,700
37,400
to prosperity (South Korea, Japan, 33,800
26,900
22,900
China, India, Indonesia, Malaysia 22,700
and Thailand)

• The Philippines will be overtaken by

India and Viet Nam; will be in the
company of Mongolia and Figure 3: Projections of Per Capita GDP (constant 2010 PPP) of Selected Asian Economies in 2050
Source of basic data: ADB Publication – Asia 2050

Cambodia.
• A long-term (25 years) vision of Filipinos.
• It is a vision, NOT a plan.
• An anchor for development planning across
administrations (Executive Order No. 5)
• A guide for engaging with international development
partners.

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PDP 2017-2022
Framework

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 MATATAG, MAGINHAWA AT PANATAG NA BUHAY

TO LAY DOWN THE FOUNDATION FOR INCLUSIVE GROWTH, A HIGH-TRUST

SOCIETY, AND A GLOBALLY COMPETITIVE KNOWLEDGE ECONOMY

“MALASAKIT” “PAGBABAGO” “PATULOY NA PAG-UNLAD”

ENHANCING THE INEQUALITY-REDUCING INCREASING GROWTH
SOCIAL FABRIC TRANSFORMATION POTENTIAL

Ensure people-centered, Expand Increase access Promote Stimulate

clean, and efficient economic to economic technology innovation
governance opportunities opportunities adoption

IMPLEMENT STRATEGIC TRADE AND FISCAL POLICY, MAINTAIN

Pursue swift and fair
MACROECONOMIC STABILITY, PROMOTE COMPETITION
administration of justice

Promote Philippine Accelerate Reduce Maximize demographic

culture and values human capital vulnerability of dividend
development individuals

Ensure peace and Accelerate strategic Ensure ecological

Ensure safety and
security infrastructure integrity, clean and
build resilience
development healthy environment
 THE PHILIPPINES BY 2022
The Philippines will be an upper middle income country. The
GDP growth is expected to strengthen further to 7-8%. Per capita
income will increase from USD 3,550 in 2015 to at least USD 5,000
in 2022.
Overall poverty rate will decline from 21.6% to
14.0% in 2022 – equivalent to lifting about 6 million
Filipinos out of poverty.

The unemployment rate will decline from

the current 5.5% to 3-5%.
The Life We Want
Maginhawa Panatag
Matatag
• Freedom from hunger • Security of place
• Living together with family
and poverty • Resources adequate for day-
• Time with family and friends
• Guaranteed mobility to-day needs and unexpected
(work/life balance)
• Secure home ownership expenses
• Travel and vacation • Passive income during
opportunities retirement

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An overwhelming majority of
Filipinos aspire for a simple and 3.9 %
Life of the Rich
comfortable life…
16.9 %
Prosperous or Affluent Life

79.2 %
Simple and Comfortable Life

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What is a “simple and comfortable” life ?

Own at least Decent work Relax with

one car family and
friends

All children are

Have enough college-educated Business
money for day- owner
to-day needs

Able to take
Own a occasional trips
medium-sized around the country
home

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 What is a “simple and comfortable” life ?

P 120,000
Gross Monthly Family Income

5,000 25,000
Own one car Income Tax
10,000
All children are
college-educated

40,000 4,000
Relax with family
Have enough money
and friends
for day-to-day needs

30,000 6,000
Own a medium-sized Able to take occasional
home trips around the country
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 Vision for the Country:
Hunger, local employment and poverty are the main
socioeconomic issues that should be addressed
No one is hungry 64
All Filipinos have a chance for adequate jobs.... 51
No one is poor 50
Everyone can get treatment when sick 50
38
All Filipino families have their own house 36
Everyone has modern lifestyle 17
The country is a world leader in science 10

Base: Total Interviews unwtd/wtd (10000/10000)

 Eradication of corruption is the most important aspect of
governance that should be addressed

Eradication of Corruption 82 16 11 98 2 96
Fair enforcement of the law 76 22 2 98 2 96

Fast and easy processes 74 24 2 98 2 96

Order and Safety in the... 72 26 21 97 3 94
Fast response towards... 72 25 21 97 3 94
Enough avenues to be able... 69 28 21 97 3 94

Slightly important Slightly not important Definitely not important

Base: Total Interviews unwtd/wtd (10000/10000)

 Vision for Country
“By 2040, the Philippines shall be a prosperous,
predominantly middle-class society where no one is poor.
Our peoples will enjoy long and healthy lives, are smart
and innovative, and will live in a high-trust society”
 From vision to action

2035-
2029- 2040
2023- 2034
• Requires strong ownership and buy-in by stakeholders and
2028 the country’s leaders over the next 25 years
2017- • Each plan must build on previous plan, not change it
2022 unnecessarily
• Needs and preferences may change over time
• Unexpected developments may arise (e.g. climate, science
& technology)

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Asia 2050: We can change the future!

The Philippines can join Asia’s march to prosperity!

 The Long-Term Vision

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