Driver Overview
This section shows a country’s rank, ranking change and score for each of the eight drivers. It also categorises each country’s driver performance on a scale from “Emerging” (score from 0-20) to “Global Leader” (score from 80-100).
Rank
Score /100
Best practice
Metric Overview
Strengths
Financial stability
The Philippines’ financial stability is well above the average of 83 for Lower Middle Income Countries. Stable financial markets facilitate the smooth flow of funds between infrastructure assets and investors. The impact of the COVID-19 pandemic is a concern.
PPP contract management
According to the World Bank, the Philippines’ management of contracts is world class. It has well-trained staff, effective guidance, milestone tracking systems, and public reporting of the contractor’s financial or operating performance.
Strength of insolvency framework
The Philippines has a solid framework for reorganisation and bankruptcy which governs formal insolvency. This ensures investors have appropriate protection and helps attract investment for potential infrastructure projects.
Top Performing Metrics
Top Performing Metrics
This is defined by the metrics with the highest unweighted score out of 100.
Financial markets:
Financial stability
Procurement:
PPP contract management
Regulatory frameworks:
Strength of insolvency framework
Opportunities to Grow
GDP per capita
The Philippines has a low GDP per capita of USD 3,294 but is growing at a long-term average rate of 5.8% per annum. Its long-term growth suggests there will be improvement in future capacity to fund major infrastructure. However the COVID-19 pandemic may impact this trend.
Stocks traded
At 9% of GDP, the Philippines’ value of stocks traded is significantly below the Lower Middle Income Countries’ average of 14% of GDP. As this indicator measures the liquidity of equities, it is important to infrastructure investors to know they can exit investments at appropriate points.
Average procurement duration – transaction RFP
The average duration from announcement of a tender to contract award was 38 months. Lengthy procurement durations add costs, risks and down time to contractors bidding for and investing in infrastructure projects.
Metrics to Improve
Metrics to Improve
This is defined by the metrics with the lowest weighted score out of 100, such that these metrics would have the greatest impact on the overall score.
For metrics that have binary outcomes (yes=100/no=0), no comparative income group average is reported.
Funding capacity:
GDP per capita
Financial markets:
Stocks traded
Procurement:
Average procurement duration – transaction RFP
Detailed Data
This section shows country data for each of the 41 metrics. The figures in brackets denote the change in score since InfraCompass 2017.
Note that all data has been normalised on a scale of 1-100. For raw metric data, please download the complete InfraCompass 2020 dataset.
Where relevant, some metric scores have been inverted, such that all metrics have positive relationships with good infrastructure outcomes. For example, since lower compliance costs make it easier to invest in infrastructure, the normalised value of ‘number of procedures to start a business’ has been reversed such that lower number of procedures are scored closer to 100, and higher numbers closer to 0. In other words, a score of 0 indicates a poor performance, rather than 0 number of procedures.
28.2%
The recovery rate is recorded as cents on the dollar recovered by secured creditors through reorganisation, liquidation or debt enforcement (foreclosure or receivership) proceedings.
20.7%
World Governance Composite Indicator reflecting perceptions of the extent to which agents have confidence in and abide by the rules of society, and in particular the quality of contract enforcement, property rights, the police, and the courts, as well as the likelihood of crime and violence. The rule of law reflects whether the law imposes limits of power on the state, private sector and individuals.
18.1%
Whether the country conducts post-completion reviews on infrastructure projects to ensure the forecast outcomes are being achieved.
15.1%
Measures the governance practices that protect shareholders through three dimensions: the extent of shareholder rights index (shareholders’ rights and role in major corporate decisions), the extent of ownership and control index (governance safeguards protecting shareholders from undue board control and entrenchment), and the extent of corporate transparency index (corporate transparency on ownership stakes).
12.8%
Political stability and absence of violence score
Measures perceptions of the likelihood of political instability and/or politically-motivated violence, including terrorism. Estimate gives the country's score on the aggregate indicator, in units of a standard normal distribution i.e. ranging from approximately -2.5 to 2.5.
5%
Whether an infrastructure agency exists to coordinate an integrated approach to infrastructure delivery and policy.
The Philippines
Lower-middle Income Countries Average
Description
The recovery rate is recorded as cents on the dollar recovered by secured creditors through reorganisation, liquidation or debt enforcement (foreclosure or receivership) proceedings.
Weighting (% of Driver)
28.2%
Source Link
Description
World Governance Composite Indicator reflecting perceptions of the extent to which agents have confidence in and abide by the rules of society, and in particular the quality of contract enforcement, property rights, the police, and the courts, as well as the likelihood of crime and violence. The rule of law reflects whether the law imposes limits of power on the state, private sector and individuals.
Weighting (% of Driver)
20.7%
Description
Whether the country conducts post-completion reviews on infrastructure projects to ensure the forecast outcomes are being achieved.
Weighting (% of Driver)
18.1%
Source Link
Description
Measures the governance practices that protect shareholders through three dimensions: the extent of shareholder rights index (shareholders’ rights and role in major corporate decisions), the extent of ownership and control index (governance safeguards protecting shareholders from undue board control and entrenchment), and the extent of corporate transparency index (corporate transparency on ownership stakes).
Weighting (% of Driver)
15.1%
Source Link
Description
Measures perceptions of the likelihood of political instability and/or politically-motivated violence, including terrorism. Estimate gives the country's score on the aggregate indicator, in units of a standard normal distribution i.e. ranging from approximately -2.5 to 2.5.
Weighting (% of Driver)
12.8%
Description
Whether an infrastructure agency exists to coordinate an integrated approach to infrastructure delivery and policy.
Weighting (% of Driver)
5%
Source Link
Country Overview Data
3,576 USD
Population110.2 million persons
57.8 (0-100 best)
Infrastructure investment3.7% of GDP
Infrastructure gap0.5% of GDP
356.8 USD billion
GDP growth rate5.7%
GDP per capita growth rate6.1%
Gini coefficient44.4 (0-100 worst)
Gross Government Debt39.0% of GDP
Inflation rate2.5%
Summary credit rating61.0 (0-100 best)
Unemployment rate2.4%
Urbanisation ratio47.0% of total population
Road connectivity51.6 (0-100 best)
3.7 (1-7 best)
Efficiency of train services2.4 (1-7 best)
Efficiency of air transport services4.1 (1-7 best)
Efficiency of seaport services3.7 (1-7 best)
Electricity access88.3% of population
Electricity supply quality9.1% of output lost
Exposure to unsafe drinking water49.0% of population
Reliability of water supply4.7 (1-7 best)
Digital Adoption Index0.5 (0-1 best)
Mobile-broadband subscriptions68.4 per 100 population
Fixed-broadband Internet subscriptions3.2 per 100 population