Market Research Report Philippines Construction Industry Trends Report | Page 2

In February 2017, the government launched the Philippines Development Plan
20172022, with an aim to make the Philippines an upper-middle-income country by
2022. Consequently, it plans to reduce unemployment from 5.5% in 2016 to 3.0%
by 2022.
The industrys output value in real terms is expected to rise at a compound annual
growth rate (CAGR) of 9.79% over the forecast period; compared to 10.68% during
the review period.
Summary
Timetrics Construction in the Philippines, Key Trends and Opportunities to 2021
report provides detailed market analysis, information and insights into the Philippine
construction industry including:
The Philippine construction industry's growth prospects by market, project type and
construction activity
Analysis of equipment, material and service costs for each project type in the
Philippines
Critical insight into the impact of industry trends and issues, and the risks and
opportunities they present to participants in the Philippine construction industry
Profiles of the leading operators in the Philippine construction industry
Data highlights of the largest construction projects in the Philippines
Scope
This report provides a comprehensive analysis of the construction industry in the
Philippines. It provides:
Historical (2012-2016) and forecast (2017-2021) valuations of the construction
industry in the Philippines using construction output and value-add methods