over a 25-year horizon. The plan includes the ambitious objective of approximately tripling per capita income relative to 2015 by 2040. Reaching this ambitious objective would require more than doubling income per capita 0ver 2025-2040, implying average GDP growth of about 6% over 2025-40, well above the 2011-24 average of 4.8% but around the pre-pandemic average. However, the contribution of population growth to GDP growth is expected to decline from 2% over 2011-19 to 0.8% over 2025-40 as the demographic dividend reach but requires an ambitious package of productivity-enhancing structural reforms. projected population growth. For the computation of the productivity contribution for the period 2025-40, a constant employment rate for the Source: OECD calculations based on Philipine Statistics Authority and United Nations World Population Prospects 2024. enhanced competition, greater integration with global markets, and improved public governance. Enhancing rapid digitalisation and can lower input costs and enhance productivity in downstream sectors, including direct investment strengthens incentives for multinational firms to establish or relocate production locally. Strong public governance further supports the business environment by reinforcing trust, reducing transaction proposed in these areas could raise average annual productivity growth by 1.2 percentage points. This would OECDECONOMICSURVEYS:PHILIPPINES2026?OECD2026