philippines predictions for 2023

Read 19 predictions about Philippines in 2023, a year that will see this country experience significant change in its politics, economics, technology, culture, and environment. It’s your future, discover what you’re in for.

International relations predictions for Philippines in 2023

International relations predictions to impact Philippines in 2023 include:

  • The Philippines contentiously aligns with the United States and commits to a joint project that would place a High-Mobility Artillery Rocket System (HIMARS) in the South China Sea. Likelihood 40%1
  • A four-year cultural exchange program established by President Duterte in 2019 between the Philippines and India comes to an end this year. Likelihood 80%1

Politics predictions for Philippines in 2023

Politics related predictions to impact Philippines in 2023 include:

Government predictions for Philippines in 2023

Government related predictions to impact Philippines in 2023 include:

  • National ID rollout complete as all citizens and residents receive a free ID card this year. Likelihood 80%1
  • The Philippines is well on its way to becoming a cashless economy as all government agencies switch to online payments this year. Likelihood 60%1

Economy predictions for Philippines in 2023

Economy related predictions to impact Philippines in 2023 include:

  • New tech including blockchain, digital currency and biometrics drives the Philippines' money transfer and bill payment market to $42 billion this year. Likelihood 60%1
  • Philippines international remittance market is expected to register inbound transaction volume of USD 42 billion by 2023: Ken research.Vote on this forecast

Technology predictions for Philippines in 2023

Technology related predictions to impact Philippines in 2023 include:

Culture predictions for Philippines in 2023

Culture related predictions to impact Philippines in 2023 include:

Defense predictions for in 2023

Defense related predictions to impact Philippines in 2023 include:

  • Duterte's military budget drives modernization with Manilla acquiring four submarines this year. Likelihood 70%1
  • Department of National Defense to acquire multirole fighter jets this year after budget delays in 2020. Likelihood 60%1

Infrastructure predictions for Philippines in 2023

Infrastructure related predictions to impact Philippines in 2023 include:

  • This year, the First Gen Corp. completes construction on two gas-fired power plant projects next to San Gabriel that began in 2020. Likelihood 50%1

Environment predictions for Philippines in 2023

Environment related predictions to impact Philippines in 2023 include:

Science predictions for Philippines in 2023

Science related predictions to impact Philippines in 2023 include:

Health predictions for Philippines in 2023

Health related predictions to impact Philippines in 2023 include:

  • Medical device industry revenue in the Philippines reaches 1,300 million USD this year due to a surge in demand for diagnostic imaging machines. Likelihood 60%1
  • National smoking prevalence down to 20% since sin tax raise on tobacco products in 2019. Likelihood 50%1
  • Philippines medical devices industry revenue is expected to reach around USD 1,300 million by 2023: Ken Research.Vote on this forecast
  • Law raising sin tax on tobacco signed, vapor products taxed too.Vote on this forecast

More predictions from 2023

Read the top global predictions from 2023 - click here

Next scheduled update for this resource page

January 7, 2022. Last updated January 7, 2020.

Suggestions?

Suggest a correction to improve the content of this page.

Also, tip us about any future subject or trend you'd like us to cover.

Read more predictions about Philippines from future years by using the timeline buttons below

COUNTRY predictions

SPECIAL SERIES

EXPLORE QUANTUMRUN FORESIGHT'S CONSULTING SERVICES
learn more