Outsourcing rates by profession ($/hour)
Indicative blended rates for senior-level specialists.
| Profession | Min | Max | Avg |
|---|---|---|---|
| Business Analyst | 31 | 47 | 35 |
| Project Manager | 37 | 60 | 44 |
| Scrum Master | 48 | 59 | 54 |
| Graphic Designer | 29 | 37 | 29 |
| DevOps | 35 | 62 | 42 |
| Lead Developer | 41 | 45 | 41 |
| Junior Developer | 21 | 35 | 24 |
| Intermediate Developer | 27 | 34 | 29 |
| Senior Developer | 34 | 41 | 38 |
| Junior QA (Manual) | 18 | 28 | 24 |
| Intermediate QA (Manual) | 22 | 32 | 28 |
| Senior QA (Manual) | 25 | 38 | 31 |
| Junior QA (Automated) | 22 | 29 | 26 |
| Intermediate QA (Automated) | 25 | 35 | 30 |
| Senior QA (Automated) | 29 | 40 | 32 |
General information
Currency
PHP
GDP growth%
5.7
Population
113.9 million (2021)
Time zone
GMT+8
Region
Asia
Scorecard
160 country assessments, drawn up on the basis of macroeconomic, financial and political data, are made freely available.
Regularly updated, they provide an estimate of the average credit risk on a country’s businesses. This is an invaluable tool, giving an indication of a country’s potential influence on businesses’ financial commitments.
Our analyses use a eight-level ranking. In ascending order of risk, these are
Source linkcoface.com/Economic-Studies-and-Country-RisksOverall readiness
Software outsourcing readiness
Technology capabilities
Robotic Process Automation
Artificial Intelligence
Key industries
Economic overview
Political Stability
-0.80The likelihood of political instability and/or politically motivated violence, including terrorism, is rated on a scale of approximately -2.5 to 2.5, where the score of -2.5 represents the highest perceived risk, and the score of 2.5 represents the lowest perceived risk.
Democracy status
6.62A global ranking based on political factors such as elections, government, participation, culture, and civil liberties.
Business climate
UncertainA comprehensive evaluation of the business environment, including access to and accuracy of corporate financial information and the strength of creditor protection through fair and effective resolution of unpaid debts through the local legal system.
Risk assessment
HigherAn assessment of the average risk of non-payment for companies, determined by economic, financial, and political factors.
Figures are indicative and compiled from public indices. See our disclosure for methodology and sources.
Overview
The Philippines is a country in Southeast Asia with a rich history and diverse population. It is the 13th most populous country in the world and has an emerging economy that is rapidly growing. By 2050, it is projected to become the 14th largest economy in the world.
The country's economy is a mix of agriculture, manufacturing, and service industries. The government plays a significant role in the economy, particularly in industries such as transportation, energy, and telecommunications. The private sector is also growing, particularly in the areas of technology and innovation.
The IT sector is a major contributor to the Philippine economy. It encompasses a range of industries, including software development, hardware manufacturing, internet and telecommunications, and e-commerce.
The Philippines is home to a number of innovative start-ups and established technology companies, and the government has taken steps to promote the growth of the sector. These initiatives include investing in the development of digital infrastructure and encouraging the use of technology in various sectors, such as education and healthcare. The country also has a large pool of skilled workers in the field of IT, making it an attractive destination for global technology companies.
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