The Philippines has been ranked 24th best place in the world for expats to live and work this year, moving up from 26th place last year, according to the HSBC Expat 2019 annual survey. The country lies behind the United States, which is ranked 23rd, and ahead of China, which is ranked 26th.
The HSBC report noted that the country is fast becoming one of the most popular expat destinations in Southeast Asia, due to its tropical climate and steadily growing economy. The Philippines has posted strong growth over the past year fueled by the booming business process outsourcing sector, strong services sector and overseas Filipino remittances.
Meanwhile, a Forbes report said that despite the Philippines’ reputation for violence related to the government’s war on drugs, expats give more weight to the country’s reasonable cost of living and friendly citizens. The survey asked 18,000 expat respondents across 163 markets to answer questions based on three major metrics: quality of life, career opportunities and family life.