Key Market Indicators
Filipina passenger transport expenditure is projected to hit approximately $688 million by 2028. This marks an increase from around $645 million in 2023, reflecting an annual growth rate of 1%. Since 2013, demand in the Philippines has consistently risen by about 1.1% each year. In 2023, the country was ranked 26th globally in passenger transport expenditure, with Colombia surpassing it at the same expenditure level of $645 million. France, Canada, and Italy secured the second, third, and fourth spots, respectively, in the global rankings for passenger transport expenditure.
