Report: Exploring the socio-economic importance of tobacco in the Philippines
07 Jun 2022
The Philippine tobacco industry accounted for roughly 6% of tax revenue in 2020, and 58% of so-called sin tax receipts. Given its wide-reaching value chain and multiple stakeholders, this publication outlines the industry’s pivotal role in employment, with more than 2m Filipinos estimated to be financially supported by the segment. The research explores why tobacco is important not only for farming communities, but also for retail and informal employment across the archipelago.
Amid the prospect of further increases in tobacco tax, this Economic Impact Report evaluates the relationship between tax levies and health care funding – exploring concerns that further hikes could affect affordability for consumers and boost illicit trade – and signposts opportunities for the industry to offer consistent collections, employment and GDP contributions for the Philippines over the coming years.
Click here to download full report.
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