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The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. [31] In 2024, the Philippine economy is estimated to be at ₱26.55 trillion ($471.5 billion), making it the world's 32nd largest by nominal GDP and 13th largest in Asia according to the International Monetary Fund.
This is the lowest rate the Philippines enjoys since 1996, before the country suffered from the Asian Financial Crisis. After unemployment rate peaked in 2000, [9] it has been on a steep decline by an average of 8.5% each year through to 2010. Out of this unemployed group of workers, 88% is roughly split between people who at least had a high ...
Unemployment rate (2021) [1] This is a list of countries by unemployment rate.Methods of calculation and presentation of unemployment rate vary from country to country. Some countries count insured unemployed only, some count those in receipt of welfare benefit only, some count the disabled and other permanently unemployable people, some countries count those who choose (and are financially ...
The unemployment rate decreased from 5.2 to 0.9 percent ... GDP growth is expected to reach 6.0 percent in 2024, making the Philippines one of the fastest growing ...
The Philippines is a megadiverse country, [237] [238] with some of the world's highest rates of discovery and endemism (67 percent). [ 239 ] [ 240 ] With an estimated 13,500 plant species in the country (3,500 of which are endemic), [ 241 ] Philippine rain forests have an array of flora: [ 242 ] [ 243 ] about 3,500 species of trees, [ 244 ...
Over 10 million women live in poverty in the Philippines. [17] A 2024 survey conducted by the Social Weather Stations from September 14 to 23, 2024 estimated 16.3 million Filipino families considered themselves poor compared to 12.9 million in March 2024. Self-rated poverty were highest in Mindanao (67 percent), followed by Visayas (62 percent ...
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This is a list of regions and provinces of the Philippines by poverty rate as of 2021. The international poverty rate used by the World Bank is used in the following list. The national poverty rate of the Philippines was estimated to be at 22.4% in early 2023.