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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 2025, the Philippine economy is estimated to be at ₱29.66 trillion ($507.6 billion), making it the world's 31st largest by nominal GDP and 11th largest in Asia according to the International Monetary Fund .
According to the 2012 World Wealth Report, the Philippines was the fastest growing economy in the world in 2010 with a GDP growth of 7.3% driven by the growing business process outsourcing and overseas remittances. [89] The country slipped to 3.6% in 2011 after the government placed less emphasis on exports and spent less on infrastructure.
According to World Bank Country Director Motoo Konishi, the Philippines had become a "rising tiger" in East Asia. However, at the same time, during the 2010–2011 fiscal year, the increase in the wealth of the richest families in the Philippines, amounting to 47.39%, comprised 76.5% of the GDP increase for that year. [4]
Money talks, but what does your net worth say about you? In the land of opportunity, where fortunes can be made and lost, the question of whether you’re considered poor, middle-class, or wealthy ...
Find Out: 4 Genius Things All Wealthy People Do With Their Money. If you’re hoping to increase your wealth, you might be itching to learn these secrets, too. ... Wealthy people don’t want to ...
Learn More: 5 Subtly Genius Moves All Wealthy People Make With Their Money He added that wealthy people are disciplined about maintaining a consistent standard of living regardless of increased ...
Download as PDF; Printable version; ... Welfare in the Philippines (5 C, 5 P) Pages in category "Wealth in the Philippines"
In the previous year, 2009, Investment (% of GDP) for Philippines was 14.65% Investment (% of GDP) for Philippines in 2010 was or will be 6.65% more than it was or will be in 2009. [3] Balance of Payments 2000-2008 PSY 2010 [4] Philippines is aiming to generate 400 billion pesos (US Dollar 10 billion) in investment commitments in 2013. This ...