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Micro businesses in the Philippines can be defined according to the size of assets, size of equity capital, and number of employees. A typical micro business is a business that employs nine people or fewer, with assets of ₱3 million and below. In the Philippines, about 90 percent of all businesses are categorized as micro businesses.
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.
Agriculture in the Philippines is a major sector of the economy, ranking third among the sectors in 2022 behind only Services and Industry. Its outputs include staples like rice and corn, but also export crops such as coffee , cavendish banana , pineapple and pineapple products, coconut , sugar , and mango . [ 1 ]
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With an estimated 800,000 stores across the country, they hold a substantial portion of the domestic retail market. In 2011, the retail sector, consisting largely of micro, small, and medium-sized enterprises (MSMEs) like sari-sari stores, contributed 13% (₱1.3 trillion) to the Philippines' GDP of ₱9.7 trillion. [citation needed]
Companies of the Philippines by industry (27 C) F. Filipino businesspeople by industry (10 C) Fishing in the Philippines (2 C, 4 P) Forestry in the Philippines (2 C ...
Starting a business can be a multimillionaire-dollar proposition that requires rounds of massive fundraising and the issuance of stock to investors. But there are plenty of types of small ...
A coconut plantation in Sipocot, Camarines Sur Coconut crafts. Coconut production plays an important role in the national economy of the Philippines.According to figures published in December 2009 by the Food and Agriculture Organization of the United Nations, the Philippines is the world's second largest producer of coconuts, producing 19,500,000 tonnes in 2009. [1]