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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.
In October 2018, the World Bank downgraded the economic outlook of the Philippines for 2018, but expects it to remain strong. [17] FMIC and UA&P expect the economy to improve in the second half of 2018. [18] On October 24, the Philippines improved its ranking by 29 places in the Ease of Doing Business rankings. [19]
This is an alphabetical list of countries by past and projected Gross Domestic Product per capita, based on the Purchasing Power Parity (PPP) methodology, not on official exchange rates.
Values are given in USDs and have not been adjusted for inflation. These figures have been taken from the International Monetary Fund's World Economic Outlook (WEO) Database (October 2024 edition), [1] World Bank, or various sources.
GDP (millions of current international dollar) by country ; Country Percent [1] [2] [3] Nominal PPP Year A [n 1] I [n 2] S [n 3] Agricultural Industrial Services Agricultural Industrial ...
This is a list of regions and provinces of the Philippines by Human Development Index (HDI) as of 2024. [1] The HDI is a statistic composite index of life expectancy, education (mean years of schooling completed and expected years of schooling upon entering the education system), and per capita income indicators, which is used to rank countries into four tiers of human development.
In the Philippines, monetary policy is the way the central bank, the Bangko Sentral ng Pilipinas, controls the supply and availability of money, the cost of money, and the rate of interest. With fiscal policy (government spending and taxes), monetary policy allows the government to influence the economy, control inflation, and stabilize ...
2021 GDP per capita (PHP) 2021 GDP per capita (USD, nominal) 2021 GDP per capita (USD, PPP) % of national average 1 National Capital Region: 440,906 8,947 22,984 254.6 2 Northern Mindanao: 187,057 3,796 9,751 104.1 3 Davao Region: 180,075 3,654 9,387 101.9 4 Cordillera Administrative Region: 177,598 3,604 9,258 98.1 5 Calabarzon: 170,276 3,455 ...