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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.
The Labor policy in the Philippines is specified mainly by the country's Labor Code of the Philippines and through other labor laws. They cover 38 million Filipinos who belong to the labor force and to some extent, as well as overseas workers. They aim to address Filipino workers’ legal rights and their limitations with regard to the hiring ...
[2] [3] Unemployment rates are often seasonally adjusted to avoid variations that depend on time of year. [2] [3] Employment rate as a percentage of total population in working age is sometimes used instead of unemployment rate. For purposes of comparison, harmonized values are published by International Labour Organization (ILO) and by OECD.
Overseas Filipino Worker (OFW) is a term often used to refer to Filipino migrant workers, people with Filipino citizenship who reside in another country for a limited period of employment. [3] The number of these workers was roughly 1.77 million between April and September 2020. Of these, female workers comprised a larger portion, making up 59. ...
33,424 (2020) [19] An overseas Filipino (Filipino: Pilipino sa ibayong-dagat) is a person of full or partial Filipino origin who trace their ancestry back to the Philippines but are living and working outside of the country. They get jobs in countries, and they move to live in countries that they get jobs in.
The underemployment rate eased to 26.2 percent in 2012 from 28 percent in 2010, but is still much higher than the end-of-plan target of 20 percent. Employment in the region has increased by 2.79 percent between 2010 and 2012, a bit higher than the national average of 2.16 percent.
The Philippine Statistics Authority (Filipino: Pangasiwaan ng Estadistika ng Pilipinas; PSA) is the central statistical authority of the Philippine government that collects, compiles, analyzes, and publishes statistical information on economic, social, demographic, political affairs, and general affairs of the people of the Philippines, as well as enforcing the civil registration functions in ...
The Philippines is a megadiverse country, [227] [228] with some of the world's highest rates of discovery and endemism (67 percent). [ 229 ] [ 230 ] With an estimated 13,500 plant species in the country (3,500 of which are endemic), [ 231 ] Philippine rain forests have an array of flora: [ 232 ] [ 233 ] about 3,500 species of trees, [ 234 ...