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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.
The Philippines, the world's top rice buyer, is seeking to import another 300,000 tonnes of the staple food to boost state stockpiles while battling the coronavirus pandemic and ahead of its own ...
Despite the averted Sugar Order No. 4, President Marcos in mid-August still raised the possibility of importing sugar to the Philippines to address the sugar crisis. [ 31 ] [ 32 ] He said that around 150,000 MT of sugar could be imported to address the country's needs for the rest of 2022 and projected the current supply to last until October ...
A weekly update on the impact of the COVID-19 pandemic on the world economy, and on major individual economies such as the US, China, Japan, other Asian economies, Europe, Australia and New Zealand has been produced by Saul Eslake, one of Australia's best-known economists, since late April 2020. [256]
The U.S. commerce secretary has committed to address concerns by the Philippines after American authorities held up shipments of garments on suspicion that cotton was produced by forced labor in ...
The COVID-19 pandemic in the Philippines was a part of the worldwide pandemic of coronavirus disease 2019 caused by severe acute respiratory syndrome coronavirus 2 . [4] As of February 11, 2025, there have been 4,173,631 [ 1 ] reported cases, and 66,864 [ 1 ] reported deaths, the fifth highest in Southeast Asia , behind Vietnam , Indonesia ...
2023 in the Philippines details notable events that occurred in the Philippines in 2023. On July 21, 2023, President Bongbong Marcos announced that the government will formally lift the COVID-19 state of public health emergency, marking the end of the three years of the pandemic. The emergency was officially lifted the following day.
Through November 2021, China was the world's largest exporter of COVID-19 vaccines, with a cumulative share of around 40% of worldwide exports (totalling around 1.5 billion doses), according to the World Trade Organization. [516] China's response to the initial Wuhan COVID-19 outbreak has been both praised and criticised.