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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.
Duterte mentioned other actions which he considered as his administration's accomplishments including the extension of the validity of driver's licenses to 10 years, going after water concessionaires, and improvements in the Philippine economy prior to the onset of the pandemic. [8]
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]
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 ...
August 26 – The Department of Trade and Industry (DTI) and the International Labour Organization (ILO) signs a Japan-supported memorandum of understanding that was part of the $2.2 million Japan-ILO project called Bringing Back Jobs Safely under the COVID-19 Crisis in the Philippines: Rebooting Small and Informal Businesses Safely and Digitally.
Economic data releases and earnings The US economy continues to impress. And we think there is a fairly straightforward, fundamental story that explains why we stand where we stand in July 2023.
Since taking office in mid-2022, Philippine President Ferdinand Marcos Jr has taken pains to depart from his predecessor's pro-China, anti-U.S. stance. As Marcos seeks to deepen ties with longtime ...
In 1973, the National Economic Development Authority was dissolved by virtue of Presidential Decree No. 107, s. 1973. [20] The Presidential Decree created the National Economic and Development Authority (now, with the conjunction “and”), which absorbed the National Economic Development Authority as mandated in the 1973 Constitution. [7]