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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.
May 11 – Irha Mel Alfeche of Matanao, Davao del Sur is crowned Miss Philippines Earth 2024 in the pageant's coronation event held in Talakag, Bukidnon. [420] May 22: Chelsea Manalo of Bulacan is crowned Miss Universe Philippines 2024 in the pageant's coronation night held at the SM Mall of Asia Arena in Pasay. [421]
The Tatak Pinoy (Proudly Filipino) Act, designated as Republic Act No. 11981, is a Philippine law aimed at enhancing collaboration between the government and private sector. Authored by Senator Sonny Angara , the act was developed over nearly five years beginning in the 18th Congress [ 1 ] through extensive consultations, studies, and research ...
A lot happens in any given year, but especially in presidential election years. In 2024, inflation came down, Donald Trump won office for a second time (and the market reacted) and some other major...
The national debt of the Philippines is the total debt, or unpaid borrowed funds, carried by the national government of the Philippines. As of the end of October 2024, the total national debt of the Philippines amounts to ₱15.1889 trillion ($273.9 billion).
In another mobile-based survey conducted by data research firm Tangere from October 14-16, 2024, 61.9% of 1,500 participants expressed support for the proposed constitutional amendment on economic reforms. [72]
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 ...
Over 10 million women live in poverty in the Philippines. [17] A 2024 survey conducted by the Social Weather Stations from September 14 to 23, 2024 estimated 16.3 million Filipino families considered themselves poor compared to 12.9 million in March 2024. Self-rated poverty were highest in Mindanao (67 percent), followed by Visayas (62 percent ...