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Sugar cane became the driving force in the economy of Barbados. Barbados soon had built so many windmills that the island had the second highest density of windmills per square mile in the world, after the Netherlands. [12] For about the next 100 years Barbados remained the richest of all the European colonies in the Caribbean region due to sugar.
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 .
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Cuba is not included in the list due to lack of economic data. Of the countries listed, some are not independent: Aruba is a constituent country of the Kingdom of the Netherlands, and Puerto Rico is a United States territory with special status and thus is measured separately from the U.S. by the World Economic Outlook.
At least 13 people have died in the Philippines due to tropical storm Yagi, while schools and government offices were closed in Manila and nearby provinces on Tuesday because of expected bad weather.
Agriculture in the Philippines is a major sector of the economy, ranking third among the sectors in 2022 behind only Services and Industry. Its outputs include staples like rice and corn, but also export crops such as coffee , cavendish banana , pineapple and pineapple products, coconut , sugar , and mango . [ 1 ]
From 2006 to 2013, the Philippines experienced a total of 75 disasters that cost the agricultural sector $3.8 billion in loss and damages. [1] Typhoon Haiyan alone cost the Philippines' agricultural sector an estimated US$724 million after causing 1.1 million tonnes of crop loss and destroying 600,000 ha of farmland. [31]
Air pollution causes significant health and economic problems in the Philippines. [21] An estimated 66,000 deaths annually have been directly linked to air pollution. [22] The Department of Environment and Natural Resources is tasked with implementing the Clean Air Act of 1999 to monitor and prevent air pollution in the country. [23]