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According to World Bank Country Director Motoo Konishi, the Philippines had become a "rising tiger" in East Asia. However, at the same time, during the 2010–2011 fiscal year, the increase in the wealth of the richest families in the Philippines, amounting to 47.39%, comprised 76.5% of the GDP increase for that year. [4]
A Statement of Assets, Liabilities, and Net Worth (SALN) [1] [2] is an annual document that all de jure government workers in the Philippines, whether regular or temporary, must complete and submit attesting under oath to their total assets and liabilities, including businesses and financial interests, that make up their net worth. [3]
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.
In terms of what income is considered rich, there’s no single number to go by. How you define being rich for yourself can depend on the amount of money you need to feel financially comfortable ...
Head of government annual salary Head of state annual salary (USD from 2019 IMF exchange rate) Head of government annual salary ... Philippines: 95,554 USD ...
5. China Annual pre-tax income needed to be in the 1%: $121,168 Annual pre-tax income needed to be in the top 10%: $44,182 China has one of the largest economies in the world, but according to the ...
In fact, only 1 in 10 low-income workers between the ages of 51 and 64 had a retirement account balance in 2019, according to a July 2023 report from the Government Accountability Office.
This list of members of the Congress of the Philippines by wealth includes only the 50 richest current members of the Congress of the Philippines based on their statement of assets, liabilities and net worth as of December 31, 2018 for the House of Representatives and as of December 31, 2019 for the Senate.