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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. [30] 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.
One of the most dynamic and fastest growing sectors in the Philippines is the information technology–business process outsourcing (IT-BPO) industry. The industry is composed of eight sub-sectors, namely, knowledge process outsourcing and back offices, animation, call centers , software development, game development, engineering design, and ...
The call center industry is one of the fastest growing in the country. The Philippines is also considered a location of choice due to its less expensive operational and labor costs, and a constant stream of college-educated graduates entering the already mostly young workforce.
This tracks with the #1 spot on the BLS's list of fastest-growing jobs is wind turbine technician, which has a growth rate of 60% from 2023-2033 (much faster than average and up 15% from last year).
While the IMF projects the Philippines's economic growth to slow down to 5.5% in the years following 2014, this country's still on pace to emerge as a top player in fast-growing Asia.
The global biotechnology market size is forecasted to reach $3.88 trillion by 2030, representing a CAGR of 13.96%. Some of the best companies to invest in within this fast-growing sector are: Eli ...
According to the 2012 World Wealth Report, the Philippines was the fastest growing economy in the world in 2010 with a GDP growth of 7.3% driven by the growing business process outsourcing and overseas remittances. [78] The country slipped to 3.6% in 2011 after the government placed less emphasis on exports and spent less on infrastructure.
Cathay Drug is recognized as one of the fastest-growing pharmaceutical companies in the Philippines. In 2012, it was included in the Top 20 Leading Philippine Pharmaceutical Companies based on Value in the Philippine Pharmaceutical Industry Audit [2] for ethical segment by IMS. It was also ranked second among national pharmaceutical companies ...