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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 .
March 1 – The Philippines wins the Guinness World Record for the most variety of pork dishes on display, with 313 items, during the launch of the five-day National Hog Festival at Gateway Mall 2 in Quezon City.
The Philippine economy is the world's 34th largest, with an estimated 2023 nominal gross domestic product of US$435.7 billion. [13] As a newly industrialized country, [375] [376] the Philippine economy has been transitioning from an agricultural base to one with more emphasis on services and manufacturing.
The largest projects in the Philippine Economy includes both megaprojects, costing over $1 billion, and other large investment projects, typically costing between $10 million and $1 billion. Projects with investments below $10 million also may be included here, either as parts of larger projects, or in case of major international significance ...
June 14 – The Philippines' Hannah Arnold is ranked among the eight best national costumes in last year's Miss International pageant. [310] [311] June 15 – Shannon Robinson is crowned Miss Environment International in Mumbai, India. [312] June 16 – James Reggie Vidal finishes Second Runner-Up at the Man of the World 2023 pageant held in ...
In October 2018, the World Bank downgraded the economic outlook of the Philippines for 2018, but expects it to remain strong. [17] FMIC and UA&P expect the economy to improve in the second half of 2018. [18] On October 24, the Philippines improved its ranking by 29 places in the Ease of Doing Business rankings. [19]
This is a list of regions and highly urbanized cities of the Philippines by GDP and GDP per capita according to the data by the Philippine Statistics Authority. [ 1 ] [ 2 ] Data for 2023 estimates (international US$ using 2023 PPP conversion factor from the International Monetary Fund ).
The decree merged the National Economic Council and the Presidential Economic staff, created by Executive Order No. 8, s. 1966, [18] and renamed it to the National Economic Development Authority. [7] President Marcos subsequently issued Presidential Decree No. 1-A which delineated the composition of the National Economic Development Authority. [19]