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Zero indicates perfect equality, while 100 indicates perfect inequality. In the Philippines in 2015, the Gini Coefficient was approximately 0.4439. This is a slightly smaller number in comparison to a few years prior (in 2012, 0.4605). This means a bit more even wealth distribution across families. [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.
From 2018 to 2021, an estimated 2.3 million Filipinos fell into poverty amid the economic recession caused by the COVID-19 pandemic. [ 4 ] [ 5 ] In 2018, the rate of decline of poverty has been slower compared with other East and Southeast Asian countries, [ 6 ] such as People's Republic of China (PRC) , Thailand , Indonesia , or Vietnam .
Making money mistakes is often par for the course of becoming wealthy -- and yet, there are many financial traps the rich never fall for. "One common money trap that wealthy individuals avoid is ...
The wealthy have a complicated relationship with climate change. The super-rich are some of the biggest polluters in the world, thanks to their continued investments in high-emissions industries ...
There's a new word for an old set of emotions and behaviors many people experience surrounding money: "money dysmorphia." I'm a Financial Advisor: 7 Ways People Become Poor in Their Later ...
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. [89] The country slipped to 3.6% in 2011 after the government placed less emphasis on exports and spent less on infrastructure.
The wealth accumulation and wealth preservation stages need to be managed differently.” Overleverage Another mistake wealthy people may make is taking on too much debt.