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"Our economy is doing relatively well," he told a media briefing, saying the second-quarter performance was still in line with this year's target for growth in full-year GDP of 6.5% to 7.5%.
The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. [31] In 2024, the Philippine economy is estimated to be at ₱26.55 trillion ($471.5 billion), making it the world's 32nd largest by nominal GDP and 13th largest in Asia according to the International Monetary Fund.
While growth in the Philippines remains on track for recovery, the bounce back this year will likely be lower than previously expected at 4.7%, Kevin Chua, World Bank senior economist, told a ...
This article lists countries alphabetically, with total government expenditure as percentage of Gross domestic product (GDP) for the listed countries. Also stated is the government revenue and net lending/borrowing of the government as percentage of GDP. All Data is based on the World Economic Outlook Databook of the International Monetary Fund.
Analyses outside the US will often treat government investment as part of investment rather than government spending. X (exports) represents gross exports. GDP captures the amount a country produces, including goods and services produced for other nations' consumption, therefore exports are added. M (imports) represents gross imports.
The Bureau of Economic Analysis released its first print on second-quarter gross domestic product Friday morning at 8:30 a.m. ET. GDP grew 2.1% in the second quarter, beating expectations [Video ...
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, [376] [377] the Philippine economy has been transitioning from an agricultural base to one with more emphasis on services and manufacturing.
The American economy expanded at a healthy 2.8% annual pace from July through September on strong consumer spending and a surge in exports, the government said Wednesday, leaving unchanged its ...