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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 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.
The Philippine economy is the world's 34th largest, with an estimated 2023 nominal gross domestic product of US$435.7 billion. [14] As a newly industrialized country, [368] [369] the Philippine economy has been transitioning from an agricultural base to one with more emphasis on services and manufacturing.
GDP (millions of current international dollar) by country Country Percent [1] [2] [3] Nominal PPP ... Philippines: 112.000 [4] 475,950: 4,291: 1,393,632: 12,433 [5] 5
List of regions of the Philippines by GDP. This is a list of regions and highly urbanized cities of the Philippines by GDP and GDP per capita according to the data by the Philippine Statistics Authority. [1][2] Data for 2023 estimates (international US$ using 2023 PPP conversion factor from the International Monetary Fund). [3]
Philippines: 471.5 billion 14 Vietnam: 465.8 billion 15 Bangladesh: 455.16 billion 16 Malaysia: 445.5 billion 17 Hong Kong 406.8 billion 18 Iran: 403.5 billion 19 Pakistan: 374.9 billion 20 Kazakhstan: 296.8 billion 21 Iraq: 265.6 billion 22 Qatar: 246.3 billion 23 Kuwait: 184.8 billion 24 Oman: 114.7 billion 25 Uzbekistan: 101.8 billion 26
Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. [ 2 ] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates. Nominal GDP does not take into account differences in the cost of ...
Real GPD per capita development of the Philippines. The economic history of the Philippines is shaped by its colonial past, evolving governance, and integration into the global economy. Prior to Spanish colonization in the 16th century, the islands had a flourishing economy centered around agriculture, fisheries, and trade with neighboring ...
The eight major pass-through economies—the Netherlands, Luxembourg, Hong Kong SAR, the British Virgin Islands, Bermuda, the Cayman Islands, Ireland, and Singapore—host more than 85 percent of the world’s investment in special purpose entities, which are often set up for tax reasons.