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The Philippine economy has been growing steadily over decades and the International Monetary Fund in 2014 reported it as the 39th largest economy in the world. The Philippines posted a high GDP growth rate of 7.6 percent in 2022. [37] However, the country is not a part of the Group of 20 nations; instead, it is grouped in a second tier for ...
These figures have been taken from the International Monetary Fund's World Economic Outlook (WEO) Database (October 2024 edition) and/or other sources. [1] For older GDP trends, see List of regions by past GDP (PPP).
Values are given in USDs and have not been adjusted for inflation. These figures have been taken from the International Monetary Fund's World Economic Outlook (WEO) Database (October 2024 edition), [1] World Bank, or various sources.
This is an alphabetical list of countries by past and projected Gross Domestic Product per capita, based on the Purchasing Power Parity (PPP) methodology, not on official exchange rates.
Economic growth in 2020 and 2021 is forecasted to shrink to 6.1% and 6.2% (from 6.5% in both years), respectively, due to a slowdown in public investment and the current China–United States trade war. [38] Additionally, the Philippines and the World Bank have set goals for the Philippines by 2040.
GDP (millions of current international dollar) by country ; Country Percent [1] [2] [3] Nominal PPP Year A [n 1] I [n 2] S [n 3] Agricultural Industrial Services Agricultural Industrial ...
2021 GDP per capita (PHP) 2021 GDP per capita (USD, nominal) 2021 GDP per capita (USD, PPP) % of national average 1 National Capital Region: 440,906 8,947 22,984 254.6 2 Northern Mindanao: 187,057 3,796 9,751 104.1 3 Davao Region: 180,075 3,654 9,387 101.9 4 Cordillera Administrative Region: 177,598 3,604 9,258 98.1 5 Calabarzon: 170,276 3,455 ...
Foreign borrowing was a key element in Philippine development strategy during the Marcos era. The primary rationale was that "borrowed money would speed the growth of the Philippine economy, improving the well-being of present and future generations of Filipinos". [citation needed] Debt-driven growth, 1970–1983