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The national debt of the Philippines is the total debt, or unpaid borrowed funds, carried by the national government of the Philippines. As of the end of October 2024, the total national debt of the Philippines amounts to ₱15.1889 trillion ($273.9 billion). [1]
This is a complete list of cities and municipalities in the Philippines. The Philippines is administratively divided into 82 provinces ( Filipino : lalawigan ). These, together with the National Capital Region , are further subdivided into cities (Filipino: lungsod ) and municipalities (Filipino: bayan ).
For instance, 1st class cities have an income of ₱ 400 million or more, while 6th class cities earn less than ₱ 80 million in a four-year period. Each city is governed by both the Local Government Code of 1991 [2] and the city's own municipal charter, under the laws of the Philippines.
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.
This is a list of regions and provinces of the Philippines by Human Development Index (HDI) as of 2024. [1] The HDI is a statistic composite index of life expectancy, education (mean years of schooling completed and expected years of schooling upon entering the education system), and per capita income indicators, which is used to rank countries into four tiers of human development.
A city (Filipino: lungsod or siyudad) is one of the units of local government in the Philippines.All Philippine cities are chartered cities (Filipino: nakakartang lungsod), whose existence as corporate and administrative entities is governed by their own specific municipal charters in addition to the Local Government Code of 1991, which specifies their administrative structure and powers.
In contrast, many of the cities with the least mortgage debt are located in the South, where homes tend to be cheaper. Here are the top five cities with the most paid-off mortgages: 1.
In 2020, 54% of the Philippine population lived in urban areas [11] encompassing many cities. Growth in some cities has led to urban spillover in adjacent municipalities. Metro Manila was created in 1975 with the establishment of the Metro Manila Commission.