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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.
Mindanao (/ ˌ m ɪ n d ə ˈ n aʊ / ⓘ MIN-də-NOW) is the second-largest island in the Philippines, after Luzon, and seventh-most populous island in the world. Located in the southern region of the archipelago, the island is part of an island group of the same name that also includes its adjacent islands, notably the Sulu Archipelago.
Poverty incidence of Calabarzon 2.5 5 7.5 10 12.5 15 2006 10.27 2009 11.92 2012 10.92 2015 12.46 2018 7.15 2021 7.20 Source: Philippine Statistics Authority Calabarzon is the second largest contributor to the national GDP, accounting for 17% of the gross domestic product. The region boasts a 2.1% inflation rate, lower than the national average of 3%. The region has a 9.2% unemployment rate ...
Rizal, officially the Province of Rizal (Filipino: Lalawigan ng Rizal), is a province in the Philippines located in the Calabarzon region in Luzon. Its capital is the city of Antipolo. It is about 16 kilometers (9.9 mi) east of Manila. The province is named after José Rizal, one of the main national heroes of the Philippines.
The province's economy is mainly agricultural due to its vast fertile plains. More than 44 percent of its agricultural area is devoted to crop production. Aside from being one of the Philippine's rice granaries, Pangasinan is also a major producer of coconut, mango and eggplant. Pangasinan is the richest province in the Ilocos Region.
Southern Leyte ranked fifth in terms of population among the six provinces in Eastern Visayas with 9.98 percent of the 3.6 million persons of the region. On the contrary, it was the fastest-growing province in the region. At the national level, the province contributed 0.47 percent to the total population of the Philippines with 76.5 million. [26]
The Philippines is an archipelago that comprises 7,641 islands, [8] and with a total land area of 300,000 square kilometers (115,831 sq mi), it is the world's fifth largest island country. [2][3][9] The eleven largest islands contain 95% of the total land area. The largest of these islands is Luzon at about 105,000 square kilometers (40,541 sq mi).
The Philippine economy is the world's 34th largest, with an estimated 2023 nominal gross domestic product of US$435.7 billion. [11] As a newly industrialized country, [365] [366] the Philippine economy has been transitioning from an agricultural base to one with more emphasis on services and manufacturing.