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AmBisyon Natin 2040 (literally "Our Ambition 2040") is the twenty-five-year long term vision developed by the Philippine government as a guide for development planning. [1] [2] It is designed to overcome the challenges brought by the Philippines' current political system, which is bound to the limits of the country's six-year presidential terms. [3]
The national 1 July, mid-year population estimates (usually based on past national censuses) supplied in these tables are given in thousands. The retrospective figures use the present-day names and world political division: for example, the table gives data for each of the 15 republics of the former Soviet Union, as if they had already been independent in 1950.
Additionally, the Philippines and the World Bank have set goals for the Philippines by 2040. By that time, the Philippines wants to be free from poverty and sustain a prosperous middle class. [39] In order to do so, the World Bank estimates that income per capita must triple by way of having its economy grow at an average annual rate of 6.5%. [40]
This is an alphabetical list of countries by past and projected Gross Domestic Product, based on the Purchasing Power Parity (PPP) methodology, not on market exchange rates.
The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. [31] In 2025, the Philippine economy is estimated to be at ₱29.66 trillion ($507.6 billion), making it the world's 31st largest by nominal GDP and 11th largest in Asia according to the International Monetary Fund .
This is an alphabetical list of countries by past and projected gross domestic product per capita, based on official exchange rates, not on the purchasing power parity (PPP) methodology.
Through (Executive Order No. 5), the next administration adopted the Ambisyon Natin 2040 as the long-term vision for the Philippines. The order resonates in the administration's medium-term development blueprint, the (Philippine Development Plan 2017-2022). Today, the Philippine economy remains one of the best-performing developing economies in ...
The Department of Energy in December 2023 has urged for the voluntary early and orderly decommissioning or repurposing of existing coal-fired power plants in line of the Philippines' goal to have a 50 percent renewable energy share by 2040. [119] [120]