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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 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 .
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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 countries like China, Japan, and Southeast Asia.
Because of this growth, the Western Visayas economy increased its contribution to the gross domestic product in 2009 to 7.6 percent from the 7.3 percent in 2008. [49] In Central Visayas, the long-term goal is for it to be the leading growth center in the country, that would steer the Philippine economy into greater heights.
Poverty in the Philippines is a complex issue influenced by various factors, including economic inequality, corruption, and inadequate access to education. The disparity in income across different regions and sectors creates significant barriers for many Filipinos, limiting their opportunities for upward mobility.
This is an accepted version of this page This is the latest accepted revision, reviewed on 19 January 2025. ← 2013 2012 2011 2014 in the Philippines → 2015 2016 2017 Decades: 1990s 2000s 2010s 2020s See also: List of years in the Philippines films music television sports 2014 in the Philippines details events of note that happened in the Philippines in the year 2014. Incumbents Benigno S ...
Action for Economic Reforms (AER) is a Philippine non-government organization engaged in research and advocacy. [1] It was founded in 1996 by a group of progressive scholars and activists as an "independent, reform-oriented and activist policy group".
Air pollution causes significant health and economic problems in the Philippines. [21] An estimated 66,000 deaths annually have been directly linked to air pollution. [22] The Department of Environment and Natural Resources is tasked with implementing the Clean Air Act of 1999 to monitor and prevent air pollution in the country. [23]