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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. 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 .
The economy saw continuous real GDP growth of at least 5% since 2012. The Philippine Stock Exchange index ended 2012 with 5,812.73 points a 32.95% growth from the 4,371.96-finish in 2011. [80] The Philippines achieved an investment grade rating for the first time in the first quarter of 2013.
The Philippines is an emerging market and a newly industrialized country, whose economy is transitioning from being agricultural to service- and manufacturing-centered. It is a founding member of the United Nations , the World Trade Organization , ASEAN , the Asia-Pacific Economic Cooperation forum, and the East Asia Summit ; it is a member of ...
Speaker. v. t. e. Maria Gloria Macaraeg Macapagal-Arroyo ( Tagalog: [ˈɡloɾja makapaˈɡal ʔaˈɾojo]; born April 5, 1947 [3] ), often referred to as PGMA or GMA, is a Filipino academic and politician who served as the 14th president of the Philippines from 2001 to 2010. She is the longest-serving president since Ferdinand Marcos.
Fiscal policy are "measures employed by governments to stabilize the economy, specifically by manipulating the levels and allocations of taxes and government expenditures". [1] In the Philippines, this is characterized by continuous and increasing levels of debt and budget deficits, though there were improvements in the last few years of the ...
September. September 27 – Typhoon Pedring (international name Nesat) [34] made its landfall in the provinces of Isabela and Aurora and affected Metro Manila. It caused heavy damage to infrastructure. 9 confirmed death, almost 2 billion pesos cost of damage was reported and at least 20 fishermen were reported missing.
The presidency of Benigno Aquino III began on June 30, 2010, when he became the 15th president of the Philippines, succeeding Gloria Macapagal Arroyo. His term ended on June 30, 2016. Aquino, the third-youngest person elected president, [1] is the only son of the 11th president, Corazon Aquino, and former senator Benigno Aquino Jr.
This is a list of regions and highly urbanized cities of the Philippines by GDP and GDP per capita according to the data by the Philippine Statistics Authority. [1] [2] Data for 2023 estimates (international US$ using 2023 PPP conversion factor from the International Monetary Fund ). [3]