Search results
Results From The WOW.Com Content Network
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 .
The Philippine economy is the world's 34th largest, with an estimated 2023 nominal gross domestic product of US$435.7 billion. [13] As a newly industrialized country , [ 468 ] [ 469 ] the Philippine economy has been transitioning from an agricultural base to one with more emphasis on services and manufacturing.
Manila in the 1900s. The results of the economy under the Americans were mixed. An initial phase of high growth occurred during the 1910s due to the recovery from the wars with Spain and the US, and investment in agriculture. The Philippines would at first briefly outpace its neighbors.
Income tax in the Philippines is a progressive tax, as people with higher incomes pay more than people with lower incomes. Personal income tax rates vary as such: [ 7] Annual Taxable Income. Income Tax Rate. Less than ₱10,000. 5%. Over ₱10,000 but not over ₱30,000. ₱500 + 10% of the excess over ₱10,000. Over ₱30,000 but not over ...
List of regions of the Philippines by GDP. This is a list of regions and highly urbanized cities of the Philippines by GDP and GDP per capita according to the data by the Philippine Statistics Authority. [ 1][ 2] Data for 2023 estimates (international US$ using 2023 PPP conversion factor from the International Monetary Fund ). [ 3]
U.S. Vice President Kamala Harris meeting with Philippine Vice President Sara Duterte in Manila, November 21, 2022. Philippines–United States relations ( Filipino: Ugnayang Pilipinas at Estados Unidos) are the bilateral and diplomatic relations of the Republic of the Philippines and the United States of America.
The exclusive economic zone of the Philippines (Philippine EEZ), per the mandate of the United Nations Convention on the Law of the Sea (UNCLOS), consists of four subzones. [1] It covers 2,263,816 square kilometers (874,064 sq mi) of sea. The Philippines has 7,641 islands comprising the Philippine archipelago. [2]
Economic history of the Philippines (1965–1986) Real GDP per capita development of the Philippines, 1965 to 1986. The 21-year period of Philippine economic history during Ferdinand Marcos’ regime – from his election in 1965 until he was ousted by the People Power Revolution in 1986 – was a period of significant economic lows. [ 1][ 2 ...