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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 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]
The underemployment rate eased to 26.2 percent in 2012 from 28 percent in 2010, but is still much higher than the end-of-plan target of 20 percent. Employment in the region has increased by 2.79 percent between 2010 and 2012, a bit higher than the national average of 2.16 percent.
3.50%. Preceded by. Central Bank of the Philippines (1949–1993) Philippine National Bank (1916–1949) Website. www .bsp .gov .ph. The Bangko Sentral ng Pilipinas ( lit. 'Central Bank of the Philippines'; commonly abbreviated as BSP in both Filipino and English) is the central bank of the Philippines. It was established on July 3, 1993 ...
2. 651 units of KM-450 trucks were purchased by AFP in 2007 (603 for Army, the rest shared by General Headquarters and Philippine Air Force), and 137 units in December 2010. [44] [45] 190 more were delivered in 2013. 60 units of KM-451 were purchased by AFP in 2012, of which 48 went to the Army.
April 8 – Biliran established as sub-province of Leyte through Republic Act No. 2141. May 22 – Lanao province divided into Lanao del Norte and Lanao del Sur through Republic Act No. 2228. July 1 – Southern Leyte separated from Leyte through Republic Act No. 2227 approved on May 22, 1959. 1960–1969
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