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The Philippines’ inflation target is measured through the Consumer Price Index (CPI). For 2009, inflation target has been set to be 3.5 percent, having a 1% tolerance level, and 4.5 percent for 2010, also having 1% tolerance. Also, the Monetary Board of the Philippines announced a target of around 4±1 percent from 2012 to 2014. [14]
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 .
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.
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The region has the highest literacy rate among all the regions of the Philippines, with 99.2% in 2008. Literacy rate for males is at 99.0% while literacy rate for females is at 99.4%. [131] For the school year of 2008–2009, Metro Manila has 511 public elementary schools and 220 public secondary schools.
Claire Dennis Sioson Mapa (born November 6, 1969) is a Filipino economist and statistician. He is the National Statistician and Civil Registrar General (NSCRG) of the Philippine Statistics Authority with a rank of Undersecretary as appointed by President Rodrigo Duterte.
The template supports inflation calculation, by way of {}. If the second parameter is used, to specify a year, and this year is within a certain range of available inflation data (specifically, if 1899 ≤ year < 2021), the equivalent value represented in 2021 pesos will be calculated in parentheses. However, this function should only be used ...
Philippine Spanish speakers may be found nationwide, mostly in urban areas but with the largest concentration of speakers in Metro Manila.Smaller communities are found particularly in regions where the economy is dominated by large agricultural plantations, such as the sugarcane-producing regions of Negros, particularly around Bacolod and Dumaguete, and in the fruit-producing regions of ...