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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 relationship has been historically strong, described by some as a "special relationship" [1] [2] as a consequence of the Philippines' American ...
The gross national income (GNI), previously known as gross national product (GNP), is the total amount of factor incomes earned by the residents of a country. It is equal to gross domestic product (GDP), plus factor incomes received from non-resident by residents, minus factor income paid by residents to non-resident.
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 ₱28.05 trillion ($508.79 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, [376] [377] the Philippine economy has been transitioning from an agricultural base to one with more emphasis on services and manufacturing.
In the third quarter of 1981, disaster for the Philippines came when the US economy went into recession, forcing the Reagan administration to increase interest rates. [1] "Third world" countries like the Philippines and many of the nations of Latin America were highly debt dependent, and the size of their debt made debt servicing very difficult ...
Market exchange rate-based cross-country comparisons of GDP at its expenditure components reflect both differences in economic outputs (volumes) and prices. Given the differences in price levels, the size of higher income countries is inflated, while the size of lower income countries is depressed in the comparison.
Gross domestic product (GDP) is defined as "the value of all final goods and services produced in a country in 1 year". [3] Gross national product (GNP) is defined as "the market value of all goods and services produced in one year by labour and property supplied by the residents of a country." [4]
The European Union and the Philippines shares diplomatic, economic, cultural and political relations. The European Union has provided €3 million to the Philippines to fight poverty and €6 million for counter-terrorism against terrorist groups in the Southern Philippines. The European Union is also the third largest trading partner of the ...