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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. [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.
Economic growth in 2020 and 2021 is forecasted to shrink to 6.1% and 6.2% (from 6.5% in both years), respectively, due to a slowdown in public investment and the current China–United States trade war. [38] Additionally, the Philippines and the World Bank have set goals for the Philippines by 2040.
This list of global issues presents problems or phenomena affecting people around the world, including but not limited to widespread social issues, economic issues, and environmental issues. Organizations that maintain or have published an official list of global issues include the United Nations, and the World Economic Forum.
"The U.S. is not party to the South China Sea issue, it has no right to get involved in a problem between China and the Philippines," said ministry spokesperson Mao Ning at a regular press ...
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.
Here are more answers to questions about money and currency in the world today. Which currency is the most valuable in the world? The most valuable currency in the world is the Kuwaiti Dinar (KWD ...
The Philippines wins the Guinness World Record for the most participants in a simultaneous bamboo planting session, with 2,305 individuals participating across 19 locations in Leyte and Mindanao. [459] October 25 – Christine Opiaza finishes as first runner-up at Miss Grand International 2024 in Thailand. [460]
At least 13 people have died in the Philippines due to tropical storm Yagi, while schools and government offices were closed in Manila and nearby provinces on Tuesday because of expected bad weather.