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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.
This is an accepted version of this page This is the latest accepted revision, reviewed on 26 January 2025. World map of countries or territories by Human Development Index scores in increments of 0.050 (based on 2022 data, published in 2024) ≥ 0.950 0.900–0.950 0.850–0.899 0.800–0.849 0.750–0.799 0.700–0.749 0.650–0.699 0.600–0.649 0.550–0.599 0.500–0.549 0.450–0.499 0. ...
AmBisyon Natin 2040 (literally "Our Ambition 2040") is the twenty-five-year long term vision developed by the Philippine government as a guide for development planning. [1] [2] It is designed to overcome the challenges brought by the Philippines' current political system, which is bound to the limits of the country's six-year presidential terms. [3]
The Philippines, [f] officially the Republic of the Philippines, [g] is an archipelagic country in Southeast Asia.In the western Pacific Ocean, it consists of 7,641 islands, with a total area of roughly 300,000 square kilometers, which are broadly categorized in three main geographical divisions from north to south: Luzon, Visayas, and Mindanao.
Country HDI Members Very high human development 1 Singapore: 0.949 2 Brunei: 0.823 3 Malaysia: 0.807 4 Thailand: 0.803 High human development ― World (average) 0.739 ― ASEAN (average) 0.736 5 Vietnam: 0.726 6 Indonesia: 0.713 7 Philippines: 0.710 Medium human development 8 Laos: 0.620 9 Myanmar: 0.608 10 Cambodia: 0.600 Observers Medium ...
The index was developed in 1990 by Pakistani economist Mahbub ul Haq [1] and Indian economist Amartya Sen. [ 2 ] The table below presents the latest Human Development Index (HDI) [ 3 ] for countries in Asia and the Pacific as included in a Development report of united nations development programme released on 13 March 2024 and based on data ...
NICs are countries whose economies have not yet reached a developed country's status but have, in a macroeconomic sense, outpaced their developing counterparts. Such countries are still considered developing nations and only differ from other developing nations in the rate at which an NIC's growth is much higher over a shorter allotted time period compared to other developing nations. [3]
Previously, the Philippines was seen as a trading post for international trade but in the nineteenth century it was developed both as a source of raw materials and as a market for manufactured goods. The economy of the Philippines rose rapidly and its local industries developed to satisfy the rising demands of an industrializing Europe.