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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.
The third table is a tabulation of the CIA World Factbook GDP (PPP) data update of 2019. The data for GDP at purchasing power parity has also been rebased using the new International Comparison Program price surveys and extrapolated to 2007.
The Philippines had a total installed power capacity of 26,882 MW in 2021; 43 percent was generated from coal, 14 percent from oil, 14 percent hydropower, 12 percent from natural gas, and seven percent from geothermal sources. [452] It is the world's third-biggest geothermal-energy producer, behind the United States and Indonesia. [453]
The term Third World arose during the Cold War to define countries that remained non-aligned with either NATO or the Warsaw Pact.The United States, Canada, Taiwan, Japan, South Korea, Western European countries and other allies represented the "First World", while the Soviet Union, China, Cuba, North Korea, Vietnam, and their allies represented the "Second World".
As of December 2024, 44 countries were still classified as LDC, while eight graduated between 1994 and 2024. [4] The World Trade Organization (WTO) recognizes the UN list and says that "Measures taken in the framework of the WTO can help LDCs increase their exports to other WTO members and attract investment. In many developing countries, pro ...
The World Happiness Report is out, and once again the Nordic countries are humming along with the highest scores. Finland ranks first. These are the world’s happiest countries in 2024
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]
March 21, 2024 at 6:09 AM. Finland held on to its top ranking as the world’s happiest country for the seventh year while the US and Germany dropped out of the top 20, ...