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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 ($507.6 billion), making it the world's 31st largest by nominal GDP and 11th largest in Asia according to the International Monetary Fund .
This is a list of regions and highly urbanized cities of the Philippines by GDP and GDP per capita according to the data by the Philippine Statistics Authority. [ 1 ] [ 2 ] Data for 2023 estimates (international US$ using 2023 PPP conversion factor from the International Monetary Fund ).
Nominal GDP sector composition (2005 constant prices) [ edit ] Nominal GDP sector composition, 2015 (in millions of 2005 USD ): [ 5 ] [ 6 ] 2005 prices are used similarly to 2010 constant prices in which they provide economic statistics where inflation is accounted for.
Gross domestic product (GDP) measures the market value of all goods and services a country produces in a specific time frame. It’s used to gauge a nation’s economic growth and its people's ...
Marcos, thereafter, crafted a government reorganization plan which included a National Economic Development Authority and submitted it to Congress for their approval. [7] In 1972, the National Economic Development Authority (without the conjunction “and”) was created as the government's central planning body.
In 1948, President Elpidio Quirino moved the seat of government of the Philippines to Quezon City, a new capital in the suburbs and fields northeast of Manila, which was created in 1939 during the administration of President Manuel L. Quezon. [84] The move ended any implementation of the Burnham Plan's intent for the government center to be at ...
The government of the Philippines (Filipino: Pamahalaan ng Pilipinas) has three interdependent branches: the legislative, executive, and judicial branches.The Philippines is governed as a unitary state under a presidential representative and democratic constitutional republic in which the president functions as both the head of state and the head of government of the country within a pluriform ...
Administrative regions are groupings of geographically adjacent LGUs that are established, disestablished, and modified by the president of the Philippines based on the need to more coherently make economic development policies and coordinate the provision of national government services within a larger area beyond the province level.