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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.
These figures have been taken from the International Monetary Fund's World Economic Outlook (WEO) Database, October 2024 Edition. [1] The figures are given or expressed in Millions of International Dollars at current prices.
May 11 – Irha Mel Alfeche of Matanao, Davao del Sur is crowned Miss Philippines Earth 2024 in the pageant's coronation event held in Talakag, Bukidnon. [424] May 22: Chelsea Manalo of Bulacan is crowned Miss Universe Philippines 2024 in the pageant's coronation night held at the SM Mall of Asia Arena in Pasay. [425]
2019–2024 Completed March 2023 (partial), December 2024 (full) North Luzon Expressway (NLEX) Segment 8.2: 2019–2024 Under-construction South Luzon Expressway (SLEX) Toll Road 4 (TR4) Under-construction South Luzon Expressway (SLEX) Toll Road 5 (TR5) Segment 1 2019–2024 Under-construction Southeast Metro Manila Expressway: Under-construction
But the changes they generated – societally in 1968 in the US and functionally around the globe in 2020 — weren’t as complete and as multidimensional as what I expect for 2024.
April – The Miss Supermodel Worldwide pageant will be held in the Philippines. [52] May 31 – Krishnah Gravidez will compete at Miss World 2024 in India. [56] June 28 – Tarah Valencia will compete at Miss Supranational 2025 in Poland. [57] November 29 – The Miss Tourism International 2025 pageant will be held in Davao City. [58]
The Freeport Area of Bataan (FAB), formerly known as Mariveles Free Trade Zone from June 21, 1969 to November 20, 1972, and primarily as Bataan Export Processing Zone (BEPZ) and Bataan Economic Zone (BEZ) from November 20, 1972 to October 23, 2009 and secondarily from October 23, 2009 to June 30, 2010), is a special economic zone in Mariveles, Bataan, Philippines.
The national debt of the Philippines is the total debt, or unpaid borrowed funds, carried by the national government of the Philippines. As of the end of October 2024, the total national debt of the Philippines amounts to ₱15.1889 trillion ($273.9 billion). [1]