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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 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.
This is the map and list of Asian countries by monthly average wage (annual divided by 12 months) gross and net income (after taxes) average wages for full-time employees in their local currency and in US Dollar. The chart below reflects the average (mean) wage as reported by various data providers.
The Labor policy in the Philippines is specified mainly by the country's Labor Code of the Philippines and through other labor laws. They cover 38 million Filipinos who belong to the labor force and to some extent, as well as overseas workers. They aim to address Filipino workers’ legal rights and their limitations with regard to the hiring ...
The international poverty rate used by the World Bank is used in the following list. The national poverty rate of the Philippines was estimated to be at 22.4% in early 2023. This was the share of the Population whose per capita income was not sufficient to meet the basic food and non-food needs. [1]
Figures exclude cities in Metro Manila. GDP (Nominal) figures based on 2018 Philippine Constant Prices as published by the Philippine Statistics Office on their various public releases in 2023. GDP in PPP using 2018 Constant Prices not publicized. GDP in USD using 2023 Exchange Rates. % of GDP Regional not publicized for Central Visayas Cities.
GoodWork, a Philippines-based booking platform for home services, has raised a $1.6 million seed round it will use to expand into new Southeast Asian markets. The funding was led by Chaac Ventures ...
Netherlands. €1,934.40 (US$2288) per month, and €11.16 (US$13.2) per hour for persons 21 and older; between 30–80% (as low as €3.35 per hour) of this amount for persons aged 15–20. [171] An additional holiday allowance of 8% of the annual wage is paid in May or June, prorated for the time worked in the year. 24,925.
The Labor Code of the Philippines is the legal code governing employment practices and labor relations in the Philippines. It was enacted through Presidential Decree No. 442 on Labor day, May 1, 1974, by President Ferdinand Marcos in the exercise of his then extant legislative powers. [1]