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In the following table, for each country/territory, IMF figures shows government's revenue, expenditure, and net lending (+)/ borrowing (-) as percentage of GDP and in current USD, calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms. [13]
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 bank's primary focus of lending is infrastructure projects [145] [146] with authorized lending of up to $34 billion annually. [146] South Africa hosts the African headquarters of the bank. [147] The bank has a starting capital of $50 billion, with wealth increased to $100 billion over time. [148]
A currency [a] is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. [1] [2] A more general definition is that a currency is a system of money in common use within a specific environment over time, especially for people in a nation state. [3]
A reserve currency is a foreign currency that is held in significant quantities by central banks or other monetary authorities as part of their foreign exchange reserves. [citation needed] The reserve currency can be used in international transactions, international investments and all aspects of the global economy.
Sterling (ISO code: GBP) is the currency of the United Kingdom and nine of its associated territories. [3] The pound is the main unit of sterling, [4] [c] and the word pound is also used to refer to the British currency generally, [7] often qualified in international contexts as the British pound or the pound sterling. [4]
In 2019, UPI accounted for 17% of the ₹31 billion of digital transactions, and in 2022, accounted for 52% of the ₹88.4 billion of digital transactions. [ 104 ] As per Minister of State for Finance Bhagwat Karad , in terms of volume, UPI increased at a CAGR of 147% from 92 crore in FY 2017–18 to 8,375 crore in FY 2022–2023.
The Pakistani rupee was pegged to the pound sterling until 1982, when the government of General Zia-ul-Haq, changed it to a managed float regime. As a result, the rupee devalued by 38.5% between 1982/83, and many of the industries built by his predecessor suffered a huge surge in import costs.