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The Philippine economy has been growing steadily over decades and the International Monetary Fund in 2014 reported it as the 39th largest economy in the world. The Philippines posted a high GDP growth rate of 7.6 percent in 2022. [37] However, the country is not a part of the Group of 20 nations; instead, it is grouped in a second tier for ...
Starting with a fund of ₱500,000 from the government, SSS' total assets grew to ₱474.7 billion and served 34.2 million members in 2016. [5] In 2018, the Republic Act No. 11199 or the Social Security Act of 2018 was passed, providing mandatory inclusion of Filipinos working domestically and internationally.
Employees working in the government, who can retire as early as age 60, have a set mandatory retirement age of 65. [15] Personnel including officials of the Philippine Armed Forces , the Philippine Coast Guard , the Philippine National Police , the Bureau of Fire Protection , and the Bureau of Jail Management and Penology are required to retire ...
Additionally, the share of GDP contributed by the Philippine agriculture sector declined significantly from over 25% in the 1960s to below 10% by 2022. [7] This decrease aligns with the reduction in agricultural employment, as the economy transitioned toward industry and services.
Workers who have a 401(k), 403(b), most 457 plans, and the federal government's Thrift Savings Plan can contribute up to $22,500 next year, up 9.8% from the limit of $20,500 this year.
2022 GDP (million PHP) 2022 GDP (million USD, nominal) 2022 GDP (million USD, PPP) % of regional GDP 1 Davao City: 495,310 8,940.68 NA 51.9% of Davao Region: 2 Cebu City: 288,640 5,210.15 NA NA Central Visayas: 3 Cagayan de Oro: 261,780 4,725.30 NA 28% of Northern Mindanao: 4 Baguio: 155,030 2,798.40 NA 45.9% of Cordillera Administrative Region ...
February 4. The International Astronomical Union names an asteroid 7431 Jettaguilar in honor of Jose Francisco Aguilar, a medical doctor and amateur astronomer. [12]The United States Federal Bureau of Investigation places three members of Kingdom of Jesus Christ on its most wanted list, among them its founder Apollo Quiboloy, accused of sex trafficking.
This is a list of regions and provinces of the Philippines by Human Development Index (HDI) as of 2024. [1] The HDI is a statistic composite index of life expectancy, education (mean years of schooling completed and expected years of schooling upon entering the education system), and per capita income indicators, which is used to rank countries into four tiers of human development.