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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 ($507.6 billion), making it the world's 31st largest by nominal GDP and 11th largest in Asia according to the International Monetary Fund .
Gross domestic product (GDP) is a monetary measure of the total market value [1] of all the final goods and services produced and rendered in a specific time period by a country [2] or countries.
This is a list of regions and highly urbanized cities of the Philippines by GDP and GDP per capita according to the data by the Philippine Statistics Authority. [ 1 ] [ 2 ] Data for 2023 estimates (international US$ using 2023 PPP conversion factor from the International Monetary Fund ).
"Our economy is doing relatively well," he told a media briefing, saying the second-quarter performance was still in line with this year's target for growth in full-year GDP of 6.5% to 7.5%.
While growth in the Philippines remains on track for recovery, the bounce back this year will likely be lower than previously expected at 4.7%, Kevin Chua, World Bank senior economist, told a ...
Top news and what to watch in the markets on Thursday, October 29, 2020.
This is an alphabetical list of countries by past and projected Gross Domestic Product per capita, based on the Purchasing Power Parity (PPP) methodology, not on official exchange rates.
Small businesses are critical to the health of the U.S. economy, as Edwards noted, with firms of fewer than 100 employees creating 63% of all new jobs between 1995 and 2021.