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Source:Philippines GDP-Real Growth Rate-Economy(www.indexmundi.com) [3] According to World Bank Country Director Motoo Konishi, the Philippines had become a "rising tiger" in East Asia. However, at the same time, during the 2010–2011 fiscal year, the increase in the wealth of the richest families in the Philippines, amounting to 47.39% ...
Poverty in the Philippines has been linked to bad governance, corruption, and a political system dominated by political dynasties. [24] [25] The country's poorest provinces are ruled by political dynasties. [26] [27] Additionally, there are the problem of extractive institutions that hinder the country's economic growth. [28]
Category: Social issues in the Philippines. 3 languages. ... Animal welfare and rights in the Philippines (2 C, 1 P) C. Corruption in the Philippines (1 C, 8 P) P.
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.
The Build!Build! Build! Infrastructure Program (BBB) was the infrastructure program of the administration of Rodrigo Duterte, the 16th president of the Philippines.A key component of his socioeconomic policy, the program aimed to reduce poverty, encourage economic growth and reduce congestion in Metro Manila, and address the country's infrastructure gap.
On July 5, 2018, the inflation rate of the country soared to 5.2%, its highest in 5 years. [24] The inflation rate worsened the impacts of the government's new tax policy, increasing the price of all goods in the country. [25] In September 2018, the inflation rate of the country further increased to 6.7%, its highest in a decade.
Researchers have proposed that corruption and poor governance as among the causes of poverty in the Philippines. [5] The Philippines signed the United Nations Convention against Corruption on December 9, 2003, with the Senate ratifying the convention on November 6, 2006. In 2012, the Senate declared that National Anticorruption Day shall be ...
In the Philippines about 47 to 50% of the population can and has access to the Internet. [5] Initially the Philippines only had BBS (Bulletin board system) access, however after March 29, 1994, the Philippine Network Foundation (PHNet) connected the country to the web via Sprint. As of 2010, 29.3 million Filipinos were using the internet.