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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.
The Department of Environment and Natural Resources (Filipino: Kagawaran ng Kapaligiran at Likas na Yaman), abbreviated as DENR, is the executive department of the Philippine government responsible for the conservation, management, development, and proper use of the country’s environment in natural resources, specifically forest and grazing lands, mineral resources, including those in ...
Natural resources are derived from the environment. Many natural resources are essential for human survival, while others are used to satisfy human desire. Conservation is the management of natural resources with the goal of sustainability. Natural resources may be further classified in different ways. [1] Resources can be categorized based on ...
Mineral Resources are further sub-divided, in order of increasing geological confidence, into inferred, indicated and measured as categories. Inferred Mineral Resource is the part of a mineral resource for which quantity, grade (or quality) and mineral content can be estimated with a low level of confidence.
Classification and management of natural resources such as minerals and petroleum are classified using differing schemes. [4] [5] In 1997, UNECE published the United Nations Framework Classification for Reserves and Resources of Solid Fuels and Mineral Commodities (UNFC-1997) as a unifying international system for classifying solid minerals and fuels. [6]
Protected areas in the Philippines encompasses 4,620,000 hectares (11,400,000 acres) of terrestrial areas and 3,140,000 hectares (7,800,000 acres) of marine areas. [1] They are managed according to the following classifications described in Section 4 of the National Integrated Protected Areas System Act of 1992 (NIPAS Act).
The Philippines is the world's second-biggest geothermal energy producer behind the United States, with 18% of the country's electricity needs being met by geothermal power. [41] Mount Pinatubo is notorious for its destructive VEI-6 eruption on June 15, 1991. Taal Volcano, one of the Decade Volcanoes, had a VEI-3.7 eruption on January 12, 2020.
Strawberries grown in the Philippines. The Philippines is the world's third largest producer of pineapples, producing more than 2.4 million of tonnes in 2015. [49] The Philippines was in the top three banana producing countries in 2010, including India and China. [50] Davao and Mindanao contribute heavily to the total national banana crop. [50]