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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 2024, the Philippine economy is estimated to be at ₱26.55 trillion ($471.5 billion), making it the world's 32nd largest by nominal GDP and 13th largest in Asia according to the International Monetary Fund.
List of regions of the Philippines by GDP. This is a list of regions and highly urbanized cities of the Philippines by GDP and GDP per capita according to the data by the Philippine Statistics Authority. [1][2] Data for 2023 estimates (international US$ using 2023 PPP conversion factor from the International Monetary Fund). [3]
The Philippine economy is the world's 34th largest, with an estimated 2023 nominal gross domestic product of US$435.7 billion. [14] As a newly industrialized country, [374] [375] the Philippine economy has been transitioning from an agricultural base to one with more emphasis on services and manufacturing.
MANILA (Reuters) -The Philippine economy's recovery momentum slowed in the second quarter amid high inflation, but the government is confident this year's growth target remains achievable, giving ...
Real GPD per capita development of the Philippines. The economic history of the Philippines is shaped by its colonial past, evolving governance, and integration into the global economy. Prior to Spanish colonization in the 16th century, the islands had a flourishing economy centered around agriculture, fisheries, and trade with neighboring ...
GDP (millions of current international dollar) by country Country Percent [1] [2] [3] Nominal PPP ... Philippines: 112.000 [4] 475,950: 4,291: 1,393,632: 12,433 [5] 5
Rank Country GDP (millions of USD) 1 China 17,700,899 2 Japan 4,230,862 3 India 3,732,224 4 South Korea 1,709,232 5 Australia 1,687,713 6 Indonesia 1,417,387 7 Taiwan ...
Agriculture in the Philippines is a major sector of the economy, ranking third among the sectors in 2022 behind only Services and Industry. Its outputs include staples like rice and corn, but also export crops such as coffee, cavendish banana, pineapple and pineapple products, coconut, sugar, and mango. [ 1 ]