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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 ...
1984 and 1985 saw the worst recession in Philippine history, with the economy contracting by 7.3% for two successive years. [1] Data from the Philippine Statistics Authority for 1985 showed that poverty incidence in families was at 44.2%—4.3 percentage points higher than in 1991 during the presidency of Corazon Aquino. [37]
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.
Philippine National Bank (1916–1949) Website. www.bsp.gov.ph. The Bangko Sentral ng Pilipinas (lit. 'Central Bank of the Philippines'; commonly abbreviated as BSP in both Filipino and English) is the central bank of the Philippines. It was established on January 3, 1949, and then re-established on July 3, 1993 pursuant to the provision of ...
The Philippines' Bureau of Fisheries and Aquatic Resources (Filipino: Kawanihan ng Pangisdaan at Yamang-tubig, [2] abbreviated as BFAR), is an agency of the Philippine government under the Department of Agriculture responsible for the development, improvement, law enforcement, management and conservation of the Philippines' fisheries and aquatic resources.
The 1969 Philippine balance of payments crisis was a currency crisis experienced by the Philippine economy as a result of heavy government spending linked to Ferdinand Marcos' campaign for his second presidential term in 1969. [ 1][ 2][ 3] It was notable for being the first major economic crisis of the Marcos Administration, and for triggering ...
e. The history of the Philippines from 1898 to 1946 is known as the American colonial period, and began with the outbreak of the Spanish–American War in April 1898, when the Philippines was still a colony of the Spanish East Indies, and concluded when the United States formally recognized the independence of the Republic of the Philippines on ...
The following 23 pages are in this category, out of 23 total. This list may not reflect recent changes . Economic history of the Philippines. 1997 Asian financial crisis. 2022–2023 Philippine onion crisis. APEC Philippines 1996. APEC Philippines 2015. Bell Trade Act. Binondo Central Bank.