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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.
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Economic growth in 2020 and 2021 is forecasted to shrink to 6.1% and 6.2% (from 6.5% in both years), respectively, due to a slowdown in public investment and the current China–United States trade war. [38] Additionally, the Philippines and the World Bank have set goals for the Philippines by 2040.
This is particularly on economy, business, public administration, foreign relations, sociology, political dynamics and other topics which have policy implications for Philippine concerns. [9] Research Paper Series: a formal publication meant to promote research, stimulate discussion and encourage the use of study results. [10]
The region's contribution to the national economy remains at 2.2 percent. The decline in 2009 was largely due to heavy rains and infestation of pests and deceases in major production areas. The biggest contributor to the regional economy is the agriculture and fishery subsectors which account for 33.5 percent of the region's GRDP. [51]
A comparative graph of Revenue and Tax Effort from 2001 to 2010 [3] A comparative graph of Tax and Non-Tax Revenue contribution from 2001 to 2010 [4]. The Philippine government generates revenues mainly through personal and income tax collection, but a small portion of non-tax revenue is also collected through fees and licenses, privatization proceeds and income from other government ...
Political and cultural history of the Philippines, Volumes 1–2. Barrows, David (2014). A History of the Philippines-Illustrated. ISBN 978-0-34-292-6466. Church, Peter (13 March 2017). A Short History of South-East Asia. John Wiley & Sons. ISBN 978-1-119-06248-6. De Borja, Marciano R. (2005). Basques In The Philippines. University of Nevada Press.
The Philippines’ inflation target is measured through the Consumer Price Index (CPI). For 2009, inflation target has been set to be 3.5 percent, having a 1% tolerance level, and 4.5 percent for 2010, also having 1% tolerance. Also, the Monetary Board of the Philippines announced a target of around 4±1 percent from 2012 to 2014. [14]