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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%, comprised 76.5% of the GDP increase for that year. [4]
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.
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]
The economy saw continuous real GDP growth of at least 5% since 2012. The Philippine Stock Exchange index ended 2012 with 5,812.73 points a 32.95% growth from the 4,371.96-finish in 2011. [80] The Philippines achieved an investment grade rating for the first time in the first quarter of 2013.
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 ₱28.05 trillion ($508.79 billion), making it the world's 32nd largest by nominal GDP and 13th largest in Asia according to the International Monetary Fund.
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.
Demography of the Philippines records the human population, including its population density, ethnicity, education level, health, economic status, religious affiliations, and other aspects. The Philippines annualized population growth rate between the years 2015–2020 was 1.53%. [ 6 ]