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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 ($507.6 billion), making it the world's 31st largest by nominal GDP and 11th largest in Asia according to the International Monetary Fund .
This is a list of regions and highly urbanized cities of the Philippines by GDP and GDP per capita according to the data by the Philippine Statistics Authority. [ 1 ] [ 2 ] Data for 2023 estimates (international US$ using 2023 PPP conversion factor from the International Monetary Fund ).
The Executive Order made the President of the Philippines the head of the National Economic Council. [ 7 ] [ 12 ] During his administration, President Carlos P. Garcia saw the need to create a new office in charge of the supervision of government corporations, which he called the National Development Authority.
The Freeport Area of Bataan (FAB), formerly known as Mariveles Free Trade Zone from June 21, 1969 to November 20, 1972, and primarily as Bataan Export Processing Zone (BEPZ) and Bataan Economic Zone (BEZ) from November 20, 1972 to October 23, 2009 and secondarily from October 23, 2009 to June 30, 2010), is a special economic zone in Mariveles, Bataan, Philippines.
Media in category "Economy of the Philippines" The following 2 files are in this category, out of 2 total. Philippines foreign relations.PNG 1,425 × 625; 49 KB
But the changes they generated – societally in 1968 in the US and functionally around the globe in 2020 — weren’t as complete and as multidimensional as what I expect for 2024.
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 ...
After World War II, President Manuel Roxas issued Executive Order (EO) No. 94 on October 4, 1947, creating the Department of Commerce and Industry (DCI). [3] Cornelio Balmaceda, a much sought-after professor of economics and director of the Bureau of Commerce (BOC), was appointed acting secretary of the newly created Department of Commerce and Industry.