Search results
Results from the WOW.Com Content Network
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 ...
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 ($507.6 billion), making it the world's 31st largest by nominal GDP and 11th largest in Asia according to the International Monetary Fund.
Under Commonwealth Act No. 2, enacted on December 23, 1935, an advisory body for economic concerns of the Philippines called the National Economic Council was tasked with advising the government on economic and financial matters, and formulate an economic program based on national independence. [6]
Gross domestic product (GDP) is a monetary measure of the total market value [1] of all the final goods and services produced and rendered in a specific time period by a country [2] or countries. [ 3 ] [ 4 ] [ 5 ] GDP is often used to measure the economic performance of a country or region. [ 2 ]
While growth in the Philippines remains on track for recovery, the bounce back this year will likely be lower than previously expected at 4.7%, Kevin Chua, World Bank senior economist, told a ...
The Bureau of Economic Analysis released its first print on second-quarter gross domestic product Friday morning at 8:30 a.m. ET. GDP grew 2.1% in the second quarter, beating expectations [Video ...
This is a list of regions and highly urbanized cities of the Philippines by GDP and GDP per capita according to the data by the Philippine Statistics Authority. [ 1 ] [ 2 ] Data for 2023 estimates (international US$ using 2023 PPP conversion factor from the International Monetary Fund ).
The Philippine economy is the world's 34th largest, with an estimated 2023 nominal gross domestic product of US$435.7 billion. [380] As a newly industrialized country, [381] [382] the Philippine economy has been transitioning from an agricultural base to one with more emphasis on services and manufacturing.