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COVID-19 pandemic. Both the national government and local governments have responded to the COVID-19 pandemic in the Philippines with various declarations of emergency, closure of schools and public meeting places, lockdowns, and other restrictions intended to slow the spread of the virus.
The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. 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 .
The Philippine Economic Zone Authority ( PEZA ), formerly known as the Export Processing Zone Authority ( EPZA ), is a Philippine government agency attached to the Department of Trade and Industry, created to help promote investments in the export-oriented manufacturing industry into the country by assisting investors in registering and ...
Economic history of the Philippines (1965–1986) Real GDP per capita development of the Philippines, 1965 to 1986. The 21-year period of Philippine economic history during Ferdinand Marcos’ regime – from his election in 1965 until he was ousted by the People Power Revolution in 1986 – was a period of significant economic lows. [1] [2] [3 ...
The richest 10 percent, meanwhile, took a larger share of the income at 41.7 percent in 1980, up from 37.1 percent in 1970. [61] According to the FIES (Family Income and Expenditure Survey) conducted from 1965 to 1985, poverty incidence in the Philippines rose from 41 percent in 1965 to 58.9 percent in 1985.
As of 2022, 5.23 million Filipinos were employed in the tourism industry and as of September 2023, the Philippines generated ₱316.9 billion ($5.5 billion) in revenue from tourists, coming mostly from South Korea, the United States and Japan. [6]
The Philippines is generally mountainous; uplands make up 65 percent of the country's total land area. [53]: 38 [201] The Philippines is an archipelagoof about 7,641 islands,[202][203]covering a total area (including inland bodies of water) of about 300,000 square kilometers (115,831 sq mi).
Future outlook. For the year 2016, the BPO industry of the Philippines projected an overall positive growth rate. Activity in the industry appeared to be robust enough such that the industry's projected total income range could reach $20 to $27 billion by 2016 and $40 to $55 billion by 2020.
The Philippines is a net importer of fossil fuels. For the sake of energy security, there is momentum to develop renewable energy sources. The types available include hydropower, geothermal power, wind power, solar power and biomass power. The government of the Philippines has legislated a number of policies in order to increase the use of ...
The Philippines sought danger listing as a way to raise national and international support and cooperation in the preservation of the heritage site. Critic W.S. Logan described the flight of locals from the land as an example of heritage designations created by bureaucrats and policy makers rather than local communities.