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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. 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 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.
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 ...
Tourism is an important sector for the Philippine economy. The travel and tourism industry contributed 6.2% to the country's GDP in 2022; [1] this was lower than the 12.7% recorded in 2019 prior to the COVID-19 lockdowns. [2] Coastal tourism, encompassing beach and diving activities, constitutes 25% of the Philippines' tourism revenue, serving ...
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 facilitating their business operations and providing tax ...
On April 14, 2020, the Philippines' national government began "progressive mass testing" for COVID-19 after it received "tens of thousands of testing kits" from various donor countries, and SARS-COV-2 test kits produced by the University of the Philippines' Philippine Genome Center became available.
The Philippines, officially the Republic of the Philippines, is an archipelagic country in Southeast Asia. In the western Pacific Ocean , it consists of 7,641 islands , with a total area of 300,000 square kilometers, [17] which are broadly categorized in three main geographical divisions from north to south: Luzon , Visayas , and Mindanao .
Tanay, officially the Municipality of Tanay ( Tagalog: Bayan ng Tanay IPA: [tɐˈnaɪ] ), is a 1st class municipality in the province of Rizal, Philippines. According to the 2020 census, it has a population of 139,420 people. [4] Tanay is located 37 kilometres (23 mi) from Antipolo and 54 kilometres (34 mi) from Manila.