Economic summary: GDP/PPP (2020 est.): $871.56 billion; per capita $8,000. Real growth rate: 6.04%. Inflation: 2.4%. Unemployment: 5.11%. Arable land: 18.2%. Agriculture: sugarcane, coconuts, rice, corn, bananas, cassavas, pineapples, mangoes; pork, eggs, beef; fish. Labor force: ...
The Philippines economy has shown strong growth momentum during 2022, with GDP growth rising to 7.6% y/y in the third quarter of 2022. The easing of domestic COVID-19 restrictions during 2022 has allowed the rebound of household consumption spending, which helped to drive strong econom...
Economic summary:GDP/PPP(2020 est.): $871.56 billion; per capita $8,000.Real growth rate:6.04%.Inflation:2.4%.Unemployment:5.11%.Arable land:18.2%.Agriculture:sugarcane, coconuts, rice, corn, bananas, cassavas, pineapples, mangoes; pork, eggs, beef; fish.Labor force:41.533 million; agricult...
GDP per capita $3,409 (2020) Currency Piso or Peso The Philippines is a nation comprised of 7,107 islands in the South China Sea, north of Indonesia, east of Vietnam and south of Taiwan. The main geographic divisions are the island of Luzon in the north, Mindanao in the south, an...
Gross domestic product (GDP) per capita in the Philippines 2029 Gross domestic product (GDP) growth rate in the Philippines 2029 Philippines: Share in global GDP adjusted for PPP 2029 Share of economic sectors in the GDP in Philippines 2022 Employment by economic sector in the Philippines 2022 ...
Philippines has a GDP per capita of $9,700 as of 2023, while in Iceland, the GDP per capita is $66,500 as of 2023. be51.4%less likely to live below the poverty line In Philippines, 18.1% live below the poverty line as of 2021. In Iceland, however, that number is 8.8% as of ...
“Rapidly rising per capita GDP and standards of living will help to underpin a broad improvement in human development indicators and should deliver a significant reduction in the share of the population living in extreme poverty over the decade ahead,” Biswas added....
The main drivers are GDP per capita, consumer spending per capita, and 5G penetration rate. Additional notes:The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated ...
economies in Southeast Asia, described by the World Bank as a “development success story”23. Economic reforms and beneficial global trends have helped transform it from one of the world’s poorest nations into a middle-income economy with a GDP per capita forecast to reach US$4.72k in ...
The Philippines has gradually shifted from an agrarian to an industrial and service-oriented economy. In 1980, agriculture accounted for about one-fourth of the nation’s GDP, but that has dwindled over the years to 9.3%. The agricultural sector includes forestry, hunting, fishing, the cultivati...