GDP growth is expected to finish 2007 closer to the upper end of the government's targeted 6.1%-6.7% growth range. Still, it will take a higher, sustained economic growth path to make more appreciable progress in poverty alleviation given the Philippines' annual population growth rate of ...
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...
Religions:Roman Catholic 79.5%, Muslim 6%, Iglesia ni Cristo 2.6%, Evangelical 2.4%, National Council of Churches in the Philippines 1.1%, other 7.4%, none <0.1% (2015 est.) Literacy rate:96.3% (2019) Economic summary:GDP/PPP(2020 est.): $871.56 billion; per capita $8,000.Real growth...
The growth of the real gross domestic product (GDP) in the Philippines was forecast to increase between 2024 and 2029 by in total 0.6 percentage points. This overall increase does not happen continuously, notably not in 2029. The growth is estimated to amount to 6.31 percent in 2029. As d...
The Philippines GDP expanded 6.3% year-on-year in the second quarter of 2024, accelerating from an upwardly revised 5.8% growth in the previous period and beating market forecasts of 6.2%. It marked the fastest economic expansion since the first quarter of 2023, driven by a sharp increase in...
Philippines spends 5.1% of its total GDP on healthcare as of 2020. In Iceland, that number is 9.6% of GDP as of 2020. Geography see86.3%less coastline Philippines has a total of 36,289 km of coastline. In Iceland, that number is 4,970 km. ...
3 While the country's trade deficit narrowed in 2023, it remains elevated at $52 billion due to slowing global demand and geopolitical uncertainties.4Looking ahead to 2024, the current economic forecast for the Philippines projects a GDP growth of between 5 and 6 percent. 2 Inflation rates ...
Over the next decade the Philippines economy is forecast to continue to grow rapidly, with total GDP increasing from USD 400 billion in 2021 to USD 830 billion in 2031. A key growth driver will be rapid growth in private consumption spending, buoyed by strong growth in urban househol...
Public Consumption: % of GDP (%) 13.8 Dec 2022 quarterly Mar 1981 - Dec 2022 Real GDP Growth (%) 7.1 Dec 2022 quarterly Mar 1999 - Dec 2022 Total Trade of Goods & Services: % of Nominal GDP (%) 73.650 Sep 2024 quarterly Mar 1981 - Sep 2024 Production Last Frequency Range Gol...
show that as of June 2023, the value of assets within the financial system totaled PHP 23.44 trillion (USD 419.5 billion) or around 106% of GDP, and banks accounted for more than 94% of the total assets of the financial institution system. Thus, the banking sector in the Philippines refle...