The economy of the Philippines is the world s 27th largest economy by nominal GDP according to the International Monetary Fund 2024 and the 10th largest economy in Asia The Philippines is one of the emerging markets and the 3rd highest in Southeast Asia by GDP nominal after Thailand and Indonesia The Philippines is primarily considered a newly industrialized country which has an economy in
Get PriceAccording to the Department of Education and the National Statistical Coordination board in the Philippines 1 in 6 Filipinos will not attend school; and only 7 out of 10 Filipinos can attend and
Get PriceThe Philippine Economy Prospects and Challenges Arsenio M Balisacan PhD Secretary National Economic and Development Authority Economic Briefing and General Membership Meeting Management Association of the Philippines Bonifacio Hall Shangri la at The Fort 19 August 2024 12 50 P M Governor Philip Medalla MAP President and my former colleague in the Cabinet Babes Singson Governors of
Get PriceSep 14 2020The Foreign Trade Statistics FTS of the Philippines is an annual compilation of import and export trade statistics generated from the monthly reports of importers exporters or their authorized representatives in the Philippines It presents information on the value and volume of Philippine trade with other countries
Get Price62 80 2 10 1958 2024 percent Monthly Compare Inflation Rate by Country News Stream Philippines Inflation Rate Highest in Near 4 Years The annual inflation rate in the Philippines rose to 6 4% in July 2024 from 6 1% in June pointing to the highest level since October 2024 and exceeding market consensus of 6 2%
Get PriceSeptember 1998 Volume 35 Number 3 Poverty and Economic Policy in the Philippines Philip Gerson Past economic policies that hampered growth and the resistance of powerful elites to much needed reforms were largely responsible for the high incidence and persistence of poverty in the Philippines Recent policy changes have spurred growth
Get PricePage 1 of 12 E COMMERCE IN THE PHILIPPINES ENACTED LAWS/POLICY ISSUANCES CHRONOLOGY OF EVENTS As of 6/30/20 Date Issued Title 14 Jun 2024 RA 8792 E Commerce Act of 2024 ECA An Act Providing for the Recognition and Use of Electronic Commercial and Non Commercial Transactions and
Get PriceWithin these 17 regions in the Philippines there are 42 046 barangays 1488 municipalities 146 cities The annual global export value of the thousands of types of plants with medicinal properties was estimated to be US$2 2 billion in 2024 Region 6 Western Visayas census of 2024 Population 7 954 723; File Census 2024 for region 6
Get Pricethe local and export markets Contribution to global trade Between 2024 and 2024 agriculture and fisheries sector exports rose from US$2 5 billion to US$4 1 billion The top agricultural exports in terms of value are coconut oil fresh banana tuna pineapple tobacco and seaweeds The overall balance of trade
Get PriceWhile not exactly dramatic the 3 percentage point drop in the Philippines contrasts sharply with the increase in the GDP share of this subsector in Thailand Malaysia and Indonesia Philippine value added in manufacturing was only 32% of Thailand s 57% of Indonesia s and 59% of Malaysia s in 1998 Table 10
Get PriceIn 2024 Ganyu District s CBEC industry recorded a retail value of RMB 3 billion USD 461 5 million mainly from trade in agricultural apparel and footwear products Supported by the provincial government s favorable policies on CBEC it has bonded warehouses professional cross border e commerce teams and a vibrant live streaming economy
Get PriceThe country was having sound economic indicators before the 2024 economic crisis Average income per capita was increasing while poverty incidence showed a downward trend Average income per capita rose by 2% in 2024 and 2024 whereas poverty incidence dropped from 33 0% in 2024 to 31 8% in 2024 and 28 1% in 2024
Get PriceSources Asian Development Bank ADB 2024; National Statistical Coordination Board NSCB Average for the period 2024 2024 18 Philippine Development Plan 2024 2024 Thailand Indonesia Philippines
Get PriceSource National Statistics Office National Economic and Development Authority Medium Term Philippine Development Plan 2024 2024 2024 Philippine Fisheries Profile Bureau of Agricultural Statistics 2024 Philippines Statistical Yearbook National Statistical Coordination Board World Development Indicator 2024 PHILIPPINES AT A GLANCE
Get Priceindustrial sectors the share of agricultural exports to the country s GDP Table 1 has dramatically slowed down From a percentage share of 6 03 in 1980 it gradually slipped to 2 05% in 2024 Table 1 Agricultural Exports Value FOB Value in Million US$; Percentage Contribution to GDP 1980 2024 Year 1980 1985 1990 1995 2024 2024 2024
Get PriceAccording to the latest rates by the World Bank the agricultural sector contributed to 10 1% of GDP in 2024 and employed 22 8% of the labour force in 2024 The Philippines is the second largest producer of coconuts in the world However the agricultural sector suffers from low productivity weak economies of scale and inadequate infrastructure
Get PriceThe GDP figure that we release at the NSCB represents the value of all goods and services produced within the domestic territory for the specific period of time The GDP can also be related with the goods and services which go to consumption to investments including those that go to exports less the country s imports
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Get PriceFeb 18 2022Export Prices in Philippines decreased to 103 index points in the second quarter of 2024 The maximum level was 134 index points and minimum was 8 57 index points Data published Quarterly by National Statistical Coordination Board Historical Data index points by years Data Period Date Historical Chart by presidents index points Rodrigo Duterte
Get Price2024 ISSN 0119 4003 About the cover The cover of the Regional Social and Economic Trends RSET has been redesigned to reflect the establishment of the Philippine Philippine Statistical System continues to update and local level statisticspublish 7 4 Value of Exports and Imports Region V 2024 2024 7 5
Get PriceIt grew by 14 3 percent compared to April 2024 level of $132 27 million Woodcrafts and Furniture consisting 3 0 percent to total exports recorded as the country s third top export with revenue valued at $137 55 million It increased by 7 5 percent from $127 95 million recorded during the same month in 2024
Get PriceThe Philippines is a civil law country The New Civil Code of the Philippines 12 which was enacted in 1949 was based on the Spanish Civil Code The Philippines is no longer a Spanish speaking
Get PriceExport earnings in May 2024 went up by 2 3 percent to $4 224 billion from $4 128 billion in May 2024 albeit at a slower pace Similarly receipts from merchandise exports during January to May increased by 3 1 percent to $21 085 billion from $20 452 billion during the same five month period in 2024
Get PricePhilippines Leading Economic Index 2024 Data 2024 Forecast 1983 2024 Historical Philippines Leading Economic Index Leading Economic Index Philippines increased 0 04 percent in March of 2024 over the same month in the previous year source National Statistical Coordination Board NSCB Philippines 3Y 10Y 25Y MAX Chart Compare Export API
Get PriceThe Philippine economy s output structure is characterized by a relatively large services sector The share of the services sector increased from an average of 52 4% in the 1990s to 55 7% in the 2000s Moreover from 2024 to 2024 the sector s value added share further increased on the average to 65 4% Of all the sub sectors of the
Get PriceThe Philippines is an archipelago that is located in Southeast Asia It is composed of 7641 islands with a total land area of 342 353 km 2 The country has three major groups of islands namely Luzon Visayas and Mindanao Both Luzon and Mindanao take a large portion of the country s surface area while the rest are small islands
Get PricePhilippines Joins APEC Consensus for Continuous Trade to Cushion Impact of COVID 19 Pandemic and Fastrack Economic Recovery PASAY CITY 07 May 2024 — Asia Pacific Economic Cooperation APEC Trade Ministers have encouraged economies to pursue facilitative measures that would expedite economic rebound after the COVID 19 pandemic mitigate health and economic impacts fast track the
Get Price2 1 Value of APEC Merchandise Trade USD billion Jan 2024 Apr 2024 2 2 Nominal Merchandise Trade Growth in APEC monthly year on year percentage change Jan 2024 Apr 2024 8 9 For most of 2024 the APEC region registered negative growth rates for both merchandise exports average growth rate of 2 0% and imports average growth rate
Get PriceThe 2024 09 financial crisis which originated in the United States and rapidly spread to the rest of world resulting in the most severe and intense Great Recession since World War II has posed
Get PriceThe National Statistical Coordination Board NSCB was created by virtue of Executive Order No 121 as the highest policy making and coordinating body on statistical matters in the country Its major goal was to promote the independence objectivity integrity responsiveness and relevance of the Philippine Statistical System PSS
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