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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.
16 paź 2024 · The Philippines has been one of the most dynamic economies in the East Asia and Pacific region. Its economic dynamism reflects increasing urbanization, a large and young population, and strong consumer demand, supported by a vibrant labor market and robust remittances, which have raised the incomes of the most vulnerable.
7 mar 2024 · The state of the Philippine economy across seven major sectors and themes. In the article, we explore the 2024 outlook for seven key sectors and themes, what may affect each of them in the coming year, and what could potentially unlock continued growth.
Weighed down by the COVID-19 pandemic, the Philippine economy is forecast to grow at 4.7 percent this year before accelerating to 5.9 percent in 2022 and 6.0 percent in 2023. Local governments have played a crucial role at the front lines of the COVID crisis.
The report summarizes key economic and social developments, policy changes, and external conditions in the Philippines over the past six months. It also presents findings from World Bank analyses on poverty reduction in BARMM and the outlook and risks for the economy.
4 cze 2024 · The Philippines sustained its growth momentum in Q1 2024, supported by an improvement in global economic activity. Growth will increase to an average of 5.9 percent between 2024-2026, anchored on strong domestic demand and a pickup in global growth.
The Philippine economy grew by 6.4 percent in Q1 2023, outperforming its regional peers, despite weak external conditions and high inflation. The report analyzes the key drivers, challenges, and outlook for the Philippine economy, and provides policy recommendations for a clean energy transition.
