Economy of the Philippines - Wikipedia
WEBIn 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.
Philippines Overview: Development news, research, data | World Bank
WEBMar 19, 2024 · The Philippine government pursues larger investments in both human and physical capital to boost inclusive growth over the medium and long term. The Philippines’ economic recovery is well underway, as remained robust at 5.6 percent in 2023, which is among the top growth performers in the region.
The Philippines economy in 2024: Stronger for longer? - McKinsey & Company
WEBMar 7, 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 …
Philippines records strongest economic growth in more than 40 …
WEBJan 26, 2023 · The Philippines has recorded its strongest economic growth in more than 40 years, defying a global slowdown and rising inflation after lifting all pandemic restrictions at the end of last...
Philippines Economic Updates - World Bank Group
WEBWeighed 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.
Philippine Economy to Post Robust Growth in 2023, 2024 Despite ...
WEBApr 4, 2023 · Philippine economic growth is expected to moderate this year from 2022’s forecast-beating outturn but will remain on a healthy expansion mode, underpinned by rising domestic demand and a recovery in services particularly tourism, according to a new report released by ADB today.
Highlights of the Philippines Economic Update June 2023: …
WEBJun 14, 2023 · Philippine Economy. Robust domestic demand fueled 6.4 percent growth in the first quarter of 2023, countering weaker global demand. After peaking in early 2023 inflation fell to 6.1 percent in May after the BSP tightened monetary policy, although it remains well above peer countries in ASEAN.
What does 2023 hold for the Philippines’ economy? - McKinsey & Company
WEBMar 7, 2023 · This article analyzes seven key sectors that offer a detailed insight into the state of the Philippines’ economy in 2023 and beyond. As the data shows, the outlook is complex—there are serious issues to address, but also reasons for optimism.
Philippine Economic Growth Beats Amid Inflation, Rate Hikes - Bloomberg.com
WEBMay 11, 2023 · The Philippine economy expanded faster than expected in the first quarter, as resilient post-pandemic demand helped defy elevated inflation and the central bank’s aggressive monetary tightening.
ADB Sees Robust 2022 GDP Growth for the Philippines
WEBThe Philippines’ gross domestic product (GDP) will grow 6.5% in 2022, the same as forecast in July but up from the bank’s April forecast of 6.0%, according to Asian Development Outlook (ADO) 2022 Update.