Because of the continuous negative publicity of the enemies of the state here and abroad, plus political detractors of administration, we are led to believe that Philippines is a poor country. Try to look at the figures of the poverty.
Try to see the GDP numbers for 1st Quarter; Philippines is tops. This is despite the perceived perception of recession and inflation world wide. We are number 36th in world GDP rankings as of 2022.
The economy of the Philippines is an emerging market, a newly industrialized country and one of the most dynamic in Asia-Pacific region.[33] As a developing economy, the country is working towards achieving greater industrialization and economic growth.[34] The Philippine economy is the world's 36th largest by nominal GDP and 15th largest in Asia according to the International Monetary Fund in 2023.
Some list us at number 19. Our foreign exchange reserve is high. We have manageable debt to GDP ratio. (Japan has the worst at 269% of its GDP)
All we need to do is reach the trillion GDP numbers. If we go to the provinces, we see a lot of infrastructures and beautiful attractions. Time to rethink our perception of our own country.
China with its exodus of manufacturing firms is pitiful compared to the Philippines.
We expect that Philippines will be ranked 27th by 2037 http://www.cnnphilippines.com/news/2022/12/27/ph-economy-accelerate-growth.html
The Philippines is projected to continue its growth run in the coming years... lifting the country from 38th spot in the ranking as of 2022 to 27th by 2037," CEBR said.
