The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. In 2024, the Philippine economy is estimated to be at ₱26.55 trillion, making it the world's 32nd largest by nominal GDP and 13th largest in Asia according to the International Monetary Fund.
Metropolitan Manila, commonly shortened to Metro Manila and formally the National Capital Region, is the capital region and largest metropolitan area of the Philippines. Located on the eastern shore of Manila Bay, the region lies between the Central Luzon and Calabarzon regions. Encompassing an area of 619.57 km2 (239.22 sq mi) and with a population of 13,484,462 as of 2020, it is composed of sixteen highly urbanized cities: the capital city, Manila, Caloocan, Las Piñas, Makati, Malabon, Mandaluyong, Marikina, Muntinlupa, Navotas, Parañaque, Pasay, Pasig, Quezon City, San Juan, Taguig, and Valenzuela, along with one independent municipality, Pateros. As the second most populous and the most densely populated region in the Philippines, it ranks as the 9th most populous metropolitan area in Asia and the 6th most populous urban area in the world.
Rizal, officially the Province of Rizal, is a province in the Philippines located in the Calabarzon region in Luzon. Its capital is the city of Antipolo. It is about 16 kilometers (9.9 mi) east of Manila. The province is named after José Rizal, one of the main national heroes of the Philippines. It is bordered by Metro Manila to the west, Bulacan to the north, Quezon to the east and Laguna to the southeast. The province also lies on the northern shores of Laguna de Bay, the largest lake in the country. Rizal is a mountainous province perched on the western slopes of the southern portion of the Sierra Madre mountain range.
Cagayan Valley, designated as Region II, is an administrative region in the Philippines. Located in the northeastern section of Luzon, it is composed of five Philippine provinces: Batanes, Cagayan, Isabela, Nueva Vizcaya, and Quirino. The region hosts four chartered cities: Cauayan, Ilagan, Santiago, and Tuguegarao.
Catanduanes, officially the Province of Catanduanes, is an island province located in the Bicol Region of Luzon in the Philippines. It is the 12th-largest island in the Philippines, and lies to the east of Camarines Sur, across the Maqueda Channel. Its capital is Virac. It had a population of 271,879 people as of the 2020 census.
The Human Development Index (HDI) is a statistical composite index of life expectancy, education, and per capita income indicators, which is used to rank countries into four tiers of human development. A country scores a higher level of HDI when the lifespan is higher, the education level is higher, and the gross national income GNI (PPP) per capita is higher. It was developed by Pakistani economist Mahbub ul-Haq and was further used to measure a country's development by the United Nations Development Programme (UNDP)'s Human Development Report Office.
Apayao, officially the Province of Apayao, is a landlocked province in the Philippines in the Cordillera Administrative Region in Luzon. Kabugao serves as its capital. The provincial capitol and its associated offices are located at the New Government Center in Luna.
Biñan, officially the City of Biñan, is a 1st class component city in the province of Laguna, Philippines. According to the 2020 census, it has a population of 407,437 people.
Santa Cruz, officially the Municipality of Santa Cruz, is a 1st class municipality and capital of the province of Laguna, Philippines. According to the 2020 census, it has a population of 123,574 people.
Catarman, officially the Municipality of Catarman, is a 1st class municipality and capital of the province of Northern Samar, Philippines. According to the 2020 census, it has a population of 97,879 people. It is the commercial, educational, financial, and political center of the province and also its most populous municipality.
Bangui, officially the Municipality of Bangui, is a 4th class municipality in the province of Ilocos Norte, Philippines. According to the 2020 census, it has a population of 15,019 people.
Bongao, officially the Municipality of Bongao, is a 2nd class municipality and capital of the province of Tawi-Tawi, Philippines. According to the 2020 census, it has a population of 116,118 people.
Buluan, officially the Municipality of Buluan, is a 4th class municipality and capital of the province of Maguindanao del Sur, Philippines. According to the 2020 census, it has a population of 57,406 people.
Bontoc, officially the Municipality of Bontoc, is a 2nd class municipality and capital of the province of Mountain Province, Philippines. According to the 2020 census, it has a population of 24,104 people.
Palayan, officially the City of Palayan, is a 5th class component city and capital of the province of Nueva Ecija, Philippines. According to the 2020 census, it has a population of 45,383 people, making it the least populated city in the Philippines.
In 2021, official government statistics reported that the Philippines had a poverty rate of 18.1%,, significantly lower than the 49.2 percent recorded in 1985 through years of government poverty reduction efforts. From 2018 to 2021, an estimated 2.3 million Filipinos fell into poverty amid the economic recession caused by the COVID-19 pandemic.
Philippines (average)
