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 636.00 km2 (245.56 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.
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, the most populous town in the province. 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.
Davao Oriental, officially the Province of Davao Oriental, is a province in the Philippines located in the Davao Region in Mindanao. Its capital is the city of Mati which is the most populous, and it borders the province of Davao de Oro to the west, and Agusan del Sur and Surigao del Sur to the north. The province is the traditional homeland of the Mandaya and Kalagan/Kaagan.
Pateros, officially the Municipality of Pateros, is the lone municipality of Metro Manila, Philippines. According to the 2020 census, it has a population of 65,227 people.
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.
Iba, officially the Municipality of Iba, is a 1st class municipality and capital of the province of Zambales, Philippines. According to the 2020 census, it has a population of 55,581 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. It is the most populous municipality in Eastern Visayas.
Marilao, officially the Municipality of Marilao, is a 1st class urban municipality in the province of Bulacan, Philippines. According to the 2020 census, it has a population of 254,453 people. It is 22 kilometers (14 mi) from Manila and 23 kilometers (14 mi) from the provincial capital Malolos City.
San Ildefonso, officially the Municipality of San Ildefonso is a 1st class municipality in the province of Bulacan, Philippines. According to the 2020 census, it has a population of 115,713 people.
The Human Development Report (HDR) is an annual Human Development Index report published by the Human Development Report Office of the United Nations Development Programme (UNDP).
In 2023, official government statistics reported that the Philippines had a poverty rate of 15.5%,, 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)
