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- The Philippines has a mixed economic system that includes a variety of private freedom, combined with centralized economic planning and government regulation.
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Mar 19, 2024 · Domestic growth is strong in the Philippines, while global challenges are affecting prospects. The Philippine government is implementing its 8-point socioeconomic agenda and the Philippine Development Plan 2023-2028 to ensure inclusive, resilient, and sustainable growth for a prosperous society.
Dec 17, 2021 · The Philippine Islands became a Spanish colony during the 16th century; they were ceded to the US in 1898 following the Spanish-American War. In 1935 the Philippines became a self-governing commonwealth. Manuel QUEZON was elected president and was tasked with preparing the country for independence after a 10-year transition.
The Philippines is generally mountainous; uplands make up 65 percent of the country's total land area. [53]: 38 [201] The Philippines is an archipelagoof about 7,641 islands,[202][203]covering a total area (including inland bodies of water) of about 300,000 square kilometers (115,831 sq mi).
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 ($471.5 billion), making it the world's 32nd largest by nominal GDP and 13th largest in Asia according to the International Monetary Fund .
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short form: Pilipinas. int'l long form: Republic of the Philippines. int'l short form: Philippines. ISO Country Code: ph, PHL.
Jul 5, 2023 · Philippines country profile. More than 7,000 islands make up the Philippines, but the bulk of its fast-growing population lives on just 11 of them. Much of the country is mountainous and prone to ...
Historians believe the Philippines dates back to the Paleolithic age. Based on the archaeological artifacts recovered, Filipino society and culture were fairly developed prior to contacts with other countries. Filipinos had commercial relations early on with China, Indo-China, Malaysia, India and Arab countries.
