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Jul 9, 2021 · Among other things, COVID-19 shrank the Philippines’ economy by 9.6 percent in 2020, and caused unemployment to peak at a record high of 17.6 percent. By forcing us to stay at home, it also advanced our adoption of things like e-commerce and digital wallets.
- Miguel Escobar
Mar 7, 2024 · 1. The growth in the Philippine economy in 2023 was driven by a resumption in commercial activities, public infrastructure spending, and growth in digital financial services.
Dec 21, 2023 · Statistics; Initiatives to increase financial inclusion in the Philippines resulted in a higher share of Filipinos with a formal account in a financial institution.
The global economy is expected to grow significantly in 2021. 31. Figure 25. Global tourism is expected to rebound slowly. 31. Figure 26. Actual and projected US$3.20-a-day poverty rates. 32. Figure 27. The COVID-19 pandemic has afected the labor market through multiple-interlinked channels. 38. Figure 28.
Mar 5, 2024 · The income development of Filipinos shows a mixed trend, with the poverty rate decreasing from 23.3% in 2015 to 21.1% in 2021 but then increasing to 22.4% (approximately 25 million people) in the first semester of 202310. Biggest headache, inflation. Our hard-earned money’s worth is decreasing, and wages remain the same.
- Urs Bolt
Jun 29, 2021 · Tuesday, June 29, 2021. Reference Number. 2021-253. In 2020, the country’s total Gross Saving reached PhP 4.43 trillion, recording a decline of -27.9 percent from the previous year. In terms of the institutional sectors, Non-financial corporations comprised the highest gross saving with PhP 3.80 trillion.
Statistics. The BSP monitors and compiles various statistical series on monetary, financial and external variables useful for the formulation and analysis of monetary, banking, credit and exchange policies. Data. Financial Industry Surveillance Data Visualization. Online Statistical Database. Monetary, External and Financial Statistics.
