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The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. [31] 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.
A local context of political and socio-religious tensions and a high rate of school principal turnover compound these bureaucratic weaknesses. [121] The Human Rights Measurement Initiative (HRMI) [122] finds that the Philippines is fulfilling 79.0% of what it should be for the right to education based on the country's income level. [123]
The average year-round temperature measured from all the weather stations in the Philippines, except Baguio, is 26.6 °C (79.9 °F). Cooler days are usually felt in the month of January with temperature averaging at 25.5 °C (77.9 °F) and the warmest days, in the month of May with a mean of 28.3 °C (82.9 °F). [1]
The plan failed as a result of the Jabidah massacre. [49] [50] Republic Act No. 5446 of the Philippines, passed by the legislature on 26 August 1968 and signed by Marcos on 18 September, regards Sabah as a territory "over which the Republic of the Philippines has acquired dominion and sovereignty".
Share of population in extreme poverty (1981–2019) In 2023, official government statistics reported that the Philippines had a poverty rate of 15.5%, [1] [2] (or roughly 17.54 million Filipinos), significantly lower than the 49.2 percent recorded in 1985 through years of government poverty reduction efforts. [3]
Trump presented an infrastructure plan to Congress in February 2018, with $200 billion in federal funding and projected it would result in $1.5 trillion of investments from the private sector. [15] Democrats opposed this plan because of its emphasis on state and local funding and private investments.
The Philippines annualized population growth rate between the years 2015–2020 was 1.53%. [6] According to the 2020 census, the population of the Philippines is 109,033,245. [7] The first census in the Philippines was held in the year 1591 which counted 667,612 people. [8]