The Philippines possesses diverse natural resources and is globally recognized for its significant level of biodiversity. In 2021, the country's GDP per adult came in at $5,580, categorizing it as one of the poorest Asian countries.
Now, I do not deny the fact that many Filipinos are poor and that the COVID-19 pandemic has exacerbated our levels of hunger, unemployment, and poverty. And I do not deny the statistical reality that in terms of per capita income, the Philippines ranks 120th in the world alongside the likes of Eswatini and El Salvador.
MANILA, Philippines — The Philippines ranked 15th out of 63 countries in income inequality, according to a World Bank report released on Thursday. The World Bank report said that the top 1% of Philippine earners captured 17% of the total national income, with 14% of the income being shared by the bottom 50%.
The Philippine economy is the world's 36th largest by nominal GDP and 15th largest in Asia according to the International Monetary Fund in 2023. Metro Manila, the economic center of the Philippines. $440.9 billion (nominal; 2023 est.) $1.29 trillion (PPP; 2023 est.)
Malaysia has a GDP per capita of $26,400 as of 2020, while in Philippines, the GDP per capita is $8,000 as of 2020.
Philippines has a GDP per capita of $8,000 as of 2020, while in India, the GDP per capita is $6,100 as of 2020. In Philippines, 5.1% of adults are unemployed as of 2019. In India, that number is 8.5% as of 2017. In Philippines, 16.7% live below the poverty line as of 2018.
The Philippines was deemed a middle power in Asia, ranking 16th in overall comprehensive power out of 26 countries and territories included in the Index, according to the briefing on the key findings of the Asia Power Index 2021.
Thailand has a GDP per capita of $17,300 as of 2020, while in Philippines, the GDP per capita is $8,000 as of 2020.
Viet Nam recorded a higher per capita GDP (in constant 2015 USD) than the Philippines in 2020 and 2021.
The Philippines is known for its exotic beaches, expansive forests, and abundance of volcanoes. Despite the common theme of nature, there are many islands that all differ from each other vastly. The Philippines is famous for its old, religious landmarks, and in contrast its modernized skyscrapers.
Iceland stands at the top of countries with the lowest poverty rates with a poverty rate of 4.9% in 2021.
النص الكامل The African continent is no doubt the most resource-abundant continent. Resources such as gold, diamond, oil, natural gas, copper, uranium, among others are mined in different parts of the continent. Almost every country in Africa has a deposit of natural resources.
Thus, the richest countries in the world are those with the highest GDP per capita. Currently, the richest country in the world in terms of GDP per capita is Luxembourg, with a GDP per capita of $135,700. Other wealthy countries include Bermuda, Ireland, and Switzerland, all with GDP per capita above $80,000.
The vast majority of those in extreme poverty reside in South Asia and Sub-Saharan Africa. As of 2018, it is estimated that the country with the most people living in extreme poverty is Nigeria, at 86 million. In the past, the vast majority of the world population lived in conditions of extreme poverty.
Economy. Philippines has a GDP per capita of $8,000 as of 2020, while in Australia, the GDP per capita is $48,700 as of 2020.
Thailand is currently more prosperous than the Philippines.