What is the state of the economy in the Philippines? Is the Philippines a developed country?

The Philippine economy is about to collapse.

The Philippines is not a developed country.

The Philippines, the full name of the Republic of the Philippines, is an island country in the western Pacific Ocean, consisting of 7,107 small islands and a population of about 2.99 million. The Philippines is only about 33 the size of China's land area, and its national economy is still relatively backward, mainly developing tourism and exporting fruits. So, of course, he's a developing country.

Topography

The topography of the Philippine Islands is mostly mountainous, accounting for more than 3 4 of the total area. There are more than 200 volcanoes, of which 21 are active. With the exception of a few islands with wide inland plains, most islands have only sporadic narrow plains along the coast.

Mayon Volcano in southeast Luzon is the largest active volcano; Mount Apo in southeastern Mindanao is the highest peak in the country at 2,954 meters above sea level. The islands are shallow with many coral reefs.

The Philippine archipelago is flanked by deep seas, with the Philippine Trench east of Samar and Mindanao, reaching a maximum depth of 10,479 meters, making it one of the deepest areas of the world's oceans.

The above content reference: Encyclopedia - Philippines.

The price of the Philippines is about 20 percent lower than that of the first-tier cities in China. Prices in South Island cities in other provinces will be lower, and seafood and tropical fruit products will be more abundant. Manila good taxis generally start at 5 or 6 yuan, and air-conditioned seven-seater cars start at 3 yuan.

McDonald's, Happy Bee a fast food is about a dozen yuan. However, Chinese restaurants ** are high, and local fast food in the Philippines is cheaper. The average salary of local people in Manila is about 1,500 yuan.

Prices and consumption levels in the Philippines are as follows:

Prices in the Philippines are very interesting, a lot of things that are cheap in our country, are expensive here; And what is very expensive in the country is very cheap in the Philippines, and it can even be described as cheap. Filipinos love meat, so there is a relatively large amount of meat, and it is relatively cheap. And since Filipinos do not have the habit of eating animal offal, many animal offal are very cheap.

Meat is cheap, but vegetables are expensive because Filipinos have a lot of land and little land to grow.

The consumption level of Filipino Mabins is a little higher than that of second-tier cities in China, but the wages of Filipinos are actually relatively low; Unlike us Chinese who go to the Philippines to work, it will generally be higher than the domestic one, and in the eyes of Filipinos, Chinese people may be rich when they go to the Philippines.

Visas required to travel to the Philippines:

If you are traveling to the Philippines, you need to apply for a travel visa, and if you are going to the Philippines for short-term work, it is recommended that you can apply for a temporary work visa; If you plan to work in the Philippines for a long time, you can apply for a 9G work visa, which is a long-term work visa. <>

In 2021, for example, the Philippines had a GDP per capita in US dollars.

In many people's minds, most countries in Southeast Asia are underdeveloped and have low income levels, such as Laos, Vietnam, Cambodia, the Philippines and other countries. According to the World Bank's standards, the per capita GDP of the Philippines and Vietnam is about $3,500, which is a lower-middle-income country, while Cambodia and Laos have a per capita GDP of $1,590 and $2,500 respectively, both of which belong to low-income countries.

The Republic of the Philippines is located in southeastern Asia. It is separated by the Bass Strait in the north and Taiwan Province of China, and the south and southwest are separated by the Sulawesi Sea and the Balabac Sea, facing Indonesia and Malaysia, bordering the South China Sea in the west and the Taishan Tongyang Ocean in the east. There are more than 7,000 large and small islands, of which 11 major islands, including Luzon, Mindanao and Samar, account for 96% of the country's total area.

The economic situation in the Philippines

An export-oriented economy that is highly dependent on external markets. The tertiary industry plays a prominent role in the national economy, and agriculture and manufacturing also account for a considerable proportion. In the late 60s of the 20th century, the policy of opening up to the outside world was adopted, and foreign investment was actively attracted, and remarkable results were achieved in economic development.

After the 80s, affected by the economic recession in the West and its own political turmoil, the economic development slowed down significantly.

In the early 90s, Ramos** took a series of measures to revitalize the economy, and the economy began to fully recover and maintain a high growth rate. The Asian financial crisis that broke out in 1997 had little impact on the Philippines, but its economic growth slowed down again. After Duterte took office, he increased investment in infrastructure construction and agriculture, promoted tax reform, and maintained rapid economic growth, but also faced problems such as high inflation, insufficient financial resources, and corruption that seriously affected the economy.

The above content reference: Encyclopedia - Philippines.

Economic Situation:

One of the Four Little Tigers in Asia, the economy belongs to a moderately developed country;

Tourism is one of the most important foreign exchange earnings for the Philippines.

The Republic of the Philippines (Tagalog: republika ng pilipinas), abbreviated as the Philippines, is located in the western Pacific Ocean, an archipelagic country in Southeast Asia, and a multi-ethnic country.