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Pinoy Economy

Loren Chua

Created on April 19, 2023

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E C O N O M I C E V A L U A T I O N

Phillipines

ekonomiya ng Pinoy

start

Population

General Perception

113.9 million

"Where there is no corruption, there will be no poverty."

President

Bongbong Marcos

Economics News...

Digital Banking Act aims to create a regulatory framework for digital banks in the country. This is expected to boost financial inclusion and encourage more Filipinos to access banking services through digital means. Launched a program called "Balik-Probinsya" to encourage businesses to relocate to the countryside and provide employment opportunities for rural Filipinos. The program aims to promote regional development and reduce congestion in urban areas.

$15M

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tam

Sam

som

Phillipines: D+ USA: A

Gini Index

Phillipines: C USA: C

In terms of economic equity, the Philippines has a relatively high income inequality, as indicated by its most recent Gini Index rating of 44.4 in 2018. This rating is higher than that of the United States, which had a Gini Index rating of 39.0 in 2019.

Government Type

Both have a Democratic System

Index of Economic Freedom

Phillipines: C- USA: A+

Index of Economic Freedom ranking is relatively low, ranking 115th out of 178 countries in 2022, while the United States ranked 20th

Current Account to GDP

75%

55%

35%

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Phillipines: B+USA: C+

Balance of Trade

75%

55%

35%

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Phillipines: B+ USA: C+

Overall Comparison

GDP growth rate of 6.4% from 2012 to 2019

Most educated workforce with 53.7% Americans obtaining a college degree/certificate.

Large/Young workforce. Strategic trade location.

Access to international market. Appreciated income.

A-

High poverty rate. High income inequality.

Increasing income inequality.

B-

Severely depreciated currency. Government corruption.

Large federal debt & high dependence on foreign import

Where would you live?

The US

I would live in the US because the police corruption and political warfare in the PH is far worse than the US' current state of affairs. You can't get a divorce, the age of consent is 16 (previously 12), lack of freedom of religion and depreciated $$$ are reasons why I won't be living in the PH any time soon.

A-

B-

Pinoy Economy

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Transcript

E C O N O M I C E V A L U A T I O N

Phillipines

ekonomiya ng Pinoy

75%

55%

35%

75%

55%

35%

75%

55%

35%

75%

55%

35%

$2.3B

$24.9M

$15M

tam

Sam

som

75%

55%

35%

75%

55%

35%

Goodbye...for now