Pinoy Economy

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

ekonomiya ng Pinoy

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Phillipines

• 113.9 million

• Bongbong Marcos

- Pres. Aquino

Population

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President

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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.

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

General Perception

Phillipines: B+USA: C+

GDP Growth

Phillipines: BUSA: B-

Gross Domestic Product

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35%

55%

75%

Phillipines: BUSA: B+

GDP per Capita

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35%

55%

75%

Phillipines: A-USA: B+

Unemployment Rate

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35%

55%

75%

Phillipines: CUSA: C+

Inflation Rate

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35%

55%

75%

Phillipines: D+USA: A

Sam

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tam

$15M

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$2.3B

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$24.9M

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Exchange Rate

Phillipines: CUSA: 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.

Gini Index

Both have a Democratic System

Government Type

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

Index of Economic Freedom

Phillipines: B+USA: C+

Current Account to GDP

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35%

55%

75%

Phillipines: B+ USA: C+

Balance of Trade

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35%

55%

75%

A-

B-

Severely depreciated currency. Government corruption.

High poverty rate. High income inequality.

Large/Young workforce. Strategic trade location.

GDP growth rate of 6.4% from 2012 to 2019

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Large federal debt & high dependence on foreign import

Increasing income inequality.

Access to international market. Appreciated income.

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

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Overall Comparison

A-

B-

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.

The US

Where would you live?

Goodbye...for now