Knowra Economy of the Philippines Economy of the Philippines The system of production, trade, and consumption in the Philippines, shaped by a large service sector, manufacturing, agriculture, overseas remittances, and international trade.
Service sector of the Philippines : The part of the Philippine economy producing services, including retail, finance, transport, and business process outsourcing. Services account for the largest share of Philippine economic output and employment.
Bangko Sentral ng Pilipinas : The central bank of the Philippines, responsible for monetary policy, financial stability, and currency issuance. Its interest-rate and liquidity decisions influence inflation, borrowing, and economic demand.
Economic history of the Philippines : The study of how production, trade, institutions, and living standards in the Philippines changed over time. Historical shifts help explain the present balance of services, industry, and agriculture.
Poverty in the Philippines : The condition in which people in the Philippines lack sufficient income or resources to meet basic needs. Poverty shows how unevenly economic opportunities and income are distributed.
Manufacturing in the Philippines : The Philippine production of goods, including electronics, food products, chemicals, and transport equipment. Manufacturing links domestic production to export markets and regional supply chains.
Philippine peso : The official currency of the Philippines. Exchange-rate movements affect import prices, export competitiveness, and remittance values.
Galleon trade : The trans-Pacific trade connecting Manila and Acapulco from the sixteenth to nineteenth centuries under Spanish rule. It established Manila as a commercial hub tied to distant imperial markets.
Income inequality in the Philippines : The unequal distribution of income among individuals and households in the Philippines. Unequal access to productive assets and well-paid work shapes who benefits from growth.
Agriculture in the Philippines : The cultivation of crops and the raising of livestock and fish in the Philippines. Agriculture supports rural livelihoods and supplies food and raw materials.
Labor migration from the Philippines : The movement of Filipino workers abroad for employment, including temporary contract work and long-term migration. Overseas employment connects domestic labor markets with remittances and skill flows.
Show all 22