what type of economy do the philippines have
Economy of the Philippines The Philippines is primarily considered a newly industrialized country, which has an economy transitioning from one based on agriculture to one based more on services and manufacturing. As of 2017, GDP by Purchasing power parity was estimated to be at $878.980 billion.[26]
Mixed economy Economies ranging from the United States[5][6] to Cuba[7] have been catalogued as mixed economies. The term is also used to describe the economies of countries which are referred to as welfare states, such as the Nordic countries.[8][9] Governments in mixed economies often provide environmental protection, maintenance of employment standards, a standardized welfare system, and maintenance of competition.
Philippines The Philippines (/ˈfɪləpiːnz/ ( listen) FIL-ə-peenz; Filipino: Pilipinas [ˌpɪlɪˈpinɐs] or Filipinas [ˌfɪlɪˈpinɐs]), officially the Republic of the Philippines (Filipino: Republika ng Pilipinas),[a] is a unitary sovereign and archipelagic country in Southeast Asia. Situated in the western Pacific Ocean, it consists of about 7,641 islands[19] that are categorized broadly under three main geographical divisions from north to south: Luzon, Visayas, and Mindanao. The capital city of the Philippines is Manila and the most populous city is Quezon City, both part of Metro Manila.[20] Bounded by the South China Sea on the west, the Philippine Sea on the east and the Celebes Sea on the southwest, the Philippines shares maritime borders with Taiwan to the north, Vietnam to the west, Palau to the east and Malaysia and Indonesia to the south.
Philippines The Philippines (/ˈfɪləpiːnz/ ( listen) FIL-ə-peenz; Filipino: Pilipinas [ˌpɪlɪˈpinɐs] or Filipinas [ˌfɪlɪˈpinɐs]), officially the Republic of the Philippines (Filipino: Republika ng Pilipinas),[a] is a unitary sovereign and archipelagic country in Southeast Asia. Situated in the western Pacific Ocean, it consists of about 7,641 islands[18] that are categorized broadly under three main geographical divisions from north to south: Luzon, Visayas, and Mindanao. The capital city of the Philippines is Manila and the most populous city is Quezon City, both part of Metro Manila.[19] Bounded by the South China Sea on the west, the Philippine Sea on the east and the Celebes Sea on the southwest, the Philippines shares maritime borders with Taiwan to the north, Vietnam to the west, Palau to the east and Malaysia and Indonesia to the south.