What is the GDP per capita income of Philippines?
Philippines gdp per capita for 2020 was $3,299, a 5.35% decline from 2019. Philippines gdp per capita for 2019 was $3,485, a 7.17% increase from 2018. Philippines gdp per capita for 2018 was $3,252, a 4.13% increase from 2017.
What is the GDP per capita in Philippines 2021?
GDP per capita in Philippines is expected to reach 3160.00 USD by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Philippines GDP per capita is projected to trend around 3300.00 USD in 2022, according to our econometric models.
What is the implication of GDP per capita to the Philippines?
GDP is the total value of all goods and services produced in a country in a year. It is considered to be a very important indicator of the economic strength of a country and a positive change is an indicator of economic growth. In 2020, the GDP per capita in the Philippines amounted to around 3,322.51 U.S. dollars.
What is the GDP per capita 2020?
about 10,918.72 U.S. dollars
In 2020, global GDP per capita amounted to about 10,918.72 U.S. dollars.
What is the average GDP of Philippines?
Philippines Gross Domestic Product (GDP) per Capita reached 3,571.842 USD in Dec 2021, compared with 3,323.368 USD in Dec 2020. Philippines GDP Per Capita data is updated yearly, available from Dec 1950 to Dec 2021, with an average number of 737.487 USD.
What is the lowest GDP in the Philippines?
GDP in Philippines averaged 93.65 USD Billion from 1960 until 2020, reaching an all time high of 376.80 USD Billion in 2019 and a record low of 4.40 USD Billion in 1962.
Is Philippines a third world country?
Today, the Philippines is still considered a Third World Country. Most people say, problems such as corruption, unemployment, crimes, and poverty are the ones that hinder this country to be part of the developed countries.
Who has highest GDP capita?
Qatar
GDP per Capita
| # | Country | GDP (PPP) per capita (2017) |
|---|---|---|
| 1 | Qatar | $128,647 |
| 2 | Macao | $115,367 |
| 3 | Luxembourg | $107,641 |
| 4 | Singapore | $94,105 |
How do I calculate GDP per capita?
The formula to calculate GDP per capita is a country’s gross domestic product (GDP) divided by its population. This calculation reflects a nation’s standard of living.
What is the highest GDP of the Philippines?
376.80 USD Billion
GDP in Philippines averaged 93.65 USD Billion from 1960 until 2020, reaching an all time high of 376.80 USD Billion in 2019 and a record low of 4.40 USD Billion in 1962.
What is the rank of Philippines in the world?
The Philippines ranked 50th in 2020, up four notches from its ranking in 2019. The country ranked 73rd in 2018 and 2017. “Based on the (GII) report, the Philippines produces more innovative outputs relative to its level of investments.
Where does Philippines rank in the world by GDP?
32nd largest
The economy of the Philippines is the world’s 32nd largest economy by nominal GDP according to the International Monetary Fund 2021 and the 12th largest economy in Asia, and the 3rd largest economy in the ASEAN after Indonesia and Thailand.
