The Philippines is an East Asian country in the Pacific region that boasts a strengthening and growing economy. In 2019, the Philippines economic growth rate was at 6.4%, with a poverty rate of 16.6% in 2018 ( World Bank, 2021) . Further, in 2019, the nation’s gross per capita income was $3, 850 ( World Bank, 2021) . The country has an expanding middle income population and is experiencing urbanization at an impressive rate. Characterized by a young population in a large percentage, the nation has a ready and dynamic workforce that has been enjoying significant increase in real wages over the past few years ( Philippines , 2021) . Businesses are deemed buoyant in the Philippines and primarily comprise tourism, business process outsourcing, insurance, and finance
References
Philippines . (2021, February 5). Central Intelligence Agency - CIA. https://www.cia.gov/the-world-factbook/countries/philippines/
Delegate your assignment to our experts and they will do the rest.
World Bank. (2021, April 7). Overview . Philippines. https://www.worldbank.org/en/country/philippines/overview
