How does the location of the Philippines help boost its economy?
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The economy of the Philippines is the world's 29th largest economy by nominal GDP according to the International Monetary Fund 2020 and the 13th largest economy in Asia. The Philippines is one of the emerging markets and the 3rd highest in Southeast Asia by GDP nominal after Thailand and Indonesia.
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The Philippines is one of the emerging markets and the 3rd highest in Southeast Asia by GDP nominal after Thailand and Indonesia. The Philippines is primarily considered a newly industrialized country, which has an economy in transition from one based on agriculture to one based more on services and manufacturing.
Economic aid: $1.67 billion
Ease-of-doing-business rank: 95th (easy, 2020)
GDP per capita rank: 114th (nominal, 2019); 113th (PPP, 2019)
GDP rank: 29th (nominal, 2020); 25th (PPP, 2020)
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