The GDP per capita is calculated by dividing the total GDP by the number of people living in the country. A higher GDP per capita indicates a superior standard of living.
The real GDP growth rate represents the year-over-year GDP growth, calculated by taking into account the price fluctuations caused by inflation.
The Gini Index represents a statistical measure used to assess income inequality within a country. It quantifies the distribution of income or wealth among the population, with a higher Gini Index indicating a greater level of inequality, while a lower index suggests a more equitable distribution. Source: The World Bank, 2024
The Index of Economic Freedom measures the degree to which a country's economic policies and institutions promote free markets, open trade, and entrepreneurial activity. It assesses factors such as property rights protection, business regulations, fiscal health, and government intervention in the economy. Source: The Heritage Foundation 2024
Also known as government debt or national debt, public debt refers to the sum of all government borrowings owed to lenders within the country.
The inflation rate represents the annual price increase for goods and services, indicating a decrease in the purchasing power of a country’s currency.
The percentage of the country’s population living below the poverty line, as reported by official statistics.
Low unemployment rate indicates better career opportunities and economic growth. Source: Wikipedia, 2024; city's official stats, 2024.
The total amount of public expenditure on education. Public spending on education includes direct expenditure on schools, universities, and other types of educational institutions, as well as educational-related public subsidies.
Comments
A̷͕͂r̷̬̕r̶̖̕y̷͙̔a̷̧͘n̵͙͘
1 year ago
10 / 10
The Philippines is Great
A̷͕͂r̷̬̕r̶̖̕y̷͙̔a̷̧͘n̵͙͘
1 year ago
10 / 10
The Philippines is generally an excellent country to visit. Filipinos are very welcoming. It has beautiful beaches and exciting places to visit. Its countryside has beautiful sights to see, literally every kilometer there is a sight to see. In the city, BGC, the nightlife is very nice and it has nice restaurants the city is comparable to other cities back in the US.
Ray
2 years ago
10 / 10
Better than ever
Ray
2 years ago
10 / 10
Pros
Cons
VA
1 year ago
8 / 10
The Philippines is a melting pot of people.
VA
1 year ago
8 / 10
The Philippines is a great country for adventure and you will never run out of activities to do. The main challenge with the country is the infrastructure. It's challenging to take their public transport as it might take you from point A to B in the most inefficient way.