The province of Cebu topped the ranking of the wealthiest provinces in the Philippines, with assets amounting to approximately 310 billion Philippine pesos in 2023. Following by a large margin were the provinces of Rizal and Camarines Sur.

In 2023, Quezon was the wealthiest city in the Philippines, with approximately 449 billion Philippine pesos worth of assets. Following by a large margin was Makati City. In that year, the province of Cebu was the wealthiest province in the country.

For the 2022 national elections, the most vote-rich province in the Philippines was Cebu, with around **** million registered voters. This was followed by Cavite and Pangasinan with *** million and *** million registered voters, respectively.

Philippines GDP: National Capital Region (NCR) data was reported at 8,214,308.357 PHP th in 2024. This records an increase from the previous number of 7,572,877.704 PHP th for 2023. Philippines GDP: National Capital Region (NCR) data is updated yearly, averaging 3,553,088.571 PHP th from Dec 2000 (Median) to 2024, with 25 observations. The data reached an all-time high of 8,214,308.357 PHP th in 2024 and a record low of 1,237,450.701 PHP th in 2000. Philippines GDP: National Capital Region (NCR) data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.A016: PSNA 5th Revision: Gross Domestic Product: by Region and Province: Current Price.

Philippines Per Capita Poverty Threshold: Central Luzon data was reported at 23,200.000 PHP in 2015. This records an increase from the previous number of 20,071.000 PHP for 2012. Philippines Per Capita Poverty Threshold: Central Luzon data is updated yearly, averaging 13,265.500 PHP from Dec 1988 (Median) to 2015, with 10 observations. The data reached an all-time high of 23,200.000 PHP in 2015 and a record low of 5,242.000 PHP in 1988. Philippines Per Capita Poverty Threshold: Central Luzon data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.H025: Family Income and Expenditure Survey: Poverty Statistics and Proportion of Poor Population: By Regions.

Philippines GDP: Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) data was reported at 386,127.983 PHP th in 2024. This records an increase from the previous number of 362,519.548 PHP th for 2023. Philippines GDP: Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) data is updated yearly, averaging 154,218.301 PHP th from Dec 2000 (Median) to 2024, with 25 observations. The data reached an all-time high of 386,127.983 PHP th in 2024 and a record low of 44,751.362 PHP th in 2001. Philippines GDP: Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.A016: PSNA 5th Revision: Gross Domestic Product: by Region and Province: Current Price.

For the 2022 national elections, Quezon City was the most vote-rich city in the Philippines, accounting for the highest number of registered voters at 1.4 million. This was followed by Manila and Davao with 1.13 million and around one million voters, respectively.

Philippines Incidence of Poor Families: National Capital Region (NCR) data was reported at 2.700 % in 2015. This records an increase from the previous number of 2.600 % for 2012. Philippines Incidence of Poor Families: National Capital Region (NCR) data is updated yearly, averaging 4.100 % from Dec 1988 (Median) to 2015, with 10 observations. The data reached an all-time high of 21.600 % in 1988 and a record low of 2.100 % in 2003. Philippines Incidence of Poor Families: National Capital Region (NCR) data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.H025: Family Income and Expenditure Survey: Poverty Statistics and Proportion of Poor Population: By Regions.

Philippines Average Family Exp: Cordillera Administrative Region (CAR) data was reported at 209,000.000 PHP in 2015. This records an increase from the previous number of 188,000.000 PHP for 2012. Philippines Average Family Exp: Cordillera Administrative Region (CAR) data is updated yearly, averaging 118,169.000 PHP from Dec 1988 (Median) to 2015, with 10 observations. The data reached an all-time high of 209,000.000 PHP in 2015 and a record low of 28,722.000 PHP in 1988. Philippines Average Family Exp: Cordillera Administrative Region (CAR) data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.H020: Family Income and Expenditure Survey: Average Annual Income, Expenditure and Saving: By Region.

The Philippines has a steadily growing economy, with a gross domestic product (GDP) that reached over 461.62 billion U.S. dollars in 2024. Gross domestic product (GDP) denotes the aggregate value of all services and goods produced within a country in any given year. GDP is an important indicator of a country's economic power. The GDP of the Philippines is expected to increase substantially to over 757.67 billion U.S. dollars by 2030. The Philippines’ economy GDP of the Philippines has consistently grown at around six percent and is expected to remain constant through 2024. At the same time, the unemployment rate has fallen to about 2.5 percent in 2018, with an increasing amount of employment being within the services sector . Sectors of the economy The services sector is a significant economic sector in the Philippines economy, with a share of almost 60 percent in gross domestic product generation. Usually, a shift of GDP generation from agriculture to services is a sure sign of a growing economy - the same is true for the Philippines: Tourism and IT are industries within the services sector which has substantially contributed to the Philippines’ economic growth. The agriculture sector, although contributing to the Philippines’ export quantity, such as coconut oil and fruits, has declined over recent years, with more and more inhabitants moving to the cities to find work.

As of November 2021, there were approximately 9.19 million people in Region IV-A who were registered to vote for the May 9, 2022 national and local elections in the Philippines. The number of registered voters as of this period was 65.75 million.

Preliminary estimates for 2023 show that the region of Zamboanga Peninsula had the highest poverty incidence among families in the Philippines at 24.2 percent. In comparison, the National Capital Region (NCR) had the lowest poverty incidence among families during this period. Overall, the total poverty incidence of families in the Philippines was 10.9 percent.

The Philippines has seen high levels of meat consumption in 2024, with pork leading the way at ***** kilograms per person. This underscores the nation's growing appetite for meat products, particularly pork and poultry. Poultry production and pricing Chicken remains a popular meat choice in the Philippines, with approximately **** billion chickens slaughtered for meat production in 2023. Central Luzon emerged as the top producer, followed by CALABARZON. Interestingly, native or improved chicken commanded the highest average farmgate price among poultry animals in 2023, which was significantly higher than broiler chicken. Meat imports and consumption patterns To meet the growing demand, the Philippines imported over a million metric tons of meat in 2023. Across the different meat types, pork registered the highest volume of meat imports in comparison to poultry. Imported pork meat significantly contributes to current supply, as domestic pork meat production has stagnated since 2021.

In 2023, the estimated total GDP of all ASEAN states amounted to approximately 3.8 trillion U.S. dollars, a significant increase from the previous years. In fact, the GDP of the ASEAN region has been skyrocketing for a few years now, reflecting the region’s thriving economy. Power in the EastThe Association of Southeast Asian Nations (ASEAN) comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. It was established in 1967 among five of these countries (Indonesia, Malaysia, Thailand, Singapore, and the Philippines) to facilitate trade and economic growth, as well as promote cultural development and social structures in the region. To date, they have been joined by another five nations. The ASEAN marketThe founding of the ASEAN organization provides the collaborating nations with more autonomy and influence on the global economy than they would have had by themselves. Additionally, struggling participating countries, such as Laos, are given an opportunity to grow on an ASEAN single market.

In 2024, the real gross domestic product (GDP) in Vietnam grew by approximately **** percent, marking the highest growth rate in Southeast Asia. In comparison, Myanmar's real GDP growth rate dropped by **** percent. Southeast Asia, a tapestry of economic and cultural complexity Historically a critical component of global trade, Southeast Asia is a diverse region with heterogeneous economies. The region comprises ** countries in total. While Singapore is a highly developed country economy and Brunei has a relatively high GDP per capita, the rest of the Southeast Asian countries are characterized by lower GDPs per capita and have yet to overcome the middle-income trap. Malaysia is one of these countries, having reached the middle-income level for many decades but yet to grow incomes proportionally to its economic development. Nevertheless, Southeast Asia’s young population will further drive economic growth across the region’s markets. ASEAN’s economic significance Aiming to promote economic growth, social progress, cultural development, and regional stability, all Southeast Asian countries except for Timor-Leste are part of the political and economic union Association of Southeast Asian Nations (ASEAN). Even though many concerns surround the union, ASEAN has avoided trade conflicts and is one of the largest and most dynamic trade zones globally. Factors such as the growing young population, high GDP growth, a largely positive trade balance, and exemplary regional integration hold great potential for future economic development in Southeast Asia.