First the good news, then the bad news. The Philippines recorded a stunning 7.8% growth in its Gross Domestic Product (GDP) during the first quarter of 2013 compared to the same period last year, becoming the fastest growing economy in East and Southeast Asia. And yet this good news failed to boost the local stock market, …
Philippine GDP grows 7.8% but stock market tumbles 3.8% Read More »
The Philippines is Southeast Asia’s fastest-growing economy in the 3rd quarter this year, posting an “unexpected” 7.1% increase in its Gross Domestic Product (GDP). The GDP refers to the market value of all final goods and services produced within a country during a certain period. (See also: Top 10 Countries in terms of GDP, GDP …
Philippines’ 7.1% GDP growth fastest in Southeast Asia Read More »
Gross Domestic Product or GDP is the market value of all final goods and services produced within a country during a certain period. This is in contrast with Gross National Product or GNP which refers to the market value of all goods and services produced by the country’s citizens. GDP vs. GNP While the GDP …
Top 10 Countries: GDP per capita, Gross Domestic Product Read More »
The United States remains to be the undisputed leader in the world economy but the threat from China to grab that lead is looming. If China continues its double-digit growth per year, the Chinese — not anymore the Americans — will soon rule the world.