<\/a>Philippine GDP growth was of 6.6% in 2012, bigger than the GDP growth recorded in 2001 (3.9%), and smaller than the one recorded in 2010 – 7.6%. With the 6.6% economic growth, the country met the government\u2019s targeted 6%-7% growth range. With an economy based on agriculture, industry and services, underemployment is nearly 20% and more than 40% of the employees are estimated to be working in the informal sector. The GDP in 2012 was of $423.7 billion, while the GDP per capita was of $4,300. The numbers show 26.5% of the Filipinos live under the World Bank\u2019s poverty line. Also, the public debt is of 51% of GDP and the inflation hit 3.2%. Reforming governance and the judicial system, improving regulatory predictability, building infrastructure, and the ease of doing business, attracting higher levels of local and foreign investments represent long term challenges for the government.<\/p>\nPlease visit us again soon as we’ll be publishing the projected population of the Philippines in 2016<\/strong> as well as religious maps and additional demographics data on Filipino people.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"The Philippines, also officially known as the Republic of the Philippines, is an archipelago located in Southeastern Asia, between the Philippine Sea and the South China Sea, east of Vietnam. With a total area of 115,831\u00a0square miles, the Philippines is slightly larger than Arizona. By land mass, it is the 73rd largest country in the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"https:\/\/www.populationfun.com\/wp-json\/wp\/v2\/posts\/441"}],"collection":[{"href":"https:\/\/www.populationfun.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.populationfun.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.populationfun.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.populationfun.com\/wp-json\/wp\/v2\/comments?post=441"}],"version-history":[{"count":31,"href":"https:\/\/www.populationfun.com\/wp-json\/wp\/v2\/posts\/441\/revisions"}],"predecessor-version":[{"id":2810,"href":"https:\/\/www.populationfun.com\/wp-json\/wp\/v2\/posts\/441\/revisions\/2810"}],"wp:attachment":[{"href":"https:\/\/www.populationfun.com\/wp-json\/wp\/v2\/media?parent=441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.populationfun.com\/wp-json\/wp\/v2\/categories?post=441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.populationfun.com\/wp-json\/wp\/v2\/tags?post=441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}