what is the rank of the philippines in terms of economic status
Economy of the Philippines The Philippines is primarily considered a newly industrialized country, which has an economy transitioning from one based on agriculture to one based more on services and manufacturing. As of 2017, GDP by Purchasing power parity was estimated to be at $878.980 billion.[26]
Government of the Philippines The government has three interdependent branches: the legislative branch, the executive branch, and the judicial branch. The powers of the branches are vested by the Constitution of the Philippines in the following: Legislative power is vested in the two-chamber Congress of the Philippinesâ€”the Senate is the upper chamber and the House of Representatives is the lower chamber.[1]