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Is Philippines a rich country or poor country?

The Philippines is considered a developing country with a mixed economy. While it has a growing economy and a young workforce, there is still a significant wealth disparity among its population. Factors such as corruption, underemployment, and inadequate infrastructure contribute to the country's poverty challenges.


Is Philippines a rich country in Asia?

Philippines is in the middle. Not rich nor poor.


What is the rank of the Philippines from one of the poor countries in the world?

i think philippines ranking as number 5 after Somalia, Somalia is noted as the poorest country since 1955 until now. The second poor country is Ghana next is Kenya then followed by Indonesia. Pls take note that the countries having lot of thieves and crimes around the corners are absolutely very poor in condition.


Is Philippines rich or poor?

The Philippines is considered a lower middle-income country, with a significant portion of the population living in poverty. While the country has a growing economy and potential for development, there are still challenges such as income inequality and lack of access to basic services for many citizens.


Why does Philippines remain poor despite its rich natural resources?

The poverty in the Philippines can be attributed to factors such as income inequality, corruption, inefficient governance, lack of infrastructure, and limited access to education and healthcare. These issues have hindered the country's ability to fully utilize its natural resources for economic development. Additionally, vulnerabilities to natural disasters and external factors like global market fluctuations also impact the country's economic growth.

Related Questions

Why is it that the Philippines is rich in minerals yet remain a poor country?

because Filipinos did not use their minds.


Is the Philippines a poor country?

Well,not really.most people are middle class but some are poor


What is the impact of taxes on the poor in Philippines?

The impact taxes have on the poor in the Philippines is holding the poverty rate at a higher percentage and slowing the economic growth of the country.


Is Philippines a rich country or poor country?

The Philippines is considered a developing country with a mixed economy. While it has a growing economy and a young workforce, there is still a significant wealth disparity among its population. Factors such as corruption, underemployment, and inadequate infrastructure contribute to the country's poverty challenges.


Why is there help for Haiti and there was no help when the Philippines flooded?

Haiti's disaster was the largest and most destructive disaster in Haiti's history. Haiti is a poor country with a poor government, and with the massive earthquake that hit Haiti homes, tents, huts and many places were wiped off. In the Philippines, when the flood is over, the homes of many people remain where they are.


Why Philippines left behind by Asian nation?

Philippines is left behind by Asian nation because of poor governance. All their officials are corrupt, greed, criminals,stupid,sinners,and selfish and even their chief justice. That is why today and in the future Philippines always remain poor.


Is Philippines a rich country in Asia?

Philippines is in the middle. Not rich nor poor.


Why is Philippines rich in minerals still poor?

They once were rich but then conqourers had came to take the riches from them. Conqourers such as the english, spanish, japenese, and more.


What are the minerals found in Bolivia?

Bolivia is rich in minerals despite being a poor country. Some minerals include salt, tin, lithium and other refined metals.


Cause and effect of graft and corruption in the philippines?

In general, nations that are poor are more prone to graft and corruption. Being a relatively poor country, the Philippines finds itself in a corrupt situation. Poverty breeds more graft and corruption.


Why the Spaniards come to the philippines?

because they got very bored and so decieded to dominate a poor defenceless country for shiggles


Why is the Philippines poor because of manny pacquiao?

The Philippines are part poor and in some areas rich so it depends