2006-12-04 04:33:36 · 6 answers · asked by Belarmino a 1 in Social Science ➔ Economics
Nope. Not the richest nor the poorest. The World Bank ranked the Philippines 24th in Purchasing Power Parity. Purchasing power parity (PPP) conversion factors take into account differences in the relative prices of goods and services—particularly non-tradables—and therefore provide a better overall measure of the real value of output produced by an economy compared to other economies.
If you want my personal opinion concerning economic performance and standards of living I'd say . . . . better than many countries/comfortable however if you're obsessed with buying and possessing stuff then this is not the place for you.
2006-12-05 18:07:31 · answer #1 · answered by Ramon L 2 · 0⤊ 0⤋
No, the Philippines is in the poorer half of asia. The richest countries in Asia are: Japan, South Korea, Singapore, and some of the wealthier middle-east countries (UAE, Israel, Kuwait..)
2006-12-04 11:05:37 · answer #2 · answered by flawless51 3 · 0⤊ 0⤋
You've got to be kidding. Political instabiliy and corruption is holding back the country. I'll say they way behind every else in Asia.
2006-12-04 04:37:48 · answer #3 · answered by terencework 3 · 1⤊ 0⤋
impossible!!! you must be kidding!?. Brunei is the richest!
2006-12-04 04:38:36 · answer #4 · answered by Jeanjean 4 · 0⤊ 0⤋
No. Japan is.
2006-12-04 10:31:07 · answer #5 · answered by NC 7 · 0⤊ 0⤋
No.
2006-12-04 05:07:04 · answer #6 · answered by Augustine Pius Thliza 2 · 0⤊ 0⤋