The Philippines is a developing country in Southeast Asia. The wage level in the Philippines is low middle income [1]. GDP per person according to the Purchasing power parity (PPP) in the Philippines in 2013 was $ 3,383 130th worldwide and lower in other Southeast Asian countries such as Brunei, Singapore, Malaysia, Thailand and Indonesia. [1 ] This means that the Philippines is poorer in these countries. GDP per person according to the PPP is the measure used by most economists to identify poor countries. [2] It compares the overall differences in the standard of living across countries as it considers the relative cost of living and inflation rates of countries.
The Philippines ranks 138th in the world in the index of ease of doing business or means hard to do in the Philippines. The Philippines ranks 105 in the Corruption Perceptions Index in 176 countries around the world or means the Philippines has a very high rate of corruption. [3]
Poverty and wage inequality between rich and poor remain high in the Philippines. [4] Recent growth in the Philippine economy only occurs in the service sectors such as the semiconductor, telecommunications, BPO, real estate export-supported remittances or OFW money-giving families in the Philippines with small businesses. . This is the main reason why there is insufficient quality work and poverty and wage inequality are not improved. [4] The sectors that will create more jobs such as agriculture, manufacturing and industry will be depleted. [4]
The key sectors of the Philippine economy include agriculture, such as food processing, sewing, and electronics and automobile parts manufacturing. Most of these industries are located in the Greater Manila area and surrounding areas. Mining has huge potential in the Philippines.