Assessment of the economy after three years of the Marcos Jr. administration

On June 30, President Ferdinand R. Marcos, Jr. finished his third year in office.

- BIENVENIDO S. OPLAS, JR.

How has the Philippine economy performed during his administration compared with major economies in the world given continuing economic and global uncertainties?

To help answer this question I used four metrics or indicators: GDP growth, inflation rate, unemployment rate, and Debt/GDP ratio, and these are the results:

1. The Philippines was the third fastest growing economy among the top 34 largest economies in the world in terms of GDP size (at least $900 billion in 2024), average growth from 2022 to 2024. And even if extended to the top 50 largest economies, the Philippines was still the third fastest growing next to India and Vietnam. Malaysia, Bangladesh and Indonesia are 4th to 6th, Turkey is 7th, China is 8th. Egypt and Iran are 9th and 10th but I did not include them and several others in the accompanying table for the purpose of brevity.