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The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. [31] In 2024, the Philippine economy is estimated to be at ₱26.55 trillion ($471.5 billion), making it the world's 32nd largest by nominal GDP and 13th largest in Asia according to the International Monetary Fund.
A map showing the traditional homelands of the indigenous peoples of the Philippines by province. The indigenous peoples of the Philippines are ethnolinguistic groups or subgroups that maintain partial isolation or independence throughout the colonial era, and have retained much of their traditional pre-colonial culture and practices.
The culture of the Philippines is characterized by cultural and ethnic diversity. [1] Although the multiple ethnic groups of the Philippine archipelago have only recently established a shared Filipino national identity, [2] their cultures were all shaped by the geography and history of the region, [3] [4] and by centuries of interaction with neighboring cultures, and colonial powers.
The Philippines is the 8th-largest rice producer in the world, accounting for 2.8% of global rice production. [1] The Philippines was also the world's largest rice importer in 2010. [2] [needs update] There are an estimated 2.4 million rice farmers in the Philippines as of 2020. [3]
A funeral procession in the Philippines, 2009. During the Pre-Hispanic period the early Filipinos believed in a concept of life after death. [1] This belief, which stemmed from indigenous ancestral veneration and was strengthened by strong family and community relations within tribes, prompted the Filipinos to create burial customs to honor the dead through prayers and rituals.
Coffee is an important agricultural product in the Philippines, and is one of the Philippines' most important export products [1] aside from being in high demand in the country's local consumer market. [2] The Philippines is one of the few countries that produce the four main viable coffee varieties; Arabica, Liberica , Excelsa and Robusta.
The traditional Baro't Saya was worn by the lowland people in Filipinas. It includes the blouse called "baro" and a skirt called "saya". It is the Archetype of every Filipiniana dress that has evolved throughout the colonial era of the Philippines. Today, the dress represents the rural life in the Philippines.
Since 1900, Filipinos and others began to migrate to the traditional regions where the Batak lived. This led to the resources and land of the Bataks dwindling. In the 1930s, the government attempted to establish reservations for the Batak in the coastal plains, but these were soon settled and overrun by Filipino migrants in the 1950s.