Philippines Economy Second biggest by 2050 in ASEAN

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The Philippines' GDP is projected to grow from $290 billion in 2014 to $2,747 billion by 2050. It is projected to expand by an average of 6.3 percent per year in US dollar terms. Malaysia and Thailand will closely trail behind, with $2,676 billion and $2,658 billion, respectively.

Globally, the Philippines' ranking in economic size among 32 countries covered by the study is expected to climb from 28th to 19th. It is one of three countries seen to make the greatest moves up the rankings. The other two are Vietnam (from 32nd to 20th) and Nigeria (from 22nd to 14th). - EntrepreneurPH