With more than 7,000 islands to travel in the Philippines, the country’s tourism was above the 6 percent average growth in the Asia and the Pacific, the Department of tourism said, citing data from the United Nations World Tourism Organization (UNWTO) World Tourism Barometer.
According to Philippine Tourism Secretary Berna Romulo-Puyat, the top record increase was due to the appreciation for other destinations in the country, despite the closure of world-known Boracay during its rehabilitation period.
Truly, Philippines has a lot of places to offer!
Come to the Philippines and enjoy nature’s gift with heartwarming Filipinos.
Full news article linked below.
Based on the February 2019 post by The Business Insider, their rankings on the Top emerging market took into account several factors including GDP figures and also the availability of funding and growth of the workforce.
One key factor mentioned was the export sector which was aided on investment in innovation.
Ranked at number 2, the Philippines was mentioned to have the highest increase in its labor force of any of the top 10 which, alongside its GDP growth of 5.3%, they indicated it will be one of the world’s fastest growing economies sooner rather than later.
Full article in the link below.