How much is the Philippines debt?

Outstanding government debt ballooned from 8.2 trillion pesos in 2019 to 10.2 trillion pesos in 2020 as the state ran big deficits to battle the pandemic. Through the first three quarters of 2021, government debt has increased again to 11.9 trillion pesos.

How much do you need to live comfortably in the Philippines?

Cost of Living in the Philippines The Philippines has a generally low cost of living. International Living reports that you could comfortably live on $800 to $1200 a month, covering housing, utilities, food, healthcare and taxes. If you live on $800 a month, your $100,000 can spread out to about ten and a half years.

How wealthy is Philippines?

The Philippines is primarily considered a newly industrialized country, which has an economy in transition from one based on agriculture to one based more on services and manufacturing. As of 2021, GDP by purchasing power parity was estimated to be at $1.47 trillion, the 18th in the world.

How much money will you need for your trip to the Philippines?

How much money will you need for your trip to the Philippines? You should plan to spend around ₱2,641 ($54) per day on your vacation in the Philippines, which is the average daily price based on the expenses of other visitors. Past travelers have spent, on average, ₱605 ($12) on meals for one day and ₱791 ($16) on local transportation.

What is the average price of a hotel in the Philippines?

The average price of a hotel in the Philippines for a couple is ₱1,904 ($37). Additional pricing is in the table below. These average travel prices have been collected from other travelers to help you plan your own travel budget. An island paradise at affordable prices.

How much does the average person spend on alcohol in the Philippines?

The average person spends about ₱495 on alcoholic beverages in the Philippines per day. The more you spend on alcohol, the more fun you might be having despite your higher budget. On average, people spend ₱65 on bottled water in the Philippines per day. The public water in the Philippines is not usually considered safe to drink.

How much is the average cost of food in the Philippines?

Food Budget in the Philippines Average Daily Costs. Calculated from travelers like you. While meal prices in the Philippines can vary, the average cost of food in the Philippines is ₱605 per day. Based on the spending habits of previous travelers, when dining out an average meal in the Philippines should cost around ₱242 per person.