The economy of the Philippines as a whole was growing for some time until the pandemic crisis happened. Each region of the country was being developed. Philippines has some industries that are now being recognized internationally.
Tourism is the first industry that comes to our mind. The country is well known for it's beaches and natural tropical landscapes. Several young people from across the globe are mainly traveling to our vacation spots. As the country continues to develop it's cities infrastructures, more people will consider wanting to visit them. Manila especially will attract a lot of tourist.
Another industry that has gained recognition is the service industry. The last decade as well as this year so far, there were and still are a lot of young Filipinos working at call centers and accounting departments. When I'm on the phone with a customer service I usually talk to a Filipino representative. At times, I'll talk to a customer service representative from India. However they were helpful at answering and solving.
We do have several Filipina nurses and there are a lot contract workers especially seamen.
I see a lot of agricultural and fish products imported to here in America from Thailand. They produce products that the country of the Philippines is known for producing also. Hopefully one day here in America we could see more products made in the Philippines.
The Philippines needs to stop depending on oversea Filipino sending home money.
Philippines is rank number 1 in producing coconuts in the world and yet we see more coconuts, coconut milk, coconut oil in the markets here in America imported from Thailand.
Coconut Oil Production
|Rank||Country||Production (1000 MT)|
|9||Papua New Guinea||25|
|13||Tanzania, United Republic Of||10|
Several people at the service center in the Philippines have to work at home including employees at the call centers.