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The Philippine economy has also made progress in delivering inclusive growth, evidenced by a decline in poverty rates and its Gini coefficient. Is the Philippines Considered a Developing Country? Yes, the World Bank classifies the Philippines as a developing economy. High infant mortality rate, limited access to health care, and a low GDP per capital. When they fall under a high rate of population growth, low per capita income, primary sector dependence, high unemployment rates, and dependency on exports of primary commodities. Rapidly growing economy.
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