The economy of the Philippines is a mixed economic system, and one of the newly industrialized emerging market economies of the world. Important sectors of the Philippine economy include agriculture and industry, particularly food processing, textiles and garments, and electronics and automobile parts.
Manila is the capital of the Philippines. Manila is one of the world’s largest and most densely populated cities in the world. Manila’s economy is diverse and multifaceted and serves as the nation’s chief seaport.
Manila has an overall cost of living index which equates it with middle cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.
The latest cost of living rank for each of the 13 Basket Groups is now available.