Is India richer than Philippines?
Philippines has a GDP per capita of $8,400 as of 2017, while in India, the GDP per capita is $7,200 as of 2017.
Why Philippines is still a poor country?
The main causes of poverty in the country include the following: low to moderate economic growth for the past 40 years; recurrent shocks and exposure to risks such as economic crisis, conflicts, natural disasters,and “environmental poverty.”
Is Philippines one of the poor country?
It is hard to pinpoint a single cause of long-term poverty. Dictatorial and corrupt governments can make what could be a very rich nation into a poor one….Advertisement.
| Rank | Country | GDP-PPP ($) |
|---|---|---|
| 70 | Philippines | 8,900 |
| 71 | Bolivia | 8,901 |
| 72 | Eswatini | 9,409 |
| 73 | El Salvador | 9,551 |
Is Philippines better than India?
One of the reasons why companies prefer the Philippines over India is due to its treasure trove of highly-educated manpower. In fact, according to the United Nations Development Programme, the Filipino workforce has an impressive literacy rate of 93.4%, whereas the Indians only achieved a rate of 61%.
Why Philippines is a 3rd world country?
Today, the Philippines is still considered a Third World Country. Most people say, problems such as corruption, unemployment, crimes, and poverty are the ones that hinder this country to be part of the developed countries. Filipino citizens are known to be hospitable, resilient, and creative.
Why did India become poor?
Famines and diseases killed millions in multiple vicious cycles throughout the 19th and early 20th centuries. After India gained its independence in 1947, mass deaths from famines were prevented. Since 1991, rapid economic growth has led to a sharp reduction in extreme poverty in India.