Philippines contributed 0.39% to worlds GDP

How much does the Philippines contribute to the $86 trillion world economy?

Philippine economy is at 0.39% share of gdp compared to the total combined gdp of the whole world.

Meanwhile the 3 Economic Giants:

United states economy  share is 23.89%
China at 15%
Japan 5.79%

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We can see How economic powers play a big role in affecting smaller economies.

Economic powers such as US and China can have a big effect in dominating on smaller economies.

Economic powers like US and China has the capability to cripple a smaller nation using its economic dominance.

For an example China's coronavirus crisis will bring a domino effect affecting most of the smaller economies like the Philippines in terms of tourism.

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