Creative Industries Contribute Trillions to Philippine Economy, Highlighting Potential for Growth
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Tourism has long been recognized as a significant contributor to the growth of the Philippine economy, accounting for 6.2% of the country's GDP. Additionally, the tourism sector employs 5.35 million Filipinos, making up 11.4% of total employment . The Department of Tourism reported that in the first two months of 2024, the country welcomed 1.2 million foreign visitors, with a target of 7.7 million arrivals for the entire year. To fully unleash the potential of the tourism industry, collaboration between local and international stakeholders is crucial. Infrastructure development, including the improvement of airports and health facilities, is also highlighted as a priority. Increasing airport capacity is particularly important for the Philippines to remain competitive with its ASEAN neighbo...
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