AHS-P1-2. COVID-19 Key Figures in the Philippines
Faculty Mentor: Kimberly Nehls, Ph.D.2
1Lee Business School, Department of Management, Entrepreneurship, and Technology
2Lee Business School, Department of Marketing and International Business
COVID-19, a two-year ongoing pandemic, has severely impacted everybody in this entire world. In January of 2020, the Philippines recorded its first confirmed case of COVID-19. Just like the United States, the Philippine government decided to put the country on lockdown in order to control the spread of COVID-19 infections throughout the population. Not only did this impact many individuals’ lives, but it also had a huge effect on the economy of the Philippines. As of the month of October 2021, it has been estimated that 2.7 million Filipinos have been tested positive for COVID-19. Once COVID-19 started spreading throughout the world, tourism, which has a huge economic impact on the Philippines, has decreased by as much as 7.4%. In the year of 2020, which is the year most of the lockdowns occurred, the Philippines’ real gross domestic product fell by approximately 9.5% in comparison to 2019. Luckily, the vaccine has been made available to the Philippines beginning March 2021, and as much as 22 million people have received at least the first dose of the vaccine. Because of the vaccines, it is projected that the Philippines GDP will be going up by 6.89% by the end of this year.