The economy of Botswana is currently one of the world's fastest growing economies, averaging about 5% per annum over the past decade. Botswana has been praised by the African Development Bank for sustaining one of the world's longest economic booms. The government has consistently maintained budget surpluses and has extensive foreign-exchange reserves.
The economy of the Philippines is the world's 27th largest economy by nominal GDP according to the International Monetary Fund 2021 and the 10th largest economy in Asia. The Philippines is one of the emerging markets and the 3rd highest in Southeast Asia by GDP nominal after Thailand and Indonesia. As of 2021, GDP by purchasing power parity was estimated to be at $1.47 trillion, the 18th in the world.