US $1.5 billion: How expensive a Filipino Christmas is
A whopping P63 billion pesos (US$1.5B)!!!
That’s how much Filipinos spent this Christmas season on gifts and food. Including an average remittance figure that overseas workers send for Christmas spending, that total jumps to 84 billion pesos!
This excludes the amount spent for holiday greetings through text, or pyrotechnics and fireworks for the New Year.
So who’s saying the Philippines is poor? Our Christmas economy alone could get us through some serious national debt problems!
Get how theses figures added up in “Holiday spree: Pinoys spend P63B during Xmas season“.
Tags: Philippines, christmas, economy, spending, holidays, food, gifts, filipino
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[...] 2. Business sentiments remained positive with the increased consumer spending over the holidays. [...]