FactCheck: While it is true that the Philippine economy was on the rise at the start of the Marcos administration, data show that the economy was also already falling during the latter part of Marcos’ dictatorship.
The Philippines got worse after the late dictator Ferdinand Marcos was overthrown by the EDSA People Power.Bumagsak ang Pilipinas Mula Noong Pinabagsak nila si Marcos
Claim Check, Facebook’s monitoring tool, flagged the video for fact checkers to verify. It was reported at least 11 times on Facebook for containing false information. As of writing, the video had over 90,000 views, 3,700 shares, 7,600 reactions, and 533 comments. It was still being shared as of July 6.
A country’s GDP is the monetary value of all its output of goods and services, which is used to estimate the size of an economy and its growth rate. GDP per capita, meanwhile, is used to measure the average living standards and economic wellbeing of a person in a country. It is calculated by dividing the country’s GDP by its population.
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