Philippines is the 4th fastest-growing economy in the world in 2015

Source: CNN Money / Philstar

The Philippines economic growth in 2015 is seen to be the fourth fastest in the world, according to data from CNN Money.

The country's gross domestic product (GDP) growth for this year is projected at 6.7 percent, behind India's estimated growth of 7.5 percent growth; Qatar's 7.1 percent; and China's 6.8 percent.

Behind the Philippines is Bangladesh with a projected growth of 6.3 percent; Vietnam at 6 percent; and Indonesia at 5.2 percent.

Government set a target of 7 to 8 percent growth for the year.

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