Field info displayed for all countries in alpha order.
Philippine GDP grew 7.6% in 2010, spurred by consumer demand, a rebound in exports and investments, and election-related spending, before cooling to 3.7% in 2011. The economy weathered the 2008-09 global recession better than its regional peers due to minimal exposure to troubled international securities, lower dependence on exports, relatively resilient domestic consumption, large remittances from four- to five-million overseas Filipino workers, and a growing business process outsourcing industry. Economic growth in the Philippines averaged 4.5% during the MACAPAGAL-ARROYO administration (January 2001 – June 2010). Despite this growth, however, poverty worsened during her presidency. The AQUINO administration is working to reduce the government deficit from 3.9% of GDP, when it took office, to 2% of GDP by 2013. The government has had little difficulty issuing debt, both locally and internationally, to finance the deficits. The AQUINO Administration reduced public debt to below 50% of GDP and obtained several ratings upgrades on sovereign debt so that the Philippines is now close to investment grade. However, the lack of government spending, especially on infrastructure, was one of several factors which slowed GDP growth in the second half of 2011, leading the government to announce a stimulus effort and increased public spending on infrastructure in 2012. AQUINO’s first budget emphasized education, health, conditional cash transfers for the poor, and other social spending programs, relying mostly on the private sector to finance important infrastructure projects. Weak tax collection, exacerbated by new tax breaks and incentives, has limited the government’s ability to address major challenges. The AQUINO administration has vowed to focus on improving tax collection efficiency, rather than imposing new taxes, as a part of its good governance platform. The economy still faces several long-term challenges, including reliance on energy imports and foreign demand for overseas Filipino workers.
Field info displayed for all countries in alpha order.
$389.8 billion (2011 est.)

country comparison to the world: 33

$375.9 billion (2010 est.)
$349.2 billion (2009 est.)
note: data are in 2011 US dollars
Field info displayed for all countries in alpha order.
$216.1 billion (2011 est.)
Field info displayed for all countries in alpha order.
3.7% (2011 est.)

country comparison to the world: 111

7.6% (2010 est.)
1.1% (2009 est.)
Field info displayed for all countries in alpha order.
$4,100 (2011 est.)

country comparison to the world: 159

$4,000 (2010 est.)
$3,800 (2009 est.)
note: data are in 2011 US dollars
Field info displayed for all countries in alpha order.
agriculture: 12.3%
industry: 33.3%
services: 54.4% (2011 est.)
Field info displayed for all countries in alpha order.
39.81 million (2011 est.)

country comparison to the world: 15

Field info displayed for all countries in alpha order.
agriculture: 33%
industry: 15%
services: 52% (2010 est.)
Field info displayed for all countries in alpha order.
7.2% (2011 est.)

country comparison to the world: 82

7.3% (2010 est.)
Field info displayed for all countries in alpha order.
32.9% (2006 est.)
Field info displayed for all countries in alpha order.
lowest 10%: 2.4%
highest 10%: 31.2% (2006)
Field info displayed for all countries in alpha order.
45.8 (2006)

country comparison to the world: 38

46.6 (2003)
Field info displayed for all countries in alpha order.
19.8% of GDP (2011 est.)

country comparison to the world: 123

Field info displayed for all countries in alpha order.
revenues: $31.99 billion
expenditures: $36.71 billion (2011 est.)
Field info displayed for all countries in alpha order.
14.8% of GDP (2011 est.)

country comparison to the world: 189

Field info displayed for all countries in alpha order.
-2.2% of GDP (2011 est.)

country comparison to the world: 83

Field info displayed for all countries in alpha order.
49.4% of GDP (2011 est.)

country comparison to the world: 53

52.4% of GDP (2010 est.)
note: data cover central government debt, and includes debt instruments issued (or owned) by government entities other than the treasury; the data include treasury debt held by foreign entities; the data include debt issued by subnational entities, as well as intra-governmental debt; intra-governmental debt consists of treasury borrowings from surpluses in the social funds, such as for retirement, medical care, and unemployment. Debt instruments for the social funds are not sold at public auctions.
Field info displayed for all countries in alpha order.
5.3% (2011 est.)

country comparison to the world: 128

3.8% (2010 est.)
Field info displayed for all countries in alpha order.
3.8% (31 December 2010 est.)

country comparison to the world: 95

3.5% (31 December 2009 est.)
Field info displayed for all countries in alpha order.
7.3% (31 December 2011 est.)

country comparison to the world: 127

7.673% (31 December 2010 est.)
Field info displayed for all countries in alpha order.
$32.09 billion (31 December 2011 est.)

country comparison to the world: 57

$29.08 billion (31 December 2010 est.)
Field info displayed for all countries in alpha order.
$105.7 billion (31 December 2011 est.)

country comparison to the world: 52

$97.35 billion (31 December 2010 est.)
Field info displayed for all countries in alpha order.
$108.7 billion (31 December 2011 est.)

country comparison to the world: 50

$98.22 billion (31 December 2010 est.)
Field info displayed for all countries in alpha order.
$202.3 billion (31 December 2010)

country comparison to the world: 37

$130.5 billion (31 December 2009)
$85.63 billion (31 December 2008)
Field info displayed for all countries in alpha order.
sugarcane, coconuts, rice, corn, bananas, cassavas, pineapples, mangoes; pork, eggs, beef; fish
Field info displayed for all countries in alpha order.
electronics assembly, garments, footwear, pharmaceuticals, chemicals, wood products, food processing, petroleum refining, fishing
Field info displayed for all countries in alpha order.
6% (2011 est.)

country comparison to the world: 54

Field info displayed for all countries in alpha order.
59.19 billion kWh (2009 est.)

country comparison to the world: 44

Field info displayed for all countries in alpha order.
54.4 billion kWh (2009 est.)

country comparison to the world: 45

Field info displayed for all countries in alpha order.
0 kWh (2009 est.)
Field info displayed for all countries in alpha order.
0 kWh (2009 est.)
Field info displayed for all countries in alpha order.
33,110 bbl/day (2010 est.)

country comparison to the world: 67

Field info displayed for all countries in alpha order.
310,000 bbl/day (2010 est.)

country comparison to the world: 40

Field info displayed for all countries in alpha order.
60,460 bbl/day (2009 est.)

country comparison to the world: 75

Field info displayed for all countries in alpha order.
338,400 bbl/day (September 2010 est.)

country comparison to the world: 31

Field info displayed for all countries in alpha order.
138.5 million bbl (1 January 2011 est.)

country comparison to the world: 65

Field info displayed for all countries in alpha order.
3.15 billion cu m (2009 est.)

country comparison to the world: 54

Field info displayed for all countries in alpha order.
3.15 billion cu m (2009 est.)

country comparison to the world: 71

Field info displayed for all countries in alpha order.
0 cu m (2009 est.)

country comparison to the world: 167

Field info displayed for all countries in alpha order.
0 cu m (2009 est.)

country comparison to the world: 118

Field info displayed for all countries in alpha order.
98.54 billion cu m (1 January 2011 est.)

country comparison to the world: 55

Field info displayed for all countries in alpha order.
$7.044 billion (2011 est.)

country comparison to the world: 31

$8.465 billion (2010 est.)
Field info displayed for all countries in alpha order.
$54.17 billion (2011 est.)

country comparison to the world: 58

$50.68 billion (2010 est.)
Field info displayed for all countries in alpha order.
semiconductors and electronic products, transport equipment, garments, copper products, petroleum products, coconut oil, fruits
Field info displayed for all countries in alpha order.
China 19%, US 13.4%, Singapore 13.2%, Japan 12.8%, Hong Kong 7.6%, Germany 4.2%, South Korea 4.1% (2010)
Field info displayed for all countries in alpha order.
$68.84 billion (2011 est.)

country comparison to the world: 47

$61.07 billion (2010 est.)
Field info displayed for all countries in alpha order.
electronic products, mineral fuels, machinery and transport equipment, iron and steel, textile fabrics, grains, chemicals, plastic
Field info displayed for all countries in alpha order.
Japan 14.1%, China 13.6%, US 9.9%, Singapore 9.3%, Thailand 6.5%, South Korea 5.6%, Indonesia 4.1% (2010)
Field info displayed for all countries in alpha order.
$72.3 billion (31 December 2011 est.)

country comparison to the world: 27

$62.37 billion (31 December 2010 est.)
Field info displayed for all countries in alpha order.
$62.41 billion (31 December 2011 est.)

country comparison to the world: 53

$62.62 billion (31 December 2010 est.)
Field info displayed for all countries in alpha order.
$27.37 billion (31 December 2011 est.)

country comparison to the world: 63

$25.27 billion (31 December 2010 est.)
Field info displayed for all countries in alpha order.
$7.002 billion (31 December 2011 est.)

country comparison to the world: 55

$6.582 billion (31 December 2010 est.)
Field info displayed for all countries in alpha order.
Philippine pesos (PHP) per US dollar –
43.44 (2011 est.)
45.11 (2010 est.)
47.68 (2009)
44.439 (2008)
46.148 (2007)
Field info displayed for all countries in alpha order.
calendar year
Source: CIA World Factbook 2012
Advertisements

About The Aseanists Time

The Aseanists Time is daily online newspaper and magazine covering on regional politic, economic, and social issues; science and technology, regional leaders, politic and economic in each ASEAN Member States along with ASEAN 6 (United States, Australia, Japan, South Korea, China, and India), regional natural disaster and climate change, regional business, finance and economic statistic and figure. Furthermore, We also cover on top 10 economic countries. Finally, we report ASEAN, EU and UN as well.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s