Group items tagged

GDP | $167.1 billion per year (world rank: 46th) (Q1 2010 estimate) GDP at parity | $320.1 billion per year (world rank: 35th) (Q1 2010 estimate) real GDP | $176.8 billion per year (price-adjusted to year-2008 US dollars) (world rank: 46th) GDP per capita | $1790 per personper year (world rank: 168th) (Q1 2010 estimate) GDP real growth | +5.48%per year (world rank: 70th) (Q1 2010 estimate) Gini index | 0.46 (world rank: 94th) (2006 estimate) inflation rate | +7.778%per year (world rank: 101st) (2008 estimate) unemployment rate | 7.4% (world rank: 81st) (2008 estimate)

currency name | Php1 (Philippine peso) currency code | PHP local currency conversion | Php1 (Philippine peso) = \:20a925.58 (Korean won) currency conversion | Php1 (Philippine peso) = 2.32¢ (US cents)

city | population Manila | 10444527 Davao | 1212504 Cebu City, Cebu | 798809 Dasmariñas, Cavite | 556330 Cagayan de Oro | 553966 (2004 and 2007 estimates)

25.68 births/1,000 population (2010 est.) country comparison to the world: 58

5.06 deaths/1,000 population (July 2010 est.) country comparison to the world: 184

total: 19.94 deaths/1,000 live births country comparison to the world: 101 male: 22.49 deaths/1,000 live births female: 17.26 deaths/1,000 live births (2010 est.)

In Philippines military,boys and girls go to military.

        Literacy Rate: Simple 93.4% (2003 est.) Functional 84.1% (2003 est.) 

        Labor force: 37.89 million (2009 est.)           Unemployment rate: 7.5% (2009 est.) 7.4% (2008 est.)          Population below poverty line: 32.9% (2006 est.)  

  GDP - per capita (PPP):   $3,300 (2009 est.) $3,400 (2008 est.) $3,300 (2007 est.) 

Philippine Economy The Republic of the Philippines is located in Southeast Asia and Manila is its capital city. The country comprises 7,107 islands and ranks as the 12th most populous country in the world. Like most other southeast Asian regions, the Philippines too has a history of European colonization. It was a colony of Spain and the USA. The country is now home to multiple cultures and traditional ethnicities. It is also looked upon as a perfect example of a 'mixed economy'. Industrialization is a new development in the Philippines. Traditionally, the economy stabilized on the agrarian contributions and the manufacture of garments, pharmaceutical products and semiconductors. In the last decade, electronic exports added to the exports, including various products obtained by mining.  The economy of the nation also largely depends on the remittances from Filipinos residing overseas and investing in the homeland. However, exports are not evenly balanced by the imports that include heavy electronics, garments, various raw materials, intermediate goods and fuel. The influence of the Manila galleon on the nation's economy during the Spanish period, and bilateral trade when the country was a colony of the United States has resulted in the preference of a mixed economy over a centrally planned or market based one. It is very important to understand the shift during the Ferdinand Marcos leadership, from a market economy to a centrally planned economy, to relate to the economic recession that the country is now facing. It is only in the wake of economic liberalization and the make over from the monopolies during the Marcos era that the country is now able to apply the fundamentals of a mixed economy to remain buoyant. 

Import-Export Imbalance: Among the many economic problems faced by the Philippines, one is the imbalance of imports and exports. The negative trade is heavy and only counterbalanced by the service account surplus. Over the last two decades, Philippine exports have shifted from commodity-based products to manufactured goods. However, in the midst of the current global economic recession, the exports of electronics, garments and textiles are yet to reach a level of import neutralization. 

Decline of the Philippine Peso: The economic downturn has resulted in the devaluation of the Philippine peso and subsequently, a fall in the stock market. The fiscal conservatism strategy adopted by the Philippine government has yet to reflect a positive effect on acceleration of economic growth. 6% growth in the gross domestic product (GDP) in 2004 and 7.3% in 2007 has yet to accelerate to the linear GDP growth projected by the government.