Philippines
The economy was largely anchored on the Manila-Acapulco galleon during the Spanish period and bilateral trade with the United States during the American period. Pro-Filipino economic policies were first implemented during the tenure of Carlos P. Garcia with the Filipino First policy. By the 1960s, the economy was regarded as the second largest in Asia, next to Japan. However, the leadership of Ferdinand Marcos would prove disastrous, by transforming the market economy into a centrally planned economy. The country suffered severe economic recession, only to recover in the 1990s with a program of economic liberalization. Today, there is a mixed economy.
|
Demographic Data |
|
Economic Data |
|
Cultural & Other Data |
|
|
|
GDP (PPP, $bn) |
320.6 |
Capital |
Manila |
|
|
Area (sq. km.) |
300,000 |
GDP Real Growth (%) |
4.6 |
Other Large Cities |
Davao City, Cebu City |
|
Population (million) |
97.98 |
PerCap GDP ($) |
3,300 |
Primary Language |
Filipino |
|
Population Growth % |
1.957 |
Prime Lending Rate (%) |
8.69 |
Urban Population % |
65 |
|
% Population Under 15yrs |
35.2 |
Inflation Rate% |
9.3 |
Urban Growth % |
3 |
|
Population below poverty line (%) |
30 |
Unemployment% |
7.4 |
Literacy (% of population) |
92.6 |
|
Agricultural Workers (% of population) |
35 |
Foreign Direct Investment($bn) |
20.78 |
Education spending as % of GDP |
2.5 |
|
Industrial Workers (% of population) |
15 |
Debt-External ($bn) |
53.48 |
CPI Score (1-10)* |
2.3 |
|
Service Workers (% of population) |
50 |
Exports ($bn) |
49 |
Corporate Income Tax % |
30 |
|
Labor Force (mil) |
36.81 |
Imports ($bn) |
58 |
Ease of Doing Business Ranking ** |
140 |
CURRENCY EXCHANGE RATE
06/22/09 $1 = 48 PHP
Loading ...