Economic Structure
|
Major Industries |
Food, petrochemicals, chemicals, electronics and electrical machinery, footwear and garments, beverages |
|
Major Exports |
Electronic components, articles of apparel and clothing accessories, metal products |
|
Major Imports |
Transport equipment, Iron and Steel, Materials/Accessories Imported on consignment basis for the manufacture of Other Electrical and Electronic Machinery and Equipment and Cereals and Cereal Preparations. |
|
Major Trading Partners |
USA, Japan, Netherlands, Singapore, Taiwan, HongKong, Malaysia, Germany, Rep. of Korea and PROC |
|
Major Investors |
USA, Japan, Germany, Singapore, Taiwan, Argentina, Virgin Islands, France, Great Britain |
Economic Indicators
|
Population |
|
|
Total Population (2000) |
76.5 M |
|
Population Projection (2007) |
88.7 M |
|
Average Annual Family Income (2003) |
Php 147,888 |
|
Underemployment Rate (October 2006) |
20.4% |
|
Unemployment Rate (October 2006) |
7.3% |
|
Selected Macroeconomic Statistics |
|
|
Gross National Product (Growth Rate) (2005) |
5.7% |
|
Gross Domestic Product (Growth Rate) (2005) |
5.1% |
|
Inflation Rate (January 2006) |
6.7% |
|
Selected Domestic Interest Rates (%) |
|
|
Treasury Bill Rates (All Maturities) (January 2006) |
4.91% |
|
Bank Average Lending Rates (December 2005) |
10.79% |
|
Average Exchange Rate 1US$:1Peso (January 2006) |
52.617 |
|
Trade Statistics |
|
|
Exports (in million US $) (November 2006) |
4,022 |
|
Imports (in million US $) (November 2006) |
4,508 |
|
Balance of Trade (in million US $) (November 2006) |
(487) |
