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Philippines

Philippines : economy statistics and industry reports

  • Updated on : 27 August 2012  Source : The World Factbook

Imports

$62.68 billion (2011 est.)
$61.71 billion (2010 est.)

Exports

$47.23 billion (2011 est.)
$50.75 billion (2010 est.)

Inflation rate (consumer prices)

4.8% (2011 est.)
4.1% (2010 est.)

Unemployment rate

7% (2011 est.)
7.3% (2010 est.)

GDP - per capita (PPP)

$4,100 (2011 est.)
$4,100 (2010 est.)
$3,800 (2009 est.)
note: data are in 2011 US dollars

National product real growth rate

7.3% (2010 est.)
1.1% (2009 est.)
3.7% (2008 est.)

Internet users

8.278 million (2009)

Telephones - mobile cellular

79.896 million (2010)

Population growth rate

1.873% (2012 est.)

Population

103,775,002 (July 2012 est.)

Historical background

The Philippine Islands became a Spanish colony during the 16th century; they were ceded to the US in 1898 following the Spanish-American War.

In 1935 the Philippines became a self-governing commonwealth.

Manuel QUEZON was elected president and was tasked with preparing the country for independence after a 10-year transition.

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Philippines

Economic overview

Philippine GDP grew 7.

3% in 2010, spurred by consumer demand, a rebound in exports and investments, and election-related spending.

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.

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The Economist Intelligence Unit

Country Forecast Philippines July 2015 Updater

Country Forecast Philippines July 2015 Updater

  • $ 635
  • Country report
  • July 2015
  • by The Economist Intelligence Unit

The Economist Intelligence Unit expects the president, Benigno Aquino, to complete his term and stand down in 2016 (he is constitutionally barred from seeking a second term). However, his public approval ...

  • Countries : Philippines

Dun and Bradstreet (Altares)

D&B Country Insight Report: The Philippines

D&B Country Insight Report: The Philippines

  • $ 650
  • Country report
  • June 2015
  • by Dun and Bradstreet (Altares)

Report Summary If you are involved in cross-border business, developing relationships or identifying opportunities overseas, you are exposed to the risk associated with a country’s overall political, ...

  • Countries : Philippines, China, World

ISA

Philippines - ISA Country Report

Philippines - ISA Country Report

  • $ 99
  • Country report
  • August 2015
  • by ISA

This report contains detailed forecasts and analysis for Philippines, including trade and investment analysis, economic forecasts, political risk assessments and demographic trend analysis. Each ISA Country ...

  • Countries : Philippines

Oxford Economics

Country Economic Forecasts > Philippines

Country Economic Forecasts > Philippines

  • $ 185
  • Country report
  • July 2015
  • by Oxford Economics

The financial market turbulence of recent weeks means that the external outlook is now slightly more uncertain for the Philippines and in May exports fell by the most since the end of 2011. Moreover, given ...

  • Countries : Philippines

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