Imports
$62.68 billion (2011 est.)Exports
$47.23 billion (2011 est.)Inflation rate (consumer prices)
4.8% (2011 est.)Unemployment rate
7% (2011 est.)GDP - per capita (PPP)
$4,100 (2011 est.)National product real growth rate
7.3% (2010 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.)About this country
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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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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.
...PRS Group
Country Forecasts is a 480-page perfect-bound volume published in April and October. This publication provides a four-page summary of forecasts and data for each of the 100 countries monitored by Political ...
Dun and Bradstreet (Altares)
Risk Update Strong remittances support buoyant domestic demand. Report Summary This D&B Country RiskLine Report will help you analyze the risks, opportunities and likely payment delays when doing business ...
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