Overview Philippines

Makati skyline j 0 n.jpg
Makati, financial capital of the Philippines
Currency Philippine peso (PHP) = 100 centavos (English)
piso = 100 sentimo (Filipino)
Fiscal year Calendar year
Trade organizations APEC, ASEAN, WTO, EAS, Asian Development Bank, ASEAN Plus Three, and others
Statistics
GDP

$224.8 billion nominal(2011)[1]

$411.9 billion PPP (2011)[2]
GDP growth 6.1% (First Half of 2012)
GDP per capita

$2,223 (2011)[3] (nominal 126th)

$4,073 (2011)[3] (PPP 126th)
GDP by sector agriculture (12.3%), industry (33.3%), services (54.4%) (2011 est.)[4]
Inflation (CPI) 2.8% (June 2012)[5]
Population
below poverty line		 national – 32.9% (2006 est.)[4]
international – 22.6% (2006)[6]
regional – 27% (2006)[7]
Gini coefficient 45.8 (2006)[4]
Labor force 39.81 million (2011 est.)[4]
Labor force
by occupation		 services (52%) agriculture (33%), industry (15%) (2010 est.)[4]
Unemployment 6.9% (April 2012)[8]
Main industries electronics assembly, garments,footwear, pharmaceuticals, chemicals,wood products, food processing,petroleum refining, fishing[4]
Ease of Doing Business Rank 136th[9]
External
Exports $48.0 billion (2011)[10]
Export goods semiconductors and electronic products, transport equipment,garments, copper products, petroleum products, coconut oil, fruits[4]
Main export partners Japan 18.5%, United States 14.8%,China 12.7%, Singapore 8.9%, Hong Kong 7.7%, South Korea 4.6%,Taiwan 4.2%, Thailand 4.0%,Netherlands 3.6%, Germany 3.5% (2011)[11]
Imports $60.1 billion (2011)[10]
Import goods electronic products, mineral fuels, machinery and transport equipment, iron and steel, textile fabrics, grains, chemicals, plastic[4]
Main import partners Japan 10.8%, United States 10.8%,China 10.1%, Singapore 8.1%, South Korea 7.3%, Taiwan 6.9%, Thailand5.8%, Saudi Arabia 5.4%, Malaysia4.4%, Indonesia 3.9% (2011)[12]
Gross external debt $62.431 billion (September 2011)[13]
Public finances
Public debt $114.41 billion (50.9% of GDP) (2011)[14]
Revenues $31.38 billion (2011)
Expenses $35.95 billion (2011)[15]
Economic aid $1.67 billion[16]
Foreign reserves $80.80 billion (August 2012)[22]
Main data source: CIA World Fact Book
All values, unless otherwise stated, are in US dollars

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