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Economy Philippines
Flag of Philippines Philippines
Population: 86,241,697 (July 2004 est.)
Capital: Manila
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Tabular Data - The Filipino Economy

GDP : purchasing power parity - $390.7 billion (2003 est.)
GDP - Real Growth Rate : 4.5% (2003 est.)
GDP - Per Capita : purchasing power parity - $4,600 (2003 est.)
GDP - Composition By Sector : agriculture: 14.5%
industry: 32.3%
services: 53.2% (2003 est.)
Population Below Poverty Line : 40% (2001 est.)
Household Income or Consumption by Percentage : lowest 10%: 1.7%
highest 10%: 38.4% (2000)
Inflation Rate (Consumer Prices) : 3.1% (2003 est.)
Labor Force : 34.56 million (2003)
Labor Force - By Occupation : agriculture 45%, industry 15%, services 40% (2003 est.)
Budget : revenues: $11.56 billion
expenditures: $15.25 billion, including capital expenditures of $2.4 million NA (2003)
Industries : electronics assembly, textiles, pharmaceuticals, chemicals, wood products, food processing, petroleum refining, fishing
Industrial Production Growth Rate : -0.1% (2003 est.)
Electricity - Production : 45.21 billion kWh (2001)
Electricity - Production by Source : fossil fuel: 55.6%
hydro: 17.5%
nuclear: 0%
other: 26.9% (2001)
Electricity - Consumption : 42.04 billion kWh (2001)
Agriculture - Products : rice, coconuts, corn, sugarcane, bananas, pineapples, mangoes, pork, eggs, beef, fish
Exports : $34.56 billion f.o.b. (2003 est.)
Exports - Commodities : electronic equipment, machinery and transport equipment, garments, coconut products, chemicals
Exports - Partners : US 20.4%, Japan 14.4%, China 11.8%, Hong Kong 7.7%, Taiwan 6.7%, Singapore 6%, Malaysia 5%, Netherlands 4.8%, Germany 4.6% (2003 est.)
Imports : $35.97 billion f.o.b. (2003 est.)
Imports - Commodities : raw materials, machinery and equipment, fuels, chemicals
Imports - Partners : Japan 20%, US 17.9%, Singapore 7.1%, South Korea 6.8%, China 6.7%, Hong Kong 4.8%, Taiwan 4.6% (2003 est.)
Debt - External : $57.96 billion (2003)
Economic Aid - Recipient : ODA commitments, $1.2 billion (2002)
Currency : Philippine peso (PHP)
Currency Code : PHP
Exchange Rates : Philippine pesos per US dollar - 54.2033 (2003), 51.6036 (2002), 50.9926 (2001), 44.1922 (2000), 39.089 (1999)
Fiscal Year : Calendar Year

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Data Source: Central Intelligence Agency 2004 World Factbook