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| Economy
- overview: |
In 1998 the
Philippine economy - a mixture of agriculture, light industry, and
supporting services - deteriorated as a result of spillover from the
Asian financial crisis and poor weather conditions. Growth fell to
about -0.5% in 1998 from 5% in 1997, but recovered to about 3% in 1999
and 3.6% in 2000. The government has promised to continue its economic
reforms to help the Philippines match the pace of development in the
newly industrialized countries of East Asia. The strategy includes
improving infrastructure, overhauling the tax system to bolster
government revenues, moving toward further deregulation and
privatization of the economy, and increasing trade integration with
the region. |
| GDP: |
purchasing
power parity - $310 billion (2000 est.) |
| GDP
- real growth rate: |
3.6% (2000
est.) |
| GDP
- per capita: |
purchasing
power parity - $3,800 (2000 est.) |
| GDP
- composition by sector: |
agriculture:
20%
industry: 32%
services: 48% (1997 est.) |
| Population
below poverty line: |
41% (1997
est.) |
| Household
income or consumption by percentage share: |
lowest
10%: 1.5%
highest 10%: 39.3% (1998) |
| Inflation
rate (consumer prices): |
5% (2000
est.) |
| Labor
force: |
48.1 million
(2000 est.) |
| Labor
force - by occupation: |
agriculture
39.8%, government and social services 19.4%, services 17.7%,
manufacturing 9.8%, construction 5.8%, other 7.5% (1998 est.) |
Data reproduced
from the CIA website.
[first]
[two] [three] [four]
[five] [six] [seven]
[eight]
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