Economy of Philippines

Imports

Imports commoditieselectronic products, mineral fuels, machinery and transport equipment, iron and steel, textile fabrics, grains, chemicals, plastic

Import partnersUS 11.5%, China 10.8%, Japan 10.4%, South Korea 7.3%, Singapore 7.1%, Thailand 5.6%, Saudi Arabia 5.6%, Indonesia 4.4%, Malaysia 4% (2012)

Exports

Exports commoditiessemiconductors and electronic products, transport equipment, garments, copper products, petroleum products, coconut oil, fruits

Export partnersJapan 19%, US 14.2%, China 11.8%, Singapore 9.3%, Hong Kong 9.2%, South Korea 5.5%, Thailand 4.7% (2012)

Economy sectors

Agriculture productssugarcane, coconuts, rice, corn, bananas, cassavas, pineapples, mangoes; pork, eggs, beef; fish

Industrial productselectronics assembly, garments, footwear, pharmaceuticals, chemicals, wood products, food processing, petroleum refining, fishing

Economy

Unemployment7.40 % (2013)7.00 % (2012)7.00 % (2011)

GDP - Official Exchange Rate272 Billion $ (2013)247 Billion $ (2012)224 Billion $ (2011)

GDP - Official Exchange Rate of Philippines

GDP growth rate6.80 % (2013)6.80 % (2012)3.90 % (2011)

GDP per Capita (PPP)4,700 $ (2013)4,400 $ (2012)4,100 $ (2011)

GDP - Purchasing Power Parity454 Billion $ (2013)420 Billion $ (2012)398 Billion $ (2011)

GDP - Purchasing Power Parity of Philippines

GDP PPP per land area1.51 Million $ per square kilometer (2013)1.40 Million $ per square kilometer (2012)1.33 Million $ per square kilometer (2011)

Electricity

Electricity - installed generating capacity16.4 Million kW

Banking

Central bank discount rate5.30 % (2012)3.80 % (2010)3.50 % (2009)

Central bank discount rate of Philippines

Commercial bank prime lending rate5.80 % (2013)5.68 % (2012)6.66 % (2011)

Commercial bank prime lending rate of Philippines

GDP decomposition by sector

Agriculture % of GDP11.2 % (2013)11.8 % (2012)

Industry % of GDP31.6 % (2013)31.1 % (2012)

Services % of GDP57.2 % (2013)57.1 % (2012)

Tourism

International tourism, number of arrivals4.27 Million (2012)3.92 Million (2011)3.52 Million (2010)

International tourism, number of departures3.19 Million (2009)3.36 Million (2008)3.07 Million (2007)

International tourism, number of departures of Philippines

Yearly Tourist arrivals to residents ratio4.12 % (2012)3.85 % (2011)3.77 % (2010)

Yearly Tourist arrivals to residents ratio of Philippines

Debt, Current Account Balance and Budget Deficit

Public debt (Percentage of GDP)50.2 % of GDP (2013)51.5 % of GDP (2012)50.9 % of GDP (2011)

Public debt (Percentage of GDP) of Philippines

Budget surplus (+) or deficit (-)-2.30 % of GDP

Current Account Balance (Percentage of GDP)2.85 % of GDP (2012)3.11 % of GDP (2011)4.47 % of GDP (2010)

Current Account Balance (Percentage of GDP) of Philippines

External Debt Stocks (Percentage of GNI)24.6 % of GNI (2012)27.1 % of GNI (2011)30.4 % of GNI (2010)

External Debt Stocks (Percentage of GNI) of Philippines

Short-term debt (percentage of total external debt)13.8 % of total external debt (2012)11.5 % of total external debt (2011)10.4 % of total external debt (2010)

Short-term debt (percentage of total external debt) of Philippines

Current Account Balance (Total)7.51 Billion $ (2013)7.13 Billion $ (2012)7.08 Billion $ (2011)

Current Account Balance (Total) of Philippines

External Debt (Total)72.8 Billion $ (2013)74.9 Billion $ (2012)72.2 Billion $ (2011)

External Debt (Percentage of GDP)26.7 % of GDP (2013)30.3 % of GDP (2012)32.2 % of GDP (2011)

External Debt (Percentage of GDP) of Philippines

External Debt per Capita689 $ (2013)722 $ (2012)709 $ (2011)