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)
Unemployment of Philippines
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 growth rate of Philippines
GDP per Capita (PPP)4,700 $ (2013)4,400 $ (2012)4,100 $ (2011)
GDP per Capita (PPP) of Philippines
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)
GDP PPP per land area of Philippines
ElectricityBanking
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 arrivals of Philippines
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
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 (Total) of Philippines
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)
External Debt per Capita of Philippines